Fortinet (FTNT) Debt to Equity (2021 - 2026)
Fortinet (FTNT) posted Debt to Equity of $0.5 for Q1 2026, down 37.65% on a QoQ basis from $0.81 in Q4 2025, and down 0.96% year-on-year from $0.51 in Q1 2025.
Fortinet (FTNT) Debt to Equity (2021 - 2026) Analysis & Trends
Fortinet has disclosed Debt to Equity across 6 years of filings, most recently posting $0.5 for Q1 2026.
- Debt to Equity for Q1 2026 came in at $0.5, down 0.96% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.5 (down 0.96% YoY), and the FY2025 annual result was $0.81, up 20.95% from the prior year.
- Debt to Equity came in at $0.5 for Q1 2026 at Fortinet, down from $0.81 in the prior quarter.
- Over the last five years, Debt to Equity for FTNT reached as high as $86.92 in Q1 2023 and fell as low as -$7.22 in Q1 2024.
- Median Debt to Equity over the past 5 years was $0.67 (2024), compared with a mean of $5.85.
- Year-over-year, Debt to Equity slumped 378.15% in 2022 and jumped 1949.75% in 2023.
- Over 5 years, Debt to Equity stood at -$3.52 in 2022, then surged by 39.12% to -$2.14 in 2023, then soared by 131.08% to $0.67 in 2024, then increased by 20.95% to $0.81 in 2025, then sank by 37.65% to $0.5 in 2026.
- Per Business Quant, the three latest FTNT Debt to Equity figures stand at $0.5 (Q1 2026), $0.81 (Q4 2025), and $1.35 (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | 0.05 |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 0.10 |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | - |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | 0.11 |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | - |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 0.17 |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 2.84 |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 0.50 |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | 0.85 |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 0.33 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.50 |
| Dec 31, 2025 | 0.81 |
| Sep 30, 2025 | 1.35 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.51 |
| Dec 31, 2024 | 0.67 |
| Sep 30, 2024 | 1.09 |
| Jun 30, 2024 | 3.45 |
| Mar 31, 2024 | -7.22 |
| Dec 31, 2023 | -2.14 |
| Sep 30, 2023 | 13.38 |
| Jun 30, 2023 | 3.09 |
| Mar 31, 2023 | 86.92 |
| Dec 31, 2022 | -3.52 |
| Sep 30, 2022 | -1.56 |
| Jun 30, 2022 | -2.61 |
| Mar 31, 2022 | 4.24 |
| Dec 31, 2021 | 1.26 |
| Sep 30, 2021 | 0.89 |
| Jun 30, 2021 | 0.94 |