Fortinet (FTNT) Enterprise Value (2010 - 2026)
Fortinet (FTNT) posted quarterly Enterprise Value of -$4.1 billion for Q2 2026, up 10.81% year-over-year from -$3.7 billion in Q2 2025, and down 23.51% quarter-over-quarter from -$3.3 billion in Q1 2026.
Fortinet (FTNT) Enterprise Value (2010 - 2026) Analysis & Trends
Fortinet's Enterprise Value history runs 17 years deep, the most recent figure standing at -$4.1 billion for Q2 2026.
- In Q2 2026, Enterprise Value rose 10.81% year-over-year to -$4.1 billion; the TTM figure through Jun 2026 stood at -$4.1 billion (up 10.81% YoY), while the FY2025 annual figure was -$3.6 billion, up 11.9% from the prior year.
- Enterprise Value for Q2 2026 stood at -$4.1 billion, down from -$3.3 billion in the prior quarter.
- The five-year high for Enterprise Value was -$1.7 billion in Q3 2022, with the low at -$4.8 billion in Q1 2025.
- The 5-year median for Enterprise Value is -$3.2 billion (2023), against an average of -$3.2 billion.
- The sharpest annual moves came in 2022 and 2023: Enterprise Value surged 44.84% in 2022, then tumbled 91.66% in 2023.
- Fortinet's Enterprise Value stood at -$2.2 billion in 2022, then retreated by 10.7% to -$2.4 billion in 2023, then tumbled by 68.08% to -$4.1 billion in 2024, then gained by 11.9% to -$3.6 billion in 2025, then declined by 13.6% to -$4.1 billion in 2026.
- Business Quant data shows FTNT's Enterprise Value at -$4.1 billion in Q2 2026, -$3.3 billion in Q1 2026, and -$3.6 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | -132.75 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -31.35 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | -9.30 Bn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -3.11 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | -4.07 Bn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -4.16 Bn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | -2.20 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -5.54 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | -6.46 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | -3.58 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.07 Bn |
| Mar 31, 2026 | -3.29 Bn |
| Dec 31, 2025 | -3.58 Bn |
| Sep 30, 2025 | -3.12 Bn |
| Jun 30, 2025 | -4.56 Bn |
| Mar 31, 2025 | -4.78 Bn |
| Dec 31, 2024 | -4.07 Bn |
| Sep 30, 2024 | -3.65 Bn |
| Jun 30, 2024 | -2.22 Bn |
| Mar 31, 2024 | -3.00 Bn |
| Dec 31, 2023 | -1.42 Bn |
| Sep 30, 2023 | -3.15 Bn |
| Jun 30, 2023 | -2.40 Bn |
| Mar 31, 2023 | -2.85 Bn |
| Dec 31, 2022 | -1.71 Bn |
| Sep 30, 2022 | -979.00 Mn |
| Jun 30, 2022 | -1.72 Bn |
| Mar 31, 2022 | -2.09 Bn |
| Dec 31, 2021 | -2.50 Bn |
| Sep 30, 2021 | -1.88 Bn |