Fortinet (FTNT) Enterprise Value (2010 - 2026)
Fortinet's (FTNT) quarterly Enterprise Value came in at -$3.3 billion in Q1 2026, up 31.08% year-on-year from -$2.5 billion in Q1 2025, and up 8.03% quarter-over-quarter from -$3.6 billion in Q4 2025.
Fortinet (FTNT) Enterprise Value (2010 - 2026) Analysis & Trends
Fortinet's Enterprise Value history runs 17 years deep, the most recent figure standing at -$3.3 billion for Q1 2026.
- On a quarterly basis, Enterprise Value rose 31.08% year-over-year to -$3.3 billion in Q1 2026; TTM through Mar 2026 was -$3.3 billion, a 31.08% increase from a year earlier, with the FY2025 full-year figure at -$3.6 billion, up 11.9% from the prior year.
- Enterprise Value climbed to -$3.3 billion in Q1 2026 per FTNT's latest filing, from -$3.6 billion in the prior quarter.
- Across five years, Enterprise Value topped out at -$979.0 million in Q3 2022 and bottomed at -$4.8 billion in Q1 2025.
- The 5-year median for Enterprise Value is -$3.0 billion (2024), against an average of -$2.9 billion.
- Across the five-year window, Enterprise Value soared 47.8% in 2022 and tumbled 221.65% in 2023, its largest moves.
- Year by year, Enterprise Value stood at -$1.7 billion in 2022, then advanced by 16.95% to -$1.4 billion in 2023, then sank by 186.6% to -$4.1 billion in 2024, then advanced by 11.9% to -$3.6 billion in 2025, then increased by 8.03% to -$3.3 billion in 2026.
- Per Business Quant, the three latest FTNT Enterprise Value figures stand at -$3.3 billion (Q1 2026), -$3.6 billion (Q4 2025), and -$3.1 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,834.76 Bn | 2,710.32 Bn | 56.06 Bn | -124.44 Bn |
| 2 | PagSeguro Digital | 2,643.44 Bn | 2,643.44 Bn | 358.92 Mn | -331.99 Mn |
| 3 | Oracle | 345.72 Bn | 314.37 Bn | - | -31.35 Bn |
| 4 | Repay Holdings | 297.29 Bn | 297.14 Bn | - | -147.67 Mn |
| 5 | Palantir Technologies | 295.33 Bn | 287.41 Bn | 1.42 Bn | -7.92 Bn |
| 6 | Pagaya Technologies | 249.07 Bn | 249.08 Bn | 140.38 Mn | -247.97 Mn |
| 7 | Palo Alto Networks | 228.92 Bn | 224.38 Bn | 1.91 Bn | -4.54 Bn |
| 8 | CrowdStrike Holdings | 183.84 Bn | 180.79 Bn | 993.68 Mn | -3.06 Bn |
| 9 | Fortinet | 111.23 Bn | 107.94 Bn | 1.49 Bn | -3.29 Bn |
| 10 | Cloudflare | 92.51 Bn | 91.57 Bn | 455.60 Mn | -943.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -3.11 Bn |