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
DateValue
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