Fortinet (FTNT) Enterprise Value (2010 - 2026)
Fortinet's Enterprise Value came in at $131.14 billion for Q3 2026, up 121.0% from $59.34 billion a year earlier and up 20.7% from the prior quarter.
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Analysis
Fortinet (FTNT) Enterprise Value (2010 - 2026) Analysis & Trends
For FY2025, Fortinet's Enterprise Value was $55.42 billion, down 19.0% from FY2024.
- Enterprise Value carries a five-year compound annual growth rate of 20.0% (FY2020 to FY2025).
- Going back by year, Enterprise Value was $68.4 billion in FY2024 (+62.4%), $42.12 billion in FY2023 (+16.9%), $36.02 billion in FY2022 (-35.4%) and $55.73 billion in FY2021 (+149.9%).
- The Q3 2026 figure represents the highest quarterly Enterprise Value in data going back to Q2 2010.
- Year-over-year, Enterprise Value increased in six of the last eight quarters, with growth averaging 39.3%.
- The fastest year-over-year change in Enterprise Value over five years came in Q4 2021 (growth of 149.9%), and the weakest in Q4 2022 (a decline of 35.4%).
- Business Quant data shows FTNT's Enterprise Value at $108.63 billion (Q2 2026), $56.69 billion (Q1 2026) and $55.42 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 239.80 Bn | 224.87 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 221.32 Bn | 201.72 Bn | 1.10 Bn |
| 3 | Snowflake | 95.32 Bn | 82.64 Bn | 1.04 Bn |
| 4 | Fortinet | 91.37 Bn | 75.63 Bn | 1.64 Bn |
| 5 | Datadog | 62.68 Bn | 43.23 Bn | 959.92 Mn |
| 6 | Axon Enterprise | 33.44 Bn | 27.96 Bn | 546.45 Mn |
| 7 | Zscaler | 33.36 Bn | 19.52 Bn | 689.22 Mn |
| 8 | Okta | 29.92 Bn | 20.01 Bn | 641.00 Mn |
| 9 | MongoDB | 24.20 Bn | 14.66 Bn | 569.77 Mn |
| 10 | Roku | 23.96 Bn | 13.98 Bn | 648.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 126.52 Bn |
| Jun 30, 2026 | 108.63 Bn |
| Mar 31, 2026 | 56.69 Bn |
| Dec 31, 2025 | 55.42 Bn |
| Sep 30, 2025 | 59.34 Bn |
| Jun 30, 2025 | 76.38 Bn |
| Mar 31, 2025 | 69.26 Bn |
| Dec 31, 2024 | 68.40 Bn |
| Sep 30, 2024 | 55.73 Bn |
| Jun 30, 2024 | 42.74 Bn |
| Mar 31, 2024 | 49.13 Bn |
| Dec 31, 2023 | 42.12 Bn |
| Sep 30, 2023 | 42.40 Bn |
| Jun 30, 2023 | 56.09 Bn |
| Mar 31, 2023 | 49.28 Bn |
| Dec 31, 2022 | 36.02 Bn |
| Sep 30, 2022 | 36.63 Bn |
| Jun 30, 2022 | 42.89 Bn |
| Mar 31, 2022 | 52.69 Bn |
| Dec 31, 2021 | 55.73 Bn |
API Access
Fortinet Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();