Fortinet (FTNT) Enterprise Value (2010 - 2026)
Fortinet's Enterprise Value came in at $108.63 billion for Q2 2026, up 42.2% from $76.38 billion a year earlier and up 91.6% from the prior quarter.
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Analysis
Fortinet (FTNT) Enterprise Value (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Fortinet reported Enterprise Value of $98.63 billion, up 54.4% year-over-year; for FY2025, it 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 Q2 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 28.1%.
- The fastest year-over-year change in Enterprise Value over five years came in Q3 2021 (growth of 155.7%), and the weakest in Q4 2022 (a decline of 35.4%).
- Business Quant data shows FTNT's Enterprise Value at $56.69 billion (Q1 2026), $55.42 billion (Q4 2025) and $59.34 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 262.30 Bn | 247.37 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 234.88 Bn | 215.28 Bn | 1.10 Bn |
| 3 | Fortinet | 126.31 Bn | 112.24 Bn | 1.64 Bn |
| 4 | Snowflake | 108.96 Bn | 96.28 Bn | 1.04 Bn |
| 5 | Datadog | 89.15 Bn | 70.79 Bn | 881.34 Mn |
| 6 | Zscaler | 33.30 Bn | 19.41 Bn | - |
| 7 | Okta | 32.97 Bn | 23.07 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.44 Bn | 26.97 Bn | 546.45 Mn |
| 9 | MongoDB | 27.30 Bn | 17.77 Bn | 569.77 Mn |
| 10 | F5 | 25.23 Bn | 19.64 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 44.66 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();