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 | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | -124.44 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -331.99 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | -31.35 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | -147.67 Mn |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | -7.92 Bn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | -4.54 Bn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | -3.06 Bn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | -3.29 Bn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -943.18 Mn |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | -2.20 Bn |
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 |