Fortinet (FTNT) Enterprise Value (2010 - 2026)
Fortinet (FTNT) posted quarterly Enterprise Value of -$4.1 billion for Q2 2026, up 10.81% year-over-year from -$3.7 billion in Q2 2025, and down 23.51% quarter-over-quarter from -$3.3 billion in Q1 2026.
Analysis
Fortinet (FTNT) Enterprise Value (2010 - 2026) Analysis & Trends
Fortinet's Enterprise Value history runs 17 years deep, the most recent figure standing at -$4.1 billion for Q2 2026.
- In Q2 2026, Enterprise Value rose 10.81% year-over-year to -$4.1 billion; the TTM figure through Jun 2026 stood at -$4.1 billion (up 10.81% YoY), while the FY2025 annual figure was -$3.6 billion, up 11.9% from the prior year.
- Enterprise Value for Q2 2026 stood at -$4.1 billion, down from -$3.3 billion in the prior quarter.
- The five-year high for Enterprise Value was -$1.7 billion in Q3 2022, with the low at -$4.8 billion in Q1 2025.
- The 5-year median for Enterprise Value is -$3.2 billion (2023), against an average of -$3.2 billion.
- The sharpest annual moves came in 2022 and 2023: Enterprise Value surged 44.84% in 2022, then tumbled 91.66% in 2023.
- Fortinet's Enterprise Value stood at -$2.2 billion in 2022, then retreated by 10.7% to -$2.4 billion in 2023, then tumbled by 68.08% to -$4.1 billion in 2024, then gained by 11.9% to -$3.6 billion in 2025, then declined by 13.6% to -$4.1 billion in 2026.
- Business Quant data shows FTNT's Enterprise Value at -$4.1 billion in Q2 2026, -$3.3 billion in Q1 2026, and -$3.6 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn |
| 10 | CoreWeave | 49.23 Bn | 43.69 Bn | 1.70 Bn |
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 |