Fortinet (FTNT) Enterprise Value (2010 - 2026)
Fortinet (FTNT) posted Enterprise Value of $108.6 billion for Q2 2026, up 91.62% on a QoQ basis from $56.7 billion in Q1 2026, and up 42.22% year-over-year from $76.4 billion in Q2 2025.
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Analysis
Fortinet (FTNT) Enterprise Value (2010 - 2026) Analysis & Trends
Fortinet has reported Enterprise Value for 17 years, with the latest figure at $108.6 billion in Q2 2026.
- On a quarterly basis, Enterprise Value rose 42.22% year-over-year to $108.6 billion in Q2 2026; TTM through Jun 2026 was $108.6 billion, a 42.22% increase from a year earlier, with the FY2025 full-year figure at $55.4 billion, down 18.98% from the prior year.
- Enterprise Value was $108.6 billion for Q2 2026 at Fortinet, up from $56.7 billion in the prior quarter.
- The five-year high for Enterprise Value was $108.6 billion in Q2 2026, with the low at $36.0 billion in Q4 2022.
- Average Enterprise Value over 5 years is $55.5 billion, with a median of $54.1 billion recorded in 2022.
- The largest YoY upside for Enterprise Value was 93.88% in 2022 against a maximum downside of 35.36% in 2022.
- Over 5 years, Enterprise Value stood at $36.0 billion in 2022, then gained by 16.93% to $42.1 billion in 2023, then surged by 62.38% to $68.4 billion in 2024, then fell by 18.98% to $55.4 billion in 2025, then jumped by 96.01% to $108.6 billion in 2026.
- The last three Enterprise Value figures came in at $108.6 billion (Q2 2026), $56.7 billion (Q1 2026), and $55.4 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 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();