Fortinet (FTNT) Equity Average (2011 - 2026)
Fortinet (FTNT) recorded quarterly Equity Average of $1.1 billion in Q1 2026, up 12.91% quarter-over-quarter from $986.3 million in Q4 2025, and down 35.57% on a YoY basis from $1.7 billion in Q1 2025.
Fortinet (FTNT) Equity Average (2011 - 2026) Analysis & Trends
Fortinet's Equity Average history runs 16 years deep, the most recent figure standing at $1.1 billion for Q1 2026.
- In Q1 2026, Equity Average fell 35.57% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $1.1 billion (down 35.57% YoY), while the FY2025 annual figure was $1.4 billion, up 165.07% from the prior year.
- Equity Average was $1.1 billion for Q1 2026 at Fortinet, up from $986.3 million in the prior quarter.
- In the past five years, Equity Average ranged from a high of $2.0 billion in Q2 2025 to a low of -$507.2 million in Q3 2022.
- Historically, Equity Average has averaged $489.1 million across 5 years, with a median of $197.6 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Equity Average tumbled 147.79% in 2022, then soared 2569.74% in 2025.
- A 5-year view of Equity Average shows it stood at -$458.2 million in 2022, then soared by 57.51% to -$194.6 million in 2023, then surged by 716.98% to $1.2 billion in 2024, then slipped by 17.87% to $986.3 million in 2025, then gained by 12.91% to $1.1 billion in 2026.
- The last three Equity Average figures came in at $1.1 billion (Q1 2026), $986.3 million (Q4 2025), and $1.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 263.58 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 39.54 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 7.92 Bn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 9.03 Bn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 4.22 Bn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 1.11 Bn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 29.44 Bn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 1.49 Bn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 4.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.11 Bn |
| Dec 31, 2025 | 986.30 Mn |
| Sep 30, 2025 | 1.40 Bn |
| Jun 30, 2025 | 2.01 Bn |
| Mar 31, 2025 | 1.73 Bn |
| Dec 31, 2024 | 1.20 Bn |
| Sep 30, 2024 | 598.15 Mn |
| Jun 30, 2024 | 75.35 Mn |
| Mar 31, 2024 | -300.45 Mn |
| Dec 31, 2023 | -194.65 Mn |
| Sep 30, 2023 | 197.65 Mn |
| Jun 30, 2023 | 166.30 Mn |
| Mar 31, 2023 | -135.10 Mn |
| Dec 31, 2022 | -458.15 Mn |
| Sep 30, 2022 | -507.15 Mn |
| Jun 30, 2022 | -73.20 Mn |
| Mar 31, 2022 | 507.45 Mn |
| Dec 31, 2021 | 958.65 Mn |
| Sep 30, 2021 | 1.09 Bn |
| Jun 30, 2021 | 1.02 Bn |