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
DateValue
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