Fortinet (FTNT) Equity Ratio (2010 - 2026)

Fortinet (FTNT) recorded quarterly Equity Ratio of 0.1 in Q1 2026, down 15.93% quarter-over-quarter from 0.12 in Q4 2025, and down 46.91% on a YoY basis from 0.19 in Q1 2025.

Fortinet (FTNT) Equity Ratio (2010 - 2026) Analysis & Trends

Fortinet's Equity Ratio history runs 17 years deep, the most recent figure standing at 0.1 for Q1 2026.

  • In Q1 2026, Equity Ratio fell 46.91% year-over-year to 0.1; the TTM figure through Mar 2026 stood at 0.1 (down 46.91% YoY), while the FY2025 annual figure was 0.12, down 22.15% from the prior year.
  • Equity Ratio was 0.1 for Q1 2026 at Fortinet, down from 0.12 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.19 in Q2 2025 to a low of 0.12 in Q3 2022.
  • Historically, Equity Ratio has averaged 0.04 across 5 years, with a median of 0.04 in 2022.
  • The sharpest annual moves came in 2024 and 2025: Equity Ratio tumbled 1175.52% in 2024, then surged 1151.04% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.05 in 2022, then slumped by 41.19% to 0.06 in 2023, then surged by 339.67% to 0.15 in 2024, then fell by 22.15% to 0.12 in 2025, then decreased by 15.93% to 0.1 in 2026.
  • The last three Equity Ratio figures came in at 0.1 (Q1 2026), 0.12 (Q4 2025), and 0.08 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 0.60
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn -
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 0.16
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn 0.83
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn 0.38
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 0.40
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 0.10
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 0.65
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn 0.25
10 CoreWeave 51.85 Bn 49.58 Bn 2.01 Bn 0.09

Historic Data

Download Data
DateValue
Mar 31, 2026 0.10
Dec 31, 2025 0.12
Sep 30, 2025 0.08
Jun 30, 2025 0.19
Mar 31, 2025 0.19
Dec 31, 2024 0.15
Sep 30, 2024 0.10
Jun 30, 2024 0.04
Mar 31, 2024 -0.02
Dec 31, 2023 -0.06
Sep 30, 2023 0.01
Jun 30, 2023 0.04
Mar 31, 2023 0.00
Dec 31, 2022 -0.05
Sep 30, 2022 -0.12
Jun 30, 2022 -0.07
Mar 31, 2022 0.04
Dec 31, 2021 0.13
Sep 30, 2021 0.19
Jun 30, 2021 0.19