Fortinet (FTNT) EV to EBIT (2011 - 2026)
Fortinet's (FTNT) EV to EBIT came in at 44.48 for Q2 2026, up 14.0% from 39.03 a year earlier and up 73.5% from the prior quarter.
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Analysis
Fortinet (FTNT) EV to EBIT (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EV to EBIT at Fortinet was 40.38, up 23.7% year-over-year; for FY2025, it was 26.58, down 29.9% from FY2024.
- In prior years, Fortinet's EV to EBIT was 37.93 in FY2024 (+11.8%), 33.94 in FY2023 (-8.6%), 37.15 in FY2022 (-56.6%) and 85.68 in FY2021 (+104.3%).
- The Q2 2026 figure stands as the highest quarterly EV to EBIT since Q2 2023.
- On a year-over-year basis, EV to EBIT increased in three of the last eight quarters, with an average decline of 2.9%.
- The strongest year-over-year quarter for EV to EBIT in the past five years was Q3 2021, with growth of 104.8%; the weakest was Q4 2022, with a decline of 56.6%.
- According to Business Quant data, EV to EBIT for the three prior quarters was 25.64 (Q1 2026), 26.58 (Q4 2025) and 29.19 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.96 Bn | 241.04 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 231.81 Bn | 212.21 Bn | 1.10 Bn |
| 3 | Fortinet | 123.04 Bn | 108.97 Bn | 1.64 Bn |
| 4 | Snowflake | 108.21 Bn | 95.53 Bn | 1.04 Bn |
| 5 | Datadog | 88.10 Bn | 69.75 Bn | 881.34 Mn |
| 6 | Okta | 32.88 Bn | 22.97 Bn | 641.00 Mn |
| 7 | Zscaler | 32.85 Bn | 18.97 Bn | - |
| 8 | Axon Enterprise | 32.23 Bn | 26.75 Bn | 546.45 Mn |
| 9 | MongoDB | 27.06 Bn | 17.53 Bn | 569.77 Mn |
| 10 | F5 | 25.10 Bn | 19.51 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.48 |
| Mar 31, 2026 | 25.64 |
| Dec 31, 2025 | 26.58 |
| Sep 30, 2025 | 29.19 |
| Jun 30, 2025 | 39.03 |
| Mar 31, 2025 | 35.78 |
| Dec 31, 2024 | 37.93 |
| Sep 30, 2024 | 34.51 |
| Jun 30, 2024 | 29.54 |
| Mar 31, 2024 | 38.12 |
| Dec 31, 2023 | 33.94 |
| Sep 30, 2023 | 34.94 |
| Jun 30, 2023 | 47.71 |
| Mar 31, 2023 | 45.12 |
| Dec 31, 2022 | 37.15 |
| Sep 30, 2022 | 44.31 |
| Jun 30, 2022 | 58.95 |
| Mar 31, 2022 | 77.51 |
| Dec 31, 2021 | 85.68 |
| Sep 30, 2021 | 73.83 |
API Access
Fortinet EV to EBIT 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=ev-to-ebit&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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=ev-to-ebit&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();