Fortinet (FTNT) Interest Coverage Ratio (2021 - 2026)
Fortinet's (FTNT) Interest Coverage Ratio stood at 215.41 in Q2 2026, up 116.3% from 99.57 a year earlier and up 56.0% from the prior quarter.
Fortinet (FTNT) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
On a TTM basis, Fortinet's Interest Coverage Ratio came in at 135.68 as of Jun 30, 2026, up 34.5% year-over-year; for FY2025, it was 103.72, up 15.0% from FY2024.
- Annual Interest Coverage Ratio has increased for four straight years.
- Across earlier years, Interest Coverage Ratio came in at 90.17 in FY2024 (+52.6%), 59.10 in FY2023 (+9.7%), 53.87 in FY2022 (+23.4%) and 43.65 in FY2021.
- The Q2 2026 figure is the highest quarterly Interest Coverage Ratio in data going back to Q1 2021.
- On a year-over-year basis, Interest Coverage Ratio has increased for three consecutive quarters, with growth averaging 46.7% over the last eight quarters.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 116.3% in Q2 2026, against a decline of 64.1% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 138.10 (Q1 2026), 142.18 (Q4 2025) and 88.27 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.53 Bn | 240.60 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 230.03 Bn | 210.43 Bn | 1.10 Bn | -5.50 |
| 3 | Fortinet | 123.13 Bn | 109.06 Bn | 1.64 Bn | 215.41 |
| 4 | Snowflake | 107.35 Bn | 94.67 Bn | 1.04 Bn | -126.37 |
| 5 | Datadog | 87.69 Bn | 69.33 Bn | 881.34 Mn | 1.68 |
| 6 | Zscaler | 32.63 Bn | 18.74 Bn | - | - |
| 7 | Okta | 32.61 Bn | 22.70 Bn | 641.00 Mn | 5.63 |
| 8 | Axon Enterprise | 32.22 Bn | 26.75 Bn | 546.45 Mn | 1.66 |
| 9 | MongoDB | 26.93 Bn | 17.40 Bn | 569.77 Mn | 30.74 |
| 10 | F5 | 24.99 Bn | 19.40 Bn | 711.51 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 215.41 |
| Mar 31, 2026 | 138.10 |
| Dec 31, 2025 | 142.18 |
| Sep 30, 2025 | 88.27 |
| Jun 30, 2025 | 99.57 |
| Mar 31, 2025 | 92.61 |
| Dec 31, 2024 | 117.16 |
| Sep 30, 2024 | 94.18 |
| Jun 30, 2024 | 87.44 |
| Mar 31, 2024 | 62.98 |
| Dec 31, 2023 | 71.37 |
| Sep 30, 2023 | 56.15 |
| Jun 30, 2023 | 53.65 |
| Mar 31, 2023 | 54.70 |
| Dec 31, 2022 | 79.51 |
| Sep 30, 2022 | 59.00 |
| Jun 30, 2022 | 43.40 |
| Mar 31, 2022 | 33.56 |
| Dec 31, 2021 | 47.76 |
| Sep 30, 2021 | 36.17 |
Fortinet Interest Coverage Ratio 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=interest-coverage-ratio&ticker=FTNT&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();