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.
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Analysis
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 Set
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
Download Data
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 |
API Access
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_KEYimport 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();