Fortinet (FTNT) Return on Assets [ROA] (2011 - 2026)
Fortinet (FTNT) posted Return on Assets [ROA] of 20.01% for Q3 2026, up 1.32 percentage points from 18.69% a year earlier but down 0.43 percentage points from the prior quarter.
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Analysis
Fortinet (FTNT) Return on Assets [ROA] (2011 - 2026) Analysis & Trends
For FY2025, Fortinet's Return on Assets [ROA] came in at 18.29%, down 2.21 percentage points from FY2024.
- Annual Return on Assets [ROA] shows a five-year change of +5.96 percentage points (FY2020 to FY2025).
- In prior years, Fortinet's Return on Assets [ROA] was 20.51% in FY2024 (+3.48 pp), 17.02% in FY2023 (+2.92 pp), 14.10% in FY2022 (+1.93 pp) and 12.18% in FY2021 (-0.15 pp).
- Quarterly Return on Assets [ROA] has run from a low of 10.21% in Q4 2021 to a high of 20.44% in Q2 2026 over five years.
- On a year-over-year basis, Return on Assets [ROA] has increased in each of the last three quarters, with an average year-over-year change of +1.42 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Assets [ROA] in the past five years was Q4 2022, with a gain of 4.61 percentage points; the weakest was Q4 2021, with a drop of 2.60 percentage points.
- According to Business Quant data, Return on Assets [ROA] for the three prior quarters was 20.44% (Q2 2026), 19.29% (Q1 2026) and 18.66% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 240.91 Bn | 225.98 Bn | 2.30 Bn | 0.65% |
| 2 | CrowdStrike Holdings | 221.11 Bn | 201.51 Bn | 1.10 Bn | 0.68% |
| 3 | Snowflake | 95.52 Bn | 82.84 Bn | 1.04 Bn | -12.62% |
| 4 | Fortinet | 91.64 Bn | 75.90 Bn | 1.64 Bn | 20.01% |
| 5 | Datadog | 62.51 Bn | 43.06 Bn | 959.92 Mn | 3.40% |
| 6 | Zscaler | 33.52 Bn | 19.68 Bn | 689.22 Mn | -0.84% |
| 7 | Axon Enterprise | 33.24 Bn | 27.77 Bn | 546.45 Mn | 2.74% |
| 8 | Okta | 30.06 Bn | 20.16 Bn | 641.00 Mn | 3.20% |
| 9 | MongoDB | 24.25 Bn | 14.72 Bn | 569.77 Mn | 1.57% |
| 10 | Roku | 23.92 Bn | 13.95 Bn | 648.52 Mn | 10.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.01% |
| Jun 30, 2026 | 20.44% |
| Mar 31, 2026 | 19.29% |
| Dec 31, 2025 | 18.66% |
| Sep 30, 2025 | 18.69% |
| Jun 30, 2025 | 18.43% |
| Mar 31, 2025 | 18.76% |
| Dec 31, 2024 | 19.07% |
| Sep 30, 2024 | 18.38% |
| Jun 30, 2024 | 16.95% |
| Mar 31, 2024 | 16.17% |
| Dec 31, 2023 | 15.58% |
| Sep 30, 2023 | 15.38% |
| Jun 30, 2023 | 14.79% |
| Mar 31, 2023 | 14.79% |
| Dec 31, 2022 | 14.82% |
| Sep 30, 2022 | 13.95% |
| Jun 30, 2022 | 12.31% |
| Mar 31, 2022 | 11.02% |
| Dec 31, 2021 | 10.21% |
API Access
Fortinet Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();