Fortinet (FTNT) Return on Capital Employed (2011 - 2026)
Fortinet (FTNT) posted quarterly Return on Capital Employed of 44.16% for Q2 2026, up 1011.0% year-over-year from 3.97% in Q2 2025, and up 10.11% quarter-over-quarter from 40.1% in Q1 2026.
Fortinet (FTNT) Return on Capital Employed (2011 - 2026) Analysis & Trends
Fortinet's Return on Capital Employed history runs 16 years deep, the most recent figure standing at 44.16% for Q2 2026.
- In Q2 2026, Return on Capital Employed rose 1011.0% year-over-year to 44.16%; the TTM figure through Jun 2026 stood at 44.16% (up 1011.0% YoY), while the FY2025 annual figure was 41.35%, up 82.0% from the prior year.
- Return on Capital Employed for Q2 2026 stood at 44.16%, up from 40.1% in the prior quarter.
- The five-year high for Return on Capital Employed was 44.16% in Q2 2026, with the low at 20.76% in Q1 2022.
- The 5-year median for Return on Capital Employed is 34.69% (2024), against an average of 34.58%.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed surged 1793 bps in 2022, then tumbled 186 bps in 2023.
- Fortinet's Return on Capital Employed stood at 35.86% in 2022, then slipped by 5 bps to 34.0% in 2023, then gained by 1 bps to 34.37% in 2024, then rose by 25 bps to 43.06% in 2025, then rose by 3 bps to 44.16% in 2026.
- Business Quant data shows FTNT's Return on Capital Employed at 44.16% in Q2 2026, 40.1% in Q1 2026, and 43.06% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 27.85% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 9.73% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 28.02% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 3.83% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 44.16% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -9.60% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.98% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -0.51% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 4.02% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 26.42% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.16% |
| Mar 31, 2026 | 40.10% |
| Dec 31, 2025 | 43.06% |
| Sep 30, 2025 | 38.99% |
| Jun 30, 2025 | 34.05% |
| Mar 31, 2025 | 36.14% |
| Dec 31, 2024 | 34.37% |
| Sep 30, 2024 | 35.34% |
| Jun 30, 2024 | 35.02% |
| Mar 31, 2024 | 35.21% |
| Dec 31, 2023 | 34.00% |
| Sep 30, 2023 | 31.65% |
| Jun 30, 2023 | 32.14% |
| Mar 31, 2023 | 33.41% |
| Dec 31, 2022 | 35.86% |
| Sep 30, 2022 | 32.60% |
| Jun 30, 2022 | 25.64% |
| Mar 31, 2022 | 20.76% |
| Dec 31, 2021 | 17.93% |
| Sep 30, 2021 | 16.96% |