Fortinet, Inc. (FTNT) is the 14th largest of 362 Infrastructure Software companies by market capitalisation, at 131.07 Bn, behind ServiceNow at 142.50 Bn. It trades on a P/E of 61.81, 135% above the peer median of 26.30. The table below compares all 362 on 7 financial metrics, including companies with a secondary business in the group.
| # | Symbol | Company | Industry | Mkt Cap | Price | Chg % | 1Y | P/E | P/S | Enterprise Value |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA 2nd | Nvidia | AI Platforms | 5.41 Tn | 224.58 | -0.41% | +26.90% | 28.29 | 17.94 | 5.37 Tn |
| 2 | MSFT 2nd | Microsoft | Operating Systems | 3.70 Tn | 497.93 | -0.53% | -2.40% | 28.37 | 11.20 | 3.59 Tn |
| 3 | AVGO 2nd | Broadcom | Cybersecurity Software | 1.67 Tn | 350.36 | -1.30% | +3.26% | 43.70 | 19.02 | 1.67 Tn |
| 4 | MA 2nd | Mastercard | Cybersecurity Software | 492.74 Bn | 565.91 | +1.03% | -0.51% | 30.39 | 13.90 | 474.20 Bn |
| 5 | PLTR 2nd | Palantir Technologies | AI Platforms | 462.77 Bn | 192.59 | +0.42% | +7.26% | 151.87 | 74.86 | 451.55 Bn |
| 6 | CSCO 2nd | Cisco Systems | Cybersecurity Software | 422.10 Bn | 106.97 | +0.51% | +58.90% | 31.71 | 6.63 | 404.45 Bn |
| 7 | ORCL 2nd | Oracle | Data Infrastructure | 421.91 Bn | 139.52 | -3.47% | -54.77% | 24.96 | 6.09 | 400.44 Bn |
| 8 | PANW | Palo Alto Networks | Cybersecurity Software | 317.78 Bn | 389.92 | -0.86% | +94.28% | 959.55 | 27.92 | 317.47 Bn |
| 9 | CRWD | CrowdStrike Holdings | Cybersecurity Software | 265.89 Bn | 259.67 | -1.07% | +118.06% | 3,397.99 | 49.81 | 263.80 Bn |
| 10 | ANET 2nd | Arista Networks | IT Operations Software | 259.35 Bn | 205.64 | +1.07% | +44.17% | 63.39 | 24.35 | 243.27 Bn |
| 11 | IBM 2nd | International Business Machines | AI Platforms | 213.88 Bn | 227.02 | -2.50% | -15.14% | 20.44 | 3.17 | 208.10 Bn |
| 12 | CRM 2nd | Salesforce | AI Platforms | 196.20 Bn | 238.40 | +0.35% | -3.05% | 20.13 | 4.45 | 184.12 Bn |
| 13 | NOW 2nd | ServiceNow | IT Operations Software | 142.50 Bn | 137.81 | -2.14% | -26.17% | 86.97 | 9.88 | 140.94 Bn |
| 14 | FTNT | Fortinet | Cybersecurity Software | 131.07 Bn | 178.67 | -0.04% | +113.72% | 61.81 | 17.42 | 127.05 Bn |
| 15 | SNOW | Snowflake | Data Infrastructure | 117.69 Bn | 333.91 | -0.28% | +50.02% | -107.44 | 21.72 | 115.67 Bn |
| 16 | NET 2nd | Cloudflare | Cybersecurity Software | 115.65 Bn | 358.95 | +1.93% | +64.98% | -604.96 | 45.16 | 109.29 Bn |
| 17 | ADBE 2nd | Adobe | AI Platforms | 93.42 Bn | 238.93 | -0.73% | -32.37% | 13.05 | 3.62 | 88.47 Bn |
| 18 | DDOG | Datadog | IT Operations Software | 92.22 Bn | 256.92 | +2.16% | +88.12% | 504.52 | 22.76 | 85.29 Bn |
| 19 | GD 2nd | General Dynamics | Cybersecurity Software | 91.02 Bn | 336.42 | -2.02% | +3.96% | 20.67 | 1.69 | 88.56 Bn |
| 20 | SLB 2nd | Slb | AI Platforms | 76.34 Bn | 51.44 | -0.83% | +48.63% | 26.30 | 2.74 | 74.09 Bn |
| 21 | MSI 2nd | Motorola Solutions | Cybersecurity Software | 75.30 Bn | 454.98 | -1.25% | -0.03% | 35.70 | 6.23 | 75.56 Bn |
| 22 | NBIS 2nd | Nebius | AI Platforms | 61.60 Bn | 243.48 | +7.44% | +115.03% | -214.70 | 42.31 | 49.30 Bn |
| 23 | ALL 2nd | Allstate | Computer Vision | 57.69 Bn | 227.12 | +0.66% | +8.46% | 4.38 | 0.82 | 18.56 Bn |
| 24 | TEAM 2nd | Atlassian | IT Operations Software | 50.11 Bn | 192.61 | -1.27% | +17.57% | -943.58 | 7.72 | 49.51 Bn |
| 25 | CRWV 2nd | CoreWeave | AI Platforms | 49.66 Bn | 90.13 | +3.72% | -32.44% | -24.83 | 6.31 | 42.34 Bn |
Fortinet, Inc. (FTNT) is compared with 362 US-listed companies in the Infrastructure Software industry group, of which 147 have it as their primary business and 215 run a substantial Infrastructure Software business alongside something else.
Peers are every company that BQ-MICS, our own multi-industry classification system, places in the same industry group as Fortinet, Inc.. Unlike a single-label scheme, BQ-MICS assigns each company a primary industry and any secondary industries it genuinely operates in, and records the reasoning behind every assignment. Tap the info icon beside any ticker to read it.
It marks a secondary match: the company operates a real business in this industry group, but it is not its largest. Tick "Primary business only" above the table to compare against pure plays alone.
Prices, market caps and valuation figures refresh with each session's close. The classification itself is reviewed whenever a company's filings change what it does, such as a new segment, a disposal or an acquisition.
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Pull Fortinet, Inc.'s industry peers, with any metrics you choose plus the industry median and average, in one call with the Business Quant Peers API. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/peers?ticker=FTNT&cols=Revenue%20(Quarter),Net%20Income%20(Quarter)&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/peers"
params = {"ticker": "FTNT", "cols": "Revenue (Quarter),Net Income (Quarter)", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/peers?ticker=FTNT&cols=Revenue%20(Quarter),Net%20Income%20(Quarter)&api_key=YOUR_API_KEY");
const data = await res.json();