Fortinet, Inc.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Fortinet, Inc.'s yearly results (2022–2025), compared with Technology companies in United States. Tap ? on any ratio for what it means.
What stands out
- Steadiness Ratio: Sales and profit both grew in each of the last 3 years. Steadier than 93% of Technology companies in United States.
- Tangible Assets Ratio: Of every $100 the company owns, $97 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. More tangible than 85% of Technology companies in United States.
Where $100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
$143Over the last 3 years, every $100 of reported profit came with $143 of operating cash.
Lower than 64% of Technology companies in United States.
Self-Funding Ratio
7.2×Over the last 3 years its own operating cash covered its investment spending (capex) 7.2 times.
Higher than 72% of Technology companies in United States.
Cash Locked Ratio
$27For every $100 of sales, $27 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against $29 tied up three years earlier.
More money tied up than 59% of Technology companies in United States.
Growth quality
Steadiness Ratio
3/3 · 3/3Sales and profit both grew in each of the last 3 years.
Steadier than 93% of Technology companies in United States.
Growth Efficiency Ratio
$42Sales grew 54% in 3 years; of every extra $100 of sales, $42 became extra profit.
Higher than 67% of Technology companies in United States.
Asset Productivity Ratio
+54% / +67%In 3 years sales changed by +54% while total assets changed by +67%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
5.2×Debt due within a year is covered 5.2 times by its yearly operating cash.
Higher than 55% of Technology companies in United States.
Cash Cushion Ratio
+2%Cash, after subtracting all debt, equals 2% of its market value (net cash).
Higher than 56% of Technology companies in United States.
Tangible Assets Ratio
97%Of every $100 the company owns, $97 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 85% of Technology companies in United States.
Tangible Net Worth Ratio
71%Of every $100 of net worth, $71 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 65% of Technology companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Fortinet, Inc. owes $0.86 for every $1 it owns. Net profit rose 6% in the year to Dec 2025, and grew 29% a year on average over 3 years.
Compared with Technology companies in United States · latest annual results Dec 2025.
P/E ratio
63.6Investors pay $63.6 for every $1 of Fortinet, Inc.'s yearly profit, higher than 79% of Technology companies in United States.
P/B ratio
85.14The share price is 85.14 times Fortinet, Inc.'s book value per share, higher than almost all Technology companies in United States.
Market cap
$132.1 BThe total market value of all of Fortinet, Inc.'s shares at today's price (share price × number of shares), larger than 95% of Technology companies in United States. PosiCap size class: Tito Cap.
Net worth (book value)
$1.6 BWhat Fortinet, Inc. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$2.11Net worth divided by the number of shares. The share price of $179.99 is 85.1 times this, which is the P/B above.
Return on equity (ROE)
117.4%Fortinet, Inc. earned 117.4% on its shareholders' money over the last year, higher than 98% of Technology companies in United States.
Owes vs Owns
0.86×Fortinet, Inc. owes $0.86 for every $1 it owns (high), higher than 86% of Technology companies in United States.
Dividend yield
NoneFortinet, Inc. does not currently pay a dividend.
Revenue growth
+14%Revenue rose 14% in the year to Dec 2025, and grew 15% a year on average over 3 years.
Profit growth
+6%Net profit rose 6% in the year to Dec 2025, and grew 29% a year on average over 3 years.
Profit margin
27.3%Fortinet, Inc. keeps $27 of every $100 of revenue as net profit.
Cash quality
1.4×Cash from Fortinet, Inc.'s business was 1.4× its reported profit in the year to Dec 2025 — its profit turned into cash.
Interest cover
103.7×Fortinet, Inc.'s operating profit covered its interest costs 103.7 times in the year to Dec 2025.
Cash vs debt
Net cashFortinet, Inc. held $2.6 B more cash than debt (net cash) at Dec 2025.
Questions
What is Fortinet, Inc.'s P/E ratio?
Investors pay $63.6 for every $1 of Fortinet, Inc.'s yearly profit, higher than 79% of Technology companies in United States.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Fortinet, Inc.: $132.1 B ÷ $1.6 B (30 Jun 2026) = 85.1.
What is Fortinet, Inc.'s return on equity?
Fortinet, Inc. earned 117.4% on its shareholders' money over the last year, higher than 98% of Technology companies in United States.
How much does Fortinet, Inc. owe compared with what it owns?
Fortinet, Inc. owes $0.86 for every $1 it owns (high), higher than 86% of Technology companies in United States.
Does Fortinet, Inc. pay a dividend?
No. Fortinet, Inc. does not currently pay a dividend.
Is Fortinet, Inc.'s revenue growing?
Revenue rose 14% in the year to Dec 2025, and grew 15% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.