Fortinet, Inc. (FTNT) Stock Analysis
Last updated Sep 8, 2026
Health Check
Last analyzed Sep 7, 2026
- Financial Health 75
- Profitability 90
- Business Quality 100
- Balance Sheet 65
- Cash Flow 80
Why this rating?
Health 86/100 — Elite Quality
Worth tracking, but timing is mixed — not a clear setup yet.
Company overview
Fortinet, Inc. (FTNT) is a Software - Infrastructure company in the Technology sector. Compound Radar rates Fortinet, Inc. 86/100 (Elite Quality) due to high business quality, strong revenue growth, and manageable leverage.
Investment profile
- Quality High
- Growth Strong
- Balance Sheet Adequate
- Valuation Elevated
Financial highlights
Valuation
- P/E 55.64
- Forward P/E 41.76
- PEG 1.71
- EV/Revenue 14.77
Profitability
- Revenue Growth 25.6%
- Gross Margin 80.2%
- Operating Margin 33.6%
- Net Margin 28.2%
- ROE 117.4%
Financial strength
- Cash $4.07B
- Debt $561.40M
- Net Cash $3.51B
- Free Cash Flow $2.23B
- Current Ratio 1.28
Similar companies
Peers in Software - Infrastructure, ranked by Financial Health.
Latest quoted price for the name. Helps anchor the setup in today’s market level.
Health Entry- Palantir Technologies Inc. Software - Infrastructure PLTR$170.30 91 Health 91 / 100
Strong business quality across profitability, growth, balance sheet, and cash flow.
Watch WatchWorth tracking, but timing is mixed — not a clear setup yet.
- Microsoft Corporation Software - Infrastructure MSFT$493.95 84 Health 84 / 100
Strong business quality across profitability, growth, balance sheet, and cash flow.
Watch WatchWorth tracking, but timing is mixed — not a clear setup yet.
- Zeta Global Holdings Corp. Software - Infrastructure ZETA$30.79 83 Health 83 / 100
Strong business quality across profitability, growth, balance sheet, and cash flow.
Wait WaitEntry timing is weak right now. Quality may be fine; the setup is not.
- Remitly Global, Inc. Software - Infrastructure RELY$24.83 81 Health 81 / 100
Strong business quality across profitability, growth, balance sheet, and cash flow.
Watch WatchWorth tracking, but timing is mixed — not a clear setup yet.
- NetApp, Inc. Software - Infrastructure NTAP$189.13 80 Health 80 / 100
Strong business quality across profitability, growth, balance sheet, and cash flow.
Watch WatchWorth tracking, but timing is mixed — not a clear setup yet.
- Nutanix, Inc. Software - Infrastructure NTNX$67.49 78 Health 78 / 100
Strong business quality across profitability, growth, balance sheet, and cash flow.
Watch WatchWorth tracking, but timing is mixed — not a clear setup yet.
- Qualys, Inc. Software - Infrastructure QLYS$170.32 78 Health 78 / 100
Strong business quality across profitability, growth, balance sheet, and cash flow.
Watch WatchWorth tracking, but timing is mixed — not a clear setup yet.
- Paymentus Holdings, Inc. Software - Infrastructure PAY$35.65 78 Health 78 / 100
Strong business quality across profitability, growth, balance sheet, and cash flow.
Watch WatchWorth tracking, but timing is mixed — not a clear setup yet.
FAQ
How Compound Radar scores and tracks Fortinet, Inc. (FTNT).