Fortinet Inc
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers secure networking solutions that focus on the convergence of networking and security; network firewall solutions, which consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless local area network solutions; and secure… Read more
Market Cap & Net Worth: Fortinet Inc (FTNT)
Fortinet Inc (NASDAQ:FTNT) has a market capitalization of $62.83 Billion ($62.83 Billion) as of March 18, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #412 globally and #327 in its home market, demonstrating a 0.98% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying Fortinet Inc's stock price $84.49 by its total outstanding shares 743648102 (743.65 Million).
Fortinet Inc Market Cap History: 2015 to 2026
Fortinet Inc's market capitalization history from 2015 to 2026. Data shows growth from $4.64 Billion to $62.83 Billion (24.35% CAGR).
Index Memberships
Fortinet Inc is a constituent of 4 market indices:
| Index | Total Market Cap | Weight (%) | Rank by Market Cap |
|---|---|---|---|
|
S&P 500 Index
GSPC
|
$53.10 Trillion | 0.14% | #186 of 503 |
|
NASDAQ Composite
IXIC
|
$33.26 Trillion | 0.16% | #66 of 3165 |
|
Nasdaq 100
NDX
|
$27.96 Trillion | 0.19% | #59 of 101 |
|
NASDAQ 100 Technology Sector
NDXT
|
$19.79 Trillion | 0.27% | #27 of 45 |
Weight: Fortinet Inc's market cap as a percentage of total index value. Rank: Position among all constituents by market cap.
Fortinet Inc Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how Fortinet Inc's valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
8.68x
Fortinet Inc's market cap is 8.68 times its annual revenue
24.41x
Lower than industry averageLatest Price to Earnings (P/E) Ratio
31.86x
Fortinet Inc's market cap is 31.86 times its annual earnings
17.83x
Higher than industry averageWhat These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2016 | $4.48 Billion | $1.28 Billion | $32.20 Million | 3.51x | 139.12x |
| 2017 | $6.50 Billion | $1.49 Billion | $31.40 Million | 4.35x | 206.94x |
| 2018 | $10.48 Billion | $1.80 Billion | $334.90 Million | 5.80x | 31.28x |
| 2019 | $15.88 Billion | $2.16 Billion | $331.70 Million | 7.34x | 47.87x |
| 2020 | $22.09 Billion | $2.59 Billion | $488.50 Million | 8.51x | 45.22x |
| 2021 | $53.45 Billion | $3.34 Billion | $606.80 Million | 15.99x | 88.09x |
| 2022 | $36.36 Billion | $4.42 Billion | $857.30 Million | 8.23x | 42.41x |
| 2023 | $43.53 Billion | $5.30 Billion | $1.15 Billion | 8.20x | 37.92x |
| 2024 | $70.26 Billion | $5.96 Billion | $1.75 Billion | 11.80x | 40.26x |
| 2025 | $59.05 Billion | $6.80 Billion | $1.85 Billion | 8.68x | 31.86x |
Competitor Companies of FTNT by Market Capitalization
Companies near Fortinet Inc in the global market cap rankings as of March 18, 2026.
Key companies related to Fortinet Inc by market ranking:
- Microsoft Corporation (NASDAQ:MSFT): Ranked #6 globally with a market cap of $2.97 Trillion USD.
- Palantir Technologies Inc. Class A Common Stock (NYSE:PLTR): Ranked #40 globally with a market cap of $324.25 Billion USD.
- Palantir Technologies Inc. (NASDAQ:PLTR): Ranked #41 globally with a market cap of $321.50 Billion USD.
- Oracle Corporation (NYSE:ORCL): Ranked #54 globally with a market cap of $266.15 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #6 | Microsoft Corporation | NASDAQ:MSFT | $2.97 Trillion | $399.95 |
| #40 | Palantir Technologies Inc. Class A Common Stock | NYSE:PLTR | $324.25 Billion | $178.15 |
| #41 | Palantir Technologies Inc. | NASDAQ:PLTR | $321.50 Billion | $152.72 |
| #54 | Oracle Corporation | NYSE:ORCL | $266.15 Billion | $155.97 |
Fortinet Inc Historical Marketcap From 2015 to 2026
Between 2015 and today, Fortinet Inc's market cap moved from $4.64 Billion to $ 62.83 Billion, with a yearly change of 24.35%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $62.83 Billion | +6.40% |
| 2025 | $59.05 Billion | -15.95% |
| 2024 | $70.26 Billion | +61.42% |
| 2023 | $43.53 Billion | +19.72% |
| 2022 | $36.36 Billion | -31.98% |
| 2021 | $53.45 Billion | +141.97% |
| 2020 | $22.09 Billion | +39.13% |
| 2019 | $15.88 Billion | +51.58% |
| 2018 | $10.48 Billion | +61.20% |
| 2017 | $6.50 Billion | +45.05% |
| 2016 | $4.48 Billion | -3.37% |
| 2015 | $4.64 Billion | -- |
End of Day Market Cap According to Different Sources
On Mar 17th, 2026 the market cap of Fortinet Inc was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $62.83 Billion USD |
| MoneyControl | $62.83 Billion USD |
| MarketWatch | $62.83 Billion USD |
| marketcap.company | $62.83 Billion USD |
| Reuters | $62.83 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.