Fortinet Inc (NASDAQ:FTNT) — Market Cap & Net Worth
Market Cap & Net Worth: Fortinet Inc (FTNT)
Fortinet Inc (NASDAQ:FTNT) has a market capitalization of $116.55 Billion ($116.55 Billion) as of September 17, 2026. Listed on the NASDAQ stock exchange, this USA-based company holds position #212 globally and #114 in its home market, demonstrating a 9.08% 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 $171.77 by its total outstanding shares 733713653 (733.71 Million). Also see balance sheet size of Fortinet Inc for a full breakdown of the balance sheet.
Fortinet Inc Market Cap History: 2015 to 2026
Fortinet Inc's market capitalization history from 2015 to 2026. Data shows growth from $4.57 Billion to $126.03 Billion (31.37% CAGR). Also see cash efficiency ratio of Fortinet Inc for how efficiently the company converts equity into cash flow.
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
|
$62.72 Trillion | 0.14% | #91 of 503 |
|
NASDAQ Composite
IXIC
|
$41.69 Trillion | 0.28% | #39 of 3165 |
|
Nasdaq 100
NDX
|
$35.03 Trillion | 0.33% | #36 of 101 |
|
NASDAQ 100 Technology Sector
NDXT
|
$26.06 Trillion | 0.45% | #21 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. Check Fortinet Inc stock price for real-time trading data and today's change.
Latest Price to Sales (P/S) Ratio
8.57x
Fortinet Inc's market cap is 8.57 times its annual revenue
Latest Price to Earnings (P/E) Ratio
31.44x
Fortinet Inc's market cap is 31.44 times its annual earnings
What 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 | $4.42 Billion | $1.28 Billion | $32.20 Million | 3.47x | 137.26x |
| 2017 | $6.41 Billion | $1.49 Billion | $31.40 Million | 4.29x | 204.18x |
| 2018 | $10.34 Billion | $1.80 Billion | $334.90 Million | 5.73x | 30.86x |
| 2019 | $15.67 Billion | $2.16 Billion | $331.70 Million | 7.24x | 47.23x |
| 2020 | $21.80 Billion | $2.59 Billion | $488.50 Million | 8.40x | 44.62x |
| 2021 | $52.74 Billion | $3.34 Billion | $606.80 Million | 15.78x | 86.91x |
| 2022 | $35.87 Billion | $4.42 Billion | $857.30 Million | 8.12x | 41.84x |
| 2023 | $42.94 Billion | $5.30 Billion | $1.15 Billion | 8.10x | 37.41x |
| 2024 | $69.32 Billion | $5.96 Billion | $1.75 Billion | 11.64x | 39.72x |
| 2025 | $58.26 Billion | $6.80 Billion | $1.85 Billion | 8.57x | 31.44x |
Competitor Companies of FTNT by Market Capitalization
Companies near Fortinet Inc in the global market cap rankings as of September 17, 2026. Review FTNT intangible-adjusted equity ratio to assess the quality of the company's equity after excluding intangible assets.
Key companies related to Fortinet Inc by market ranking:
- Microsoft Corporation (NASDAQ:MSFT): Ranked #3 globally with a market cap of $3.64 Trillion USD.
- Oracle Corporation (NYSE:ORCL): Ranked #36 globally with a market cap of $411.73 Billion USD.
- Synopsys Inc (NASDAQ:SNPS): Ranked #385 globally with a market cap of $72.50 Billion USD.
- Palantir Technologies Inc. (NASDAQ:PLTR): Ranked #37 globally with a market cap of $401.11 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #3 | Microsoft Corporation | NASDAQ:MSFT | $3.64 Trillion | $490.30 |
| #36 | Oracle Corporation | NYSE:ORCL | $411.73 Billion | $143.16 |
| #385 | Synopsys Inc | NASDAQ:SNPS | $72.50 Billion | $378.47 |
| #37 | Palantir Technologies Inc. | NASDAQ:PLTR | $401.11 Billion | $174.34 |
Fortinet Inc Historical Marketcap From 2015 to 2026
Between 2015 and today, Fortinet Inc's market cap moved from $4.57 Billion to $ 126.03 Billion, with a yearly change of 31.37%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $126.03 Billion | +116.31% |
| 2025 | $58.26 Billion | -15.95% |
| 2024 | $69.32 Billion | +61.42% |
| 2023 | $42.94 Billion | +19.72% |
| 2022 | $35.87 Billion | -31.98% |
| 2021 | $52.74 Billion | +141.97% |
| 2020 | $21.80 Billion | +39.13% |
| 2019 | $15.67 Billion | +51.58% |
| 2018 | $10.34 Billion | +61.20% |
| 2017 | $6.41 Billion | +45.05% |
| 2016 | $4.42 Billion | -3.37% |
| 2015 | $4.57 Billion | -- |
End of Day Market Cap According to Different Sources
On Sep 17th, 2026 the market cap of Fortinet Inc was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $116.55 Billion USD |
| MoneyControl | $116.55 Billion USD |
| MarketWatch | $116.55 Billion USD |
| marketcap.company | $116.55 Billion USD |
| Reuters | $116.55 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About Fortinet Inc
Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense ac… Read more