Fortinet Inc (FTNT) - Net Assets
Based on the latest financial reports, Fortinet Inc (FTNT) has net assets worth $1.55 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.86 Billion) and total liabilities ($9.31 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is Fortinet Inc's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.55 Billion |
| % of Total Assets | 14.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | 55.0% |
| 10-Year Change | 47.73% |
| Growth Volatility | 50.6 |
Fortinet Inc - Net Assets Trend (2007–2025)
This chart illustrates how Fortinet Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Fortinet Inc.
Annual Net Assets for Fortinet Inc (2007–2025)
The table below shows the annual net assets of Fortinet Inc from 2007 to 2025. Also explore FTNT net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.24 Billion | -17.16% |
| 2024-12-31 | $1.49 Billion | +422.36% |
| 2023-12-31 | $-463.40 Million | -64.56% |
| 2022-12-31 | $-281.60 Million | -135.27% |
| 2021-12-31 | $798.40 Million | -6.73% |
| 2020-12-31 | $856.00 Million | -36.23% |
| 2019-12-31 | $1.34 Billion | +32.88% |
| 2018-12-31 | $1.01 Billion | +71.39% |
| 2017-12-31 | $589.40 Million | -29.64% |
| 2016-12-31 | $837.68 Million | +10.90% |
| 2015-12-31 | $755.38 Million | +11.75% |
| 2014-12-31 | $675.97 Million | +15.40% |
| 2013-12-31 | $585.76 Million | +14.64% |
| 2012-12-31 | $510.93 Million | +42.58% |
| 2011-12-31 | $358.35 Million | +54.16% |
| 2010-12-31 | $232.45 Million | +63.18% |
| 2009-12-31 | $142.45 Million | +2824.27% |
| 2008-12-31 | $-5.23 Million | +72.37% |
| 2007-12-31 | $-18.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fortinet Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 38038600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $700.00K | 0.06% |
| Other Comprehensive Income | $-25.40 Million | -2.05% |
| Other Components | $1.77 Billion | 143.04% |
| Total Equity | $1.24 Billion | 100.00% |
Fortinet Inc Competitors by Market Cap
The table below lists competitors of Fortinet Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Safran SA
PA:SAF
|
$116.99 Billion |
|
HITACHI LTD ADR/10
F:HIAA
|
$119.08 Billion |
|
BP PLC ADR
NYSE:BP
|
$119.34 Billion |
|
FAST RETAIL.CO.SP.HDR 1
F:FR7H
|
$119.82 Billion |
|
Banco Bilbao Vizcaya Argentaria SA
MC:BBVA
|
$115.90 Billion |
|
Parker-Hannifin Corporation
NYSE:PH
|
$115.84 Billion |
|
Snowflake Inc.
NYSE:SNOW
|
$114.55 Billion |
|
Bank of Nova Scotia
TO:BNS
|
$114.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortinet Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,493,800,000 to 1,237,500,000, a change of -256,300,000 (-17.2%).
- Net income of 1,853,400,000 contributed positively to equity growth.
- Share repurchases of 2,289,800,000 reduced equity.
- New share issuances of 44,700,000 increased equity.
- Other comprehensive income increased equity by 700,001.
- Other factors increased equity by 134,699,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.85 Billion | +149.77% |
| Share Repurchases | $2.29 Billion | -185.03% |
| Share Issuances | $44.70 Million | +3.61% |
| Other Comprehensive Income | $700.00K | +0.06% |
| Other Changes | $134.70 Million | +10.88% |
| Total Change | $- | -17.16% |
Book Value vs Market Value Analysis
This analysis compares Fortinet Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 103.83x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $-0.03 | $171.77 | x |
| 2008-12-31 | $-0.01 | $171.77 | x |
| 2009-12-31 | $0.22 | $171.77 | x |
| 2010-12-31 | $0.30 | $171.77 | x |
| 2011-12-31 | $0.44 | $171.77 | x |
| 2012-12-31 | $0.61 | $171.77 | x |
| 2013-12-31 | $0.70 | $171.77 | x |
| 2014-12-31 | $0.80 | $171.77 | x |
| 2015-12-31 | $0.86 | $171.77 | x |
| 2016-12-31 | $0.95 | $171.77 | x |
| 2017-12-31 | $0.66 | $171.77 | x |
| 2018-12-31 | $1.16 | $171.77 | x |
| 2019-12-31 | $1.53 | $171.77 | x |
| 2020-12-31 | $1.02 | $171.77 | x |
| 2021-12-31 | $0.96 | $171.77 | x |
| 2022-12-31 | $-0.35 | $171.77 | x |
| 2023-12-31 | $-0.59 | $171.77 | x |
| 2024-12-31 | $1.94 | $171.77 | x |
| 2025-12-31 | $1.65 | $171.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortinet Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 149.77%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.26%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 8.40x
- Recent ROE (149.77%) is above the historical average (29.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 0.00% | -14.06% | 1.07x | 0.00x | $-19.95 Million |
| 2008 | 0.00% | 3.48% | 1.06x | 0.00x | $7.89 Million |
| 2009 | 42.25% | 23.87% | 0.65x | 2.72x | $45.93 Million |
| 2010 | 17.74% | 12.70% | 0.60x | 2.35x | $18.00 Million |
| 2011 | 17.44% | 14.41% | 0.59x | 2.05x | $26.66 Million |
| 2012 | 13.08% | 12.52% | 0.55x | 1.91x | $15.74 Million |
| 2013 | 7.56% | 7.20% | 0.53x | 1.99x | $-14.30 Million |
| 2014 | 3.75% | 3.29% | 0.54x | 2.11x | $-42.25 Million |
| 2015 | 1.06% | 0.79% | 0.56x | 2.37x | $-67.55 Million |
| 2016 | 3.84% | 2.52% | 0.60x | 2.55x | $-51.57 Million |
| 2017 | 5.33% | 2.10% | 0.66x | 3.83x | $-27.54 Million |
| 2018 | 33.15% | 18.56% | 0.59x | 3.05x | $233.88 Million |
| 2019 | 24.71% | 15.34% | 0.56x | 2.89x | $197.46 Million |
| 2020 | 57.07% | 18.83% | 0.64x | 4.72x | $402.90 Million |
| 2021 | 76.00% | 18.16% | 0.56x | 7.41x | $526.96 Million |
| 2022 | 0.00% | 19.41% | 0.71x | 0.00x | $885.46 Million |
| 2023 | 0.00% | 21.64% | 0.73x | 0.00x | $1.19 Billion |
| 2024 | 116.83% | 29.30% | 0.61x | 6.54x | $1.60 Billion |
| 2025 | 149.77% | 27.26% | 0.65x | 8.40x | $1.73 Billion |
Industry Comparison
This section compares Fortinet Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $148,516,962
- Average return on equity (ROE) among peers: -298.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortinet Inc (FTNT) | $1.55 Billion | 0.00% | 6.00x | $116.55 Billion |
| ACI Worldwide Inc (ACIW) | $205.00 Million | 22.77% | 0.68x | $5.21 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $855.27 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $906.22 Million |
| Allied Gaming & Entertainment Inc. (AGAE) | $77.53 Million | -21.61% | 0.46x | $22.76 Million |
| Axe Compute Inc. (AGPU) | $-2.19 Million | 0.00% | 0.00x | $31.41 Million |
| C3 Ai Inc (AI) | $-182.70 Million | 0.00% | 0.00x | $1.59 Billion |
| Bitzero Holdings Inc. (AIBZ) | $42.65K | -26761.63% | 1.01x | $225.45 Million |
| All In FutureTech Alliance Inc. (AIFA) | $33.41 Million | -134.88% | 0.85x | $12.82 Million |
| AI Financial Corporation (AIFC) | $1.16 Billion | -29.82% | 0.06x | $68.52 Million |
| iLearningEngines, Inc. (AILE) | $28.28K | 24250.25% | 3.12x | $59.29 Million |
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