Fortinet Inc (FTNT) — Tangible Net Worth Ratio
Fortinet Inc (FTNT) has a Tangible Net Worth Ratio of 71.3% as of December 2025. This metric is calculated by deducting intangible assets ($354.70 Million) from net assets ($1.24 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See working capital to net assets of Fortinet Inc to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Fortinet Inc Tangible Net Worth Ratio (2009–2025)
This chart shows how Fortinet Inc's Tangible Net Worth Ratio has changed across 15 annual periods from 2009 to 2025. As of December 2025, the ratio stands at 71.3%, reflecting net assets of $1.24 Billion with intangible assets of $354.70 Million USD. See Fortinet Inc (FTNT) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Fortinet Inc (2009–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Fortinet Inc from 2009 to 2025, covering 15 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Fortinet Inc (FTNT) market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 71.3% | $1.24 Billion | $354.70 Million | $10.39 Billion | ▼ -21.0 pp |
| 2024 | 92.3% | $1.49 Billion | $115.00 Million | $9.76 Billion | ▲ +0.3 pp |
| 2021 | 92.0% | $798.40 Million | $63.60 Million | $5.92 Billion | ▼ -4.3 pp |
| 2020 | 96.3% | $856.00 Million | $31.60 Million | $4.04 Billion | ▼ -1.4 pp |
| 2019 | 97.7% | $1.34 Billion | $31.10 Million | $3.88 Billion | ▼ -0.1 pp |
| 2018 | 97.8% | $1.01 Billion | $22.10 Million | $3.08 Billion | ▲ +0.6 pp |
| 2017 | 97.2% | $589.40 Million | $16.30 Million | $2.26 Billion | ▲ +0.2 pp |
| 2016 | 97.0% | $837.68 Million | $24.83 Million | $2.14 Billion | ▼ -0.6 pp |
| 2015 | 97.7% | $755.38 Million | $17.64 Million | $1.79 Billion | ▼ -1.9 pp |
| 2014 | 99.6% | $675.97 Million | $2.83 Million | $1.42 Billion | ▲ +0.7 pp |
| 2013 | 98.8% | $585.76 Million | $6.84 Million | $1.17 Billion | ▼ -0.8 pp |
| 2012 | 99.6% | $510.93 Million | $2.12 Million | $975.50 Million | ▼ 0.0 pp |
| 2011 | 99.6% | $358.35 Million | $1.38 Million | $734.75 Million | ▼ -0.4 pp |
| 2010 | 100.0% | $232.45 Million | $0.00 | $545.42 Million | ▲ +0.0 pp |
| 2009 | 100.0% | $142.45 Million | $0.00 | $387.21 Million | — |