Fortinet Inc (FTNT) — Tangible Net Worth Ratio
Fortinet Inc (FTNT) has a Tangible Net Worth Ratio of 78.4% as of June 2026. This metric is calculated by deducting intangible assets ($334.50 Million) from net assets ($1.55 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. Also explore FTNT year-over-year net asset growth to track the company's year-over-year net asset growth rate.
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 June 2026, the ratio stands at 78.4%, reflecting net assets of $1.55 Billion with intangible assets of $334.50 Million USD. For live market cap and overall valuation, see how much is Fortinet Inc worth.
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. Explore Fortinet Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 92.1% | $1.24 Billion | $97.30 Million | $10.39 Billion | ▼ -0.2 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 | — |