TSX/FTNT (TSX/FTNT)

Toronto Stock Exchange: TSX/FTNT · CAD

CA$22.8

-0.89 (-3.8%)· Recorded snapshot

Market cap	183.5B
Revenue (ttm)	10.7B
Net income (ttm)	3B
EPS (ttm)	CA$0.33
P/E (trailing)	68.8x
P/E (forward)	51.7x
Volume	1,805
Beta	1.04

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 10.7B
Net income (ttm): 3B
EPS (ttm): CA$0.33
P/E (trailing): 68.8x
P/E (forward): 51.7x
Market cap: 183.5B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E51.7

P25 n/aP50 n/aP75 n/a

Trailing P/E68.8

P25 n/aP50 n/aP75 n/a

ROE117.4

P25 n/aP50 n/aP75 n/a

ROIC57.9

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TSX/FTNT indicators

Market & fundamental data

Available fields

209

Groups with data

Currency

USD

Showing 209 of 209 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	CAD
Country	United States
Country code	CA
Earnings date	2026-10-28
Employees	15,472
Employees change	574
Employees growth	3.85%
Enterprise value	CAD 178.5B
Exchange	Toronto Stock Exchange
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-10-22
Fiscal year end	December
Founded	2000
Industry	Software - Infrastructure
Is primary listing	No
ISIN number	CA3499351060
Last earnings date	2026-10-28
Last refreshed	2026-10-28
Market cap	CAD 183.5B
Next earnings date	2026-10-28
Price	CAD 22.77
Price currency	CAD
Sector	Technology
SIC code	7372
Stock price date	2026-10-28
Symbol	tsx/FTNT
Website	https://www.fortinet.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	102.42x
Average P/E ratio (3Y)	39.11x
Average P/E ratio (5Y)	50.62x
Earnings yield	1.45%
EV/Earnings	61.67x
EV/EBIT	54.25x
EV/EBITDA	49.45x
EV/FCF	41.96x
EV/Sales	17.57x
FCF / EV yield	2.38%
FCF yield	2.32%
Forward P/E	51.68x
Graham number	1.51618
Graham upside	-93.59%
Industry forward P/E	31.63x
Lynch fair value	CAD 9.34
Lynch upside	-60.51%
P/(FCF - SBC) ratio	47.59x
P/(OCF - SBC) ratio	43.31x
P/B ratio	86.55x
P/E ratio	68.77x
P/FCF ratio	43.07x
P/OCF ratio	39.53x
P/S ratio	17.83x
Price / tangible book value	110.35x
Price/EBITDA ratio	51.72x
Sector forward P/E	18.26x
Sector P/E	43.53x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	32.37%
EBITDA margin	34.48%
Effective tax rate	19.16%
FCF margin	41.88%
Gross margin	80.2%
Operating margin	32.37%
Pretax margin	34.85%
Profit margin	28.17%
Profit per employee	CAD 194,649
Profitable quarters	34
Profitable years	18
Revenue per employee	CAD 690,904
ROA	14.17%
ROA (5Y)	11.11%
ROCE	40.49%
ROE	117.44%
ROIC	57.89%
SBC / revenue	3.93%
Tax / revenue	6.68%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	12.81%
EPS growth (Q)	43.86%
EPS growth (QoQ)	13.89%
EPS growth 10Y	81.22%
EPS growth 3Y	28.5%
EPS growth 5Y	35.71%
EPS growth quarters	2
EPS growth years	6
FCF growth	53.34%
FCF growth (Q)	239.88%
FCF growth (QoQ)	-4.06%
FCF growth 3Y	16.37%
FCF growth 5Y	22.97%
Gross profit growth	17.18%
Gross profit growth (Q)	24.95%
Gross profit growth 3Y	16.65%
Gross profit growth 5Y	21.71%
Net income growth	9.34%
Net income growth (Q)	37.76%
Net income growth (QoQ)	13.43%
Net income growth 3Y	26.03%
Net income growth 5Y	32.73%
Net income growth quarters	2
Net income growth years	6
OCF growth	41.45%
OCF growth (Q)	130.94%
OCF growth (QoQ)	-3.11%
OCF growth 10Y	27.37%
OCF growth 3Y	15.51%
OCF growth 5Y	22.1%
Operating income growth	25.16%
Operating income growth (Q)	50.65%
Operating income growth 3Y	27.66%
Operating income growth 5Y	34.15%
Revenue growth	18.77%
Revenue growth (Q)	25.64%
Revenue growth (QoQ)	10.72%
Revenue growth 10Y	20.64%
Revenue growth 3Y	14.71%
Revenue growth 5Y	20.93%
Revenue growth quarters	67
Revenue growth years	19

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	CAD -396.3M
Depreciation and amortization	CAD 223.4M
EBIT	CAD 3.5B
EBITDA	CAD 3.7B
EPS	CAD 0.33
Financing cash flow	CAD -4.9B
Free cash flow	CAD 4.4B
Free cash flow minus SBC	CAD 4B
Gross profit	CAD 8.6B
Income taxes	CAD 713.6M
Investing cash flow	CAD -585.6M
Net borrowing	CAD -702M
Net cash flow	CAD -615.8M
Net income	CAD 3B
Operating cash flow minus SBC	CAD 4.4B
Operating income	CAD 3.5B
Revenue	CAD 10.7B
Stock-based compensation	CAD 420.5M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.98
Book value per share	CAD 3.00
Debt / EBITDA	0.21
Debt / equity	0.36
Debt / FCF	0.18
Goodwill	CAD 361.4M
Interest coverage	135.37
Long-term assets	CAD 6.7B
Long-term liabilities	CAD 6.4B
Net cash (debt)	CAD 5B
Net cash / market cap	2.61%
Net cash growth	0.98%
Net debt / EBITDA	-1.35
Net debt / equity	-2.26
Net debt / FCF	-1.13
Piotroski F-Score	5
Property, plant and equipment	CAD 2.4B
Shareholders' equity	CAD 2.2B
Tangible book value	CAD 1.7B
Tangible book value per share	CAD 2.36
Total assets	CAD 15.4B
Total cash	CAD 5.8B
Total debt	CAD 797.2M
Total liabilities	CAD 13.2B
WACC	9.92%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.7
Current assets	CAD 8.7B
Current liabilities	CAD 6.8B
Current ratio	1.28
Inventory turnover	3.58
Net working capital	CAD -3.8B
Quick ratio	1.14
Working capital	CAD 1.9B
Working capital turnover	7.28

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.4%
Shareholder yield	3.4%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
1D price change	-3.76%
1W price change	4.79%
1W total return	4.79%
52-week high	CAD 23.71
52-week high date	2026-10-27
52-week low	CAD 21.47
52-week low date	2026-10-21
All-time high	CAD 23.71
All-time high date	2026-10-27
All-time low	CAD 21.47
All-time low date	2026-10-21
Average volume	1.4K
Beta (5Y)	1.04
Change from 52-week high	-3.96%
Change from 52-week low	6.06%
Change from all-time high	-3.96%
Change from all-time low	6.05%
Change from open	-1.47%
Day's gap	-2.32%
Dollar volume	CAD 41,100
High price	CAD 23.11
Low price	CAD 22.77
Monthly RSI	0
Open price	CAD 23.11
Position in 52-week range	0%
Previous close	CAD 23.66
Relative volume	1.32
RSI	0
Sharpe ratio	4.87
Sortino ratio	9.33
Volume	1.8K
Weekly RSI	0

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	618.9M
Shares change (QoQ)	-0.39%
Shares change (YoY)	-3.4%
Shares held by insiders	15.56%
Shares held by institutions	72.52%
Short ratio	2.7 days

Deeper analysis on TSX/FTNT

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this TSX/FTNT report

Is a complete TSX/FTNT research report available?

No complete published report is available for tsx/FTNT (TSX/FTNT) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

TSX/FTNT (TSX/FTNT)

Price

Financial snapshot

Fair-value bridge

Latest news · TSX/FTNT

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All TSX/FTNT indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TSX/FTNT

Frequently asked questions