FTNT Falls 18% In A Single Month: How Does It Compare With Others?
Here is how Fortinet (FTNT) stacks up against its peers in size, valuation, growth and margin.
- FTNT’s operating margin of 30.9% is high, higher than most peers though lower than MSFT (45.6%).
- FTNT’s revenue growth of 14.5% in the last 12 months is strong, outpacing CSCO but lagging MSFT, AVGO, NOW, PANW.
- FTNT’s stock gained 4.0% over the past year and trades at a PE of 31.1, though peers like MSFT, AVGO, CSCO, NOW, PANW delivered stronger returns.
As a quick background, Fortinet provides broad, integrated, and automated cybersecurity solutions, including security hardware, software licenses, and secure switching products for global networking and protection needs.
| FTNT | MSFT | AVGO | CSCO | NOW | PANW | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 60.3 | 3,677.8 | 1,576.3 | 265.0 | 189.3 | 130.7 |
| Revenue ($ Bil) | 6.3 | 281.7 | 57.0 | 56.7 | 12.1 | 9.2 |
| PE Ratio | 31.1 | 36.1 | 122.0 | 26.0 | 114.0 | 115.3 |
| LTM Revenue Growth | 14.5% | 14.9% | 33.9% | 5.3% | 21.1% | 14.9% |
| LTM Operating Margin | 30.9% | 45.6% | 37.5% | 22.1% | 13.3% | 13.5% |
| LTM FCF Margin | 32.1% | 25.4% | 39.8% | 23.5% | 31.6% | 37.6% |
| 12M Market Return | 4.0% | 22.1% | 121.6% | 39.1% | 9.4% | 13.1% |
Why does this matter? FTNT just went down -18.4% in a month – peer comparison puts stock performance, valuation, and financials in context – highlighting whether it is truly outperforming, lagging behind, and above all – can this continue? Read Buy or Sell FTNT Stock to see if Fortinet is really a falling knife. Sharp dips often come with rebound opportunities – see how the stock has dipped and recovered in the past through FTNT Dip Buyer Analysis lens.
While peer comparison is critical Trefis High Quality Portfolio evaluates much more, and is designed to reduce stock-specific risks while giving upside exposure.
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| FTNT | 14.5% | – | 12.3% | 20.1% | 32.2% |
| MSFT | 14.9% | 14.9% | 15.7% | 6.9% | |
| AVGO | 33.9% | – | 44.0% | 7.9% | 21.0% |
| CSCO | 5.3% | 5.3% | -5.6% | 10.6% | |
| NOW | 21.1% | – | 22.4% | 23.8% | 22.9% |
| PANW | 14.9% | 14.9% | 16.5% | 25.3% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| FTNT | 30.9% | – | 30.3% | 23.4% | 21.9% |
| MSFT | 45.6% | 45.6% | 44.6% | 41.8% | |
| AVGO | 37.5% | – | 29.1% | 45.9% | 43.0% |
| CSCO | 22.1% | 22.1% | 24.1% | 27.3% | |
| NOW | 13.3% | – | 12.4% | 8.5% | 4.9% |
| PANW | 13.5% | 13.5% | 8.5% | 5.6% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| FTNT | 31.1 | – | 41.4 | 39.7 | 45.1 |
| MSFT | 36.1 | 30.8 | 31.7 | 24.7 | |
| AVGO | 122.0 | – | 181.9 | 32.9 | 19.9 |
| CSCO | 26.0 | 23.1 | 19.8 | 15.5 | |
| NOW | 114.0 | – | 153.1 | 83.3 | 240.6 |
| PANW | 115.3 | 106.3 | 36.5 | 96.2 |
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.