Fortinet [FTNT] vs Cloudflare [NET] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: Fortinet wins in 14 metrics, Cloudflare wins in 4 metrics, with 0 ties. Fortinet appears stronger overall.

View Metrics Details

Vital Metrics Comparison

MetricFortinetCloudflareBetter
P/E Ratio (TTM)31.67-969.43Cloudflare
Price-to-Book Ratio29.5461.11Fortinet
Debt-to-Equity Ratio52.84279.26Fortinet
PEG Ratio2.26252.83Fortinet
EV/EBITDA27.66-1,296.75Cloudflare
Profit Margin (TTM)30.60%-6.22%Fortinet
Operating Margin (TTM)28.02%-13.13%Fortinet
EBITDA Margin (TTM)28.02%N/AN/A
Return on Equity165.17%-11.04%Fortinet
Return on Assets (TTM)13.02%-2.73%Fortinet
Free Cash Flow (TTM)$1.88B$166.92MFortinet
1-Year Return7.84%185.84%Cloudflare
Price-to-Sales Ratio (TTM)9.6140.27Fortinet
Enterprise Value$57.70B$75.44BCloudflare
EV/Revenue Ratio9.1140.10Fortinet
Gross Profit Margin (TTM)80.68%74.88%Fortinet
Revenue per Share (TTM)$8$5Fortinet
Earnings per Share (Diluted)$2.51$-0.35Fortinet
Beta (Stock Volatility)1.131.95Fortinet
Performance
News Sentiment
Key Stats
Valuation
Financials
Short Interest
Dividends

Fortinet vs Cloudflare Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Fortinet1.77%5.82%8.48%-20.71%-17.69%-14.63%
Cloudflare0.75%6.98%11.67%25.00%87.09%99.61%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Fortinet7.84%60.43%244.80%802.79%3,135.60%4,686.39%
Cloudflare185.84%281.26%505.50%1,148.00%1,148.00%1,148.00%

News Based Sentiment: Fortinet vs Cloudflare

Fortinet

News based Sentiment: MIXED

September presented a mixed bag for Fortinet, with negative analyst sentiment and legal investigations offset by positive developments in enterprise deals and technological innovation. The conflicting signals create a high level of uncertainty for investors, making this a significant month for the company's trajectory.

View Fortinet News Sentiment Analysis

Cloudflare

News based Sentiment: MIXED

September was a month of contrasts for Cloudflare, with positive developments in AI partnerships and financial performance overshadowed by significant insider selling and a negative analyst rating. This creates a mixed investment narrative, highlighting both opportunities and risks for investors.

View Cloudflare News Sentiment Analysis

Performance & Financial Health Analysis: Fortinet vs Cloudflare

MetricFTNTNET
Market Information
Market Cap i$61.18B$77.70B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i5,522,0141,922,152
90 Day Avg. Volume i9,565,8882,505,287
Last Close$80.89$224.64
52 Week Range$70.12 - $114.82$75.22 - $230.10
% from 52W High-29.55%-2.37%
All-Time High$114.82 (Feb 17, 2025)$230.10 (Sep 11, 2025)
% from All-Time High-29.55%-2.37%
Growth Metrics
Quarterly Revenue Growth0.14%0.28%
Quarterly Earnings Growth0.16%0.28%
Financial Health
Profit Margin (TTM) i0.31%-0.06%
Operating Margin (TTM) i0.28%-0.13%
Return on Equity (TTM) i1.65%-0.11%
Debt to Equity (MRQ) i52.84279.26
Cash & Liquidity
Book Value per Share (MRQ)$2.69$3.56
Cash per Share (MRQ)$5.96$11.36
Operating Cash Flow (TTM) i$2.40B$477.62M
Levered Free Cash Flow (TTM) i$1.90B$365.75M
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: Fortinet vs Cloudflare

MetricFTNTNET
Price Ratios
P/E Ratio (TTM) i31.67-969.43
Forward P/E i32.99252.83
PEG Ratio i2.26252.83
Price to Sales (TTM) i9.6140.27
Price to Book (MRQ) i29.5461.11
Market Capitalization
Market Capitalization i$61.18B$77.70B
Enterprise Value i$57.70B$75.44B
Enterprise Value Metrics
Enterprise to Revenue i9.1140.10
Enterprise to EBITDA i27.66-1,296.75
Risk & Other Metrics
Beta i1.131.95
Book Value per Share (MRQ) i$2.69$3.56

Financial Statements Comparison: Fortinet vs Cloudflare

Financial Metrics

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Revenue

EBITDA

Shareholders Equity

Operating Margin

Free Cash Flow

Long Term Debt

Profit Margin

Current Ratio

Operating Cash Flow

Income Statement (MRQ)

Metric (MRQ)FTNTNET
Revenue/Sales i$1.54B$479.09M
Cost of Goods Sold i$293.10M$115.58M
Gross Profit i$1.25B$363.51M
Research & Development i$198.60M$115.09M
Operating Income (EBIT) i$453.80M$-53.25M
EBITDA i$560.00M$6.89M
Pre-Tax Income i$519.30M$-36.76M
Income Tax i$96.50M$1.70M
Net Income (Profit) i$433.40M$-38.45M

Balance Sheet & Liquidity Metrics (MRQ)

Metric (MRQ)FTNTNET
Cash & Equivalents i$3.60B$204.46M
Total Current Assets i$6.44B$2.62B
Total Current Liabilities i$4.73B$821.01M
Long-Term Debt i$496.20M$1.42B
Total Shareholders Equity i$1.96B$1.43B
Retained Earnings i$316.30M$-1.14B
Property, Plant & Equipment i$31.90M$734.51M

Cash Flow Statement Comparison (MRQ)

Metric (MRQ)FTNTNET
Operating Cash Flow i$814.70M$168.35M
Capital Expenditures i$-66.50M$-85.89M
Free Cash Flow i$796.80M$52.87M
Debt Repayment iN/AN/A
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricFTNTNET
Shares Short i18.09M9.93M
Short Ratio i2.213.10
Short % of Float i0.03%0.04%
Average Daily Volume (10 Day) i5,522,0141,922,152
Average Daily Volume (90 Day) i9,565,8882,505,287
Shares Outstanding i767.00M344.86M
Float Shares i649.07M310.67M
% Held by Insiders i0.17%0.01%
% Held by Institutions i0.72%0.91%

Dividend Analysis & Yield Comparison: Fortinet vs Cloudflare

MetricFTNTNET
Last 12-Month Dividend iN/AN/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/AN/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/AN/A
Ex-Dividend DateN/AN/A