Palo Alto Networks [PANW] vs Fortinet [FTNT] Detailed Stock Comparison
Palo Alto Networks
NASDAQ
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Fortinet
NASDAQ
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TLDR: Quick Comparison Summary
Based on 19 vital metrics comparison: Palo Alto Networks wins in 7 metrics, Fortinet wins in 12 metrics, with 0 ties. Fortinet appears stronger overall.
View Metrics Details
Vital Metrics Comparison
| Metric | Palo Alto Networks | Fortinet | Better |
|---|---|---|---|
| P/E Ratio (TTM) | 116.15 | 43.14 | Fortinet |
| Price-to-Book Ratio | 18.72 | 41.07 | Palo Alto Networks |
| Debt-to-Equity Ratio | 11.15 | 54.84 | Palo Alto Networks |
| PEG Ratio | 28.23 | 43.49 | Palo Alto Networks |
| EV/EBITDA | 106.42 | 37.22 | Fortinet |
| Profit Margin (TTM) | 13.95% | 30.60% | Fortinet |
| Operating Margin (TTM) | 9.80% | 29.06% | Fortinet |
| EBITDA Margin (TTM) | 9.80% | 29.06% | Fortinet |
| Return on Equity | 21.16% | 205.91% | Fortinet |
| Return on Assets (TTM) | 3.10% | 13.33% | Fortinet |
| Free Cash Flow (TTM) | $3.10B | $1.88B | Palo Alto Networks |
| 1-Year Return | 26.86% | 85.40% | Fortinet |
| Price-to-Sales Ratio (TTM) | 15.27 | 13.06 | Fortinet |
| Enterprise Value | $133.05B | $76.53B | Palo Alto Networks |
| EV/Revenue Ratio | 14.99 | 12.46 | Fortinet |
| Gross Profit Margin (TTM) | 72.94% | 80.96% | Fortinet |
| Revenue per Share (TTM) | $14 | $8 | Palo Alto Networks |
| Earnings per Share (Diluted) | $1.75 | $2.43 | Fortinet |
| Beta (Stock Volatility) | 0.97 | 1.06 | Palo Alto Networks |
Performance
Key Stats
Valuation
Financials
Short Interest
Dividends
Palo Alto Networks vs Fortinet Stock Performance Analysis
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Performance Comparison
Short-term Returns
| Stock | 1D | 1W | 1M | 3M | 6M | YTD |
|---|---|---|---|---|---|---|
| Palo Alto Networks | -5.21% | -1.47% | -5.28% | 3.85% | 4.54% | 7.25% |
| Fortinet | -0.10% | -0.04% | -0.90% | 0.54% | 5.48% | 10.58% |
Long-term Returns
| Stock | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y |
|---|---|---|---|---|---|---|
| Palo Alto Networks | 26.86% | 131.98% | 345.20% | 562.70% | 2,090.28% | 2,090.28% |
| Fortinet | 85.40% | 96.24% | 299.89% | 1,016.95% | 5,656.59% | 6,099.41% |
Performance & Financial Health Analysis: Palo Alto Networks vs Fortinet
| Metric | PANW | FTNT |
|---|---|---|
| Market Information | ||
| Market Cap | $135.54B | $80.23B |
| Market Cap Category | Large cap | Large cap |
| 10 Day Avg. Volume | 4,010,950 | 3,441,900 |
| 90 Day Avg. Volume | 4,500,747 | 4,017,027 |
| Last Close | $193.84 | $104.77 |
| 52 Week Range | $142.01 - $210.39 | $54.57 - $114.82 |
| % from 52W High | -7.87% | -8.75% |
| All-Time High | $210.39 (Jul 29, 2025) | $114.82 (Feb 17, 2025) |
| % from All-Time High | -7.87% | -8.75% |
| Growth Metrics | ||
| Quarterly Revenue Growth | 0.15% | 0.14% |
| Quarterly Earnings Growth | -0.06% | 0.45% |
| Financial Health | ||
| Profit Margin (TTM) | 0.14% | 0.31% |
| Operating Margin (TTM) | 0.10% | 0.29% |
| Return on Equity (TTM) | 0.21% | 2.06% |
| Debt to Equity (MRQ) | 11.15 | 54.84 |
| Cash & Liquidity | ||
| Book Value per Share (MRQ) | $10.86 | $2.55 |
| Cash per Share (MRQ) | $4.95 | $6.25 |
| Operating Cash Flow (TTM) | $3.21B | $2.29B |
| Levered Free Cash Flow (TTM) | $3.18B | $1.96B |
| Dividends | ||
| Last 12-Month Dividend Yield | N/A | N/A |
| Last 12-Month Dividend | N/A | N/A |
Valuation & Enterprise Metrics Analysis: Palo Alto Networks vs Fortinet
| Metric | PANW | FTNT |
|---|---|---|
| Price Ratios | ||
| P/E Ratio (TTM) | 116.15 | 43.14 |
| Forward P/E | 28.23 | 43.49 |
| PEG Ratio | 28.23 | 43.49 |
| Price to Sales (TTM) | 15.27 | 13.06 |
| Price to Book (MRQ) | 18.72 | 41.07 |
| Market Capitalization | ||
| Market Capitalization | $135.54B | $80.23B |
| Enterprise Value | $133.05B | $76.53B |
| Enterprise Value Metrics | ||
| Enterprise to Revenue | 14.99 | 12.46 |
| Enterprise to EBITDA | 106.42 | 37.22 |
| Risk & Other Metrics | ||
| Beta | 0.97 | 1.06 |
| Book Value per Share (MRQ) | $10.86 | $2.55 |
Financial Statements Comparison: Palo Alto Networks vs Fortinet
Financial Metrics
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Revenue
EBITDA
Operating Margin
Free Cash Flow
Long Term Debt
Profit Margin
Current Ratio
Operating Cash Flow
Income Statement (MRQ)
| Metric (MRQ) | PANW | FTNT |
|---|---|---|
| Revenue/Sales | $2.29B | $1.54B |
| Cost of Goods Sold | $619.30M | $293.10M |
| Gross Profit | $1.67B | $1.25B |
| Research & Development | $494.50M | $198.60M |
| Operating Income (EBIT) | $218.80M | $453.80M |
| EBITDA | $407.30M | $560.00M |
| Pre-Tax Income | $310.50M | $519.30M |
| Income Tax | $48.40M | $96.50M |
| Net Income (Profit) | $262.10M | $433.40M |
Balance Sheet & Liquidity Metrics (MRQ)
| Metric (MRQ) | PANW | FTNT |
|---|---|---|
| Cash & Equivalents | $2.38B | $3.60B |
| Total Current Assets | $6.90B | $6.44B |
| Total Current Liabilities | $7.71B | $4.73B |
| Long-Term Debt | $345.70M | $496.20M |
| Total Shareholders Equity | $7.23B | $1.96B |
| Retained Earnings | $2.23B | $316.30M |
| Property, Plant & Equipment | $724.30M | $31.90M |
Cash Flow Statement Comparison (MRQ)
| Metric (MRQ) | PANW | FTNT |
|---|---|---|
| Operating Cash Flow | $594.60M | $814.70M |
| Capital Expenditures | $-68.30M | $-66.50M |
| Free Cash Flow | $560.40M | $796.80M |
| Debt Repayment | $-150.90M | N/A |
| Common Stock Repurchase | $0 | N/A |
Short Interest & Institutional Ownership Analysis
| Metric | PANW | FTNT |
|---|---|---|
| Shares Short | 26.66M | 18.55M |
| Short Ratio | 5.56 | 4.13 |
| Short % of Float | 0.04% | 0.03% |
| Average Daily Volume (10 Day) | 4,010,950 | 3,441,900 |
| Average Daily Volume (90 Day) | 4,500,747 | 4,017,027 |
| Shares Outstanding | 650.20M | 767.00M |
| Float Shares | 660.10M | 647.90M |
| % Held by Insiders | 0.01% | 0.17% |
| % Held by Institutions | 0.82% | 0.72% |
Dividend Analysis & Yield Comparison: Palo Alto Networks vs Fortinet
| Metric | PANW | FTNT |
|---|---|---|
| Last 12-Month Dividend | N/A | N/A |
| Last 12-Month Dividend Yield | N/A | N/A |
| 3-Year Avg Annual Dividend | N/A | N/A |
| 3-Year Avg Dividend Yield | N/A | N/A |
| 3-Year Total Dividends | N/A | N/A |
| Ex-Dividend Date | N/A | N/A |