Fortinet, Inc.
Market Cap
$118.8B
Global Rank
#142
All-Time High
$123.5B
2026-08-04
Total Growth
+0%
since 2026
Market Cap Context
- Larger than 61% of the 367 companies we track (globally).
- Equivalent to 0.4% of United States's GDP (2025 data).
- Just above: #141 HDFC Bank Limited ($119.6B)
- Just below: #143 State Bank of India ($118.1B)
- Best year: 2021 (+142%). Worst year: 2022 (-32%).
Fortinet, Inc. Financial Breakdown (FY 2025)
Source: Yahoo Finance โ FTNT annual filings (2025) โ$6.8B revenue ยท $2.1B operating income ยท $1.9B net income
- โOperating margin: 30.7% on $6.8B in revenue.
- โR&D is 12.0% of revenue ($0.8B).
- โNet income margin: 27.3% โ $1.9B in profit.
- โFree cash flow: $2.2B (32.7% of revenue).
Cost / Operating Expenses
Total operating expenses $4.7B
Total
$4.7B
Capital Expenditures
$0.4B
This fiscal year (near-total AI infrastructure buildout)
Free Cash Flow
$2.2B
Trailing twelve months
Figures rounded from the annual SEC filing. Unaudited. For informational purposes only, not investment advice.
About Fortinet, Inc.
Fortinet, Inc. is an American cybersecurity company headquartered in Sunnyvale, California. It develops and sells security products including firewalls, endpoint security and intrusion detection systems. Fortinet has offices in the US, Canada, and UK.
Fortinet, Inc. Market Cap History (2026โ2026)
Fortinet, Inc. vs Sector Peers by Market Cap
Compare Fortinet, Inc.
Ranking History
| Year | Market Cap | Rank | YoY Change |
|---|---|---|---|
| 2026 | $118.8B | #142(โ85) | +104.2% |
| 2025 | $58.2B | #227(โ43) | -16.0% |
| 2024 | $69.2B | #184(โ56) | +61.4% |
| 2023 | $42.9B | #240 | +19.7% |
| 2022 | $35.8B | #240(โ47) | -32.0% |
| 2021 | $52.7B | #193(โ106) | +142.0% |
| 2020 | $21.8B | #299(โ1) | +39.1% |
| 2019 | $15.6B | #300 | +51.6% |
| 2018 | $10.3B | #300(โ4) | +61.2% |
| 2017 | $6.4B | #304(โ2) | +45.1% |
| 2016 | $4.4B | #302(โ8) | -3.4% |
| 2015 | $4.6B | #294(โ6) | +1.7% |
| 2014 | $4.5B | #288(โ4) | +60.3% |
| 2013 | $2.8B | #292(โ9) | -9.0% |
| 2012 | $3.1B | #283(โ15) | -3.6% |
| 2011 | $3.2B | #268(โ6) | +34.8% |
| 2010 | $2.4B | #274(โ1) | +84.1% |
| 2009 | $1.3B | #275 |
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FAQ
What is Fortinet, Inc.'s market cap?
Fortinet, Inc. (FTNT) has a market capitalization of $118.8B, making it the #142 largest company in the world by market cap.
What was Fortinet, Inc.'s highest market cap?
Fortinet, Inc.'s all-time high market cap was $123.5B, reached in 2026-08-04. Its highest rank was #142 in 2026.
What sector is Fortinet, Inc. in?
Fortinet, Inc. is in the Technology sector, specifically the Software - Infrastructure industry. It is based in United States.
How has Fortinet, Inc.'s market cap changed over time?
Fortinet, Inc. has been tracked since 2026. Its market cap has grown by 0% from $118.8B in 2026 to $118.8B today.