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Fortinet Inc. Quality Score

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Quality88

Business quality and growth are strong, valuation is the relative weak spot (avg 50/100).

Broad-market heuristics · Not a buy/sell signal

Valuation and growth

Earnings Multiple
40/100
42.1x

Above 30x, priced for sustained outperformance

Cash Flow Multiple
60/100
27.7x

25–30x, paying up for cash generation

Revenue Growth
100/100
15.6%

Above 10% CAGR, strong compounder

Cash Flow Growth
100/100
24.0%

Above 10% CAGR, strong compounder

Business Quality & Capital Allocation

Share Dilution
100/100
-7.8%

Shrinking >2%, active buybacks

Margin Trend
100/100
+11.0pp

Expanded 3+pp, strong improvement

Capital Structure
100/100
-$4.24B

Net cash position, no leverage concern

2022
$2.19B
$1.09B
2023
$2.42B
$1.07B
2024
$4.00B
$1.07B
2025
$3.58B
$1.06B
TTM
$4.80B
$561M
CashDebt
Return on Capital
100/100
95.6%

Above 20%, exceptional capital efficiency

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Fortinet (FTNT) quality: score, margins and returns

Fortinet (FTNT) scores 88/100 on Intrinsiqq's quality score (a high-quality business), a weighted blend of 8 metrics each scored 0 to 100, on 33.0% operating margins and 95.6% ROIC. Every metric is computed from SEC filings; this is analysis, not investment advice.

Frequently asked

Is Fortinet (FTNT) a high-quality business?+

Fortinet scores 88 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which rates it a high-quality business on these measures. Recent figures include a 33.0% operating margin and a 95.6% return on invested capital. Quality and price are separate questions: even a great business can be a poor investment if you overpay, so read this score alongside the valuation. The metric-by-metric breakdown is on this scorecard.

What does Fortinet's quality score measure?+

Intrinsiqq's quality score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, change in share count, and balance-sheet strength, each computed from FTNT's SEC filings rather than opinion or sentiment. A higher score means a more durable, capital-efficient business; it is not a buy or sell signal. Open each metric on this page to see exactly where Fortinet scores well and where it falls behind.

What is Fortinet's return on invested capital (ROIC)?+

Fortinet earns about 95.6% on its invested capital, which is exceptional. ROIC measures how much profit a company generates per dollar put to work; sustained ROIC above its cost of capital is one of the clearest signs of a real competitive moat. Compare it to FTNT's margins and growth on this scorecard to judge durability.

How profitable is Fortinet?+

Fortinet runs an operating margin of about 33.0% and a net margin of about 29.0%. Revenue has grown at roughly 21.3% a year recently. High, stable margins usually point to pricing power and operating discipline. Margins are most telling next to growth and returns on capital, all of which feed this quality score. This is analysis from SEC filings, not investment advice.

How the market compares: US profitability statistics

SourceQuality score computed from the 10-Q filed 27 Oct 2026, covering the period ending 30 Sept 2026, as reported to the SEC. Data last refreshed 31 Oct 2026. How this is calculated.

Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically. Checks use broad-market heuristics, so sector norms may differ, and the valuation checks are more cyclical than the quality checks.

Peers

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Held by ETFs

FTNT is in 411 US ETFs. The largest of them, with FTNT's weight in each:

Spot a number that looks wrong? Check it in FTNT's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Not financial advice. Analytical data for research only.

Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.