Market Cap for Fortinet (FTNT)
According to Fortinet's latest reported financial statements, the company's latest reported market cap is $59.40B USD. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
FTNT
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Latest period
$59.40B
YoY change
+8.4%
5Y CAGR
+1.4%
Peak year (2024)
$72.93B
Latest annual
$64.41B
Market Cap history chart for Fortinet (FTNT) from 2009 to 2026
Market Cap history table for Fortinet (FTNT) from 2009 to 2026
| Fiscal year | Period ended | Reported | Market Cap | YoY |
|---|---|---|---|---|
| 2026 | $64.41B | +8.4% | ||
| 2025 | $59.40B | -18.6% | ||
| 2024 | $72.93B | +58.1% | ||
| 2023 | $46.13B | +17.2% | ||
| 2022 | $39.37B | -34.4% | ||
| 2021 | $60.06B | +141.1% | ||
| 2020 | $24.91B | +33.4% | ||
| 2019 | $18.68B | +52.2% | ||
| 2018 | $12.27B | +57.7% | ||
| 2017 | $7.78B | +46.6% | ||
| 2016 | $5.31B | -3.3% | ||
| 2015 | $5.49B | +5.7% | ||
| 2014 | $5.19B | +61.1% | ||
| 2013 | $3.22B | -7.8% | ||
| 2012 | $3.49B | -2.2% | ||
| 2011 | $3.57B | +40.9% | ||
| 2010 | $2.53B | +120.7% | ||
| 2009 | $1.15B | — |
Market Cap values are taken from Fortinet's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2026 fiscal year, Fortinet (FTNT) reported market cap of $64.41B – grew 8.4% year-over-year.
Fortinet market cap has recorded the values shown across consecutive periods, with a +1.4% compound annual growth rate over 2021–2026 (5 years).
Fortinet market cap declined from $72.93B in 2024 to $64.41B in 2026, a 11.7% drawdown.
$72.93B stands as the all-time-high annual market cap, posted in 2024, against a low of $1.15B during 2009.
Among 8 Technology peers, Fortinet (FTNT) ranks 9th; the peer median for market cap is $1.96T.
Fortinet Market Cap by Year
Fortinet Market Cap 2026: $64.41B
Fortinet market cap in 2026 was $64.41B, grew 8.4% from 2025.
Fortinet Market Cap 2025: $59.40B
Fortinet market cap in 2025 was $59.40B, declined 18.6% below 2024.
Fortinet Market Cap 2024: $72.93B
Fortinet market cap in 2024 was $72.93B, surged 58.1% from 2023. This figure represents the highest annual value in the available history.
Fortinet Market Cap 2023: $46.13B
Fortinet market cap in 2023 was $46.13B, grew 17.2% from 2022.
Fortinet Market Cap 2022: $39.37B
Fortinet market cap in 2022 was $39.37B.
See more financial history for Fortinet (FTNT).
Sector peers — Market Cap
Companies in the same sector as Fortinet, ranked by their latest market cap.
| Company | Market Cap | Sector |
|---|---|---|
| NVIDIA Corporation (NVDA) | $5.18T | Technology |
| Apple Inc. (AAPL) | $3.98T | Technology |
| Microsoft Corporation (MSFT) | $3.15T | Technology |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.03T | Technology |
| Broadcom Inc. (AVGO) | $1.89T | Technology |
| Micron Technology, Inc. (MU) | $568.70B | Technology |
| ASML Holding N.V. (ASML) | $533.63B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $522.87B | Technology |
Frequently asked questions
What is Fortinet's market cap?
- Latest reported market cap for Fortinet (FTNT) is $59.40B (period ending December 31, 2025).
How has Fortinet market cap changed year-over-year?
- Fortinet (FTNT) market cap changed +8.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Fortinet market cap?
- Fortinet (FTNT) market cap compound annual growth rate is +1.4% over the most recent 5 years available.
When did Fortinet market cap hit its highest annual value?
- Fortinet market cap reached its highest annual value of $72.93B in 2024.
What was Fortinet market cap in 2025?
- Fortinet (FTNT) market cap in 2025 was $59.40B.
What was Fortinet market cap in 2026?
- Fortinet (FTNT) market cap in 2026 was $64.41B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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