CrowdStrike vs Fortinet CRWD vs FTNT
CrowdStrike and Fortinet on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
What differs most
- Return on equity: Fortinet 136.7%, CrowdStrike 1.1%.
- Net margin: Fortinet 28.2%, CrowdStrike 1.1%.
- EV / EBITDA: CrowdStrike 604.1×, Fortinet 47.0×.
- One-year price return: Fortinet +114.3%, CrowdStrike −50.3%.
Price return
2025-10-26 → 2026-10-26
CRWD−50.3%
FTNT+114.3%
Profile
latestSector
Technology
Technology
Industry
Software - Infrastructure
Software - Infrastructure
Market value
$268.10B
$134.51B
Enterprise value
$263.90B
$132.07B
Employees
11,706
15,472
Revenue per employee (TTM)
$461K
$487K
Our models
nightlythe valuation on each stock's pagePrice vs model
15% undervalued vs model
165% overvalued vs model
Model range
$277–446
$48.18–136
Models in the headline
1
1
FCF growth priced in, at a 10% return
56.0%
30.2%
Every model, its assumptions and its range: CRWD valuation · FTNT valuation. The growth priced in, at any return: CRWD reverse DCF · FTNT reverse DCF.
Trading
close 2026-10-26Last close
$261.83
$183.33
52-week high
$782.17
$194.75
52-week low
$161.23
$75.23
Price vs 52-week high
−66.5%
−5.9%
Price vs 52-week low
+62.4%
+143.7%
Average daily volume / shares
3.8%
0.6%
Beta
1.20
1.04
Returns
to 2026-10-261 month
+3.8%
+5.7%
3 months
+42.9%
+20.3%
6 months
−41.6%
+117.4%
Year to date
−44.1%
+130.9%
1 year
−50.3%
+114.3%
1 year, dividends added
−50.3%
+114.3%
2 years
−12.9%
+128.2%
Valuation
CRWD price × TTM to Jul 2026 · FTNT price × TTM to Jun 2026P/E (TTM)
n/m
64.6×
P/E on consensus EPS (next FY)
208.9×
53.1×
Price / sales
49.7×
17.9×
EV / sales
48.9×
17.5×
EV / EBITDA
604.1×
47.0×
Price / book
52.6×
86.7×
Price / free cash flow (FY)
204.6×
60.4×
Free-cash-flow yield (FY)
0.5%
1.7%
Growth
CRWD TTM and FY2026 · FTNT TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+24.8%
+19.5%
Revenue, 3-year CAGR
29.0%
15.5%
Revenue, 5-year CAGR
40.6%
21.3%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
—
+42.1%
EPS, 3-year CAGR
—
31.9%
Free cash flow, 3-year CAGR
24.8%
15.4%
Diluted shares, 3-year change
+10.7%
−7.1%
Profitability
CRWD TTM to Jul 2026 · FTNT TTM to Jun 2026Gross margin (FY)†
74.7%
80.8%
Operating margin
−2.2%
32.4%
EBITDA margin
8.1%
37.3%
Net margin
1.1%
28.2%
Free-cash-flow margin (FY)
27.2%
32.7%
Return on equity
1.1%
136.7%
Return on assets
0.5%
19.5%
Asset turnover
0.45
0.69
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
CRWD MRQ Jul 2026 · FTNT MRQ Jun 2026Cash
$5.01B
$2.93B
Total debt
$820.2M
$496.9M
Net debt
−$4.19B
−$2.44B
Debt / equity
0.2×
0.3×
Net debt / EBITDA (TTM)
-9.6×
-0.9×
Interest coverage (FY)
-10.5×
103.6×
Current ratio (FY)
1.77
1.17
Dividends
trailing 12 monthsDividend yield
0.0%
0.0%
Dividends per share
$0.00
$0.00
Payout ratio (of TTM EPS)
—
—
Dividend per share, 5-year CAGR
—
—
Frequency
—
—
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
2
1
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$11.3M
$9.4M
Analyst upgrades
0
0
Analyst downgrades
0
0
Statements
CRWD income TTM to Jul 2026 · cash flow FY2026 · FTNT income TTM to Jun 2026 · cash flow FY2025Revenue
$5.40B
$7.53B
EBITDA
$436.9M
$2.81B
Operating income
−$119.5M
$2.44B
Net income
$58.5M
$2.12B
EPS (diluted)
−$0.43
$2.84
Operating cash flow
$1.61B
$2.59B
Capital expenditure
−$302.1M
−$364.8M
Free cash flow
$1.31B
$2.23B
Dividends paid
$0
$0
Keep comparing
CrowdStrike against
Fortinet against
Statements, prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.