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%.
- One-year price return: Fortinet +103.4%, CrowdStrike −52.8%.
- Free-cash-flow yield: Fortinet 1.8%, CrowdStrike 0.6%.
Price return
2025-10-16 → 2026-10-16
CRWD−52.8%
FTNT+103.4%
Profile
latestSector
Technology
Technology
Industry
Software - Infrastructure
Software - Infrastructure
Market value
$232.83B
$124.09B
Enterprise value
$228.56B
$121.65B
Employees
11,706
15,472
Revenue per employee (TTM)
$461K
$487K
Our models
nightlythe valuation on each stock's pagePrice vs model
25% undervalued vs model
178% overvalued vs model
Model range
$281–437
$41.62–121
Models in the headline
1
1
FCF growth priced in, at a 10% return
52.8%
28.7%
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 2026-10-16Last close
$227.39
$169.13
52-week high
$782.17
$194.75
52-week low
$161.23
$75.23
Price vs 52-week high
−70.9%
−13.2%
Price vs 52-week low
+41.0%
+124.8%
Average daily volume / shares
3.9%
0.7%
Beta
1.20
1.04
Returns
to 2026-10-161 month
−5.8%
−1.5%
3 months
+11.6%
+5.2%
6 months
−45.6%
+105.3%
Year to date
−51.5%
+113.0%
1 year
−52.8%
+103.4%
1 year, dividends added
−52.8%
+103.4%
2 years
−25.7%
+106.0%
Valuation
CRWD price × TTM to Jul 2026 · FTNT price × TTM to Jun 2026P/E (TTM)
n/m
59.8×
P/E on consensus EPS (next FY)
181.5×
49.0×
Price / sales
43.1×
16.5×
EV / sales
42.4×
16.2×
EV / EBITDA
—
—
Price / book
45.6×
80.0×
Price / free cash flow (FY)
177.7×
55.8×
Free-cash-flow yield (FY)
0.6%
1.8%
Growth
CRWD TTM and FY2026 · FTNT TTM and FY2025Revenue growth (TTM)
+18.2%
—
Revenue growth, consensus next FY
+24.8%
+19.4%
Revenue, 3-year CAGR
29.0%
15.5%
Revenue, 5-year CAGR
40.6%
21.3%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
—
+42.7%
EPS, 3-year CAGR
—
31.7%
Free cash flow, 3-year CAGR
24.8%
15.4%
Diluted shares, 3-year change
+10.7%
−5.1%
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
—
—
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
$746.2M
$496.9M
Net debt
−$4.27B
−$2.44B
Debt / equity
0.1×
0.3×
Net debt / EBITDA (TTM)
—
—
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)
$9.9M
$9.4M
Analyst upgrades
0
1
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
—
—
Operating income
−$119.5M
$2.44B
Net income
$58.5M
$2.12B
EPS (diluted)
−$0.43
$2.83
Operating cash flow
$1.61B
$2.59B
Capital expenditure
−$302.1M
−$364.8M
Free cash flow
$1.31B
$2.23B
Dividends paid
$0
—
Keep comparing
CrowdStrike against
Fortinet against
Statements from the companies' SEC filings; 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.