Fortinet, Inc.

FTNT

Quality scores

Data as of Sep 5, 2026

6 / 9

Neutral

6/9 — middling fundamentals (neutral zone).

PassROA > 0 — ROA last year = 17.84 %
PassFCF > 0 — FCF last year = 2,225.80 mill.
PassFCF > net income (accrual quality) — FCF 2,225.80 vs. net income 1,853.40 (mill.)
FailRising ROA — ROA 17.84 % vs. prior year 17.88 %

PassLower long-term leverage — long-term debt/assets 0.05 vs. prior 0.10
FailRising current ratio (more liquidity) — Current ratio 1.17 vs. prior 1.47
PassNo dilution (shares do not grow) — Shares 743.00 mill. vs. prior 767.00 mill.

Z-Score (original)

9.13

Safe zone

Z''-Score (non-manufacturing)

5.13

Safe zone

Ratio	Value
X1 — Working capital / Total assets	0.08
X2 — Retained earnings / Total assets	-0.05
X3 — EBIT / Total assets	0.20
X4 — Market cap / Total liabilities	12.98
X4 — Book equity / Total liabilities	0.14
X5 — Sales / Total assets	0.65