Which has the lower trailing P/E, APP or FTNT?

APP has the lower trailing P/E: APP trades at 25.38 and FTNT at 61.70. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, APP or FTNT?

Over the past five years, APP grew revenue faster — APP at a 25.84% CAGR versus FTNT at 20.93%.

Is APP or FTNT more profitable?

APP runs the higher net margin — APP at 64.58% versus FTNT at 28.17%.

How have APP and FTNT total returns compared?

Over the past 5 years, APP delivered 33.14% and FTNT delivered 20.23% annualized total return. Past performance doesn't predict future results.

AppLovin Corporation (APP) vs Fortinet, Inc. (FTNT)

A side-by-side comparison of AppLovin Corporation and Fortinet, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

APP

AppLovin Corporation

$110.92B

$330.17TechnologyDelayed quote: Sep 21, 2026, 4:00 PM EDT

FTNT

Fortinet, Inc.

$128.57B

$175.23TechnologyDelayed quote: Sep 21, 2026, 4:00 PM EDT

Total return — APP vs FTNT

growth of $100 · dividends reinvested · last 5y

APP +396.9% (+37.8%/yr)FTNT +294.9% (+31.6%/yr)APP compounded faster over this window

APP FTNT

APP vs FTNT: by the numbers

•FTNT is the larger company ($128.57B vs $110.92B market cap).
•APP trades at the lower trailing earnings multiple (25.38 vs 61.70 P/E), one valuation lens rather than an overall verdict.
•APP converts more revenue to profit (64.58% vs 28.17% net margin).
•APP grew revenue faster over the past five years (25.84% vs 20.93% CAGR).

Metrics side by side

Valuation

Metric	APP	FTNT
P/E ratio	25.38	61.70
Forward P/E	20.92	50.80
P/S ratio	16.24	17.08
P/B ratio	35.07	82.89
EV / EBITDA	20.54	46.82
FCF yield	4.06%	2.42%

Profitability

Metric	APP	FTNT
Gross margin	88.46%	80.38%
Operating margin	77.44%	32.43%
Net margin	64.58%	28.17%
ROE	139.42%	136.72%
ROIC	63.79%	32.78%

Growth (annualized)

Metric	APP	FTNT
Revenue CAGR (5Y)	25.84%	20.93%
EPS CAGR (5Y)	73.54%	32.39%
FCF CAGR (5Y)	73.58%	22.98%
Total return CAGR (5Y)	33.14%	20.23%

Frequently asked

Which has the lower trailing P/E, APP or FTNT?: APP has the lower trailing P/E: APP trades at 25.38 and FTNT at 61.70. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, APP or FTNT?: Over the past five years, APP grew revenue faster — APP at a 25.84% CAGR versus FTNT at 20.93%.
Is APP or FTNT more profitable?: APP runs the higher net margin — APP at 64.58% versus FTNT at 28.17%.
How have APP and FTNT total returns compared?: Over the past 5 years, APP delivered 33.14% and FTNT delivered 20.23% annualized total return. Past performance doesn't predict future results.

Go deeper

Full APP analysis Full FTNT analysis Interactive comparison tool

Dig into the metrics

AppLovin P/E ratio Fortinet P/E ratio AppLovin ROE Fortinet ROE AppLovin operating margin Fortinet operating margin AppLovin revenue growth Fortinet revenue growth AppLovin free cash flow Fortinet free cash flow

AppLovin & Fortinet appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.