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

APP has the lower trailing P/E: APP trades at 25.80 and FTNT at 56.38. 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 41.76% and FTNT delivered 37.37% 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 August 7, 2026. Differences are shown without an overall score or investment verdict.

APP

AppLovin Corporation

$116.50B

$346.80TechnologyDelayed quote: Aug 7, 2026, 4:00 PM EDT

FTNT

Fortinet, Inc.

$117.13B

$159.64TechnologyDelayed quote: Aug 7, 2026, 4:00 PM EDT

Total return — APP vs FTNT

growth of $100 · dividends reinvested · last 5y

APP +414.8%FTNT +305.1%APP compounded faster

APP FTNT

APP vs FTNT: by the numbers

•FTNT is the larger company ($117.13B vs $116.50B market cap).
•APP trades at the lower trailing earnings multiple (25.80 vs 56.38 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	25.80	56.38
Forward P/E	21.01	46.78
P/S ratio	16.61	15.77
P/B ratio	35.86	76.52
PEG ratio	0.62	4.64
EV / EBITDA	21.00	43.15
FCF yield	3.97%	3.47%

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	60.71%	28.75%

Growth (annualized)

Metric	APP	FTNT
Revenue CAGR (5Y)	25.84%	20.93%
EPS CAGR (5Y)	73.54%	32.39%
FCF CAGR (5Y)	73.58%	30.06%
Total return CAGR (5Y)	41.76%	21.39%

Frequently asked

Which has the lower trailing P/E, APP or FTNT?: APP has the lower trailing P/E: APP trades at 25.80 and FTNT at 56.38. 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 41.76% and FTNT delivered 37.37% 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 dividend yield Fortinet dividend yield 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 August 7, 2026.