Is APP or FTNT cheaper?

On trailing earnings, APP is cheaper: APP trades at a 40.33 P/E and FTNT at 56.14.

Which has grown faster, APP or FTNT?

Over the past five years, APP grew revenue faster — APP at a 27.99% CAGR versus FTNT at 21.13%.

Is APP or FTNT more profitable?

APP runs the higher net margin — APP at 64.29% versus FTNT at 27.49%.

Which has been the better investment, APP or FTNT?

Over the past 5-year, APP delivered the higher annualized total return — APP at 42.36% versus FTNT at 36.10%. Past performance doesn't predict future results.

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

APP leads on 14 of 16 compared metrics.

A side-by-side comparison of AppLovin Corporation and Fortinet, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 23, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — APP vs FTNT

growth of $100 · last 5y

APP +619.9%FTNT +253.7%APP compounded faster

APP FTNT

APP vs FTNT: by the numbers

•APP is the larger company ($157.69B vs $106.52B market cap).
•APP trades at the lower earnings multiple (40.33 vs 56.14 P/E).
•APP converts more revenue to profit (64.29% vs 27.49% net margin).
•APP grew revenue faster over the past five years (27.99% vs 21.13% CAGR).

Which is better, APP or FTNT?

Metric tally: APP 14 · FTNT 2

It depends on what you're optimizing for:

ValueAPP(lower P/E)

GrowthAPP(faster 5Y revenue CAGR)

QualityAPP(higher ROIC)

Metrics side by side

Valuation

Metric	APP	FTNT
P/E ratio	40.33●	56.14
Forward P/E	21.92●	42.53
P/S ratio	25.79	15.19●
P/B ratio	67.27●	109.12
PEG ratio	0.62●	4.64
EV / EBITDA	32.32●	39.52
FCF yield	2.77%●	2.26%

Profitability

Metric	APP	FTNT
Gross margin	88.37%●	80.67%
Operating margin	77.09%●	31.06%
Net margin	64.29%●	27.49%
ROE	167.67%	197.48%●
ROIC	60.71%●	28.75%

Growth (annualized)

Metric	APP	FTNT
Revenue CAGR (5Y)	27.99%●	21.13%
EPS CAGR (5Y)	73.54%●	32.39%
FCF CAGR (5Y)	79.57%●	21.24%
Total return CAGR (5Y)	42.36%●	24.62%

Frequently asked

Which is better, APP or FTNT?: It depends on your goal. value: APP (lower P/E); growth: APP (faster 5Y revenue CAGR); quality: APP (higher ROIC). Across all compared metrics, APP leads 14 to 2.
Is APP or FTNT cheaper?: On trailing earnings, APP is cheaper: APP trades at a 40.33 P/E and FTNT at 56.14.
Which has grown faster, APP or FTNT?: Over the past five years, APP grew revenue faster — APP at a 27.99% CAGR versus FTNT at 21.13%.
Is APP or FTNT more profitable?: APP runs the higher net margin — APP at 64.29% versus FTNT at 27.49%.
Which has been the better investment, APP or FTNT?: Over the past 5-year, APP delivered the higher annualized total return — APP at 42.36% versus FTNT at 36.10%. 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 June 23, 2026.