Which has grown faster, FTNT or NET?

Over the past five years, NET grew revenue faster — FTNT at a 21.13% CAGR versus NET at 37.27%.

Is FTNT or NET more profitable?

FTNT runs the higher net margin — FTNT at 27.49% versus NET at -3.72%.

Which has been the better investment, FTNT or NET?

Over the past 5-year, FTNT delivered the higher annualized total return — FTNT at 36.02% versus NET at 19.43%. Past performance doesn't predict future results.

Fortinet, Inc. (FTNT) vs Cloudflare, Inc. (NET)

FTNT leads on 10 of 12 compared metrics.

A side-by-side comparison of Fortinet, Inc. and Cloudflare, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 15, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — FTNT vs NET

growth of $100 · last 7y

FTNT +836.6%NET +1169.3%NET compounded faster

FTNT NET

FTNT vs NET: by the numbers

•FTNT is the larger company ($107.19B vs $81.10B market cap).
•FTNT is profitable (27.49% net margin) while NET runs a net loss (-3.72%).
•NET grew revenue faster over the past five years (37.27% vs 21.13% CAGR).

Which is better, FTNT or NET?

Metric tally: FTNT 10 · NET 2

It depends on what you're optimizing for:

GrowthNET(faster 5Y revenue CAGR)

QualityFTNT(higher ROIC)

Metrics side by side

Valuation

Metric	FTNT	NET
P/E ratio	56.49	—
Forward P/E	42.79●	144.58
P/S ratio	15.29●	34.60
P/B ratio	109.80	52.77●
PEG ratio	4.54	—
EV / EBITDA	39.77●	603.02
FCF yield	2.24%●	0.44%

Profitability

Metric	FTNT	NET
Gross margin	80.67%●	73.33%
Operating margin	31.06%●	-9.27%
Net margin	27.49%●	-3.72%
ROE	197.48%●	-5.68%
ROIC	28.75%●	-4.10%

Growth (annualized)

Metric	FTNT	NET
Revenue CAGR (5Y)	21.13%	37.27%●
EPS CAGR (5Y)	32.39%	—
FCF CAGR (5Y)	21.24%	—
Total return CAGR (5Y)	26.14%●	19.43%

Frequently asked

Which is better, FTNT or NET?: It depends on your goal. growth: NET (faster 5Y revenue CAGR); quality: FTNT (higher ROIC). Across all compared metrics, FTNT leads 10 to 2.
Which has grown faster, FTNT or NET?: Over the past five years, NET grew revenue faster — FTNT at a 21.13% CAGR versus NET at 37.27%.
Is FTNT or NET more profitable?: FTNT runs the higher net margin — FTNT at 27.49% versus NET at -3.72%.
Which has been the better investment, FTNT or NET?: Over the past 5-year, FTNT delivered the higher annualized total return — FTNT at 36.02% versus NET at 19.43%. Past performance doesn't predict future results.

Go deeper

Full FTNT analysis Full NET analysis Interactive comparison tool

Dig into the metrics

Fortinet P/E ratio Cloudflare P/E ratio Fortinet dividend yield Cloudflare dividend yield Fortinet ROE Cloudflare ROE Fortinet operating margin Cloudflare operating margin Fortinet revenue growth Cloudflare revenue growth Fortinet free cash flow Cloudflare free cash flow

Fortinet & Cloudflare 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 15, 2026.