Which has grown faster, FTNT or NET?

Over the past five years, NET grew revenue faster — FTNT at a 20.93% CAGR versus NET at 36.49%.

Is FTNT or NET more profitable?

FTNT runs the higher net margin — FTNT at 28.17% versus NET at -8.21%.

How have FTNT and NET total returns compared?

Over the past 5 years, FTNT delivered 20.67% and NET delivered 19.54% annualized total return. Past performance doesn't predict future results.

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

A side-by-side comparison of Fortinet, Inc. and Cloudflare, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.

FTNT

Fortinet, Inc.

$114.51B

$156.07TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT

NET

Cloudflare, Inc.

$108.80B

$306.53TechnologyDelayed quote: Sep 11, 2026, 4:02 PM EDT

Total return — FTNT vs NET

growth of $100 · dividends reinvested · last 7y

FTNT +917.0% (+39.3%/yr)NET +1628.7% (+50.3%/yr)NET compounded faster over this window

FTNT NET

FTNT vs NET: by the numbers

•FTNT is the larger company ($114.51B vs $108.80B market cap).
•FTNT is profitable (28.17% net margin) while NET runs a net loss (-8.21%).
•NET grew revenue faster over the past five years (36.49% vs 20.93% CAGR).

Metrics side by side

Valuation

Metric	FTNT	NET
P/E ratio	54.95	N/A
Forward P/E	45.24	243.00
P/S ratio	15.21	43.31
P/B ratio	73.83	67.16
EV / EBITDA	41.60	N/A
FCF yield	2.72%	0.35%

Profitability

Metric	FTNT	NET
Gross margin	80.38%	72.58%
Operating margin	32.43%	-14.11%
Net margin	28.17%	-8.21%
ROE	136.72%	-12.73%
ROIC	32.78%	-6.90%

Growth (annualized)

Metric	FTNT	NET
Revenue CAGR (5Y)	20.93%	36.49%
EPS CAGR (5Y)	32.39%	N/A
FCF CAGR (5Y)	22.98%	N/A
Total return CAGR (5Y)	20.67%	19.54%

Frequently asked

Which has grown faster, FTNT or NET?: Over the past five years, NET grew revenue faster — FTNT at a 20.93% CAGR versus NET at 36.49%.
Is FTNT or NET more profitable?: FTNT runs the higher net margin — FTNT at 28.17% versus NET at -8.21%.
How have FTNT and NET total returns compared?: Over the past 5 years, FTNT delivered 20.67% and NET delivered 19.54% annualized total return. 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 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 September 11, 2026.