Fortinet, Inc. (FTNT) vs QUALCOMM Incorporated (QCOM)

A side-by-side comparison of Fortinet, Inc. and QUALCOMM Incorporated 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.

Compare

Total returnFTNT vs QCOM

growth of $100 · dividends reinvested · last 10y
FTNT +2117.5% (+36.3%/yr)QCOM +266.0% (+13.9%/yr)FTNT compounded faster over this window
Log scale — wide-divergence pair
101001k10kStart $10020182020202220242026$2,217$366
FTNT QCOM

FTNT vs QCOM: by the numbers

  • QCOM is the larger company ($191.07B vs $114.51B market cap).
  • QCOM trades at the lower trailing earnings multiple (20.77 vs 54.95 P/E), one valuation lens rather than an overall verdict.
  • FTNT converts more revenue to profit (28.17% vs 21.01% net margin).
  • FTNT grew revenue faster over the past five years (20.93% vs 6.23% CAGR).
  • QCOM pays a dividend (2.05% yield), while FTNT has no payments in the available dividend history.

Metrics side by side

Valuation

MetricFTNTQCOM
P/E ratio54.9520.77
Forward P/E45.2417.26
P/S ratio15.214.34
P/B ratio73.836.91
EV / EBITDA41.6017.11
FCF yield2.72%5.45%

Profitability

MetricFTNTQCOM
Gross margin80.38%54.23%
Operating margin32.43%23.19%
Net margin28.17%21.01%
ROE136.72%33.48%
ROIC32.78%17.42%

Dividends

MetricFTNTQCOM
Dividend yieldN/A2.05%
Payout ratioN/A41.32%

Growth (annualized)

MetricFTNTQCOM
Revenue CAGR (5Y)20.93%6.23%
EPS CAGR (5Y)32.39%2.02%
FCF CAGR (5Y)22.98%2.09%
Total return CAGR (5Y)20.67%6.80%

Frequently asked

Which has the lower trailing P/E, FTNT or QCOM?
QCOM has the lower trailing P/E: FTNT trades at 54.95 and QCOM at 20.77. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FTNT or QCOM?
Over the past five years, FTNT grew revenue faster — FTNT at a 20.93% CAGR versus QCOM at 6.23%.
Does FTNT or QCOM pay a bigger dividend?
QCOM pays a dividend (2.05% yield), while FTNT has no payments in the available dividend history.
Is FTNT or QCOM more profitable?
FTNT runs the higher net margin — FTNT at 28.17% versus QCOM at 21.01%.
How have FTNT and QCOM total returns compared?
Over the past 10 years, FTNT delivered 36.35% and QCOM delivered 14.33% annualized total return. Past performance doesn't predict future results.

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.