Is FTNT or SHOP cheaper?

On trailing earnings, FTNT is cheaper: FTNT trades at a 56.49 P/E and SHOP at 106.12.

Which has grown faster, FTNT or SHOP?

Over the past five years, SHOP grew revenue faster — FTNT at a 21.13% CAGR versus SHOP at 29.11%.

Is FTNT or SHOP more profitable?

FTNT runs the higher net margin — FTNT at 27.49% versus SHOP at 10.77%.

Which has been the better investment, FTNT or SHOP?

Over the past 10-year, SHOP delivered the higher annualized total return — FTNT at 36.02% versus SHOP at 43.95%. Past performance doesn't predict future results.

Fortinet, Inc. (FTNT) vs Shopify Inc. (SHOP)

FTNT leads on 11 of 16 compared metrics.

A side-by-side comparison of Fortinet, Inc. and Shopify Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — FTNT vs SHOP

growth of $100 · last 11y

FTNT +1785.3%SHOP +6267.1%SHOP compounded faster

FTNT SHOP

FTNT vs SHOP: by the numbers

•SHOP is the larger company ($140.46B vs $107.19B market cap).
•FTNT trades at the lower earnings multiple (56.49 vs 106.12 P/E).
•FTNT converts more revenue to profit (27.49% vs 10.77% net margin).
•SHOP grew revenue faster over the past five years (29.11% vs 21.13% CAGR).

Which is better, FTNT or SHOP?

Metric tally: FTNT 11 · SHOP 5

It depends on what you're optimizing for:

ValueFTNT(lower P/E)

GrowthSHOP(faster 5Y revenue CAGR)

QualityFTNT(higher ROIC)

Valuation

Metric	FTNT	SHOP
P/E ratio	56.49●	106.12
Forward P/E	42.79●	46.86
P/S ratio	15.29	11.41●
P/B ratio	109.80	11.25●
PEG ratio	4.54	3.71●
EV / EBITDA	39.77●	240.76
FCF yield	2.24%●	1.51%

Profitability

Metric	FTNT	SHOP
Gross margin	80.67%●	47.97%
Operating margin	31.06%●	13.32%
Net margin	27.49%●	10.77%
ROE	197.48%●	10.62%
ROIC	28.75%●	8.67%

Growth (annualized)

Metric	FTNT	SHOP
Revenue CAGR (5Y)	21.13%	29.11%●
EPS CAGR (5Y)	32.39%●	28.61%
FCF CAGR (5Y)	21.24%	28.17%●
Total return CAGR (5Y)	26.14%●	-2.79%

Frequently asked

Which is better, FTNT or SHOP?: It depends on your goal. value: FTNT (lower P/E); growth: SHOP (faster 5Y revenue CAGR); quality: FTNT (higher ROIC). Across all compared metrics, FTNT leads 11 to 5.
Is FTNT or SHOP cheaper?: On trailing earnings, FTNT is cheaper: FTNT trades at a 56.49 P/E and SHOP at 106.12.
Which has grown faster, FTNT or SHOP?: Over the past five years, SHOP grew revenue faster — FTNT at a 21.13% CAGR versus SHOP at 29.11%.
Is FTNT or SHOP more profitable?: FTNT runs the higher net margin — FTNT at 27.49% versus SHOP at 10.77%.
Which has been the better investment, FTNT or SHOP?: Over the past 10-year, SHOP delivered the higher annualized total return — FTNT at 36.02% versus SHOP at 43.95%. Past performance doesn't predict future results.

Go deeper

Full FTNT analysis Full SHOP analysis Interactive comparison tool

Dig into the metrics

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

Fortinet & Shopify 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 13, 2026.