Which has the lower trailing P/E, FTNT or SHOP?

FTNT has the lower trailing P/E: FTNT trades at 57.02 and SHOP at 114.85. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, FTNT or SHOP?

Over the past five years, SHOP grew revenue faster — FTNT at a 20.93% CAGR versus SHOP at 29.11%.

Is FTNT or SHOP more profitable?

FTNT runs the higher net margin — FTNT at 28.17% versus SHOP at 10.77%.

How have FTNT and SHOP total returns compared?

Over the past 10 years, FTNT delivered 37.01% and SHOP delivered 42.34% annualized total return. Past performance doesn't predict future results.

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

A side-by-side comparison of Fortinet, Inc. and Shopify Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 31, 2026. Differences are shown without an overall score or investment verdict.

FTNT

Fortinet, Inc.

$118.65B

$161.95TechnologyDelayed quote: Jul 31, 2026, 4:00 PM EDT

SHOP

Shopify Inc.

$152.02B

$117.15TechnologyAt close: Jul 31, 2026, 4:00 PM ET

Total return — FTNT vs SHOP

growth of $100 · dividends reinvested · last 11y

FTNT +1995.1%SHOP +6791.2%SHOP compounded faster

FTNT SHOP

FTNT vs SHOP: by the numbers

•SHOP is the larger company ($152.02B vs $118.65B market cap).
•FTNT trades at the lower trailing earnings multiple (57.02 vs 114.85 P/E), one valuation lens rather than an overall verdict.
•FTNT converts more revenue to profit (28.17% vs 10.77% net margin).
•SHOP grew revenue faster over the past five years (29.11% vs 20.93% CAGR).

Metrics side by side

Valuation

Metric	FTNT	SHOP
P/E ratio	57.02	114.85
Forward P/E	47.77	63.99
P/S ratio	15.95	12.35
P/B ratio	77.40	12.17
PEG ratio	4.64	4.01
EV / EBITDA	46.70	90.05
FCF yield	2.60%	1.39%

Profitability

Metric	FTNT	SHOP
Gross margin	80.38%	47.97%
Operating margin	32.43%	13.32%
Net margin	28.17%	10.77%
ROE	136.72%	10.62%
ROIC	28.75%	8.67%

Growth (annualized)

Metric	FTNT	SHOP
Revenue CAGR (5Y)	20.93%	29.11%
EPS CAGR (5Y)	32.39%	28.61%
FCF CAGR (5Y)	22.98%	28.17%
Total return CAGR (5Y)	24.35%	-4.82%

Frequently asked

Which has the lower trailing P/E, FTNT or SHOP?: FTNT has the lower trailing P/E: FTNT trades at 57.02 and SHOP at 114.85. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FTNT or SHOP?: Over the past five years, SHOP grew revenue faster — FTNT at a 20.93% CAGR versus SHOP at 29.11%.
Is FTNT or SHOP more profitable?: FTNT runs the higher net margin — FTNT at 28.17% versus SHOP at 10.77%.
How have FTNT and SHOP total returns compared?: Over the past 10 years, FTNT delivered 37.01% and SHOP delivered 42.34% annualized total return. 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 July 31, 2026.