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

TW has the lower trailing P/E: FTNT trades at 62.94 and TW at 24.12. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, FTNT or TW?

Over the past five years, FTNT grew revenue faster — FTNT at a 20.93% CAGR versus TW at 17.62%.

Does FTNT or TW pay a bigger dividend?

TW pays a dividend (0.51% yield), while FTNT has no payments in the available dividend history.

Is FTNT or TW more profitable?

TW runs the higher net margin — FTNT at 28.17% versus TW at 40.66%.

How have FTNT and TW total returns compared?

Over the past 5 years, FTNT delivered 20.23% and TW delivered 3.76% annualized total return. Past performance doesn't predict future results.

Fortinet, Inc. (FTNT) vs Tradeweb Markets Inc. (TW)

A side-by-side comparison of Fortinet, Inc. and Tradeweb Markets Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

Different business models: FTNT is classified in Technology; TW is classified in Financial Services. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

FTNT

Fortinet, Inc.

$131.16B

$178.76TechnologyDelayed quote: Sep 30, 2026, 4:00 PM EDT

Tradeweb Markets Inc.

$21.47B

$100.84Financial ServicesDelayed quote: Sep 30, 2026, 4:00 PM EDT

Total return — FTNT vs TW

growth of $100 · dividends reinvested · last 7y

FTNT +822.7% (+37.4%/yr)TW +197.7% (+16.9%/yr)FTNT compounded faster over this window

FTNT TW

FTNT vs TW: by the numbers

•FTNT is the larger company ($131.16B vs $21.47B market cap).
•TW trades at the lower trailing earnings multiple (24.12 vs 62.94 P/E), one valuation lens rather than an overall verdict.
•TW converts more revenue to profit (40.66% vs 28.17% net margin).
•FTNT grew revenue faster over the past five years (20.93% vs 17.62% CAGR).
•TW pays a dividend (0.51% yield), while FTNT has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	FTNT	TW
P/E ratio	62.94	24.12
Forward P/E	51.82	25.05
P/S ratio	17.42	9.73
P/B ratio	84.56	3.24
EV / EBITDA	47.78	N/A
FCF yield	2.38%	N/A

Profitability

Metric	FTNT	TW
Gross margin	80.38%	68.14%
Operating margin	32.43%	44.13%
Net margin	28.17%	40.66%
ROE	136.72%	13.52%
ROIC	32.78%	N/A

Dividends

Metric	FTNT	TW
Dividend yield	N/A	0.51%
Payout ratio	N/A	12.44%

Growth (annualized)

Metric	FTNT	TW
Revenue CAGR (5Y)	20.93%	17.62%
EPS CAGR (5Y)	32.39%	32.88%
FCF CAGR (5Y)	22.98%	N/A
Total return CAGR (5Y)	20.23%	3.76%

Frequently asked

Which has the lower trailing P/E, FTNT or TW?: TW has the lower trailing P/E: FTNT trades at 62.94 and TW at 24.12. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FTNT or TW?: Over the past five years, FTNT grew revenue faster — FTNT at a 20.93% CAGR versus TW at 17.62%.
Does FTNT or TW pay a bigger dividend?: TW pays a dividend (0.51% yield), while FTNT has no payments in the available dividend history.
Is FTNT or TW more profitable?: TW runs the higher net margin — FTNT at 28.17% versus TW at 40.66%.
How have FTNT and TW total returns compared?: Over the past 5 years, FTNT delivered 20.23% and TW delivered 3.76% annualized total return. Past performance doesn't predict future results.

Go deeper

Full FTNT analysis Full TW analysis Interactive comparison tool

Dig into the metrics

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

Fortinet & Tradeweb Markets 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 13, 2026.