Fortinet, Inc. (FTNT) vs Western Digital Corporation (WDC)
A side-by-side comparison of Fortinet, Inc. and Western Digital Corporation 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.
$156.07TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
WDC
Western Digital Corporation
$447.18TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — FTNT vs WDC
growth of $100 · dividends reinvested · last 10yFTNT +2117.5% (+36.3%/yr)WDC +1262.7% (+29.8%/yr)FTNT compounded faster over this window
FTNT WDC
FTNT vs WDC: by the numbers
- •WDC is the larger company ($154.13B vs $114.51B market cap).
- •WDC trades at the lower trailing earnings multiple (18.02 vs 54.95 P/E), one valuation lens rather than an overall verdict.
- •WDC converts more revenue to profit (72.95% vs 28.17% net margin).
- •FTNT grew revenue faster over the past five years (20.93% vs -5.25% CAGR).
- •WDC pays a dividend (0.10% yield), while FTNT has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | FTNT | WDC |
|---|---|---|
| P/E ratio | 54.95 | 18.02 |
| Forward P/E | 45.24 | 22.00 |
| P/S ratio | 15.21 | 11.93 |
| P/B ratio | 73.83 | 17.39 |
| EV / EBITDA | 41.60 | 31.46 |
| FCF yield | 2.72% | 2.09% |
Profitability
| Metric | FTNT | WDC |
|---|---|---|
| Gross margin | 80.38% | 48.85% |
| Operating margin | 32.43% | 34.89% |
| Net margin | 28.17% | 72.95% |
| ROE | 136.72% | 106.32% |
| ROIC | 32.78% | 40.19% |
Dividends
| Metric | FTNT | WDC |
|---|---|---|
| Dividend yield | N/A | 0.10% |
| Payout ratio | N/A | 2.01% |
Growth (annualized)
| Metric | FTNT | WDC |
|---|---|---|
| Revenue CAGR (5Y) | 20.93% | -5.25% |
| EPS CAGR (5Y) | 32.39% | 58.48% |
| FCF CAGR (5Y) | 22.98% | 29.14% |
| Total return CAGR (5Y) | 20.67% | 61.31% |
Frequently asked
- Which has the lower trailing P/E, FTNT or WDC?
- WDC has the lower trailing P/E: FTNT trades at 54.95 and WDC at 18.02. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, FTNT or WDC?
- Over the past five years, FTNT grew revenue faster — FTNT at a 20.93% CAGR versus WDC at -5.25%.
- Does FTNT or WDC pay a bigger dividend?
- WDC pays a dividend (0.10% yield), while FTNT has no payments in the available dividend history.
- Is FTNT or WDC more profitable?
- WDC runs the higher net margin — FTNT at 28.17% versus WDC at 72.95%.
- How have FTNT and WDC total returns compared?
- Over the past 10 years, FTNT delivered 36.35% and WDC delivered 30.28% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Fortinet P/E ratioWestern Digital P/E ratioWestern Digital dividend yieldFortinet ROEWestern Digital ROEFortinet operating marginWestern Digital operating marginFortinet revenue growthWestern Digital revenue growthFortinet free cash flowWestern Digital free cash flow
Fortinet & Western Digital appear in these rankings
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.