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.

Compare

Total returnFTNT vs WDC

growth of $100 · dividends reinvested · last 10y
FTNT +2117.5% (+36.3%/yr)WDC +1262.7% (+29.8%/yr)FTNT compounded faster over this window
05001k2k2k3kStart $10020182020202220242026$2,217$1,363
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

MetricFTNTWDC
P/E ratio54.9518.02
Forward P/E45.2422.00
P/S ratio15.2111.93
P/B ratio73.8317.39
EV / EBITDA41.6031.46
FCF yield2.72%2.09%

Profitability

MetricFTNTWDC
Gross margin80.38%48.85%
Operating margin32.43%34.89%
Net margin28.17%72.95%
ROE136.72%106.32%
ROIC32.78%40.19%

Dividends

MetricFTNTWDC
Dividend yieldN/A0.10%
Payout ratioN/A2.01%

Growth (annualized)

MetricFTNTWDC
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.

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.