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Fortinet, Inc. (FTNT) Return on Invested Capital (ROIC): 28.75%

Is Fortinet, Inc.’s return on invested capital (ROIC) high or low?

Fortinet, Inc.'s return on invested capital (ROIC) of 28.75% is 10% above its 5-year average of 26.02%, near the high end of its 5-year range (17.65%–31.16%).

The return on invested capital (ROIC) for Fortinet, Inc. (FTNT) is 28.75% as of Wednesday, June 10, 2026. It is above its 12-month average by 2.77% (27.98%).

FTNT Return on Invested Capital (ROIC) Chart

FTNT Return on Invested Capital (ROIC)
28.75%+5.70% 1Y
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FTNT Average Return on Invested Capital (ROIC) Chart

FTNT Current vs Average Return on Invested Capital (ROIC) Chart

FTNT Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

28.75%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

27.98%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

29.21%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

26.02%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

16.98%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

14.38%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

7.92%

CURRENT VS TTM AVG

+2.77%

CURRENT VS 3Y AVG

-1.57%

CURRENT VS 5Y AVG

+10.48%

CURRENT VS 10Y AVG

+69.31%

CURRENT VS 15Y AVG

+99.98%

CURRENT VS 20Y AVG

+263.17%

FTNT Competitors' Return on Invested Capital (ROIC)

NAMEMARKET CAPRETURN ON INVESTED CAPITAL (ROIC)TTM3Y5Y
Fortinet, Inc. (FTNT)28.75%27.98%29.21%26.02%
Cadence Design Systems, Inc. (CDNS)$105.80B14.11%13.77%18.23%18.78%
Accenture plc (ACN)$106.76B16.99%17.99%19.80%19.97%
Adobe Inc. (ADBE)$94.61B36.69%31.05%27.82%27.06%
ServiceNow, Inc. (NOW)$110.32B8.98%9.10%7.41%6.12%
Synopsys, Inc. (SNPS)$87.82B1.97%7.00%11.24%10.99%
Snowflake Inc. (SNOW)$83.15B-30.15%-27.70%-22.31%-18.89%
Datadog, Inc. (DDOG)$81.03B-0.74%0.17%-0.79%-0.84%
Intuit Inc. (INTU)$80.36B14.78%13.40%11.41%13.64%
Cloudflare, Inc. (NET)$77.62B-4.10%-5.08%-6.88%-6.94%

Capital Efficiency

ROIC

28.8%

ROE

197.5%

Fortinet, Inc. Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital

Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Fortinet, Inc. Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Fortinet, Inc. (FTNT)?
The return on invested capital (ROIC) for FTNT stock is 28.75%.
Is Fortinet, Inc.'s return on invested capital (ROIC) high or low?
Fortinet, Inc.'s return on invested capital (ROIC) of 28.75% is 10% above its 5-year average of 26.02%, near the high end of its 5-year range (17.65%–31.16%).
What is the TTM average return on invested capital (ROIC) for Fortinet, Inc. (FTNT)?
The TTM average return on invested capital (ROIC) for FTNT stock is 27.98%.
What is the 3Y average return on invested capital (ROIC) for Fortinet, Inc. (FTNT)?
The 3Y average return on invested capital (ROIC) for FTNT stock is 29.21%.
What is the 5Y average return on invested capital (ROIC) for Fortinet, Inc. (FTNT)?
The 5Y average return on invested capital (ROIC) for FTNT stock is 26.02%.
What is the 10Y average return on invested capital (ROIC) for Fortinet, Inc. (FTNT)?
The 10Y average return on invested capital (ROIC) for FTNT stock is 16.98%.
What is the 15Y average return on invested capital (ROIC) for Fortinet, Inc. (FTNT)?
The 15Y average return on invested capital (ROIC) for FTNT stock is 14.38%.
What is the 20Y average return on invested capital (ROIC) for Fortinet, Inc. (FTNT)?
The 20Y average return on invested capital (ROIC) for FTNT stock is 7.92%.

Fortinet, Inc. Return on Invested Capital (ROIC) History

DATERETURN ON INVESTED CAPITAL (ROIC)
2025-12-3128.75%
2024-12-3127.20%
2023-12-3131.16%
2022-12-3129.72%
2021-12-3117.65%
2020-12-3121.65%
2019-12-3112.45%
2018-12-3112.87%
2017-12-312.26%
2016-12-312.45%
2015-12-310.63%
2014-12-312.63%
2013-12-315.56%
2012-12-319.75%
2011-12-3112.90%
2010-12-3112.39%
2009-12-3112.26%
2008-12-318.03%
2007-12-31-91.98%
2006-12-310.00%

About Fortinet, Inc.

Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.

Sunnyvale, CA
14,556 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Ken Xie