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 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)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | — | 28.75% | 27.98% | 29.21% | 26.02% |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 14.11% | 13.77% | 18.23% | 18.78% |
| Accenture plc (ACN) | $106.76B | 16.99% | 17.99% | 19.80% | 19.97% |
| Adobe Inc. (ADBE) | $94.61B | 36.69% | 31.05% | 27.82% | 27.06% |
| ServiceNow, Inc. (NOW) | $110.32B | 8.98% | 9.10% | 7.41% | 6.12% |
| Synopsys, Inc. (SNPS) | $87.82B | 1.97% | 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) | $80.36B | 14.78% | 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
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 28.75% |
| 2024-12-31 | 27.20% |
| 2023-12-31 | 31.16% |
| 2022-12-31 | 29.72% |
| 2021-12-31 | 17.65% |
| 2020-12-31 | 21.65% |
| 2019-12-31 | 12.45% |
| 2018-12-31 | 12.87% |
| 2017-12-31 | 2.26% |
| 2016-12-31 | 2.45% |
| 2015-12-31 | 0.63% |
| 2014-12-31 | 2.63% |
| 2013-12-31 | 5.56% |
| 2012-12-31 | 9.75% |
| 2011-12-31 | 12.90% |
| 2010-12-31 | 12.39% |
| 2009-12-31 | 12.26% |
| 2008-12-31 | 8.03% |
| 2007-12-31 | -91.98% |
| 2006-12-31 | 0.00% |
Related Metrics
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.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Ken Xie