Fortinet (FTNT) Market Cap 2009–2025

As of December 12, 2025, Fortinet had a market cap of $61.140 billion, which decreased by 0.31% compared to the previous trading day. Market capitalization, often referred to as market cap, represents the total value of a company's outstanding shares on the stock market and is a common measure of its overall size and valuation.

Data updated: Dec 12, 2025, 4:00 PM ET
Fortinet logo

Fortinet Inc. (FTNT)

🌍 United States 📈 NASDAQ 🏭 Technology 🏢 Software
Latest Market Cap
$61.140B ▼ 0.31%
Jan 1, 2025
$72.466B ▼ 15.63%
1 Year Ago
$75.074B ▼ 18.56%
All-Time High
$88.100B ▼ 30.60%


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Note: Each point on the chart represents the market capitalization at the end of the trading day.
Source: Data compiled from EDGAR filings, Bloomberg and Yahoo Finance.


📈 Fortinet Market Cap History by Year and Month

Fortinet Market Cap History by Year and Month
Year / MonthMarket Cap% Change
2025$61.140B▼ 15.63%
$61.140B▲ 1.34%
$60.330B▼ 8.91%
$66.230B▲ 2.79%
$64.430B▲ 6.74%
$60.360B▼ 21.07%
$76.470B▼ 5.50%
$80.920B▲ 3.88%
$77.900B▼ 1.83%
$79.350B▲ 7.16%
$74.050B▼ 10.85%
$83.060B▲ 7.35%
$77.370B▲ 6.77%
2024$72.466B▲ 61.23%
2023$44.946B▲ 17.68%
2022$38.195B▼ 34.40%
2021$58.223B▲ 141.23%

All market cap values reflect closing prices for the period shown.


📊 Fortinet Market Cap and Other Industry Peers

Below are selected companies from the Technology sector / subsector:

  1. $3.555T
  2. $541.08B
  3. $180.05B
  4. $133.59B
  5. $127.25B
  6. $63.11B
  7. $61.14B
  8. $59.03B
  9. $51.19B
  10. $50.71B
  11. $47.98B
  12. $43.73B
  13. $37.67B
  14. $17.07B
  15. $16.32B
  16. $9.32B
  17. $6.65B
  18. $6.45B
  19. $5.13B
  20. $2.92B

Data reflect the most recent market capitalization values available.

💡 What Is Market Capitalization and How Do We Calculate It?

For Fortinet Inc. (FTNT), market capitalization represents the total market value of the company’s publicly traded shares. It helps investors understand Fortinet’s size within the technology sector and compare it with other companies in the same industry.

In most cases, market capitalization is calculated by multiplying the current share price by the number of basic shares outstanding. Basic shares represent the actual number of common shares that currently exist, without including potential future shares from employee stock options, RSUs, warrants, or convertible securities. For example, if Fortinet had one million basic shares and each traded at $50, its market capitalization would be $50 million.

Formula:
Market Cap = Share Price × Shares Outstanding

The value of Fortinet’s market capitalization changes throughout the trading day because it mainly depends on the current share price. The number of shares outstanding typically remains stable unless the company issues new shares, buys back its own stock, or grants stock options to employees.

Based on the latest data, Fortinet had a market capitalization of $61.140 billion, placing it in the large-cap category within the technology industry.

Disclaimer: Despite all efforts, there may still be minor inaccuracies present in the data.