FTNT vs PANW

Fortinet and Palo Alto Networks, both Technology

Palo Alto Networks is the larger company at $235B against $106B. On trailing earnings FTNT is the cheaper of the two at a P/E of 55.6 against 275.2, a gap that is only a bargain if the two are growing at similar rates. Over the past year FTNT returned +99% against +90% for PANW. Ryufin's sector-relative Smart Score puts FTNT ahead, 9/10 against 3/10.

Fortinet and Palo Alto Networkscompared on valuation, return and Ryufin’s Smart Score
FigureFTNTPANW
Last close$157$336
Market cap$106B$235B
Trailing P/Elower is cheaper for the same earnings, not automatically better55.6275.2
1-year return+99%+90%
5-year return+162%+434%
Ryufin Smart Scoresector-relative, 1–109/103/10

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Fortinet

Revenue of $2.0B in Q2 2026, net income $606M. Its largest reported line is EMEA, 43% of the disclosed total.

Palo Alto Networks

Revenue of $3.0B in Q3 2026, net income null. Its largest reported line is United States, 62% of the disclosed total.

Open these two in the interactive comparison to add more names, change the period or see the correlation.