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CRWD vs. FTNT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between CRWD and FTNT is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Performance

CRWD vs. FTNT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CrowdStrike Holdings, Inc. (CRWD) and Fortinet, Inc. (FTNT). The values are adjusted to include any dividend payments, if applicable.

450.00%500.00%550.00%600.00%650.00%700.00%December2025FebruaryMarchAprilMay
628.48%
593.08%
CRWD
FTNT

Key characteristics

Sharpe Ratio

CRWD:

0.69

FTNT:

1.98

Sortino Ratio

CRWD:

1.25

FTNT:

3.29

Omega Ratio

CRWD:

1.16

FTNT:

1.44

Calmar Ratio

CRWD:

0.81

FTNT:

2.62

Martin Ratio

CRWD:

1.84

FTNT:

11.41

Ulcer Index

CRWD:

19.65%

FTNT:

7.12%

Daily Std Dev

CRWD:

52.68%

FTNT:

41.16%

Max Drawdown

CRWD:

-67.69%

FTNT:

-51.20%

Current Drawdown

CRWD:

-7.21%

FTNT:

-6.85%

Fundamentals

Market Cap

CRWD:

$109.21B

FTNT:

$80.13B

EPS

CRWD:

-$0.09

FTNT:

$2.26

PEG Ratio

CRWD:

5.12

FTNT:

3.07

PS Ratio

CRWD:

27.80

FTNT:

14.03

PB Ratio

CRWD:

33.30

FTNT:

54.66

Total Revenue (TTM)

CRWD:

$3.03B

FTNT:

$4.60B

Gross Profit (TTM)

CRWD:

$2.27B

FTNT:

$3.75B

EBITDA (TTM)

CRWD:

$185.68M

FTNT:

$1.70B

Returns By Period

In the year-to-date period, CRWD achieves a 23.49% return, which is significantly higher than FTNT's 12.96% return.


CRWD

YTD

23.49%

1M

30.26%

6M

32.04%

1Y

35.18%

5Y*

40.86%

10Y*

N/A

FTNT

YTD

12.96%

1M

21.27%

6M

31.96%

1Y

79.57%

5Y*

31.42%

10Y*

29.98%

*Annualized

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Risk-Adjusted Performance

CRWD vs. FTNT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRWD
The Risk-Adjusted Performance Rank of CRWD is 7474
Overall Rank
The Sharpe Ratio Rank of CRWD is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of CRWD is 7272
Sortino Ratio Rank
The Omega Ratio Rank of CRWD is 7070
Omega Ratio Rank
The Calmar Ratio Rank of CRWD is 8181
Calmar Ratio Rank
The Martin Ratio Rank of CRWD is 7272
Martin Ratio Rank

FTNT
The Risk-Adjusted Performance Rank of FTNT is 9595
Overall Rank
The Sharpe Ratio Rank of FTNT is 9595
Sharpe Ratio Rank
The Sortino Ratio Rank of FTNT is 9696
Sortino Ratio Rank
The Omega Ratio Rank of FTNT is 9595
Omega Ratio Rank
The Calmar Ratio Rank of FTNT is 9595
Calmar Ratio Rank
The Martin Ratio Rank of FTNT is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CRWD vs. FTNT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for CrowdStrike Holdings, Inc. (CRWD) and Fortinet, Inc. (FTNT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current CRWD Sharpe Ratio is 0.69, which is lower than the FTNT Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of CRWD and FTNT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50December2025FebruaryMarchAprilMay
0.67
1.95
CRWD
FTNT

Dividends

CRWD vs. FTNT - Dividend Comparison

Neither CRWD nor FTNT has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

CRWD vs. FTNT - Drawdown Comparison

The maximum CRWD drawdown since its inception was -67.69%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for CRWD and FTNT. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-7.21%
-6.85%
CRWD
FTNT

Volatility

CRWD vs. FTNT - Volatility Comparison

CrowdStrike Holdings, Inc. (CRWD) has a higher volatility of 19.37% compared to Fortinet, Inc. (FTNT) at 15.39%. This indicates that CRWD's price experiences larger fluctuations and is considered to be riskier than FTNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%December2025FebruaryMarchAprilMay
19.37%
15.39%
CRWD
FTNT

Financials

CRWD vs. FTNT - Financials Comparison

This section allows you to compare key financial metrics between CrowdStrike Holdings, Inc. and Fortinet, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


0.00500.00M1.00B1.50BJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
1.06B
1.66B
(CRWD) Total Revenue
(FTNT) Total Revenue
Values in USD except per share items

CRWD vs. FTNT - Profitability Comparison

The chart below illustrates the profitability comparison between CrowdStrike Holdings, Inc. and Fortinet, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

72.0%74.0%76.0%78.0%80.0%82.0%JulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
74.1%
81.1%
(CRWD) Gross Margin
(FTNT) Gross Margin
CRWD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, CrowdStrike Holdings, Inc. reported a gross profit of 784.55M and revenue of 1.06B. Therefore, the gross margin over that period was 74.1%.

FTNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a gross profit of 1.35B and revenue of 1.66B. Therefore, the gross margin over that period was 81.1%.

CRWD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, CrowdStrike Holdings, Inc. reported an operating income of -85.30M and revenue of 1.06B, resulting in an operating margin of -8.1%.

FTNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported an operating income of 574.10M and revenue of 1.66B, resulting in an operating margin of 34.6%.

CRWD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, CrowdStrike Holdings, Inc. reported a net income of -92.28M and revenue of 1.06B, resulting in a net margin of -8.7%.

FTNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Fortinet, Inc. reported a net income of 526.20M and revenue of 1.66B, resulting in a net margin of 31.7%.