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

Correlation

The correlation between FTNT and NOW is 0.57, 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

FTNT vs. NOW - Performance Comparison

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

1,500.00%2,000.00%2,500.00%3,000.00%3,500.00%4,000.00%4,500.00%5,000.00%December2025FebruaryMarchAprilMay
2,004.65%
3,861.34%
FTNT
NOW

Key characteristics

Sharpe Ratio

FTNT:

1.53

NOW:

0.81

Sortino Ratio

FTNT:

2.67

NOW:

1.36

Omega Ratio

FTNT:

1.37

NOW:

1.19

Calmar Ratio

FTNT:

2.14

NOW:

0.89

Martin Ratio

FTNT:

9.22

NOW:

2.48

Ulcer Index

FTNT:

7.18%

NOW:

13.79%

Daily Std Dev

FTNT:

42.06%

NOW:

43.80%

Max Drawdown

FTNT:

-51.20%

NOW:

-51.30%

Current Drawdown

FTNT:

-14.69%

NOW:

-16.74%

Fundamentals

Market Cap

FTNT:

$80.13B

NOW:

$202.44B

EPS

FTNT:

$2.26

NOW:

$7.34

PE Ratio

FTNT:

46.11

NOW:

133.25

PEG Ratio

FTNT:

3.07

NOW:

2.13

PS Ratio

FTNT:

14.03

NOW:

17.29

PB Ratio

FTNT:

54.66

NOW:

19.56

Total Revenue (TTM)

FTNT:

$4.60B

NOW:

$11.47B

Gross Profit (TTM)

FTNT:

$3.75B

NOW:

$9.05B

EBITDA (TTM)

FTNT:

$1.70B

NOW:

$2.34B

Returns By Period

In the year-to-date period, FTNT achieves a 3.45% return, which is significantly higher than NOW's -8.08% return. Both investments have delivered pretty close results over the past 10 years, with FTNT having a 28.85% annualized return and NOW not far ahead at 29.49%.


FTNT

YTD

3.45%

1M

10.88%

6M

16.80%

1Y

63.91%

5Y*

29.10%

10Y*

28.85%

NOW

YTD

-8.08%

1M

33.93%

6M

-4.02%

1Y

35.15%

5Y*

20.97%

10Y*

29.49%

*Annualized

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Risk-Adjusted Performance

FTNT vs. NOW — Risk-Adjusted Performance Rank

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

FTNT
The Risk-Adjusted Performance Rank of FTNT is 9393
Overall Rank
The Sharpe Ratio Rank of FTNT is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of FTNT is 9292
Sortino Ratio Rank
The Omega Ratio Rank of FTNT is 9292
Omega Ratio Rank
The Calmar Ratio Rank of FTNT is 9494
Calmar Ratio Rank
The Martin Ratio Rank of FTNT is 9494
Martin Ratio Rank

NOW
The Risk-Adjusted Performance Rank of NOW is 7777
Overall Rank
The Sharpe Ratio Rank of NOW is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of NOW is 7474
Sortino Ratio Rank
The Omega Ratio Rank of NOW is 7575
Omega Ratio Rank
The Calmar Ratio Rank of NOW is 8383
Calmar Ratio Rank
The Martin Ratio Rank of NOW is 7777
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.

FTNT vs. NOW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortinet, Inc. (FTNT) and ServiceNow, Inc. (NOW). 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 FTNT Sharpe Ratio is 1.53, which is higher than the NOW Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of FTNT and NOW, 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
1.53
0.81
FTNT
NOW

Dividends

FTNT vs. NOW - Dividend Comparison

Neither FTNT nor NOW has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

FTNT vs. NOW - Drawdown Comparison

The maximum FTNT drawdown since its inception was -51.20%, roughly equal to the maximum NOW drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for FTNT and NOW. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-14.69%
-16.74%
FTNT
NOW

Volatility

FTNT vs. NOW - Volatility Comparison

The current volatility for Fortinet, Inc. (FTNT) is 18.20%, while ServiceNow, Inc. (NOW) has a volatility of 21.30%. This indicates that FTNT experiences smaller price fluctuations and is considered to be less risky than NOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%December2025FebruaryMarchAprilMay
18.20%
21.30%
FTNT
NOW

Financials

FTNT vs. NOW - Financials Comparison

This section allows you to compare key financial metrics between Fortinet, Inc. and ServiceNow, 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


500.00M1.00B1.50B2.00B2.50B3.00B20212022202320242025
1.66B
3.09B
(FTNT) Total Revenue
(NOW) Total Revenue
Values in USD except per share items

FTNT vs. NOW - Profitability Comparison

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

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

74.0%76.0%78.0%80.0%82.0%20212022202320242025
81.1%
78.9%
(FTNT) Gross Margin
(NOW) Gross Margin
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%.

NOW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, ServiceNow, Inc. reported a gross profit of 2.44B and revenue of 3.09B. Therefore, the gross margin over that period was 78.9%.

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%.

NOW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, ServiceNow, Inc. reported an operating income of 451.00M and revenue of 3.09B, resulting in an operating margin of 14.6%.

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%.

NOW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, ServiceNow, Inc. reported a net income of 460.00M and revenue of 3.09B, resulting in a net margin of 14.9%.