PortfoliosLab logo
FTNT vs. PANW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between FTNT and PANW is 0.49, 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. PANW - Performance Comparison

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

1,600.00%1,800.00%2,000.00%2,200.00%2,400.00%December2025FebruaryMarchAprilMay
1,982.23%
2,029.08%
FTNT
PANW

Key characteristics

Sharpe Ratio

FTNT:

1.53

PANW:

0.68

Sortino Ratio

FTNT:

2.67

PANW:

1.20

Omega Ratio

FTNT:

1.37

PANW:

1.15

Calmar Ratio

FTNT:

2.14

PANW:

0.95

Martin Ratio

FTNT:

9.22

PANW:

2.88

Ulcer Index

FTNT:

7.18%

PANW:

8.84%

Daily Std Dev

FTNT:

42.06%

PANW:

36.25%

Max Drawdown

FTNT:

-51.20%

PANW:

-47.98%

Current Drawdown

FTNT:

-14.69%

PANW:

-9.48%

Fundamentals

Market Cap

FTNT:

$80.13B

PANW:

$124.56B

EPS

FTNT:

$2.26

PANW:

$1.76

PE Ratio

FTNT:

46.11

PANW:

106.89

PEG Ratio

FTNT:

3.07

PANW:

2.30

PS Ratio

FTNT:

14.03

PANW:

14.53

PB Ratio

FTNT:

54.66

PANW:

19.49

Total Revenue (TTM)

FTNT:

$4.60B

PANW:

$6.59B

Gross Profit (TTM)

FTNT:

$3.75B

PANW:

$4.86B

EBITDA (TTM)

FTNT:

$1.70B

PANW:

$1.26B

Returns By Period

The year-to-date returns for both investments are quite close, with FTNT having a 3.45% return and PANW slightly higher at 3.61%. Over the past 10 years, FTNT has outperformed PANW with an annualized return of 28.85%, while PANW has yielded a comparatively lower 22.30% annualized return.


FTNT

YTD

3.45%

1M

10.88%

6M

16.80%

1Y

63.91%

5Y*

29.10%

10Y*

28.85%

PANW

YTD

3.61%

1M

23.60%

6M

-2.57%

1Y

24.44%

5Y*

39.67%

10Y*

22.30%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Risk-Adjusted Performance

FTNT vs. PANW — 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

PANW
The Risk-Adjusted Performance Rank of PANW is 7575
Overall Rank
The Sharpe Ratio Rank of PANW is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of PANW is 7171
Sortino Ratio Rank
The Omega Ratio Rank of PANW is 6868
Omega Ratio Rank
The Calmar Ratio Rank of PANW is 8383
Calmar Ratio Rank
The Martin Ratio Rank of PANW is 7979
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. PANW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortinet, Inc. (FTNT) and Palo Alto Networks, Inc. (PANW). 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 PANW Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of FTNT and PANW, 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
0.68
FTNT
PANW

Dividends

FTNT vs. PANW - Dividend Comparison

Neither FTNT nor PANW has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

FTNT vs. PANW - Drawdown Comparison

The maximum FTNT drawdown since its inception was -51.20%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for FTNT and PANW. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-14.69%
-9.48%
FTNT
PANW

Volatility

FTNT vs. PANW - Volatility Comparison

Fortinet, Inc. (FTNT) has a higher volatility of 18.20% compared to Palo Alto Networks, Inc. (PANW) at 15.37%. This indicates that FTNT's price experiences larger fluctuations and is considered to be riskier than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%16.00%18.00%20.00%December2025FebruaryMarchAprilMay
18.20%
15.37%
FTNT
PANW

Financials

FTNT vs. PANW - Financials Comparison

This section allows you to compare key financial metrics between Fortinet, Inc. and Palo Alto Networks, 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


500.00M1.00B1.50B2.00BAprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
1.66B
2.26B
(FTNT) Total Revenue
(PANW) Total Revenue
Values in USD except per share items

FTNT vs. PANW - Profitability Comparison

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

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

70.0%75.0%80.0%AprilJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
81.1%
73.5%
(FTNT) Gross Margin
(PANW) 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%.

PANW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Palo Alto Networks, Inc. reported a gross profit of 1.66B and revenue of 2.26B. Therefore, the gross margin over that period was 73.5%.

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%.

PANW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Palo Alto Networks, Inc. reported an operating income of 240.40M and revenue of 2.26B, resulting in an operating margin of 10.7%.

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%.

PANW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Palo Alto Networks, Inc. reported a net income of 267.30M and revenue of 2.26B, resulting in a net margin of 11.8%.