MITK vs. FTNT

Last updated Apr 1, 2026

Compare and contrast key facts about Mitek Systems, Inc. (MITK) and Fortinet, Inc. (FTNT).

Performance

MITK vs. FTNT - Performance Comparison

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

MITK vs. FTNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MITK Mitek Systems, Inc.	27.96%	-5.21%	-14.65%	34.57%	-45.41%	-0.17%	132.42%	-29.23%	20.78%	45.53%
FTNT Fortinet, Inc.	2.91%	-15.95%	61.42%	19.72%	-31.98%	141.97%	39.13%	51.58%	61.20%	45.05%

Fundamentals

Market Cap MITK : $636.69M FTNT : $61.13B
EPS MITK : $0.41 FTNT : $2.42
PE Ratio MITK : 32.73 FTNT : 33.70
PEG Ratio MITK : 0.76 FTNT : 0.93
PS Ratio MITK : 3.41 FTNT : 9.19
PB Ratio MITK : 2.72 FTNT : 49.40
Total Revenue (TTM) MITK : $186.68M FTNT : $6.80B
Gross Profit (TTM) MITK : $143.89M FTNT : $5.50B
EBITDA (TTM) MITK : $42.64M FTNT : $2.35B

Returns By Period

In the year-to-date period, MITK achieves a 27.96% return, which is significantly higher than FTNT's 2.91% return. Over the past 10 years, MITK has underperformed FTNT with an annualized return of 7.24%, while FTNT has yielded a comparatively higher 29.42% annualized return.

MITK

• 1D: 2.12%
• 1M: -7.41%
• YTD: 27.96%
• 6M: 38.18%
• 1Y: 63.64%
• 3Y*: 12.07%
• 5Y*: -2.41%
• 10Y*: 7.24%

FTNT

• 1D: 3.38%
• 1M: 3.40%
• YTD: 2.91%
• 6M: -2.81%
• 1Y: -15.10%
• 3Y*: 7.13%
• 5Y*: 17.00%
• 10Y*: 29.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MITK vs. FTNT — Risk / Return Rank

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

MITK

MITK Risk / Return Rank: 84
MITK Sharpe Ratio Rank: 81
MITK Sortino Ratio Rank: 86
MITK Omega Ratio Rank: 81
MITK Calmar Ratio Rank: 87
MITK Martin Ratio Rank: 84

FTNT

FTNT Risk / Return Rank: 27
FTNT Sharpe Ratio Rank: 26
FTNT Sortino Ratio Rank: 26
FTNT Omega Ratio Rank: 25
FTNT Calmar Ratio Rank: 27
FTNT Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MITK vs. FTNT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mitek Systems, Inc. (MITK) 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.

	MITK	FTNT	Difference
Sharpe ratio Return per unit of total volatility	1.32	-0.36	+1.68
Sortino ratio Return per unit of downside risk	2.48	-0.21	+2.68
Omega ratio Gain probability vs. loss probability	1.29	0.97	+0.32
Calmar ratio Return relative to maximum drawdown	3.27	-0.49	+3.75
Martin ratio Return relative to average drawdown	7.59	-0.75	+8.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MITK vs. FTNT - Sharpe Ratio Comparison

The current MITK Sharpe Ratio is 1.32, which is higher than the FTNT Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of MITK 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.

Sharpe Ratios by Period

	MITK	FTNT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	-0.36	+1.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.40	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	0.74	-0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.65	-0.59

Correlation

The correlation between MITK and FTNT is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MITK vs. FTNT - Dividend Comparison

Neither MITK nor FTNT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MITK vs. FTNT - Drawdown Comparison

The maximum MITK drawdown since its inception was -99.67%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for MITK and FTNT.

Drawdown Indicators

	MITK	FTNT	Difference
Max Drawdown Largest peak-to-trough decline	-99.67%	-51.20%	-48.47%
Max Drawdown (1Y) Largest decline over 1 year	-18.01%	-31.56%	+13.55%
Max Drawdown (5Y) Largest decline over 5 years	-69.13%	-38.32%	-30.81%
Max Drawdown (10Y) Largest decline over 10 years	-69.13%	-38.32%	-30.81%
Current Drawdown Current decline from peak	-41.38%	-28.67%	-12.71%
Average Drawdown Average peak-to-trough decline	-65.57%	-16.25%	-49.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.75%	20.59%	-12.84%

Volatility

MITK vs. FTNT - Volatility Comparison

Mitek Systems, Inc. (MITK) has a higher volatility of 11.20% compared to Fortinet, Inc. (FTNT) at 9.12%. This indicates that MITK'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.

Volatility by Period

	MITK	FTNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.20%	9.12%	+2.08%
Volatility (6M) Calculated over the trailing 6-month period	37.28%	22.14%	+15.14%
Volatility (1Y) Calculated over the trailing 1-year period	48.54%	42.37%	+6.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.57%	42.52%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.66%	40.13%	+7.53%

Financials

MITK vs. FTNT - Profitability Comparison

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

MITK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mitek Systems, Inc. reported a gross profit of 44.21M and revenue of 44.24M. Therefore, the gross margin over that period was 99.9%.

FTNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Fortinet, Inc. reported a gross profit of 1.52B and revenue of 1.91B. Therefore, the gross margin over that period was 79.6%.

MITK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mitek Systems, Inc. reported an operating income of 5.44M and revenue of 44.24M, resulting in an operating margin of 12.3%.

FTNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Fortinet, Inc. reported an operating income of 625.60M and revenue of 1.91B, resulting in an operating margin of 32.8%.

MITK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mitek Systems, Inc. reported a net income of 6.02M and revenue of 44.24M, resulting in a net margin of 13.6%.

FTNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Fortinet, Inc. reported a net income of 506.00M and revenue of 1.91B, resulting in a net margin of 26.6%.