NTCT vs. FTNT

Last updated Apr 2, 2026

Compare and contrast key facts about NetScout Systems, Inc. (NTCT) and Fortinet, Inc. (FTNT).

Performance

NTCT vs. FTNT - Performance Comparison

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

NTCT vs. FTNT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NTCT NetScout Systems, Inc.	19.40%	24.93%	-1.32%	-32.48%	-1.72%	20.64%	13.92%	1.86%	-22.40%	-3.33%
FTNT Fortinet, Inc.	2.19%	-15.95%	61.42%	19.72%	-31.98%	141.97%	39.13%	51.58%	61.20%	45.05%

Fundamentals

Market Cap NTCT : $2.32B FTNT : $60.70B
EPS NTCT : $1.34 FTNT : $2.42
PE Ratio NTCT : 24.16 FTNT : 33.47
PEG Ratio NTCT : 0.40 FTNT : 0.93
PS Ratio NTCT : 2.69 FTNT : 9.12
PB Ratio NTCT : 1.41 FTNT : 49.05
Total Revenue (TTM) NTCT : $861.43M FTNT : $6.80B
Gross Profit (TTM) NTCT : $682.68M FTNT : $5.50B
EBITDA (TTM) NTCT : $173.71M FTNT : $2.35B

Returns By Period

In the year-to-date period, NTCT achieves a 19.40% return, which is significantly higher than FTNT's 2.19% return. Over the past 10 years, NTCT has underperformed FTNT with an annualized return of 3.57%, while FTNT has yielded a comparatively higher 29.33% annualized return.

NTCT

• 1D: 1.64%
• 1M: 10.84%
• YTD: 19.40%
• 6M: 22.97%
• 1Y: 51.69%
• 3Y*: 4.09%
• 5Y*: 2.33%
• 10Y*: 3.57%

FTNT

• 1D: -0.70%
• 1M: 2.49%
• YTD: 2.19%
• 6M: -4.73%
• 1Y: -16.05%
• 3Y*: 6.88%
• 5Y*: 16.83%
• 10Y*: 29.33%

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

Return for Risk

NTCT vs. FTNT — Risk / Return Rank

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

NTCT

NTCT Risk / Return Rank: 85
NTCT Sharpe Ratio Rank: 87
NTCT Sortino Ratio Rank: 84
NTCT Omega Ratio Rank: 81
NTCT Calmar Ratio Rank: 85
NTCT Martin Ratio Rank: 87

FTNT

FTNT Risk / Return Rank: 24
FTNT Sharpe Ratio Rank: 23
FTNT Sortino Ratio Rank: 23
FTNT Omega Ratio Rank: 23
FTNT Calmar Ratio Rank: 24
FTNT Martin Ratio Rank: 28

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.

NTCT vs. FTNT - Risk-Adjusted Trends Comparison

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

	NTCT	FTNT	Difference
Sharpe ratio Return per unit of total volatility	1.72	-0.38	+2.10
Sortino ratio Return per unit of downside risk	2.41	-0.24	+2.65
Omega ratio Gain probability vs. loss probability	1.31	0.96	+0.34
Calmar ratio Return relative to maximum drawdown	3.09	-0.50	+3.59
Martin ratio Return relative to average drawdown	9.15	-0.76	+9.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTCT vs. FTNT - Sharpe Ratio Comparison

The current NTCT Sharpe Ratio is 1.72, which is higher than the FTNT Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of NTCT 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

	NTCT	FTNT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	-0.38	+2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.40	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.73	-0.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.65	-0.60

Correlation

The correlation between NTCT and FTNT is 0.40, 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.

Dividends

NTCT vs. FTNT - Dividend Comparison

Neither NTCT nor FTNT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NTCT vs. FTNT - Drawdown Comparison

The maximum NTCT drawdown since its inception was -92.88%, which is greater than FTNT's maximum drawdown of -51.20%. Use the drawdown chart below to compare losses from any high point for NTCT and FTNT.

Drawdown Indicators

	NTCT	FTNT	Difference
Max Drawdown Largest peak-to-trough decline	-92.88%	-51.20%	-41.68%
Max Drawdown (1Y) Largest decline over 1 year	-17.38%	-31.56%	+14.18%
Max Drawdown (5Y) Largest decline over 5 years	-53.43%	-38.32%	-15.11%
Max Drawdown (10Y) Largest decline over 10 years	-53.98%	-38.32%	-15.66%
Current Drawdown Current decline from peak	-31.73%	-29.17%	-2.56%
Average Drawdown Average peak-to-trough decline	-52.71%	-16.25%	-36.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.88%	20.65%	-14.77%

Volatility

NTCT vs. FTNT - Volatility Comparison

The current volatility for NetScout Systems, Inc. (NTCT) is 8.33%, while Fortinet, Inc. (FTNT) has a volatility of 8.84%. This indicates that NTCT experiences smaller price fluctuations and is considered to be less risky than FTNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTCT	FTNT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.33%	8.84%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	21.52%	22.14%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	30.17%	42.38%	-12.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.53%	42.52%	-9.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.78%	40.12%	-6.34%

Financials

NTCT vs. FTNT - Profitability Comparison

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

NTCT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NetScout Systems, Inc. reported a gross profit of 204.65M and revenue of 250.68M. Therefore, the gross margin over that period was 81.6%.

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%.

NTCT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NetScout Systems, Inc. reported an operating income of 64.32M and revenue of 250.68M, resulting in an operating margin of 25.7%.

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%.

NTCT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NetScout Systems, Inc. reported a net income of 55.14M and revenue of 250.68M, resulting in a net margin of 22.0%.

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%.