FTNT vs NTAP
Fortinet and NetApp, both Technology
Fortinet is the larger company at $100B against $39B. On trailing earnings NTAP is the cheaper of the two at a P/E of 28.1 against 44.3, a gap that is only a bargain if the two are growing at similar rates. FTNT keeps 33 cents of operating profit from each dollar of sales against 28 for NTAP, and it also grew sales faster over the last year, +20% against +16%. Over the past year NTAP returned +71% against +60% for FTNT. The RyuScore puts NTAP ahead, 74 against 69 out of 100.
| Figure | FTNT | NTAP |
|---|---|---|
| Last close | $136 | $199 |
| Market cap | $100B | $39B |
| Trailing P/Elower is cheaper for the same earnings, not automatically better | 44.3 | 28.1 |
| Dividend yield | n/a | 1.0% |
| Revenue growthlast twelve months on the year before | +20% | +16% |
| Operating margin | 33% | 28% |
| Net margin | 29% | 21% |
| Free cash flow yield | 3.5% | 4.2% |
| Net cashcash minus all debt | $4.3B | $1.1B |
| Insiders, 12 monthsopen-market Form 4 trades | sold $136M net | sold $46M net |
| Short interestof shares outstanding | 1.6% | 4.9% |
| 1-year return | +60% | +71% |
| 5-year return | +108% | +145% |
| RyuScore0 to 100 | 69/100 | 74/100 |
Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.
Fortinet
Revenue of $2.1B in Q3 2026, net income $636M. Its largest reported line is EMEA, 43% of the disclosed total.
NetApp
Revenue of $1.8B in Q1 2027, net income $375M. Its largest reported line is Service, 56% of the disclosed total.
Open these two in the interactive comparison to add more names, change the period or see the correlation.