Head to head · SEC data as of July 10, 2026

Palo Alto Networks vs Fortinet: which has the stronger fundamentals?

Palo Alto Networks

81

Quality score · out of 100

Fortinet

93

Quality score · out of 100

Fortinet comes in ahead: a quality score of 93 versus 81 for Palo Alto Networks. Fortinet wins on net margin (27.5% vs 7.9%), gross margin (80.3% vs 71.9%) and ROE (197.5% vs 3%). Palo Alto Networks doesn't take a single major metric today.

The metrics, head to head

MetricPalo Alto NetworksFortinet
Quality score (0-100)8193
Net margin7.9%27.5%
Gross margin71.9%80.3%
ROE3%197.5%
Net debt/EBITDA-0.23×-0.73×
FCF margin35.8%34.3%
Revenue growth (annualized)21.8%21.2%
Earnings growth (annualized)23.8%32.9%

TTM metrics with official SEC data, refreshed daily. Bold green marks the winner of each metric. A dash means the metric doesn't apply or isn't reliable.

What each one does

Palo Alto Networks. Palo Alto Networks is one of the world's cybersecurity leaders. It protects companies from cyberattacks with firewalls, cloud security and AI-based tools. It increasingly sells by subscription, giving it recurring revenue.

Fortinet. Fortinet sells network security: its FortiGate firewalls protect the perimeter of hundreds of thousands of companies, with the twist that it designs its own chips to do it faster and cheaper than rivals.

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What this comparison doesn't tell you

The score measures business quality, not whether the stock is cheap or expensive: the better company can be the worse investment if you overpay. For the valuation verdict, enter each one's current price in the analyzer:

Analyze Palo Alto Networks →Analyze Fortinet →

Frequently asked questions

Who has the stronger fundamentals today, Palo Alto Networks or Fortinet?

By the StockSemáforo model (profitability, growth and financial strength, built on official SEC data), Fortinet scores higher: 93 versus 81 out of 100. The score is recomputed nightly with the latest filings.

Does that make Fortinet the better investment?

No. The score measures business quality, not valuation: an excellent company can trade at an excessive price and be a poor investment at that price. To find out whether it's cheap or expensive, enter its current quote in the StockSemáforo analyzer.

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