CRWD vs. FTNT: CrowdStrike vs. Fortinet Stock Comparison
How do CrowdStrike (CRWD) and Fortinet (FTNT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
CrowdStrike (CRWD) and Fortinet (FTNT) are both classified in the Systems Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.
| Profile Item | CRWD | FTNT |
|---|---|---|
| Name | CrowdStrike Holdings, Inc. | Fortinet, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Systems Software | Systems Software |
| Market Capitalization | 222.09 billion USD | 87.31 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | June 12, 2019 | November 18, 2009 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CRWD | FTNT |
|---|---|---|
| Total Return (1Y) | 66.51% | 49.91% |
| Total Return (3Y, Annualized) | 67.65% | 35.15% |
| Total Return (5Y, Annualized) | 25.12% | 11.92% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CRWD | FTNT |
|---|---|---|
| Volatility (1Y, Annualized) | 57.45% | 49.03% |
| Beta (5Y) | 1.18 | 1.07 |
| Max Drawdown (5Y) | -67.69% | -38.98% |
| Avg. Volume (3M) | 9.95M | 4.68M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CRWD | FTNT |
|---|---|---|
| Sharpe Ratio (1Y) | 1.08 | 0.93 |
| Sortino Ratio (1Y) | 1.74 | 1.37 |
Profitability
ROE (TTM)
Fortinet (FTNT) at 153.08% clears its industry range for ROE, a sharper capital-efficiency signal than CrowdStrike (CRWD) at 1.46%, which is closer to a typical peer reading.
CRWD
Software & Services industry group
1.46%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- CRWD
- 1.46%
- Q1
- -9.59%
- Min
- -50.52%
FTNT
Software & Services industry group
153.08%
- FTNT
- 153.08%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Fortinet (FTNT) at 28.96% retains a top-quartile share of revenue as profit, ahead of CrowdStrike (CRWD) at 0.83%, which keeps about the industry-typical share.
CRWD
Software & Services industry group
0.83%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- CRWD
- 0.83%
- Q1
- -5.42%
- Min
- -33.17%
FTNT
Software & Services industry group
28.96%
- Max
- 41.17%
- FTNT
- 28.96%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
CrowdStrike (CRWD) reports a negative operating margin of -2.26%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Fortinet (FTNT) reports 33.82%, ranking against industry peers normally.
CRWD
Software & Services industry group
-2.26%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- CRWD
- -2.26%
- Min
- -30.45%
FTNT
Software & Services industry group
33.82%
- Max
- 46.89%
- FTNT
- 33.82%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | CRWD | FTNT |
|---|---|---|
| ROE (TTM) | 1.46% | 153.08% |
| ROA (TTM) | -0.78% | 15.22% |
| Net Margin (TTM) | 0.83% | 28.96% |
| Operating Margin (TTM) | -2.26% | 33.82% |
| Gross Margin (TTM) | 75.19% | 79.75% |
Growth
Revenue Growth
Both CrowdStrike (CRWD) at 21.71% and Fortinet (FTNT) at 14.17% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Only one side can be read here: Fortinet (FTNT) reports EPS growth of 7.08%, ranked against its industry; CrowdStrike (CRWD) has no EPS growth figure this period.
Growth Metrics
| Metric | CRWD | FTNT |
|---|---|---|
| Revenue Growth (YoY) | 21.71% | 14.17% |
| Revenue Growth (3Y CAGR) | 29.01% | 15.46% |
| EPS Growth (YoY) | -- | 7.08% |
| EPS Growth (3Y CAGR) | -- | 31.68% |
Financial Strength
Current Ratio (MRQ)
Both CrowdStrike (CRWD) at 1.57 and Fortinet (FTNT) at 1.40 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
CRWD
Software & Services industry group
1.57
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- CRWD
- 1.57
- Q1
- 1.01
- Min
- 0.03
FTNT
Software & Services industry group
1.40
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- FTNT
- 1.40
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Both CrowdStrike (CRWD) at 0.16 and Fortinet (FTNT) at 0.25 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
CRWD
Software & Services industry group
0.16
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- CRWD
- 0.16
- Q1
- 0.07
- Min
- 0.00
FTNT
Software & Services industry group
0.25
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- FTNT
- 0.25
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | CRWD | FTNT |
|---|---|---|
| Current Ratio (MRQ) | 1.57 | 1.40 |
| Debt / Equity (MRQ) | 0.16 | 0.25 |
| Net Debt / EBITDA | -39.24 | -1.54 |
Dividends
Dividend Yield (TTM)
Neither CrowdStrike (CRWD) nor Fortinet (FTNT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWD
Software & Services industry group
0.00%
- CRWD
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
FTNT
Software & Services industry group
0.00%
- FTNT
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither CrowdStrike (CRWD) nor Fortinet (FTNT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWD
Software & Services industry group
0.00%
- CRWD
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
FTNT
Software & Services industry group
0.00%
- FTNT
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CRWD | FTNT |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Fortinet (FTNT) at 38.84 is near its industry’s usual P/E ratio, while CrowdStrike (CRWD) at 3,615.00 sits above its peer range — an unusually expensive price for CRWD’s trailing earnings.
CRWD
Software & Services industry group
3,615.00
- CRWD
- 3,615.00
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
FTNT
Software & Services industry group
38.84
- Max
- 112.94
- Q3
- 60.32
- FTNT
- 38.84
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
Both look expensive on sales: Fortinet (FTNT) at 11.08 sits in the upper P/S ratio quartile, and CrowdStrike (CRWD) at 41.16 prices even higher, above its industry range.
CRWD
Software & Services industry group
41.16
- CRWD
- 41.16
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
FTNT
Software & Services industry group
11.08
- Max
- 17.91
- FTNT
- 11.08
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Measured against book value, both CrowdStrike (CRWD) at 43.53 and Fortinet (FTNT) at 38.85 look expensive — each P/B ratio sits above its industry’s benchmark range.
CRWD
Software & Services industry group
43.53
- CRWD
- 43.53
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
FTNT
Software & Services industry group
38.85
- FTNT
- 38.85
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | CRWD | FTNT |
|---|---|---|
| P/E Ratio (TTM) | 3,615.00 | 38.84 |
| P/S Ratio (TTM) | 41.16 | 11.08 |
| P/B Ratio (MRQ) | 43.53 | 38.85 |
| Free Cash Flow Yield (TTM) | 0.90% | 2.85% |