CRWV vs. FTNT: CoreWeave vs. Fortinet Stock Comparison

Company Profile

CoreWeave (CRWV) and Fortinet (FTNT) both fall under the Software & Services industry group, but CRWV is classified in IT Services while FTNT is classified in Software.

Fortinet (FTNT) has been public since November 18, 2009, giving it a longer listed trading history, while CoreWeave (CRWV) listed on March 28, 2025 and still has a shorter public-market record.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

CoreWeave (CRWV) carries a highly aggressive beta of 7.43, indicating much higher sensitivity to broad-market moves, whereas Fortinet (FTNT) is closer to market-like at 1.07 — a noticeable difference in market-sensitivity profile.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

CoreWeave (CRWV) reports a negative ROE of -43.60%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Fortinet (FTNT) reports 153.08%, ranking against industry peers normally.

CoreWeave (CRWV) reports a negative net margin of -25.40%, usually indicating a net loss over the period. Meanwhile Fortinet (FTNT) reports 28.96%, ranking against industry peers normally.

CoreWeave (CRWV) reports a negative operating margin of -1.90%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Fortinet (FTNT) reports 33.82%, ranking against industry peers normally.

Profitability Metrics

Growth

CoreWeave (CRWV) at 167.94% clears its industry range for revenue growth, far stronger top-line momentum than Fortinet (FTNT) at 14.17%, which is closer to a typical peer reading.

Only one side can be read here: Fortinet (FTNT) reports EPS growth of 7.08%, ranked against its industry; CoreWeave (CRWV) has no EPS growth figure this period.

Growth Metrics

Financial Strength

Fortinet (FTNT) at 1.40 keeps current ratio within its industry’s typical mid-range, while CoreWeave (CRWV) at 0.46 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CRWV.

Fortinet (FTNT) at 0.25 is near its industry mid-range for debt-to-equity ratio, while CoreWeave (CRWV) at 10.27 sits above its benchmark range, pointing to a heavier debt load relative to equity.

Financial Strength Metrics

Dividends

Neither CoreWeave (CRWV) nor Fortinet (FTNT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Neither CoreWeave (CRWV) nor Fortinet (FTNT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: Fortinet (FTNT) trades at 38.84 times trailing earnings, ranked against its peers, while CoreWeave (CRWV) has no P/E ratio this period.

CoreWeave (CRWV) at 3.37 is priced about in line with its industry on P/S ratio, while Fortinet (FTNT) at 11.08 sits in the pricier quartile — FTNT costs more per dollar of sales.

CoreWeave (CRWV) at 5.09 sits near its industry’s typical P/B ratio, while Fortinet (FTNT) at 38.85 prices above its benchmark range — FTNT looks rich relative to book.

Valuation Metrics