Seek Returns

DOCU vs. FTNT: DocuSign vs. Fortinet Stock Comparison

How do DocuSign (DOCU) 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

DocuSign (DOCU) and Fortinet (FTNT) both belong to the Software industry, though DOCU is classified under Application Software while FTNT falls under Systems Software.

Company profile comparison for DocuSign (DOCU) and Fortinet (FTNT)
Profile ItemDOCUFTNT
NameDocuSign Inc.Fortinet, Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareSoftware
GICS Sub-IndustryApplication SoftwareSystems Software
Market Capitalization14.51 billion USD87.31 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateApril 27, 2018November 18, 2009
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DOCU
FTNT
GSPC
Loading price history…
DocuSign (DOCU) vs. Fortinet (FTNT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…
Trailing total returns for DocuSign (DOCU) and Fortinet (FTNT). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for DocuSign (DOCU) and Fortinet (FTNT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for DocuSign (DOCU) and Fortinet (FTNT)
MetricDOCUFTNT
Total Return (1Y)12.03%49.91%
Total Return (3Y, Annualized)24.94%35.15%
Total Return (5Y, Annualized)-22.27%11.92%

Risk Profile

Drawdown History

DOCU
FTNT
GSPC
Loading price history…
DocuSign (DOCU) vs. Fortinet (FTNT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…
Distribution of monthly total returns for DocuSign (DOCU) and Fortinet (FTNT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for DocuSign (DOCU) and Fortinet (FTNT)
MetricDOCUFTNT
Volatility (1Y, Annualized)48.32%49.03%
Beta (5Y)0.791.07
Max Drawdown (5Y)-86.00%-38.98%
Avg. Volume (3M)2.99M4.68M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
DOCU and FTNT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for DocuSign (DOCU) and Fortinet (FTNT)
MetricDOCUFTNT
Sharpe Ratio (1Y)0.160.93
Sortino Ratio (1Y)0.231.37

Profitability

ROE (TTM)

Fortinet (FTNT) at 153.08% clears its industry range for ROE, a sharper capital-efficiency signal than DocuSign (DOCU) at 17.80%, which is closer to a typical peer reading.

DOCU

Software & Services industry group

17.80%

Max
53.85%
Q3
17.90%
DOCU
17.80%
Median
6.59%
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%
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Fortinet (FTNT) at 28.96% retains a top-quartile share of revenue as profit, ahead of DocuSign (DOCU) at 9.82%, which keeps about the industry-typical share.

DOCU

Software & Services industry group

9.82%

Max
41.17%
Q3
15.28%
DOCU
9.82%
Median
4.63%
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%
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Fortinet (FTNT) at 33.82% operates in the top operating margin quartile, ahead of DocuSign (DOCU) at 13.43%, which runs around its industry’s norm.

DOCU

Software & Services industry group

13.43%

Max
46.89%
Q3
17.64%
DOCU
13.43%
Median
8.73%
Q1
-2.13%
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%
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for DocuSign (DOCU) and Fortinet (FTNT)
MetricDOCUFTNT
ROE (TTM)17.80%153.08%
ROA (TTM)6.35%15.22%
Net Margin (TTM)9.82%28.96%
Operating Margin (TTM)13.43%33.82%
Gross Margin (TTM)79.61%79.75%

Growth

Revenue Growth

Both DocuSign (DOCU) at 8.16% 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.

Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Fortinet (FTNT) at 7.08% is around its peer norm for EPS growth, while DocuSign (DOCU) at -70.87% drops into the bottom quartile, signaling weaker earnings momentum.

Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DocuSign (DOCU) and Fortinet (FTNT)
MetricDOCUFTNT
Revenue Growth (YoY)8.16%14.17%
Revenue Growth (3Y CAGR)8.57%15.46%
EPS Growth (YoY)-70.87%7.08%
EPS Growth (3Y CAGR)--31.68%

Financial Strength

Current Ratio (MRQ)

Fortinet (FTNT) at 1.40 keeps current ratio within its industry’s typical mid-range, while DocuSign (DOCU) at 0.64 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for DOCU.

DOCU

Software & Services industry group

0.64

Max
5.11
Q3
2.77
Median
1.67
Q1
1.01
DOCU
0.64
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
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both DocuSign (DOCU) at 0.11 and Fortinet (FTNT) at 0.25 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

DOCU

Software & Services industry group

0.11

Max
2.52
Q3
1.13
Median
0.40
DOCU
0.11
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
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for DocuSign (DOCU) and Fortinet (FTNT)
MetricDOCUFTNT
Current Ratio (MRQ)0.641.40
Debt / Equity (MRQ)0.110.25
Net Debt / EBITDA-1.35-1.54

Dividends

Dividend Yield (TTM)

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

DOCU

Software & Services industry group

0.00%

DOCU
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%
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

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

DOCU

Software & Services industry group

0.00%

DOCU
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%
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for DocuSign (DOCU) and Fortinet (FTNT)
MetricDOCUFTNT
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Both DocuSign (DOCU) at 47.32 and Fortinet (FTNT) at 38.84 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

DOCU

Software & Services industry group

47.32

Max
112.94
Q3
60.32
DOCU
47.32
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
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

DocuSign (DOCU) at 4.32 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.

DOCU

Software & Services industry group

4.32

Max
17.91
Q3
8.78
DOCU
4.32
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
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

DocuSign (DOCU) at 8.50 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.

DOCU

Software & Services industry group

8.50

Max
16.63
DOCU
8.50
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
Loading chart…
DocuSign (DOCU) vs. Fortinet (FTNT): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for DocuSign (DOCU) and Fortinet (FTNT)
MetricDOCUFTNT
P/E Ratio (TTM)47.3238.84
P/S Ratio (TTM)4.3211.08
P/B Ratio (MRQ)8.5038.85
Free Cash Flow Yield (TTM)9.05%2.85%