FTNT vs. OKTA: Fortinet vs. Okta Stock Comparison
How do Fortinet (FTNT) and Okta (OKTA) 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
Fortinet (FTNT) and Okta (OKTA) both fall under the Software & Services industry group, but FTNT is classified in Software while OKTA is classified in IT Services.
| Profile Item | FTNT | OKTA |
|---|---|---|
| Name | Fortinet, Inc. | Okta Inc. Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | IT Services |
| GICS Sub-Industry | Systems Software | Internet Services & Infrastructure |
| Market Capitalization | 87.31 billion USD | 29.49 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | November 18, 2009 | April 7, 2017 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FTNT | OKTA |
|---|---|---|
| Total Return (1Y) | 49.91% | 108.64% |
| Total Return (3Y, Annualized) | 35.15% | 38.93% |
| Total Return (5Y, Annualized) | 11.92% | -7.90% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FTNT | OKTA |
|---|---|---|
| Volatility (1Y, Annualized) | 49.03% | 70.25% |
| Beta (5Y) | 1.07 | 0.76 |
| Max Drawdown (5Y) | -38.98% | -83.22% |
| Avg. Volume (3M) | 4.68M | 4.23M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FTNT | OKTA |
|---|---|---|
| Sharpe Ratio (1Y) | 0.93 | 1.49 |
| Sortino Ratio (1Y) | 1.37 | 2.65 |
Profitability
ROE (TTM)
Fortinet (FTNT) at 153.08% clears its industry range for ROE, a sharper capital-efficiency signal than Okta (OKTA) at 4.31%, which is closer to a typical peer reading.
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%
OKTA
Software & Services industry group
4.31%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- OKTA
- 4.31%
- 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 Okta (OKTA) at 9.63%, which keeps about the industry-typical share.
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%
OKTA
Software & Services industry group
9.63%
- Max
- 41.17%
- Q3
- 15.28%
- OKTA
- 9.63%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Fortinet (FTNT) at 33.82% operates in the top operating margin quartile, ahead of Okta (OKTA) at 13.29%, which runs around its industry’s norm.
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%
OKTA
Software & Services industry group
13.29%
- Max
- 46.89%
- Q3
- 17.64%
- OKTA
- 13.29%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | FTNT | OKTA |
|---|---|---|
| ROE (TTM) | 153.08% | 4.31% |
| ROA (TTM) | 15.22% | 1.58% |
| Net Margin (TTM) | 28.96% | 9.63% |
| Operating Margin (TTM) | 33.82% | 13.29% |
| Gross Margin (TTM) | 79.75% | 78.13% |
Growth
Revenue Growth
Both Fortinet (FTNT) at 14.17% and Okta (OKTA) at 11.84% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Okta (OKTA) at 2,083.33% clears its industry range for EPS growth, a much stronger earnings trajectory than Fortinet (FTNT) at 7.08%, which is closer to a typical peer reading.
Growth Metrics
| Metric | FTNT | OKTA |
|---|---|---|
| Revenue Growth (YoY) | 14.17% | 11.84% |
| Revenue Growth (3Y CAGR) | 15.46% | 16.25% |
| EPS Growth (YoY) | 7.08% | 2,083.33% |
| EPS Growth (3Y CAGR) | 31.68% | -- |
Financial Strength
Current Ratio (MRQ)
Both Fortinet (FTNT) at 1.40 and Okta (OKTA) at 1.53 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
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
OKTA
Software & Services industry group
1.53
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- OKTA
- 1.53
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Okta (OKTA) at 0.01 keeps leverage in the lower industry quartile, while Fortinet (FTNT) at 0.25 runs a more typical debt-to-equity mix.
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
OKTA
Software & Services industry group
0.01
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- OKTA
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | FTNT | OKTA |
|---|---|---|
| Current Ratio (MRQ) | 1.40 | 1.53 |
| Debt / Equity (MRQ) | 0.25 | 0.01 |
| Net Debt / EBITDA | -1.54 | -7.00 |
Dividends
Dividend Yield (TTM)
Neither Fortinet (FTNT) nor Okta (OKTA) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
OKTA
Software & Services industry group
0.00%
- OKTA
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Fortinet (FTNT) nor Okta (OKTA) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
OKTA
Software & Services industry group
0.00%
- OKTA
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | FTNT | OKTA |
|---|---|---|
| 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 Okta (OKTA) at 101.62 sits in the richer quartile — OKTA needs stronger growth or earnings quality to justify the premium.
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
OKTA
Software & Services industry group
101.62
- Max
- 112.94
- OKTA
- 101.62
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
Both Fortinet (FTNT) at 11.08 and Okta (OKTA) at 9.60 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
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
OKTA
Software & Services industry group
9.60
- Max
- 17.91
- OKTA
- 9.60
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Okta (OKTA) at 4.23 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.
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
OKTA
Software & Services industry group
4.23
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- OKTA
- 4.23
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | FTNT | OKTA |
|---|---|---|
| P/E Ratio (TTM) | 38.84 | 101.62 |
| P/S Ratio (TTM) | 11.08 | 9.60 |
| P/B Ratio (MRQ) | 38.85 | 4.23 |
| Free Cash Flow Yield (TTM) | 2.85% | 3.52% |