FTNT vs. QNT: Fortinet vs. Quantinuum Stock Comparison

Company Profile

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

Fortinet (FTNT) has been public since November 18, 2009 with a meaningfully longer listed history, while Quantinuum (QNT) only listed on June 4, 2026 — long-window metrics on the QNT side should be interpreted with caution.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Quantinuum (QNT) reports a negative beta of -2.69, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Fortinet (FTNT) has a non-negative beta of 1.07.

Risk-Adjusted Performance

Risk-Return Positioning

Both FTNT and QNT need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Fortinet (FTNT) earns 153.08% on shareholders’ equity, ranked against its industry; Quantinuum (QNT) has no ROE this period.

Fortinet (FTNT) at 28.96% retains a top-quartile share of revenue as profit, ahead of Quantinuum (QNT) at 0.00%, which keeps about the industry-typical share.

Quantinuum (QNT) reports a negative operating margin of -6,939.56%, 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

Quantinuum (QNT) at 34.61% sits in the top revenue growth quartile, while Fortinet (FTNT) at 14.17% is closer to the peer norm — faster top-line expansion for QNT.

Only one side can be read here: Fortinet (FTNT) reports EPS growth of 7.08%, ranked against its industry; Quantinuum (QNT) 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 Quantinuum (QNT) at 15.49 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Quantinuum (QNT) at 0.01 keeps leverage in the lower industry quartile, while Fortinet (FTNT) at 0.25 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

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

Neither Fortinet (FTNT) nor Quantinuum (QNT) 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 Quantinuum (QNT) has no P/E ratio this period.

Both look expensive on sales: Fortinet (FTNT) at 11.08 sits in the upper P/S ratio quartile, and Quantinuum (QNT) at 441.11 prices even higher, above its industry range.

Measured against book value, both Fortinet (FTNT) at 38.85 and Quantinuum (QNT) at 64.89 look expensive — each P/B ratio sits above its industry’s benchmark range.

Valuation Metrics