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FTNT vs. SAP: Fortinet vs. SAP Stock Comparison

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

Fortinet (FTNT) trades as ordinary local shares, while SAP (SAP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Fortinet (FTNT) and SAP (SAP)
Profile ItemFTNTSAP
NameFortinet, Inc.SAP SE Sponsored ADR
Country/RegionUnited StatesGermany
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareSoftware
GICS Sub-IndustrySystems SoftwareApplication Software
Market Capitalization87.31 billion USD269.45 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateNovember 18, 2009September 18, 1995
Security TypeCommon StockADR

Price Performance

Cumulative Growth

FTNT
SAP
GSPC
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Fortinet (FTNT) vs. SAP (SAP), 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

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Trailing total returns for Fortinet (FTNT) and SAP (SAP). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fortinet (FTNT) and SAP (SAP). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Fortinet (FTNT) and SAP (SAP)
MetricFTNTSAP
Total Return (1Y)49.91%-3.87%
Total Return (3Y, Annualized)35.15%20.21%
Total Return (5Y, Annualized)11.92%11.79%

Risk Profile

Drawdown History

FTNT
SAP
GSPC
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Fortinet (FTNT) vs. SAP (SAP), 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

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Distribution of monthly total returns for Fortinet (FTNT) and SAP (SAP). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fortinet (FTNT) and SAP (SAP)
MetricFTNTSAP
Volatility (1Y, Annualized)49.03%39.05%
Beta (5Y)1.071.09
Max Drawdown (5Y)-38.98%-52.26%
Avg. Volume (3M)4.68M2.27M

Risk-Adjusted Performance

Risk-Return Positioning

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FTNT and SAP 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 Fortinet (FTNT) and SAP (SAP)
MetricFTNTSAP
Sharpe Ratio (1Y)0.93-0.21
Sortino Ratio (1Y)1.37-0.29

Profitability

ROE (TTM)

Both companies show strong equity returns, but Fortinet (FTNT) at 153.08% is the standout with ROE above its industry range; SAP (SAP) at 18.18% also sits in the top quartile.

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%

SAP

Software & Services industry group

18.18%

Max
53.85%
SAP
18.18%
Q3
17.90%
Median
6.59%
Q1
-9.59%
Min
-50.52%
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Fortinet (FTNT) at 28.96% and SAP (SAP) at 20.41% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

SAP

Software & Services industry group

20.41%

Max
41.17%
SAP
20.41%
Q3
15.28%
Median
4.63%
Q1
-5.42%
Min
-33.17%
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Both Fortinet (FTNT) at 33.82% and SAP (SAP) at 29.50% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

SAP

Software & Services industry group

29.50%

Max
46.89%
SAP
29.50%
Q3
17.64%
Median
8.73%
Q1
-2.13%
Min
-30.45%
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Fortinet (FTNT) and SAP (SAP)
MetricFTNTSAP
ROE (TTM)153.08%18.18%
ROA (TTM)15.22%9.91%
Net Margin (TTM)28.96%20.41%
Operating Margin (TTM)33.82%29.50%
Gross Margin (TTM)79.75%73.58%

Growth

Revenue Growth

Both Fortinet (FTNT) at 14.17% and SAP (SAP) at 7.68% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Fortinet (FTNT) vs. SAP (SAP): A comparison of their Revenue Growth across different time periods.

EPS Growth

SAP (SAP) at 130.19% sits in the top EPS growth quartile, while Fortinet (FTNT) at 7.08% is closer to the peer norm — faster per-share earnings growth for SAP.

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Fortinet (FTNT) vs. SAP (SAP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fortinet (FTNT) and SAP (SAP)
MetricFTNTSAP
Revenue Growth (YoY)14.17%7.68%
Revenue Growth (3Y CAGR)15.46%7.63%
EPS Growth (YoY)7.08%130.19%
EPS Growth (3Y CAGR)31.68%46.25%

Financial Strength

Current Ratio (MRQ)

Both Fortinet (FTNT) at 1.40 and SAP (SAP) at 1.16 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

SAP

Software & Services industry group

1.16

Max
5.11
Q3
2.77
Median
1.67
SAP
1.16
Q1
1.01
Min
0.03
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both Fortinet (FTNT) at 0.25 and SAP (SAP) at 0.23 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

SAP

Software & Services industry group

0.23

Max
2.52
Q3
1.13
Median
0.40
SAP
0.23
Q1
0.07
Min
0.00
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Fortinet (FTNT) and SAP (SAP)
MetricFTNTSAP
Current Ratio (MRQ)1.401.16
Debt / Equity (MRQ)0.250.23
Net Debt / EBITDA-1.54-0.03

Dividends

Dividend Yield (TTM)

Fortinet (FTNT) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile SAP (SAP) reports a yield of 1.03%, ranking against industry peers normally.

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%

SAP

Software & Services industry group

1.03%

SAP
1.03%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Fortinet (FTNT) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile SAP (SAP) reports a payout of 36.45%, ranking against industry peers normally.

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%

SAP

Software & Services industry group

36.45%

SAP
36.45%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Fortinet (FTNT) and SAP (SAP)
MetricFTNTSAP
Dividend Yield (TTM)0.00%1.03%
Dividend Payout Ratio (TTM)0.00%36.45%

Valuation

P/E Ratio (TTM)

Both Fortinet (FTNT) at 38.84 and SAP (SAP) at 29.07 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

SAP

Software & Services industry group

29.07

Max
112.94
Q3
60.32
Median
32.91
SAP
29.07
Q1
18.77
Min
6.69
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

SAP (SAP) at 6.84 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.

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

SAP

Software & Services industry group

6.84

Max
17.91
Q3
8.78
SAP
6.84
Median
4.25
Q1
2.23
Min
0.02
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both Fortinet (FTNT) at 38.85 and SAP (SAP) at 73.25 look expensive — each P/B ratio sits above its industry’s benchmark range.

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

SAP

Software & Services industry group

73.25

SAP
73.25
Max
16.63
Q3
8.50
Median
4.30
Q1
1.92
Min
-3.90
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Fortinet (FTNT) vs. SAP (SAP): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Fortinet (FTNT) and SAP (SAP)
MetricFTNTSAP
P/E Ratio (TTM)38.8429.07
P/S Ratio (TTM)11.086.84
P/B Ratio (MRQ)38.8573.25
Free Cash Flow Yield (TTM)2.85%3.73%