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FTNT vs. WIT: Fortinet vs. Wipro Stock Comparison

How do Fortinet (FTNT) and Wipro (WIT) 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 Wipro (WIT) both fall under the Software & Services industry group, but FTNT is classified in Software while WIT is classified in IT Services.

Fortinet (FTNT) trades as ordinary local shares, while Wipro (WIT) 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 Wipro (WIT)
Profile ItemFTNTWIT
NameFortinet, Inc.Wipro Ltd. ADR
Country/RegionUnited StatesIndia
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareIT Services
GICS Sub-IndustrySystems SoftwareIT Consulting & Other Services
Market Capitalization87.31 billion USD21.37 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateNovember 18, 2009October 19, 2000
Security TypeCommon StockADR

Price Performance

Cumulative Growth

FTNT
WIT
GSPC
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Fortinet (FTNT) vs. Wipro (WIT), 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 Wipro (WIT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Fortinet (FTNT) and Wipro (WIT)
MetricFTNTWIT
Total Return (1Y)49.91%-16.56%
Total Return (3Y, Annualized)35.15%0.08%
Total Return (5Y, Annualized)11.92%-12.80%

Risk Profile

Drawdown History

FTNT
WIT
GSPC
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Fortinet (FTNT) vs. Wipro (WIT), 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 Wipro (WIT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fortinet (FTNT) and Wipro (WIT)
MetricFTNTWIT
Volatility (1Y, Annualized)49.03%47.10%
Beta (5Y)1.070.91
Max Drawdown (5Y)-38.98%-64.83%
Avg. Volume (3M)4.68M9.36M

Risk-Adjusted Performance

Risk-Return Positioning

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FTNT and WIT 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 Wipro (WIT)
MetricFTNTWIT
Sharpe Ratio (1Y)0.93-0.44
Sortino Ratio (1Y)1.37-0.65

Profitability

ROE (TTM)

Fortinet (FTNT) at 153.08% clears its industry range for ROE, a sharper capital-efficiency signal than Wipro (WIT) at 15.94%, 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%

WIT

Software & Services industry group

15.94%

Max
53.85%
Q3
17.90%
WIT
15.94%
Median
6.59%
Q1
-9.59%
Min
-50.52%
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Fortinet (FTNT) vs. Wipro (WIT): 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 Wipro (WIT) at 13.58%, 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%

WIT

Software & Services industry group

13.58%

Max
41.17%
Q3
15.28%
WIT
13.58%
Median
4.63%
Q1
-5.42%
Min
-33.17%
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Fortinet (FTNT) vs. Wipro (WIT): 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 Wipro (WIT) at 16.16%, 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%

WIT

Software & Services industry group

16.16%

Max
46.89%
Q3
17.64%
WIT
16.16%
Median
8.73%
Q1
-2.13%
Min
-30.45%
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Fortinet (FTNT) vs. Wipro (WIT): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Fortinet (FTNT) and Wipro (WIT)
MetricFTNTWIT
ROE (TTM)153.08%15.94%
ROA (TTM)15.22%7.26%
Net Margin (TTM)28.96%13.58%
Operating Margin (TTM)33.82%16.16%
Gross Margin (TTM)79.75%28.87%

Growth

Revenue Growth

Fortinet (FTNT) at 14.17% is around its peer norm for revenue growth, while Wipro (WIT) at 3.97% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Both Fortinet (FTNT) at 7.08% and Wipro (WIT) at 0.32% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Fortinet (FTNT) and Wipro (WIT)
MetricFTNTWIT
Revenue Growth (YoY)14.17%3.97%
Revenue Growth (3Y CAGR)15.46%0.78%
EPS Growth (YoY)7.08%0.32%
EPS Growth (3Y CAGR)31.68%6.70%

Financial Strength

Current Ratio (MRQ)

Both Fortinet (FTNT) at 1.40 and Wipro (WIT) at 1.70 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

WIT

Software & Services industry group

1.70

Max
5.11
Q3
2.77
WIT
1.70
Median
1.67
Q1
1.01
Min
0.03
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Fortinet (FTNT) vs. Wipro (WIT): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both Fortinet (FTNT) at 0.25 and Wipro (WIT) at 0.28 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

WIT

Software & Services industry group

0.28

Max
2.52
Q3
1.13
Median
0.40
WIT
0.28
Q1
0.07
Min
0.00
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Fortinet (FTNT) vs. Wipro (WIT): 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 Wipro (WIT)
MetricFTNTWIT
Current Ratio (MRQ)1.401.70
Debt / Equity (MRQ)0.250.28
Net Debt / EBITDA-1.54-1.20

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 Wipro (WIT) reports a yield of 370.37%, 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%

WIT

Software & Services industry group

370.37%

WIT
370.37%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Fortinet (FTNT) vs. Wipro (WIT): 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 Wipro (WIT) reports a payout of 60.56%, 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%

WIT

Software & Services industry group

60.56%

WIT
60.56%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Fortinet (FTNT) vs. Wipro (WIT): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Fortinet (FTNT) and Wipro (WIT)
MetricFTNTWIT
Dividend Yield (TTM)0.00%370.37%
Dividend Payout Ratio (TTM)0.00%60.56%

Valuation

P/E Ratio (TTM)

Wipro (WIT) at 15.43 sits in the cheaper P/E ratio quartile, while Fortinet (FTNT) at 38.84 is closer to its industry’s usual earnings multiple — a discount for WIT, though growth and earnings durability still matter.

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

WIT

Software & Services industry group

15.43

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
WIT
15.43
Min
6.69
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Fortinet (FTNT) vs. Wipro (WIT): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

Wipro (WIT) at 0.02 looks cheap on sales in the lower P/S ratio quartile, while Fortinet (FTNT) at 11.08 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

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

WIT

Software & Services industry group

0.02

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

P/B Ratio (MRQ)

Wipro (WIT) at 2.54 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

WIT

Software & Services industry group

2.54

Max
16.63
Q3
8.50
Median
4.30
WIT
2.54
Q1
1.92
Min
-3.90
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Fortinet (FTNT) vs. Wipro (WIT): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Fortinet (FTNT) and Wipro (WIT)
MetricFTNTWIT
P/E Ratio (TTM)38.8415.43
P/S Ratio (TTM)11.080.02
P/B Ratio (MRQ)38.852.54
Free Cash Flow Yield (TTM)2.85%490.89%