Fortinetvs.Palo Alto Networks
FTNT vs PANW · both in Network security, part of the Defense, security & space value chain: Firewalls and network defense that inspect and filter traffic.
Palo Alto Networks is about 2.3× larger than Fortinet by market cap; Fortinet trades at the lower P/E (59.0 vs 315.2); year to date, Fortinet leads (+98.4% vs +76.9%).
Side by side
| FTNT | PANW | |
|---|---|---|
| Market cap | $115B | $266B |
| Price | $157.51 | $325.91 |
| Today | −3.8% | −3.7% |
| Return YTD | +98.4% | +76.9% |
| Return 1Y | +57.2% | +69.7% |
| P/E | 59.0 | 315.2 |
| P/S | 16.2 | 25.0 |
| P/B | 116.6 | 9.6 |
Data as of 2026-07-11 · updates daily after U.S. close
The two companies
FortinetFTNT
Network security with proprietary ASIC chips — firewalls, SASE and OT security for critical infrastructure.
Full FTNT profile →Palo Alto NetworksPANW
The world's largest pure-play cybersecurity company — protects networks, cloud and critical infrastructure with an increasingly AI-driven platform.
Full PANW profile →See where FTNT and PANW sit in the full Defense, security & space map — every segment from suppliers to end markets.Open the Defense value chain →