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 (65.7 vs 1,061.8); year to date, Fortinet leads (+138.1% vs +116.3%).
Side by side
| FTNT | PANW | |
|---|---|---|
| Market cap | $139B | $326B |
| Price | $194.75 | $418.78 |
| Today | +3.0% | +5.1% |
| Return YTD | +138.1% | +116.3% |
| Return 1Y | +118.7% | +83.0% |
| Since June 26, 2026 | +28.7% | +37.7% |
| P/E | 65.7 | 1,061.8 |
| P/S | 18.5 | 28.4 |
| P/B | 89.9 | 11.9 |
Data as of 2026-10-09 · updates daily after U.S. close
Since June 26, 2026: the change in the closing price, from the daily closes Sectivia records itself since that date.
The two companies
FortinetFTNT
Designs its own ASIC chips, which is what sets the FortiGate firewalls apart, and builds out from there into SASE and OT security for critical infrastructure.
Full FTNT profile →Palo Alto NetworksPANW
Network firewalls and SASE sit at the base, with the Cortex SOC tools and Prisma Cloud on top. Among pure-play cybersecurity companies it is the biggest, and the platform leans harder on AI each year.
Full PANW profile →