FortinetSTU:FO8 +3.13%93 EBITDA Margin % is 37.88% as of Mar. 2026, which is 67% above its 10-year median of 22.65. GuruFocus rates STU:FO8 with a GF Score™ of 93/100 and a GF Value™ of €87.05 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,820 Software companies, Fortinet ranks better than 92.41% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. Fortinet's EBITDA for the
three
months ended in Mar. 2026 was €606 Mil. Fortinet's Revenue for the
three
months ended in Mar. 2026 was €1,600 Mil. Therefore, Fortinet's EBITDA margin for the quarter that ended in Mar. 2026 was 37.88%.
Fortinet (STU:FO8) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
Fortinet EBITDA Margin % Related Terms
Fortinet EBITDA Margin % Historical Data
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The historical data trend for Fortinet's EBITDA Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:FO8 vs SNPS, NET, CRWV: EBITDA Margin % Comparison
For the Software - Infrastructure subindustry, Fortinet's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortinet EBITDA Margin % vs Software Industry
For the Software industry and Technology sector, Fortinet's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where Fortinet's EBITDA Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortinet (STU:FO8) has a EBITDA Margin % of 37.88% as of Mar. 2026. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Fortinet and its competitors. This is 67% above median its historical median of 22.65. Over the past decade, Fortinet's EBITDA Margin % has ranged from 7.48 to 36.96. According to the industry distribution chart, Fortinet ranks #214 out of 2820 companies in the Software industry, placing it in the top 7.6%.
Is Fortinet's EBITDA Margin % too high?
Fortinet's current EBITDA Margin % of 37.88% is 67% above median its 10-year median of 22.65. Over the past 10 years, this metric has ranged from a low of 7.48 to a high of 36.96. The Software industry median EBITDA Margin % is 8.07. Fortinet's value of 37.88% is 369.4% above this industry median. Based on the distribution chart, Fortinet ranks #214 out of 2820 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Fortinet has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortinet's EBITDA Margin % compare to SNPS and NET?
According to the Software industry distribution chart, Fortinet ranks #214 out of 2820 companies for EBITDA Margin %. This places Fortinet in the top 8% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 8.07. Fortinet's value of 37.88% is 369.4% above this benchmark. Historically, Fortinet's own EBITDA Margin % has ranged from 7.48 to 36.96 over the past decade. While the company's 10-year median is 22.65 vs. the industry median of 8.07, Fortinet has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Software company?
The median EBITDA Margin % among Software companies is 8.07, based on 2,820 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortinet's current EBITDA Margin % of 37.88% is 369.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on Fortinet and its competitors. For the Software industry, the median EBITDA Margin % is 8.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortinet's current EBITDA Margin % is 37.88%, which is 67% above median its own 10-year median of 22.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortinet stock overvalued right now?
Based on GuruFocus' analysis, Fortinet (STU:FO8) is currently considered Significantly Overvalued. The stock's GF Value™ is €87.05, compared to a current price of €131.74 — trading 51.3% above its estimated fair value. The current EBITDA Margin % is 37.88%, which is 67% above median its 10-year median of 22.65 and 369.4% above the Software industry median of 8.07. Fortinet's overall GF Score™ is 93/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For Fortinet (STU:FO8), the current EBITDA Margin % is 37.88% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fortinet (STU:FO8) Overvalued in 2026?
Based on GuruFocus' analysis, Fortinet stock appears to be overvalued.
The current stock price of €131.74 is trading 51.3% above its estimated GF Value™ of €87.05.
GuruFocus considers Fortinet to be Significantly Overvalued.
Key valuation signals for STU:FO8:
EBITDA Margin %: 37.88% (67% above median its 10-year median of 22.65)
GF Value™: €87.05 vs. price of €131.74 (51.3% above fair value)
Industry Position: 369.4% above the Software median (#214 of 2820)
No single metric tells the full story. See the STU:FO8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.
93GF Score
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EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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