Software - Infrastructure
Compare Stocks
2 / 10Stock Comparison
FTNT vs NTCT
Revenue, margins, valuation, and 5-year total return — side by side.
Software - Infrastructure
FTNT vs NTCT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Software - Infrastructure | Software - Infrastructure |
| Market Cap | $66.87B | $2.58B |
| Revenue (TTM) | $6.80B | $861M |
| Net Income (TTM) | $1.85B | $96M |
| Gross Margin | 80.8% | 79.2% |
| Operating Margin | 30.6% | 12.8% |
| Forward P/E | 30.2x | 14.8x |
| Total Debt | $996M | $76M |
| Cash & Equiv. | $2.50B | $457M |
FTNT vs NTCT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Fortinet, Inc. (FTNT) | 100 | 323.0 | +223.0% |
| NetScout Systems, I… (NTCT) | 100 | 130.2 | +30.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FTNT vs NTCT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FTNT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 1.02
- Rev growth 14.2%, EPS growth 7.5%, 3Y rev CAGR 15.5%
- 13.0% 10Y total return vs NTCT's 56.7%
NTCT is the clearest fit if your priority is value and momentum.
- Lower P/E (14.8x vs 30.2x)
- +69.4% vs FTNT's -17.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.2% revenue growth vs NTCT's -0.8% | |
| Value | Lower P/E (14.8x vs 30.2x) | |
| Quality / Margins | 27.3% margin vs NTCT's 11.1% | |
| Stability / Safety | Beta 1.02 vs NTCT's 1.12 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +69.4% vs FTNT's -17.3% | |
| Efficiency (ROA) | 17.8% ROA vs NTCT's 4.3% |
FTNT vs NTCT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FTNT vs NTCT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
FTNT leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FTNT is the larger business by revenue, generating $6.8B annually — 7.9x NTCT's $861M. FTNT is the more profitable business, keeping 27.3% of every revenue dollar as net income compared to NTCT's 11.1%. On growth, FTNT holds the edge at +14.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $6.8B | $861M |
| EBITDAEarnings before interest/tax | $2.2B | $171M |
| Net IncomeAfter-tax profit | $1.9B | $96M |
| Free Cash FlowCash after capex | $2.2B | $275M |
| Gross MarginGross profit ÷ Revenue | +80.8% | +79.2% |
| Operating MarginEBIT ÷ Revenue | +30.6% | +12.8% |
| Net MarginNet income ÷ Revenue | +27.3% | +11.1% |
| FCF MarginFCF ÷ Revenue | +32.7% | +32.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.8% | -0.5% |
| EPS Growth (YoY)Latest quarter vs prior year | 0.0% | +11.9% |
Valuation Metrics
NTCT leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $66.9B | $2.6B |
| Enterprise ValueMkt cap + debt − cash | $65.4B | $2.2B |
| Trailing P/EPrice ÷ TTM EPS | 37.00x | -7.07x |
| Forward P/EPrice ÷ next-FY EPS est. | 30.22x | 14.82x |
| PEG RatioP/E ÷ EPS growth rate | 1.12x | — |
| EV / EBITDAEnterprise value multiple | 29.26x | — |
| Price / SalesMarket cap ÷ Revenue | 9.83x | 3.14x |
| Price / BookPrice ÷ Book value/share | 54.35x | 1.66x |
| Price / FCFMarket cap ÷ FCF | 30.04x | 12.24x |
Profitability & Efficiency
FTNT leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
FTNT delivers a 149.8% return on equity — every $100 of shareholder capital generates $150 in annual profit, vs $6 for NTCT. NTCT carries lower financial leverage with a 0.05x debt-to-equity ratio, signaling a more conservative balance sheet compared to FTNT's 0.81x. On the Piotroski fundamental quality scale (0–9), FTNT scores 7/9 vs NTCT's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +149.8% | +6.1% |
| ROA (TTM)Return on assets | +17.8% | +4.3% |
| ROICReturn on invested capital | — | -19.3% |
| ROCEReturn on capital employed | +37.7% | -18.5% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.81x | 0.05x |
| Net DebtTotal debt minus cash | -$1.5B | -$381M |
| Cash & Equiv.Liquid assets | $2.5B | $457M |
| Total DebtShort + long-term debt | $996M | $76M |
| Interest CoverageEBIT ÷ Interest expense | 112.99x | 55.89x |
Total Returns (Dividends Reinvested)
FTNT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FTNT five years ago would be worth $21,471 today (with dividends reinvested), compared to $13,742 for NTCT. Over the past 12 months, NTCT leads with a +69.4% total return vs FTNT's -17.3%. The 3-year compound annual growth rate (CAGR) favors FTNT at 11.7% vs NTCT's 6.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +15.5% | +33.2% |
| 1-Year ReturnPast 12 months | -17.3% | +69.4% |
| 3-Year ReturnCumulative with dividends | +39.2% | +20.8% |
| 5-Year ReturnCumulative with dividends | +114.7% | +37.4% |
| 10-Year ReturnCumulative with dividends | +1302.8% | +56.7% |
| CAGR (3Y)Annualised 3-year return | +11.7% | +6.5% |
Risk & Volatility
Evenly matched — FTNT and NTCT each lead in 1 of 2 comparable metrics.
Risk & Volatility
FTNT is the less volatile stock with a 1.02 beta — it tends to amplify market swings less than NTCT's 1.12 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NTCT currently trades 99.6% from its 52-week high vs FTNT's 82.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.02x | 1.12x |
| 52-Week HighHighest price in past year | $109.33 | $35.93 |
| 52-Week LowLowest price in past year | $70.12 | $19.98 |
| % of 52W HighCurrent price vs 52-week peak | +82.2% | +99.6% |
| RSI (14)Momentum oscillator 0–100 | 63.1 | 68.3 |
| Avg Volume (50D)Average daily shares traded | 5.6M | 541K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates FTNT as "Hold" and NTCT as "Hold". Consensus price targets imply -3.5% upside for FTNT (target: $87) vs -18.9% for NTCT (target: $29).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $86.81 | $29.00 |
| # AnalystsCovering analysts | 68 | 21 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.4% | +1.0% |
FTNT leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NTCT leads in 1 (Valuation Metrics). 1 tied.
FTNT vs NTCT: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FTNT or NTCT a better buy right now?
For growth investors, Fortinet, Inc.
(FTNT) is the stronger pick with 14. 2% revenue growth year-over-year, versus -0. 8% for NetScout Systems, Inc. (NTCT). Fortinet, Inc. (FTNT) offers the better valuation at 37. 0x trailing P/E (30. 2x forward), making it the more compelling value choice. Analysts rate Fortinet, Inc. (FTNT) a "Hold" — based on 68 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FTNT or NTCT?
On forward P/E, NetScout Systems, Inc.
is actually cheaper at 14. 8x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — FTNT or NTCT?
Over the past 5 years, Fortinet, Inc.
(FTNT) delivered a total return of +114. 7%, compared to +37. 4% for NetScout Systems, Inc. (NTCT). Over 10 years, the gap is even starker: FTNT returned +1303% versus NTCT's +56. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FTNT or NTCT?
By beta (market sensitivity over 5 years), Fortinet, Inc.
(FTNT) is the lower-risk stock at 1. 02β versus NetScout Systems, Inc. 's 1. 12β — meaning NTCT is approximately 10% more volatile than FTNT relative to the S&P 500. On balance sheet safety, NetScout Systems, Inc. (NTCT) carries a lower debt/equity ratio of 5% versus 81% for Fortinet, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FTNT or NTCT?
By revenue growth (latest reported year), Fortinet, Inc.
(FTNT) is pulling ahead at 14. 2% versus -0. 8% for NetScout Systems, Inc. (NTCT). On earnings-per-share growth, the picture is similar: Fortinet, Inc. grew EPS 7. 5% year-over-year, compared to -144. 4% for NetScout Systems, Inc.. Over a 3-year CAGR, FTNT leads at 15. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FTNT or NTCT?
Fortinet, Inc.
(FTNT) is the more profitable company, earning 27. 3% net margin versus -44. 6% for NetScout Systems, Inc. — meaning it keeps 27. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FTNT leads at 30. 6% versus -44. 7% for NTCT. At the gross margin level — before operating expenses — FTNT leads at 80. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FTNT or NTCT more undervalued right now?
On forward earnings alone, NetScout Systems, Inc.
(NTCT) trades at 14. 8x forward P/E versus 30. 2x for Fortinet, Inc. — 15. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FTNT: -3. 5% to $86. 81.
08Which pays a better dividend — FTNT or NTCT?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is FTNT or NTCT better for a retirement portfolio?
For long-horizon retirement investors, Fortinet, Inc.
(FTNT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 02), +1303% 10Y return). Both have compounded well over 10 years (FTNT: +1303%, NTCT: +56. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FTNT and NTCT?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.