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Stock Comparison

FTNT vs NTCT

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
FTNT
Fortinet, Inc.

Software - Infrastructure

TechnologyNASDAQ • US
Market Cap$66.87B
5Y Perf.+223.0%
NTCT
NetScout Systems, Inc.

Software - Infrastructure

TechnologyNASDAQ • US
Market Cap$2.58B
5Y Perf.+30.2%

FTNT vs NTCT — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
FTNT logoFTNT
NTCT logoNTCT
IndustrySoftware - InfrastructureSoftware - Infrastructure
Market Cap$66.87B$2.58B
Revenue (TTM)$6.80B$861M
Net Income (TTM)$1.85B$96M
Gross Margin80.8%79.2%
Operating Margin30.6%12.8%
Forward P/E30.2x14.8x
Total Debt$996M$76M
Cash & Equiv.$2.50B$457M

FTNT vs NTCTLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

FTNT
NTCT
StockMay 20May 26Return
Fortinet, Inc. (FTNT)100323.0+223.0%
NetScout Systems, I… (NTCT)100130.2+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.

Bottom line: FTNT leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. NetScout Systems, Inc. is the stronger pick specifically for valuation and capital efficiency and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
FTNT
Fortinet, Inc.
The Income Pick

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%
Best for: income & stability and growth exposure
NTCT
NetScout Systems, Inc.
The Value Play

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%
Best for: value and momentum
See the full category breakdown
CategoryWinnerWhy
GrowthFTNT logoFTNT14.2% revenue growth vs NTCT's -0.8%
ValueNTCT logoNTCTLower P/E (14.8x vs 30.2x)
Quality / MarginsFTNT logoFTNT27.3% margin vs NTCT's 11.1%
Stability / SafetyFTNT logoFTNTBeta 1.02 vs NTCT's 1.12
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)NTCT logoNTCT+69.4% vs FTNT's -17.3%
Efficiency (ROA)FTNT logoFTNT17.8% ROA vs NTCT's 4.3%

FTNT vs NTCT — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

FTNTFortinet, Inc.
FY 2024
Security Subscription
38.9%$2.3B
Product
32.0%$1.9B
Technical Support and Other
29.1%$1.7B
NTCTNetScout Systems, Inc.
FY 2025
Service
56.3%$463M
Product
43.7%$360M

FTNT vs NTCT — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLFTNTLAGGINGNTCT

Income & Cash Flow (Last 12 Months)

FTNT leads this category, winning 5 of 6 comparable metrics.

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.

MetricFTNT logoFTNTFortinet, Inc.NTCT logoNTCTNetScout Systems,…
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 year0.0%+11.9%
FTNT leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

NTCT leads this category, winning 5 of 5 comparable metrics.
MetricFTNT logoFTNTFortinet, Inc.NTCT logoNTCTNetScout Systems,…
Market CapShares × price$66.9B$2.6B
Enterprise ValueMkt cap + debt − cash$65.4B$2.2B
Trailing P/EPrice ÷ TTM EPS37.00x-7.07x
Forward P/EPrice ÷ next-FY EPS est.30.22x14.82x
PEG RatioP/E ÷ EPS growth rate1.12x
EV / EBITDAEnterprise value multiple29.26x
Price / SalesMarket cap ÷ Revenue9.83x3.14x
Price / BookPrice ÷ Book value/share54.35x1.66x
Price / FCFMarket cap ÷ FCF30.04x12.24x
NTCT leads this category, winning 5 of 5 comparable metrics.

Profitability & Efficiency

FTNT leads this category, winning 6 of 8 comparable metrics.

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.

MetricFTNT logoFTNTFortinet, Inc.NTCT logoNTCTNetScout Systems,…
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 0–976
Debt / EquityFinancial leverage0.81x0.05x
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 expense112.99x55.89x
FTNT leads this category, winning 6 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

FTNT leads this category, winning 4 of 6 comparable metrics.

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.

MetricFTNT logoFTNTFortinet, Inc.NTCT logoNTCTNetScout Systems,…
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%
FTNT leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — FTNT and NTCT each lead in 1 of 2 comparable metrics.

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.

MetricFTNT logoFTNTFortinet, Inc.NTCT logoNTCTNetScout Systems,…
Beta (5Y)Sensitivity to S&P 5001.02x1.12x
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 0–10063.168.3
Avg Volume (50D)Average daily shares traded5.6M541K
Evenly matched — FTNT and NTCT each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

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).

MetricFTNT logoFTNTFortinet, Inc.NTCT logoNTCTNetScout Systems,…
Analyst RatingConsensus buy/hold/sellHoldHold
Price TargetConsensus 12-month target$86.81$29.00
# AnalystsCovering analysts6821
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+3.4%+1.0%
Insufficient data to determine a leader in this category.
Key Takeaway

FTNT leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NTCT leads in 1 (Valuation Metrics). 1 tied.

Best OverallFortinet, Inc. (FTNT)Leads 3 of 6 categories
Loading custom metrics...

FTNT vs NTCT: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is 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.

02

Which 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.

03

Which 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.

04

Which 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.

05

Which 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.

06

Which 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.

07

Is 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.

08

Which 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.

09

Is 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.

10

What 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.

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FTNT

Quality Mega-Cap Compounder

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 7%
  • Net Margin > 16%
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NTCT

Quality Business

  • Sector: Technology
  • Market Cap > $100B
  • Net Margin > 6%
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Beat Both

Find stocks that outperform FTNT and NTCT on the metrics below

Revenue Growth>
%
(FTNT: 14.8% · NTCT: -0.5%)
Net Margin>
%
(FTNT: 27.3% · NTCT: 11.1%)

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