CrowdStrike (CRWD) vs Fortinet (FTNT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Fortinet (FTNT) has outperformed CrowdStrike (CRWD) over the past year, gaining 118.7% versus a gain of 106.3%. Over five years, CRWD leads with a +285.2% price change compared with +199.9% for FTNT. CrowdStrike is the larger company by market cap ($269.31 billion vs $138.75 billion), about 1.9 times the size.
On valuation, Fortinet trades at a lower forward P/E (50.1x vs 163.8x for CrowdStrike). Fortinet converts more of its revenue into profit, with a net margin of 27.3% versus -3.4%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CRWD | FTNT |
|---|---|---|
| Share price | $263.01 | $189.10 |
| Market cap | $269.31B | $138.75B |
| 1-day change | -0.92% | -0.10% |
| YTD return | +124.43% | +138.13% |
| 1-year return | +106.30% | +118.71% |
| 5-year return | +285.21% | +199.88% |
| P/E ratio (TTM) | — | 66.82 |
| Forward P/E | 163.78 | 50.06 |
| EPS (TTM) | $0.05 | $2.83 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $4.81B | $6.80B |
| Revenue growth (YoY) | +21.71% | +14.17% |
| Net income (latest FY) | $-162.50M | $1.85B |
| Gross margin | 74.67% | 80.46% |
| Operating margin | -6.10% | 30.66% |
| Net margin | -3.38% | 27.26% |
| 52-week high | $286.99 | $192.41 |
| 52-week low | $85.68 | $73.55 |
| Distance from 52-week high | -8.36% | -1.72% |
| Analyst consensus | buy | hold |
| Avg. price target upside | -9.60% | -13.10% |
| Average volume | 9.56M | 4.61M |
| Shares outstanding | 1.02B | 733.71M |
| Employees | 11,706 | 15,472 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer peripheral equipment |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FTNT has outperformed CRWD by 12.4 percentage points over the past year.
- Fortinet is more profitable, keeping 27.3 cents of every revenue dollar as net income versus -3.4 cents for CrowdStrike.
- CrowdStrike grew revenue faster in its latest fiscal year (+21.71% vs +14.17%).
About CrowdStrike
CRWD stock →CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally.
Technology · Computer Software: Prepackaged Software · 11,706 employees
About Fortinet
FTNT stock →Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide.
Technology · Computer peripheral equipment · 15,472 employees
CRWD vs FTNT FAQ
Which is bigger, CrowdStrike or Fortinet?
CrowdStrike (CRWD) is larger, with a market capitalization of $269.31B compared with $138.75B for Fortinet (FTNT).
Which stock has performed better over the past year, CRWD or FTNT?
FTNT returned +118.71% over the past 12 months, compared with +106.30% for CRWD (price return, excluding dividends). Past performance does not predict future results.
Are CrowdStrike and Fortinet in the same industry?
Both are in the Technology sector, but in different industries: Computer Software: Prepackaged Software for CrowdStrike and Computer peripheral equipment for Fortinet.