Fortinet (FTNT) vs Palantir Technologies (PLTR)
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 Palantir Technologies (PLTR) over the past year, gaining 122.9% versus a gain of 6.6%. Over five years, PLTR leads with a +708.8% price change compared with +200.2% for FTNT. Palantir Technologies is the larger company by market cap ($466.48 billion vs $138.88 billion), about 3.4 times the size.
On valuation, Fortinet trades at a lower forward P/E (50.1x vs 82.8x for Palantir Technologies). Palantir Technologies converts more of its revenue into profit, with a net margin of 36.3% versus 27.3%.
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 | FTNT | PLTR |
|---|---|---|
| Share price | $189.28 | $194.12 |
| Market cap | $138.88B | $466.48B |
| 1-day change | -1.04% | +1.07% |
| YTD return | +138.36% | +9.21% |
| 1-year return | +122.89% | +6.56% |
| 5-year return | +200.17% | +708.83% |
| P/E ratio (TTM) | 67.60 | 167.34 |
| Forward P/E | 50.10 | 82.81 |
| EPS (TTM) | $2.80 | $1.16 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $6.80B | $4.48B |
| Revenue growth (YoY) | +14.17% | +56.18% |
| Net income (latest FY) | $1.85B | $1.63B |
| Gross margin | 80.46% | 82.37% |
| Operating margin | 30.66% | 31.59% |
| Net margin | 27.26% | 36.31% |
| 52-week high | $192.41 | $207.52 |
| 52-week low | $73.55 | $106.37 |
| Distance from 52-week high | -1.63% | -6.46% |
| Analyst consensus | hold | buy |
| Avg. price target upside | -13.19% | +2.95% |
| Average volume | 4.62M | 33.60M |
| Shares outstanding | 733.71M | 2.30B |
| Employees | 15,472 | 4,401 |
| Sector | Technology | Technology |
| Industry | Computer peripheral equipment | Computer Software: Prepackaged Software |
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
- Palantir Technologies is about 3.4 times larger than Fortinet by market value ($466.48B vs $138.88B).
- FTNT has outperformed PLTR by 116.3 percentage points over the past year.
- Palantir Technologies trades at a higher earnings multiple (167.3x vs 67.6x trailing P/E).
- Palantir Technologies is more profitable, keeping 36.3 cents of every revenue dollar as net income versus 27.3 cents for Fortinet.
- Palantir Technologies grew revenue faster in its latest fiscal year (+56.18% vs +14.17%).
About Fortinet
FTNT stock →Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide.
Technology · Computer peripheral equipment · 15,472 employees
About Palantir Technologies
PLTR stock →Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally.
Technology · Computer Software: Prepackaged Software · 4,401 employees
FTNT vs PLTR FAQ
Which is bigger, Fortinet or Palantir Technologies?
Palantir Technologies (PLTR) is larger, with a market capitalization of $466.48B compared with $138.88B for Fortinet (FTNT).
Which stock has performed better over the past year, FTNT or PLTR?
FTNT returned +122.89% over the past 12 months, compared with +6.56% for PLTR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FTNT or PLTR?
FTNT has the lower trailing P/E at 67.6, versus 167.3 for PLTR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Fortinet and Palantir Technologies in the same industry?
Both are in the Technology sector, but in different industries: Computer peripheral equipment for Fortinet and Computer Software: Prepackaged Software for Palantir Technologies.