CRWD vs FTNT
CrowdStrike (CRWD) and Fortinet (FTNT) compared side by side. CrowdStrike (CRWD) is larger, with a market cap of $263.7B versus $132.1B for Fortinet, about 2.0 times the size. On trailing earnings, FTNT is cheaper at 63.6x versus 4292.8x for CRWD.
Head to head
| Metric | CRWD | FTNT |
|---|---|---|
| Market cap | $263.7B | $132.1B |
| P/E (TTM) | 4292.8x | 63.6x |
| Forward P/E | 159.9x | 47.5x |
| Revenue (TTM) | $5.4B | $7.5B |
| Revenue growth | 25.8% | 25.6% |
| Gross margin | 75.2% | 80.2% |
| Operating margin | -2.3% | 33.6% |
| Free cash flow | $1.5B | $3.1B |
| Dividend yield | None | None |
| 1-year return | +97.4% | +111.9% |
| 5-year return (annual) | +29.5% | +21.8% |
| Max drawdown | -68% | -51% |
| FI Handbook grade | C- | B |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
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CRWD vs FTNT FAQ
Which is bigger, CRWD or FTNT?
CrowdStrike (CRWD) is larger, with a market cap of $263.7B versus $132.1B for Fortinet, about 2.0 times the size.
Is CRWD or FTNT cheaper?
On trailing earnings, FTNT is cheaper at 63.6x versus 4292.8x for CRWD. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, CRWD or FTNT?
FTNT returned +111.9% over the past year including dividends, versus +97.4% for CRWD, through October 23, 2026.
Full pages: CrowdStrike · Fortinet