WallStSmart

Fortinet Inc (FTNT)vsWorkiva Inc (WK)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Fortinet Inc generates 668% more annual revenue ($7.11B vs $925.59M). FTNT leads profitability with a 27.5% profit margin vs 1.5%. FTNT trades at a lower P/E of 57.7x. FTNT earns a higher WallStSmart Score of 67/100 (B-).

FTNT

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 9.5Value: 4.7Quality: 5.5
Piotroski: 5/9Altman Z: 1.50

WK

Avoid

35

out of 100

Grade: F

Growth: 6.7Profit: 3.5Value: 4.0Quality: 6.0
Piotroski: 5/9Altman Z: 0.22
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FTNTUndervalued (+45.3%)

Margin of Safety

+45.3%

Fair Value

$264.55

Current Price

$148.00

$116.55 discount

UndervaluedFair: $264.55Overvalued

Intrinsic value data unavailable for WK.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FTNT6 strengths · Avg: 9.0/10
Return on EquityProfitability
197.5%10/10

Every $100 of equity generates 197 in profit

Operating MarginProfitability
31.3%10/10

Strong operational efficiency at 31.3%

Market CapQuality
$109.52B9/10

Large-cap with strong market position

Profit MarginProfitability
27.5%9/10

Keeps 28 of every $100 in revenue as profit

Revenue GrowthGrowth
20.1%8/10

Revenue surging 20.1% year-over-year

EPS GrowthGrowth
28.6%8/10

Earnings expanding 28.6% YoY

WK2 strengths · Avg: 9.0/10
Debt/EquityHealth
-62.9010/10

Conservative balance sheet, low leverage

Revenue GrowthGrowth
19.9%8/10

19.9% revenue growth

Areas to Watch

FTNT4 concerns · Avg: 2.5/10
Altman Z-ScoreHealth
1.504/10

Distress zone — elevated risk

PEG RatioValuation
3.372/10

Expensive relative to growth rate

P/E RatioValuation
57.7x2/10

Premium valuation, high expectations priced in

Price/BookValuation
109.6x2/10

Trading at 109.6x book value

WK4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
1.5%3/10

1.5% margin — thin

P/E RatioValuation
203.9x2/10

Premium valuation, high expectations priced in

Return on EquityProfitability
-2763.0%2/10

ROE of -2763.0% — below average capital efficiency

Comparative Analysis Report

WallStSmart Research

Bull Case : FTNT

The strongest argument for FTNT centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 27.5% and operating margin at 31.3%. Revenue growth of 20.1% demonstrates continued momentum.

Bull Case : WK

The strongest argument for WK centers on Debt/Equity, Revenue Growth. Revenue growth of 19.9% demonstrates continued momentum.

Bear Case : FTNT

The primary concerns for FTNT are Altman Z-Score, PEG Ratio, P/E Ratio. A P/E of 57.7x leaves little room for execution misses.

Bear Case : WK

The primary concerns for WK are EPS Growth, Profit Margin, P/E Ratio. A P/E of 203.9x leaves little room for execution misses. Thin 1.5% margins leave little buffer for downturns.

Key Dynamics to Monitor

FTNT carries more volatility with a beta of 1.11 — expect wider price swings.

FTNT is growing revenue faster at 20.1% — sustainability is the question.

FTNT generates stronger free cash flow (1.0B), providing more financial flexibility.

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FTNT scores higher overall (67/100 vs 35/100), backed by strong 27.5% margins and 20.1% revenue growth. Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Fortinet Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.

Workiva Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

Workiva Inc. provides global cloud-based compliance and regulatory reporting solutions. The company is headquartered in Ames, Iowa.

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