Fortinet vs Palantir (FTNT vs PLTR)
Fortinet (FTNT) vs Palantir (PLTR) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Fortinet (FTNT) and Palantir (PLTR) compete in software and cloud. Here are Fortinet and Palantir side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Fortinet or Palantir.
Fortinet vs Palantir: the figures
| Figure | Fortinet | Palantir |
|---|---|---|
| Share price | $129.39 (November 4, 2026) | $171.70 (November 4, 2026) |
| Market cap | $95.1 billion | $413.7 billion |
| P/E (TTM) | 42.3x | 120.9x |
| Forward P/E | 33.2x | 69.2x |
| Revenue growth (quarter) | +20.5% | +95.9% |
| Net margin (TTM) | 29.0% | 50.3% |
| Net debt / EBITDA | Net cash | Net cash |
| Dividend yield | 0.00% | 0.00% |
| Beta | 1.04 | 1.61 |
Fortinet and Palantir figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Fortinet or Palantir figure is not available, and we never estimate it.
3 key differences between Fortinet and Palantir
- Growth: Palantir grew sales +95.9% year on year in its latest quarter, against +20.5% for Fortinet.
- Valuation: Palantir trades at 120.9x its annual earnings and Fortinet at 42.3x; the market pays more for each dollar of Palantir profit, usually because it expects more growth.
- Profitability: for every 100 of sales, Palantir keeps 50.3 as net profit and Fortinet keeps 29.0.
Fortinet or Palantir: which fits your profile
- If you want growth: Palantir is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you prefer caution: Palantir has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Fortinet trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Fortinet nor Palantir wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Fortinet and Palantir make money
Fortinet (FTNT)
Fortinet sells FortiGate firewalls, powered by its own custom chips, plus the security services that run on them. Revenue is split between product, meaning the hardware, and service, its larger line, which covers security subscriptions and technical support. Customers include enterprises, carriers and governments across the Americas, Europe and Asia. Full Fortinet analysis.
Palantir (PLTR)
Palantir Technologies sells data analytics and AI software. It reports two segments: Government, the larger, which uses its Gotham platform for defense, intelligence and civilian agencies, mostly in the U.S.; and Commercial, which sells Foundry and AIP to businesses. The United States generates most of its revenue. Full Palantir analysis.
Frequently asked questions: Fortinet vs Palantir
Is Fortinet or Palantir the better stock?
Choosing between Fortinet and Palantir depends on what you are looking for. Palantir is growing faster right now, and Fortinet trades on the lower P/E. Fintols does not tell you whether to buy Fortinet or Palantir: it shows you the differences so you can decide.
Which pays a higher dividend, Fortinet or Palantir?
Neither pays a dividend as of November 4, 2026: Fortinet and Palantir put what they earn into growth or other forms of shareholder return.
Which is more expensive, Fortinet or Palantir?
On P/E, Palantir (120.9x) is more expensive than Fortinet (42.3x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Fortinet and Palantir?
Yes. Many people spread their money across several companies, such as Fortinet and Palantir, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Fortinet or Palantir.
More comparisons with Fortinet or Palantir
- Fortinet vs Palo Alto Networks
- CrowdStrike vs Fortinet
- Palo Alto Networks vs Palantir
- CrowdStrike vs Palantir
More companies like Fortinet and Palantir: software and cloud stocks. Educational content about Fortinet and Palantir, not investment advice.