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Side-by-side financial comparison of Cooper Companies (The) (COO) and Fortinet (FTNT). Click either name above to swap in a different company.

Fortinet is the larger business by last-quarter revenue ($1.9B vs $1.1B, roughly 1.8× Cooper Companies (The)). Fortinet runs the higher net margin — 26.6% vs 7.9%, a 18.6% gap on every dollar of revenue. On growth, Fortinet posted the faster year-over-year revenue change (14.8% vs 4.6%). Fortinet produced more free cash flow last quarter ($577.4M vs $149.9M). Over the past eight quarters, Fortinet's revenue compounded faster (18.6% CAGR vs 6.9%).

The Cooper Companies, Inc., branded as CooperCompanies, is a global medical device company headquartered in San Ramon, California. The company consists of two business units, CooperVision (CVI) which manufactures contact lenses, and CooperSurgical (CSI), which manufactures medical devices and fertility and genomic products for the women's healthcare market.

Fortinet, Inc. is an American cybersecurity company headquartered in Sunnyvale, California. It develops and sells security products including firewalls, endpoint security and intrusion detection systems. Fortinet has offices in the US, Canada, and UK.

COO vs FTNT — Head-to-Head

Bigger by revenue
FTNT
FTNT
1.8× larger
FTNT
$1.9B
$1.1B
COO
Growing faster (revenue YoY)
FTNT
FTNT
+10.2% gap
FTNT
14.8%
4.6%
COO
Higher net margin
FTNT
FTNT
18.6% more per $
FTNT
26.6%
7.9%
COO
More free cash flow
FTNT
FTNT
$427.5M more FCF
FTNT
$577.4M
$149.9M
COO
Faster 2-yr revenue CAGR
FTNT
FTNT
Annualised
FTNT
18.6%
6.9%
COO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COO
COO
FTNT
FTNT
Revenue
$1.1B
$1.9B
Net Profit
$84.6M
$506.0M
Gross Margin
61.1%
79.6%
Operating Margin
13.2%
32.8%
Net Margin
7.9%
26.6%
Revenue YoY
4.6%
14.8%
Net Profit YoY
-28.0%
-3.8%
EPS (diluted)
$0.42
$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COO
COO
FTNT
FTNT
Q4 25
$1.1B
$1.9B
Q3 25
$1.1B
$1.7B
Q2 25
$1.0B
$1.6B
Q1 25
$964.7M
$1.5B
Q4 24
$1.0B
$1.7B
Q3 24
$1.0B
$1.5B
Q2 24
$942.6M
$1.4B
Q1 24
$931.6M
$1.4B
Net Profit
COO
COO
FTNT
FTNT
Q4 25
$84.6M
$506.0M
Q3 25
$98.3M
$473.9M
Q2 25
$87.7M
$440.1M
Q1 25
$104.3M
$433.4M
Q4 24
$117.5M
$526.2M
Q3 24
$104.7M
$539.9M
Q2 24
$88.9M
$379.8M
Q1 24
$81.2M
$299.3M
Gross Margin
COO
COO
FTNT
FTNT
Q4 25
61.1%
79.6%
Q3 25
65.3%
80.8%
Q2 25
67.8%
80.7%
Q1 25
68.4%
81.0%
Q4 24
66.5%
81.1%
Q3 24
66.1%
82.5%
Q2 24
67.0%
80.8%
Q1 24
67.0%
77.5%
Operating Margin
COO
COO
FTNT
FTNT
Q4 25
13.2%
32.8%
Q3 25
16.6%
31.7%
Q2 25
18.4%
28.1%
Q1 25
18.9%
29.5%
Q4 24
19.5%
34.6%
Q3 24
19.2%
31.2%
Q2 24
17.2%
30.5%
Q1 24
16.4%
23.7%
Net Margin
COO
COO
FTNT
FTNT
Q4 25
7.9%
26.6%
Q3 25
9.3%
27.5%
Q2 25
8.7%
27.0%
Q1 25
10.8%
28.1%
Q4 24
11.5%
31.7%
Q3 24
10.4%
35.8%
Q2 24
9.4%
26.5%
Q1 24
8.7%
22.1%
EPS (diluted)
COO
COO
FTNT
FTNT
Q4 25
$0.42
$0.67
Q3 25
$0.49
$0.62
Q2 25
$0.44
$0.57
Q1 25
$0.52
$0.56
Q4 24
$0.59
$0.68
Q3 24
$0.52
$0.70
Q2 24
$0.44
$0.49
Q1 24
$0.41
$0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COO
COO
FTNT
FTNT
Cash + ST InvestmentsLiquidity on hand
$110.6M
$2.5B
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$8.2B
$1.2B
Total Assets
$12.4B
$10.4B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COO
COO
FTNT
FTNT
Q4 25
$110.6M
$2.5B
Q3 25
$124.9M
$2.0B
Q2 25
$116.2M
$3.4B
Q1 25
$100.9M
$3.6B
Q4 24
$107.6M
$2.9B
Q3 24
$109.7M
$2.5B
Q2 24
$112.4M
$2.2B
Q1 24
$135.2M
$1.9B
Total Debt
COO
COO
FTNT
FTNT
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.7B
Q1 24
$2.7B
Stockholders' Equity
COO
COO
FTNT
FTNT
Q4 25
$8.2B
$1.2B
Q3 25
$8.4B
$735.1M
Q2 25
$8.3B
$2.1B
Q1 25
$8.1B
$2.0B
Q4 24
$8.1B
$1.5B
Q3 24
$7.9B
$908.1M
Q2 24
$7.8B
$288.2M
Q1 24
$7.7B
$-137.5M
Total Assets
COO
COO
FTNT
FTNT
Q4 25
$12.4B
$10.4B
Q3 25
$12.4B
$9.4B
Q2 25
$12.4B
$10.6B
Q1 25
$12.2B
$10.4B
Q4 24
$12.3B
$9.8B
Q3 24
$12.1B
$8.9B
Q2 24
$12.0B
$8.1B
Q1 24
$12.0B
$7.7B
Debt / Equity
COO
COO
FTNT
FTNT
Q4 25
0.30×
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.31×
Q4 24
0.32×
Q3 24
0.33×
Q2 24
0.34×
Q1 24
0.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COO
COO
FTNT
FTNT
Operating Cash FlowLast quarter
$247.9M
$620.2M
Free Cash FlowOCF − Capex
$149.9M
$577.4M
FCF MarginFCF / Revenue
14.1%
30.3%
Capex IntensityCapex / Revenue
9.2%
2.2%
Cash ConversionOCF / Net Profit
2.93×
1.23×
TTM Free Cash FlowTrailing 4 quarters
$433.7M
$2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COO
COO
FTNT
FTNT
Q4 25
$247.9M
$620.2M
Q3 25
$261.4M
$655.2M
Q2 25
$96.2M
$451.9M
Q1 25
$190.6M
$863.3M
Q4 24
$268.1M
$477.6M
Q3 24
$207.5M
$608.1M
Q2 24
$111.0M
$342.0M
Q1 24
$122.7M
$830.4M
Free Cash Flow
COO
COO
FTNT
FTNT
Q4 25
$149.9M
$577.4M
Q3 25
$164.5M
$567.5M
Q2 25
$18.1M
$284.1M
Q1 25
$101.2M
$796.8M
Q4 24
$128.1M
$380.0M
Q3 24
$118.5M
$571.8M
Q2 24
$36.9M
$318.9M
Q1 24
$4.6M
$608.5M
FCF Margin
COO
COO
FTNT
FTNT
Q4 25
14.1%
30.3%
Q3 25
15.5%
32.9%
Q2 25
1.8%
17.4%
Q1 25
10.5%
51.8%
Q4 24
12.6%
22.9%
Q3 24
11.8%
37.9%
Q2 24
3.9%
22.2%
Q1 24
0.5%
45.0%
Capex Intensity
COO
COO
FTNT
FTNT
Q4 25
9.2%
2.2%
Q3 25
9.1%
5.1%
Q2 25
7.8%
10.3%
Q1 25
9.3%
4.3%
Q4 24
13.7%
5.9%
Q3 24
8.9%
2.4%
Q2 24
7.9%
1.6%
Q1 24
12.7%
16.4%
Cash Conversion
COO
COO
FTNT
FTNT
Q4 25
2.93×
1.23×
Q3 25
2.66×
1.38×
Q2 25
1.10×
1.03×
Q1 25
1.83×
1.99×
Q4 24
2.28×
0.91×
Q3 24
1.98×
1.13×
Q2 24
1.25×
0.90×
Q1 24
1.51×
2.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

COO
COO

Sphere Other$365.0M34%
Toric And Multifocal$344.7M32%
Office And Surgical$214.5M20%
Fertility$140.9M13%

FTNT
FTNT

Services$1.2B64%
Security Subscription$693.7M36%

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