How do Fortinet and Lamb Weston compare by revenue?

Fortinet reported revenue of $1.8B in Q1 FY2026, while Lamb Weston reported $1.6B in Q2 FY2027. Fortinet is 1.2× larger by last-quarter revenue.

Which is growing revenue faster, Fortinet or Lamb Weston?

Fortinet's latest revenue grew 20.1% year-over-year, versus -67.7% for Lamb Weston. Fortinet is growing faster on a YoY basis.

Which has a higher gross margin, Fortinet or Lamb Weston?

Fortinet's gross margin is 80.3% vs Lamb Weston's 21.2%. Fortinet converts more of each revenue dollar into gross profit.

Which has a higher net margin, Fortinet or Lamb Weston?

Fortinet's net margin is 28.9% vs Lamb Weston's 3.5%. Fortinet has the higher bottom-line margin.

What is the 2-year revenue CAGR for Fortinet vs Lamb Weston?

Over the trailing 8 quarters, Fortinet compounded revenue at roughly 13.6% per year, versus -2.7% for Lamb Weston. Fortinet has the faster medium-term growth trajectory.

Where does this FTNT vs LW data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Fortinet (FTNT) and Lamb Weston (LW). Click either name above to swap in a different company.

Fortinet is the larger business by last-quarter revenue ($1.8B vs $1.6B, roughly 1.2× Lamb Weston). Fortinet runs the higher net margin — 28.9% vs 3.5%, a 25.4% gap on every dollar of revenue. On growth, Fortinet posted the faster year-over-year revenue change (20.1% vs -67.7%). Over the past eight quarters, Fortinet's revenue compounded faster (13.6% CAGR vs -2.7%).

FortinetFTNTEarnings & Financial Report

Nasdaq · Information Technology · Computer Peripheral Equipment, NEC

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.

Lamb WestonLWEarnings & Financial Report

NYSE · Consumer Staples · Packaged Foods & Meats

Lamb Weston Holdings, Inc. is an American food processing company that is one of the world's largest producers and processors of frozen french fries, waffle fries, and other frozen potato products. It is headquartered in Eagle, Idaho, a suburb of Boise.

FTNT vs LW — Head-to-Head

Bigger by revenue

FTNT

1.2× larger

$1.8B

$1.6B

Growing faster (revenue YoY)

FTNT

+87.8% gap

20.1%

-67.7%

Higher net margin

FTNT

25.4% more per $

28.9%

3.5%

Faster 2-yr revenue CAGR

FTNT

Annualised

13.6%

-2.7%

Income Statement — Q1 FY2026 vs Q2 FY2027

Metric	FTNT	LW
Revenue	$1.8B	$1.6B
Net Profit	$534.5M	$54.0M
Gross Margin	80.3%	21.2%
Operating Margin	31.4%	8.1%
Net Margin	28.9%	3.5%
Revenue YoY	20.1%	-67.7%
Net Profit YoY	—	-70.1%
EPS (diluted)	$0.72	$0.39

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

FTNT

Q3 26	—	$1.6B
Q1 26	$1.8B	$1.6B
Q4 25	$1.9B	$1.6B
Q3 25	$1.7B	$1.7B
Q2 25	$1.6B	$1.7B
Q1 25	$1.5B	$1.5B
Q4 24	$1.7B	$1.6B
Q3 24	$1.5B	$1.7B

Net Profit

FTNT

Q3 26	—	$54.0M
Q1 26	$534.5M	$54.0M
Q4 25	$506.0M	$62.1M
Q3 25	$473.9M	$64.3M
Q2 25	$440.1M	$119.9M
Q1 25	$433.4M	$146.0M
Q4 24	$526.2M	$-36.1M
Q3 24	$539.9M	$127.4M

Gross Margin

FTNT

Q3 26	—	21.2%
Q1 26	80.3%	21.2%
Q4 25	79.6%	20.0%
Q3 25	80.8%	20.6%
Q2 25	80.7%	20.4%
Q1 25	81.0%	27.8%
Q4 24	81.1%	17.4%
Q3 24	82.5%	21.5%

Operating Margin

FTNT

Q3 26	—	8.1%
Q1 26	31.4%	8.1%
Q4 25	32.8%	8.6%
Q3 25	31.7%	9.4%
Q2 25	28.1%	11.1%
Q1 25	29.5%	16.4%
Q4 24	34.6%	1.2%
Q3 24	31.2%	12.8%

Net Margin

FTNT

Q3 26	—	3.5%
Q1 26	28.9%	3.5%
Q4 25	26.6%	3.8%
Q3 25	27.5%	3.9%
Q2 25	27.0%	7.2%
Q1 25	28.1%	9.6%
Q4 24	31.7%	-2.3%
Q3 24	35.8%	7.7%

EPS (diluted)

FTNT

Q3 26	—	$0.39
Q1 26	$0.72	$0.39
Q4 25	$0.67	$0.44
Q3 25	$0.62	$0.46
Q2 25	$0.57	$0.84
Q1 25	$0.56	$1.03
Q4 24	$0.68	$-0.25
Q3 24	$0.70	$0.88

Balance Sheet & Financial Strength

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

Metric	FTNT	LW
Cash + ST InvestmentsLiquidity on hand	$3.3B	$57.5M
Total DebtLower is stronger	$496.8M	$269.2M
Stockholders' EquityBook value	$989.7M	$1.8B
Total Assets	$9.9B	$7.4B
Debt / EquityLower = less leverage	0.50×	0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

FTNT

Q3 26	—	$57.5M
Q1 26	$3.3B	$57.5M
Q4 25	$2.5B	$82.7M
Q3 25	$2.0B	$98.6M
Q2 25	$3.4B	$70.7M
Q1 25	$3.6B	$67.5M
Q4 24	$2.9B	$79.0M
Q3 24	$2.5B	$120.8M

Total Debt

FTNT

Q3 26	—	$269.2M
Q1 26	$496.8M	$3.6B
Q4 25	—	$3.6B
Q3 25	—	$3.7B
Q2 25	—	$3.7B
Q1 25	—	$3.7B
Q4 24	—	$3.7B
Q3 24	—	$3.4B

Stockholders' Equity

FTNT

Q3 26	—	$1.8B
Q1 26	$989.7M	$1.8B
Q4 25	$1.2B	$1.8B
Q3 25	$735.1M	$1.8B
Q2 25	$2.1B	$1.7B
Q1 25	$2.0B	$1.6B
Q4 24	$1.5B	$1.6B
Q3 24	$908.1M	$1.8B

Total Assets

FTNT

Q3 26	—	$7.4B
Q1 26	$9.9B	$7.4B
Q4 25	$10.4B	$7.3B
Q3 25	$9.4B	$7.2B
Q2 25	$10.6B	$7.4B
Q1 25	$10.4B	$7.4B
Q4 24	$9.8B	$7.5B
Q3 24	$8.9B	$7.5B

Debt / Equity

FTNT

Q3 26	—	0.15×
Q1 26	0.50×	1.99×
Q4 25	—	2.08×
Q3 25	—	2.05×
Q2 25	—	2.12×
Q1 25	—	2.25×
Q4 24	—	2.26×
Q3 24	—	1.87×

Cash Flow & Capital Efficiency

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

Metric	FTNT	LW
Operating Cash FlowLast quarter	$1.1B	$595.6M
Free Cash FlowOCF − Capex	$1.0B	—
FCF MarginFCF / Revenue	54.4%	—
Capex IntensityCapex / Revenue	—	—
Cash ConversionOCF / Net Profit	2.02×	11.03×
TTM Free Cash FlowTrailing 4 quarters	$2.4B	—