Quick verdict: CRWV vs FTNT in 2026

Overall, CoreWeave (CRWV) shows a distinct edge in high-growth potential and analyst optimism, while Fortinet (FTNT) offers solid profitability and a more stable financial footing. CoreWeave leads in revenue growth, EBITDA margin, and analyst sentiment, indicating strong market momentum and future expectations despite current unprofitability. Fortinet stands out for its robust net margins, positive free cash flow, and a more favorable debt-to-equity ratio, appealing to investors prioritizing financial stability and profitability. Not investment advice.

CRWV vs FTNT: key metrics side by side

Full side-by-side comparison of CRWV and FTNT across valuation, profitability, growth and analyst sentiment. Data updated 2026-04-03.

CRWV vs FTNT valuation comparison

When considering CRWV vs FTNT valuation, investors face a stark contrast. CoreWeave (CRWV) currently trades with a negative P/E ratio of -30.66x, indicating that the company is not currently profitable. This negative P/E is reflected in its discounted cash flow (DCF) analysis, which suggests a significant downside of -267.0%, implying that based on its future cash flow projections, it may be substantially overvalued at its current price of $82.24. In contrast, Fortinet (FTNT) boasts a positive P/E ratio of 33.09x, a testament to its consistent profitability. Its DCF analysis points to an upside of +8.3% from its current price of $82.53, suggesting it is trading at or slightly below its fair value.

Delving deeper into the CRWV vs FTNT fundamentals and valuation, the price-to-book (P/B) ratio also offers insights. CoreWeave’s P/B ratio stands at 10.73x, while Fortinet’s is considerably higher at 49.56x. Although CRWV’s P/B is numerically lower, this must be viewed in the context of its unprofitability and high debt-to-equity ratio of 4.54x, compared to FTNT’s much healthier 0.81x. While CRWV might appear “cheaper” on a P/B basis, its significant unprofitability and negative DCF upside signal higher risk and potential overvaluation given its current financial state. For investors prioritizing demonstrable value based on earnings and future cash generation, Fortinet appears to offer a more grounded valuation, despite its higher P/B ratio.

CRWV vs FTNT growth comparison

In the realm of growth, CoreWeave (CRWV) exhibits explosive momentum, making it a compelling case for growth-oriented investors in this crwv vs ftnt stock comparison 2026. CRWV reported a staggering revenue growth of +167.9% year-over-year, showcasing its rapid expansion in its market segment. This hyper-growth rate far outpaces Fortinet (FTNT), which reported a solid, but more modest, revenue growth of +14.2% over the same period. CRWV’s incredible top-line expansion suggests strong demand for its services and successful market penetration, driving significant forward estimates for its business trajectory.

Despite CRWV’s impressive revenue surge, it’s crucial to examine the sustainability and quality of this growth. While CRWV maintains a robust EBITDA margin of 48.11%, demonstrating operational efficiency before interest, taxes, depreciation, and amortization, its net margin remains negative at -22.74%. This indicates that while the company is growing quickly, it has yet to translate that revenue into bottom-line profitability. Fortinet, on the other hand, presents a more balanced growth profile, combining its 14.2% revenue growth with a healthy net margin of 27.26% and an EBITDA margin of 36.09%. While CoreWeave clearly has stronger momentum in revenue expansion, Fortinet demonstrates more profitable growth, which is a key factor in assessing long-term stability and return potential for both CRWV vs FTNT fundamentals and valuation.

CRWV vs FTNT profitability

A look at CRWV vs FTNT profitability reveals a stark difference in their current financial health. Fortinet (FTNT) stands out as the clear leader in generating profits, boasting a robust net margin of 27.26%. This significant positive margin indicates that Fortinet is highly effective at converting its revenues into earnings for its shareholders. Furthermore, FTNT demonstrates a positive free cash flow (FCF) yield of 3.63%, underscoring its ability to generate substantial cash from its operations after accounting for capital expenditures, a critical measure of financial strength and operational efficiency.

Conversely, CoreWeave (CRWV) currently operates at a loss, as evidenced by its net margin of -22.74%. This negative profitability metric suggests that despite its rapid revenue growth, CRWV is still in a phase where costs outweigh revenues. The company also reports a negative FCF yield of -16.77%, indicating that it is burning cash rather than generating it. While CRWV does exhibit a higher EBITDA margin of 48.11% compared to FTNT’s 36.09%, which points to strong operational efficiency before non-operating expenses, its inability to translate this into net profit or positive cash flow is a significant concern for investors focused on profitability. Neither company provides a calculable Return on Equity (ROE) at this time. Therefore, Fortinet unequivocally generates more cash and is the more profitable entity in this CRWV vs FTNT stock comparison 2026.

Analyst ratings: CRWV vs FTNT

Analyst sentiment heavily favors CoreWeave (CRWV) in this comparison, showcasing a stronger belief in its future upside among financial professionals. Out of 25 analysts covering CRWV, a significant 56.0% currently recommend a “Buy” rating. The consensus for CRWV is a clear “Buy,” with a high average price target of $111.36, representing a substantial +35.4% upside from its current price. This strong backing suggests analysts foresee CRWV’s rapid growth translating into future value, despite its current unprofitability.

For Fortinet (FTNT), while still respected, analyst sentiment is more tempered. Covered by a larger pool of 68 analysts, 44.1% have a “Buy” rating, which is respectable but trails CRWV. The consensus for FTNT is a “Hold,” with an average price target of $85.67, indicating a more modest +3.8% upside from its current share price. This suggests analysts view Fortinet as a stable, well-performing company but with limited immediate catalysts for significant price appreciation. Therefore, analysts clearly prefer CRWV for its potential for high returns, although FTNT maintains a solid, if less exciting, outlook.

Should I buy CRWV or FTNT stock in 2026?

Deciding whether should I buy CRWV or FTNT stock in 2026 largely depends on an investor’s risk appetite and investment strategy. For growth-oriented investors willing to tolerate higher risk for potentially massive returns, CoreWeave (CRWV) presents a compelling, albeit speculative, option. Its staggering 167.9% revenue growth and strong analyst “Buy” consensus with a +35.4% price target upside indicate a company with significant expansion potential. However, CRWV’s negative net margin of -22.74%, negative FCF yield, and high debt-to-equity ratio of 4.54x signal considerable financial risks, making it more suitable for those comfortable with high-growth, high-risk plays.

For investors prioritizing stability, profitability, and more conservative valuation, Fortinet (FTNT) offers a robust alternative. FTNT’s impressive 27.26% net margin, positive FCF yield of 3.63%, and healthy debt-to-equity ratio of 0.81x paint a picture of a financially sound and mature company. While its revenue growth of 14.2% is not as explosive as CRWV’s, it is sustainable and profitable. FTNT’s positive DCF upside of +8.3% suggests fair valuation with potential for steady appreciation, making it a better fit for value investors seeking established fundamentals and consistent performance, addressing the crwv vs ftnt fundamentals and valuation comparison.

Regarding income, neither CRWV nor FTNT currently offers dividends, both having a 0% dividend yield. Therefore, neither stock is suitable for investors seeking regular income streams from their portfolio. Ultimately, the choice between CRWV vs FTNT in 2026 boils down to whether one prefers the aggressive, high-potential growth trajectory of CoreWeave, despite its current unprofitability, or the stable, profitable, and fundamentally strong performance of Fortinet. This is not investment advice; always conduct thorough personal research.

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FAQ: CRWV vs FTNT