COMP <GO>
EVLV vs FTNT // EV/EBITDA & P/E VALUATION
Evolv Technologies Holdings Inc. (Class A) (NASDAQ) VS. Fortinet Inc. (NASDAQ) • 15-METRIC TALLY: EVLV 2
— FTNT 8
■ METRIC PARITY
LAST: $4.69 (-3.30%) • MKT CAP: $878.5M
valuation
—
LAST: $136.08 (-2.17%) • MKT CAP: $102.06B
valuation
42.7x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (EVLV VS. FTNT)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | EVLV | FTNT | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 51.60% | 80.50% | -28.90 | FTNT | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -35.00% | 20.20% | -55.20 | FTNT | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 42.7x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.13% | 2.24% | -0.11 | FTNT | /fcf-yield <GO> |
| Operating Margin | -33.20% | 30.70% | -63.90 | FTNT | /operating-margins <GO> |
| Net Profit Margin | -22.70% | 27.30% | -50.00 | FTNT | /net-margins <GO> |
| Revenue Growth (YoY) | 40.50% | 14.20% | +26.30 | EVLV | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.13 | 8.04 | -6.91 | FTNT | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 9/9 | -1.00 | FTNT | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 57.3 | 29.4 | +27.90 | EVLV | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.14 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 46.3x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $878.5M | $102.06B | -$101.18B | FTNT | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | EVLV REV | FTNT REV | EVLV GROSS % | FTNT GROSS % | EVLV FCF | FTNT FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $145.9M | $6.80B | 51.6% | 80.5% | $18.7M | $2.28B |
| FY 2024 | $103.9M | $5.96B | 57.2% | 80.6% | -$30.9M | $1.99B |
| FY 2023 | $79.6M | $5.30B | — | — | -$9.8M | $1.70B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
EVLV // BETA —
FTNT // BETA 1.14