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Stock Comparison · Structural lead, mixed market

Fortinet vs Gaztransport & Technigaz: Which Stock Looks Stronger in 2026?

Gaztransport & Technigaz holds the cleaner structural position, with profitability as the main driver and valuation adding further support. Fortinet does not offset that deficit through any equally strong structural edge elsewhere. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (FTNT: Nasdaq 100, GTT.PA: STOXX 600).

Updated 2026-05-17

Profitability remains the main source of distance in the comparison. Gaztransport & Technigaz SA leads by 28 points on the overall comparison score.

Trajectory Similarity
0.66
Moderately similar
Peer-set rank: #30
within Fortinet, Inc.'s functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

A moderate similarity means the pair is structurally comparable, but not a near-twin trajectory match.

The strongest overlap appears in capital structure and margin trend.

Similarity drivers
capital structuremargin trend
What reduces the match
revenue growth trajectory
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
FTNT
Fortinet, Inc.
52
Peer-Score
Signal qualityMedium
Peer basis: Nasdaq 100
vs
GTT.PA
Gaztransport & Technigaz SA
80
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: FTNT vs GTT.PA Profitability 40 100 Stability 56 72 Valuation 47 66 Growth 75 77 FTNT GTT.PA
Gap Ranking
#1 Profitability +60
#2 Valuation +19
#3 Stability +16
#4 Growth +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for FTNT and GTT.PA Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer FTNTGTT.PA Relative valuation Structural strength

Gaztransport & Technigaz SA looks stronger both structurally and on relative valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where FTNT and GTT.PA each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY FTNT Elevated · above norm 0th 50th 100th 0 pct gap GTT.PA Elevated · near norm 0th 50th 100th 99th 99th
FTNT (99th percentile) and GTT.PA (99th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Both rank well on profitability, but Gaztransport & Technigaz SA still holds a clear edge.
Valuation
On valuation, the edge is clear — both rank well, but Gaztransport & Technigaz SA sits noticeably higher.
Profitability — Dominant Gap
FTNT
40
GTT.PA
100
Gap+60in favour of GTT.PA

The profitability lead is mainly driven by a 45-point operating margin advantage.

What else supports the lead

A forward P/E that is 18.4 turns lower adds a second meaningful layer to the lead.

What this means for the comparison

Profitability is the clearest driver, and valuation also supports Gaztransport & Technigaz SA's broader structural position.

Explore full peer positioning in AssetNext

Break down the FTNT vs GTT.PA comparison across all dimensions with the full interactive tool.

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Similar profitability-driven comparisons

Explore how FTNT and GTT.PA each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.