A Decade of EBITDA: Fortinet vs. Corning

In the ever-evolving landscape of technology and manufacturing, Fortinet, Inc. and Corning Incorporated have carved distinct paths over the past decade. Fortinet, a leader in cybersecurity, has seen its EBITDA grow exponentially, from a modest $81 million in 2014 to a staggering $1.47 billion in 2023. This represents an impressive growth rate of over 1,700%, underscoring the increasing demand for cybersecurity solutions in a digital-first world.

Conversely, Corning, a stalwart in materials science, has experienced a more fluctuating journey. Despite a peak EBITDA of $3.77 billion in 2021, recent years have seen a decline, with 2023 figures dropping to $2.51 billion. This 33% decrease highlights the challenges faced by traditional manufacturing sectors amidst global economic shifts.

As we look to the future, these trends offer a compelling narrative of innovation versus tradition, with each company navigating its unique challenges and opportunities.