Royalty Pharma plc
$33.54B- Market cap
- $24.83B
- Debt
- +$9.33B
- Cash
- −$618.70M
Capital structure 73% equity / 27% debt · EV / Revenue 14.11x · EV / EBITDA 31.91x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: RPRX stock price at discount vs FTNT $63.98 current versus $114.98 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at FTNT's multiple
Implied fair value · at RPRX's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple discount
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: RPRX FY 2025 (ended Dec 31, 2025) · FTNT FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 73% equity / 27% debt · EV / Revenue 14.11x · EV / EBITDA 31.91x
Capital structure 99% equity / 1% debt · EV / Revenue 16.65x · EV / EBITDA 45.63x
FTNT carries the larger enterprise value at $113.20B against $33.54B; RPRX trades on the lower EV / Revenue multiple (14.11x vs 16.65x); RPRX on the lower EV / EBITDA (31.91x vs 45.63x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Royalty Pharma plc · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
FORTINET, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.96x
0.81x
Net debt / EBITDA
Leverage against operating earnings
8.29x
-0.60x
Cash and equivalents
Liquid reserves on the balance sheet
$618.70M
$2.50B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$9.33B
$996.30M
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