Palo Alto Networks, Inc.
PANWNASDAQ
$354.68
Last price · USD
- Market cap
- $271.0B
- P/E
- 806.1x
- EV / EBITDA
- 194.8x
- P/S
- 23.6x
- FCF yield
- 1.5%
- Div. yield
- 0.00%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Palo Alto Networks, Inc. key metrics & ratios
Annual · USD millions except per-share data · 36 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Growth (year over year) | |||||||
| Revenue growth | 24.5% | 14.9% | 16.5% | 25.3% | — | — | |
| Operating income growth | -44.1% | 81.7% | 76.6% | 305.1% | — | — | |
| Net income growth | -72.9% | -56.0% | 486.2% | 264.7% | — | — | |
| EPS (diluted) growth | -72.5% | -56.0% | 468.8% | 242.2% | — | — | |
| Free cash flow growth | 18.5% | 11.9% | 17.8% | 46.8% | — | — | |
| Margins | |||||||
| Gross margin | 70.4% | 73.4% | 74.3% | 72.3% | 68.8% | — | |
| Operating margin | 6.1% | 13.5% | 8.5% | 5.6% | -3.4% | — | |
| EBITDA margin | 12.1% | 21.0% | 15.9% | 12.6% | 1.7% | — | |
| Net margin | 2.7% | 12.3% | 32.1% | 6.4% | -4.9% | — | |
| FCF margin | 35.8% | 37.6% | 38.6% | 38.2% | 32.6% | — | |
| Returns on capital | |||||||
| Return on equity | 1.1% | 14.5% | 49.9% | 25.1% | -127.1% | — | |
| Return on assets | 0.6% | 4.8% | 12.9% | 3.0% | -2.2% | — | |
| Return on invested capital | 1.4% | 15.0% | 13.7% | 10.4% | -9.2% | — | |
| Leverage & liquidity | |||||||
| Debt / equity | 0.09x | 0.04x | 0.26x | 1.30x | 18.82x | — | |
| Net debt / EBITDA | -0.01x | -0.99x | -0.15x | 1.31x | 19.19x | — | |
| Current ratio | 0.87x | 0.89x | 0.89x | 0.78x | 0.77x | — | |
| Interest coverage | — | 414.30x | 82.40x | 14.24x | -6.89x | — | |
| Profitability & operating | |||||||
| EBIT | 536 | 1,598 | 993 | 587 | (187) | — | |
| EBITDA | 1,391 | 1,941 | 1,276 | 869 | 96 | +95.3% | |
| Operating income | 695 | 1,243 | 684 | 387 | (189) | — | |
| Income before tax | 536 | 1,596 | 988 | 566 | (207) | — | |
| Net income | 307 | 1,134 | 2,578 | 440 | (267) | — | |
| Earnings per share | |||||||
| EPS (basic) | $0.46 | $1.71 | $4.04 | $0.73 | (0.45) | — | |
| EPS (diluted) | $0.44 | $1.60 | $3.64 | $0.64 | (0.45) | — | |
| Share count (millions) | |||||||
| Weighted avg shares outstanding | 749 | 663 | 638 | 606 | 591 | +6.1% | |
| Weighted avg shares outstanding (diluted) | 764 | 709 | 708 | 685 | 591 | +6.6% | |
| Balance sheet highlights | |||||||
| Net debt | (14) | (1,930) | (191) | 1,135 | 1,834 | — | |
| Total debt | 2,500 | 338 | 1,344 | 2,271 | 3,953 | -10.8% | |
| Total investments | 5,392 | 7,193 | 5,217 | 4,303 | 2,568 | +20.4% | |
| Total stockholders' equity | 27,492 | 7,824 | 5,170 | 1,748 | 210 | +238.3% | |
| Total assets | 48,460 | 23,576 | 19,991 | 14,501 | 12,254 | +41.0% | |
| Cash flow highlights | |||||||
| Free cash flow | 4,113 | 3,470 | 3,101 | 2,631 | 1,792 | +23.1% | |
| Operating cash flow | 4,553 | 3,716 | 3,258 | 2,778 | 1,985 | +23.1% | |
| Capital expenditure | (440) | (246) | (157) | (146) | (193) | — | |
| Net cash from operating activities | 4,553 | 3,716 | 3,258 | 2,778 | 1,985 | +23.1% | |
| Additional fields | |||||||
| Accrued Expenses | 1,886 | 608 | 507 | 391 | 399 | +47.4% | |