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.
Revenue
$11.48B
+24.5%
4Y CAGR +20.2%
Gross profit
$8.08B
+19.3%
4Y CAGR +20.9%
Operating income
$695M
-44.1%
4Y CAGR —
Net income
$307M
-72.9%
4Y CAGR —
EPS (diluted)
$0.44
-72.5%
4Y CAGR —
Free cash flow
$4.11B
+18.5%
4Y CAGR +23.1%
Revenue & net income
Fiscal 2022–2026 · USD
RevenueNet income
Valuation
At $354.68 · FY2026 fundamentals
- Market cap
- $271.0B
- Enterprise value
- $271.0B
- P/E
- 806.1x
- P/S
- 23.6x
- P/B
- 9.9x
- EV / EBITDA
- 194.8x
- EV / Sales
- 23.6x
- Earnings yield
- 0.1%
- FCF yield
- 1.5%
- Shareholder yield
- 0.4%
Profitability
Margins as a share of revenue
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Gross margin | 70.4%+1.6pp | 68.8% | |
| Operating margin | 6.1%+9.5pp | -3.4% | |
| EBITDA margin | 12.1%+10.4pp | 1.7% | |
| Net margin | 2.7%+7.5pp | -4.9% | |
| FCF margin | 35.8%+3.3pp | 32.6% |
Returns & financial health
FY2026 with 4-year trend
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Return on equity | 1.1% | -127.1% | |
| Return on invested capital | 1.4% | -9.2% | |
| Return on assets | 0.6% | -2.2% | |
| Debt / equity | 0.09x | 18.82x | |
| Net debt / EBITDA | -0.01x | 19.19x | |
| Current ratio | 0.87x | 0.77x |
Cash & equivalents
$2.51B
Total debt
$2.50B
Capital allocation
How PANW used its cash in FY2026
- Operating cash flow
- $4.55B
- Capital expenditure
- $440M
- Dividends paid
- $0.00
- Share repurchases
- $1.00B
- Stock-based compensation
- $1.77B
- Diluted shares
- 764.0M
- Share count change (4Y)
- +29.3%
Analyst estimates
Consensus for upcoming fiscal years
| Fiscal year | Revenue | Growth | EPS | Growth |
|---|---|---|---|---|
| FY2026 actual | $11.48B | $0.44 | ||
| FY2027E30 analysts | $14.17B | +23.4% | $4.18 | +851.0% |
| FY2028E17 analysts | $16.19B | +14.3% | $4.86 | +16.1% |
| FY2029E10 analysts | $18.39B | +13.6% | $5.63 | +15.9% |
About Palo Alto Networks, Inc.
Technology · Software - Infrastructure
Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls.
paloaltonetworks.com- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Nikesh Arora
- Employees
- 21,921
- Headquarters
- Santa Clara, CA, US
- IPO date
- 2012-07-20
Palo Alto Networks, Inc. (PANW) — frequently asked questions
Answered from the company's SEC filings
Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions.
Explore the full income statement, balance sheet and cash flow statement. Not investment advice.