Palo Alto Networks Inc (PANW)
Palo Alto Networks, Inc. provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers Prisma Access, a secure access service edge solution; Strata Cloud Manager, a network security management solution; and Prisma AIRS to protect customers' entire AI ecosystem. It provides a comprehensive cloud native application protection platform; and Code to Cloud platform, as well as offers VM-Series and CN-Series virtual firewalls for inline network security on multi- and hybrid-cloud environments. It provides security operation solutions through the Cortex platform that includes Cortex XSIAM, an AI-driven security operations platform; Cortex XDR to prevent, detect, and respond to cybersecurity attacks; and Cortex XSOAR for security orchestration, automation, and response; and Cortex Xpanse for attack surface management, as well as offers threat intelligence and advisory services under the Unit 42 name. It provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline; and threat intelligence, data loss prevention, services to resolve network disruptions, and sensitive data protection. It offers professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. It sells its products and services through its channel partners, as well as directly to enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.
- Symbol
- PANW
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Software - Infrastructure
- Market cap
- $323.31B
- 52 week range
- 139.57 - 404.69
Valuation
- Share price
- $396.25 (close of 2026-10-01)
- P/E (TTM)
- 967.56x
- Price to book
- 11.76x
- Price to free cash flow
- 78.61x
- Enterprise value
- $322.74B
- Book value per share
- $33.73
Price performance
| Period | Change |
|---|---|
| 1 day | -0.27% |
| 5 days | +1.62% |
| 1 month | +9.43% |
| 3 months | +12.56% |
| 6 months | +146.62% |
| Year to date | +115.12% |
| 1 year | +91.61% |
| 3 years | +238.04% |
| 5 years | +388.72% |
| 10 years | +1391.90% |
| All time | +4377.40% |
Members of Congress who disclosed PANW trades
Marjorie Taylor Greene · Gilbert Ray Cisneros · Josh Gottheimer · Lisa McClain · Jared Moskowitz · Jefferson Shreve · Jonathan Jackson · Dan Newhouse · Val Hoyle · Alan Armstrong · James Comer · John Hickenlooper
Super investors holding PANW
Mairs & Power (Mairs & Power Inc) · Stanley Druckenmiller (Duquesne Family Office)
Profitability and growth
- Return on equity
- 1.12%
- Return on invested capital
- 1.73%
- Return on assets
- 0.63%
- Return on capital employed
- 1.80%
- Gross margin
- 70.36%
- Net margin
- 2.67%
- EBITDA margin
- 13.50%
- Revenue growth
- 24.50%
- Net income growth
- -72.93%
- Free cash flow growth
- 18.56%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 1.27%
- Current ratio
- 0.87x
- Net debt to EBITDA
- -0.41x
Latest reported year
- Period end
- 2026-07-31
- Fiscal year
- 2026
- Revenue
- $11.48B
- Cost of revenue
- $3.40B
- Gross profit
- $8.08B
- EBITDA
- $1.55B
- Net income
- $307.00M
- Earnings per share
- $0.41
- Research and development
- $2.55B
- Shares outstanding
- 749.00M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2026-07-31 | $11.48B | $8.08B | $307.00M | $0.41 |
| 2025-07-31 | $9.22B | $6.77B | $1.13B | $1.71 |
| 2024-07-31 | $8.03B | $5.97B | $2.58B | $4.04 |
| 2023-07-31 | $6.89B | $4.98B | $439.70M | $0.73 |
| 2022-07-31 | $5.50B | $3.78B | -$267.00M | $-0.45 |
| 2021-07-31 | $4.26B | $2.98B | -$498.90M | $-0.86 |
| 2020-07-31 | $3.41B | $2.41B | -$267.00M | $-0.46 |
| 2019-07-31 | $2.90B | $2.09B | -$81.90M | $-0.14 |
| 2018-07-31 | $2.27B | $1.63B | -$122.20M | $-0.22 |
| 2017-07-31 | $1.76B | $1.28B | -$203.00M | $-0.37 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2026-07-31 | 70.36% | 2.67% | 1.12% | 1.73% |
| 2025-07-31 | 73.42% | 12.30% | 14.49% | 14.85% |
| 2024-07-31 | 74.35% | 32.12% | 49.87% | 17.38% |
| 2023-07-31 | 72.29% | 6.38% | 25.15% | 16.00% |
| 2022-07-31 | 68.76% | -4.85% | -127.14% | -31.96% |
| 2021-07-31 | 70.05% | -11.72% | -78.63% | -22.72% |
| 2020-07-31 | 70.68% | -7.83% | -24.23% | -21.50% |
| 2019-07-31 | 72.12% | -2.82% | -5.16% | -25.38% |
| 2018-07-31 | 71.63% | -5.37% | -10.53% | - |
| 2017-07-31 | 72.86% | -11.57% | -21.88% | -213.94% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2026-07-31 | $3.07B | - |
| 2025-07-31 | $2.90B | - |
| 2024-07-31 | $2.58B | - |
| 2023-07-31 | $2.39B | $1.99B |
| 2022-07-31 | $3.63B | $3.68B |
| 2021-07-31 | $2.90B | $3.23B |
| 2020-07-31 | $3.75B | $3.08B |
| 2019-07-31 | $2.80B | $1.43B |
| 2018-07-31 | $3.40B | $1.92B |
| 2017-07-31 | $1.38B | $524.70M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2026-07-31 | $4.11B | $1.77B |
| 2025-07-31 | $3.47B | $1.29B |
| 2024-07-31 | $3.10B | $1.08B |
| 2023-07-31 | $2.63B | $1.07B |
| 2022-07-31 | $1.79B | $1.01B |
| 2021-07-31 | $1.39B | $894.50M |
| 2020-07-31 | $821.30M | $658.40M |
| 2019-07-31 | $924.40M | $567.70M |
| 2018-07-31 | $926.10M | $496.70M |
| 2017-07-31 | $705.40M | $474.50M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-18
- Consensus EPS estimate
- $0.52
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-09-01 | Jul/2026 | $0.51 |
| 2026-06-02 | - | - |
| 2026-02-17 | - | - |
| 2026-02-12 | - | - |
| 2025-11-19 | - | - |
| 2025-08-18 | - | - |
| 2025-05-20 | - | - |
| 2025-05-19 | - | - |
Filings and sources
- Company website
- paloaltonetworks.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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