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Palo Alto Networks Inc PANW

Nasdaq · stock · Computer Peripheral Equipment, NEC · website · IPO 2012-07-20 · LEI

Palo Alto Networks Inc statistics & valuation

Market cap$247.9B
P / E218.6×
P / S26.9×
P / B31.7×
Net margin12.3%
Return on equity14.5%
Return on capital8%
Graham number -94.9%$19.93

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($19.93); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-14.00% -11.50% -5.40% -2.80% -7.80% -11.70% -4.90% 6.40% 32.10% 12.30% 2016201720182019202020212022202320242025
Gross margin (%)
73.20% 72.60% 71.60% 72.10% 70.70% 70.00% 68.80% 72.30% 74.30% 73.40% 2016201720182019202020212022202320242025
Operating margin (%)
-11.40% -9.40% -4.60% -1.90% -5.30% -7.10% -3.40% 5.60% 8.50% 13.50% 2016201720182019202020212022202320242025
Return on equity (%)
-18.40% -21.90% -10.50% -5.20% -24.20% -78.60% -127.10% 25.10% 49.90% 14.50% 2016201720182019202020212022202320242025
Shares outstanding
543.0M 549.0M 561.6M 580.8M 581.4M 578.2M 597.6M 684.5M 707.9M 709.3M 2016201720182019202020212022202320242025
Net debt ($)
-$234.2M -$219.6M -$586.8M $468.6M $126.1M $1.35B $1.56B $856.2M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-6.70% -5.90% -2.10% -1.20% -2.90% -4.90% -2.20% 3.00% 12.90% 4.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.48× 0.57× 1.65× 0.90× 2.80× 5.08× 17.51× 1.14× 2016201720182019202020212022202320242025
EPS ($)
-$0.14 -$0.46 -$0.86 -$0.45 $0.64 $3.64 $1.60 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin73.4%74.3%72.3%68.8%70.0%70.7%72.1%71.6%72.6%73.2%
Operating margin13.5%8.5%5.6%-3.4%-7.1%-5.3%-1.9%-4.6%-9.4%-11.4%
Net margin12.3%32.1%6.4%-4.9%-11.7%-7.8%-2.8%-5.4%-11.5%-14.0%
Return on assets4.8%12.9%3.0%-2.2%-4.9%-2.9%-1.2%-2.1%-5.9%-6.7%
Return on equity14.5%49.9%25.1%-127.1%-78.6%-24.2%-5.2%-10.5%-21.9%-18.4%
Debt / equity——1.14×17.51×5.08×2.80×0.90×1.65×0.57×0.48×
Current ratio0.940.890.780.770.911.911.781.971.652.09

Computed from company filings · US · as of 2025-07-31. Facts plus Stocktoria's own computed scores — not investment advice.