Palo Alto Networks
US.PANW
333.26
+1.32
+0.40%
Palo Alto Networks
333.26
+1.32
+0.40%
Collector offline (last heartbeat: 19161s ago)
· 2026-09-04 20:02
Pre-market
329.64
-0.69%
After-hours
333.35
+0.03%
Overnight
332.34
+0.12%
Revenue annual, last 8 years
Latest year +14.87% YoY
Margins
- Gross margin
- 73.41%
- Operating margin
- 13.48%
- Net margin
- 12.30%
Key ratios & quality
- Altman Z-Score
- 11.03
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 11.03, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.27B | 2.90B | 3.41B | 4.26B | 5.50B | 6.89B | 8.03B | 9.22B |
| Gross profit | 1.63B | 2.09B | 2.41B | 2.98B | 3.78B | 4.98B | 5.97B | 6.77B |
| Selling & admin expenses | 1.33B | 1.61B | 1.82B | 2.14B | 2.55B | 2.99B | 3.48B | 3.54B |
| Research & development | 400.70M | 539.50M | 768.10M | 1.14B | 1.42B | 1.60B | 1.81B | 1.98B |
| Operating profit | -104.20M | -54.10M | -179.00M | -304.10M | -188.80M | 387.30M | 683.90M | 1.24B |
| Pretax profit | -105.30M | -74.60M | -231.80M | -465.00M | -207.20M | 566.30M | 988.30M | 1.60B |
| Tax | 16.90M | 7.30M | 35.20M | 33.90M | 59.80M | 126.60M | -1.59B | 461.80M |
| Net profit | -122.20M | -81.90M | -267.00M | -498.90M | -267.00M | 439.70M | 2.58B | 1.13B |
| Basic EPS | 0 | 0 | 0 | -1 | 0 | 1 | 4 | 2 |
| Diluted EPS | -0.22 | -0.15 | -0.46 | -0.87 | -0.45 | 0.64 | 3.64 | 1.60 |
| Line item | 2025-01 | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 |
|---|---|---|---|---|---|---|
| Revenue | 2.26B | 2.29B | 2.54B | 2.47B | 2.59B | 3.00B |
| Gross profit | 1.66B | 1.67B | 1.86B | 1.84B | 1.91B | 2.03B |
| Selling & admin expenses | 912.00M | 957.00M | 855.90M | 999.00M | 1.00B | 1.48B |
| Research & development | 505.00M | 494.00M | 504.10M | 528.00M | 511.00M | 734.00M |
| Operating profit | 241.00M | 219.00M | 496.90M | 309.00M | 397.00M | -183.00M |
| Pretax profit | 325.00M | 311.00M | 591.70M | 412.00M | 549.00M | -156.00M |
| Tax | 58.00M | 49.00M | 337.80M | 78.00M | 117.00M | 21.00M |
| Net profit | 267.00M | 262.00M | 253.90M | 334.00M | 432.00M | -177.00M |
| Basic EPS | 0 | 0 | 0 | 0 | 1 | 0 |
| Diluted EPS | 0.38 | 0.37 | 0.36 | 0.47 | 0.61 | -0.22 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 4.14B | 3.66B | 5.13B | 4.65B | 6.41B | 6.05B | 6.85B | 7.52B |
| Cash & ST investments | 3.40B | 2.80B | 3.75B | 2.90B | 3.63B | 2.39B | 2.58B | 2.90B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 5.95B | 6.59B | 9.07B | 10.24B | 12.25B | 14.50B | 19.99B | 23.58B |
| Total current liabilities | 2.10B | 2.05B | 2.69B | 5.12B | 8.31B | 7.74B | 7.68B | 7.99B |
| Short-term debt | 550.40M | -- | -- | 1.56B | 3.68B | 1.99B | 963.90M | -- |
| Long-term debt | 1.37B | 1.43B | 3.08B | 1.67B | -- | -- | -- | -- |
| Total liabilities | 4,766,700,000.00 | 5,005,900,000.00 | 7,963,600,000.00 | 9,478,000,000.00 | 12,043,600,000.00 | 12,752,700,000.00 | 14,821,200,000.00 | 15,751,800,000.00 |
| Total equity | 1.18B | 1.59B | 1.10B | 763.60M | 210.00M | 1.75B | 5.17B | 7.82B |
| Retained earnings | -790.70M | -900.90M | -1.17B | -1.67B | -1.67B | -1.23B | 1.35B | 2.48B |
| Line item | 2025-01 | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 |
|---|---|---|---|---|---|---|
| Total current assets | 6.34B | 6.90B | 7.52B | 7.31B | 8.37B | 7.71B |
| Cash & ST investments | 3.23B | 3.30B | 2.90B | 4.21B | 4.54B | 3.11B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 20.95B | 22.00B | 23.58B | 23.54B | 24.98B | 46.27B |
| Total current liabilities | 7.55B | 7.71B | 7.99B | 7.42B | 8.01B | 9.01B |
| Short-term debt | 533.80M | 383.20M | -- | -- | -- | 160.00M |
| Long-term debt | -- | -- | -- | -- | -- | 1.19B |
| Total liabilities | 14,576,400,000.00 | 14,772,300,000.00 | 15,751,800,000.00 | 14,871,000,000.00 | 15,586,000,000.00 | 18,598,000,000.00 |
| Total equity | 6.38B | 7.23B | 7.82B | 8.67B | 9.39B | 27.67B |
| Retained earnings | 1.97B | 2.23B | 2.48B | 2.82B | 3.25B | 3.07B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.04B | 1.06B | 1.04B | 1.50B | 1.98B | 2.78B | 3.26B | 3.72B |
| Depreciation & amortization | 96.40M | 153.80M | 206.10M | 260.40M | 282.60M | 282.20M | 283.30M | 343.40M |
| Free cash flow | 926.10M | 924.40M | 821.30M | 1.39B | 1.79B | 2.63B | 3.10B | 3.47B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -259.10M | -330.00M | -1.20B | -1.18B | -892.30M | -272.70M | -566.70M | 0 |
| Ending cash balance | 2.51B | 965.00M | 2.96B | 1.88B | 2.12B | 1.14B | 1.55B | 2.28B |
| Line item | 2025-01 | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 |
|---|---|---|---|---|---|---|
| Operating cash flow | 557.00M | 628.00M | 1.02B | 1.77B | 554.00M | 871.00M |
| Depreciation & amortization | 87.00M | 88.00M | 84.40M | 89.00M | 91.00M | 334.00M |
| Free cash flow | 509.00M | 560.00M | 934.80M | 1.69B | 384.00M | 788.00M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | 0 | -- | -- | -- |
| Ending cash balance | 2.24B | 2.40B | 2.28B | 3.08B | 4.17B | 2.37B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE % | -16.92 | -6.36 | -19.87 | -53.49 | -54.85 | 44.90 | 74.52 | 17.45 |
| ROA % | -3.19 | -1.32 | -3.41 | -5.17 | -2.37 | 3.29 | 14.95 | 5.21 |
| ROIC % | -6.16 | -2.66 | -6.17 | -7.43 | -6.24 | 6.88 | 44.25 | 12.79 |
| 5-year avg ROE % | -29.92 | -18.88 | -17.82 | -23.28 | -29.34 | -17.84 | -1.76 | 5.71 |
| EBIT margin % | -4.43 | 0.32 | -4.20 | -7.09 | -3.40 | 8.51 | 12.37 | 17.32 |
| FCF / sales % | 40.69 | 31.88 | 24.10 | 32.59 | 32.57 | 38.17 | 38.63 | 37.63 |
| Current ratio | 1.97 | 1.78 | 1.91 | 0.91 | 0.77 | 0.78 | 0.89 | 0.94 |
| Quick ratio | 1.84 | 1.65 | 1.78 | 0.81 | 0.70 | 0.68 | 0.77 | 0.82 |
| Debt / assets | 162.42 | 90.15 | 310.46 | 463.51 | 1,882.33 | 129.87 | 26.01 | 4.32 |
| LT debt / equity | 115.86 | 90.15 | 310.46 | 259.49 | 131.48 | 15.97 | 7.36 | 4.32 |
| Interest coverage | -3.40 | 0.11 | -1.61 | -1.85 | -9.26 | 28.62 | 206.90 | 840.84 |
| Revenue CAGR (3Y) % | 34.81 | 28.13 | 24.76 | 23.24 | 23.80 | 26.46 | 23.55 | 18.79 |
| Net income CAGR (3Y) % | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) % | 42.66 | 16.40 | 5.20 | 14.41 | 24.69 | 47.42 | 30.76 | 24.64 |
| Line item | 2025-01 | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 |
|---|---|---|---|---|---|---|
| ROE % | 23.38 | 21.16 | 17.45 | 15.32 | 16.26 | 4.83 |
| ROA % | 6.39 | 6.20 | 5.21 | 5.09 | 5.58 | 2.47 |
| ROIC % | 13.40 | 13.08 | 12.79 | 11.20 | 12.16 | 3.24 |
| 5-year avg ROE % | -- | -- | -- | -- | -- | -- |
| EBIT margin % | 14.77 | 14.92 | 17.32 | 17.17 | 18.84 | 13.16 |
| FCF / sales % | 34.21 | 33.81 | 37.63 | 38.62 | 36.04 | 35.77 |
| Current ratio | 0.84 | 0.90 | 0.94 | 0.99 | 1.04 | 0.86 |
| Quick ratio | 0.73 | 0.78 | 0.82 | 0.85 | 0.91 | 0.73 |
| Debt / assets | 14.07 | 10.08 | 4.32 | 3.99 | 3.96 | 7.49 |
| LT debt / equity | 5.69 | 4.78 | 4.32 | 3.99 | 3.96 | 6.91 |
| Interest coverage | 506.44 | 882.93 | 840.84 | 1,822.89 | -18,636.00 | -1,268.73 |
| Revenue CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Subscription54.36%
Support25.85%
Product19.79%
Quote time 2026-09-04 20:02:39
For reference only, not investment advice.