Palo Alto Networks
PANW
341.91
-5.04
-1.45%
Palo Alto Networks
US · PANW
#62 by market cap
Listed 1970
341.91
-5.04
-1.45%
Live - 5344 symbols - heartbeat 37s ago
· 2026-10-20 11:00
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 8.34, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +24.50% YoY
Margins
- Gross margin
- 70.36%
- Operating margin
- 6.05%
- Net margin
- 2.67%
Key ratios & quality
- Altman Z-Scorei
- 8.34
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.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.90B | 3.41B | 4.26B | 5.50B | 6.89B | 8.03B | 9.22B | 11.48B |
| Gross profit | 2.09B | 2.41B | 2.98B | 3.78B | 4.98B | 5.97B | 6.77B | 8.08B |
| Selling & admin expenses | 1.61B | 1.82B | 2.14B | 2.55B | 2.99B | 3.47B | 3.54B | 4.83B |
| Research & development | 539.50M | 768.10M | 1.14B | 1.42B | 1.60B | 1.81B | 1.98B | 2.55B |
| Operating profit | -54.10M | -179.00M | -304.10M | -188.80M | 387.30M | 684.00M | 1.24B | 695.00M |
| Pretax profit | -74.60M | -231.80M | -465.00M | -207.20M | 566.30M | 988.00M | 1.60B | 536.00M |
| Tax | 7.30M | 35.20M | 33.90M | 59.80M | 126.60M | -1.59B | 462.00M | 229.00M |
| Net profit | -81.90M | -267.00M | -498.90M | -267.00M | 439.70M | 2.58B | 1.13B | 307.00M |
| Basic EPS | 0 | 0 | -1 | 0 | 1 | 4 | 2 | 0 |
| Diluted EPS | -0.15 | -0.46 | -0.87 | -0.45 | 0.64 | 3.64 | 1.60 | 0.40 |
| Line item | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 | 2026-07 |
|---|---|---|---|---|---|---|
| Revenue | 2.29B | 2.54B | 2.47B | 2.59B | 3.00B | 3.41B |
| Gross profit | 1.67B | 1.86B | 1.84B | 1.91B | 2.03B | 2.30B |
| Selling & admin expenses | 957.00M | 856.00M | 999.00M | 1.00B | 1.48B | 1.35B |
| Research & development | 494.00M | 504.00M | 528.00M | 511.00M | 734.00M | 779.00M |
| Operating profit | 219.00M | 497.00M | 309.00M | 397.00M | -183.00M | 172.00M |
| Pretax profit | 311.00M | 592.00M | 412.00M | 549.00M | -156.00M | -269.00M |
| Tax | 49.00M | 338.00M | 78.00M | 117.00M | 21.00M | 13.00M |
| Net profit | 262.00M | 254.00M | 334.00M | 432.00M | -177.00M | -282.00M |
| Basic EPS | 0 | 0 | 0 | 1 | 0 | 0 |
| Diluted EPS | 0.37 | 0.36 | 0.47 | 0.61 | -0.22 | -0.35 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 3.66B | 5.13B | 4.65B | 6.41B | 6.05B | 6.85B | 7.52B | 8.64B |
| Cash & ST investments | 2.80B | 3.75B | 2.90B | 3.63B | 2.39B | 2.58B | 2.90B | 3.07B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 6.59B | 9.07B | 10.24B | 12.25B | 14.50B | 19.99B | 23.58B | 48.46B |
| Total current liabilities | 2.05B | 2.69B | 5.12B | 8.31B | 7.74B | 7.68B | 7.99B | 9.92B |
| Short-term debt | -- | -- | 1.56B | 3.68B | 1.99B | 963.90M | -- | -- |
| Long-term debt | 1.43B | 3.08B | 1.67B | -- | -- | -- | -- | 1.77B |
| Total liabilities | 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 | 15,752,000,000.00 | 20,968,000,000.00 |
| Total equity | 1.59B | 1.10B | 763.60M | 210.00M | 1.75B | 5.17B | 7.82B | 27.49B |
| Retained earnings | -900.90M | -1.17B | -1.67B | -1.67B | -1.23B | 1.35B | 2.48B | 2.79B |
| Line item | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 | 2026-07 |
|---|---|---|---|---|---|---|
| Total current assets | 6.90B | 7.52B | 7.31B | 8.37B | 7.71B | 8.64B |
| Cash & ST investments | 3.30B | 2.90B | 4.21B | 4.54B | 3.11B | 3.07B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 22.00B | 23.58B | 23.54B | 24.98B | 46.27B | 48.46B |
| Total current liabilities | 7.71B | 7.99B | 7.42B | 8.01B | 9.01B | 9.92B |
| Short-term debt | 383.20M | -- | -- | -- | 160.00M | -- |
| Long-term debt | -- | -- | -- | -- | 1.19B | 1.77B |
| Total liabilities | 14,772,300,000.00 | 15,752,000,000.00 | 14,871,000,000.00 | 15,586,000,000.00 | 18,598,000,000.00 | 20,968,000,000.00 |
| Total equity | 7.23B | 7.82B | 8.67B | 9.39B | 27.67B | 27.49B |
| Retained earnings | 2.23B | 2.48B | 2.82B | 3.25B | 3.07B | 2.79B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.06B | 1.04B | 1.50B | 1.98B | 2.78B | 3.26B | 3.72B | 4.55B |
| Depreciation & amortization | 153.80M | 206.10M | 260.40M | 282.60M | 282.20M | 284.00M | 343.00M | 855.00M |
| Free cash flow | 924.40M | 821.30M | 1.39B | 1.79B | 2.63B | 3.10B | 3.47B | 4.11B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -330.00M | -1.20B | -1.18B | -892.30M | -272.70M | -567.00M | 0 | -1.00B |
| Ending cash balance | 965.00M | 2.96B | 1.88B | 2.12B | 1.14B | 1.55B | 2.28B | 2.52B |
| Line item | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 | 2026-07 |
|---|---|---|---|---|---|---|
| Operating cash flow | 628.00M | 1.02B | 1.77B | 554.00M | 871.00M | 1.36B |
| Depreciation & amortization | 88.00M | 84.00M | 89.00M | 91.00M | 334.00M | 341.00M |
| Free cash flow | 560.00M | 934.00M | 1.69B | 384.00M | 788.00M | 1.25B |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | -- | -- | -- | 0 |
| Ending cash balance | 2.40B | 2.28B | 3.08B | 4.17B | 2.37B | 2.52B |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -6.36 | -19.87 | -53.49 | -54.85 | 44.90 | 74.52 | 17.45 | 1.74 |
| ROA %i | -1.32 | -3.41 | -5.17 | -2.37 | 3.29 | 14.95 | 5.21 | 0.85 |
| ROIC %i | -2.66 | -6.17 | -7.43 | -6.24 | 6.88 | 44.52 | 12.79 | 0.43 |
| 5-year avg ROE %i | -18.88 | -17.82 | -23.28 | -29.34 | -17.84 | -1.75 | 5.71 | 16.76 |
| EBIT margin %i | 0.32 | -4.20 | -7.09 | -3.40 | 8.51 | 12.37 | 17.32 | 4.67 |
| FCF / sales %i | 31.88 | 24.10 | 32.59 | 32.57 | 38.17 | 38.63 | 37.63 | 35.83 |
| Current ratioi | 1.78 | 1.91 | 0.91 | 0.77 | 0.78 | 0.89 | 0.94 | 0.87 |
| Quick ratioi | 1.65 | 1.78 | 0.81 | 0.71 | 0.68 | 0.77 | 0.82 | 0.73 |
| Debt / assetsi | 21.69 | 37.73 | 34.56 | 32.26 | 15.66 | 6.73 | 1.43 | 5.16 |
| LT debt / equityi | 90.15 | 310.46 | 259.49 | 131.48 | 15.97 | 7.36 | 4.32 | 9.09 |
| Interest coveragei | 0.11 | -1.61 | -1.85 | -9.26 | 28.62 | 206.90 | 840.84 | -- |
| Revenue CAGR (3Y) %i | 28.13 | 24.76 | 23.24 | 23.80 | 26.46 | 23.55 | 18.79 | 18.54 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -11.29 |
| FCF CAGR (3Y) %i | 16.40 | 5.20 | 14.41 | 24.69 | 47.42 | 30.76 | 24.63 | 16.06 |
| Line item | 2025-04 | 2025-07 | 2025-10 | 2026-01 | 2026-04 | 2026-07 |
|---|---|---|---|---|---|---|
| ROE %i | 21.16 | 17.45 | 15.32 | 16.26 | 4.83 | 1.74 |
| ROA %i | 6.20 | 5.21 | 5.09 | 5.58 | 2.47 | 0.85 |
| ROIC %i | 13.08 | 12.79 | 11.20 | 12.16 | 3.24 | 0.43 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 14.92 | 17.32 | 17.17 | 18.84 | 13.16 | 4.67 |
| FCF / sales %i | 33.81 | 37.63 | 38.62 | 36.04 | 35.77 | 35.83 |
| Current ratioi | 0.90 | 0.94 | 0.99 | 1.04 | 0.86 | 0.87 |
| Quick ratioi | 0.78 | 0.82 | 0.85 | 0.91 | 0.73 | 0.73 |
| Debt / assetsi | 3.31 | 1.43 | 1.47 | 1.49 | 4.48 | 5.16 |
| LT debt / equityi | 4.78 | 4.32 | 3.99 | 3.96 | 6.91 | 9.09 |
| Interest coveragei | 882.93 | 840.84 | 1,822.89 | -18,636.00 | -1,268.73 | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Subscription is the largest reported line at 54.36% of revenue, across 3 reported segments.
- Support follows at 25.85%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Subscription54.36%
Support25.85%
Product19.79%
Quote time 2026-10-20 11:00:11 · For reference only, not investment advice and not tailored to your situation.
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