SuperworthPalo Alto Networks PANW
- Market cap
- $311.3B
- PE
- n/m
- a sliver of earnings
- Forward PE
- 90.9×
- 10y median 49.5×
- Price to sales
- 27.1×
- EV/EBIT
- 447×
- Revenue, 12 months
- $11.5B
- +24% on a year ago
- Net margin
- 2.7%
- Free cash flow yield
- 1.3%
Palo Alto Networks trades at 27.1× sales. Palo Alto Networks' PE is not meaningful: its earnings over the last year are a sliver against its price. Revenue was $11.5B over the last twelve months, up 24% on a year earlier with a 3% net margin.
Charts
Financials
| Income statement | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.9B+20% | $2B+19% | $2B+15% | $2.2B+12% | $2.1B+14% | $2.3B+14% | $2.3B+15% | $2.5B+16% | $2.5B+16% | $2.6B+15% | $3B+31% | $3.4B+34% | |
| Cost of revenue | $472.8M+2% | $499.1M+7% | $513.6M+8% | $573.7M+13% | $554M+17% | $599M+20% | $619.3M+21% | $679M+18% | $638M+15% | $685M+14% | $974M+57% | $1.1B+63% |
| Gross profit | $1.4B+28% | $1.5B+24% | $1.5B+18% | $1.6B+12% | $1.6B+13% | $1.7B+12% | $1.7B+14% | $1.9B+15% | $1.8B+16% | $1.9B+15% | $2B+22% | $2.3B+24% |
| R&D | $409.5M+10% | $447.9M+11% | $457.2M+11% | $494.8M+19% | $481M+18% | $505M+13% | $494.5M+8% | $504.1M+2% | $528M+10% | $511M+1% | $734M+48% | $779M+55% |
| SG&A | $780.6M+9% | $974.5M+31% | $837.3M+11% | $882.6M+13% | $818M+5% | $912M−6% | $956.4M+14% | $856.6M−3% | $999M+22% | $1B+10% | $1.5B+54% | $1.4B+58% |
| $215.2M+1316% | $53.6M+34% | $176.7M+125% | $238.4M−6% | $286M+33% | $241M+350% | $218.8M+24% | $497.2M+109% | $309M+8% | $397M+65% | −$183M | $172M−65% | |
| Interest expense | $2.9M−57% | $2.8M−59% | $2.3M−71% | $300K−95% | $1M−66% | $1M−64% | $700K−70% | $200K−33% | $0 | $0 | $0 | $0 |
| Pre-tax income | $282.6M+722% | $135.5M+61% | $251.2M+92% | $319M+1% | $368M+30% | $325M+140% | $310.5M+24% | $591.8M+86% | $412M+12% | $549M+69% | −$156M | −$269M |
| $88.4M+514% | −$1.6B | −$27.6M | −$38.7M | $17M−81% | $58M | $49M | $338M | $78M+359% | $117M+102% | $21M−57% | $13M−96% | |
| Net income | $194.2M+871% | $1.7B+1975% | $278.8M+159% | $357.7M+57% | $351M+81% | $267M−85% | $262.1M−6% | $253.8M−29% | $334M−5% | $432M+62% | −$177M | −$282M |
| $0.28+833% | $2.44+1852% | $0.39+152% | $0.51+58% | $0.49+75% | $0.38−84% | $0.37−5% | $0.36−29% | $0.47−4% | $0.61+61% | −$0.22 | −$0.35 | |
| 699.6M+3% | 715M+8% | 709.3M+3% | 707.8M−0% | 709M+1% | 709M−1% | 707.4M−0% | 709M+0% | 709M+0% | 711M+0% | 801M+13% | 817M+15% |
Net income: 6 periods, Q4 FY21 to Q4 FY26: printed in the fourth-quarter results release.
EPS, diluted: 3 periods, Q4 FY12 to Q4 FY18: quarter's net income to common over its shares, to the cent. 6 periods, Q4 FY21 to Q4 FY26: printed in the fourth-quarter results release.
Diluted shares: 9 periods, Q4 FY12 to Q4 FY20: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 6 periods, Q4 FY21 to Q4 FY26: printed in the fourth-quarter results release.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q1 FY27 | $3.3B | $3.3B to $3.4B | $0.97 | $0.96 to $0.99 | 30 |
| Q2 FY27 | $3.4B | $3.3B to $3.5B | $1.01 | $0.96 to $1.06 | 14 |
| Q3 FY27 | $3.5B | $3.5B to $3.6B | $1.02 | $0.99 to $1.06 | 10 |
| Q4 FY27 | $3.9B | $3.8B to $4B | $1.18 | $1.14 to $1.22 | 6 |
| Q1 FY28 | $3.8B | $3.7B to $3.9B | $1.13 | $1.09 to $1.17 | 9 |
| Q2 FY28 | $3.9B | $3.8B to $4B | $1.17 | $1.13 to $1.21 | 10 |
| Q3 FY28 | $4B | $3.9B to $4.1B | $1.19 | $1.15 to $1.23 | 7 |
| Q4 FY28 | $4.4B | $4.3B to $4.5B | $1.37 | $1.32 to $1.42 | 8 |
Peers
Companies in Software - Infrastructure nearest Palo Alto Networks' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| PANWPalo Alto Networks | $311.3B | n/m | 111× | 90.9× | 27.1× | +24% | 2.7% |
| CRWDCrowdStrike | $263.7B | n/m | 438× | 182× | 48.9× | +24% | 0.8% |
| ORCLOracle | $381.5B | 19.8× | 27.3× | 14.8× | 5.3× | +22% | 26.4% |
| PLTRPalantir Technologies | $472.8B | 168× | 252× | 104× | 76.8× | +79% | 49.0% |
| FTNTFortinet | $132.1B | 63.4× | 56.4× | 51.1× | 17.5× | +19% | 28.2% |
| NETCloudflare | $116B | n/m | n/a | 220× | 46.2× | +34% | −8.2% |
| SNPSSynopsys | $82.4B | 76.0× | 54.3× | 24.5× | 8.8× | +46% | 11.4% |
| XYZBlock | $45.9B | 137× | 82.4× | 16.7× | 1.8× | +5% | 1.4% |
| ZSZscaler | $41.6B | n/m | n/a | 52.3× | 12.4× | +25% | −1.9% |
| TWLOTwilio | $40.2B | 36.5× | 299× | 42.3× | 7.2× | +18% | 20.6% |
| OKTAOkta | $37.2B | 128× | 100× | 52.2× | 12.1× | +11% | 9.6% |
| Peer median | $99.2B | 76.0× | 91.4× | 51.6× | 12.3× | +23% | 10.5% |
Investors who own it
Investors we follow who held Palo Alto Networks at the end of Jun 30, 2026, from their 13F filings.
- Gavin BakerAtreides Management2.7% of portfolioadded
- Stanley DruckenmillerDuquesne Family Office0.9% of portfolionew
- Lee AinslieMaverick Capital0.0% of portfolionew
- Ron BaronBaron Capital0.0% of portfoliotrimmed
More on Palo Alto Networks
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
Its groups
About
- Chief executive
- Nikesh Arora, since 2018Came from Google and SoftBank, CEO since 2018. Founder Nir Zuk retired as CTO in 2025. Source
- Industry
- Software - Infrastructure
- Sector
- Technology
Valuation data, not investment advice. Prices as of .