Palo Alto Networks, Inc.: stock overview

PANWNASDAQTechnology · Computer Peripheral Equipment, NEC

Price

$322.24

November 13, 2026Market cap $264B

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  • The full history: 16 fiscal years, from FY2011
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In short

Palo Alto Networks had revenue of $11.5B in the fiscal year to July 31, 2026 and net income of $307M, a net margin of 2.7%. Revenue grew by 22.0% a year on average over the last 5 years. At $322.24 the shares trade at a P/E of 858.6. It holds more cash than debt, by $1.3B. It pays no dividend.

From its SEC filings (latest fiscal year to July 31, 2026) and the price of November 13, 2026.

Its SEC filings
Market cap
$264B
818M shares
P/E
858.6
Revenue, fiscal year
$11.5B
+22.0% a year over 5 years
Net margin
2.7%
FY2025: 12.3%, above 74% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2024–FY2026 fiscal years

+19.6% a year over 2 years

  • FY2026Jul 31, 202610-K
    Revenue$11.5B
  • FY2025Jul 31, 202510-K
    Revenue$9.2B
  • FY2024Jul 31, 202410-K
    Revenue$8.0B

Fiscal years in figures

PANW's revenue, profit, cash flow and dividend with each year-end price, from FY2011 to FY2023, 13 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $116B
$264B
Enterprise value 
$262B
P/E 
858.6
EV / EBIT 
377.4
EV / Revenue 
22.9
P/B 3-year median: 14.8
9.6
FCF yield 3-year median: 2.9%
1.6%
Earnings yield 3-year median: 0.9%
0.1%

Profitability

Gross margin 
70.4%
Operating margin 
6.1%
Net margin 3-year median: 12.3%
2.7%
ROIC 
3.0%
ROIC, 5-year average 
5.3%
ROE 
1.9%

Growth

Revenue, yearly change 
+24.5%
EPS, yearly change 
-75.0%
FCF, yearly change 
+18.6%
Revenue, average a year 
+22.0%

The yearly change compares FY2026 with FY2025.

Balance sheet

Cash 
$3.1B
Total debt 
$2.6B
Of which operating leases 
$793M
Net cash 
$1.3B
Net debt / EBITDA 
-0.8x
Interest cover 
–
Current ratio 
–

Balance sheet of July 31, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
0.38%
Total returned 
0.38%
Shares, yearly change 
+22.5%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 35).

Gross margin

73.4%

Above 96% of the 115 companies in its industry, and 89% of all.

Operating margin

13.5%

Above 65% of the 138 companies in its industry, and 72% of all.

Net margin

12.3%

Above 74% of the 147 companies in its industry, and 70% of all.

ROE

12.1%

Above 62% of the 136 companies in its industry, and 68% of all.

ROA

4.5%

Above 53% of the 146 companies in its industry, and 70% of all.

Revenue growth

14.9%

Above 77% of the 144 companies in its industry, and 73% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Palo Alto Networks Inc
CIK
1327567
Exchange
NASDAQ
Industry (SIC)
3577 · Computer Peripheral Equipment, NEC
Fiscal year ends
July 31
Latest annual report
July 31, 2026
Reporting currency
USD
Shares
818M

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The full analysis

What do Palo Alto Networks's filings show?

These are Palo Alto Networks's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

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  • Earnings quality, debt and red flags
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  • The case for and the case against

Questions about PANW

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What is PANW's market cap?

Palo Alto Networks, Inc.'s market cap is $264B, at a price of $322.24 on November 13, 2026 and 818M shares.

What is PANW's P/E?

PANW's P/E is 858.6, on earnings per share of $0.40 in the fiscal year to July 31, 2026.

How much revenue does PANW have?

Palo Alto Networks had revenue of $11.5B in the fiscal year to July 31, 2026. Over the last 5 years it changed by +22.0% a year on average.

Does PANW pay a dividend?

No. Palo Alto Networks paid no regular dividend over the last 12 months.

Where do the figures come from?

From Palo Alto Networks, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.