Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.
It is a $343B technology company. Revenue grew 24.5% over the last year, it keeps 3¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 1115.8× earnings.
- Website
- paloaltonetworks.com
- Location
- Santa Clara, CA
- Employees
- 21 491
- Sector
- Technology
- Founded
- 2005
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Valuation, Profitability and Health lag behind.
Valuation5
- P/E vs own history92th pct · 0/25
- FCF yield1.2% · 5/25
- P/S29.8x · 0/25
- EV/EBITDA220.5x · 0/25
Growth50
- Revenue CAGR20.2% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth1173.8% · 25/25
Profitability21
- ROIC1.1% · 5/25
- ROE1.7% · 5/25
- Net margin2.7% · 6/25
- Operating margin6.0% · 5/25
Health31
- Altman Zn/a · 0/25
- Current ratio0.87 · 6/25
- Interest coverage-19.7x · 0/25
- Net cash / debtNet cash · 25/25
Quality72
- Piotroski F4/9 · 10/25
- Beneish M-7.65 · 25/25
- FCF conversion450% · 25/25
- Margin stabilityσ 8.7% · 12/25
Moat56
- ROIC >12% years3/7 yrs · 6/25
- Median gross margin72.1% · 25/25
- FCF-positive years11/11 yrs · 25/25
- Worst-year net marginworst -16.4% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialRevenue crossed $10B$11.5B for the year
- 2026MilestonePalo Alto Networks joined the Tel Aviv Stock Exchange (TASE) as a dual-listed company
- 2026ProductChina launched a security review into Palo Alto's products within the Chinese market
- FY2024FinancialBest year on record$2.58B net income
- FY2023FinancialTurned profitable$440M net income after a loss year
- FY2023FinancialBecame debt-freecash now exceeds total debt
- 2019ProductThe company announced the K2-Series, a 5G-ready next-generation firewall developed for service providers…
- FY2016FinancialRevenue already above $1B$1.38B in first reported year
- FY2016FinancialPositive free cash flow every year since11-year streak
- Jul 20, 2012IPOThe company debuted on the NYSE on July 20, 2012, raising $260 million with its initial public offering
- 2005FoundedPalo Alto Networks was founded in 2005 by Nir Zuk, a former engineer from Check Point and NetScreen Technologies
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (70.4%)
- Revenue growing 24.5% year over year
- Strong cash conversion — FCF is 35.8% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
- Thin interest coverage (-19.7×)
- Loss-making in 6 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+24.5% YoY
- Profitable — makes more than it spends$307M TTM
- Profit growing — earnings are higher than last year-14.5% YoY
- Generates cash — cash left after running and investing$4.11B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$343B market cap
- Not printing shares — share count not ballooning — you keep your slice-0.9% shares over ~5y
- Proven track record — years of profitability behind it4/11 profitable years
- Financially stable — balance sheet not near distresshealth score 6/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 1115.8
Peer comparisonPalo Alto Networks, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| PANW this company | $342.7B | 1115.8 | +24.5% | 2.7% | Strained |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: PANW vs NVDA · PANW vs AAPL · PANW vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/PANW
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Deeper analysis of PANW on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $419.00 · market cap $343B.