Companies / Information Technology
PANW
Palo Alto Networks
Systems Software
Systems SoftwareAnalysis in progress
In progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health59
Growth97
Profitability41
Cash generation100
Balance sheet57
Dilution control0
Key ratios and five-year financials
Latest quarter revenue YoY (2026-04-30)31.1%Revenue growth (FY)24.5%Revenue CAGR (3y)18.5%Gross margin70.4%Operating margin6.1%Net margin2.7%Free cash flow margin35.8%R&D / revenue22.2%Stock comp / revenue15.5%Net debt / operating cash flow—Current ratio0.87Diluted share count change7.8%
| Fiscal year ending | FY 2022-07 | FY 2023-07 | FY 2024-07 | FY 2025-07 | FY 2026-07 |
|---|---|---|---|---|---|
| Revenue | $5.5B | $6.9B | $8.0B | $9.2B | $11.5B |
| Gross profit | $3.8B | $5.0B | $6.0B | $6.8B | $8.1B |
| Operating income | -$189M | $387M | $684M | $1.2B | $695M |
| Net income | -$267M | $440M | $2.6B | $1.1B | $307M |
| Operating cash flow | $2.0B | $2.8B | $3.3B | $3.7B | $4.6B |
| Capital expenditure | $193M | $146M | $157M | $247M | $440M |
| Free cash flow | $1.8B | $2.6B | $3.1B | $3.5B | $4.1B |
| R&D | $1.4B | $1.6B | $1.8B | $2.0B | $2.6B |
| Stock-based comp | $1.0B | $1.1B | $1.1B | $1.3B | $1.8B |
| Buybacks | $892M | $273M | $567M | $0 | $1.0B |
| Cash | $2.1B | $1.1B | $1.5B | $2.3B | $2.5B |
| Total debt | $3.7B | $2.0B | — | — | — |
| Equity | $210M | $1.7B | $5.2B | $7.8B | $27.5B |
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