Palo Alto Networks Financial Ratios
NASDAQ: PANWTechnologyComputer peripheral equipmentUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Palo Alto Networks ratio analysis
Palo Alto Networks earned a net margin of 2.7% in FY 2026, down from 12.3% a year earlier. Gross margin was 70.4% compared with a median of 72.1% over the prior 9 years. Return on equity reached 1.1%, meaning Palo Alto Networks generated 0.01 dollars of profit for every dollar of shareholders' equity.
At the end of FY 2026, PANW traded at 829.6 times earnings; across the 4 fiscal years shown, its year-end P/E ranged from 42.0 to 829.6, with a median of 139.3. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Palo Alto Networks financial ratios (annual)
| Ratio | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 829.57 | 108.05 | 41.98 | 170.56 | — | — | — | — | — | — |
| Price / sales | 21.65 | 12.43 | 12.14 | 9.60 | 4.47 | 4.52 | 1.21 | 1.20 | 1.39 | 1.12 |
| Price / book | 9.04 | 14.65 | 18.86 | 37.87 | 117.09 | 30.30 | 3.75 | 2.20 | 2.73 | 2.59 |
| Gross margin | 70.4% | 73.4% | 74.3% | 72.3% | 68.8% | 70.0% | 70.7% | 72.1% | 71.6% | 72.6% |
| Operating margin | 6.1% | 13.5% | 8.5% | 5.6% | -3.4% | -7.1% | -5.3% | -1.9% | -4.6% | -9.4% |
| Net margin | 2.7% | 12.3% | 32.1% | 6.4% | -4.9% | -11.7% | -7.8% | -2.8% | -5.4% | -11.5% |
| Free cash flow margin | 35.8% | 37.6% | 38.6% | 38.2% | 32.6% | 32.6% | 24.1% | 31.9% | 40.7% | 40.0% |
| Return on equity (ROE) | 1.1% | 14.5% | 49.9% | 25.2% | -127.1% | -78.6% | -24.2% | -5.2% | -10.5% | -26.7% |
| Return on assets (ROA) | 0.6% | 4.8% | 12.9% | 3.0% | -2.2% | -4.9% | -2.9% | -1.2% | -2.1% | -5.9% |
| Debt / equity | — | — | — | 1.14 | 17.51 | 5.08 | 2.80 | 0.90 | 1.65 | 0.69 |
| Current ratio | 0.87 | 0.94 | 0.89 | 0.78 | 0.77 | 0.91 | 1.91 | 1.78 | 1.97 | 1.65 |
| Revenue growth | 24.5% | 14.9% | 16.5% | 25.3% | 29.3% | 24.9% | 17.5% | 27.6% | 29.0% | 27.8% |
| EPS growth | -75.0% | -56.0% | 468.8% | — | — | — | — | — | — | — |