Palo Alto Networks Inc financials

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PANW CIK 0001327567

Source: EDGAR filings · Built 2026-06-03T02:28:29Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 3.47B 3.10B 2.63B 1.79B 1.39B 821.30M
EBITDA 1.59B 967.20M 669.50M 93.80M -43.70M 27.10M
Working Capital -465.00M -833.00M -1.69B -1.89B -469.40M 2.44B
Net Debt -1.85B -124.90M 1.20B 1.90B 1.73B 520.60M
Gross Margin 73.41% 74.35% 72.29% 68.76% 70.05% 70.68%
Operating Margin 13.48% 8.52% 5.62% -3.43% -7.14% -5.25%
Net Margin 12.30% 32.11% 6.38% -4.85% -11.72% -7.83%
Return on Equity (ROE) 14.49% 49.87% 25.15% -127.14% -78.63% -24.23%
Return on Assets (ROA) 4.81% 12.89% 3.03% -2.18% -4.87% -2.95%
Current Ratio 0.94× 0.89× 0.78× 0.77× 0.91× 1.91×
Debt-to-Equity 0.05× 0.27× 1.33× 19.12× 5.68× 3.16×
Effective Tax Rate 28.94% -160.81% 22.36% -28.86% -7.29% -15.19%
Cash Conversion Ratio 3.28× 1.26× 6.32× -7.43× -3.01× -3.88×
Accruals Ratio -0.11× -0.03× -0.16× -0.18× -0.20× -0.14×
SBC % of Revenue 14.04% 13.40% 15.59% 18.38% 21.02% 19.32%
CapEx Coverage 15.09× 20.78× 18.98× 10.29× 12.96× 4.83×
Free Cash Flow Per Share $4.89 $4.38 $3.84 $6.06 $4.80 $8.48

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 108.50× 44.61× 195.28× — — —
P/FCF 35.49× 37.07× 32.51× 27.44× 27.73× 30.19×
FCF Yield 2.82% 2.70% 3.08% 3.64% 3.61% 3.31%
EV / EBITDA 71.94× 218.17× 116.89× 1610.10× — 928.62×
P/S 12.58× 26.30× 11.18× 27.11× 9.12× 7.23×
P/B 14.82× 40.85× 44.08× 710.15× 61.19× 22.37×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 9.22B 8.03B 6.89B 5.50B 4.26B 3.41B
Cost of Goods and Services Sold 2.45B 2.06B 1.91B 1.72B 1.27B 999.50M
Gross Profit 6.77B 5.97B 4.98B 3.78B 2.98B 2.41B
Research and Development Expense 1.98B 1.81B 1.60B 1.42B 1.14B 768.10M
Operating Expenses 5.53B 5.28B 4.60B 3.97B 3.29B 2.59B
Operating Income (Loss) 1.24B 683.90M 387.30M -188.80M -304.10M -179.00M
Income Tax Expense (Benefit) 461.80M -1.59B 126.60M 59.80M 33.90M 35.20M
Net Income (Loss) Attributable to Parent 1.13B 2.58B 439.70M -267.00M -498.90M -267.00M
Earnings Per Share, Basic $1.71 $4.04 $0.73 $-0.90 $-1.73 $-2.76
Weighted Average Number of Shares Outstanding, Basic 662.50M 638.50M 606.40M 295.60M 289.10M 96.90M
Earnings Per Share, Diluted $1.60 $3.64 $0.64 $-0.90 $-1.73 $-2.76
Weighted Average Number of Shares Outstanding, Diluted 709.30M 707.90M 684.50M 295.60M 289.10M 96.90M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 2.27B 1.54B 1.14B 2.12B 1.87B 2.96B
Assets, Current 7.52B 6.85B 6.05B 6.41B 4.65B 5.13B
Assets 23.58B 19.99B 14.50B 12.25B 10.24B 9.07B
Long-term Debt — — 1.99B 3.68B 3.23B 3.08B
Liabilities, Current 7.99B 7.68B 7.74B 8.31B 5.12B 2.69B
Liabilities 15.75B 14.82B 12.75B 12.04B 9.48B —
Stockholders' Equity Attributable to Parent 7.82B 5.17B 1.75B 210.00M 634.50M 1.10B
Common Stock, Shares, Outstanding 668.00M 650.20M 308.30M 298.80M 97.30M 96.30M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 3.72B 3.26B 2.78B 1.98B 1.50B 1.04B
Net Cash Provided by (Used in) Investing Activities -2.20B -1.51B -2.03B -933.40M -1.48B 288.00M
Payments for Repurchase of Common Stock 0 566.70M 272.70M 892.30M 1.18B 1.20B
Net Cash Provided by (Used in) Financing Activities -778.90M -1.34B -1.73B -806.60M -1.10B 673.00M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (PANW CIK 0001327567), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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