greeksoup/ stocks
Stocks / United States / PANW · Computer Peripheral Equipment, Nec · Nasdaq

Palo Alto Networks Inc. (PANW)

Compare with another name

Palo Alto Networks Inc. (PANW) reported revenue of $3.4 billion for Q4 FY2026, the quarter ended 31 July 2026, up 34.4% on the same quarter a year earlier. Net income was -$282 million, and diluted earnings per share $-0.46. The figures are the company's own, from the 10-K it filed with the SEC on 10 September 2026.

Revenue$3.4 billionup 34.4%
Net income-$282 million
Diluted EPS$-0.46
QuarterQ4 FY2026ended 31 July 2026

Ratios

From the filings

ROE1.1%
ROCE2.4%
Operating margin6.1%
Net margin2.7%
FCF margin35.8%
Interest covern/a
Debt to equity0.06
Cash conversion14.83
Share count, 1 year22.0%
Sales CAGR, 3 years18.5%
Profit CAGR, 3 years-11.3%
EPS, TTM$0.40

At the close of 21 September 2026

Price$371.76
Market cap$303.0 billion
Stock P/E929.40
Price to book11.02
EV / EBITDA195.00
Dividend yieldn/a
Market cap / sales26.39
52-week high$396.00
52-week low$141.67
Price, 1 year78.6%
Price CAGR, 3 years48.2%
Price CAGR, 5 years36.2%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the borrowings Palo Alto Networks Inc. reports under its own heading, which is the only one it files; lease liabilities are separate lines. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PANW

Filings26 in twelve months: 14 current reports (8-K), about 6 other events; 4 results of operations; 3 officer or director change; 2 material agreement; 2 new financial obligation
Planned insider sales29 Form 144 notices in twelve months, $388.4 million; latest 17 September 2026
Options tapeput/call 0.87 by open interest on 23 September 2026; the straddle prices a 4.0% move to 25 September 2026
Holders10 of the followed funds hold it; largest FMR LLC; 3 Schedule 13D or 13G filings in twelve months
Insider trading102 sales and 2 purchases on Form 4 in twelve months
Congress8 House trades disclosed in six months
Short interest21.4 million shares short, 3.85 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *
Revenue1,8781,9751,9852,1902,1392,2572,2892,5362,4742,5943,0023,410
Cost of revenue4734995145745545996196796386859741,106
Gross profit1,4051,4761,4711,6161,5851,6581,6701,8571,8361,9092,0282,304
Gross margin75%75%74%74%74%73%73%73%74%74%68%68%
R&D410448457495480506494504528511734779
Operating income21553.6177238286240219497309397-183172
Operating margin11%3%9%11%13%11%10%20%12%15%-6%5%
Interest expense2.92.82.30.31.20.90.70.20.00.00.00.0
Pre-tax income283136251319369325310592412549-156-269
Tax rate31%-1189%-11%-12%5%18%16%57%19%21%n/an/a
Net income1941,747279358351267262254334432-177-282
Net margin10%88%14%16%16%12%11%10%14%17%-6%-8%
Diluted EPS$0.56$4.89$0.79$1.04$0.99$0.38$0.37n/a$0.47$0.61-$0.22-$0.46
Operating cash flow1,5266905295131,5105576291,0211,7715548711,357
Capital expenditure36.835.237.447.444.147.568.386.384.017083.0103
Free cash flow1,4896554924651,4665095609341,6873847881,254
Buybacks66.70.05000.00.00.00.00.0n/an/an/an/a
Shares outstanding314m323m323m325m328m660m666m668m692m703m813m815m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024 FY2025 FY2026TTM
Revenue9281,3781,7622,2732,9003,4084,2565,5026,8938,0289,22211,48011,480
Cost of revenue2513704776458081,0001,2751,7191,9102,0592,4523,4033,403
Gross profit6771,0081,2791,6282,0912,4092,9813,7834,9835,9686,7708,0778,077
Gross margin72.9%73.2%72.6%71.6%72.1%70.7%70.0%68.8%72.3%74.3%73.4%70.4%70.4%
Research and development1862843474015407681,1401,4181,6041,8091,9842,5522,552
Operating income-99.8-157-166-104-54.1-179-304-1893876841,243695695
Operating margin-10.8%-11.4%-9.4%-4.6%-1.9%-5.3%-7.1%-3.4%5.6%8.5%13.5%6.1%6.1%
Interest expense22.323.424.529.683.988.716327.427.28.33.00.00.0
Pre-tax income-122-172-180-105-74.6-232-465-2075669881,596536536
Income tax9.420.422.916.97.335.233.959.8127-1,589462229229
Effective tax raten/an/an/an/an/an/an/an/a22.4%-160.8%28.9%42.7%42.7%
Net income-131-193-203-122-81.9-267-499-2674402,5781,134307307
Net margin-14.1%-14.0%-11.5%-5.4%-2.8%-7.8%-11.7%-4.9%6.4%32.1%12.3%2.7%2.7%
Diluted EPS-$2.02-$2.59-$2.39-$1.61-$0.87-$2.76-$5.18-$2.71$1.28$7.28$1.60$0.40$0.40
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024 FY2025 FY2026TTM
Operating cash flow3536588681,0371,0561,0361,5031,9852,7783,2583,7164,5534,553
Capital expenditure33.872.5163112131214116193146157247440440
Free cash flow3195867059259248211,3871,7922,6313,1013,4694,1134,113
Free cash flow margin34.4%42.5%40.0%40.7%31.9%24.1%32.6%32.6%38.2%38.6%37.6%35.8%35.8%
Depreciation and amortisation28.942.859.896.4154206260283282284343855855
Share-based compensation2213934744975686588941,0111,0741,0751,2951,7741,815
Buybacks0.00.04112593301,1981,1788922735670.01,000n/a
Diluted shares, weightedn/an/an/an/a94m97m96m98m342m354m709m764m764m
Shares outstanding at period end85m90m92m94m97m96m97m100m308m325m668m815m815m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021FY2022FY2023FY2024 FY2025 FY2026TTM
Total assets1,9652,8583,4385,9496,5929,06510,24212,25414,50119,99123,57648,46048,460
Cash and equivalents3767347442,5079612,9581,8742,1181,1351,5352,2692,5142,514
Receivables2123494324675821,0371,2402,1422,4632,6192,9653,6293,629
Inventoryn/an/an/an/an/an/an/an/an/a116113117117
Goodwill1641642395231,3521,8132,7102,7482,9273,3504,56722,01022,010
Long-term debt4875005251,9201,4303,0843,2263,6771,992n/an/an/an/a
Borrowings, as the company tags them0.05005251,3701,4303,0841,6680.01,999n/a0.01,7741,774
Operating lease liabilitiesn/an/an/an/a0.0337313276279380338726726
Shareholders' equity4888957601,1601,5861,1026342101,7485,1707,82427,49227,492
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded23.6%22.0%18.5%24.5%
Profit growth, compoundedn/an/a-11.3%-72.9%
Return on equity, average-18.2%-7.3%21.8%1.1%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Computer Peripheral Equipment, Nec

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Palo Alto Networks Inc. PANW$303.0 billion929.401.1%6.1%24.5%0.06n/a
Fortinet, Inc. FTNT$128.5 billion61.92136.7%32.4%18.8%0.32n/a

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-K31 July 202610 September 2026EDGAR
10-Q30 April 20263 June 2026EDGAR
10-Q31 January 202618 February 2026EDGAR
10-Q31 October 202520 November 2025EDGAR
10-K31 July 202529 August 2025EDGAR
10-Q30 April 202521 May 2025EDGAR
10-Q31 January 202514 February 2025EDGAR
10-Q31 October 202421 November 2024EDGAR
10-K31 July 20246 September 2024EDGAR
10-Q30 April 202421 May 2024EDGAR

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install