---
title: Palo Alto Networks (PANW) — software card
canonical: https://sweetvaluelab.com/tools/software/panw
ticker: PANW
tier: Large
as_of: 2026-10-16
---
# Palo Alto Networks (PANW) — software card

Palo Alto Networks, Large, grows revenue 24.5% on a 70.4% gross margin and a 38.2% free-cash-flow margin (— after stock-based compensation), and trades at 22.7× trailing revenue. Prices as of Oct 16, 2026; trailing-twelve-month figures through Aug 31, 2026.

## The card

| Figure | PANW | Large average (14) |
| --- | ---: | ---: |
| Price | $342.00 |  |
| Revenue (TTM) | $11.5B |  |
| Revenue growth | 24.5% | 26.5% |
| Revenue growth, prior year | 14.9% |  |
| Gross margin | 70.4% | 75.7% |
| Operating margin | 6.1% |  |
| Free cash flow (TTM) | $4.4B |  |
| FCF margin | 38.2% | 32.5% |
| FCF margin after SBC | — |  |
| Stock-based compensation (TTM) | — |  |
| SBC / revenue | — | 14.4% |
| Rule of 40 | 6269 | 5895 |
| Diluted shares, YoY | 7.8% |
| Buybacks (TTM) | $1.0B |  |
| Market value | $261.3B |  |
| Net cash | $571.0M |  |
| Enterprise value | $260.7B |  |
| EV / revenue | 22.7× | 18.5× |
| EV / gross profit | 32.3× |  |
| EV / FCF | 59.4× |  |
| P/E | 777.3 |  |

## Lights

- The diluted share count grew 7.8% in a year

## Data notes

- Stock-based compensation unusable (2026-04-30: stock-based compensation not positive); SBC figures omitted.

---

Source: https://sweetvaluelab.com/tools/software/panw (SweetValueLab, free, no account). Quarterly statements from Financial Modeling Prep, closes from the daily price cache; the engine's rules are on the board page. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.