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EV / EBITDA at other companies

Microsoft logo
MicrosoftMSFT
14.5×-4.7×
Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
23.2×+5.9×
F5, Inc. logo
F5, Inc.FFIV
17×-0.6×
Akamai Technologies logo
Akamai TechnologiesAKAM
14.3×+4.1×
Fortinet logo
FortinetFTNT
24.8×-9.8×
Cloudflare, Inc. logo
Cloudflare, Inc.NET
589.6×+42.2×

Other financials

Income statement

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Revenue$3.0B+31.1%
Gross profit$2.0B+21.4%
Operating income-$183.0M-184%
Net income-$177.0M-168%
EPS (diluted)-$0.22-159%

Balance sheet

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Cash & equivalents$2.4B-0.9%
Total debt$2.2B+206%
Total equity$27.7B+283%
Total assets$46.3B+110%

Cash flow

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Operating cash flow$871.0M+38.7%
CapEx$83.0M+22.1%
Free cash flow$788.0M+40.7%

Valuation

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Market cap$234.54B+24.8%
Enterprise value$234.4B+26.5%
P/E278.3×+126×
P/S22.1×+0.9×

Profitability

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Gross margin71.9%-1.6pp
Operating margin9.6%-1.5pp
Net margin7.9%-6.0pp
FCF margin35.8%+2.0pp

Returns & leverage

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Return on equity4.8%-16.3pp
Debt / equity0.1×0.0×
Current ratio0.9×0.0×

Where this comes from

Calculated from Palo Alto Networks, Inc.’s reported figures.

Based on the most recent quarter.

The official record: Palo Alto Networks, Inc.’s 10-Q, filed June 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Palo Alto Networks, Inc.'s EV / EBITDA?
Palo Alto Networks, Inc. (PANW) reported EV / EBITDA of 72.8× in Q1 2026.
How has Palo Alto Networks, Inc.'s EV / EBITDA changed year-over-year?
Palo Alto Networks, Inc.'s EV / EBITDA increased by 5.3% year-over-year, from 69.2× to 72.8×.
What is the long-term trend for Palo Alto Networks, Inc.'s EV / EBITDA?
Over 4 years (2020 to 2025), Palo Alto Networks, Inc.'s EV / EBITDA has grown at a 22.5% compound annual growth rate (CAGR), from 26.1× to 58.6×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.