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Net margin at other companies

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MicrosoftMSFT
40.3%+4.2pp
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Cisco Systems, Inc.CSCO
19.7%+2.1pp
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F5, Inc.FFIV
22%-0.1pp
VirnetX Holding Corp
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VirnetX Holding Corp VHC
-11,666.7%-5,775pp
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Akamai TechnologiesAKAM
10.2%-1.1pp
Qualys, Inc. logo
Qualys, Inc.QLYS
29.4%+0.2pp

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$298.57B+156%
Enterprise value$298.42B+160%
P/E354.2×+251×
P/S28.2×+15.5×

Profitability

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Gross margin71.9%-1.6pp
Operating margin9.6%-1.5pp
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 trailing twelve months.

The source filing: Palo Alto Networks, Inc.’s 10-Q, filed June 3, 2026. Open the filing →

Filed
Jun 2, 2026, 8:00 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001327567-26-000015

FAQ

What is Palo Alto Networks, Inc.'s net margin?
Palo Alto Networks, Inc. (PANW) reported net margin of 7.9% in Q1 2026.
How has Palo Alto Networks, Inc.'s net margin changed year-over-year?
Palo Alto Networks, Inc.'s net margin decreased by 43.0% year-over-year, from 13.9% to 7.9%.
What is the long-term trend for Palo Alto Networks, Inc.'s net margin?
Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s net margin has grown at a 1.2% compound annual growth rate (CAGR), from -11.7% to 12.3%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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