What are Palo Alto Networks, Inc.'s profit margins?

Palo Alto Networks, Inc. (PANW) runs a 71.9% gross margin and a 9.6% operating margin, with a 7.9% net margin.

Where do Palo Alto Networks, Inc.'s ratios come from?

Every ratio is computed from Palo Alto Networks, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Palo Alto Networks, Inc. PANW Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	73.4%-0.9pp	74.3%+2.1pp	72.3%+3.5pp	68.8%-1.3pp
Operating margin	13.5%+5.0pp	8.5%+2.9pp	5.6%+9.3pp	-3.7%+3.4pp
Net margin	12.3%-19.8pp	32.1%+25.7pp	6.4%+11.3pp	-4.9%+6.8pp
EBITDA margin	21.1%+5.1pp	15.9%+3.2pp	12.7%+11.2pp	1.6%+2.5pp
Free cash flow margin	37.6%-1.0pp	38.6%+0.5pp	38.2%+5.6pp	32.6%0.0pp
Returns
Return on equity	17.5%-57.1pp	74.5%+29.6pp	44.9%+109pp	-64%—
Return on assets	5.2%-9.7pp	14.9%+11.7pp	3.3%+5.7pp	-2.4%—
Return on invested capital	20.7%-4.3pp	25%+14.4pp	10.6%+16.7pp	-6.1%—
Efficiency
Asset turnover	0.4×0.0×	0.5×0.0×	0.5×0.0×	0.5×—
Liquidity
Current ratio	0.9×+0.1×	0.9×+0.1×	0.8×0.0×	0.8×-0.1×
Quick ratio	0.9×+0.1×	0.9×+0.1×	0.8×0.0×	0.8×-0.1×
Cash ratio	0.3×+0.1×	0.2×+0.1×	0.1×-0.1×	0.3×-0.1×
Leverage
Debt-to-equity	0.1×-0.2×	0.3×-1.1×	1.3×-35.3×	36.6×+33.6×
Debt-to-assets	0×-0.1×	0.1×-0.1×	0.2×-0.5×	0.6×+0.4×
Net debt / EBITDA	-1×-0.9×	-0.1×-1.5×	1.4×-63.8×	65.1×—
Interest coverage	532.9×+413×	120.1×+98.3×	21.8×+29.0×	-7.2×-5.3×
Per Share
Book value per share	$11.03+51.1%	$7.30+186%	$2.55+260%	$0.71-67.6%
Valuation
Market capitalization	$115.76B+9.9%	$105.34B+35.9%	$77.51B+835%	$8.29B+26.3%
Enterprise value	$113.89B+8.3%	$105.21B+33.7%	$78.7B+468%	$13.86B+109%
Price / earnings	102.1×+61.2×	40.9×-135×	176.3×—	——
Price / sales	12.6×-0.6×	13.1×+1.9×	11.2×+9.7×	1.5×0.0×
Price / book	14.8×-5.6×	20.4×-24.0×	44.3×+4.9×	39.5×+29.1×
EV / EBITDA	58.6×-23.6×	82.2×-7.7×	89.9×-72.2×	162×—
EV / sales	12.4×-0.8×	13.1×+1.7×	11.4×+8.9×	2.5×+1.0×
Free cash flow yield	3%+0.1pp	2.9%-0.5pp	3.4%-18.2pp	21.6%+0.5pp
Earnings yield	1%-1.5pp	2.4%+1.9pp	0.6%+3.8pp	-3.3%+4.3pp

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Questions, answered.

What are Palo Alto Networks, Inc.'s profit margins?: Palo Alto Networks, Inc. (PANW) runs a 71.9% gross margin and a 9.6% operating margin, with a 7.9% net margin.
Where do Palo Alto Networks, Inc.'s ratios come from?: Every ratio is computed from Palo Alto Networks, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.