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Palo Alto Networks, Inc. PANW Return on invested capital

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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$295.57B+156%
Enterprise value$295.42B+160%
P/E350.7×+249×
P/S27.9×+15.3×

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 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 return on invested capital?
Palo Alto Networks, Inc. (PANW) reported return on invested capital of 5.1% in Q1 2026.
How has Palo Alto Networks, Inc.'s return on invested capital changed year-over-year?
Palo Alto Networks, Inc.'s return on invested capital decreased by 79.1% year-over-year, from 24.4% to 5.1%.
What is the long-term trend for Palo Alto Networks, Inc.'s return on invested capital?
Over 3 years (2022 to 2025), Palo Alto Networks, Inc.'s return on invested capital has grown at a 50.2% compound annual growth rate (CAGR), from -6.1% to 20.7%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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