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Saturday 17 October 2026 Export PANW’s income statement to Excel — free account

Palo Alto Networks, Inc.

PANW Technology Software Infrastructure

Palo Alto Networks, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $11.5 billion, up 24.5% from fiscal 2025. In the quarter to July 2026, revenue grew 34.5%, EPS fell 192.1%, free cash flow grew 34.3% and total debt rose 174.7%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

342.00 28.27 −7.63%
Market cap
$302.9B
P/E
645×
Fwd P/E
135×
Dividend yield
—
F-score
3/9
Altman Z
7.45
Beneish M
−2.56
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Palo Alto Networks, Inc. (PANW) EV/Sales

Alert me on EV/Sales

As of 16 October 2026, Palo Alto Networks, Inc. (PANW) trades at a EV/Sales of 22.2×. Over the past ten years it has ranged from 3.7× (March 2020) to 27.3× (October 2026); the current reading is higher than 98% of that period. That is above the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.7×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2026 21.6× 76.09%
FY2025 12.2× (3.93%)
FY2024 12.7× 16.04%
FY2023 11.0× 19.98%
FY2022 9.2× 0.11%
FY2021 9.1× 28.78%
FY2020 7.1× 1.91%
FY2019 7.0× (5.15%)
FY2018 7.3× 11.17%
FY2017 6.6× (16.51%)

Quarterly newest first

Period EV/Sales Change
Jul 2026 21.6× 61.10%
Apr 2026 13.4× 10.63%
Jan 2026 12.1× (20.86%)
Oct 2025 15.3× 24.83%
43 more quarters

Against its own ten years

Low 3.7× High 27.3×
Ten-year median 9.6×
Current reading's percentile 97

EV/Sales against peers

Company EV/Sales
XYZ Block, Inc. compare 1.9×
ORCL Oracle Corporation compare 6.4×
SNPS Synopsys, Inc. compare 9.9×
FTNT Fortinet, Inc. compare 16.1×
PANW Palo Alto Networks, Inc. 22.2×
NBIS Nebius Group N.V. compare 34.6×
NET Cloudflare, Inc. compare 40.8×
CRWD CrowdStrike compare 42.2×
PLTR Palantir Technologies Inc. compare 71.0×
Software Infrastructure industry median 2.9×
Technology sector median 2.7×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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