Palo Alto Networks, Inc. PANW
374.74
(15.18)
(3.89%)
as of 25 Sep
- Market cap
- $316.8B
- P/E
- 706×
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Palo Alto Networks, Inc. (PANW) Free cash flow
Palo Alto Networks, Inc.'s free cash flow for fiscal 2026 was $4.1B, up 18.6% from $3.5B in fiscal 2025. Over the past ten years it has ranged from $319.0M (fiscal 2015) to $4.1B (fiscal 2026) — the current reading is the highest in ten years. Free cash flow has risen for 6 consecutive fiscal years. Palo Alto Networks, Inc. ranks 2nd of 169 Software Infrastructure companies by free cash flow.
Free cash flow, annual
Annual
| Period | Free cash flow | Change |
|---|---|---|
| FY2026 | $4.1B | 18.56% |
| FY2025 | $3.5B | 11.87% |
| FY2024 | $3.1B | 17.85% |
| FY2023 | $2.6B | 46.84% |
| FY2022 | $1.8B | 29.19% |
| FY2021 | $1.4B | 68.88% |
| FY2020 | $821.3M | (11.15%) |
| FY2019 | $924.4M | (0.18%) |
| FY2018 | $926.1M | 31.29% |
| FY2017 | $705.4M | 20.35% |
Quarterly
| Period | Free cash flow | Change |
|---|---|---|
| Jul 2026 | $1.3B | 59.14% |
| Apr 2026 | $788.0M | 105.21% |
| Jan 2026 | $384.0M | (77.24%) |
| Oct 2025 | $1.7B | 80.62% |
| 43 more quarters | Free account |
Against its own ten years
Low $319.0M
High $4.1B
Ten-year median
$1.2B
Current reading's percentile
100
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| PANW Palo Alto Networks, Inc. | $4.1B |
| PLTR Palantir Technologies Inc. compare | $3.4B |
| FTNT Fortinet, Inc. compare | $3.1B |
| SNPS Synopsys, Inc. compare | $2.7B |
| CRWD CrowdStrike compare | $1.5B |
| NET Cloudflare, Inc. compare | $314.9M |
| NBIS Nebius Group N.V. compare | −$5.9B |
| CRWV CoreWeave Inc. compare | −$13.7B |
| ORCL Oracle Corporation compare | −$28.7B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on PANW
- Revenue
- Net income
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement