CoreWeave Inc. (CRWV) vs Palo Alto Networks, Inc. (PANW)

CoreWeave Inc. and Palo Alto Networks, Inc. are both Software Infrastructure companies. Palo Alto Networks, Inc. is the larger, with a market value of $316.8B against $50.5B — 6.3× the size. CoreWeave Inc. has negative trailing earnings, so its P/E is not meaningful; Palo Alto Networks, Inc. trades at 706×. CoreWeave Inc. grew revenue faster over the last twelve months: 115.3% against 24.5%. Palo Alto Networks, Inc. has the higher net margin (2.67% vs −25.4%) and the higher return on invested capital (1.66% vs −0.43%). Across the 18 metrics below, Palo Alto Networks, Inc. leads on 12 and CoreWeave Inc. on 6.

Valuation

Metric CRWV PANW Software Infrastructure median
P/E n/m 706.38 28.02
P/S 6.35 24.43 3.07
P/B 9.59 10.20 3.36
Price to free cash flow n/m 68.18 17.12
EV/EBITDA 19.82 129.23 14.91
EV/Sales 10.15 24.33 3.03
Earnings yield (4.17%) 0.14% 0.13%
Free cash flow yield (28.33%) 1.47% 1.15%

Profitability

Metric CRWV PANW Software Infrastructure median
Gross margin 67.42% 70.36% 61.23%
Operating margin (3.04%) 6.05% 0.00%
Net margin (25.42%) 2.67% 0.00%
Free cash flow margin (179.91%) 35.83% 1.67%
Return on equity (50.22%) 1.74% 0.59%
Return on assets (3.73%) 0.85% 0.00%
Return on invested capital (0.43%) 1.66% 0.00%

Growth

Metric CRWV PANW Software Infrastructure median
Revenue growth (TTM) 115.32% 24.50% 13.41%
EPS growth (last fiscal year) 29.02% (75.00%) —
Revenue growth, 5-year CAGR — 21.95% 15.81%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric CRWV PANW Software Infrastructure median
Debt to equity 7.02 0.06 0.06
Current ratio 0.46 0.87 1.55
Net debt to EBITDA 6.99 (0.60) 0.08

Dividend

Metric CRWV PANW Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio — 0.00 0.00

Size

Metric CRWV PANW Software Infrastructure median
Market cap 50.52b 316.80b 835.96m

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