# Palo Alto Networks, Inc. Common Stock (PANW) — Stock CV

Palo Alto Networks, Inc. is a $343B technology company. Revenue grew 24.5% over the last year, it keeps 3¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 1115.8× earnings.

> Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three-fourths of the Global 2000.

## Identity

- **Ticker**: PANW
- **Sector**: Technology
- **Industry**: Computer Peripheral Equipment, Nec
- **Headquarters**: SANTA CLARA, CA
- **Employees**: 21 491
- **Website**: https://www.paloaltonetworks.com
- **Market cap**: $343B
- **Last price**: $419.00
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $11.5B
- **Net income**: $307M
- **Free cash flow**: $4.11B
- **Net cash**: $504M
- **P/E**: 1115.8
- **Revenue growth (YoY)**: 24.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 5 |
| Growth | 50 |
| Profitability | 21 |
| Health | 31 |
| Quality | 72 |
| Moat | 56 |

## Qualifications (beginner checklist) — 6 of 10 passed

- [x] Revenue growing — +24.5% YoY
- [x] Profitable — $307M TTM
- [ ] Profit growing — -14.5% YoY
- [x] Generates cash — $4.11B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $343B market cap
- [x] Not printing shares — -0.9% shares over ~5y
- [ ] Proven track record — 4/11 profitable years
- [ ] Financially stable — health score 6/100
- [ ] Valuation not extreme — P/E 1115.8

## Experience (career milestones)

- **FY2026** — Revenue crossed $10B: $11.5B for the year
- **2026** — Palo Alto Networks joined the Tel Aviv Stock Exchange (TASE) as a dual-listed company
- **2026** — China launched a security review into Palo Alto's products within the Chinese market
- **FY2024** — Best year on record: $2.58B net income
- **FY2023** — Turned profitable: $440M net income after a loss year
- **FY2023** — Became debt-free: cash now exceeds total debt
- **2019** — The company announced the K2-Series, a 5G-ready next-generation firewall developed for service providers…
- **FY2016** — Revenue already above $1B: $1.38B in first reported year
- **FY2016** — Positive free cash flow every year since: 11-year streak
- **Jul 20, 2012** — The company debuted on the NYSE on July 20, 2012, raising $260 million with its initial public offering
- **2005** — Palo Alto Networks was founded in 2005 by Nir Zuk, a former engineer from Check Point and NetScreen Technologies

## Strengths

- High gross margin (70.4%)
- Revenue growing 24.5% year over year
- Strong cash conversion — FCF is 35.8% of revenue
- Net cash position after subtracting debt from cash

## Watch-outs

- Thin interest coverage (-19.7×)
- Loss-making in 6 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $5.50B | -$267M | $1.79B |
| FY2023 | $6.89B | $440M | $2.63B |
| FY2024 | $8.03B | $2.58B | $3.10B |
| FY2025 | $9.22B | $1.13B | $3.47B |
| FY2026 | $11.5B | $307M | $4.11B |

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Source: https://stockcv.com/PANW — derived from company filings; may be delayed or incomplete. Information, not investment advice.