# Palo Alto Networks, Inc. (PANW)

> Technology · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/PANW/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 2.59B | $ 432.00M | $ 638.00M | $ 372.00M | $ 9.39B |
| 2025 | $ 9.79B | $ 1.14B | $ 4.03B | $ 692.00M | $ 8.67B |
| 2024 | $ 8.71B | $ 2.87B | $ 3.23B | $ 1.03B | $ 5.91B |
| 2023 | $ 7.79B | $ 663.78M | $ 3.16B | $ 2.22B | $ 2.17B |
| 2022 | $ 6.50B | $ -160.19M | $ 2.72B | $ 3.96B | $ 508.00M |
| 2021 | $ 5.42B | $ -606.57M | $ 1.71B | $ 3.97B | $ 518.90M |
| 2020 | $ 4.56B | $ -381.67M | $ 1.46B | $ 3.44B | $ 747.00M |
| 2019 | $ 3.89B | $ -133.21M | $ 1.14B | $ 1.82B | $ 1.52B |
| 2018 | $ 3.20B | $ -161.39M | $ 1.19B | $ 1.62B | $ 1.26B |
| 2017 | $ 2.52B | $ -301.35M | $ 1.03B | $ 531.00M | $ 704.70M |
| 2016 | $ 2.04B | $ -342.58M | $ 881.63M | $ 506.20M | $ 918.30M |
| 2015 | $ 1.45B | $ -243.76M | $ 526.07M | $ 492.30M | $ 626.50M |
| 2014 | $ 935.90M | $ -340.80M | $ 138.60M | $ 471.86M | $ 493.21M |
| 2013 | $ 623.44M | $ -47.78M | $ 136.84M | $ 0 | $ 289.78M |
| 2012 | $ 409.97M | $ -9.95M | $ 92.41M | $ 0 | $ 235.79M |
| 2011 | $ 188.78M | $ -6.72M | $ 44.83M | $ 0 | $ -71.45M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 0.04 |
| Liabilities / Eq | 1.66 |
| Current Ratio | 1.04 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 1.20 |
| Gross Debt / FCF | 0.18 |

## Other views

- [Metrics](https://sponda.capital/en/PANW.md)
- [Charts](https://sponda.capital/en/PANW/charts.md)
- [Compare](https://sponda.capital/en/PANW/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.