CLBT vs TRI vs PANW Stock Comparison

Cellebrite DI, Thomson Reuters and Palo Alto Networks Prices as of Oct 27, 2026 Peers: Industry group
CLBT Cellebrite DI Ltd.
$11.93 +10.6% 1M -35.5% 1Y
Market cap
$2.98B
P/E
49.1x
Revenue (TTM)
$514.29M
Div. yield
–
Cybersecurity Software Technology
2 wins
TRI Thomson Reuters Corp /Can/
$116.41 +17.6% 1M -28.3% 1Y
Market cap
$51.80B
P/E
32.2x
Revenue (TTM)
$7.83B
Div. yield
3.45%
Compliance Software Technology
3 wins
PANW Palo Alto Networks Inc
$401.70 +7.2% 1M +82.4% 1Y
Market cap
$327.39B
P/E
980.0x
Revenue (TTM)
$11.48B
Div. yield
–
Cybersecurity Software Technology
5 wins

Head to Head

10 decided of 12

Palo Alto Networks leads on 5 of the 12 questions below (Palo Alto Networks 5, Thomson Reuters 3, Cellebrite DI 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCLBTTRIPANWLeader
Larger companyMarket capitalisation $2.98B $51.80B $327.39B PANW
Cheaper on earningsLower P/E, profitable companies only 49.1x 32.2x 980.0x TRI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 44.2x 26.0x 91.9x TRI
Faster revenue growthRevenue growth, trailing twelve months +17.8% +7.0% +24.5% PANW
More profitableNet margin, trailing twelve months 11.4% 20.7% 2.7% TRI
Better return on capitalReturn on invested capital 7.9% — — –
Less leveragedLower net debt / EBITDA -3.5x 1.2x — CLBT
Higher dividend yieldTrailing dividend yield — 3.45% — –
Better 1-year returnPrice return, last 12 months -35.5% -28.3% +82.4% PANW
Better 5-year returnAnnualised price return, 5 years +1.5%/yr -1.2%/yr +37.1%/yr PANW
Less volatileAnnualised volatility, 1 year 63.9% 51.8% 49.6% PANW
Higher overall scoreMean of the five percentile scores vs peers 71/100 57/100 50/100 CLBT

Percentile Scorecard

CLBTTRIPANW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCLBTTRIPANW
Valuation 78 #28 of 124 51 #50 of 101 42 #72 of 124
Growth 78 #26 of 113 29 #69 of 97 38 #71 of 113
Profitability 92 #10 of 109 99 #2 of 94 76 #27 of 109
Financial Health 68 #42 of 127 65 #38 of 108 38 #79 of 127
Shareholder Returns 39 #40 of 65 38 #40 of 64 55 #30 of 65
Overall 71 57 50
  • CLBT ranked among 137 companies in Infrastructure Software
  • TRI ranked among 114 companies in Business Applications
  • PANW ranked among 137 companies in Infrastructure Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCLBTTRIPANWSPY
1 month +10.6%+17.6%+7.2% -0.2%
3 months -19.7%+12.7%+25.9% +3.9%
6 months -5.9%+29.5%+121.9% +8.2%
Year to date -33.8%-11.7%+118.1% +12.9%
1 year -35.5%-28.3%+82.4% +12.3%
3 years +85.0%-1.2%+236.5% +87.4%
3 years, per year +22.8%-0.4%+49.9% +23.3%
5 years +8.0%-5.7%+383.6% +67.9%
5 years, per year +1.5%-1.2%+37.1% +10.9%
10 years —+183.3%+1,510.7% +261.1%
10 years, per year —+11.0%+32.0% +13.7%

Risk

MeasureCLBTTRIPANWSPY
Volatility, 1Y 63.9%51.8%49.6% 12.7%
Downside volatility, 1Y 70.5%52.4%46.9% 12.7%
Beta vs S&P 500, 1Y 0.550.161.25 1.00
Return / volatility, 1Y -0.56-0.551.66 0.97
Max drawdown, 5Y -65.1%-64.3%-36.0% -25.4%
From 52-week high -38.1%-28.3%-4.3% -1.2%
52-week high $19.28$162.38$419.91 $779.14
52-week low $10.44$76.55$141.67 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCLBTTRIPANW
P/E now vs peer median 49.1xmedian 38.6x 32.2xmedian 28.3x 980.0xmedian 38.6x
P/S now vs peer median 5.8xmedian 4.4x 6.6xmedian 2.8x 28.5xmedian 4.4x
EV/EBITDA now vs peer median 34.5xmedian 34.5x 25.8xmedian 17.3x 151.5xmedian 34.5x
P/FCF now vs peer median 18.7xmedian 29.4x 16.2xmedian 15.8x 79.6xmedian 29.4x
P/B now vs peer median 5.5xmedian 3.3x 4.7xmedian 3.2x 11.9xmedian 3.3x
PEG now vs peer median 1.06median 1.28 3.11median 0.85 -67.72median 1.28

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCLBTTRIPANW
Revenue $514.29M $7.83B $11.48B
Gross profit $426.66M – $8.08B
Operating income $55.86M $2.33B $695.00M
Net income $58.76M $1.68B $307.00M
Free cash flow $158.73M $3.19B $4.11B
R&D $129.82M – $2.55B
EPS (diluted) $0.24 $3.61 $0.40
Cash & equivalents $141.25M $577.00M $2.51B
Total debt $71.94M $3.26B –
Shares (diluted) 249.90M 449.53M 764.00M
Enterprise value $1.72B $48.58B $312.46B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCLBTTRIPANW
P/E 49.1x 32.2x 980.0x
P/FCF 18.7x 16.2x 79.6x
P/Operating cash flow 18.9x 17.9x 71.9x
P/S 5.8x 6.6x 28.5x
P/B 5.5x 4.7x 11.9x
P/Tangible book 7.2x 6.4x 16.0x
EV/EBITDA 34.5x 25.8x 151.5x
EV/EBIT 48.4x 23.3x 466.6x
EV/Revenue 5.3x 6.9x 28.3x
EV/FCF 17.0x 17.1x 78.9x
EV/Operating cash flow 17.2x 18.8x 71.2x
PEG (3Y EPS CAGR) 1.06 3.11 -67.72

Growth

14 metrics
MetricCLBTTRIPANW
Revenue growth (1Y) 17.8% 7.0% 24.5%
Revenue CAGR (3Y) 20.5% 5.2% 18.5%
Gross profit growth (1Y) 15.8% – 19.3%
Gross profit CAGR (3Y) 20.9% – 17.5%
Operating income growth (1Y) -9.7% 9.1% -44.1%
Operating income CAGR (3Y) 61.2% -0.5% 21.5%
Net income growth (1Y) 138.9% 4.7% -72.9%
Net income CAGR (3Y) 51.0% -6.8% -11.3%
EPS growth (1Y) 132.6% 8.4% -74.9%
EPS CAGR (3Y) 46.2% 10.4% -14.5%
Operating cash flow growth (1Y) -2.2% 14.5% 22.5%
Operating cash flow CAGR (3Y) 34.9% 10.1% 17.9%
Free cash flow growth (1Y) -0.9% 13.0% 18.6%
Free cash flow CAGR (3Y) 31.9% 9.0% 16.1%

Profitability

14 metrics
MetricCLBTTRIPANW
Gross margin 83.0% – 70.4%
EBITDA margin 15.2% 26.9% 18.6%
Operating margin 10.9% 29.7% 6.1%
Pretax margin 14.7% 46.5% 4.7%
Net margin 11.4% 20.7% 2.7%
FCF margin 30.9% 40.7% 35.8%
Operating cash flow margin 30.6% 36.9% 39.7%
Return on equity 11.2% – 1.1%
Return on assets 6.0% – 0.6%
Return on invested capital 7.9% – –
Return on capital employed 9.2% – 1.9%
Asset turnover 0.5x – 0.2x
Cash conversion (OCF / net income) 2.7x 1.7x 14.8x
Stock comp / revenue 11.1% – 15.5%

Financial Health

11 metrics
MetricCLBTTRIPANW
Debt / assets 2.5% 18.0% –
Debt / equity 0.0x 0.3x –
Net debt / EBITDA -3.5x 1.2x –
Debt / FCF 0.2x 1.0x –
Liabilities / assets 45.9% 38.5% 43.3%
Equity / assets 54.1% 61.5% 56.7%
Interest coverage – 116.5x –
Current ratio 1.6x 0.5x 0.9x
Quick ratio 1.3x -2.5x 0.7x
Cash ratio 0.8x 0.2x 0.3x
Altman Z-score 4.79 5.88 9.70

Shareholder Returns

7 metrics
MetricCLBTTRIPANW
Dividend yield – 3.4% –
Net buyback yield -0.4% -2.2% -0.1%
Shareholder yield -0.4% 1.2% -0.1%
Payout ratio (earnings) – 30.9% –
Payout ratio (FCF) – 16.3% –
Dividend growth (1Y) – -10.6% –
Dividend CAGR (3Y) – -8.5% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCLBTTRIPANW
Forward P/E 44.2xFY2026 26.0xFY2026 91.9xFY2027
EPS, next fiscal year $0.27FY2026 $4.47FY2026 $4.37FY2027
EPS growth, next FY -12.9%FY2026 +12.6%FY2026 +13.8%FY2027
EPS growth, the year after +33.3% +8.1% +16.5%
Revenue, next fiscal year $593.75MFY2026 $7.73BFY2026 $13.37BFY2027
Revenue growth, next FY +24.8%FY2026 +3.8%FY2026 +16.5%FY2027
Revenue growth, the year after +14.1% +15.5% +12.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCLBTTRIPANW
Held by institutions 51.4% 90.1% 82.1%
Institutions holding 199 421 2,914
Change in shares held, QoQ -1.4% +0.6% +6.6%
Institutions buying 117 408 1,547
Institutions selling 60 9 1,125
Buyers to sellers 1.95 45.33 1.38

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CLBTTRIPANW
CLBT 1.00 0.38 0.35
TRI 0.38 1.00 0.24
PANW 0.35 0.24 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CLBT, TRI and PANW?

Palo Alto Networks (PANW) is the largest by market capitalisation: Cellebrite DI (CLBT) $2.98B, Thomson Reuters (TRI) $51.80B, Palo Alto Networks (PANW) $327.39B.

Which stock is cheaper, CLBT, TRI and PANW?

Thomson Reuters (TRI) trades on the lowest price-to-earnings ratio (Cellebrite DI (CLBT) 49.1x, Thomson Reuters (TRI) 32.2x, Palo Alto Networks (PANW) 980.0x). On next year's consensus earnings, Thomson Reuters (TRI) is cheapest (Cellebrite DI (CLBT) 44.2x, Thomson Reuters (TRI) 26.0x, Palo Alto Networks (PANW) 91.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Palo Alto Networks (PANW) grew revenue fastest over the trailing twelve months: Cellebrite DI (CLBT) +17.8%, Thomson Reuters (TRI) +7.0%, Palo Alto Networks (PANW) +24.5%.

Which company is more profitable?

Thomson Reuters (TRI) has the highest net margin (Cellebrite DI (CLBT) 11.4%, Thomson Reuters (TRI) 20.7%, Palo Alto Networks (PANW) 2.7%).

Which stock has performed better?

Over the past year Palo Alto Networks (PANW) returned the most: Cellebrite DI (CLBT) -35.5%, Thomson Reuters (TRI) -28.3%, Palo Alto Networks (PANW) +82.4%. Over five years, Palo Alto Networks (PANW) compounded fastest (Cellebrite DI (CLBT) +1.5%/yr, Thomson Reuters (TRI) -1.2%/yr, Palo Alto Networks (PANW) +37.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Thomson Reuters (TRI) 3.45%. Cellebrite DI (CLBT) and Palo Alto Networks (PANW) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Palo Alto Networks (PANW) has been the steadiest (Cellebrite DI (CLBT) 63.9%, Thomson Reuters (TRI) 51.8%, Palo Alto Networks (PANW) 49.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CLBT, TRI and PANW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Palo Alto Networks (PANW) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.