Palo Alto Networks (PANW) Asset Utilization Ratio (2012 - 2026)

Palo Alto Networks' (PANW) quarterly Asset Utilization Ratio came in at 0.24 in Q3 2026, down 40.1% year-over-year from 0.4 in Q3 2025, and down 18.59% on a QoQ basis from 0.3 in Q2 2026.

Analysis

Palo Alto Networks (PANW) Asset Utilization Ratio (2012 - 2026) Analysis & Trends

Palo Alto Networks (PANW) has 15 years of Asset Utilization Ratio data on file, last reported at 0.24 in Q3 2026.

On a quarterly basis, Asset Utilization Ratio fell 40.1% year-over-year to 0.24 in Q3 2026; TTM through Jul 2026 was 0.24, a 40.1% decrease from a year earlier, with the FY2026 full-year figure at 0.32, down 24.7% from the prior year.
Asset Utilization Ratio for Q3 2026 stood at 0.24, down from 0.3 in the prior quarter.
Across five years, Asset Utilization Ratio topped out at 0.49 in Q4 2023 and bottomed at 0.24 in Q3 2026.
Historically, Asset Utilization Ratio has averaged 0.43 across 5 years, with a median of 0.43 in 2024.
The widest annual swing landed in 2022, when Asset Utilization Ratio rose 14.9%; it then slumped 40.1% in 2026.
Year by year, Asset Utilization Ratio stood at 0.47 in 2022, then grew by 4.82% to 0.49 in 2023, then dropped by 16.5% to 0.41 in 2024, then fell by 1.21% to 0.41 in 2025, then plunged by 40.25% to 0.24 in 2026.
Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.24 in Q3 2026, 0.3 in Q2 2026, and 0.41 in Q1 2026.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Asset Util. (Qtr)
1	Palo Alto Networks	320.54 Bn	317.47 Bn	2.30 Bn	0.24
2	CrowdStrike Holdings	268.77 Bn	263.80 Bn	1.10 Bn	0.46
3	Fortinet	131.12 Bn	127.05 Bn	1.64 Bn	0.73
4	Snowflake	118.02 Bn	115.67 Bn	1.04 Bn	0.63
5	Datadog	90.27 Bn	85.29 Bn	881.34 Mn	0.55
6	Axon Enterprise	36.61 Bn	35.93 Bn	546.45 Mn	0.44
7	Zscaler	34.97 Bn	31.49 Bn	-	-
8	MongoDB	34.51 Bn	32.10 Bn	569.77 Mn	0.75
9	Okta	34.32 Bn	32.02 Bn	641.00 Mn	0.33
10	Baidu	30.55 Bn	8.15 Bn	1.76 Mn	0.27

Historic Data

Download Data

Date	Value
Jul 31, 2026	0.24
Apr 30, 2026	0.30
Jan 31, 2026	0.41
Oct 31, 2025	0.41
Jul 31, 2025	0.40
Apr 30, 2025	0.41
Jan 31, 2025	0.41
Oct 31, 2024	0.41
Jul 31, 2024	0.42
Apr 30, 2024	0.43
Jan 31, 2024	0.45
Oct 31, 2023	0.49
Jul 31, 2023	0.48
Apr 30, 2023	0.47
Jan 31, 2023	0.48
Oct 31, 2022	0.47
Jul 31, 2022	0.47
Apr 30, 2022	0.48
Jan 31, 2022	0.47
Oct 31, 2021	0.44

API Access

Palo Alto Networks Asset Utilization Ratio API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=PANW&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Palo Alto Networks (PANW) Asset Utilization Ratio (2012 - 2026)