Palo Alto Networks (PANW) EV to FCF (2012 - 2026)
Palo Alto Networks' (PANW) EV to FCF came in at 65.01 for fiscal Q4 2026 (quarter ended Jul 31, 2026), up 99.5% from 32.59 a year earlier and up 72.8% from the prior quarter.
Powered by 
Analysis
Palo Alto Networks (PANW) EV to FCF (2012 - 2026) Analysis & Trends
Since fiscal Q4 2012, Palo Alto Networks has reported EV to FCF for 57 quarters.
- In prior fiscal years, Palo Alto Networks' EV to FCF was 32.59 in FY2025 (-1.9%), 33.21 in FY2024 (+17.0%), 28.38 in FY2023 (+10.4%) and 25.71 in FY2022 (-0.7%).
- The fiscal Q4 2026 figure stands as the highest quarterly EV to FCF since fiscal Q2 2015.
- On a year-over-year basis, EV to FCF increased in five of the last eight quarters, with growth averaging 22.2%.
- The strongest year-over-year quarter for EV to FCF in the past five years was fiscal Q2 2024, with growth of 118.3%; the weakest was fiscal Q2 2023, with a decline of 47.5%.
- According to Business Quant data, EV to FCF for the three prior fiscal quarters was 37.62 (Q3 2026), 33.63 (Q2 2026) and 40.16 (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 261.23 Bn | 246.30 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 233.89 Bn | 214.29 Bn | 1.10 Bn |
| 3 | Fortinet | 125.38 Bn | 111.31 Bn | 1.64 Bn |
| 4 | Snowflake | 108.45 Bn | 95.77 Bn | 1.04 Bn |
| 5 | Datadog | 88.65 Bn | 70.29 Bn | 881.34 Mn |
| 6 | Zscaler | 33.05 Bn | 19.16 Bn | - |
| 7 | Okta | 32.99 Bn | 23.09 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.35 Bn | 26.87 Bn | 546.45 Mn |
| 9 | MongoDB | 27.25 Bn | 17.72 Bn | 569.77 Mn |
| 10 | F5 | 25.14 Bn | 19.55 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 65.01 |
| Apr 30, 2026 | 37.62 |
| Jan 31, 2026 | 33.63 |
| Oct 31, 2025 | 40.16 |
| Jul 31, 2025 | 32.59 |
| Apr 30, 2025 | 40.39 |
| Jan 31, 2025 | 40.44 |
| Oct 31, 2024 | 37.26 |
| Jul 31, 2024 | 33.21 |
| Apr 30, 2024 | 30.27 |
| Jan 31, 2024 | 36.23 |
| Oct 31, 2023 | 24.75 |
| Jul 31, 2023 | 28.38 |
| Apr 30, 2023 | 18.91 |
| Jan 31, 2023 | 16.60 |
| Oct 31, 2022 | 19.74 |
| Jul 31, 2022 | 25.71 |
| Apr 30, 2022 | 32.40 |
| Jan 31, 2022 | 31.63 |
| Oct 31, 2021 | 32.58 |
API Access
Palo Alto Networks EV to FCF 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=ev-to-fcf&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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=ev-to-fcf&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();