Palo Alto Networks (PANW) FCF Margin (2011 - 2026)
Palo Alto Networks (PANW) posted quarterly FCF Margin of 14.8% for Q1 2026, down 775.0% year-over-year from 2.19% in Q1 2025, and down 78.29% quarter-over-quarter from 68.19% in Q4 2025.
Palo Alto Networks (PANW) FCF Margin (2011 - 2026) Analysis & Trends
Palo Alto Networks' FCF Margin history runs 16 years deep, the most recent figure standing at 14.8% for Q1 2026.
- In Q1 2026, FCF Margin fell 775.0% year-over-year to 14.8%; the TTM figure through Jan 2026 stood at 36.04% (up 183.0% YoY), while the FY2025 annual figure was 37.63%, down 100.0% from the prior year.
- FCF Margin for Q1 2026 stood at 14.8%, down from 68.19% in the prior quarter.
- The five-year high for FCF Margin was 79.29% in Q4 2023, with the low at 14.8% in Q1 2026.
- The 5-year median for FCF Margin is 30.52% (2022), against an average of 37.63%.
- The sharpest annual moves came in 2022 and 2023: FCF Margin soared 3213 bps in 2022, then tumbled 1195 bps in 2023.
- Palo Alto Networks' FCF Margin stood at 76.57% in 2022, then climbed by 4 bps to 79.29% in 2023, then slipped by 14 bps to 68.54% in 2024, then retreated by 1 bps to 68.19% in 2025, then tumbled by 78 bps to 14.8% in 2026.
- Business Quant data shows PANW's FCF Margin at 14.8% in Q1 2026, 68.19% in Q4 2025, and 36.85% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 21.82% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -9.76% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 62.08% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 26.25% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 47.15% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 9.71% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 32.19% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -223.03% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | -114.17% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 46.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 26.25% |
| Jan 31, 2026 | 14.80% |
| Oct 31, 2025 | 68.19% |
| Jul 31, 2025 | 36.85% |
| Apr 30, 2025 | 24.48% |
| Jan 31, 2025 | 22.55% |
| Oct 31, 2024 | 68.54% |
| Jul 31, 2024 | 21.25% |
| Apr 30, 2024 | 24.76% |
| Jan 31, 2024 | 33.15% |
| Oct 31, 2023 | 79.29% |
| Jul 31, 2023 | 19.30% |
| Apr 30, 2023 | 23.30% |
| Jan 31, 2023 | 39.65% |
| Oct 31, 2022 | 76.57% |
| Jul 31, 2022 | 31.25% |
| Apr 30, 2022 | 25.33% |
| Jan 31, 2022 | 30.52% |
| Oct 31, 2021 | 44.44% |
| Jul 31, 2021 | 24.47% |