Palo Alto Networks (PANW) Return on Capital Employed (2012 - 2026)

Palo Alto Networks' (PANW) quarterly Return on Capital Employed came in at 8.75% in Q1 2026, up 157.0% year-on-year from 3.41% in Q1 2025, and up 11.56% quarter-over-quarter from 7.84% in Q4 2025.

Palo Alto Networks (PANW) Return on Capital Employed (2012 - 2026) Analysis & Trends

Palo Alto Networks' Return on Capital Employed history runs 15 years deep, the most recent figure standing at 8.75% for Q1 2026.

  • On a quarterly basis, Return on Capital Employed rose 157.0% year-over-year to 8.75% in Q1 2026; TTM through Jan 2026 was 8.75%, a 157.0% increase from a year earlier, with the FY2025 full-year figure at 9.01%, up 186.0% from the prior year.
  • Return on Capital Employed improved to 8.75% in Q1 2026 per PANW's latest filing, from 7.84% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 8.75% in Q1 2026 and bottomed at 10.89% in Q1 2022.
  • The 5-year median for Return on Capital Employed is 6.06% (2024), against an average of 3.22%.
  • Across the five-year window, Return on Capital Employed sank 650 bps in 2022 and surged 1158 bps in 2023, its largest moves.
  • Year by year, Return on Capital Employed stood at 2.16% in 2022, then soared by 480 bps to 8.22% in 2023, then declined by 28 bps to 5.91% in 2024, then jumped by 33 bps to 7.84% in 2025, then advanced by 12 bps to 8.75% in 2026.
  • Per Business Quant, the three latest PANW Return on Capital Employed figures stand at 8.75% (Q1 2026), 7.84% (Q4 2025), and 8.4% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Microsoft 2,834.76 Bn 2,710.32 Bn 56.06 Bn 27.43%
2 PagSeguro Digital 2,643.44 Bn 2,643.44 Bn 358.92 Mn 54.07%
3 Oracle 345.72 Bn 314.37 Bn - 9.73%
4 Repay Holdings 297.29 Bn 297.14 Bn - -
5 Palantir Technologies 295.33 Bn 287.41 Bn 1.42 Bn 24.39%
6 Pagaya Technologies 249.07 Bn 249.08 Bn 140.38 Mn -
7 Palo Alto Networks 228.92 Bn 224.38 Bn 1.91 Bn 8.75%
8 CrowdStrike Holdings 183.84 Bn 180.79 Bn 993.68 Mn -4.62%
9 Fortinet 111.23 Bn 107.94 Bn 1.49 Bn 40.10%
10 Cloudflare 92.51 Bn 91.57 Bn 455.60 Mn -5.85%

Historic Data

Download Data
DateValue
Jan 31, 2026 8.75%
Oct 31, 2025 7.84%
Jul 31, 2025 8.40%
Apr 30, 2025 7.15%
Jan 31, 2025 7.19%
Oct 31, 2024 5.91%
Jul 31, 2024 6.06%
Apr 30, 2024 6.34%
Jan 31, 2024 6.84%
Oct 31, 2023 8.22%
Jul 31, 2023 5.87%
Apr 30, 2023 2.97%
Jan 31, 2023 0.52%
Oct 31, 2022 -2.16%
Jul 31, 2022 -5.60%
Apr 30, 2022 -8.61%
Jan 31, 2022 -10.89%
Oct 31, 2021 -10.73%
Jul 31, 2021 -6.36%
Apr 30, 2021 -4.01%