Palo Alto Networks (PANW) Return on Capital Employed [ROCE] (2012 - 2026)
Palo Alto Networks (PANW) reported Return on Capital Employed [ROCE] of 1.86% for fiscal Q4 2026 (quarter ended Jul 31, 2026), down 6.54 percentage points from 8.40% a year earlier and down 1.98 percentage points from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Return on Capital Employed [ROCE] (2012 - 2026) Analysis & Trends
For FY2026 (ended Jul 31, 2026), Palo Alto Networks posted Return on Capital Employed [ROCE] of 2.66%, down 6.35 percentage points from FY2025.
- Return on Capital Employed [ROCE] has a five-year change of +9.37 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Capital Employed [ROCE] came in at 9.01% in FY2025 (+1.86 pp), 7.15% in FY2024 (+0.29 pp), 6.87% in FY2023 (+13.29 pp) and -6.42% in FY2022 (+0.28 pp).
- The fiscal Q4 2026 figure ranks as the lowest quarterly Return on Capital Employed [ROCE] since fiscal Q2 2023.
- Year over year, Return on Capital Employed [ROCE] gained in five of the last eight quarters, with an average year-over-year change of -0.65 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was fiscal Q3 2023 (a gain of 11.58 percentage points); the low point was fiscal Q1 2022 (a drop of 7.99 percentage points).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at 3.83% (Q3 2026), 8.75% (Q2 2026) and 7.84% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.64 Bn | 241.72 Bn | 2.30 Bn | 1.86% |
| 2 | CrowdStrike Holdings | 232.35 Bn | 212.75 Bn | 1.10 Bn | -1.66% |
| 3 | Fortinet | 123.26 Bn | 109.19 Bn | 1.64 Bn | 44.16% |
| 4 | Snowflake | 108.15 Bn | 95.47 Bn | 1.04 Bn | -25.24% |
| 5 | Datadog | 88.38 Bn | 70.02 Bn | 881.34 Mn | 0.30% |
| 6 | Zscaler | 32.92 Bn | 19.04 Bn | - | - |
| 7 | Okta | 32.82 Bn | 22.92 Bn | 641.00 Mn | 3.21% |
| 8 | Axon Enterprise | 32.21 Bn | 26.73 Bn | 546.45 Mn | 0.40% |
| 9 | MongoDB | 27.08 Bn | 17.55 Bn | 569.77 Mn | -0.47% |
| 10 | F5 | 25.16 Bn | 19.57 Bn | 711.51 Mn | 16.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.86% |
| Apr 30, 2026 | 3.83% |
| 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% |
API Access
Palo Alto Networks Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();