Palo Alto Networks (PANW) Return on Invested Capital [ROIC] (2015 - 2025)
Palo Alto Networks (PANW) posted Return on Invested Capital [ROIC] of 11.44% for fiscal Q4 2025 (quarter ended Jul 31, 2025), down 0.19 percentage points from 11.63% a year earlier and down 1.25 percentage points from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Return on Invested Capital [ROIC] (2015 - 2025) Analysis & Trends
For FY2025 (ended Jul 31, 2025), Palo Alto Networks' Return on Invested Capital [ROIC] came in at 12.66%, down 1.20 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +25.97 percentage points (FY2020 to FY2025).
- In prior fiscal years, Palo Alto Networks' Return on Invested Capital [ROIC] was 13.86% in FY2024 (+5.97 pp), 7.89% in FY2023 (+14.10 pp), -6.21% in FY2022 (+12.25 pp) and -18.46% in FY2021 (-5.14 pp).
- The fiscal Q4 2025 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since fiscal Q1 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in seven of the last eight quarters, with an average year-over-year change of +5.30 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was fiscal Q1 2024, with a gain of 13.52 percentage points; the weakest was fiscal Q4 2025, with a drop of 0.19 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior fiscal quarters was 12.69% (Q3 2025), 13.90% (Q2 2025) and 11.90% (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.79 Bn | 240.86 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 231.52 Bn | 211.92 Bn | 1.10 Bn | -2.11% |
| 3 | Fortinet | 122.96 Bn | 108.89 Bn | 1.64 Bn | 111.71% |
| 4 | Snowflake | 107.47 Bn | 94.79 Bn | 1.04 Bn | - |
| 5 | Datadog | 88.02 Bn | 69.66 Bn | 881.34 Mn | - |
| 6 | Zscaler | 32.91 Bn | 19.03 Bn | - | - |
| 7 | Okta | 32.75 Bn | 22.84 Bn | 641.00 Mn | 2.98% |
| 8 | Axon Enterprise | 32.06 Bn | 26.58 Bn | 546.45 Mn | 0.45% |
| 9 | MongoDB | 26.91 Bn | 17.38 Bn | 569.77 Mn | - |
| 10 | F5 | 25.08 Bn | 19.49 Bn | 711.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2025 | 11.44% |
| Apr 30, 2025 | 12.69% |
| Jan 31, 2025 | 13.90% |
| Oct 31, 2024 | 11.90% |
| Jul 31, 2024 | 11.63% |
| Apr 30, 2024 | 11.84% |
| Jan 31, 2024 | 11.67% |
| Oct 31, 2023 | 11.27% |
| Jul 31, 2023 | 6.95% |
| Apr 30, 2023 | 2.58% |
| Jan 31, 2023 | 0.22% |
| Oct 31, 2022 | -2.25% |
| Jul 31, 2022 | -4.78% |
| Apr 30, 2022 | -6.78% |
| Jan 31, 2022 | -8.20% |
| Oct 31, 2021 | -10.72% |
| Jul 31, 2019 | -3.38% |
| Apr 30, 2019 | -1.91% |
| Jan 31, 2019 | -3.95% |
| Oct 31, 2018 | -5.17% |
API Access
Palo Alto Networks Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();