Palo Alto Networks PANW

Palo Alto Networks trades at 22.9x EV/NTM revenue on a $299.73B enterprise value. Revenue grew 31.1% year over year to $3.0B in the quarter ending April 2026, an annual run rate of $12.01B. Palo Alto Networks reports a 67.6% gross margin and 13.4-month CAC payback.

ARR ($M)
6528
Net Dollar Retention
--
ARR Growth
32.2%
EV / NTM Revenue
22.9x
Payback Period
13.4
EV / Run Rate
25.0x
Price & Key Metrics
Price Performance
Company Details
Share Price: 371.59
Last Filing Date: 2026-04-30
Fiscal Year End: 07-31
Last Filing: Form
Founding Year: 2005
IPO Year: 2012
% of 52 wk High: 94%
Description
Palo Alto Network core products are a platform that includes advanced firewalls and cloud-based offerings that extend those firewalls to cover other aspects of security.
Categories
Cybersecurity Security Infrastructure Software Enterprise Software B2B SaaS High Growth SaaS
Valuation
Market Cap: 302,845.85
Enterprise Value: 299,734.85
EV / Revenue Run Rate: 25.0x
EV / NTM Revenue: 22.9x
EV / 2026 Revenue Estimates: 24.7x
EV / 2027 Revenue Estimates: 20.9x
EV / 2028 Revenue Estimates: 17.8x
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: 6,528
ARR Growth %: 32%
ARR/Customer ($K): --
ARR/Employee ($K): 303
Revenue
Revenue Run Rate: 12,008
ARR: 6,528
2026 Revenue Estimates: 12,156
2027 Revenue Estimates: 14,373
2028 Revenue Estimates: 16,812
LTM Revenue: 10,606
Last Year Run Rate: 9,156
Growth
Revenue Growth: 31%
ARR Growth: 32%
Growth Persistence: 203%
2026 Revenue Growth Estimates: 21%
2027 Revenue Growth Estimates: 18%
2028 Revenue Growth Estimates: 17%
High Growth SaaS Matrix
Annual Run Rate ($) Revenue Growth Gross Margin Net Dollar Retention LTM CAC Payback Period (months) Rule of 40 (LTM FCF)

12,008.0
 
 
74%
 
 
84%
 
 
129%
 
 
10.23
 
 
92%
 
 
4,485.0
 
 
48%
 
 
76%
 
 
125%
 

14.1
 

66%
 
 
1,709.0
 
 
37%
 
 
69%
 
 
119%
 
 
24.24
 
 
56%
 
 
851.0
 
 
33%

64%
 
 
114%
 
 
28.86
 
 
46%
 
 
Palo Alto Networks
 
12,008
 
31%
 
68%
 
 
13.41
 
67%
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is Palo Alto Networks growing?

Palo Alto Networks grew revenue 31.1% year over year, reaching $3.0B in the quarter ending April 2026.

What multiple does Palo Alto Networks trade at?

Palo Alto Networks trades at 22.9x EV/NTM revenue and 25.0x EV/run-rate, on an enterprise value of $299.73B.

Is Palo Alto Networks profitable?

For Palo Alto Networks, operating income was -$183.0M last quarter and LTM free cash flow margin is 35.8%.

How long does it take Palo Alto Networks to pay back CAC?

Palo Alto Networks recovers customer acquisition cost in about 13.4 months.

What sector is Palo Alto Networks in?

Public Comps classifies Palo Alto Networks under Cybersecurity, Security, Infrastructure Software, Enterprise Software, B2B SaaS, and High Growth SaaS.

Where does Public Comps get Palo Alto Networks's data?

Figures come from Palo Alto Networks's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.