PerpEquitiesEquity
PANW perpetual futures
Palo Alto Networks, Inc. tracked across crypto venues with normalized contract specs.
Price chart
357.28▲ 8.02%
330.00340.00350.00360.00
Jun 30Jul 1Jul 3Jul 4Jul 6
24/7 perp mark · BingX (PANW-USDT)
Auto: market closed → highest-volume perp venue
Trading data
Perpetual market activity
Venues
4
Live markets
4/4
24h volume
$1.5M
Open interest
$155k
Best liquidity
$633k
Bitget
Tightest spread
+7.3 bps
Bitget
Highest volume
$1.2M
BingX
Settlement mix
USDT · 4/4
Best Liquidity
PANWTightest Spread
PANWHighest Volume
PANWCompany data
Company fundamentals
Market cap
$244.9B
Updated 5h ago
Revenue
$10.6B
Trailing 12 months
Net income
$842.8M
Trailing 12 months
Free cash flow
$4.3B
Trailing 12 months
Profit margin
7.9%
P/E
302.0
P/S
23.1
Revenue estimate
$11.4B
Next fiscal year
Revenue growth
+24%
Next fiscal year
Fundamental detail
Annual + quarterlyLatest revenue$9.2B
Net margin+12.3%
Free cash flow$3.5B
Net debt$-1.9B
PeriodRevenueGrowthNet incomeFCF
2020$3.4B+18%$-267.0M$821.3M
2021$4.3B+25%$-498.9M$1.4B
2022$5.5B+29%$-267.0M$1.8B
2023$6.9B+25%$439.7M$2.6B
2024$8.0B+16%$2.6B$3.1B
2025$9.2B+15%$1.1B$3.5B
PeriodGross marginOperating marginNet marginROEROA
2020+70.7%-5.3%-7.8%-24.2%-2.9%
2021+70.0%-7.1%-11.7%-65.3%-4.9%
2022+68.8%-3.4%-4.9%-127.1%-2.2%
2023+72.3%+5.6%+6.4%+25.1%+3.0%
2024+74.3%+8.5%+32.1%+49.9%+12.9%
2025+73.4%+13.5%+12.3%+14.5%+4.8%
PeriodCashDebtNet debtCurrent ratio
2020$3.0B$3.4B$462.7M1.91
2021$1.9B$3.5B$1.7B0.91
2022$2.1B$4.0B$1.8B0.77
2023$1.1B$2.3B$1.1B0.78
2024$1.5B$1.3B$-190.8M0.89
2025$2.3B$338.2M$-1.9B0.89
PeriodMarket capEnterprise valueP/SP/E
2020$24.8B$25.3B7.3-92.7
2021$38.5B$40.1B9.0-77.3
2022$50.0B$51.8B9.1-188.0
2023$75.8B$76.9B11.0171.2
2024$103.7B$103.5B12.940.2
2025$115.0B$113.1B12.5101.5
PeriodRevenueGrowthNet incomeFCF
Q4 2024$2.2B+12%$357.7M$465.3M
Q1 2025$2.1B+14%$351.0M$1.5B
Q2 2025$2.3B+14%$267.3M$509.4M
Q3 2025$2.3B+15%$262.1M$560.4M
Q4 2025$2.5B+16%$253.8M$1.2B
Q1 2026$2.5B+16%$334.0M$1.7B
Q2 2026$2.6B+15%$432.0M$638.0M
Q3 2026$3.0B+31%$-177.0M$788.0M
PeriodGross marginOperating marginNet marginROEROA
Q4 2024+73.8%+10.9%+16.3%+6.9%+1.8%
Q1 2025+74.1%+13.4%+16.4%+5.9%+1.7%
Q2 2025+73.5%+10.6%+11.8%+4.2%+1.3%
Q3 2025+72.9%+9.6%+11.5%+3.6%+1.2%
Q4 2025+73.2%+19.6%+10.0%+3.2%+1.1%
Q1 2026+74.2%+12.5%+13.5%+3.9%+1.4%
Q2 2026+73.6%+15.4%+16.7%+4.6%+1.7%
Q3 2026+67.6%-6.1%-5.9%-0.6%-0.4%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$1.5B$1.3B$-190.8M0.89
Q1 2025$2.3B$1.0B$-1.3B0.84
Q2 2025$2.2B$896.8M$-1.3B0.84
Q3 2025$2.4B$806.0M$-1.6B0.90
Q4 2025$2.3B$417.4M$-1.9B0.89
Q1 2026$3.1B$692.0M$-2.4B0.93
Q2 2026$4.2B$372.0M$-3.8B1.04
Q3 2026$2.4B$2.1B$-293.0M0.86
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$114.9B$114.7B52.579.6
Q1 2025$117.8B$116.5B55.183.4
Q2 2025$121.6B$120.3B53.9112.5
Q3 2025$124.3B$122.7B54.3119.8
Q4 2025$116.2B$114.3B45.8114.2
Q1 2026$149.5B$147.2B60.4112.4
Q2 2026$123.0B$119.2B47.472.5
Q3 2026$130.7B$130.4B43.5-154.6
Refreshed 5h ago
Research data
Estimates, events and peers
Estimates
6 periodsFY 2026$11.4B+24%37 analysts
FY 2027$13.8B+50%39 analysts
FY 2028$15.8B+71%35 analysts
FY 2029$18.5B+101%17 analysts
FY 2030$19.0B+106%31 analysts
Q4 2026$3.2B+27%26 analysts
Events
Earnings · dividends · splits2026-08-17EarningsRevenue est. $3.3B
2026-06-02EarningsRevenue est. $2.9B
2026-02-17EarningsRevenue est. $2.6B
2025-11-19EarningsRevenue est. $2.5B
2025-08-18EarningsRevenue est. $2.5B
2025-05-20EarningsRevenue est. $2.3B