Is AMAT or PANW cheaper?

On trailing earnings, AMAT is cheaper: AMAT trades at a 50.40 P/E and PANW at 281.56.

Which has grown faster, AMAT or PANW?

Over the past five years, PANW grew revenue faster — AMAT at a 9.33% CAGR versus PANW at 21.62%.

Does AMAT or PANW pay a bigger dividend?

AMAT pays a dividend (0.36% yield), while PANW has no payments in the available dividend history.

Is AMAT or PANW more profitable?

AMAT runs the higher net margin — AMAT at 29.31% versus PANW at 7.95%.

How have AMAT and PANW total returns compared?

Over the past 10-year, AMAT delivered 36.62% and PANW delivered 31.09% annualized total return. Past performance doesn't predict future results.

Applied Materials, Inc. (AMAT) vs Palo Alto Networks, Inc. (PANW)

A side-by-side comparison of Applied Materials, Inc. and Palo Alto Networks, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 26, 2026. . Differences are shown without an overall score or investment verdict.

AMAT

Applied Materials, Inc.

$425.76B

$536.25TechnologyAt close: Jul 24, 2026, 4:00 PM ET

PANW

Palo Alto Networks, Inc.

$263.89B

$323.79TechnologyAt close: Jul 24, 2026, 4:00 PM ET

Total return — AMAT vs PANW

growth of $100 · dividends reinvested · last 14y

AMAT +6212.7%PANW +3558.6%AMAT compounded faster

AMAT PANW

AMAT vs PANW: by the numbers

•AMAT is the larger company ($425.76B vs $263.89B market cap).
•AMAT trades at the lower earnings multiple (50.40 vs 281.56 P/E).
•AMAT converts more revenue to profit (29.31% vs 7.95% net margin).
•PANW grew revenue faster over the past five years (21.62% vs 9.33% CAGR).
•AMAT pays a dividend (0.36% yield), while PANW has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	AMAT	PANW
P/E ratio	50.40	281.56
Forward P/E	43.66	85.81
P/S ratio	14.76	22.71
P/B ratio	17.92	8.71
PEG ratio	76.84	4.05
EV / EBITDA	47.37	126.30
FCF yield	1.39%	1.78%

Profitability

Metric	AMAT	PANW
Gross margin	48.96%	71.94%
Operating margin	29.51%	9.65%
Net margin	29.31%	7.95%
ROE	35.58%	3.05%
ROIC	21.96%	5.67%

Dividends

Metric	AMAT	PANW
Dividend yield	0.36%	N/A
Payout ratio	21.93%	N/A

Growth (annualized)

Metric	AMAT	PANW
Revenue CAGR (5Y)	9.33%	21.62%
EPS CAGR (5Y)	17.13%	69.46%
FCF CAGR (5Y)	9.02%	25.30%
Total return CAGR (5Y)	32.20%	37.04%

Frequently asked

Is AMAT or PANW cheaper?: On trailing earnings, AMAT is cheaper: AMAT trades at a 50.40 P/E and PANW at 281.56.
Which has grown faster, AMAT or PANW?: Over the past five years, PANW grew revenue faster — AMAT at a 9.33% CAGR versus PANW at 21.62%.
Does AMAT or PANW pay a bigger dividend?: AMAT pays a dividend (0.36% yield), while PANW has no payments in the available dividend history.
Is AMAT or PANW more profitable?: AMAT runs the higher net margin — AMAT at 29.31% versus PANW at 7.95%.
How have AMAT and PANW total returns compared?: Over the past 10-year, AMAT delivered 36.62% and PANW delivered 31.09% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AMAT analysis Full PANW analysis Interactive comparison tool

Dig into the metrics

Applied Materials P/E ratio Palo Alto Networks P/E ratio Applied Materials dividend yield Palo Alto Networks dividend yield Applied Materials ROE Palo Alto Networks ROE Applied Materials operating margin Palo Alto Networks operating margin Applied Materials revenue growth Palo Alto Networks revenue growth Applied Materials free cash flow Palo Alto Networks free cash flow

Applied Materials & Palo Alto Networks appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 26, 2026.