Which has the lower trailing P/E, AMAT or PANW?

AMAT has the lower trailing P/E: AMAT trades at 40.76 and PANW at 765.86. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AMAT or PANW?

Over the past five years, PANW grew revenue faster — AMAT at a 8.81% CAGR versus PANW at 21.95%.

Does AMAT or PANW pay a bigger dividend?

AMAT pays a dividend (0.40% 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 30.05% versus PANW at 2.67%.

How have AMAT and PANW total returns compared?

Over the past 10 years, AMAT delivered 33.26% and PANW delivered 29.97% 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 September 9, 2026. Differences are shown without an overall score or investment verdict.

AMAT

Applied Materials, Inc.

$372.25B

$468.85TechnologyDelayed quote: Sep 9, 2026, 4:00 PM EDT

PANW

Palo Alto Networks, Inc.

$273.11B

$335.10TechnologyDelayed quote: Sep 9, 2026, 4:00 PM EDT

Total return — AMAT vs PANW

growth of $100 · dividends reinvested · last 10y

AMAT +1653.9% (+33.2%/yr)PANW +1275.4% (+30.0%/yr)AMAT compounded faster over this window

AMAT PANW

AMAT vs PANW: by the numbers

•AMAT is the larger company ($372.25B vs $273.11B market cap).
•AMAT trades at the lower trailing earnings multiple (40.76 vs 765.86 P/E), one valuation lens rather than an overall verdict.
•AMAT converts more revenue to profit (30.05% vs 2.67% net margin).
•PANW grew revenue faster over the past five years (21.95% vs 8.81% CAGR).
•AMAT pays a dividend (0.40% yield), while PANW has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	AMAT	PANW
P/E ratio	40.76	765.86
Forward P/E	36.90	N/A
P/S ratio	12.27	22.43
P/B ratio	14.76	9.36
EV / EBITDA	38.12	149.09
FCF yield	1.49%	1.71%

Profitability

Metric	AMAT	PANW
Gross margin	49.40%	70.36%
Operating margin	30.50%	6.05%
Net margin	30.05%	2.67%
ROE	36.16%	1.12%
ROIC	23.58%	1.03%

Dividends

Metric	AMAT	PANW
Dividend yield	0.40%	N/A
Payout ratio	16.47%	N/A

Growth (annualized)

Metric	AMAT	PANW
Revenue CAGR (5Y)	8.81%	21.95%
EPS CAGR (5Y)	17.13%	N/A
FCF CAGR (5Y)	5.66%	25.30%
Total return CAGR (5Y)	29.84%	34.14%

Frequently asked

Which has the lower trailing P/E, AMAT or PANW?: AMAT has the lower trailing P/E: AMAT trades at 40.76 and PANW at 765.86. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AMAT or PANW?: Over the past five years, PANW grew revenue faster — AMAT at a 8.81% CAGR versus PANW at 21.95%.
Does AMAT or PANW pay a bigger dividend?: AMAT pays a dividend (0.40% 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 30.05% versus PANW at 2.67%.
How have AMAT and PANW total returns compared?: Over the past 10 years, AMAT delivered 33.26% and PANW delivered 29.97% 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 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 Operating Margin 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 September 9, 2026.