Is APP or PANW cheaper?

On trailing earnings, APP is cheaper: APP trades at a 40.33 P/E and PANW at 249.04.

Which has grown faster, APP or PANW?

Over the past five years, APP grew revenue faster — APP at a 27.99% CAGR versus PANW at 21.62%.

Is APP or PANW more profitable?

APP runs the higher net margin — APP at 64.29% versus PANW at 7.95%.

Which has been the better investment, APP or PANW?

Over the past 5-year, APP delivered the higher annualized total return — APP at 42.36% versus PANW at 30.01%. Past performance doesn't predict future results.

AppLovin Corporation (APP) vs Palo Alto Networks, Inc. (PANW)

APP leads on 14 of 16 compared metrics.

A side-by-side comparison of AppLovin Corporation and Palo Alto Networks, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 23, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Palo Alto Networks, Inc.

$195.18B

$286.40Technology

Total return — APP vs PANW

growth of $100 · last 5y

APP +619.9%PANW +364.0%APP compounded faster

APP PANW

APP vs PANW: by the numbers

•PANW is the larger company ($195.18B vs $157.69B market cap).
•APP trades at the lower earnings multiple (40.33 vs 249.04 P/E).
•APP converts more revenue to profit (64.29% vs 7.95% net margin).
•APP grew revenue faster over the past five years (27.99% vs 21.62% CAGR).

Which is better, APP or PANW?

Metric tally: APP 14 · PANW 2

It depends on what you're optimizing for:

ValueAPP(lower P/E)

GrowthAPP(faster 5Y revenue CAGR)

QualityAPP(higher ROIC)

Metrics side by side

Valuation

Metric	APP	PANW
P/E ratio	40.33●	249.04
Forward P/E	21.92●	70.10
P/S ratio	25.79	20.09●
P/B ratio	67.27	7.70●
PEG ratio	0.62●	3.59
EV / EBITDA	32.32●	93.38
FCF yield	2.77%●	2.01%

Profitability

Metric	APP	PANW
Gross margin	88.37%●	71.94%
Operating margin	77.09%●	9.65%
Net margin	64.29%●	7.95%
ROE	167.67%●	3.05%
ROIC	60.71%●	5.67%

Growth (annualized)

Metric	APP	PANW
Revenue CAGR (5Y)	27.99%●	21.62%
EPS CAGR (5Y)	73.54%●	69.46%
FCF CAGR (5Y)	79.57%●	25.30%
Total return CAGR (5Y)	42.36%●	36.30%

Frequently asked

Which is better, APP or PANW?: It depends on your goal. value: APP (lower P/E); growth: APP (faster 5Y revenue CAGR); quality: APP (higher ROIC). Across all compared metrics, APP leads 14 to 2.
Is APP or PANW cheaper?: On trailing earnings, APP is cheaper: APP trades at a 40.33 P/E and PANW at 249.04.
Which has grown faster, APP or PANW?: Over the past five years, APP grew revenue faster — APP at a 27.99% CAGR versus PANW at 21.62%.
Is APP or PANW more profitable?: APP runs the higher net margin — APP at 64.29% versus PANW at 7.95%.
Which has been the better investment, APP or PANW?: Over the past 5-year, APP delivered the higher annualized total return — APP at 42.36% versus PANW at 30.01%. Past performance doesn't predict future results.

Go deeper

Full APP analysis Full PANW analysis Interactive comparison tool

Dig into the metrics

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

AppLovin & 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 June 23, 2026.