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

IBM has the lower trailing P/E: IBM trades at 20.04 and PANW at 273.17. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, IBM or PANW?

Over the past five years, PANW grew revenue faster — IBM at a 1.13% CAGR versus PANW at 21.62%.

Does IBM or PANW pay a bigger dividend?

IBM pays a dividend (2.97% yield), while PANW has no payments in the available dividend history.

Is IBM or PANW more profitable?

IBM runs the higher net margin — IBM at 15.52% versus PANW at 7.95%.

How have IBM and PANW total returns compared?

Over the past 10 years, IBM delivered 8.41% and PANW delivered 30.58% annualized total return. Past performance doesn't predict future results.

International Business Machines Corporation (IBM) vs Palo Alto Networks, Inc. (PANW)

A side-by-side comparison of International Business Machines Corporation and Palo Alto Networks, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 30, 2026. Differences are shown without an overall score or investment verdict.

IBM

International Business Machines Corporation

$208.82B

$221.65TechnologyDelayed quote: Jul 30, 2026, 12:45 PM EDT

PANW

Palo Alto Networks, Inc.

$261.11B

$320.39TechnologyDelayed quote: Jul 30, 2026, 12:45 PM EDT

Total return — IBM vs PANW

growth of $100 · dividends reinvested · last 14y

IBM +115.7%PANW +3449.7%PANW compounded faster

Log scale — wide-divergence pair

IBM PANW

IBM vs PANW: by the numbers

•PANW is the larger company ($261.11B vs $208.82B market cap).
•IBM trades at the lower trailing earnings multiple (20.04 vs 273.17 P/E), one valuation lens rather than an overall verdict.
•IBM converts more revenue to profit (15.52% vs 7.95% net margin).
•PANW grew revenue faster over the past five years (21.62% vs 1.13% CAGR).
•IBM pays a dividend (2.97% yield), while PANW has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	IBM	PANW
P/E ratio	20.04	273.17
Forward P/E	18.36	83.25
P/S ratio	3.12	22.04
P/B ratio	6.26	8.45
PEG ratio	0.35	3.93
EV / EBITDA	16.91	122.54
FCF yield	6.76%	1.84%

Profitability

Metric	IBM	PANW
Gross margin	58.43%	71.94%
Operating margin	17.86%	9.65%
Net margin	15.52%	7.95%
ROE	31.13%	3.05%
ROIC	10.37%	5.67%

Dividends

Metric	IBM	PANW
Dividend yield	2.97%	N/A
Payout ratio	59.24%	N/A

Growth (annualized)

Metric	IBM	PANW
Revenue CAGR (5Y)	1.13%	21.62%
EPS CAGR (5Y)	12.59%	69.46%
FCF CAGR (5Y)	-5.01%	25.30%
Total return CAGR (5Y)	15.24%	36.42%

Frequently asked

Which has the lower trailing P/E, IBM or PANW?: IBM has the lower trailing P/E: IBM trades at 20.04 and PANW at 273.17. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, IBM or PANW?: Over the past five years, PANW grew revenue faster — IBM at a 1.13% CAGR versus PANW at 21.62%.
Does IBM or PANW pay a bigger dividend?: IBM pays a dividend (2.97% yield), while PANW has no payments in the available dividend history.
Is IBM or PANW more profitable?: IBM runs the higher net margin — IBM at 15.52% versus PANW at 7.95%.
How have IBM and PANW total returns compared?: Over the past 10 years, IBM delivered 8.41% and PANW delivered 30.58% annualized total return. Past performance doesn't predict future results.

Go deeper

Full IBM analysis Full PANW analysis Interactive comparison tool

Dig into the metrics

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

International Business Machines & Palo Alto Networks appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Fastest Revenue Growth Stocks Highest ROE 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 30, 2026.