Palo Alto Networks (PANW) Debt/Equity Ratio: History & Chart

Palo Alto Networks, Inc.(PANW)

Software - Infrastructure · Santa Clara, CA

$332.68-0.58 (-0.17%)

Delayed quote: Sep 8, 2026, 11:05 AM EDT

About Palo Alto Networks, Inc.

Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls. It also offers Panorama, a sophisticated security management platform designed for centralized control of these firewall deployments, whether they are physical appliances, virtual instances, or situated in public or private cloud environments. Additionally, the firm provides virtual system upgrades to enhance the capacity of its physical firewall units. Complementing its core products, Palo Alto Networks delivers an extensive range of subscription services. These encompass robust threat prevention, protection against malware and advanced persistent threats, URL filtering, and security for both laptop and mobile devices. Further specialized subscriptions include DNS security, Internet of Things (IoT) security, SaaS security (via API and inline methods), threat intelligence, and data loss prevention. Beyond its product and subscription offerings, the company extends various expert services, such as cloud security, secure access solutions, security analytics and automation tools, and specialized cybersecurity consulting, often integrated with threat intelligence. Its professional services cover critical areas like architectural design and planning, system implementation, configuration, and seamless firewall migration. Educational resources, including certifications and both online and in-classroom training, are also available, alongside comprehensive support services. Palo Alto Networks distributes its security solutions both directly and through an extensive network of channel partners. Its diverse clientele primarily comprises medium to large-scale enterprises, service providers, and governmental organizations across a wide array of industries. These sectors include education, energy, financial services, healthcare, internet and media, manufacturing, the broader public sector, and telecommunications. Established in 2005, Palo Alto Networks maintains its corporate headquarters in Santa Clara, California.

Santa Clara, CA

21,491 employees

www.paloaltonetworks.com

Technology / Software - Infrastructure

Sector: Technology
Industry: Software - Infrastructure
CEO: Nikesh Arora

View full financials

PANW Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

0.09

DEBT TO EQUITY RATIO AVG TTM

0.07

DEBT TO EQUITY RATIO AVG 3Y

0.17

DEBT TO EQUITY RATIO AVG 5Y

2.35

DEBT TO EQUITY RATIO AVG 10Y

1.34

DEBT TO EQUITY RATIO AVG 15Y

0.66

DEBT TO EQUITY RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+34.28%

CURRENT VS 3Y AVG

-46.47%

CURRENT VS 5Y AVG

-96.13%

CURRENT VS 10Y AVG

-93.24%

CURRENT VS 15Y AVG

-86.30%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · TECHNOLOGY

0.33

median of 186 covered companies

CURRENT VS SECTOR MEDIAN

-72.44%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Palo Alto Networks, Inc. (PANW)	$271.13B	0.09	0.07	0.17	2.35
Arm Holdings plc American Depositary Shares (ARM)vs ›	$276.92B	0.06	0.06	0.05	0.05
Sandisk Corporation (SNDK)vs ›	$263.25B	0.02	0.02	0.11	0.10
Arista Networks, Inc. (ANET)vs ›	$249.29B	0.00	0.00	0.00	0.01
SAP SE (SAP)vs ›	$246.47B	0.22	0.21	0.23	0.31
KLA Corporation (KLAC)vs ›	$246.23B	0.97	1.14	1.59	2.04
Texas Instruments Incorporated (TXN)vs ›	$237.20B	0.78	0.92	0.80	0.77
International Business Machines Corporation (IBM)vs ›	$218.68B	1.89	2.10	2.33	2.57
CrowdStrike Holdings, Inc. (CRWD)vs ›	$212.58B	0.16	0.21	0.33	0.49
Amphenol Corporation (APH)vs ›	$205.08B	1.21	0.95	0.79	0.79

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Palo Alto Networks, Inc. (PANW)

$271.13B

0.09

0.07

0.17

2.35

Arm Holdings plc American Depositary Shares (ARM)vs ›

$276.92B

0.06

0.05

Sandisk Corporation (SNDK)vs ›

$263.25B

0.02

0.11

0.10

Arista Networks, Inc. (ANET)vs ›

$249.29B

0.00

0.01

SAP SE (SAP)vs ›

$246.47B

0.22

0.21

0.23

0.31

KLA Corporation (KLAC)vs ›

$246.23B

0.97

1.14

1.59

2.04

Texas Instruments Incorporated (TXN)vs ›

$237.20B

0.78

0.92

0.80

0.77

International Business Machines Corporation (IBM)vs ›

$218.68B

1.89

2.10

2.33

2.57

CrowdStrike Holdings, Inc. (CRWD)vs ›

$212.58B

0.16

0.21

0.33

0.49

Amphenol Corporation (APH)vs ›

$205.08B

1.21

0.95

0.79

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Palo Alto Networks, Inc. (PANW)?

The debt to equity ratio for PANW stock is 0.09.

Is Palo Alto Networks, Inc.'s debt to equity ratio high or low?

The debt to equity ratio of 0.09 is 96% below its 5-year average of 2.35, near the low end of its 5-year range (0.04–33.58).

What is the TTM average debt to equity ratio for Palo Alto Networks, Inc. (PANW)?

The TTM average debt to equity ratio for PANW stock is 0.07.

What is the 3Y average debt to equity ratio for Palo Alto Networks, Inc. (PANW)?

The 3Y average debt to equity ratio for PANW stock is 0.17.

What is the 5Y average debt to equity ratio for Palo Alto Networks, Inc. (PANW)?

The 5Y average debt to equity ratio for PANW stock is 2.35.

What is the 10Y average debt to equity ratio for Palo Alto Networks, Inc. (PANW)?

The 10Y average debt to equity ratio for PANW stock is 1.34.

What is the 15Y average debt to equity ratio for Palo Alto Networks, Inc. (PANW)?

The 15Y average debt to equity ratio for PANW stock is 0.66.

DATE	DEBT TO EQUITY RATIO
2026-07-31	0.09
2026-04-30	0.07
2026-01-31	0.04
2025-10-31	0.08
2025-07-31	0.05
2025-04-30	0.11
2025-01-31	0.14
2024-10-31	0.17
2024-07-31	0.26
2024-04-30	0.34
2024-01-31	0.50
2023-10-31	1.02
2023-07-31	1.30
2023-04-30	3.20
2023-01-31	5.42
2022-10-31	7.80
2022-07-31	18.82
2022-04-30	11.70
2022-01-31	33.58
2021-10-31	7.65
2021-07-31	4.64
2021-04-30	3.52
2021-01-31	2.90
2020-10-31	4.61
2020-07-31	3.10
2020-04-30	2.45
2020-01-31	1.13
2019-10-31	1.20
2019-07-31	0.90
2019-04-30	1.08
2019-01-31	1.45
2018-10-31	1.29
2018-07-31	1.94
2018-04-30	0.73
2018-01-31	0.81
2017-10-31	0.75
2017-07-31	0.69
2017-04-30	0.64
2017-01-31	0.59
2016-10-31	0.55
2016-07-31	0.64
2016-04-30	0.69
2016-01-31	0.74
2015-10-31	0.79
2015-07-31	0.85
2015-04-30	0.88
2015-01-31	0.92
2014-10-31	0.96
2014-07-31	1.00
2014-04-30	0.00
2014-01-31	0.00
2013-10-31	0.00
2013-07-31	0.00
2013-04-30	0.00
2013-01-31	0.00
2012-10-31	0.00
2012-07-31	0.00
2012-04-30	0.00
2012-01-31	0.00
2011-10-31	0.00
2011-07-31	0.00
2011-04-30	0.00

DATE

DEBT TO EQUITY RATIO

2026-07-31

0.09

2026-04-30

0.07

2026-01-31

0.04

2025-10-31

0.08

2025-07-31

0.05

2025-04-30

0.11

2025-01-31

0.14

2024-10-31

0.17

2024-07-31

0.26

2024-04-30

0.34

2024-01-31

0.50

2023-10-31

1.02

2023-07-31

1.30

2023-04-30

3.20

2023-01-31

5.42

2022-10-31

7.80

2022-07-31

18.82

2022-04-30

11.70

2022-01-31

33.58

2021-10-31

7.65

2021-07-31

4.64

2021-04-30

3.52

2021-01-31

2.90

2020-10-31

4.61

2020-07-31

3.10

2020-04-30

2.45

2020-01-31

1.13

2019-10-31

1.20

2019-07-31

0.90

2019-04-30

1.08

2019-01-31

1.45

2018-10-31

1.29

2018-07-31

1.94

2018-04-30

0.73

2018-01-31

0.81

2017-10-31

0.75

2017-07-31

0.69

2017-04-30

0.64

2017-01-31

0.59

2016-10-31

0.55

2016-07-31

0.64

2016-04-30

0.69

2016-01-31

0.74

2015-10-31

0.79

2015-07-31

0.85

2015-04-30

0.88

2015-01-31

0.92

2014-10-31

0.96

2014-07-31

1.00

2014-04-30

0.00

2014-01-31

0.00

2013-10-31

0.00

2013-07-31

0.00

2013-04-30

0.00

2013-01-31

0.00

2012-10-31

0.00

2012-07-31

0.00

2012-04-30

0.00

2012-01-31

0.00

2011-10-31

0.00

2011-07-31

0.00

2011-04-30

0.00

Debt to Equity Ratio: 0.09

PANW Debt to Equity Ratio

PANW Average Debt to Equity Ratio Chart

PANW Current vs Average Debt to Equity Ratio Chart

PANW Debt to Equity Ratio Metrics

PANW Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

PANW Debt to Equity Ratio History

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