Company / Free Cash Flow
Palo Alto Networks Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$3.5B
FY2025
5-year range
$821.3M / $3.5B
FY2021-FY2025
Trend
+11.9%
vs FY2024
Sector context
#19 of 293
Information Technology
What the data says
Among 293 Information Technology companies, Palo Alto Networks is in the top 6% for free cash flow. Free Cash Flow has increased for 3 consecutive years, from $821M in FY2022 to $3.5B in FY2025.
Based on SEC 10-K filings.
$3.5B in FY2025 with a 5-year CAGR of +30.2%. Top quartile in the Information Technology sector.
Improved from $2.6B to $3.5B over the past 2 years.
Information Technology sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +61.7%
- 5-Year CAGR
- +30.2%
- 10-Year CAGR
- -
Sector benchmark
+146.7% above sector average
Key checks
Key Insights
- Palo Alto Networks's free cash flow has grown for 3 consecutive years.
- 5-year CAGR of +30.2%, indicating consistent growth.
- In FY2025, free cash flow increased 11.9% year-over-year.
- Ranks #19 out of 293 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 0.84 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.5B | +11.9% |
| FY2024 | $3.1B | +17.8% |
| FY2023 | $2.6B | +220.4% |
| FY2022 | $821.3M | -11.2% |
| FY2021 | $924.4M | -0.2% |
| FY2020 | $926.1M | +31.3% |
| FY2019 | $705.4M | -23.8% |
| FY2018 | $926.1M | +31.3% |
| FY2017 | $705.4M | +20.4% |
| FY2016 | $586.1M | +83.7% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026