Company / Working Capital
Palo Alto Networks Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$465.2M
FY2025
5-year range
-$1.9B / -$465.2M
FY2021-FY2025
Trend
+44.2%
vs FY2024
Sector context
#299 of 311
Information Technology
What the data says
Among 311 Information Technology companies, Palo Alto Networks is in the bottom 4% for working capital. Working Capital has increased for 3 consecutive years, from -$1.9B in FY2022 to -$465M in FY2025.
Based on SEC 10-K filings.
-$465M in FY2025.
Improved from -$1.7B to -$465M over the past 2 years.
Information Technology sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 4% in Information TechnologyTop 96% of 311This company -$465.2M Sector average $1.7B
▼
-127.1% below sector average
Key checks
Key Insights
- Palo Alto Networks's working capital has grown for 3 consecutive years.
- In FY2025, working capital increased 44.2% year-over-year.
- Ranks #299 out of 311 companies in the Information Technology sector.
- Peak working capital was recorded in FY2020.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$465.2M | +44.2% |
| FY2024 | -$833.0M | +50.7% |
| FY2023 | -$1.7B | +10.7% |
| FY2022 | -$1.9B | -302.9% |
| FY2021 | -$469.4M | -119.3% |
| FY2020 | $2.4B | +51.3% |
| FY2019 | $1.6B | -20.9% |
| FY2018 | $2.0B | +162.8% |
| FY2017 | $775.0M | -16.4% |
| FY2016 | $927.2M | +2118.2% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026