Palo Alto Networks Inc (PANW) — Free Cash Flow Generation Index
Palo Alto Networks Inc (PANW) has a Free Cash Flow Generation Index of 1.15x as of January 2026. Free cash flow of $638.00 Million represents 1% of operating cash flow ($554.00 Million). Read total liabilities of Palo Alto Networks Inc for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Palo Alto Networks Inc Free Cash Flow Generation Index (2011–2025)
Historical FCF Generation Index trend for Palo Alto Networks Inc across 15 annual periods. Explore Palo Alto Networks Inc capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Palo Alto Networks Inc (2011–2025)
Year-by-year Free Cash Flow Generation Index for Palo Alto Networks Inc. For the full company profile including market capitalisation, see Palo Alto Networks Inc (PANW) market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.93x | $3.47 Billion | $3.72 Billion | $246.20 Million | ▼ -1.9% |
| 2024 | 0.95x | $3.10 Billion | $3.26 Billion | $156.80 Million | ▲ +0.5% |
| 2023 | 0.95x | $2.63 Billion | $2.78 Billion | $146.30 Million | ▲ +4.9% |
| 2022 | 0.90x | $1.79 Billion | $1.98 Billion | $192.80 Million | ▼ -2.2% |
| 2021 | 0.92x | $1.39 Billion | $1.50 Billion | $116.00 Million | ▲ +16.4% |
| 2020 | 0.79x | $821.30 Million | $1.04 Billion | $214.40 Million | ▼ -9.4% |
| 2019 | 0.88x | $924.40 Million | $1.06 Billion | $131.20 Million | ▼ -1.8% |
| 2018 | 0.89x | $925.00 Million | $1.04 Billion | $112.00 Million | ▲ +9.9% |
| 2017 | 0.81x | $705.10 Million | $868.50 Million | $163.40 Million | ▼ -8.8% |
| 2016 | 0.89x | $585.60 Million | $658.10 Million | $72.50 Million | ▼ -1.5% |
| 2015 | 0.90x | $316.48 Million | $350.30 Million | $33.83 Million | ▲ +52.7% |
| 2014 | 0.59x | $52.30 Million | $88.41 Million | $36.11 Million | ▼ -26.4% |
| 2013 | 0.80x | $92.08 Million | $114.52 Million | $22.44 Million | ▼ -0.9% |
| 2012 | 0.81x | $62.80 Million | $77.37 Million | $14.56 Million | ▲ +36.4% |
| 2011 | 0.60x | $19.10 Million | $32.10 Million | $13.00 Million | — |