Palo Alto Networks Inc Free Cash Flow Generation Index

Latest as of July 2026: 0.94x

Palo Alto Networks Inc free cash flow generation index. Palo Alto Networks Inc (PANW) has a Free Cash Flow Generation Index of 0.94x as of July 2026. Free cash flow of $1.27 Billion represents 1% of operating cash flow ($1.36 Billion).

FCF Generation Index

0.94x
Free Cash Flow / Operating CF

Free Cash Flow

$1.27 Billion
USD

Operating Cash Flow

$1.36 Billion
USD

Capital Expenditures

$84.00 Million
USD

Free Cash Flow Generation Index of Palo Alto Networks Inc (2011–2026)

Free cash flow generation index of Palo Alto Networks Inc from 2011 to 2026. Historical FCF Generation Index trend for Palo Alto Networks Inc across 16 annual periods. See Palo Alto Networks Inc leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.

Palo Alto Networks Inc Free Cash Flow Generation Index by Year (2011–2026)

Palo Alto Networks Inc free cash flow generation index by year from 2011 to 2026. Year-by-year Free Cash Flow Generation Index for Palo Alto Networks Inc. For the full cash flow conversion analysis, see PANW cash flow metrics.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2026 1.00x $4.55 Billion $4.55 Billion $440.00 Million ▲ +7.1%
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 —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).