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). See Palo Alto Networks Inc (PANW) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
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 cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
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 PANW stock 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 | — |