Palo Alto Networks Inc (PANW) — Free Cash Flow Generation Index
Palo Alto Networks Inc (PANW) has a Free Cash Flow Generation Index of 0.90x as of April 2026. Free cash flow of $788.00 Million represents 1% of operating cash flow ($871.00 Million). Explore Palo Alto Networks Inc capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see PANW cash flow metrics.
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. Check how aggressively does Palo Alto Networks Inc reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |