Palo Alto Networks Inc (PANW) — Tangible Net Worth Ratio
Palo Alto Networks Inc (PANW) has a Tangible Net Worth Ratio of 86.7% as of January 2026. This metric is calculated by deducting intangible assets ($1.25 Billion) from net assets ($9.39 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Palo Alto Networks Inc current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Palo Alto Networks Inc Tangible Net Worth Ratio (2012–2025)
This chart shows how Palo Alto Networks Inc's Tangible Net Worth Ratio has changed across 14 annual periods from 2012 to 2025. As of January 2026, the ratio stands at 86.7%, reflecting net assets of $9.39 Billion with intangible assets of $1.25 Billion USD. See Palo Alto Networks Inc (PANW) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Palo Alto Networks Inc (2012–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Palo Alto Networks Inc from 2012 to 2025, covering 14 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see PANW stock market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 90.3% | $7.82 Billion | $762.70 Million | $23.58 Billion | ▼ -2.5 pp |
| 2024 | 92.7% | $5.17 Billion | $374.90 Million | $19.99 Billion | ▲ +10.8 pp |
| 2023 | 82.0% | $1.75 Billion | $315.40 Million | $14.50 Billion | ▲ +165.1 pp |
| 2022 | -83.1% | $210.00 Million | $384.50 Million | $12.25 Billion | ▼ -117.8 pp |
| 2021 | 34.7% | $763.60 Million | $498.60 Million | $10.24 Billion | ▼ -32.8 pp |
| 2020 | 67.5% | $1.10 Billion | $358.20 Million | $9.07 Billion | ▼ -14.8 pp |
| 2019 | 82.3% | $1.59 Billion | $280.60 Million | $6.59 Billion | ▼ -3.4 pp |
| 2018 | 85.8% | $988.30 Million | $140.80 Million | $5.82 Billion | ▼ -7.2 pp |
| 2017 | 92.9% | $759.60 Million | $53.70 Million | $3.44 Billion | ▼ -1.5 pp |
| 2016 | 94.4% | $789.90 Million | $44.00 Million | $2.76 Billion | ▲ +3.6 pp |
| 2015 | 90.9% | $575.82 Million | $52.66 Million | $1.97 Billion | ▲ +1.1 pp |
| 2014 | 89.8% | $468.58 Million | $47.95 Million | $1.48 Billion | ▼ -9.7 pp |
| 2013 | 99.5% | $272.42 Million | $1.36 Million | $585.61 Million | ▼ -0.3 pp |
| 2012 | 99.8% | $229.07 Million | $483.00K | $407.80 Million | — |