Palo Alto Networks Inc (PANW) — Tangible Net Worth Ratio
Palo Alto Networks Inc (PANW) has a Tangible Net Worth Ratio of 73.7% as of April 2026. This metric is calculated by deducting intangible assets ($7.28 Billion) from net assets ($27.67 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. Also explore net asset momentum of Palo Alto Networks Inc to track the company's year-over-year net asset growth rate.
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 April 2026, the ratio stands at 73.7%, reflecting net assets of $27.67 Billion with intangible assets of $7.28 Billion USD. For live market cap and overall valuation, see market value of Palo Alto Networks Inc.
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. Explore Palo Alto Networks Inc (PANW) capital reinvestment to see what proportion of operating cash flow is directed to capital expenditures.
| 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 | — |