Palo Alto Networks vs Twilio
Palo Alto Networks reported revenue of $11.5 billion in fiscal 2026, 2.3 times Twilio's $5.1 billion in fiscal 2025. Palo Alto Networks' revenue grew 24.5% in its latest year, and Twilio's grew 13.7%. Palo Alto Networks had an operating margin of 6.0%, against 3.1% at Twilio. Free cash flow was $4.1 billion at Palo Alto Networks and $997 million at Twilio. Their fiscal years end in different months (July 31 and December 31), so the periods don't line up exactly.
Side by side
| Palo Alto Networks | Twilio | |
|---|---|---|
| Latest fiscal year | FY2026, Jul 31, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $11.5B | $5.1B |
| Revenue growth | 24.5% | 13.7% |
| Revenue growth a year, last 5 years | 22.0% | 23.5% |
| Gross margin | 70.4% | 48.9% |
| Operating margin | 6.0% | 3.1% |
| Net margin | 2.7% | 0.7% |
| Free cash flow | $4.1B | $997M |
| Free cash flow margin | 35.8% | 19.7% |
| Return on capital | 2.6% | 1.5% |
| Net debt to EBITDA | −0.8x | −4.2x |
| Dividends and buybacks | $1.0B | $869M |
| Change in diluted share count | 7.8% | −3.7% |
| Last close | $390.46 | $263.65 |
| P/E at the last close | — | 36.7× |
| Insider trades, last 12 months | bought $10.0 million, sold $133.4 million | sold $619.0 million |
| Piotroski F-score | 4 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Palo Alto NetworksTwilio
Operating margin
Percent of revenue
Palo Alto NetworksTwilio
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Palo Alto NetworksTwilio
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Palo Alto Networks and Twilio pages.