Palo Alto Networks Inc (PANW)
Return on assets (ROA)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,133,900 | 1,237,800 | 1,254,500 | 2,734,100 | 2,577,600 | 2,447,600 | 2,276,600 | 613,900 | 439,700 | 215,300 | 34,300 | -143,400 | -267,000 | -389,600 | -461,500 | -510,300 | -498,900 | -438,500 | -368,200 | -299,600 |
| Total assets | US$ in thousands | 23,576,200 | 22,002,800 | 20,951,700 | 20,374,600 | 19,990,900 | 17,930,800 | 18,292,000 | 14,808,500 | 14,501,100 | 14,170,500 | 13,163,400 | 12,543,800 | 12,253,600 | 11,100,000 | 10,400,500 | 10,426,400 | 10,241,600 | 9,562,100 | 9,488,400 | 8,726,500 |
| ROA | 4.81% | 5.63% | 5.99% | 13.42% | 12.89% | 13.65% | 12.45% | 4.15% | 3.03% | 1.52% | 0.26% | -1.14% | -2.18% | -3.51% | -4.44% | -4.89% | -4.87% | -4.59% | -3.88% | -3.43% |
July 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,133,900K ÷ $23,576,200K
= 4.81%
The analysis of Palo Alto Networks Inc.’s return on assets (ROA) over the period from October 2020 to July 2025 reveals a notable transition from negative to positive efficiencies in asset utilization. Initially, the ROA figures indicate a period of consistent losses, with values ranging from approximately -3.43% in October 2020 to a low of -4.89% in October 2021. During this timeframe, the company’s profitability relative to its total assets was negative, reflecting challenges in generating net income from its asset base.
Subsequent quarters demonstrate a gradual and steady improvement in ROA. From late 2021 through the first half of 2023, the figures moved closer to zero, with negative ROA values narrowing to between -1.14% in October 2022 and achieving a positive turn at 0.26% in January 2023. The positive trend continued, reaching 1.52% in April 2023 and further increasing to 3.03% by July 2023, indicating improved asset efficiency and a transition to profitability relative to total assets.
This upward trajectory persisted into late 2023 and early 2024. The ROA surpassed 4% in October 2023 (at 4.15%) and spiked significantly to 12.45% in January 2024. The subsequent quarter maintained a high level of asset efficiency, with an ROA of 13.65%, before a slight decline observed in the following period yet remaining robust at approximately 12.89% in July 2024 and 13.42% in October 2024.
Despite this strong performance, a decrease occurred in early 2025, with ROA figures diminishing to below 6%, specifically 5.99% in January 2025, followed by further declines to 5.63% in April 2025 and 4.81% in July 2025. Overall, the trend demonstrates substantial recovery and growth in asset productivity over the analyzed period, ultimately reflecting improved operational performance and profitability efficiency after a prolonged phase of negative returns.
See also:
Palo Alto Networks Inc Return on Assets (ROA) (Quarterly Data)