Bullish vs Palo Alto Networks
Bullish is the larger business, with $244.81bn of revenue in fiscal 2025 against $11.48bn for Palo Alto Networks (21.3 times as much). Palo Alto Networks grew faster (24.5% against -2.2%). Palo Alto Networks kept more of each dollar of sales as profit: a net margin of 2.7% against -0.3%. Bullish carries less debt relative to equity (3.1% against 6.5%).
| Latest fiscal year | BullishBLSH, 2025 | Palo Alto NetworksPANW, 2026 |
|---|---|---|
| Revenue | $244.81bn | $11.48bn |
| Revenue growth | -2.2% | 24.5% |
| Net income | −$765m | $307m |
| Operating margin | — | 6.1% |
| Net margin | -0.3% | 2.7% |
| Return on equity | -27.3% | 1.7% |
| Free cash flow | $18.7m | $4.11bn |
| Cash | $87.9m | $2.51bn |
| Total debt | $100.0m | $1.77bn |
| Debt to equity | 3.1% | 6.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $1.00bn |
| Employees | — | — |
| Market value | $2.90bn | $285.89bn |
| Price vs our value range | — | Above our value range |
| Moat score | — | 65 (Moderate) |
| Insider trades, 12 months | 0 buys, 12 sales | 2 buys, 101 sales |