Microsoft vs Palo Alto Networks
Microsoft is the larger business, with $331.84bn of revenue in fiscal 2026 against $11.48bn for Palo Alto Networks (28.9 times as much). Palo Alto Networks grew faster (24.5% against 17.8%). Microsoft kept more of each dollar of sales as profit: a net margin of 40.3% against 2.7%. Palo Alto Networks carries less debt relative to equity (6.5% against 10.4%).
| Latest fiscal year | MicrosoftMSFT, 2026 | Palo Alto NetworksPANW, 2026 |
|---|---|---|
| Revenue | $331.84bn | $11.48bn |
| Revenue growth | 17.8% | 24.5% |
| Net income | $133.75bn | $307m |
| Operating margin | 46.8% | 6.1% |
| Net margin | 40.3% | 2.7% |
| Return on equity | 34.0% | 1.7% |
| Free cash flow | $66.99bn | $4.11bn |
| Cash | $20.93bn | $2.51bn |
| Total debt | $46.14bn | $1.77bn |
| Debt to equity | 10.4% | 6.5% |
| Dividend per share | $3.64 | — |
| Dividend yield | 0.7% | — |
| Share buybacks | $22.27bn | $1.00bn |
| Employees | 223,000 | — |
| Market value | $3.88tn | $285.89bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 90 (Strong) | 65 (Moderate) |
| Insider trades, 12 months | 1 buys, 28 sales | 2 buys, 101 sales |