{
  "name": "Palo Alto Networks",
  "period": "FY2026 Q4",
  "fye": "July 31",
  "price": 397.03,
  "shares": 818,
  "cash": 7906,
  "debt": 1774,
  "other": -206,
  "years": [
    "FY2024",
    "FY2025",
    "FY2026"
  ],
  "revenue": [
    8027,
    9221,
    11480
  ],
  "ebit": [
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    1243,
    695
  ],
  "ocf": [
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    3716,
    4553
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  "capex": [
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  "sbc": [
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  "latest": [
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    11480,
    695,
    4553,
    440,
    1774
  ],
  "qrev": [
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    2536
  ],
  "bridge_note": "2026-08-31 实际流通股 8.18 亿；现金和投资及债务取 7 月 31 日。债务采用 17.74 亿美元公允价值账面数，已包含转换权估值，不再额外加一遍可转债股数；另扣并购或有对价 2.06 亿美元。",
  "theme": [
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    "#302a24",
    "#c57247"
  ],
  "scenarios": [
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      "label": "谨慎",
      "rev1": 14000,
      "growth": [
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        0.14,
        0.12,
        0.1
      ],
      "margins": [
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        0.18,
        0.2,
        0.22
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      "wacc": 0.11,
      "g": 0.025,
      "roic": 0.3,
      "reinvest_ratio": 0.035
    },
    {
      "label": "基准",
      "rev1": 14700,
      "growth": [
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      "margins": [
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      "wacc": 0.1,
      "g": 0.03,
      "roic": 0.35,
      "reinvest_ratio": 0.03
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    {
      "label": "乐观",
      "rev1": 15500,
      "growth": [
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        0.22,
        0.2
      ],
      "margins": [
        0.2,
        0.25,
        0.29,
        0.32,
        0.34
      ],
      "wacc": 0.09,
      "g": 0.035,
      "roic": 0.4,
      "reinvest_ratio": 0.025
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  "ticker": "PANW",
  "source_urls": {
    "annual": "https://www.sec.gov/Archives/edgar/data/1327567/000132756726000023/panw-20260731.htm",
    "earnings": "https://www.paloaltonetworks.com/company/press/2026/palo-alto-networks-reports-fiscal-fourth-quarter-and-fiscal-year-2026-financial-results",
    "call": "https://investors.paloaltonetworks.com/static-files/b6d9916f-f4ab-4b43-8457-2d345aaa0a47",
    "investor": "https://investors.paloaltonetworks.com/",
    "price": "https://stockanalysis.com/stocks/panw/history/"
  },
  "fcf": [
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    3469,
    4113
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  "financial_data_unit": "USD million",
  "price_as_of": "2026-10-13T16:00:00-04:00",
  "share_unit": "million actual outstanding",
  "forecast_status": "author assumptions, not company guidance"
}