CrowdStrike Holdings vs Palo Alto Networks (CRWD vs PANW)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Palo Alto Networks is the larger company by revenue ($11.5B vs $4.8B) and market value ($279.8B vs $232.8B). CrowdStrike Holdings has grown revenue faster over the last 4 fiscal years (+231.5% cumulative vs +108.7%). Palo Alto Networks runs the higher operating margin (6.1% vs -6.1%).
About CrowdStrike Holdings
CrowdStrike Holdings, Inc. provides cloud-native cybersecurity solutions designed to prevent breaches across endpoints, cloud workloads, identities, and AI systems. Its main product is the Falcon platform, which uses artificial intelligence and a single lightweight sensor to collect and analyze security data in real time for threat detection, investigation, and response. CrowdStrike serves organizations across various industries seeking to protect their digital environments from sophisticated cyberattacks.
About Palo Alto Networks
Palo Alto Networks Inc provides cybersecurity solutions to enterprises, organizations, service providers, and government entities. Its main products include network security platforms such as Secure Access Service Edge (SASE), next-generation firewalls, and cloud-delivered security services that protect users, networks, clouds, and endpoints. The company also offers AI-powered security operations and threat intelligence services to help customers detect, prevent, and respond to cyber threats.
Head to head (CRWD FY2026 vs PANW FY2026)
| Metric | CRWDFY2026 | PANWFY2026 |
|---|---|---|
| Revenue | $4.81B | $11.48B |
| Revenue growth (YoY) | 21.7% | 24.5% |
| Gross margin | 74.7% | 70.4% |
| Operating margin | -6.1% | 6.1% |
| Net margin | -3.4% | 2.7% |
| Net income | $-162.5M | $307.0M |
| Diluted EPS | $-0.65 | $0.40 |
| FCF margin | 27.2% | 35.8% |
| ROE | -3.6% | 1.1% |
| Long-term debt / equity | 0.17× | — |
| Market cap | $232.83B | $279.76B |
| P/E | — | — |
Fundamentals are from each company’s SEC filings (CRWD FY2026, PANW FY2026). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| CRWD | $1.45B | $2.24B | $3.06B | $3.95B | $4.81B |
| PANW | $5.50B | $6.89B | $8.03B | $9.22B | $11.48B |
Peer standing
These companies are ranked against different peer groups (CrowdStrike Holdings vs 332 software companies; Palo Alto Networks vs 627 Technology companies), so each is shown against its own peers rather than on one scale.
CrowdStrike Holdings
No standout rankings: CrowdStrike Holdings sits mid-distribution on most reported metrics.
Palo Alto Networks
Palo Alto Networks’s FCF margin of 35.8% ranks in the 95th percentile of the 545 Technology companies reporting it.
Short interest
| FINRA settlement data | CRWD | PANW |
|---|---|---|
| Shares sold short | 26.2M | 21.6M |
| Change vs prior settlement | -6.2% | -1.2% |
| Days to cover | 2.44 | 3.37 |
| As of settlement | 2026-09-30 | 2026-09-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | CRWD | PANW |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 672 ($450.7M) | 28 ($20.8M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
7 tracked 13F managers hold both CrowdStrike Holdings and Palo Alto Networks as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Maverick Capital, Millennium Management, Sands Capital Management. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.