CRWD vs PANW
CrowdStrike (CRWD) and Palo Alto Networks (PANW) compared side by side. Palo Alto Networks (PANW) is larger, with a market cap of $311.3B versus $263.7B for CrowdStrike, about 1.2 times the size. On trailing earnings, PANW is cheaper at 951.4x versus 4292.8x for CRWD.
Head to head
| Metric | CRWD | PANW |
|---|---|---|
| Market cap | $263.7B | $311.3B |
| P/E (TTM) | 4292.8x | 951.4x |
| Forward P/E | 159.9x | 78.0x |
| Revenue (TTM) | $5.4B | $11.5B |
| Revenue growth | 25.8% | 34.5% |
| Gross margin | 75.2% | 70.4% |
| Operating margin | -2.3% | 5.4% |
| Free cash flow | $1.5B | $4.1B |
| Dividend yield | None | None |
| 1-year return | +97.4% | +77.0% |
| 5-year return (annual) | +29.5% | +35.3% |
| Max drawdown | -68% | -48% |
| FI Handbook grade | C- | C |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
CRWD vs PANW FAQ
Which is bigger, CRWD or PANW?
Palo Alto Networks (PANW) is larger, with a market cap of $311.3B versus $263.7B for CrowdStrike, about 1.2 times the size.
Is CRWD or PANW cheaper?
On trailing earnings, PANW is cheaper at 951.4x versus 4292.8x for CRWD. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, CRWD or PANW?
CRWD returned +97.4% over the past year including dividends, versus +77.0% for PANW, through October 23, 2026.
Full pages: CrowdStrike · Palo Alto Networks