NOW vs PANW
ServiceNow (NOW) and Palo Alto Networks (PANW) compared side by side. Palo Alto Networks (PANW) is larger, with a market cap of $311.3B versus $164.3B for ServiceNow, about 1.9 times the size. On trailing earnings, NOW is cheaper at 99.4x versus 951.4x for PANW.
Head to head
| Metric | NOW | PANW |
|---|---|---|
| Market cap | $164.3B | $311.3B |
| P/E (TTM) | 99.4x | 951.4x |
| Forward P/E | 31.8x | 78.0x |
| Revenue (TTM) | $14.7B | $11.5B |
| Revenue growth | 24.0% | 34.5% |
| Gross margin | 74.8% | 70.4% |
| Operating margin | 4.1% | 5.4% |
| Free cash flow | $4.6B | $4.1B |
| Dividend yield | None | None |
| 1-year return | -15.4% | +77.0% |
| 5-year return (annual) | +3.0% | +35.3% |
| Max drawdown | -65% | -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)
NOW vs PANW FAQ
Which is bigger, NOW or PANW?
Palo Alto Networks (PANW) is larger, with a market cap of $311.3B versus $164.3B for ServiceNow, about 1.9 times the size.
Is NOW or PANW cheaper?
On trailing earnings, NOW is cheaper at 99.4x versus 951.4x for PANW. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, NOW or PANW?
PANW returned +77.0% over the past year including dividends, versus -15.4% for NOW, through October 23, 2026.
Full pages: ServiceNow · Palo Alto Networks