--- title: "Palo Alto Networks: Competitors" description: "Palo Alto Networks compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how peers are chosen." canonical: https://www.getswoopr.com/stocks/companies/palo-alto-networks/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Palo Alto Networks: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies Palo Alto Networks under SIC code 3577 (Computer Peripheral Equipment, NEC). Among Swoopr's S&P 500 Equal Weight companies, 12 others share that classification; by latest reported revenue, Palo Alto Networks ranks 1 of 13. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does Palo Alto Networks Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | **Palo Alto Networks (PANW)** | $9.2 billion FY2025 | 14.9% | 13.5% | 12.3% | | [Xerox Holdings Corporation (XRX)](https://www.getswoopr.com/stocks/companies/xerox-holdings-corporation/) | $7.0 billion FY2025 | 12.9% | n/a | -14.7% | | [Fortinet (FTNT)](https://www.getswoopr.com/stocks/companies/fortinet/) | $6.8 billion FY2025 | 14.2% | 30.7% | 27.3% | | [Logitech International S.A. (LOGI)](https://www.getswoopr.com/stocks/companies/logitech-international-s-a/) | $4.8 billion FY2026 | 6.3% | 16.0% | 14.7% | | [Immersion Corporation (IMMR)](https://www.getswoopr.com/stocks/companies/immersion-corporation/) | $1.7 billion FY2026 | 11.2% | 1.5% | 0.3% | | [Stratasys Ltd. (SSYS)](https://www.getswoopr.com/stocks/companies/stratasys-ltd/) | $551 million FY2025 | -3.7% | -13.2% | -18.9% | | [Mitek Systems Inc. (MITK)](https://www.getswoopr.com/stocks/companies/mitek-systems-inc/) | $180 million FY2025 | 4.4% | 9.3% | 4.9% | | [Evolv Technologies Holdings Inc. (EVLV)](https://www.getswoopr.com/stocks/companies/evolv-technologies-holdings-inc/) | $146 million FY2025 | 40.5% | -33.2% | -22.7% | | [TransAct Technologies Incorporated (TACT)](https://www.getswoopr.com/stocks/companies/transact-technologies-incorporated/) | $51 million FY2025 | 18.7% | -2.7% | -2.4% | | [Identiv Inc. (INVE)](https://www.getswoopr.com/stocks/companies/identiv-inc/) | $21 million FY2025 | -19.3% | -103.1% | -83.8% | | [Interlink Electronics Inc. (LINK)](https://www.getswoopr.com/stocks/companies/interlink-electronics-inc/) | $12 million FY2025 | 1.8% | -15.4% | -13.6% | | [Virtuix Holdings Inc. (VTIX)](https://www.getswoopr.com/stocks/companies/virtuix-holdings-inc/) | $4 million FY2026 | 18.4% | -242.7% | -395.0% | | [Ainos Inc. (AIMD)](https://www.getswoopr.com/stocks/companies/ainos-inc/) | $124,157 FY2025 | 499.0% | -11268.3% | -11897.0% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ![Bar chart of operating margin for Palo Alto Networks and 7 peers: Palo Alto Networks (PANW) 13.5%, Fortinet (FTNT) 30.7%, Logitech International S.A. (LOGI) 16.0%, Immersion Corporation (IMMR) 1.5%, Stratasys Ltd. (SSYS) -13.2%, Mitek Systems Inc. (MITK) 9.3%, Evolv Technologies Holdings Inc. (EVLV) -33.2%, TransAct Technologies Incorporated (TACT) -2.7%.](https://www.getswoopr.com/images/charts/palo-alto-networks-competitors-peer-margins.webp) *Operating margin of Palo Alto Networks against companies sharing its SEC industry classification, from the table above. Select the chart to open it full size.* ## How Does Palo Alto Networks Rank Among All SEC Filers in Its Industry Code? 13 companies with annual reports in Swoopr's SEC dataset share SIC code 3577 (Computer Peripheral Equipment, NEC), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | Palo Alto Networks | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $9.2 billion | $180 million | 1 of 13 | | Revenue growth | 14.9% | 12.9% | 5 of 13 | | Operating margin | 13.5% | -8.0% | 3 of 12 | | Net margin | 12.3% | -13.6% | 3 of 13 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value Palo Alto Networks reported in its own SEC filings, read from the SEC's XBRL data (accession 0001327567-26-000023 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are Palo Alto Networks's competitors? Companies sharing Palo Alto Networks's SEC classification (SIC code 3577 (Computer Peripheral Equipment, NEC)) include Xerox Holdings Corporation (XRX), Fortinet (FTNT), Logitech International S.A. (LOGI), Immersion Corporation (IMMR), Stratasys Ltd. (SSYS). Its 10-K names the competitors it considers most relevant. ### How does Palo Alto Networks compare with its peers on margins? Palo Alto Networks's fiscal 2025 operating margin was 13.5%, against a peer median of -13.2%. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does Palo Alto Networks rank among all companies in its SEC industry? Among 13 SEC filers under SIC code 3577, Palo Alto Networks ranks 1 by latest revenue, and 3 of 12 by operating margin (13.5% against a median of -8.0%). ## References - [SEC EDGAR: Palo Alto Networks Inc Form 10-K filed September 10, 2026](https://www.sec.gov/Archives/edgar/data/1327567/000132756726000023/panw-20260731.htm) - [SEC EDGAR: Palo Alto Networks Inc annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1327567&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Palo Alto Networks company dossier](https://www.getswoopr.com/stocks/companies/palo-alto-networks/) - [Palo Alto Networks financial metrics](https://www.getswoopr.com/stocks/companies/palo-alto-networks/metrics/) - [Palo Alto Networks financial risk indicators](https://www.getswoopr.com/stocks/companies/palo-alto-networks/risks/) - [Palo Alto Networks peer comparison](https://www.getswoopr.com/stocks/companies/palo-alto-networks/competitors/) - [Palo Alto Networks business model and revenue mix](https://www.getswoopr.com/stocks/companies/palo-alto-networks/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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