PANW vs. CYBR

Last updated Jun 3, 2026

PANW (Palo Alto Networks, Inc.) and CYBR (CyberArk Software Ltd.) are both stocks. Both operate in the Software - Infrastructure industry within the Technology sector. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

PANW vs. CYBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Palo Alto Networks, Inc. (PANW) and CyberArk Software Ltd. (CYBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PANW

• 1D: -1.10%
• 1M: 64.12%
• YTD: 61.34%
• 6M: 56.51%
• 1Y: 52.51%
• 3Y*: 39.86%
• 5Y*: 38.40%
• 10Y*: 29.01%

CYBR

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PANW vs. CYBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PANW Palo Alto Networks, Inc.	61.34%	1.23%	23.41%	111.32%	-24.81%	56.66%	53.68%	22.78%	29.95%	15.91%
CYBR CyberArk Software Ltd.	-8.34%	33.89%	52.09%	68.95%	-25.18%	7.23%	38.61%	57.24%	79.13%	-9.03%

Correlation

The correlation between PANW and CYBR is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Sep 25, 2014	0.52

The correlation between PANW and CYBR has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.

Fundamentals

Market Cap PANW : $221.10B CYBR : $20.69B
EPS PANW : $1.17 CYBR : -$2.92
PS Ratio PANW : 20.14 CYBR : 15.13
PB Ratio PANW : 7.99 CYBR : 8.61
Total Revenue (TTM) PANW : $10.61B CYBR : $1.36B
Gross Profit (TTM) PANW : $7.63B CYBR : $1.01B
EBITDA (TTM) PANW : $1.33B CYBR : $59.13M

Return for Risk

PANW vs. CYBR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PANW

PANW Risk / Return Rank: 72
PANW Sharpe Ratio Rank: 79
PANW Sortino Ratio Rank: 72
PANW Omega Ratio Rank: 73
PANW Calmar Ratio Rank: 68
PANW Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PANW vs. CYBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Palo Alto Networks, Inc. (PANW) and CyberArk Software Ltd. (CYBR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PANW	CYBR	Difference
Sharpe ratio Return per unit of total volatility	1.39	—	—
Sortino ratio Return per unit of downside risk	1.89	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	1.51	—	—
Martin ratio Return relative to average drawdown	3.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PANW	CYBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	—	—

Drawdowns

Drawdown Indicators

	PANW	CYBR	Difference
Max Drawdown Largest peak-to-trough decline	-47.98%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-36.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.98%	—	—
Current Drawdown Current decline from peak	-1.10%	—	—
Average Drawdown Average peak-to-trough decline	-14.70%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	15.78%	—	—

Volatility

Volatility by Period

	PANW	CYBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.95%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.56%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.54%	—	—

Dividends

PANW vs. CYBR - Dividend Comparison

Neither PANW nor CYBR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

PANW vs. CYBR - Profitability Comparison

The chart below illustrates the profitability comparison between Palo Alto Networks, Inc. and CyberArk Software Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PANW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported a gross profit of 2.03B and revenue of 3.00B. Therefore, the gross margin over that period was 67.6%.

CYBR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a gross profit of 267.25M and revenue of 372.65M. Therefore, the gross margin over that period was 71.7%.

PANW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported an operating income of -186.00M and revenue of 3.00B, resulting in an operating margin of -6.2%.

CYBR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported an operating income of 1.75M and revenue of 372.65M, resulting in an operating margin of 0.5%.

PANW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported a net income of -177.00M and revenue of 3.00B, resulting in a net margin of -5.9%.

CYBR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CyberArk Software Ltd. reported a net income of -17.11M and revenue of 372.65M, resulting in a net margin of -4.6%.

Frequently Asked Questions

Can I hold both PANW and CYBR in my portfolio?

PANW and CYBR have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.