TWLO vs. PANW
TWLO (Twilio Inc.) and PANW (Palo Alto Networks, Inc.) are both stocks. TWLO operates in Internet Content & Information (Communication Services), while PANW operates in Software - Infrastructure (Technology). Over the past 10 years, TWLO returned 18.81%/yr vs 31.46%/yr for PANW. At a 0.48 correlation, their price movements are largely independent.
Performance
TWLO vs. PANW - Performance Comparison
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Returns By Period
In the year-to-date period, TWLO achieves a 50.84% return, which is significantly lower than PANW's 76.93% return. Over the past 10 years, TWLO has underperformed PANW with an annualized return of 18.81%, while PANW has yielded a comparatively higher 31.46% annualized return.
TWLO
- 1D
- -1.85%
- 1M
- 3.84%
- 6M
- 63.30%
- YTD
- 50.84%
- 1Y
- 89.61%
- 3Y*
- 48.64%
- 5Y*
- -11.37%
- 10Y*
- 18.81%
PANW
- 1D
- -3.67%
- 1M
- 16.59%
- 6M
- 72.42%
- YTD
- 76.93%
- 1Y
- 73.92%
- 3Y*
- 37.59%
- 5Y*
- 38.03%
- 10Y*
- 31.46%
TWLO vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TWLO Twilio Inc. | 50.84% | 31.61% | 42.45% | 54.96% | -81.41% | -22.20% | 244.42% | 10.06% | 278.39% | -18.20% |
PANW Palo Alto Networks, Inc. | 76.93% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | 29.95% | 15.91% |
Correlation
The correlation between TWLO and PANW is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2016 | 0.48 |
Fundamentals
TWLO:
$32.56B
PANW:
$222.11B
TWLO:
$0.66
PANW:
$1.17
TWLO:
322.88
PANW:
277.94
TWLO:
6.33
PANW:
22.09
TWLO:
4.35
PANW:
8.76
TWLO:
$5.30B
PANW:
$10.61B
TWLO:
$2.59B
PANW:
$7.63B
TWLO:
$304.06M
PANW:
$1.33B
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Return for Risk
TWLO vs. PANW — Risk / Return Rank
TWLO
PANW
TWLO vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Twilio Inc. (TWLO) and Palo Alto Networks, Inc. (PANW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TWLO | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.95 | +0.80 |
| Martin ratioReturn relative to average drawdown | 5.94 | 4.42 | +1.52 |
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Drawdowns
TWLO vs. PANW - Drawdown Comparison
The maximum TWLO drawdown since its inception was -90.36%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for TWLO and PANW.
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Drawdown Indicators
| TWLO | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.36% | -47.98% | -42.38% |
Max Drawdown (1Y)Largest decline over 1 year | -30.34% | -36.01% | +5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -45.17% | -36.01% | -9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -89.57% | -36.01% | -53.56% |
Max Drawdown (10Y)Largest decline over 10 years | -90.36% | -47.98% | -42.38% |
Current DrawdownCurrent decline from peak | -51.62% | -8.84% | -42.78% |
Average DrawdownAverage peak-to-trough decline | -49.55% | -14.63% | -34.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 15.82% | -1.81% |
Volatility
TWLO vs. PANW - Volatility Comparison
The current volatility for Twilio Inc. (TWLO) is 9.22%, while Palo Alto Networks, Inc. (PANW) has a volatility of 16.41%. This indicates that TWLO experiences smaller price fluctuations and is considered to be less risky than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TWLO | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.22% | 16.41% | -7.19% |
Volatility (6M)Calculated over the trailing 6-month period | 43.65% | 34.99% | +8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.51% | 41.49% | +19.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.28% | 42.22% | +17.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.91% | 38.84% | +21.07% |
Dividends
TWLO vs. PANW - Dividend Comparison
Neither TWLO nor PANW has paid dividends to shareholders.
Financials
TWLO vs. PANW - Financials Comparison
This section allows you to compare key financial metrics between Twilio Inc. and Palo Alto Networks, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TWLO vs. PANW - Profitability Comparison
TWLO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Twilio Inc. reported a gross profit of 684.24M and revenue of 1.41B. Therefore, the gross margin over that period was 48.6%.
PANW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
TWLO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Twilio Inc. reported an operating income of 107.67M and revenue of 1.41B, resulting in an operating margin of 7.7%.
PANW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
TWLO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Twilio Inc. reported a net income of 90.14M and revenue of 1.41B, resulting in a net margin of 6.4%.
PANW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
Frequently Asked Questions
TWLO and PANW have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PANW has higher volatility (16.41%) compared to TWLO (9.22%). In terms of maximum drawdown, TWLO dropped -90.36% vs PANW's -47.98%.
PANW currently has the higher Sharpe Ratio (1.71 vs 1.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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