CrowdStrike vs Palo Alto — Capital Expenditure Comparison

CrowdStrike (CRWD) capital expenditure was $371M in FY2026 (+18% YoY); Palo Alto (PANW) capital expenditure was $246M in FY2025 (+57% YoY). The tables below show the complete quarterly and annual capital expenditure history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	CrowdStrike	Palo Alto
2026	$371M	—
2025	$314M	$246M
2024	$226M	$157M
2023	$264M	$146M
2022	$133M	$193M
2021	$64M	$116M
2020	$87M	$214M
2019	$43M	$131M
2018	$29M	$112M
2017	—	$163M
2016	—	$72M
2015	—	$34M
2014	—	$36M
2013	—	$22M
2012	—	$15M
2011	—	$13M

CrowdStrike — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2026	$371M	+18%
2025	$314M	+39%
2024	$226M	-14%
2023	$264M	+99%
2022	$133M	+109%
2021	$64M	-27%
2020	$87M	+105%
2019	$43M	+45%
2018	$29M

Palo Alto — Annual Capital Expenditure

Fiscal Year	Capital Expenditure	YoY
2025	$246M	+57%
2024	$157M	+7%
2023	$146M	-24%
2022	$193M	+66%
2021	$116M	-46%
2020	$214M	+63%
2019	$131M	+17%
2018	$112M	-31%
2017	$163M	+125%
2016	$72M	+114%
2015	$34M	-6%
2014	$36M	+61%
2013	$22M	+54%
2012	$15M	+12%
2011	$13M

Source: CRWD on EDGAR · PANW on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.