CrowdStrike vs Palo Alto — Operating Cash Flow Comparison

CrowdStrike (CRWD) operating cash flow was $1.6B in FY2026 (+17% YoY); Palo Alto (PANW) operating cash flow was $3.7B in FY2025 (+14% YoY). The tables below show the complete quarterly and annual operating cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	CrowdStrike	Palo Alto
2026	$1.6B	—
2025	$1.4B	$3.7B
2024	$1.2B	$3.3B
2023	$941M	$2.8B
2022	$575M	$2.0B
2021	$357M	$1.5B
2020	$100M	$1.0B
2019	-$23M	$1.1B
2018	-$59M	$1.0B
2017	—	$869M
2016	—	$659M
2015	—	$353M
2014	—	$88M
2013	—	$115M
2012	—	$77M
2011	—	$32M

CrowdStrike — Annual Operating Cash Flow

Fiscal Year	Operating Cash Flow	YoY
2026	$1.6B	+17%
2025	$1.4B	+18%
2024	$1.2B	+24%
2023	$941M	+64%
2022	$575M	+61%
2021	$357M	+257%
2020	$100M	+535%
2019	-$23M	+61%
2018	-$59M

Palo Alto — Annual Operating Cash Flow

Fiscal Year	Operating Cash Flow	YoY
2025	$3.7B	+14%
2024	$3.3B	+17%
2023	$2.8B	+40%
2022	$2.0B	+32%
2021	$1.5B	+45%
2020	$1.0B	-2%
2019	$1.1B	+2%
2018	$1.0B	+19%
2017	$869M	+32%
2016	$659M	+87%
2015	$353M	+299%
2014	$88M	-23%
2013	$115M	+48%
2012	$77M	+141%
2011	$32M

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