Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: PANW stock price vs HUBS: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at HUBS's multiple
Needs HUBS P/E.
Implied fair value · at PANW's multiple
Needs PANW P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: PANW FY 2025 (ended Jul 31, 2025) · HUBS FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 100% equity / -0% debt · EV / Revenue 29.10x · EV / EBITDA 139.55x
Capital structure 96% equity / 4% debt · EV / Revenue 3.84x · EV / EBITDA 60.11x
PANW carries the larger enterprise value at $268.34B against $12.02B; HUBS trades on the lower EV / Revenue multiple (3.84x vs 29.10x); HUBS on the lower EV / EBITDA (60.11x vs 139.55x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
PALO ALTO NETWORKS, INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
HubSpot, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-0.05x
0.27x
Net debt / EBITDA
Leverage against operating earnings
-1.70x
-1.66x
Cash and equivalents
Liquid reserves on the balance sheet
$2.90B
$882.24M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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-$366.50M
$551.08M
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe PANW can sustain its superior profitability and ROIC while maintaining mid-teens growth, then the current premium valuation and 30.1% implied upside make PANW attractive versus HUBS; if you prioritize faster top-line growth and a cheaper sales multiple, HUBS is the lower-quality but less expensive alternative.
PANW is priced at a very rich multiple, but the implied price of $451.48 still sits 30.1% above the current price of $347.13. Relative to HUBS, PANW trades at much higher revenue and earnings multiples, which suggests the market is paying for stronger profitability and returns rather than faster growth.
Supporting Metrics
