BMNR vs. PANW: Bitmine Immersion vs. Palo Alto Networks Stock Comparison
How do Bitmine Immersion (BMNR) and Palo Alto Networks (PANW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Bitmine Immersion (BMNR) and Palo Alto Networks (PANW) both belong to the Software industry, though BMNR is classified under Application Software while PANW falls under Systems Software.
Palo Alto Networks (PANW) has been public since July 20, 2012, giving it a longer listed trading history, while Bitmine Immersion (BMNR) listed on June 5, 2025 and still has a shorter public-market record.
| Profile Item | BMNR | PANW |
|---|---|---|
| Name | BitMine Immersion Technologies, Inc. | Palo Alto Networks, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Application Software | Systems Software |
| Market Capitalization | 11.32 billion USD | 256.86 billion USD |
| Currency | USD | USD |
| Exchange | NYSE American | Nasdaq |
| Listing Date | June 5, 2025 | July 20, 2012 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BMNR | PANW |
|---|---|---|
| Total Return (1Y) | -52.72% | 53.99% |
| Total Return (3Y, Annualized) | -- | 39.16% |
| Total Return (5Y, Annualized) | -- | 30.80% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BMNR | PANW |
|---|---|---|
| Volatility (1Y, Annualized) | 89.23% | 51.34% |
| Beta (5Y) | 1.75 | 1.00 |
| Max Drawdown (5Y) | -90.14% | -36.01% |
| Avg. Volume (3M) | 36.95M | 6.03M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BMNR | PANW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.64 | 0.97 |
| Sortino Ratio (1Y) | -0.93 | 1.49 |
Profitability
ROE (TTM)
Bitmine Immersion (BMNR) reports a negative ROE of -150.91%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Palo Alto Networks (PANW) reports 1.74%, ranking against industry peers normally.
BMNR
Software & Services industry group
-150.91%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
- BMNR
- -150.91%
PANW
Software & Services industry group
1.74%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- PANW
- 1.74%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Both Bitmine Immersion (BMNR) at 0.00% and Palo Alto Networks (PANW) at 2.67% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
BMNR
Software & Services industry group
0.00%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- BMNR
- 0.00%
- Q1
- -5.42%
- Min
- -33.17%
PANW
Software & Services industry group
2.67%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- PANW
- 2.67%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Both Bitmine Immersion (BMNR) at 8.42% and Palo Alto Networks (PANW) at 5.40% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
BMNR
Software & Services industry group
8.42%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- BMNR
- 8.42%
- Q1
- -2.13%
- Min
- -30.45%
PANW
Software & Services industry group
5.40%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- PANW
- 5.40%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | BMNR | PANW |
|---|---|---|
| ROE (TTM) | -150.91% | 1.74% |
| ROA (TTM) | -3.17% | 1.40% |
| Net Margin (TTM) | 0.00% | 2.67% |
| Operating Margin (TTM) | 8.42% | 5.40% |
| Gross Margin (TTM) | 84.44% | 70.38% |
Growth
Revenue Growth
Bitmine Immersion (BMNR) at 84.14% clears its industry range for revenue growth, far stronger top-line momentum than Palo Alto Networks (PANW) at 24.50%, which is closer to a typical peer reading.
EPS Growth
Only one side can be read here: Palo Alto Networks (PANW) reports EPS growth of -75.00%, ranked against its industry; Bitmine Immersion (BMNR) has no EPS growth figure this period.
Growth Metrics
| Metric | BMNR | PANW |
|---|---|---|
| Revenue Growth (YoY) | 84.14% | 24.50% |
| Revenue Growth (3Y CAGR) | 142.45% | 18.54% |
| EPS Growth (YoY) | -- | -75.00% |
| EPS Growth (3Y CAGR) | -- | -14.50% |
Financial Strength
Current Ratio (MRQ)
Bitmine Immersion (BMNR) at 36.68 carries current ratio above its industry’s typical mid-range, while Palo Alto Networks (PANW) at 0.87 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
BMNR
Software & Services industry group
36.68
- BMNR
- 36.68
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
PANW
Software & Services industry group
0.87
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- PANW
- 0.87
- Min
- 0.03
Debt / Equity (MRQ)
Bitmine Immersion (BMNR) at 0.00 keeps leverage in the lower industry quartile, while Palo Alto Networks (PANW) at 0.09 runs a more typical debt-to-equity mix.
BMNR
Software & Services industry group
0.00
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- BMNR
- 0.00
- Min
- 0.00
PANW
Software & Services industry group
0.09
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- PANW
- 0.09
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | BMNR | PANW |
|---|---|---|
| Current Ratio (MRQ) | 36.68 | 0.87 |
| Debt / Equity (MRQ) | 0.00 | 0.09 |
| Net Debt / EBITDA | -- | -0.32 |
Dividends
Dividend Yield (TTM)
Palo Alto Networks (PANW) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Bitmine Immersion (BMNR) reports a yield of 0.05%, ranking against industry peers normally.
BMNR
Software & Services industry group
0.05%
- BMNR
- 0.05%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
PANW
Software & Services industry group
0.00%
- PANW
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Bitmine Immersion (BMNR) nor Palo Alto Networks (PANW) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
BMNR
Software & Services industry group
0.00%
- BMNR
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
PANW
Software & Services industry group
0.00%
- PANW
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | BMNR | PANW |
|---|---|---|
| Dividend Yield (TTM) | 0.05% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Palo Alto Networks (PANW) trades at 784.60 times trailing earnings, ranked against its peers, while Bitmine Immersion (BMNR) has no P/E ratio this period.
BMNR
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- BMNR
- --
PANW
Software & Services industry group
784.60
- PANW
- 784.60
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both Bitmine Immersion (BMNR) at 184.93 and Palo Alto Networks (PANW) at 22.37 — each P/S ratio clears its industry’s benchmark range.
BMNR
Software & Services industry group
184.93
- BMNR
- 184.93
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
PANW
Software & Services industry group
22.37
- PANW
- 22.37
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Bitmine Immersion (BMNR) at 0.94 looks cheap against book in the lower P/B ratio quartile, while Palo Alto Networks (PANW) at 9.30 carries a premium in the upper quartile — a clear price-to-book gap.
BMNR
Software & Services industry group
0.94
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- BMNR
- 0.94
- Min
- -3.90
PANW
Software & Services industry group
9.30
- Max
- 16.63
- PANW
- 9.30
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | BMNR | PANW |
|---|---|---|
| P/E Ratio (TTM) | -- | 784.60 |
| P/S Ratio (TTM) | 184.93 | 22.37 |
| P/B Ratio (MRQ) | 0.94 | 9.30 |
| Free Cash Flow Yield (TTM) | -4.58% | 1.65% |