FROG vs. PANW: JFrog vs. Palo Alto Networks Stock Comparison

November 11, 2026

How do JFrog (FROG) 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

JFrog (FROG) and Palo Alto Networks (PANW) are both classified in the Systems Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

Company profile comparison for JFrog (FROG) and Palo Alto Networks (PANW)
Profile Item	FROG	PANW
Name	JFrog Ltd.	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	Systems Software	Systems Software
Market Capitalization	12.45 billion USD	256.86 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	September 16, 2020	July 20, 2012
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FROG

PANW

GSPC

JFrog (FROG) vs. Palo Alto Networks (PANW), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for JFrog (FROG) and Palo Alto Networks (PANW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for JFrog (FROG) and Palo Alto Networks (PANW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for JFrog (FROG) and Palo Alto Networks (PANW)
Metric	FROG	PANW
Total Return (1Y)	77.72%	53.99%
Total Return (3Y, Annualized)	60.36%	39.16%
Total Return (5Y, Annualized)	22.50%	30.80%

Risk Profile

Drawdown History

FROG

PANW

GSPC

JFrog (FROG) vs. Palo Alto Networks (PANW), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for JFrog (FROG) and Palo Alto Networks (PANW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for JFrog (FROG) and Palo Alto Networks (PANW)
Metric	FROG	PANW
Volatility (1Y, Annualized)	80.78%	51.34%
Beta (5Y)	1.26	1.00
Max Drawdown (5Y)	-56.17%	-36.01%
Avg. Volume (3M)	1.95M	6.03M

Risk-Adjusted Performance

Risk-Return Positioning

FROG and PANW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for JFrog (FROG) and Palo Alto Networks (PANW)
Metric	FROG	PANW
Sharpe Ratio (1Y)	0.91	0.97
Sortino Ratio (1Y)	1.48	1.49

Profitability

ROE (TTM)

JFrog (FROG) reports a negative ROE of -2.26%; 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.

FROG

Software & Services industry group

-2.26%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
FROG: -2.26%
Q1: -9.59%
Min: -50.52%

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%

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

JFrog (FROG) reports a negative net margin of -3.28%, usually indicating a net loss over the period. Meanwhile Palo Alto Networks (PANW) reports 2.67%, ranking against industry peers normally.

FROG

Software & Services industry group

-3.28%

Max: 41.17%
Q3: 15.28%
Median: 4.63%
FROG: -3.28%
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%

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

JFrog (FROG) reports a negative operating margin of -0.27%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Palo Alto Networks (PANW) reports 5.40%, ranking against industry peers normally.

FROG

Software & Services industry group

-0.27%

Max: 46.89%
Q3: 17.64%
Median: 8.73%
FROG: -0.27%
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%

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for JFrog (FROG) and Palo Alto Networks (PANW)
Metric	FROG	PANW
ROE (TTM)	-2.26%	1.74%
ROA (TTM)	-1.85%	1.40%
Net Margin (TTM)	-3.28%	2.67%
Operating Margin (TTM)	-0.27%	5.40%
Gross Margin (TTM)	78.44%	70.38%

Growth

Revenue Growth

Both JFrog (FROG) at 24.12% and Palo Alto Networks (PANW) at 24.50% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Palo Alto Networks (PANW) reports EPS growth of -75.00%, ranked against its industry; JFrog (FROG) has no EPS growth figure this period.

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for JFrog (FROG) and Palo Alto Networks (PANW)
Metric	FROG	PANW
Revenue Growth (YoY)	24.12%	24.50%
Revenue Growth (3Y CAGR)	23.84%	18.54%
EPS Growth (YoY)	--	-75.00%
EPS Growth (3Y CAGR)	--	-14.50%

Financial Strength

Current Ratio (MRQ)

JFrog (FROG) at 2.15 keeps current ratio within its industry’s typical mid-range, while Palo Alto Networks (PANW) at 0.87 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PANW.

FROG

Software & Services industry group

2.15

Max: 5.11
Q3: 2.77
FROG: 2.15
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

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both JFrog (FROG) at 0.11 and Palo Alto Networks (PANW) at 0.09 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

FROG

Software & Services industry group

0.11

Max: 2.52
Q3: 1.13
Median: 0.40
FROG: 0.11
Q1: 0.07
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

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for JFrog (FROG) and Palo Alto Networks (PANW)
Metric	FROG	PANW
Current Ratio (MRQ)	2.15	0.87
Debt / Equity (MRQ)	0.11	0.09
Net Debt / EBITDA	--	-0.32

Dividends

Dividend Yield (TTM)

Neither JFrog (FROG) nor Palo Alto Networks (PANW) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FROG

Software & Services industry group

0.00%

FROG: 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%

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither JFrog (FROG) nor Palo Alto Networks (PANW) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FROG

Software & Services industry group

0.00%

FROG: 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%

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for JFrog (FROG) and Palo Alto Networks (PANW)
Metric	FROG	PANW
Dividend Yield (TTM)	0.00%	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 JFrog (FROG) has no P/E ratio this period.

FROG

Software & Services industry group

Max: 112.94
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69
FROG: --

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

JFrog (FROG) vs. Palo Alto Networks (PANW): FROG does not report P/E ratio, so it has no value marker; PANW is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both JFrog (FROG) at 19.39 and Palo Alto Networks (PANW) at 22.37 — each P/S ratio clears its industry’s benchmark range.

FROG

Software & Services industry group

19.39

FROG: 19.39
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

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Both JFrog (FROG) at 12.37 and Palo Alto Networks (PANW) at 9.30 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

FROG

Software & Services industry group

12.37

Max: 16.63
FROG: 12.37
Q3: 8.50
Median: 4.30
Q1: 1.92
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

JFrog (FROG) vs. Palo Alto Networks (PANW): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for JFrog (FROG) and Palo Alto Networks (PANW)
Metric	FROG	PANW
P/E Ratio (TTM)	--	784.60
P/S Ratio (TTM)	19.39	22.37
P/B Ratio (MRQ)	12.37	9.30
Free Cash Flow Yield (TTM)	1.85%	1.65%