PANW vs. QNT: Palo Alto Networks vs. Quantinuum Stock Comparison
How do Palo Alto Networks (PANW) and Quantinuum (QNT) 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
Palo Alto Networks (PANW) and Quantinuum (QNT) both fall under the Software & Services industry group, but PANW is classified in Software while QNT is classified in IT Services.
Palo Alto Networks (PANW) has been public since July 20, 2012 with a meaningfully longer listed history, while Quantinuum (QNT) only listed on June 4, 2026 — long-window metrics on the QNT side should be interpreted with caution.
| Profile Item | PANW | QNT |
|---|---|---|
| Name | Palo Alto Networks, Inc. | Quantinuum Inc. Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | IT Services |
| GICS Sub-Industry | Systems Software | IT Consulting & Other Services |
| Market Capitalization | 256.86 billion USD | 10.13 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | July 20, 2012 | June 4, 2026 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | PANW | QNT |
|---|---|---|
| Total Return (1Y) | 53.99% | -- |
| Total Return (3Y, Annualized) | 39.16% | -- |
| Total Return (5Y, Annualized) | 30.80% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Quantinuum (QNT) reports a negative beta of -2.69, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Palo Alto Networks (PANW) has a non-negative beta of 1.00.
| Metric | PANW | QNT |
|---|---|---|
| Volatility (1Y, Annualized) | 51.34% | 105.28% |
| Beta (5Y) | 1.00 | -2.69 |
| Max Drawdown (5Y) | -36.01% | -64.15% |
| Avg. Volume (3M) | 6.03M | 2.01M |
Risk-Adjusted Performance
Risk-Return Positioning
Both PANW and QNT need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | PANW | QNT |
|---|---|---|
| Sharpe Ratio (1Y) | 0.97 | -- |
| Sortino Ratio (1Y) | 1.49 | -- |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Palo Alto Networks (PANW) earns 1.74% on shareholders’ equity, ranked against its industry; Quantinuum (QNT) has no ROE this period.
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%
QNT
Software & Services industry group
--
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
- QNT
- --
Net Margin (TTM)
Both Palo Alto Networks (PANW) at 2.67% and Quantinuum (QNT) at 0.00% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
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%
QNT
Software & Services industry group
0.00%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- QNT
- 0.00%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Quantinuum (QNT) reports a negative operating margin of -6,939.56%, 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.
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%
QNT
Software & Services industry group
-6,939.56%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
- QNT
- -6,939.56%
Profitability Metrics
| Metric | PANW | QNT |
|---|---|---|
| ROE (TTM) | 1.74% | -- |
| ROA (TTM) | 1.40% | -- |
| Net Margin (TTM) | 2.67% | 0.00% |
| Operating Margin (TTM) | 5.40% | -6,939.56% |
| Gross Margin (TTM) | 70.38% | 41.31% |
Growth
Revenue Growth
Quantinuum (QNT) at 34.61% sits in the top revenue growth quartile, while Palo Alto Networks (PANW) at 24.50% is closer to the peer norm — faster top-line expansion for QNT.
EPS Growth
Only one side can be read here: Palo Alto Networks (PANW) reports EPS growth of -75.00%, ranked against its industry; Quantinuum (QNT) has no EPS growth figure this period.
Growth Metrics
| Metric | PANW | QNT |
|---|---|---|
| Revenue Growth (YoY) | 24.50% | 34.61% |
| Revenue Growth (3Y CAGR) | 18.54% | -- |
| EPS Growth (YoY) | -75.00% | -- |
| EPS Growth (3Y CAGR) | -14.50% | -- |
Financial Strength
Current Ratio (MRQ)
Quantinuum (QNT) at 15.49 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.
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
QNT
Software & Services industry group
15.49
- QNT
- 15.49
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Quantinuum (QNT) at 0.01 keeps leverage in the lower industry quartile, while Palo Alto Networks (PANW) at 0.09 runs a more typical debt-to-equity mix.
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
QNT
Software & Services industry group
0.01
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- QNT
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | PANW | QNT |
|---|---|---|
| Current Ratio (MRQ) | 0.87 | 15.49 |
| Debt / Equity (MRQ) | 0.09 | 0.01 |
| Net Debt / EBITDA | -0.32 | -- |
Dividends
Dividend Yield (TTM)
Neither Palo Alto Networks (PANW) nor Quantinuum (QNT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
QNT
Software & Services industry group
0.00%
- QNT
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Palo Alto Networks (PANW) nor Quantinuum (QNT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
QNT
Software & Services industry group
0.00%
- QNT
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | PANW | QNT |
|---|---|---|
| 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 Quantinuum (QNT) has no P/E ratio this period.
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
QNT
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- QNT
- --
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both Palo Alto Networks (PANW) at 22.37 and Quantinuum (QNT) at 441.11 — each P/S ratio clears its industry’s benchmark range.
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
QNT
Software & Services industry group
441.11
- QNT
- 441.11
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Both look rich against book: Palo Alto Networks (PANW) at 9.30 sits in the upper P/B ratio quartile, and Quantinuum (QNT) at 64.89 prices even higher, above its industry range.
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
QNT
Software & Services industry group
64.89
- QNT
- 64.89
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | PANW | QNT |
|---|---|---|
| P/E Ratio (TTM) | 784.60 | -- |
| P/S Ratio (TTM) | 22.37 | 441.11 |
| P/B Ratio (MRQ) | 9.30 | 64.89 |
| Free Cash Flow Yield (TTM) | 1.65% | -- |