cust.co / Compare / CrowdStrike vs Palo Alto Networks

CrowdStrike vs Palo Alto Networks - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Security. Both at Public stage.

CrowdStrike (CRWD)
115%
FY2026-Q4 · Security
vs
Palo Alto Networks (PANW)
120%
FY2026-Q3 · Security
Palo Alto Networks leads by +5pp on latest NRR (120% vs 115%).

NRR over time

96%104%113%121%129% FY2019-Q4FY2021-Q4FY2022-Q3FY2023-Q4FY2025-Q3FY2026-Q4FY2026-Q3 NRR CrowdStrike Palo Alto Networks CrowdStrike - FY2019-Q4: 100% CrowdStrike - FY2021-Q2: 104% CrowdStrike - FY2021-Q3: 120% CrowdStrike - FY2021-Q4: 120% CrowdStrike - FY2022-Q1: 120% CrowdStrike - FY2022-Q2: 120% CrowdStrike - FY2022-Q3: 100% CrowdStrike - FY-2022: 124% CrowdStrike - FY2023-Q1: 120% CrowdStrike - FY2023-Q4: 120% CrowdStrike - FY2024-Q1: 125% CrowdStrike - FY2025-Q1: 119% CrowdStrike - FY2025-Q3: 115% CrowdStrike - FY-2025: 112% CrowdStrike - FY2025-Q4: 112% CrowdStrike - FY2026-Q4: 115% Palo Alto Networks - FY2025-Q4: 120% Palo Alto Networks - FY2026-Q2: 119% Palo Alto Networks - FY2026-Q3: 120%

CrowdStrike hit a higher all-time peak (125.3% in FY2024-Q1).

Stat-by-stat

Metric CrowdStrike Palo Alto Networks
Latest NRR 115% 120%
All-time peak NRR 125.3% 120%
All-time low NRR 100% 119%
QoQ change +3pp +1pp
YoY change -4pp -
3-year change +15pp -
Disclosures tracked 16 3

Customer cohorts

MetricCrowdStrikePalo Alto Networks
Total customers 100,000 2,280
Over $100K ARR - -
Over $1M ARR 820 270
Top-10 concentration - -
Average ACV - $1M
US revenue mix 66% 68%

Commercial structure

MetricCrowdStrikePalo Alto Networks
Total RPO - $18.4B
Current RPO (12mo) - $8.3B
Multi-year contracts - -
Avg contract length 31 mo 36 mo
Subscription rev mix 95% 80%
New customers added - 110

Post-sales motion

MetricCrowdStrikePalo Alto Networks
CS team size - 16,068
Customers per CSM - -
Pricing model hybrid hybrid
Renewal cadence annual multi-year
CSM coverage model account-named account-named
Top customer exec - -

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