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Palantir TechnologiesPLTR

Application Software · Aventura, Florida · In the S&P 500
High qualityPricier than peers
$184.11−6.27%After hours: $184.60 (+0.27%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 7.4% over 1 year
Palantir Technologies over 1 yearDaily close, $, to 30 Oct 2026
$150$200Nov2026MarMayJulSep$184.11$150$200NovMarJul$184.11
Source: Nasdaq daily closes
Market value$442B
Price to earnings156.9x
Forward P/E108.1x
Dividend yield–
Year to date+3.6%
One year−7.4%
Next earningsMon 2 Nov, after the close
SectorInformation Technology
52-week range (closes)
$107.27$209.05

Quality and valuation

How Palantir Technologies compares with other information technology stocks. A description, not a recommendation.

Palantir Technologies and 6 application software peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: pricier than most

A stronger business than most information technology companies, priced above most of them.

Palantir Technologies trades at 108.1 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +78.9% vs +20.6%
  • Keeps more of each sale (gross margin): 84.8% vs 61.5%
  • More profitable (operating margin): 42.8% vs 17.0%
  • Turns more of its sales into cash: 54.6% vs 21.7%
PLTR trades at 108.1x forward earnings, above the sector medianForward p/e, Application Software peers
ADBE9.3xINTU14.3xORCL15.4xCRM15.7xSAP26.6xCDNS36.6xPLTR108.1xSNOW120.5xSector median 22.2xADBE9.3xINTU14.3xORCL15.4xCRM15.7xSAP26.6xCDNS36.6xPLTR108.1xSNOW120.5xSector median 22.2x
Source: CNBC quotes; Mostly Markets
At 157.4x earnings, PLTR is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
400x600xAverage 357.3x20252026157.4x250x500xAverage 357.3x20252026157.4x
Source: Nasdaq prices; SEC filings

Financials

From Palantir Technologies's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 92.8% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0.0bn$0.5bn$1.0bn$1.5bnQ3 ’24Q1 ’25Q3 ’25$1.9bnQ2 ’26$0bn$1bnQ3 ’24Q1 ’25Q3 ’25$1.9bnQ2 ’26
Source: SEC filings
Growth sped up to +92.8% last quarterRevenue growth, year on year, %
0%25%50%75%Q3 ’24Q1 ’25Q3 ’2592.8%Q2 ’260%50%Q3 ’24Q1 ’25Q3 ’2592.8%Q2 ’26
Source: SEC filings
Operating margin was 47.1% last quarterOperating income as a share of revenue, %
0%20%40%Q3 ’24Q1 ’25Q3 ’2547.1%Q2 ’260%20%40%Q3 ’24Q1 ’25Q3 ’2547.1%Q2 ’26
Source: SEC filings
Free cash flow was $3.4 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0.0bn$0.5bn$1.0bnQ3 ’24Q1 ’25Q3 ’25$1.2bnQ2 ’26$0.0bn$0.5bn$1.0bnQ3 ’24Q1 ’25Q3 ’25$1.2bnQ2 ’26
Source: SEC filings
Last 12 monthsPLTRSector median
Revenue growth+78.9%+20.6%
Gross margin84.8%61.5%
Operating margin42.8%17.0%
Free cash flow margin54.6%21.7%
Price to earnings156.9x33.1x

Stories on Palantir Technologies

Thursday, 29 October
Earnings preview

What to Expect From Palantir's (PLTR) Q3 Earnings

Palantir reports after the close on Monday, 2 November. Analysts expect revenue of $2.17 billion to $2.18 billion, up about 84% and above the top of its own forecast.

PLTR▼ 0.2%
A software office at night

Similar companies

Application Software, by market value.

CompanyPriceTodayYTDValue
ORCLOracle$130.67−6.37%−33.0%$396B
SAPSAP$235.02+0.41%−3.2%$289B
CRMSalesforce$229.17−0.75%−13.5%$189B
SNOWSnowflake$306.08−7.32%+39.5%$108B
ADBEAdobe$250.23+0.85%−28.5%$97.39B
INTUIntuit$341.09+2.99%−48.5%$91.15B
CDNSCadence Design Systems$327.89−4.34%+4.9%$89.97B
SNPSSynopsys$467.61−4.61%−0.4%$89.61B