PLTRPalantir Technologies

Technology · Software · Nasdaq

We build software that empowers organizations to effectively integrate their data, decisions, and operations at scale. 10-K, Item 1

Employees: 4,429
Headquarters: Aventura, FL
CEO: Alexander C. Karp
Next results: around Feb 1, 2027

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PLTR and 9 peers, year by year

The 9 Technology companies closest to PLTR in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
PLTR Palantir Technologies	FY2025	$4.5B	+56.2%	82.4%	31.6%	36.3%	46.9%	22.0%	-
NTAP NetApp	FY2026	$6.9B	+5.4%	70.7%	24.2%	18.4%	27.0%	94.4%	1.84
ADSK Autodesk	FY2026	$7.2B	+17.5%	91.0%	21.9%	15.6%	33.4%	36.9%	0.82
FTNT Fortinet	FY2025	$6.8B	+14.2%	80.5%	30.7%	27.3%	32.7%	149.8%	0.81
COHR Coherent Corp.	FY2026	$7.1B	+22.5%	-	-	11.3%	−14.4%	7.4%	0.30
KEYS Keysight Technologies	FY2025	$5.4B	+8.0%	-	16.3%	15.8%	23.8%	14.5%	0.43
TDY Teledyne Technologies	FY2025	$6.1B	+7.9%	-	18.8%	14.6%	17.6%	8.5%	0.24
IT Gartner	FY2025	$6.5B	+3.7%	68.8%	15.8%	11.2%	-	n/m	9.32
ON ON Semiconductor	FY2025	$6.0B	−15.3%	33.1%	1.4%	2.0%	23.7%	1.6%	0.39
ROP Roper Technologies	FY2025	$7.9B	+12.3%	69.2%	28.3%	19.4%	-	7.7%	0.47

Revenuepeer median $6.8B

Sales growthpeer median +8.0%

Gross marginpeer median 70.0%

Operating marginpeer median 20.4%

Net marginpeer median 15.6%

FCF marginpeer median 23.8%

Return on equitypeer median 11.5%

Debt / equitypeer median 0.47

IT 9.32
NTAP 1.84
ADSK 0.82
FTNT 0.81
ROP 0.47
KEYS 0.43
ON 0.39
COHR 0.30
TDY 0.24
PLTR -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2018 to FY2025

Revenue as reported in the 10-K.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	$595.4M	$742.6M	$1.1B	$1.5B	$1.9B	$2.2B	$2.9B	$4.5B
NTAP Apr	$5.9B	$6.1B	$5.4B	$5.7B	$6.3B	$6.4B	$6.3B	$6.6B
ADSK Jan	$2.1B	$2.6B	$3.3B	$3.8B	$4.4B	$5.0B	$5.5B	$6.1B
FTNT Dec	$1.8B	$2.2B	$2.6B	$3.3B	$4.4B	$5.3B	$6.0B	$6.8B
COHR Jun	$1.2B	$1.4B	$3.1B	-	$3.3B	$5.2B	$4.7B	$5.8B
KEYS Oct	$3.9B	$4.3B	$4.2B	$4.9B	$5.4B	$5.5B	$5.0B	$5.4B
TDY Dec	$2.9B	$3.2B	$3.1B	$4.6B	$5.5B	$5.6B	$5.7B	$6.1B
IT Dec	$4.0B	$4.2B	$4.1B	$4.7B	$5.5B	$5.9B	$6.3B	$6.5B
ON Dec	$5.9B	$5.5B	$5.3B	$6.7B	$8.3B	$8.3B	$7.1B	$6.0B
ROP Dec	$5.2B	$4.7B	$4.0B	$4.8B	$5.4B	$6.2B	$7.0B	$7.9B
Peer median	$3.9B	$4.2B	$4.0B	$4.8B	$5.4B	$5.6B	$6.0B	$6.1B

Sales growth, FY2018 to FY2025

Revenue against the fiscal year before.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	-	+24.7%	+47.2%	+41.1%	+23.6%	+16.7%	+28.8%	+56.2%
NTAP Apr	+7.8%	+3.8%	−11.9%	+6.1%	+10.0%	+0.7%	−1.5%	+4.9%
ADSK Jan	+1.3%	+25.0%	+27.4%	+15.8%	+15.7%	+14.1%	+9.8%	+11.5%
FTNT Dec	+20.5%	+19.9%	+19.9%	+28.8%	+32.2%	+20.1%	+12.3%	+14.2%
COHR Jun	+19.2%	+17.6%	+30.5%	-	+6.8%	+55.6%	−8.8%	+23.4%
KEYS Oct	+21.6%	+11.0%	−1.9%	+17.1%	+9.7%	+0.8%	−8.9%	+8.0%
TDY Dec	+11.4%	+9.0%	−2.4%	+49.5%	+18.3%	+3.2%	+0.6%	+7.9%
IT Dec	+20.1%	+6.8%	−3.4%	+15.5%	+15.7%	+7.9%	+6.1%	+3.7%
ON Dec	+6.0%	−6.1%	−4.8%	+28.3%	+23.5%	−0.9%	−14.2%	−15.3%
ROP Dec	+12.7%	+3.4%	+2.7%	+20.2%	+11.1%	+15.0%	+13.9%	+12.3%
Peer median	+12.7%	+9.0%	−1.9%	+18.6%	+15.7%	+7.9%	+0.6%	+8.0%

Gross margin, FY2018 to FY2025

Gross profit / revenue.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	72.2%	67.4%	67.7%	78.0%	78.6%	80.6%	80.2%	82.4%
NTAP Apr	62.7%	64.2%	66.9%	66.4%	66.8%	66.2%	70.7%	70.2%
ADSK Jan	85.2%	88.9%	90.1%	91.1%	90.5%	90.4%	90.7%	90.6%
FTNT Dec	75.0%	76.6%	78.0%	76.6%	75.4%	76.7%	80.6%	80.5%
COHR Jun	-	-	-	-	-	-	-	-
KEYS Oct	-	-	-	-	-	-	-	-
TDY Dec	-	-	-	-	-	-	-	-
IT Dec	-	-	-	-	69.7%	68.3%	68.3%	68.8%
ON Dec	38.1%	35.8%	32.7%	40.3%	49.0%	47.1%	45.4%	33.1%
ROP Dec	63.2%	66.4%	70.3%	70.5%	69.9%	69.7%	69.3%	69.2%
Peer median	63.2%	66.4%	70.3%	70.5%	69.8%	69.0%	70.0%	69.7%

Operating margin, FY2018 to FY2025

Operating income / revenue.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	−104.7%	−77.6%	−107.4%	−26.7%	−8.5%	5.4%	10.8%	31.6%
NTAP Apr	19.6%	19.9%	17.5%	17.9%	18.3%	16.0%	19.4%	20.3%
ADSK Jan	−24.8%	−1.0%	10.5%	16.6%	14.1%	19.8%	20.5%	22.1%
FTNT Dec	13.0%	16.2%	20.5%	19.5%	21.9%	23.4%	30.3%	30.7%
COHR Jun	11.8%	10.9%	12.9%	-	12.5%	−0.7%	2.0%	-
KEYS Oct	−10.2%	16.5%	18.1%	21.9%	24.6%	24.9%	16.7%	16.3%
TDY Dec	14.4%	15.5%	15.6%	13.5%	17.8%	18.4%	17.4%	18.8%
IT Dec	6.5%	8.7%	12.0%	19.3%	20.1%	20.9%	18.4%	15.8%
ON Dec	14.4%	7.8%	6.6%	19.1%	28.3%	30.8%	25.0%	1.4%
ROP Dec	26.9%	28.1%	26.9%	25.7%	28.4%	28.2%	28.4%	28.3%
Peer median	13.0%	15.5%	15.6%	19.2%	20.1%	20.9%	19.4%	19.6%

Net margin, FY2018 to FY2025

Net income / revenue.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	−97.4%	−78.1%	−106.7%	−33.7%	−19.6%	9.4%	16.1%	36.3%
NTAP Apr	2.0%	19.0%	15.1%	12.7%	14.8%	20.0%	15.7%	18.0%
ADSK Jan	−27.6%	−3.1%	6.6%	31.9%	11.3%	16.4%	16.5%	18.1%
FTNT Dec	18.6%	15.3%	18.8%	18.2%	19.4%	21.6%	29.3%	27.3%
COHR Jun	7.6%	7.9%	9.6%	-	7.1%	−5.0%	−3.3%	0.8%
KEYS Oct	4.3%	14.4%	14.9%	18.1%	20.7%	19.3%	12.3%	15.8%
TDY Dec	11.5%	12.7%	13.0%	9.7%	14.4%	15.7%	14.4%	14.6%
IT Dec	3.1%	5.5%	6.5%	16.8%	14.8%	14.9%	20.0%	11.2%
ON Dec	10.7%	3.8%	4.5%	15.0%	22.8%	26.5%	22.2%	2.0%
ROP Dec	18.2%	37.4%	23.6%	23.8%	84.6%	22.4%	22.0%	19.4%
Peer median	7.6%	12.7%	13.0%	17.4%	14.8%	19.3%	16.5%	15.8%

Free cash flow, FY2018 to FY2025

Cash from operations minus capital spending.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	−$52.0M	−$178.3M	−$308.8M	$321.2M	$183.7M	$697.1M	$1.1B	$2.1B
NTAP Apr	$1.3B	$1.2B	$936.0M	$1.2B	$985.0M	$868.0M	$1.5B	$1.3B
ADSK Jan	-	$310.1M	$1.4B	$1.3B	$1.5B	$2.0B	$1.3B	$1.6B
FTNT Dec	$585.9M	$715.8M	$957.8M	$1.2B	$1.4B	$1.7B	$1.9B	$2.2B
COHR Jun	$7.6M	$41.4M	$428.0M	-	$99.0M	$198.0M	$198.9M	$192.8M
KEYS Oct	$423.0M	$878.0M	$899.0M	$1.1B	$959.0M	$1.2B	$898.0M	$1.3B
TDY Dec	$360.1M	$393.7M	$547.5M	$723.0M	$394.2M	$721.2M	$1.1B	$1.1B
IT Dec	-	-	-	-	-	-	-	-
ON Dec	$759.4M	$160.1M	$500.7M	$1.3B	$1.6B	$438.4M	$1.2B	$1.4B
ROP Dec	$1.4B	-	-	-	-	-	-	-
Peer median	$585.9M	$393.7M	$899.0M	$1.2B	$985.0M	$868.0M	$1.2B	$1.3B

FCF margin, FY2018 to FY2025

Free cash flow / revenue.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	−8.7%	−24.0%	−28.3%	20.8%	9.6%	31.3%	39.8%	46.9%
NTAP Apr	22.5%	19.0%	17.3%	20.4%	15.6%	13.6%	24.4%	20.4%
ADSK Jan	-	12.1%	41.6%	35.5%	33.6%	40.6%	23.3%	25.6%
FTNT Dec	32.5%	33.1%	36.9%	36.0%	32.8%	32.6%	31.6%	32.7%
COHR Jun	0.7%	3.0%	13.8%	-	3.0%	3.8%	4.2%	3.3%
KEYS Oct	10.9%	20.4%	21.3%	23.2%	17.7%	22.2%	18.0%	23.8%
TDY Dec	12.4%	12.4%	17.7%	15.7%	7.2%	12.8%	19.5%	17.6%
IT Dec	-	-	-	-	-	-	-	-
ON Dec	12.9%	2.9%	9.5%	19.8%	19.2%	5.3%	17.1%	23.7%
ROP Dec	26.6%	-	-	-	-	-	-	-
Peer median	12.9%	12.4%	17.7%	21.8%	17.7%	13.6%	19.5%	23.7%

Return on equity, FY2018 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	n/m	n/m	−76.6%	−22.7%	−14.6%	6.0%	9.2%	22.0%
NTAP Apr	5.1%	107.2%	n/m	106.6%	111.8%	109.9%	86.0%	114.0%
ADSK Jan	n/m	n/m	n/m	125.2%	58.5%	71.9%	48.8%	42.4%
FTNT Dec	32.7%	24.7%	57.1%	77.6%	n/m	n/m	116.8%	149.8%
COHR Jun	8.6%	9.5%	8.7%	-	6.5%	−5.2%	−3.0%	0.9%
KEYS Oct	6.8%	20.7%	19.0%	23.6%	27.0%	22.7%	12.0%	14.5%
TDY Dec	15.0%	14.8%	12.4%	5.8%	9.7%	9.6%	8.6%	8.5%
IT Dec	14.4%	24.9%	24.5%	n/m	n/m	129.7%	92.2%	n/m
ON Dec	19.8%	6.4%	6.6%	22.0%	30.7%	28.1%	17.9%	1.6%
ROP Dec	12.2%	18.6%	9.1%	10.0%	28.3%	7.9%	8.2%	7.7%
Peer median	13.3%	19.6%	12.4%	23.6%	28.3%	25.4%	17.9%	11.5%

Debt / equity, FY2018 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	-	n/m	0.13	0.00	-	-	-	-
NTAP Apr	0.85	1.64	6.89	3.84	3.15	2.06	2.09	3.11
ADSK Jan	n/m	n/m	n/m	1.71	3.12	2.01	1.24	0.88
FTNT Dec	-	-	0.00	1.26	n/m	n/m	0.67	0.81
COHR Jun	0.43	0.41	0.40	-	0.64	0.86	0.79	0.65
KEYS Oct	0.53	0.60	0.54	0.47	0.43	0.39	0.35	0.43
TDY Dec	0.34	0.31	0.24	0.54	0.48	0.35	0.28	0.24
IT Dec	2.68	2.33	1.81	6.64	10.81	3.61	1.81	9.32
ON Dec	0.93	1.14	1.01	0.71	0.52	0.43	0.38	0.39
ROP Dec	0.64	0.56	0.91	0.69	0.42	0.36	0.40	0.47
Peer median	0.64	0.60	0.73	0.99	0.58	0.65	0.67	0.65

EPS (diluted), FY2018 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
PLTR Dec	−$1.17	−$1.02	−$1.20	−$0.27	−$0.18	$0.09	$0.19	$0.63
NTAP Apr	$0.42	$4.51	$3.52	$3.23	$4.09	$5.79	$4.63	$5.67
ADSK Jan	−$2.58	−$0.37	$0.96	$5.44	$2.24	$3.78	$4.19	$5.12
FTNT Dec	$0.38	$0.38	$0.58	$0.73	$1.06	$1.46	$2.26	$2.42
COHR Jun	$1.35	$1.63	$2.37	-	$1.45	−$2.93	−$1.84	−$0.52
KEYS Oct	$0.86	$3.25	$3.31	$4.78	$6.18	$5.91	$3.51	$4.91
TDY Dec	$9.01	$10.73	$10.62	$10.05	$16.53	$18.49	$17.21	$18.88
IT Dec	$1.33	$2.56	$2.96	$9.21	$9.96	$11.08	$16.00	$9.65
ON Dec	$1.44	$0.51	$0.56	$2.27	$4.25	$4.89	$3.63	$0.29
ROP Dec	$9.05	$16.82	$8.98	$10.82	$42.55	$12.89	$14.35	$14.20
Peer median	$1.33	$2.56	$2.96	$5.11	$4.25	$5.79	$4.19	$5.12

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out PLTR and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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