Is the business good?
How good a business is PLTR?
Palantir Technologies keeps 43% of every revenue dollar as operating profit, against 6.1% for the median Software - Infrastructure name.
43%
Operating margin · Software - Infrastructure median 6.1% · 12 months to Q2 2026
- Cash conversion
- 1.11×
Cash conversion · 2.24× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +0.23%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 10%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −107% |
| FY2021 | −27% |
| FY2022 | −8.5% |
| FY2023 | 5.4% |
| FY2024 | 11% |
| FY2025 | 32% |
Details›
- Gross margin12 months to Q2 2026
- 85%
- Operating margin12 months to Q2 2026
- 43%
- Net margin12 months to Q2 2026
- 49%
- Free cash flow margin
- 55%
- R&D as % of revenue
- 10%
- Revenue, trailing twelve months
- $6.16B
- Free cash flow, trailing twelve months
- $3.36B
- Net income, trailing twelve months
- $3.02B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Infrastructure
Ranks #42 of 78 by Smart Score