Palantir Technologies Inc.
Rank #212HypergrowthPLTR · Nasdaq · Technology
Palantir Technologies Inc. (PLTR) — Rank #212 by gross profitability (GP/assets 0.32) · ROE 16.6% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0001321655 · all metrics point-in-time as of the filing date.
About
Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally.
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It provides Palantir Gotham integrates with other platforms for defense offerings which enables users to see, understand, and act in the modern battlespace; operations centers to the tactical edge; integrating data from domains and sensors in near real-time; and situational awareness and accelerating operational decision-making, as well as facilitates the hand-off between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. It also offers Palantir Foundry, a platform that helps organizations operate by creating a central operating system for their data; and allows individual users to integrate and analyze the data they need in one place. In addition, it provides Palantir Apollo, a software that delivers software and updates across the business, as well as enables customers to deploy their software virtually in any environment; and Palantir Artificial Intelligence Platform that provides unified access to open-source, self-hosted, and commercial large language models (LLMs) that can transform structured and unstructured data into LLM-understandable objects and can turn organizations' actions and processes into tools for humans and LLM-driven agents. The company also has a strategic partnership with Ondas Inc. to develop and deploy AI-enabled operational capabilities to scale stratospheric, aerial, and land-based ISR missions. The company has a strategic collaboration with NVIDIA to deliver an intelligent engine for running NVIDIA AI and Nemotron open models in sovereign environments and with PwC to transform critical business operations and deliver measurable enterprise value.
The company was incorporated in 2003 and is headquartered in Aventura, Florida.
- Industry
- Software - Infrastructure
- Sector
- Technology
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- palantir.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$417.47B
P/E (annual)
275.8
P/S (annual)
93.3
P/B
42.7
P/OCF (annual)
195.6
Shareholder Yield
-4.7%
Employees
4,401
Industry
Software - Infrastructure
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 3/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
40.9%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 4.7% — per-share value needs a total required return of 45.6% once share-count change is priced in.
vs. own 6-year median revenue growth: 34.9%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
34.8%
r = 10% (base)
40.9%
r = 12%
46.2%
Net debt / market cap: -2.1%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.32
Primary signal (Novy-Marx).
43rd pctl of 38 SIC 7372 peers
Return on equity
16.6%
Gross margin
82.4%
86th pctl of 38 SIC 7372 peers
Revenue growth (YoY)
56.2%
RPO growth (YoY)
141.2%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
32.9%
Revenue CAGR (5Y)
32.6%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
125.3%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.18
91st pctl of 33 SIC 7372 peers (best = lowest)
Current ratio
7.23×
95th pctl of 38 SIC 7372 peers
Quick ratio
7.09×
Net cash
$9.41B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$2.10B
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.29
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
15.3%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.