Palantir Technologies Inc.

PLTR Technology Software Infrastructure

Palantir Technologies Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 billion, up 56.2% from fiscal 2024. In the quarter to June 2026, revenue grew 92.8%, EPS grew 214.3% and free cash flow grew 126.0%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for five consecutive years, operating cash flow growth for three.

186.03 14.47 −7.22%
Market cap
$481.8B
P/E
148×
Fwd P/E
100×
Dividend yield
—
F-score
8/9
Altman Z
180.37
Beneish M
−1.99
Dividend safety
n/a

Palantir Technologies Inc. (PLTR) Free cash flow margin

Alert me on Free cash flow margin

Palantir Technologies Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 54.6%, up 7.6 percentage points from fiscal 2025 (46.9%). Over the past ten years it has ranged from −28.3% (fiscal 2020) to 46.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Infrastructure industry median of 1.67% and above the Technology sector median of 1.72%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 46.9% 7.11
FY2024 39.8% 8.50
FY2023 31.3% 21.69
FY2022 9.64% (11.19)
FY2021 20.8% 49.09
FY2020 −28.3% (4.25)
FY2019 −24.0% (16.32)
FY2018 −7.69% —

Against its own ten years

Low −28.3% High 46.9%
Ten-year median 15.2%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
PLTR Palantir Technologies Inc. 54.6%
FTNT Fortinet, Inc. compare 41.4%
PANW Palo Alto Networks, Inc. compare 35.8%
SNPS Synopsys, Inc. compare 29.2%
CRWD CrowdStrike compare 28.0%
MSFT Microsoft Corporation compare 20.2%
NET Cloudflare, Inc. compare 12.5%
ORCL Oracle Corporation compare −40.0%
NBIS Nebius Group N.V. compare −433.8%
Software Infrastructure industry median 1.67%
Technology sector median 1.72%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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