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) Price to free cash flow

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As of 16 October 2026, Palantir Technologies Inc. (PLTR) trades at a price to free cash flow of 133×. Over the past ten years it has ranged from 0.0× (March 2021) to 884× (September 2021); the current reading is higher than 63% of that period. That is above the Software Infrastructure industry median of 16.3× and above the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 201× 34.47%
FY2024 149× 191.95%
FY2023 51.1× (28.85%)
FY2022 71.8× (34.17%)
FY2021 109× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 83.4× (36.00%)
Mar 2026 130× (35.04%)
Dec 2025 201× (17.06%)
Sep 2025 242× 28.12%
23 more quarters

Against its own ten years

Low 0.0× High 884×
Ten-year median 96.1×
Current reading's percentile 63

Price to free cash flow against peers

Company Price to free cash flow
NBIS Nebius Group N.V. compare n/m
ORCL Oracle Corporation compare n/m
SNPS Synopsys, Inc. compare 31.7×
FTNT Fortinet, Inc. compare 39.8×
MSFT Microsoft Corporation compare 58.7×
PANW Palo Alto Networks, Inc. compare 62.3×
PLTR Palantir Technologies Inc. 133×
CRWD CrowdStrike compare 153×
NET Cloudflare, Inc. compare 332×
Software Infrastructure industry median 16.3×
Technology sector median 20.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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