Very little debt to repay and plenty of cash on hand, so it is hard to shake.
Metrics · D/E ~3% · Current Ratio 6.91
💲Is the price expensive now?
On the expensive side
Even accounting for growth expectations, the price is set high.
Metrics · P/E 144.7 · P/B 41.6
💡Virtually debt-free (net cash, 6.9 current ratio) with fast-rising 38% operating and 44% net margins. But at 145x P/E and 63x P/S it is extremely expensive.
Compiled from public financial data. Not a recommendation to buy or sell any security. · Source: Company filings, TradingView (margins, debt, liquidity, P/B are TTM), as of 2026-06-18
Business Summary · Key Value Metrics
Big-data analytics software for governments and enterprises. Core products are Gotham (government/defense), Foundry (enterprise), and AIP (a generative-AI operating system). FY2025 revenue $4.48B, operating income $1.41B (31.6% margin), net income $1.64B. U.S. government/defense contracts and the commercial segment are growing together.
Current Price
$128.47
-1.65%-$2.16· Close 2026-06-18
Analyst Consensus Target (external reference)
$189.87
Avg. of 23 external analysts · TradingView (analyst consensus)
P/E (TTM)
144.7x
TTM · extreme overvaluation
P/S (TTM)
63.2x
TTM · among highest in software
Operating Margin
38.1%
TTM (recent quarter ~46%)
Net Margin
43.7%
TTM
Revenue Growth
+67.7%
TTM YoY · accelerating
Market Cap
$308B
As of 2026-06-18
Economic Moat · Key Business Segments
Gotham (government/defense) is deeply embedded in U.S. government and clearance-holding agencies, where multi-year, long-term contracts and security clearances form the entry barrier. Foundry (enterprise) and AIP integrate an organization's data into an ontology (a model of objects and relationships), so switching costs are high once adopted. Within FY2025 revenue of $4.48B, government and commercial grew together, and data integration, security clearances, and the ontology are the core moat (source: company IR, 10-K).
Gotham (Government/Defense)
Embedded across U.S. government and intelligence agencies. Classified security clearances and multi-year contracts form the entry barrier.
Foundry (Enterprise)
Integrates an organization's entire data into an ontology. Once embedded in operations, switching costs are high.
AIP
An operational layer connecting generative AI to real workflows and decisions. Driving commercial-segment growth.
Ontology / Security Clearances
The data-and-object model and government security clearances are assets that are hard to replicate quickly.
10-Year Financial Trends
Revenue grew from $1.54B in FY2021 to $4.48B in FY2025, and the YoY growth rate accelerated rather than slowed (FY2023 +16.7% → FY2024 +28.8% → FY2025 +56.2%, TTM +67.7%). Operating income swung from a $161M loss in FY2022 to a $120M profit in FY2023 and $1.41B in FY2025 (31.6% margin), and net income turned from -$371M in FY2022 to +$1.64B in FY2025. With FY2024 EPS at $0.19 early in profitability, the P/E started in the hundreds and is falling toward 145x TTM (source: SEC EDGAR 10-K, stockanalysis, macrotrends).
9-Year CAGR: Revenue +30.5% (FY2021→25 4y CAGR) · Operating Income Turned profitable · Net Income Turned profitable · EPS Turned profitable
Source: SEC EDGAR (10-K), stockanalysis, macrotrends, company IR. Fiscal year (December year-end); with the direct listing in September 2020, public financials effectively begin in 2020. EPS and operating income are GAAP. P/E is fiscal year-end price ÷ diluted EPS; with a small denominator early in profitability (e.g., FY2024 EPS of $0.19) it shows in the hundreds and is falling to 145x in 2026 (TTM). ROE here is net income ÷ average equity, which differs from the TTM figure (32.9%).
Mega-Cap Value Metric Comparison
Among data-and-analytics software peers (SNOW, DDOG), only PLTR is clearly GAAP-profitable. Its 38.1% operating margin, 43.7% net margin, +67.7% revenue growth, and 32.9% ROE are all the highest, but its 63.2x P/S is also the highest. SNOW has similar revenue but runs a loss (operating margin -25.6%), while DDOG is just turning profitable (net margin 3.7%) (P/S, margins, growth, ROE all TTM · source: TradingView).
Metric
★ PLTR
SNOW
DDOG
P/S (TTM)
63.2
15.9
22.1
Operating Margin
38.1%
-25.6%
-0.7%
Net Margin
43.7%
-23.8%
3.7%
Revenue YoY Growth
+67.7%
+31.1%
+29.5%
ROE
32.9%
-55.1%
3.9%
P/S used instead of P/E (SNOW has no P/E due to losses; DDOG's 595x P/E is an outlier). All TTM · Source: TradingView, as of 2026-06-18.
Key Risk Factors (from 10-K)
●
Extreme Overvaluation— A 145x P/E, 63x P/S, and 42x P/B are all extreme relative to earnings, sales, and book value. Even a slight slowdown in growth risks a sharp valuation re-rating.Source: TradingView
●
Dependence on Government Budgets and Policy— A large share of revenue comes from U.S. government and defense contracts. Federal budget cuts (e.g., DOGE efficiency drives) or policy shifts would hit directly.Source: Company 10-K Risk Factors
●
Stock-Based Compensation (SBC) Dilution— Heavy stock-based compensation raises the share count and dilutes per-share value, creating a gap between GAAP and adjusted earnings.Source: Company 10-K
●
Key-Person and Concentration Risk— High reliance on key people such as CEO Alex Karp and on a few large customers. A sales-concentration risk.Source: Company 10-K Risk Factors
●
Intensifying Competition— Competition from cloud and AI giants like Microsoft and Google in the data-and-AI platform space.Source: Company 10-K
✦ ValueCrab Dashboard PreviewPLTR $128.47 -1.65% · as of 2026-06-18
Q. What are Palantir's (PLTR) key metrics?P/E (TTM) 144.7, P/S (TTM) 63.2, ROE 32.9%, operating margin 38.1% (TTM), net margin 43.7%, TTM revenue YoY +67.7%, and FY2025 revenue of $4.48B (source: TradingView, SEC, as of 2026-06-18).
Q. What is the analyst price-target consensus for Palantir?The average analyst price target is about $189.87. This is an external consensus, not our own estimate, and implies +47.8% versus the current $128.47. Note that the consensus dispersion is wide for this stock. Source: TradingView, 2026-06.
Q. Isn't a 145x P/E too expensive?A 145x P/E and 63x P/S are extremely high in absolute terms. Revenue is indeed growing fast (+67.7%), but the risk of a valuation re-rating is also large. We do not provide definitive buy or sell opinions.
Q. Is Palantir profitable?Yes. After turning GAAP-profitable in FY2023, it posted FY2025 operating income of $1.41B (31.6% margin) and net income of $1.64B. It carries almost no debt (net cash) and a 6.9 current ratio, so its balance sheet is solid (source: SEC 10-K).
Q. Who are the main competitors and peers?In data-and-analytics software, Snowflake (SNOW) and Datadog (DDOG); across platforms and AI more broadly, its competitive scope overlaps with Microsoft and Google.