Palantir Technologies Inc. (PLTR) Financial Ratios
8 years of historical data (2018–2025) · Technology · Software - Infrastructure
EV/EBITDA
↑
203.58
↓-45% vs avg
5yr avg: 368.58
P/FCF
↑
140.14
+14% vs avg
5yr avg: 123.45
30Y Low56.6·High162.4
P/B Ratio
↑
44.01
↑+71% vs avg
5yr avg: 25.73
30Y Low5.0·High60.9
ROE
↑
25.8%
↓+15382% vs avg
5yr avg: 0.2%
30Y Low-77%·High26%
Debt/EBITDA
↓
0.16
↓-80% vs avg
5yr avg: 0.78
30Y Low0.2·High1.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PLTR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Palantir Technologies Inc. trades at 203.9x earnings, 30% below its 5-year average of 289.4x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 603%. On a free-cash-flow basis, the stock trades at 140.1x P/FCF, 14% above the 5-year average of 123.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $294.4B | $456.0B | $185.4B | $39.5B | $13.2B | $35.0B | $23.1B | — | — |
| Enterprise Value | $293.2B | $454.8B | $183.5B | $38.9B | $10.9B | $33.0B | $21.5B | — | — |
| P/E Ratio → | 203.92 | 282.14 | 398.05 | 188.06 | — | — | — | — | — |
| P/S Ratio | 65.78 | 101.88 | 64.69 | 17.73 | 6.95 | 22.72 | 21.11 | — | — |
| P/B Ratio | 44.01 | 60.89 | 36.38 | 11.08 | 5.01 | 15.29 | 15.15 | — | — |
| P/FCF | 140.14 | 217.06 | 162.42 | 56.60 | 72.12 | 109.05 | — | — | — |
| P/OCF | 137.92 | 213.62 | 160.64 | 55.40 | 59.22 | 104.92 | — | — | — |
P/E links to full P/E history page with 30-year chart
PLTR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Palantir Technologies Inc.'s enterprise value stands at 203.6x EBITDA, 45% below its 5-year average of 368.6x. The Technology sector median is 16.7x, placing the stock at a 1116% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 101.61 | 64.04 | 17.46 | 5.72 | 21.40 | 19.68 | — | — |
| EV / EBITDA | 203.58 | 315.78 | 536.55 | 253.42 | — | — | — | — | — |
| EV / EBIT | 207.35 | 321.62 | 591.15 | 323.87 | — | — | — | — | — |
| EV / FCF | — | 216.50 | 160.79 | 55.74 | 59.33 | 102.73 | — | — | — |
PLTR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Palantir Technologies Inc. earns an operating margin of 31.6%. Operating margins have expanded from 5.4% to 31.6% over the past 3 years, signaling improving operational efficiency. ROE of 25.8% indicates solid capital efficiency. ROIC of 22.3% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.4% | 82.4% | 80.2% | 80.6% | 78.6% | 78.0% | 67.7% | 67.4% | 72.2% |
| Operating Margin | 31.6% | 31.6% | 10.8% | 5.4% | -8.5% | -26.7% | -107.4% | -77.6% | -104.7% |
| Net Profit Margin | 36.3% | 36.3% | 16.1% | 9.4% | -19.6% | -33.7% | -106.7% | -78.1% | -97.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.8% | 25.8% | 10.7% | 6.8% | -15.1% | -27.3% | -76.6% | — | — |
| ROA | 21.3% | 21.3% | 8.5% | 5.3% | -11.1% | -17.5% | -54.4% | -38.3% | -40.5% |
| ROIC | 22.3% | 22.3% | 7.5% | 5.5% | -43.7% | -269.8% | — | — | — |
| ROCE | 21.6% | 21.6% | 6.8% | 3.6% | -5.9% | -17.6% | -79.5% | -65.3% | -69.3% |
PLTR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Palantir Technologies Inc. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (95% below the sector average of 2.9x). The company holds a net cash position — cash of $1.4B exceeds total debt of $229M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.05 | 0.06 | 0.09 | 0.11 | 0.30 | — | — |
| Debt / EBITDA | 0.16 | 0.16 | 0.70 | 1.50 | — | — | — | — | — |
| Net Debt / Equity | — | -0.16 | -0.36 | -0.17 | -0.89 | -0.89 | -1.02 | — | — |
| Net Debt / EBITDA | -0.83 | -0.83 | -5.44 | -3.92 | — | — | — | — | — |
| Debt / FCF | — | -0.57 | -1.63 | -0.86 | -12.79 | -6.32 | — | — | — |
| Interest Coverage | — | — | — | 34.57 | -39.72 | -133.20 | -82.39 | -184.32 | -164.97 |
Net cash position: cash ($1.4B) exceeds total debt ($229M)
PLTR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Palantir Technologies Inc.'s current ratio of 7.11x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 5.55x to 7.11x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.11 | 7.11 | 5.96 | 5.55 | 5.17 | 4.34 | 3.74 | 1.67 | 2.29 |
| Quick Ratio | 7.11 | 7.11 | 5.96 | 5.55 | 5.17 | 4.34 | 3.74 | 1.67 | 2.29 |
| Cash Ratio | 6.11 | 6.11 | 5.25 | 4.93 | 4.48 | 3.83 | 3.33 | 1.48 | 2.10 |
| Asset Turnover | — | 0.50 | 0.45 | 0.49 | 0.55 | 0.47 | 0.41 | 0.47 | 0.42 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 84.99 | 73.25 | 59.84 | 49.48 | 45.20 | 52.42 | 24.73 | 11.76 |
PLTR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Palantir Technologies Inc. returns 0.0% to shareholders annually primarily through share buybacks. The earnings yield of 0.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.5% | 0.4% | 0.3% | 0.5% | — | — | — | — | — |
| FCF Yield | 0.7% | 0.5% | 0.6% | 1.8% | 1.4% | 0.9% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $2.6B | $2.5B | $2.3B | $2.1B | $1.9B | $979M | $716M | $716M |
Peer Comparison
Compare PLTR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PLTRYou | $294B | 203.9 | 203.6 | 140.1 | 82.4% | 31.6% | 25.8% | 22.3% | 0.2 |
 SNOW | $81B | -58.8 | — | 71.9 | 67.2% | -30.6% | -54.0% | -43.9% | — |
 MDB | $27B | -378.1 | — | 53.5 | 71.7% | -5.6% | -2.5% | -4.9% | — |
 DDOG | $79B | 743.3 | 1030.2 | 79.3 | 80.0% | -1.3% | 3.3% | -0.8% | 19.6 |
 S | $5B | -11.0 | — | 66.6 | 73.2% | -30.9% | -29.0% | -16.6% | — |
 AI | $1B | -3.1 | — | — | 30.9% | -194.9% | -63.0% | -57.8% | — |
 BBAI | $19B | -4.8 | — | — | 22.3% | -65.3% | -96.7% | -19.5% | — |
 SAIC | $4B | 13.3 | 10.2 | 7.5 | 12.1% | 7.2% | 23.3% | 9.9% | 4.0 |
 LDOS | $13B | 9.6 | 7.6 | 8.3 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 BAH | $8B | 9.6 | 9.0 | 8.4 | 20.9% | 9.8% | 80.7% | 18.6% | 3.3 |
 CACI | $10B | 20.9 | 14.1 | 21.4 | 8.9% | 8.9% | 13.5% | 9.2% | 3.5 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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PLTR — Frequently Asked Questions
Quick answers to the most common questions about buying PLTR stock.
What is Palantir Technologies Inc.'s P/E ratio?
Palantir Technologies Inc.'s current P/E ratio is 203.9x. The historical average is 188.1x. This places it at the 100th percentile of its historical range.
What is Palantir Technologies Inc.'s EV/EBITDA?
Palantir Technologies Inc.'s current EV/EBITDA is 203.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is Palantir Technologies Inc.'s ROE?
Palantir Technologies Inc.'s return on equity (ROE) is 25.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -12.6%.
Is PLTR stock overvalued?
Based on historical data, Palantir Technologies Inc. is trading at a P/E of 203.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Palantir Technologies Inc.'s profit margins?
Palantir Technologies Inc. has 82.4% gross margin and 31.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Palantir Technologies Inc. have?
Palantir Technologies Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.