Microsoft
MSFT · Systems Software
$524.51
0.7%Palantir
PLTR · Application Software
$196.75
0.3%The short version
- Microsoft is the larger business, with $331.8B of revenue in fiscal 2026 against $4.5B for Palantir, about 74 times as much.
- Palantir grew revenue faster (56.2%, against 17.8%).
- Microsoft kept more of each dollar of sales as operating profit (46.8% operating margin, against 31.6% operating margin).
- Palantir turned more of its sales into free cash flow (46.9% FCF margin, against 20.2% FCF margin).
- Investors pay more for each dollar of Palantir’s earnings: a P/E of 169.6x against 29.2x for Microsoft.
| Latest fiscal year | MSFT · FY26 | PLTR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.91T | $505.4B |
| Revenue | $331.8B | $4.5B |
| Free cash flow | $67.0B | $2.1B |
| Net income | $133.7B | $1.6B |
| Growth | ||
| Revenue growth | 17.8% | 56.2% |
| 5-year growth | 14.6% | 32.6% |
| Share count change | −0.2% | 4.7% |
| Profitability | ||
| Gross margin | 67.9% | 82.4% |
| Operating margin | 46.8% | 31.6% |
| Net margin | 40.3% | 36.3% |
| FCF margin | 20.2% | 46.9% |
| Return on capital | 30.9% | — |
| Return on equity | 34.0% | 26.2% |
| Balance sheet | ||
| Net debt | $30.0B | −$7.2B |
| Net debt / EBITDA | 0.2x | −5.0x |
| Dividends and buybacks | $48.7B | $75.0M |
| Valuation & quality | ||
| P/E | 29.2x | 169.6x |
| Piotroski F-score | 6 | 7 |
FY17
MSFT $96.6B
PLTR —
FY18
MSFT $110.4B
PLTR $595M
FY19
MSFT $125.8B
PLTR $743M
FY20
MSFT $143.0B
PLTR $1.1B
FY21
MSFT $168.1B
PLTR $1.5B
FY22
MSFT $198.3B
PLTR $1.9B
FY23
MSFT $211.9B
PLTR $2.2B
FY24
MSFT $245.1B
PLTR $2.9B
FY25
MSFT $281.7B
PLTR $4.5B
FY26
MSFT $331.8B
PLTR —
MSFT
PLTR
FY17
MSFT 30.1%
PLTR —
FY18
MSFT 31.8%
PLTR −104.7%
FY19
MSFT 34.1%
PLTR −77.6%
FY20
MSFT 37.0%
PLTR −107.4%
FY21
MSFT 41.6%
PLTR −26.7%
FY22
MSFT 42.1%
PLTR −8.5%
FY23
MSFT 41.8%
PLTR 5.4%
FY24
MSFT 44.6%
PLTR 10.8%
FY25
MSFT 45.6%
PLTR 31.6%
FY26
MSFT 46.8%
PLTR —
MSFT
PLTR
FY17
MSFT $31.4B
PLTR —
FY18
MSFT $32.3B
PLTR −$52.0M
FY19
MSFT $38.3B
PLTR −$178M
FY20
MSFT $45.2B
PLTR −$309M
FY21
MSFT $56.1B
PLTR $321M
FY22
MSFT $65.1B
PLTR $184M
FY23
MSFT $59.5B
PLTR $697M
FY24
MSFT $74.1B
PLTR $1.1B
FY25
MSFT $71.6B
PLTR $2.1B
FY26
MSFT $67.0B
PLTR —
MSFT
PLTR
FY17
MSFT 74.1%
PLTR —
FY18
MSFT 48.1%
PLTR —
FY19
MSFT 100.6%
PLTR —
FY20
MSFT 86.8%
PLTR —
FY21
MSFT 88.0%
PLTR —
FY22
MSFT 69.4%
PLTR —
FY23
MSFT 50.2%
PLTR —
FY24
MSFT 41.5%
PLTR —
FY25
MSFT 34.7%
PLTR —
FY26
MSFT 30.9%
PLTR —
MSFT
PLTR
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.