Palantir
PLTR · Application Software
$196.75
0.3%Snowflake
SNOW · Application Software
$325.43
3.7%The short version
- Snowflake is the larger business, with $4.7B of revenue in fiscal 2026 against $4.5B for Palantir.
- Palantir grew revenue faster (56.2%, against 29.2%).
- Palantir kept more of each dollar of sales as operating profit (31.6% operating margin, against −30.6% operating margin).
- Palantir turned more of its sales into free cash flow (46.9% FCF margin, against 23.9% FCF margin).
| Latest fiscal year | PLTR · FY25 | SNOW · FY26 |
|---|---|---|
| Size | ||
| Market cap | $505.4B | $113.7B |
| Revenue | $4.5B | $4.7B |
| Free cash flow | $2.1B | $1.1B |
| Net income | $1.6B | −$1.3B |
| Growth | ||
| Revenue growth | 56.2% | 29.2% |
| 5-year growth | 32.6% | 51.2% |
| Share count change | 4.7% | 1.4% |
| Profitability | ||
| Gross margin | 82.4% | 67.2% |
| Operating margin | 31.6% | −30.6% |
| Net margin | 36.3% | −28.4% |
| FCF margin | 46.9% | 23.9% |
| Return on capital | — | — |
| Return on equity | 26.2% | −54.1% |
| Balance sheet | ||
| Net debt | −$7.2B | −$1.7B |
| Net debt / EBITDA | −5.0x | — |
| Dividends and buybacks | $75.0M | $874M |
| Valuation & quality | ||
| P/E | 169.6x | — |
| Piotroski F-score | 7 | 6 |
FY18
PLTR $595M
SNOW —
FY19
PLTR $743M
SNOW $96.7M
FY20
PLTR $1.1B
SNOW $265M
FY21
PLTR $1.5B
SNOW $592M
FY22
PLTR $1.9B
SNOW $1.2B
FY23
PLTR $2.2B
SNOW $2.1B
FY24
PLTR $2.9B
SNOW $2.8B
FY25
PLTR $4.5B
SNOW $3.6B
FY26
PLTR —
SNOW $4.7B
PLTR
SNOW
FY18
PLTR −104.7%
SNOW —
FY19
PLTR −77.6%
SNOW −191.9%
FY20
PLTR −107.4%
SNOW −135.3%
FY21
PLTR −26.7%
SNOW −91.9%
FY22
PLTR −8.5%
SNOW −58.6%
FY23
PLTR 5.4%
SNOW −40.8%
FY24
PLTR 10.8%
SNOW −39.0%
FY25
PLTR 31.6%
SNOW −40.2%
FY26
PLTR —
SNOW −30.6%
PLTR
SNOW
FY18
PLTR −$52.0M
SNOW —
FY19
PLTR −$178M
SNOW −$146M
FY20
PLTR −$309M
SNOW −$195M
FY21
PLTR $321M
SNOW −$80.5M
FY22
PLTR $184M
SNOW $94.0M
FY23
PLTR $697M
SNOW $521M
FY24
PLTR $1.1B
SNOW $813M
FY25
PLTR $2.1B
SNOW $913M
FY26
PLTR —
SNOW $1.1B
PLTR
SNOW
FY18
PLTR —
SNOW —
FY19
PLTR —
SNOW —
FY20
PLTR —
SNOW —
FY21
PLTR —
SNOW —
FY22
PLTR —
SNOW —
FY23
PLTR —
SNOW —
FY24
PLTR —
SNOW —
FY25
PLTR —
SNOW −115.9%
FY26
PLTR —
SNOW —
PLTR
SNOW
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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.