Palantir
PLTR Β· Application Software
$196.75
0.3%Zoom Communications
ZM Β· Application Software
$95.77
0.4%The short version
- Zoom Communications is the larger business, with $4.9B of revenue in fiscal 2026 against $4.5B for Palantir.
- Palantir grew revenue faster (56.2%, against 4.4%).
- Palantir kept more of each dollar of sales as operating profit (31.6% operating margin, against 23.1% operating margin).
- Palantir turned more of its sales into free cash flow (46.9% FCF margin, against 39.5% FCF margin).
- Investors pay more for each dollar of Palantirβs earnings: a P/E of 169.6x against 8.9x for Zoom Communications.
| Latest fiscal year | PLTR Β· FY25 | ZM Β· FY26 |
|---|---|---|
| Size | ||
| Market cap | $505.4B | $28.7B |
| Revenue | $4.5B | $4.9B |
| Free cash flow | $2.1B | $1.9B |
| Net income | $1.6B | $1.9B |
| Growth | ||
| Revenue growth | 56.2% | 4.4% |
| 5-year growth | 32.6% | 12.9% |
| Share count change | 4.7% | β2.5% |
| Profitability | ||
| Gross margin | 82.4% | 77.0% |
| Operating margin | 31.6% | 23.1% |
| Net margin | 36.3% | 39.0% |
| FCF margin | 46.9% | 39.5% |
| Return on capital | β | 56.2% |
| Return on equity | 26.2% | 20.3% |
| Balance sheet | ||
| Net debt | β$7.2B | β$7.8B |
| Net debt / EBITDA | β5.0x | β6.2x |
| Dividends and buybacks | $75.0M | $1.6B |
| Valuation & quality | ||
| P/E | 169.6x | 8.9x |
| Piotroski F-score | 7 | 6 |
FY18
PLTR $595M
ZM $152M
FY19
PLTR $743M
ZM $331M
FY20
PLTR $1.1B
ZM $623M
FY21
PLTR $1.5B
ZM $2.7B
FY22
PLTR $1.9B
ZM $4.1B
FY23
PLTR $2.2B
ZM $4.4B
FY24
PLTR $2.9B
ZM $4.5B
FY25
PLTR $4.5B
ZM $4.7B
FY26
PLTR β
ZM $4.9B
PLTR
ZM
FY18
PLTR β104.7%
ZM β3.2%
FY19
PLTR β77.6%
ZM 1.9%
FY20
PLTR β107.4%
ZM 2.0%
FY21
PLTR β26.7%
ZM 24.9%
FY22
PLTR β8.5%
ZM 25.9%
FY23
PLTR 5.4%
ZM 5.6%
FY24
PLTR 10.8%
ZM 11.6%
FY25
PLTR 31.6%
ZM 17.4%
FY26
PLTR β
ZM 23.1%
PLTR
ZM
FY18
PLTR β$52.0M
ZM $9.7M
FY19
PLTR β$178M
ZM $22.9M
FY20
PLTR β$309M
ZM $114M
FY21
PLTR $321M
ZM $1.4B
FY22
PLTR $184M
ZM $1.5B
FY23
PLTR $697M
ZM $1.2B
FY24
PLTR $1.1B
ZM $1.5B
FY25
PLTR $2.1B
ZM $1.8B
FY26
PLTR β
ZM $1.9B
PLTR
ZM
FY18
PLTR β
ZM β
FY19
PLTR β
ZM β
FY20
PLTR β
ZM β
FY21
PLTR β
ZM β
FY22
PLTR β
ZM β
FY23
PLTR β
ZM β
FY24
PLTR β
ZM 43.5%
FY25
PLTR β
ZM 56.8%
FY26
PLTR β
ZM 56.2%
PLTR
ZM
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