Palantir Technologies Inc. (PLTR) Key Metrics
PLTR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $447.04B
- Enterprise value
- $451.68B
- P/E (TTM)
- 160.4 10-yr median 280.6
- Forward P/E
- 85.5
- PEG ratio
- 1.85
- Price / sales
- 72.6 10-yr median 21.9
- Price / book
- 47.2 10-yr median 15.2
- EV / EBITDA
- 169.6 10-yr median 266.7
- Dividend yield
- —
- Beta
- 1.60
PLTR key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPLTR valuation Price multiples at each fiscal year-end price.
PLTR returns How much profit the business earns on the capital it uses.
PLTR per-share figures Results divided by the shares outstanding at year-end.
PLTR financial health Debt, liquidity and how easily interest is covered.
PLTR efficiency & capital use Working capital cycle and where the cash goes.
PLTR valuation history
PLTR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PLTR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PLTR cash returned to shareholders
PLTR price vs earnings per share
PLTR key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $455.96B | $185.36B | $39.46B | $13.25B | $35.03B | $23.06B | — | — |
| Enterprise value | $449.02B | $180.36B | $36.01B | $10.87B | $32.76B | $21.51B | — | — |
| P/E ratio | 280.6 | 401.0 | 188.0 | — | — | — | — | — |
| Price / sales | 101.9 | 64.7 | 17.7 | 7.0 | 22.7 | 21.1 | — | — |
| Price / book | 61.7 | 37.0 | 11.1 | 5.0 | 15.3 | 15.1 | — | — |
| Price / free cash flow | 217.1 | 162.4 | 56.6 | 72.1 | 109.0 | — | — | — |
| Price / operating cash flow | 213.6 | 160.6 | 55.4 | 59.2 | 104.9 | — | — | — |
| EV / sales | 100.3 | 62.9 | 16.2 | 5.7 | 21.2 | 19.7 | — | — |
| EV / EBITDA | 266.7 | 346.3 | 131.5 | — | — | — | — | — |
| EV / free cash flow | 213.8 | 158.0 | 51.7 | 59.1 | 102.0 | — | — | — |
| Earnings yield | 0.4% | 0.2% | 0.5% | −2.8% | −1.5% | −5.1% | — | — |
| Free cash flow yield | 0.5% | 0.6% | 1.8% | 1.4% | 0.9% | −1.3% | — | — |
| Dividend yield | — | — | — | — | — | 2.2% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.2% | — | — |
| Share price at fiscal year-end | $177.75 | $75.63 | $17.17 | $6.42 | $18.21 | $23.55 | — | — |
| Per share | ||||||||
| Revenue per share | $1.74 | $1.17 | $0.97 | $0.92 | $0.80 | $1.12 | $1.04 | $0.83 |
| Earnings per share | $0.63 | $0.19 | $0.09 | −$0.18 | −$0.27 | −$1.19 | −$0.81 | −$0.81 |
| Operating cash flow per share | $0.83 | $0.47 | $0.31 | $0.11 | $0.17 | −$0.30 | −$0.23 | −$0.05 |
| Free cash flow per share | $0.82 | $0.47 | $0.30 | $0.09 | $0.17 | −$0.32 | −$0.25 | −$0.07 |
| Cash per share | $2.80 | $2.13 | $1.60 | $1.28 | $1.31 | $2.05 | $1.51 | $1.56 |
| Book value per share | $2.88 | $2.04 | $1.55 | $1.28 | $1.19 | $1.55 | −$2.77 | −$2.45 |
| Tangible book value per share | $2.88 | $2.03 | $1.54 | $1.28 | $1.19 | $1.55 | −$2.77 | −$2.45 |
| Dividends per share | — | — | — | — | — | $0.51 | $0.05 | $0.02 |
| Capex per share | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 |
| Debt per share | $0.09 | $0.10 | $0.10 | $0.12 | $0.14 | $0.47 | $0.55 | — |
| Shares outstanding | 2.57B | 2.45B | 2.30B | 2.06B | 1.92B | 979.3M | 716.0M | 716.0M |
| Change in shares outstanding | +4.7% | +6.7% | +11.3% | +7.3% | +96.4% | +36.8% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 26.2% | 10.8% | 6.8% | −15.1% | −27.3% | — | — | — |
| Return on invested capital (ROIC) | 617.0% | 462.8% | 58.8% | −89.5% | — | — | — | — |
| Return on assets (ROA) | 21.3% | 8.5% | 5.3% | −11.1% | −17.5% | −54.4% | −38.3% | −40.5% |
| Return on tangible assets | 18.3% | 7.3% | 4.7% | −10.8% | −16.0% | −43.4% | −36.4% | −40.5% |
| Free cash flow margin | 46.9% | 39.8% | 31.3% | 9.6% | 20.8% | −28.3% | −24.0% | −8.7% |
| Income quality (OCF / net income) | 1.31 | 2.50 | 3.39 | — | — | — | — | — |
| Financial health | ||||||||
| Total debt | $229.3M | $239.2M | $229.4M | $249.4M | $260.1M | $456.9M | $396.1M | — |
| Cash & short-term investments | $7.18B | $5.23B | $3.67B | $2.63B | $2.52B | $2.01B | $1.08B | $1.12B |
| Net debt | −$6.95B | −$4.99B | −$3.45B | −$2.38B | −$2.26B | −$1.55B | −$683.1M | −$1.12B |
| Debt / equity | 0.03 | 0.05 | 0.06 | 0.09 | 0.11 | 0.30 | — | — |
| Debt / assets | 0.03 | 0.04 | 0.05 | 0.07 | 0.08 | 0.17 | 0.25 | — |
| Net debt / EBITDA | −4.13 | −9.58 | −12.58 | — | — | — | — | — |
| Current ratio | 7.11 | 5.96 | 5.55 | 5.17 | 4.34 | 3.74 | 1.67 | 2.29 |
| Quick ratio | 7.11 | 5.96 | 5.55 | 5.17 | 4.34 | 3.74 | 1.67 | 2.29 |
| Interest coverage | — | — | 34.6 | -39.7 | -112.9 | -83.0 | -188.3 | -181.2 |
| Working capital | $7.18B | $4.94B | $3.39B | $2.45B | $2.20B | $1.65B | $485.6M | $688.2M |
| Invested capital | $439.6M | $12.5M | $115.8M | $258.2M | $26.3M | −$31.9M | −$2.66B | −$2.87B |
| Tangible asset value | $7.49B | $5.08B | $3.54B | $2.64B | $2.29B | $1.52B | −$1.98B | −$1.75B |
| Net current asset value | $6.95B | $4.69B | $3.18B | $2.22B | $1.91B | $1.09B | −$2.36B | −$1.96B |
| Graham number | $6.41 | $2.94 | $1.78 | — | — | — | — | — |
| Graham net-net per share | $2.55 | $1.80 | $1.30 | $0.97 | $0.89 | $0.98 | −$3.43 | −$2.87 |
| Capital allocation | ||||||||
| Dividends paid | — | — | — | — | — | $498.2M | $36.8M | $12.7M |
| Share buybacks (net) | $75.0M | $64.2M | $0 | $0 | $0 | $3.8M | $11.2M | $7.7M |
| Dividends + buybacks / free cash flow | 3.6% | 5.6% | 0.0% | 0.0% | 0.0% | — | — | — |
| Capex / revenue | 0.8% | 0.4% | 0.7% | 2.1% | 0.8% | 1.1% | 1.8% | 2.2% |
| Capex / operating cash flow | 1.6% | 1.1% | 2.1% | 17.9% | 3.8% | — | — | — |
| Capex / depreciation | 1.30 | 0.40 | 0.45 | 1.78 | 0.85 | 0.88 | 1.07 | 0.93 |
| Stock-based compensation / revenue | 15.3% | 24.1% | 21.4% | 29.6% | 50.5% | 116.3% | 32.6% | 41.7% |
| R&D / revenue | 12.5% | 17.7% | 18.2% | 18.9% | 25.1% | 51.3% | 41.2% | 47.9% |
| SG&A / revenue | 38.3% | 51.7% | 57.0% | 68.1% | 79.5% | 123.8% | 103.8% | 129.0% |
| Efficiency | ||||||||
| Days sales outstanding | 65.9 | 59.9 | 51.1 | 43.0 | 41.2 | 34.6 | 17.1 | 11.8 |
| Days payables outstanding | 1.9 | 3.9 | 24.1 | 53.5 | 49.1 | 35.2 | 59.6 | 60.5 |
| Cash conversion cycle (days) | 64.1 | 55.9 | 27.0 | -10.4 | -7.9 | -0.6 | -42.5 | -48.7 |
| Receivables turnover | 5.54 | 6.10 | 7.14 | 8.48 | 8.87 | 10.54 | 21.37 | 31.03 |
| Payables turnover | 193.26 | 92.60 | 15.15 | 6.83 | 7.44 | 10.35 | 6.13 | 6.04 |
| Asset turnover | 0.59 | 0.53 | 0.56 | 0.57 | 0.52 | 0.51 | 0.49 | 0.42 |
| Average receivables | $808.6M | $469.9M | $311.6M | $224.6M | $173.9M | $103.6M | $34.8M | $19.2M |
| Average payables | $4.1M | $6.1M | $28.5M | $59.8M | $45.6M | $34.0M | $39.6M | $27.4M |
| Intangibles / total assets | 0.0% | 0.3% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from PLTR's annual financial statements (latest annual report filed February 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PLTR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Palantir traded at 280.6 times earnings, against a 8-year median of 280.6. Based on the latest twelve months, the trailing P/E is 160.4 and the forward P/E is 85.5. Palantir earned a return on equity of 26.2% and a return on invested capital of 617.0% in fiscal 2025. It ended the year with $229.3 million of debt and $7.2 billion in cash and short-term investments, a net cash position of $6.9 billion. It returned $75.0 million to shareholders: $0 in dividends and $75.0 million in share buybacks, 4% of free cash flow. The share count rose 258.3% from 716.0M to 2.57B over 7 years.
See the PLTR income statement, the PLTR chart for price history, or the PLTR stock overview for the latest quote and news.
PLTR key metrics FAQ
What is Palantir's P/E ratio?
Palantir's trailing P/E ratio is 160.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 85.5. At the end of fiscal 2025 it was 280.6, compared with a 8-year median of 280.6.
What is Palantir's EV/EBITDA?
Palantir's enterprise value was 266.7 times EBITDA at the end of fiscal 2025 (enterprise value $449.0 billion, EBITDA $1.7 billion); the current EV/EBITDA is 169.6.
What is Palantir's return on equity?
Palantir's return on equity (ROE) was 26.2% in fiscal 2025: net income of $1.6 billion on average shareholders' equity of $6.2 billion.
What is Palantir's ROIC?
Palantir's return on invested capital was 617.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Palantir have?
Palantir had total debt of $229.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.03 and more cash than debt.
Does Palantir buy back its shares?
Yes. Palantir spent $75.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +4.7% over the year, to 2.57B..
What is Palantir's free cash flow yield?
Palantir generated $2.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 0.5% on its market value at year-end ($456.0 billion).
What is Palantir's current ratio?
Palantir's current ratio was 7.11 at the end of fiscal 2025: current assets were 7.11 times current liabilities.