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Gross Margin % is calculated as gross profit divided by its revenue. Palantir Technologies's Gross Profit for the three months ended in Mar. 2024 was $518 Mil. Palantir Technologies's Revenue for the three months ended in Mar. 2024 was $634 Mil. Therefore, Palantir Technologies's Gross Margin % for the quarter that ended in Mar. 2024 was 81.67%.
The historical rank and industry rank for Palantir Technologies's Gross Margin % or its related term are showing as below:
During the past 6 years, the highest Gross Margin % of Palantir Technologies was 81.16%. The lowest was 67.36%. And the median was 75.11%.
Palantir Technologies had a gross margin of 81.67% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Palantir Technologies was 3.40% per year.
The historical data trend for Palantir Technologies's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Palantir Technologies Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Gross Margin % | Get a 7-Day Free Trial | 67.36 | 67.74 | 77.99 | 78.56 | 80.62 |
Palantir Technologies Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Gross Margin % | Get a 7-Day Free Trial | 79.50 | 79.96 | 80.66 | 82.14 | 81.67 |
For the Software - Infrastructure subindustry, Palantir Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Software industry and Technology sector, Palantir Technologies's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Palantir Technologies's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Palantir Technologies's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as
Gross Margin % (A: Dec. 2023 ) | = | Gross Profit (A: Dec. 2023 ) | / | Revenue (A: Dec. 2023 ) |
= | 1793.9 | / | 2225.012 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (2225.012 - 431.105) | / | 2225.012 | |
= | 80.62 % |
Palantir Technologies's Gross Margin for the quarter that ended in Mar. 2024 is calculated as
Gross Margin % (Q: Mar. 2024 ) | = | Gross Profit (Q: Mar. 2024 ) | / | Revenue (Q: Mar. 2024 ) |
= | 518.1 | / | 634.338 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (634.338 - 116.256) | / | 634.338 | |
= | 81.67 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Palantir Technologies (NYSE:PLTR) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Palantir Technologies had a gross margin of 81.67% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Thank you for viewing the detailed overview of Palantir Technologies's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alexandra W. Schiff | director | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Alexander D. Moore | director | C/O PALANTIR TECHNOLOGIES, INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Stat Lauren Elaina Friedman | director | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Heather A. Planishek | officer: See Remarks | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Stephen Andrew Cohen | director, officer: President and Secretary | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Ryan D. Taylor | officer: See Remarks | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
David A. Glazer | officer: CFO and Treasurer | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Shyam Sankar | officer: Chief Operating Officer & EVP | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Alexander C. Karp | director, officer: Chief Executive Officer | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Eric H. Woersching | director | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Jeffrey Buckley | officer: Chief Accounting Officer | C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202 |
Spencer M Rascoff | director | 212 26TH STREET, UNIT 317, SANTA MONICA CA 90402 |
Peter Thiel | director, 10 percent owner | 9200 SUNSET BOULEVARD, SUITE 1110, WEST HOLLYWOOD CA 90069 |
Matthew A. Long | officer: General Counsel | C/O PALANTIR TECHNOLOGIES INC., 1555 BLAKE STREET, SUITE 250, DENVER CO 80202 |
Sompo Holdings, Inc. | 10 percent owner | 26-1, NISHI-SHINJUKU 1-CHOME, SHINJUKU-KU, TOKYO M0 160-8338 |
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