FLEX
Flex Ltd.
FLEX has lower modeled downside risk, despite its lower overall score.
PLTR
Palantir Technologies Inc.
PLTR has the edge over FLEX overall, supported by stronger valuation and stronger fundamentals.
FLEX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Healthy |
FLEX's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
PLTR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
PLTR's revenue, profitability, cash flow and balance sheet are all currently strong.
FLEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $31.01 | -60% |
| Forward | 13x | $78.12 | — |
| Fair | 16x | $43.16 | -45% |
| Current | 28x | $78.12 | — |
| Expensive | 29x | $81.26 | +4% |
Historical ranges are pointers, not guarantees.
FLEX's PE is in its expensive range at 28x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its cheap range.
PLTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 75x | $172 | — |
| Current | 120x | $172 | — |
| Cheap | 165x | $236 | +37% |
| Fair | 251x | $359 | +109% |
| Expensive | 452x | $646 | +277% |
Historical ranges are pointers, not guarantees.
PLTR has the edge over FLEX in the historical PE scenario, which offers more potential upside but is not a forecast.
FLEX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for FLEX, with profitability improving.
PLTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for PLTR, with profitability improving.
FLEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.25 | +126% |
| Q3 2026 | $2.77 | +23% |
| Q2 2026 | $2.59 | +14% |
| Q1 2026 | $2.33 | +9.9% |
| Q4 2025 | $2.23 | -10% |
| Q3 2025 | $2.26 | 0% |
| Q2 2025 | $2.28 | +2.2% |
| Q1 2025 | $2.12 | -7.8% |
| Q4 2024 | $2.48 | +47% |
FLEX earned $2.77 per share over the past year, up 23% from the year before.
PLTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.30 | +61% |
| Q3 2026 | $1.43 | +240% |
| Q2 2026 | $1.17 | +290% |
| Q1 2026 | $0.89 | +287% |
| Q4 2025 | $0.63 | +232% |
| Q3 2025 | $0.42 | +110% |
| Q2 2025 | $0.30 | +76% |
| Q1 2025 | $0.23 | +92% |
| Q4 2024 | $0.19 | +111% |
PLTR has the edge over FLEX on earnings, with more consistent year-over-year improvement.
FLEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8.5B | +25% |
| Q2 2026 | $7.9B | +21% |
| Q1 2026 | $7.5B | +17% |
| Q4 2025 | $7.1B | +7.7% |
| Q3 2025 | $6.8B | +4% |
| Q2 2025 | $6.6B | +4.1% |
| Q1 2025 | $6.4B | +3.7% |
| Q4 2024 | $6.6B | -7.7% |
FLEX's revenue has grown year over year for seven quarters in a row: $8.5B last quarter, up 25% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.9% | +0.5 points |
| Q2 2026 | 4.9% | +0.2 points |
| Q1 2026 | 5% | +0.2 points |
| Q4 2025 | 5.5% | +0.4 points |
| Q3 2025 | 4.3% | -0.2 points |
| Q2 2025 | 4.7% | +1 points |
| Q1 2025 | 4.8% | +2.2 points |
| Q4 2024 | 5.1% | +0.2 points |
FLEX's operating margin was 4.9% last quarter, up 0.5 points from the same quarter a year ago.
PLTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +96% |
| Q2 2026 | $1.9B | +93% |
| Q1 2026 | $1.6B | +85% |
| Q4 2025 | $1.4B | +70% |
| Q3 2025 | $1.2B | +63% |
| Q2 2025 | $1B | +48% |
| Q1 2025 | $883.9M | +39% |
| Q4 2024 | $827.5M | +36% |
PLTR has the edge over FLEX on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +14 points |
| Q2 2026 | 47% | +20 points |
| Q1 2026 | 46% | +26 points |
| Q4 2025 | 41% | +40 points |
| Q3 2025 | 33% | +18 points |
| Q2 2025 | 27% | +11 points |
| Q1 2025 | 20% | +7.2 points |
| Q4 2024 | 1.3% | -9.5 points |
PLTR has the edge over FLEX on profitability, with a higher operating margin.
FLEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $260M | -14% |
| Q2 2026 | $40M | -85% |
| Q1 2026 | $211M | -34% |
| Q4 2025 | $272M | -9.6% |
| Q3 2025 | $303M | +40% |
| Q2 2025 | $266M | +16% |
| Q1 2025 | $321M | -46% |
| Q4 2024 | $301M | +95% |
FLEX still generates free cash flow, though less than at its 2024 peak: $783M over the past year.
PLTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +139% |
| Q2 2026 | $1.2B | +126% |
| Q1 2026 | $891.8M | +193% |
| Q4 2025 | $764M | +67% |
| Q3 2025 | $500.9M | +20% |
| Q2 2025 | $531.6M | +276% |
| Q1 2025 | $304.1M | +140% |
| Q4 2024 | $457.2M | +54% |
PLTR has the edge over FLEX on cash flow, with more consistent year-over-year improvement.
FLEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -1.6% | -6M shares |
| 3 years | -17% | -74M shares |
| 5 years | -23% | -113M shares |
| Available history | -27% | -136M shares |
FLEX has the edge over PLTR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $200M |
| Q4 2025 | $200M |
| Q3 2025 | $297M |
| Q2 2025 | $247M |
| Q1 2025 | $299M |
| Q4 2024 | $201M |
FLEX spent $400M buying back its own shares over the past year, down 62% from the year before.
PLTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +5.2M shares |
| 1 year | +0.1% | +2.9M shares |
| 3 years | +11% | +248M shares |
| 5 years | +31% | +610M shares |
| Available history | +184% | +1.7B shares |
PLTR has 2.6B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $19.2M |
| Q3 2025 | $19.2M |
| Q2 2025 | $18.6M |
| Q1 2025 | $18M |
| Q4 2024 | $18.6M |
| Q3 2024 | $18.9M |
| Q2 2024 | $17.7M |
| Q1 2024 | $9M |
FLEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Healthy |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 0.7x | Very low |
| Q4 2019 | 1.9x | Healthy |
FLEX's net debt is about a year of its operating earnings (EBITDA).
PLTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.9x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | -6.1x | Net Cash |
PLTR has the edge over FLEX on leverage, with a lower net debt burden relative to earnings.
FLEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.1 | Neutral |
| Stochastic | 15.8 | Oversold |
FLEX's weekly RSI is 39 (neutral) and its Stochastic is 16 (oversold).
PLTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.4 | Neutral |
| Stochastic | 47.4 | Neutral |
PLTR's weekly RSI is 51 (neutral) and its Stochastic is 47 (neutral).
FLEX PE vs Technology Sector
| Metric | FLEX | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 28x | 1.2% above |
| PE % | 80 | 35 | 45 pts above |
FLEX has the edge over PLTR on valuation relative to its sector.
PLTR PE vs Technology Sector
| Metric | PLTR | Sector median | Relative |
|---|---|---|---|
| PE | 120x | 28x | 331% above |
| PE % | 1 | 38 | 37 pts below |
PLTR is trading at 120x earnings, a 331% premium to the Technology sector's median of 28x.
FLEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $94.1 | 17% below |
| 20 week MA | $109.0 | 28% below |
| 50 week MA | $96.6 | 19% below |
| 100 week MA | $71.6 | 9.2% above |
| 200 week MA | $49.6 | 57% above |
FLEX has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 57% above its 200-week average.
PLTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $185.8 | 7.6% below |
| 20 week MA | $167.6 | 2.4% above |
| 50 week MA | $157.1 | 9.2% above |
| 100 week MA | $143.8 | 19% above |
| 200 week MA | $83.3 | 106% above |
PLTR has the edge over FLEX on trend strength, trading above more of its moving averages.
FLEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.7 | $18.2 | +43% |
| 2021 | $18.2 | $17.8 | -2.1% |
| 2022 | $17.8 | $21.5 | +21% |
| 2023 | $21.5 | $22.2 | +3.2% |
| 2024 | $22.2 | $39.1 | +77% |
| 2025 | $39.1 | $63.3 | +62% |
| 2026 YTD | $63.3 | $78.1 | +23% |
FLEX has the edge over PLTR on returns for 2026, with the stronger performance.
PLTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.20 | $27.8 | +202% |
| 2021 | $27.8 | $18.9 | -32% |
| 2022 | $18.9 | $6.29 | -67% |
| 2023 | $6.29 | $17.2 | +173% |
| 2024 | $17.2 | $79.1 | +361% |
| 2025 | $79.1 | $188.7 | +139% |
| 2026 YTD | $188.7 | $171.6 | -9.1% |
PLTR's yearly returns have swung widely, from +361% in 2024 to −67% in 2022. It's down 9.1% so far in 2026.