PLTR
Palantir Technologies Inc.
PLTR has the edge over SPSC overall, supported by stronger fundamentals and stronger modeled upside.
SPSC
SPS Commerce, Inc.
SPSC has lower modeled downside risk, despite its lower overall score.
PLTR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
PLTR's revenue, profitability, cash flow and balance sheet are all currently strong.
SPSC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
SPSC's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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 SPSC in the historical PE scenario, which offers more potential upside but is not a forecast.
SPSC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $82.25 | — |
| Current | 36x | $82.25 | — |
| Cheap | 49x | $110 | +33% |
| Fair | 87x | $196 | +138% |
| Expensive | 104x | $235 | +186% |
Historical ranges are pointers, not guarantees.
SPSC's PE is in its cheap range at 36x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
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.
SPSC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for SPSC, with profitability improving. However, they disagree widely on these estimates.
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 SPSC on earnings, with more consistent year-over-year improvement.
SPSC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.36 | +137% |
| Q3 2026 | $2.26 | +1.3% |
| Q2 2026 | $2.08 | -4.6% |
| Q1 2026 | $2.41 | +13% |
| Q4 2025 | $2.46 | +21% |
| Q3 2025 | $2.23 | +6.7% |
| Q2 2025 | $2.18 | +14% |
| Q1 2025 | $2.14 | +17% |
| Q4 2024 | $2.04 | +16% |
SPSC earned $2.26 per share over the past year, up 1.3% from the year before.
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 SPSC on sales, with stronger typical year-over-year growth.
| 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 SPSC on profitability, with a higher operating margin.
SPSC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $197.6M | +4.1% |
| Q2 2026 | $197.8M | +5.6% |
| Q1 2026 | $192.1M | +5.8% |
| Q4 2025 | $192.7M | +13% |
| Q3 2025 | $189.9M | +16% |
| Q2 2025 | $187.4M | +22% |
| Q1 2025 | $181.5M | +21% |
| Q4 2024 | $170.9M | +18% |
SPSC's revenue has grown year over year every quarter since late 2020: $198M last quarter, up 4.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +3.8 points |
| Q2 2026 | 4.3% | -9.9 points |
| Q1 2026 | 13% | -1.5 points |
| Q4 2025 | 18% | +3.5 points |
| Q3 2025 | 16% | +0.8 points |
| Q2 2025 | 14% | -1 points |
| Q1 2025 | 14% | +4 points |
| Q4 2024 | 14% | -1.3 points |
SPSC's operating margin was 20% last quarter, up 3.8 points from the same quarter a year ago, near the top of its range since 2019.
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 SPSC on cash flow, with stronger typical year-over-year growth.
SPSC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $58.5M | +7.2% |
| Q2 2026 | $57.4M | +124% |
| Q1 2026 | $48.5M | +43% |
| Q4 2025 | $38.2M | +11% |
| Q3 2025 | $54.6M | +13% |
| Q2 2025 | $25.7M | +5.2% |
| Q1 2025 | $33.8M | +11% |
| Q4 2024 | $34.3M | +21% |
SPSC generated $203M in free cash flow over the past year, up 37% 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 |
SPSC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -368K shares |
| 1 year | -4.7% | -1.8M shares |
| 3 years | -3.7% | -1.4M shares |
| 5 years | -2.2% | -806K shares |
| Available history | +0.6% | +207K shares |
SPSC has the edge over PLTR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $48.8M |
| Q2 2026 | $51.2M |
| Q1 2026 | $47.1M |
| Q4 2025 | $24.7M |
| Q3 2025 | $30M |
| Q2 2025 | $19.6M |
| Q1 2025 | $40M |
| Q4 2024 | — |
SPSC spent $172M buying back its own shares over the past year, up 92% from the year before.
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 more cash than debt.
SPSC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.2x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | -2.2x | Net Cash |
SPSC has the edge over PLTR on leverage, with a lower net debt burden relative to earnings.
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).
SPSC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.9 | Neutral |
| Stochastic | 55.5 | Neutral |
SPSC's weekly RSI is 56 (neutral) and its Stochastic is 56 (neutral).
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.
SPSC PE vs Technology Sector
| Metric | SPSC | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 28x | 31% above |
| PE % | 8 | 35 | 27 pts below |
SPSC has the edge over PLTR on valuation relative to its sector.
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 SPSC on trend strength, trading above more of its moving averages.
SPSC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $84.2 | 2.3% below |
| 20 week MA | $77.9 | 5.6% above |
| 50 week MA | $71.5 | 15% above |
| 100 week MA | $101.7 | 19% below |
| 200 week MA | $139.3 | 41% below |
SPSC's trend is mixed: it's above two of its five weekly moving averages, and 41% below its 200-week average.
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 has the edge over SPSC on returns for 2026, with the stronger performance.
SPSC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $56.1 | $110.3 | +97% |
| 2021 | $110.3 | $143.8 | +30% |
| 2022 | $143.8 | $127.3 | -11% |
| 2023 | $127.3 | $193.8 | +52% |
| 2024 | $193.8 | $185.5 | -4.3% |
| 2025 | $185.5 | $91.9 | -50% |
| 2026 YTD | $91.9 | $82.3 | -11% |
SPSC has finished lower in three of the last six years. It's down 11% so far in 2026.