PLTR
Palantir Technologies Inc.
PLTR has the edge over STEM overall, supported by stronger fundamentals and stronger valuation.
STEM
Stem, Inc.
STEM's outlook is improving, though it still trails on the overall score.
PLTR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
PLTR's revenue, profitability, cash flow and balance sheet are all currently strong.
STEM Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Strong |
STEM's balance sheet is currently strong, but its revenue, profitability and cash flow are under pressure.
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's PE is in its cheap range at 120x. If earnings grow as analysts expect, today's price would be 75x next year's earnings.
STEM PE Valuation
STEM has no meaningful PE right now: it lost money over the past year.
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.
STEM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect STEM's losses to shrink, with revenue growing.
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 STEM on earnings quality, reporting a profit while its opponent remains loss making.
STEM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$8.19 | +$21.40 |
| Q1 2026 | -$8.40 | +$91.20 |
| Q4 2025 | -$9.18 | +$96.62 |
| Q3 2025 | -$14.23 | +$89.81 |
| Q2 2025 | -$29.59 | +$66.05 |
| Q1 2025 | -$99.60 | -$70.56 |
| Q4 2024 | -$105.80 | -$80.16 |
| Q3 2024 | -$104.04 | -$78.64 |
STEM is still losing money, but far less than before: $8.19 per share over the past year, against $105.80 at its worst in late 2024.
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 STEM 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 STEM on profitability, with a higher operating margin.
STEM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $33.7M | -12% |
| Q1 2026 | $29M | -11% |
| Q4 2025 | $47.1M | -16% |
| Q3 2025 | $38.2M | +31% |
| Q2 2025 | $38.4M | +13% |
| Q1 2025 | $32.5M | +28% |
| Q4 2024 | $55.8M | -67% |
| Q3 2024 | $29.3M | -78% |
STEM's revenue has slid since its 2023 peak: $34M last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -23% | +12 points |
| Q1 2026 | -49% | +16 points |
| Q4 2025 | -18% | +67 points |
| Q3 2025 | -34% | +460 points |
| Q2 2025 | -35% | +1671 points |
| Q1 2025 | -65% | +202 points |
| Q4 2024 | -84% | -64 points |
| Q3 2024 | -493% | -442 points |
STEM's operating margin was −23% last quarter, up 12 points from the same quarter a year ago.
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 stronger cash trend. Its trailing FCF is up 370% versus its history, compared with STEM at up 88%.
STEM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2026 | -$8.3M | -197% |
| Q4 2025 | $8.2M | +$22.9M |
| Q3 2025 | $11.4M | +$20.9M |
| Q2 2025 | -$21.3M | -$9.3M |
| Q1 2025 | $8.5M | +$9.2M |
| Q4 2024 | -$14.7M | -$11.5M |
| Q3 2024 | -$9.5M | -$5.4M |
| Q2 2024 | -$12M | +$153.5M |
STEM has burned cash in almost every quarter: −$10M over the past year, against −$28M 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 the edge over STEM on shareholder dilution, with a more favorable share count trend.
| 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 |
STEM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7% | +593K shares |
| 1 year | +7.4% | +629K shares |
| 3 years | +17% | +1.3M shares |
| 5 years | +45% | +2.8M shares |
STEM has 9M diluted shares, up 7.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
| Q3 2019 | — |
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.
STEM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -24.9x | Net Cash |
STEM 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).
STEM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 26.9 | Oversold |
| Stochastic | 4.0 | Oversold |
STEM's weekly RSI is 27 (oversold) and its Stochastic is 4 (oversold).
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.
STEM PE vs Technology Sector
STEM has no meaningful PE right now: it lost money over the past year.
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 STEM on trend strength, trading above more of its moving averages.
STEM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.30 | 31% below |
| 20 week MA | $4.83 | 53% below |
| 50 week MA | $9.24 | 75% below |
| 100 week MA | $11.1 | 79% below |
| 200 week MA | $39.7 | 94% below |
STEM is in a downtrend: it's below all five of its weekly moving averages, and 94% 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 STEM on returns for 2026, with the stronger performance.
STEM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $195.2 | $453.4 | +132% |
| 2021 | $453.4 | $395.8 | -13% |
| 2022 | $395.8 | $186.2 | -53% |
| 2023 | $186.2 | $77.6 | -58% |
| 2024 | $77.6 | $11.9 | -85% |
| 2025 | $11.9 | $16.0 | +35% |
| 2026 YTD | $16.0 | $2.29 | -86% |
STEM's yearly returns have swung widely, from +132% in 2020 to −85% in 2024. It's down 86% so far in 2026.