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Alphabet vs Palantir Technologies (GOOG vs PLTR)

Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.

Alphabet is the larger company by revenue ($402.8B vs $4.5B) and market value ($4.1T vs $432.4B). Palantir Technologies has grown revenue faster over the last 4 fiscal years (+190.3% cumulative vs +56.4%). Alphabet trades at the lower trailing P/E (16.8x vs 159.2x).

About Alphabet

Alphabet Inc. operates as a collection of businesses, with its largest segment being Google. Google provides services including Search, YouTube, advertising platforms, Android, Chrome, and devices like the Pixel series, serving users worldwide. Alphabet also offers Google Cloud services to businesses, delivering cloud computing solutions and productivity tools.

About Palantir Technologies

Palantir Technologies Inc. develops software platforms that help organizations integrate their data, decisions, and operations at scale. Its main products include Gotham, Foundry, Apollo, and the Artificial Intelligence Platform (AIP), which serve government agencies and commercial enterprises across various industries. The company’s software supports data management, analytics, AI integration, and continuous software delivery in diverse environments worldwide.

Head to head (GOOG FY2025 vs PLTR FY2025)

MetricGOOGFY2025PLTRFY2025
Revenue$402.84B$4.48B
Revenue growth (YoY)15.1%56.2%
Gross margin59.7%82.4%
Operating margin32.0%31.6%
Net margin32.8%36.3%
Net income$132.17B$1.63B
Diluted EPS$10.81$0.63
FCF margin18.2%46.9%
ROE31.8%21.7%
Long-term debt / equity0.11×
Market cap$4.06T$432.36B
P/E16.8×159.2×

Fundamentals are from each company’s SEC filings (GOOG FY2025, PLTR FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

Five-year trend (as reported)

RevenueFY2021FY2022FY2023FY2024FY2025
GOOG$257.64B$282.84B$307.39B$350.02B$402.84B
PLTR$1.54B$1.91B$2.23B$2.87B$4.48B
Net incomeFY2021FY2022FY2023FY2024FY2025
GOOG$76.03B$59.97B$73.80B$100.12B$132.17B
PLTR$-520.4M$-373.7M$209.8M$462.2M$1.63B
Operating marginFY2021FY2022FY2023FY2024FY2025
GOOG30.6%26.5%27.4%32.1%32.0%
PLTR-26.7%-8.5%5.4%10.8%31.6%

Peer standing

Where each company ranks among the 332 software companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.

MetricGOOGPLTR
Gross margin
59.7%38th percentile of 264
82.4%89th percentile of 264
Operating margin
32.0%95th percentile of 303
31.6%94th percentile of 303
Net margin
32.8%93rd percentile of 307
36.3%94th percentile of 307
FCF margin
18.2%58th percentile of 285
46.9%99th percentile of 285
Revenue growth (YoY)
+15.1%61st percentile of 325
+56.2%93rd percentile of 325
ROE
31.8%88th percentile of 285
21.7%81st percentile of 285
P/E
16.8×30th percentile of 169
159.2×96th percentile of 169
Short interest (days to cover)
2.41d35th percentile of 330
1.10d14th percentile of 330

Short interest

FINRA settlement dataGOOGPLTR
Shares sold short42.9M68.3M
Change vs prior settlement-8.6%+0.3%
Days to cover2.411.10
As of settlement2026-08-142026-08-14

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.

Insider activity (last 90 days)

Form 4 activity (codes P/S)GOOGPLTR
Buys0
Sells38 ($123.9M)

Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.

Held by the same investors

7 tracked 13F managers hold both Alphabet and Palantir Technologies as of their latest quarterly filings: AQR Capital Management, ARK Investment Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Renaissance Technologies. See which superinvestors hold your own portfolio with the smart money checker.

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.