Palantir Technologies vs Snowflake (PLTR vs SNOW)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Snowflake is the larger company by revenue ($4.7B vs $4.5B). Palantir Technologies carries the larger market value ($432.4B vs $110.8B). Snowflake has grown revenue faster over the last 4 fiscal years (+284.1% cumulative vs +190.3%). Palantir Technologies runs the higher operating margin (31.6% vs -30.6%).
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.
About Snowflake
Snowflake Inc. provides a cloud-native data platform called the AI Data Cloud that enables organizations to consolidate, access, and analyze diverse data types in a single, scalable environment. The platform supports data sharing, AI applications, and data governance across multiple industries and is delivered as a service on major public clouds worldwide. Snowflake serves customers of all sizes, including large enterprises, helping them break down data silos and derive insights without managing infrastructure.
Head to head (PLTR FY2025 vs SNOW FY2026)
| Metric | PLTRFY2025 | SNOWFY2026 |
|---|---|---|
| Revenue | $4.48B | $4.68B |
| Revenue growth (YoY) | 56.2% | 29.2% |
| Gross margin | 82.4% | 67.2% |
| Operating margin | 31.6% | -30.6% |
| Net margin | 36.3% | -28.4% |
| Net income | $1.63B | $-1.33B |
| Diluted EPS | $0.63 | $-3.95 |
| FCF margin | 46.9% | 23.9% |
| ROE | 21.7% | -69.2% |
| Long-term debt / equity | — | — |
| Market cap | $432.36B | $110.84B |
| P/E | 159.2× | — |
Fundamentals are from each company’s SEC filings (PLTR FY2025, SNOW FY2026). 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)
| PLTR by fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $1.54B | $1.91B | $2.23B | $2.87B | $4.48B |
| Net income | $-520.4M | $-373.7M | $209.8M | $462.2M | $1.63B |
| Operating margin | -26.7% | -8.5% | 5.4% | 10.8% | 31.6% |
| SNOW by fiscal year | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $1.22B | $2.07B | $2.81B | $3.63B | $4.68B |
| Net income | $-679.9M | $-796.7M | $-836.1M | $-1.29B | $-1.33B |
| Operating margin | -58.6% | -40.8% | -39.0% | -40.2% | -30.6% |
Palantir Technologies and Snowflake use different fiscal calendars (PLTR's FY2025 ended 2025-12-31, SNOW's FY2026 ended 2026-01-31), so their fiscal years are shown separately rather than forced into one timeline.
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.
| Metric | PLTR | SNOW |
|---|---|---|
| Gross margin | 82.4%89th percentile of 264 | 67.2%49th percentile of 264 |
| Operating margin | 31.6%94th percentile of 303 | -30.6%11th percentile of 303 |
| Net margin | 36.3%94th percentile of 307 | -28.4%11th percentile of 307 |
| FCF margin | 46.9%99th percentile of 285 | 23.9%75th percentile of 285 |
| Revenue growth (YoY) | +56.2%93rd percentile of 325 | +29.2%83rd percentile of 325 |
| ROE | 21.7%81st percentile of 285 | -69.2%10th percentile of 285 |
| Short interest (days to cover) | 1.10d14th percentile of 330 | 3.87d57th percentile of 330 |
Short interest
| FINRA settlement data | PLTR | SNOW |
|---|---|---|
| Shares sold short | 68.3M | 18.8M |
| Change vs prior settlement | +0.3% | -0.7% |
| Days to cover | 1.10 | 3.87 |
| As of settlement | 2026-08-14 | 2026-08-14 |
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) | PLTR | SNOW |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 38 ($123.9M) | 165 ($431.1M) |
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 Palantir Technologies and Snowflake as of their latest quarterly filings: AQR Capital Management, ARK Investment Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Two Sigma Investments. 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.