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Side-by-side financial comparison of MIDDLEBY Corp (MIDD) and Palantir Technologies (PLTR). Click either name above to swap in a different company.

Palantir Technologies is the larger business by last-quarter revenue ($1.6B vs $866.4M, roughly 1.9× MIDDLEBY Corp). Palantir Technologies runs the higher net margin — 53.3% vs 4.3%, a 49.1% gap on every dollar of revenue. On growth, Palantir Technologies posted the faster year-over-year revenue change (84.7% vs -30.6%). Over the past eight quarters, Palantir Technologies's revenue compounded faster (55.2% CAGR vs -3.3%).

The Middleby Corporation is a publicly traded American company based in Elgin, Illinois. The company manufactures commercial cooking equipment, industrial processing equipment, and residential appliances. The commercial cooking equipment side of Middleby does business with 97 out of the top 100 food service chains in the United States and internationally.

Palantir Technologies Inc. is an American publicly traded company that develops data integration and analytics platforms enabling government agencies, militaries, and corporations to combine and analyze data from multiple sources. Its flagship products—Gotham and Foundry —connect previously siloed databases to support intelligence operations, counterterrorism analysis, law enforcement, and enterprise analytics.

MIDD vs PLTR — Head-to-Head

Bigger by revenue
PLTR
PLTR
1.9× larger
PLTR
$1.6B
$866.4M
MIDD
Growing faster (revenue YoY)
PLTR
PLTR
+115.3% gap
PLTR
84.7%
-30.6%
MIDD
Higher net margin
PLTR
PLTR
49.1% more per $
PLTR
53.3%
4.3%
MIDD
Faster 2-yr revenue CAGR
PLTR
PLTR
Annualised
PLTR
55.2%
-3.3%
MIDD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MIDD
MIDD
PLTR
PLTR
Revenue
$866.4M
$1.6B
Net Profit
$36.9M
$870.5M
Gross Margin
38.8%
86.8%
Operating Margin
17.3%
46.2%
Net Margin
4.3%
53.3%
Revenue YoY
-30.6%
84.7%
Net Profit YoY
-67.1%
306.7%
EPS (diluted)
$0.74
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MIDD
MIDD
PLTR
PLTR
Q1 26
$1.6B
Q4 25
$866.4M
$1.4B
Q3 25
$982.1M
$1.2B
Q2 25
$977.9M
$1.0B
Q1 25
$906.6M
$883.9M
Q4 24
$1.0B
$827.5M
Q3 24
$942.8M
$725.5M
Q2 24
$991.5M
$678.1M
Net Profit
MIDD
MIDD
PLTR
PLTR
Q1 26
$870.5M
Q4 25
$36.9M
$608.7M
Q3 25
$-513.0M
$475.6M
Q2 25
$106.0M
$326.7M
Q1 25
$92.4M
$214.0M
Q4 24
$112.3M
$79.0M
Q3 24
$114.2M
$143.5M
Q2 24
$115.4M
$134.1M
Gross Margin
MIDD
MIDD
PLTR
PLTR
Q1 26
86.8%
Q4 25
38.8%
84.6%
Q3 25
36.8%
82.4%
Q2 25
38.0%
80.8%
Q1 25
38.2%
80.4%
Q4 24
38.4%
78.9%
Q3 24
37.7%
79.8%
Q2 24
38.3%
81.0%
Operating Margin
MIDD
MIDD
PLTR
PLTR
Q1 26
46.2%
Q4 25
17.3%
40.9%
Q3 25
-56.4%
33.3%
Q2 25
15.9%
26.8%
Q1 25
15.5%
19.9%
Q4 24
16.8%
1.3%
Q3 24
18.4%
15.6%
Q2 24
17.7%
15.5%
Net Margin
MIDD
MIDD
PLTR
PLTR
Q1 26
53.3%
Q4 25
4.3%
43.3%
Q3 25
-52.2%
40.3%
Q2 25
10.8%
32.6%
Q1 25
10.2%
24.2%
Q4 24
11.1%
9.5%
Q3 24
12.1%
19.8%
Q2 24
11.6%
19.8%
EPS (diluted)
MIDD
MIDD
PLTR
PLTR
Q1 26
$0.34
Q4 25
$0.74
$0.24
Q3 25
$-10.15
$0.18
Q2 25
$1.99
$0.13
Q1 25
$1.69
$0.08
Q4 24
$2.07
$0.03
Q3 24
$2.11
$0.06
Q2 24
$2.13
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MIDD
MIDD
PLTR
PLTR
Cash + ST InvestmentsLiquidity on hand
$222.2M
$2.3B
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$2.8B
$8.6B
Total Assets
$6.3B
$10.2B
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MIDD
MIDD
PLTR
PLTR
Q1 26
$2.3B
Q4 25
$222.2M
$7.2B
Q3 25
$175.1M
$6.4B
Q2 25
$511.5M
$6.0B
Q1 25
$745.1M
$5.4B
Q4 24
$689.5M
$5.2B
Q3 24
$606.0M
$4.6B
Q2 24
$459.5M
$4.0B
Total Debt
MIDD
MIDD
PLTR
PLTR
Q1 26
Q4 25
$2.2B
Q3 25
Q2 25
Q1 25
Q4 24
$2.4B
Q3 24
Q2 24
Stockholders' Equity
MIDD
MIDD
PLTR
PLTR
Q1 26
$8.6B
Q4 25
$2.8B
$7.4B
Q3 25
$2.9B
$6.6B
Q2 25
$3.6B
$5.9B
Q1 25
$3.7B
$5.4B
Q4 24
$3.6B
$5.0B
Q3 24
$3.6B
$4.5B
Q2 24
$3.4B
$4.1B
Total Assets
MIDD
MIDD
PLTR
PLTR
Q1 26
$10.2B
Q4 25
$6.3B
$8.9B
Q3 25
$6.4B
$8.1B
Q2 25
$7.3B
$7.4B
Q1 25
$7.4B
$6.7B
Q4 24
$7.3B
$6.3B
Q3 24
$7.2B
$5.8B
Q2 24
$7.0B
$5.2B
Debt / Equity
MIDD
MIDD
PLTR
PLTR
Q1 26
Q4 25
0.78×
Q3 25
Q2 25
Q1 25
Q4 24
0.66×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MIDD
MIDD
PLTR
PLTR
Operating Cash FlowLast quarter
$899.2M
Free Cash FlowOCF − Capex
$165.5M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.03×
TTM Free Cash FlowTrailing 4 quarters
$530.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MIDD
MIDD
PLTR
PLTR
Q1 26
$899.2M
Q4 25
$777.3M
Q3 25
$176.3M
$507.7M
Q2 25
$122.0M
$539.3M
Q1 25
$141.1M
$310.3M
Q4 24
$239.7M
$460.3M
Q3 24
$156.7M
$419.8M
Q2 24
$149.5M
$144.2M
Free Cash Flow
MIDD
MIDD
PLTR
PLTR
Q1 26
Q4 25
$165.5M
$764.0M
Q3 25
$156.1M
$500.9M
Q2 25
$101.1M
$531.6M
Q1 25
$107.4M
$304.1M
Q4 24
$226.6M
$457.2M
Q3 24
$145.2M
$415.8M
Q2 24
$138.6M
$141.3M
FCF Margin
MIDD
MIDD
PLTR
PLTR
Q1 26
Q4 25
19.1%
54.3%
Q3 25
15.9%
42.4%
Q2 25
10.3%
53.0%
Q1 25
11.8%
34.4%
Q4 24
22.3%
55.3%
Q3 24
15.4%
57.3%
Q2 24
14.0%
20.8%
Capex Intensity
MIDD
MIDD
PLTR
PLTR
Q1 26
Q4 25
1.5%
0.9%
Q3 25
2.1%
0.6%
Q2 25
2.1%
0.8%
Q1 25
3.7%
0.7%
Q4 24
1.3%
0.4%
Q3 24
1.2%
0.5%
Q2 24
1.1%
0.4%
Cash Conversion
MIDD
MIDD
PLTR
PLTR
Q1 26
1.03×
Q4 25
1.28×
Q3 25
1.07×
Q2 25
1.15×
1.65×
Q1 25
1.53×
1.45×
Q4 24
2.13×
5.83×
Q3 24
1.37×
2.92×
Q2 24
1.30×
1.08×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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