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Side-by-side financial comparison of Palantir Technologies (PLTR) and SPIRE INC (SR). Click either name above to swap in a different company.
Palantir Technologies is the larger business by last-quarter revenue ($1.4B vs $762.2M, roughly 1.8× SPIRE INC). Palantir Technologies runs the higher net margin — 43.3% vs 12.5%, a 30.8% gap on every dollar of revenue. On growth, Palantir Technologies posted the faster year-over-year revenue change (70.0% vs 13.9%). Palantir Technologies produced more free cash flow last quarter ($764.0M vs $-121.8M). Over the past eight quarters, Palantir Technologies's revenue compounded faster (48.9% CAGR vs -17.8%).
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.
Spire Inc. is a regional public utility holding company based in St. Louis, Missouri, providing natural gas service through its regulated core utility operations while engaging in non-regulated activities that provide business opportunities. Its primary subsidiary Laclede Gas Company is the largest natural gas distribution utility in Missouri, serving approximately 631,000 residential, commercial and industrial customers in the City of St. Louis and ten counties in eastern Missouri. Its corpo...
PLTR vs SR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $762.2M |
| Net Profit | $608.7M | $95.0M |
| Gross Margin | 84.6% | 55.1% |
| Operating Margin | 40.9% | 22.8% |
| Net Margin | 43.3% | 12.5% |
| Revenue YoY | 70.0% | 13.9% |
| Net Profit YoY | 670.4% | 16.9% |
| EPS (diluted) | $0.24 | $1.54 |
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.
| Q4 25 | $1.4B | $762.2M | ||
| Q3 25 | $1.2B | $334.1M | ||
| Q2 25 | $1.0B | $421.9M | ||
| Q1 25 | $883.9M | $1.1B | ||
| Q4 24 | $827.5M | $669.1M | ||
| Q3 24 | $725.5M | $293.8M | ||
| Q2 24 | $678.1M | $414.1M | ||
| Q1 24 | $634.3M | $1.1B |
| Q4 25 | $608.7M | $95.0M | ||
| Q3 25 | $475.6M | $-39.8M | ||
| Q2 25 | $326.7M | $20.9M | ||
| Q1 25 | $214.0M | $209.3M | ||
| Q4 24 | $79.0M | $81.3M | ||
| Q3 24 | $143.5M | $-25.9M | ||
| Q2 24 | $134.1M | $-12.6M | ||
| Q1 24 | $105.5M | $204.3M |
| Q4 25 | 84.6% | 55.1% | ||
| Q3 25 | 82.4% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 80.4% | — | ||
| Q4 24 | 78.9% | 55.6% | ||
| Q3 24 | 79.8% | — | ||
| Q2 24 | 81.0% | — | ||
| Q1 24 | 81.7% | — |
| Q4 25 | 40.9% | 22.8% | ||
| Q3 25 | 33.3% | -0.1% | ||
| Q2 25 | 26.8% | 16.4% | ||
| Q1 25 | 19.9% | 29.1% | ||
| Q4 24 | 1.3% | 22.2% | ||
| Q3 24 | 15.6% | 6.7% | ||
| Q2 24 | 15.5% | 7.4% | ||
| Q1 24 | 12.8% | 26.5% |
| Q4 25 | 43.3% | 12.5% | ||
| Q3 25 | 40.3% | -11.9% | ||
| Q2 25 | 32.6% | 5.0% | ||
| Q1 25 | 24.2% | 19.9% | ||
| Q4 24 | 9.5% | 12.2% | ||
| Q3 24 | 19.8% | -8.8% | ||
| Q2 24 | 19.8% | -3.0% | ||
| Q1 24 | 16.6% | 18.1% |
| Q4 25 | $0.24 | $1.54 | ||
| Q3 25 | $0.18 | $-0.77 | ||
| Q2 25 | $0.13 | $0.29 | ||
| Q1 25 | $0.08 | $3.51 | ||
| Q4 24 | $0.03 | $1.34 | ||
| Q3 24 | $0.06 | $-0.63 | ||
| Q2 24 | $0.06 | $-0.28 | ||
| Q1 24 | $0.04 | $3.58 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.2B | $4.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.4B | $3.4B |
| Total Assets | $8.9B | $11.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.2B | $4.1M | ||
| Q3 25 | $6.4B | $5.7M | ||
| Q2 25 | $6.0B | $13.1M | ||
| Q1 25 | $5.4B | $15.2M | ||
| Q4 24 | $5.2B | $11.5M | ||
| Q3 24 | $4.6B | $4.5M | ||
| Q2 24 | $4.0B | $7.4M | ||
| Q1 24 | $3.9B | $25.6M |
| Q4 25 | $7.4B | $3.4B | ||
| Q3 25 | $6.6B | $3.4B | ||
| Q2 25 | $5.9B | $3.5B | ||
| Q1 25 | $5.4B | $3.5B | ||
| Q4 24 | $5.0B | $3.3B | ||
| Q3 24 | $4.5B | $3.2B | ||
| Q2 24 | $4.1B | $3.3B | ||
| Q1 24 | $3.8B | $3.4B |
| Q4 25 | $8.9B | $11.9B | ||
| Q3 25 | $8.1B | $11.6B | ||
| Q2 25 | $7.4B | $11.4B | ||
| Q1 25 | $6.7B | $11.3B | ||
| Q4 24 | $6.3B | $11.3B | ||
| Q3 24 | $5.8B | $10.9B | ||
| Q2 24 | $5.2B | $10.7B | ||
| Q1 24 | $4.8B | $10.7B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $777.3M | $81.0M |
| Free Cash FlowOCF − Capex | $764.0M | $-121.8M |
| FCF MarginFCF / Revenue | 54.3% | -16.0% |
| Capex IntensityCapex / Revenue | 0.9% | 26.6% |
| Cash ConversionOCF / Net Profit | 1.28× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1B | $-286.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $777.3M | $81.0M | ||
| Q3 25 | $507.7M | $-4.9M | ||
| Q2 25 | $539.3M | $129.1M | ||
| Q1 25 | $310.3M | $372.7M | ||
| Q4 24 | $460.3M | $81.1M | ||
| Q3 24 | $419.8M | $82.9M | ||
| Q2 24 | $144.2M | $270.1M | ||
| Q1 24 | $129.6M | $489.4M |
| Q4 25 | $764.0M | $-121.8M | ||
| Q3 25 | $500.9M | $-227.6M | ||
| Q2 25 | $531.6M | $-91.4M | ||
| Q1 25 | $304.1M | $154.1M | ||
| Q4 24 | $457.2M | $-179.5M | ||
| Q3 24 | $415.8M | $-146.9M | ||
| Q2 24 | $141.3M | $47.9M | ||
| Q1 24 | $126.9M | $306.6M |
| Q4 25 | 54.3% | -16.0% | ||
| Q3 25 | 42.4% | -68.1% | ||
| Q2 25 | 53.0% | -21.7% | ||
| Q1 25 | 34.4% | 14.7% | ||
| Q4 24 | 55.3% | -26.8% | ||
| Q3 24 | 57.3% | -50.0% | ||
| Q2 24 | 20.8% | 11.6% | ||
| Q1 24 | 20.0% | 27.2% |
| Q4 25 | 0.9% | 26.6% | ||
| Q3 25 | 0.6% | 66.7% | ||
| Q2 25 | 0.8% | 52.3% | ||
| Q1 25 | 0.7% | 20.8% | ||
| Q4 24 | 0.4% | 38.9% | ||
| Q3 24 | 0.5% | 78.2% | ||
| Q2 24 | 0.4% | 53.7% | ||
| Q1 24 | 0.4% | 16.2% |
| Q4 25 | 1.28× | 0.85× | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.65× | 6.18× | ||
| Q1 25 | 1.45× | 1.78× | ||
| Q4 24 | 5.83× | 1.00× | ||
| Q3 24 | 2.92× | — | ||
| Q2 24 | 1.08× | — | ||
| Q1 24 | 1.23× | 2.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLTR
| Geographic Concentration Risk | $1.1B | 77% |
| Other | $330.4M | 23% |
SR
| Residential | $474.9M | 62% |
| Commercial And Industrial | $148.4M | 19% |
| Gas Marketing | $41.1M | 5% |
| Midstream | $39.0M | 5% |
| Transportation | $37.1M | 5% |
| Offsystem And Other Inventive | $19.7M | 3% |
| Other Customer Revenue | $4.6M | 1% |
