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Side-by-side financial comparison of Palantir Technologies (PLTR) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.

Voya Financial, Inc. is the larger business by last-quarter revenue ($2.0B vs $1.6B, roughly 1.2× Palantir Technologies). Palantir Technologies runs the higher net margin — 53.3% vs 9.6%, a 43.7% gap on every dollar of revenue. On growth, Palantir Technologies posted the faster year-over-year revenue change (84.7% vs 3.1%). Over the past eight quarters, Voya Financial, Inc.'s revenue compounded faster (96.1% CAGR vs 55.2%).

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.

Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.

PLTR vs VOYA — Head-to-Head

Bigger by revenue
VOYA
VOYA
1.2× larger
VOYA
$2.0B
$1.6B
PLTR
Growing faster (revenue YoY)
PLTR
PLTR
+81.6% gap
PLTR
84.7%
3.1%
VOYA
Higher net margin
PLTR
PLTR
43.7% more per $
PLTR
53.3%
9.6%
VOYA
Faster 2-yr revenue CAGR
VOYA
VOYA
Annualised
VOYA
96.1%
55.2%
PLTR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PLTR
PLTR
VOYA
VOYA
Revenue
$1.6B
$2.0B
Net Profit
$870.5M
$195.0M
Gross Margin
86.8%
Operating Margin
46.2%
Net Margin
53.3%
9.6%
Revenue YoY
84.7%
3.1%
Net Profit YoY
306.7%
29.1%
EPS (diluted)
$0.34
$1.75

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
PLTR
PLTR
VOYA
VOYA
Q1 26
$1.6B
$2.0B
Q4 25
$1.4B
$603.0M
Q3 25
$1.2B
$572.0M
Q2 25
$1.0B
$542.0M
Q1 25
$883.9M
$538.0M
Q4 24
$827.5M
$561.0M
Q3 24
$725.5M
$542.0M
Q2 24
$678.1M
$528.0M
Net Profit
PLTR
PLTR
VOYA
VOYA
Q1 26
$870.5M
$195.0M
Q4 25
$608.7M
$140.0M
Q3 25
$475.6M
$192.0M
Q2 25
$326.7M
$166.0M
Q1 25
$214.0M
$156.0M
Q4 24
$79.0M
$97.0M
Q3 24
$143.5M
$114.0M
Q2 24
$134.1M
$205.0M
Gross Margin
PLTR
PLTR
VOYA
VOYA
Q1 26
86.8%
Q4 25
84.6%
Q3 25
82.4%
Q2 25
80.8%
Q1 25
80.4%
Q4 24
78.9%
Q3 24
79.8%
Q2 24
81.0%
Operating Margin
PLTR
PLTR
VOYA
VOYA
Q1 26
46.2%
Q4 25
40.9%
28.0%
Q3 25
33.3%
53.7%
Q2 25
26.8%
34.7%
Q1 25
19.9%
32.2%
Q4 24
1.3%
21.4%
Q3 24
15.6%
21.4%
Q2 24
15.5%
52.3%
Net Margin
PLTR
PLTR
VOYA
VOYA
Q1 26
53.3%
9.6%
Q4 25
43.3%
23.2%
Q3 25
40.3%
33.6%
Q2 25
32.6%
30.6%
Q1 25
24.2%
29.0%
Q4 24
9.5%
17.3%
Q3 24
19.8%
21.0%
Q2 24
19.8%
38.8%
EPS (diluted)
PLTR
PLTR
VOYA
VOYA
Q1 26
$0.34
$1.75
Q4 25
$0.24
$1.41
Q3 25
$0.18
$1.80
Q2 25
$0.13
$1.66
Q1 25
$0.08
$1.42
Q4 24
$0.03
$0.99
Q3 24
$0.06
$0.98
Q2 24
$0.06
$1.96

Balance Sheet & Financial Strength

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

Metric
PLTR
PLTR
VOYA
VOYA
Cash + ST InvestmentsLiquidity on hand
$2.3B
$969.0M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$8.6B
$6.5B
Total Assets
$10.2B
$173.4B
Debt / EquityLower = less leverage
0.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLTR
PLTR
VOYA
VOYA
Q1 26
$2.3B
$969.0M
Q4 25
$7.2B
Q3 25
$6.4B
Q2 25
$6.0B
Q1 25
$5.4B
Q4 24
$5.2B
Q3 24
$4.6B
Q2 24
$4.0B
Total Debt
PLTR
PLTR
VOYA
VOYA
Q1 26
$2.5B
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.1B
Stockholders' Equity
PLTR
PLTR
VOYA
VOYA
Q1 26
$8.6B
$6.5B
Q4 25
$7.4B
$5.0B
Q3 25
$6.6B
$5.0B
Q2 25
$5.9B
$4.6B
Q1 25
$5.4B
$4.4B
Q4 24
$5.0B
$4.0B
Q3 24
$4.5B
$4.7B
Q2 24
$4.1B
$4.0B
Total Assets
PLTR
PLTR
VOYA
VOYA
Q1 26
$10.2B
$173.4B
Q4 25
$8.9B
$178.9B
Q3 25
$8.1B
$177.4B
Q2 25
$7.4B
$172.4B
Q1 25
$6.7B
$163.9B
Q4 24
$6.3B
$163.9B
Q3 24
$5.8B
$166.9B
Q2 24
$5.2B
$161.3B
Debt / Equity
PLTR
PLTR
VOYA
VOYA
Q1 26
0.39×
Q4 25
0.42×
Q3 25
0.42×
Q2 25
0.45×
Q1 25
0.48×
Q4 24
0.62×
Q3 24
0.53×
Q2 24
0.52×

Cash Flow & Capital Efficiency

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

Metric
PLTR
PLTR
VOYA
VOYA
Operating Cash FlowLast quarter
$899.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLTR
PLTR
VOYA
VOYA
Q1 26
$899.2M
Q4 25
$777.3M
$557.0M
Q3 25
$507.7M
$168.0M
Q2 25
$539.3M
$742.0M
Q1 25
$310.3M
$-179.0M
Q4 24
$460.3M
$79.0M
Q3 24
$419.8M
$719.0M
Q2 24
$144.2M
$316.0M
Free Cash Flow
PLTR
PLTR
VOYA
VOYA
Q1 26
Q4 25
$764.0M
Q3 25
$500.9M
Q2 25
$531.6M
Q1 25
$304.1M
Q4 24
$457.2M
Q3 24
$415.8M
Q2 24
$141.3M
FCF Margin
PLTR
PLTR
VOYA
VOYA
Q1 26
Q4 25
54.3%
Q3 25
42.4%
Q2 25
53.0%
Q1 25
34.4%
Q4 24
55.3%
Q3 24
57.3%
Q2 24
20.8%
Capex Intensity
PLTR
PLTR
VOYA
VOYA
Q1 26
Q4 25
0.9%
Q3 25
0.6%
Q2 25
0.8%
Q1 25
0.7%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
0.4%
Cash Conversion
PLTR
PLTR
VOYA
VOYA
Q1 26
1.03×
Q4 25
1.28×
3.98×
Q3 25
1.07×
0.88×
Q2 25
1.65×
4.47×
Q1 25
1.45×
-1.15×
Q4 24
5.83×
0.81×
Q3 24
2.92×
6.31×
Q2 24
1.08×
1.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLTR
PLTR

Segment breakdown not available.

VOYA
VOYA

Premiums$744.0M37%
Fee income$604.0M30%
Other$574.0M28%
Other revenues$109.0M5%

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