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

Wabtec is the larger business by last-quarter revenue ($3.0B vs $1.6B, roughly 1.8× Palantir Technologies). Palantir Technologies runs the higher net margin — 53.3% vs 12.3%, a 41.0% gap on every dollar of revenue. On growth, Palantir Technologies posted the faster year-over-year revenue change (84.7% vs 13.0%). Over the past eight quarters, Palantir Technologies's revenue compounded faster (55.2% CAGR vs 5.6%).

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.

Westinghouse Air Brake Technologies Corporation, commonly known as Wabtec, is an American company formed by the merger of the Westinghouse Air Brake Company (WABCO) and MotivePower in 1999. It is headquartered in Pittsburgh, Pennsylvania.

PLTR vs WAB — Head-to-Head

Bigger by revenue
WAB
WAB
1.8× larger
WAB
$3.0B
$1.6B
PLTR
Growing faster (revenue YoY)
PLTR
PLTR
+71.7% gap
PLTR
84.7%
13.0%
WAB
Higher net margin
PLTR
PLTR
41.0% more per $
PLTR
53.3%
12.3%
WAB
Faster 2-yr revenue CAGR
PLTR
PLTR
Annualised
PLTR
55.2%
5.6%
WAB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PLTR
PLTR
WAB
WAB
Revenue
$1.6B
$3.0B
Net Profit
$870.5M
$363.0M
Gross Margin
86.8%
36.0%
Operating Margin
46.2%
17.5%
Net Margin
53.3%
12.3%
Revenue YoY
84.7%
13.0%
Net Profit YoY
306.7%
11.0%
EPS (diluted)
$0.34
$2.12

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
WAB
WAB
Q1 26
$1.6B
$3.0B
Q4 25
$1.4B
$3.0B
Q3 25
$1.2B
$2.9B
Q2 25
$1.0B
$2.7B
Q1 25
$883.9M
$2.6B
Q4 24
$827.5M
$2.6B
Q3 24
$725.5M
$2.7B
Q2 24
$678.1M
$2.6B
Net Profit
PLTR
PLTR
WAB
WAB
Q1 26
$870.5M
$363.0M
Q4 25
$608.7M
$202.0M
Q3 25
$475.6M
$310.0M
Q2 25
$326.7M
$336.0M
Q1 25
$214.0M
$322.0M
Q4 24
$79.0M
$212.0M
Q3 24
$143.5M
$283.0M
Q2 24
$134.1M
$289.0M
Gross Margin
PLTR
PLTR
WAB
WAB
Q1 26
86.8%
36.0%
Q4 25
84.6%
32.6%
Q3 25
82.4%
34.7%
Q2 25
80.8%
34.7%
Q1 25
80.4%
34.5%
Q4 24
78.9%
30.9%
Q3 24
79.8%
33.0%
Q2 24
81.0%
33.1%
Operating Margin
PLTR
PLTR
WAB
WAB
Q1 26
46.2%
17.5%
Q4 25
40.9%
12.0%
Q3 25
33.3%
17.0%
Q2 25
26.8%
17.4%
Q1 25
19.9%
18.2%
Q4 24
1.3%
12.9%
Q3 24
15.6%
16.3%
Q2 24
15.5%
16.3%
Net Margin
PLTR
PLTR
WAB
WAB
Q1 26
53.3%
12.3%
Q4 25
43.3%
6.8%
Q3 25
40.3%
10.7%
Q2 25
32.6%
12.4%
Q1 25
24.2%
12.3%
Q4 24
9.5%
8.2%
Q3 24
19.8%
10.6%
Q2 24
19.8%
10.9%
EPS (diluted)
PLTR
PLTR
WAB
WAB
Q1 26
$0.34
$2.12
Q4 25
$0.24
$1.18
Q3 25
$0.18
$1.81
Q2 25
$0.13
$1.96
Q1 25
$0.08
$1.88
Q4 24
$0.03
$1.24
Q3 24
$0.06
$1.63
Q2 24
$0.06
$1.64

Balance Sheet & Financial Strength

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

Metric
PLTR
PLTR
WAB
WAB
Cash + ST InvestmentsLiquidity on hand
$2.3B
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$8.6B
$11.1B
Total Assets
$10.2B
$23.2B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLTR
PLTR
WAB
WAB
Q1 26
$2.3B
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
WAB
WAB
Q1 26
$4.7B
Q4 25
$5.5B
Q3 25
$5.3B
Q2 25
$4.8B
Q1 25
$4.0B
Q4 24
$4.0B
Q3 24
$4.0B
Q2 24
$4.0B
Stockholders' Equity
PLTR
PLTR
WAB
WAB
Q1 26
$8.6B
$11.1B
Q4 25
$7.4B
$11.1B
Q3 25
$6.6B
$11.0B
Q2 25
$5.9B
$10.8B
Q1 25
$5.4B
$10.4B
Q4 24
$5.0B
$10.1B
Q3 24
$4.5B
$10.3B
Q2 24
$4.1B
$10.5B
Total Assets
PLTR
PLTR
WAB
WAB
Q1 26
$10.2B
$23.2B
Q4 25
$8.9B
$22.1B
Q3 25
$8.1B
$21.5B
Q2 25
$7.4B
$20.4B
Q1 25
$6.7B
$19.1B
Q4 24
$6.3B
$18.7B
Q3 24
$5.8B
$18.6B
Q2 24
$5.2B
$18.9B
Debt / Equity
PLTR
PLTR
WAB
WAB
Q1 26
0.42×
Q4 25
0.50×
Q3 25
0.48×
Q2 25
0.44×
Q1 25
0.39×
Q4 24
0.39×
Q3 24
0.39×
Q2 24
0.38×

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
WAB
WAB
Operating Cash FlowLast quarter
$899.2M
$199.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.03×
0.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLTR
PLTR
WAB
WAB
Q1 26
$899.2M
$199.0M
Q4 25
$777.3M
$992.0M
Q3 25
$507.7M
$367.0M
Q2 25
$539.3M
$209.0M
Q1 25
$310.3M
$191.0M
Q4 24
$460.3M
$723.0M
Q3 24
$419.8M
$542.0M
Q2 24
$144.2M
$235.0M
Free Cash Flow
PLTR
PLTR
WAB
WAB
Q1 26
Q4 25
$764.0M
$870.0M
Q3 25
$500.9M
$312.0M
Q2 25
$531.6M
$170.0M
Q1 25
$304.1M
$147.0M
Q4 24
$457.2M
$639.0M
Q3 24
$415.8M
$496.0M
Q2 24
$141.3M
$189.0M
FCF Margin
PLTR
PLTR
WAB
WAB
Q1 26
Q4 25
54.3%
29.3%
Q3 25
42.4%
10.8%
Q2 25
53.0%
6.3%
Q1 25
34.4%
5.6%
Q4 24
55.3%
24.7%
Q3 24
57.3%
18.6%
Q2 24
20.8%
7.1%
Capex Intensity
PLTR
PLTR
WAB
WAB
Q1 26
Q4 25
0.9%
4.1%
Q3 25
0.6%
1.9%
Q2 25
0.8%
1.4%
Q1 25
0.7%
1.7%
Q4 24
0.4%
3.3%
Q3 24
0.5%
1.7%
Q2 24
0.4%
1.7%
Cash Conversion
PLTR
PLTR
WAB
WAB
Q1 26
1.03×
0.55×
Q4 25
1.28×
4.91×
Q3 25
1.07×
1.18×
Q2 25
1.65×
0.62×
Q1 25
1.45×
0.59×
Q4 24
5.83×
3.41×
Q3 24
2.92×
1.92×
Q2 24
1.08×
0.81×

Financial Flow Comparison

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

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