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

Zoetis is the larger business by last-quarter revenue ($2.4B vs $1.4B, roughly 1.7× Palantir Technologies). Palantir Technologies runs the higher net margin — 43.3% vs 25.3%, a 18.0% gap on every dollar of revenue. On growth, Palantir Technologies posted the faster year-over-year revenue change (70.0% vs 3.0%). Palantir Technologies produced more free cash flow last quarter ($764.0M vs $732.0M). Over the past eight quarters, Palantir Technologies's revenue compounded faster (48.9% CAGR vs 4.4%).

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.

Zoetis Inc. (/zō-EH-tis/) is an American drug company, the world's largest producer of medicine and vaccinations for pets and livestock. The company was a subsidiary of Pfizer, the world's largest drug maker, but with Pfizer's spinoff of its 83% interest in the firm it is now a completely independent company. The company directly markets its products in approximately 45 countries, and sells them in more than 100 countries. Operations outside the United States accounted for 50% of the total re...

PLTR vs ZTS — Head-to-Head

Bigger by revenue
ZTS
ZTS
1.7× larger
ZTS
$2.4B
$1.4B
PLTR
Growing faster (revenue YoY)
PLTR
PLTR
+67.0% gap
PLTR
70.0%
3.0%
ZTS
Higher net margin
PLTR
PLTR
18.0% more per $
PLTR
43.3%
25.3%
ZTS
More free cash flow
PLTR
PLTR
$32.0M more FCF
PLTR
$764.0M
$732.0M
ZTS
Faster 2-yr revenue CAGR
PLTR
PLTR
Annualised
PLTR
48.9%
4.4%
ZTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PLTR
PLTR
ZTS
ZTS
Revenue
$1.4B
$2.4B
Net Profit
$608.7M
$603.0M
Gross Margin
84.6%
70.2%
Operating Margin
40.9%
31.9%
Net Margin
43.3%
25.3%
Revenue YoY
70.0%
3.0%
Net Profit YoY
670.4%
3.8%
EPS (diluted)
$0.24
$1.37

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
ZTS
ZTS
Q4 25
$1.4B
$2.4B
Q3 25
$1.2B
$2.4B
Q2 25
$1.0B
$2.5B
Q1 25
$883.9M
$2.2B
Q4 24
$827.5M
$2.3B
Q3 24
$725.5M
$2.4B
Q2 24
$678.1M
$2.4B
Q1 24
$634.3M
$2.2B
Net Profit
PLTR
PLTR
ZTS
ZTS
Q4 25
$608.7M
$603.0M
Q3 25
$475.6M
$721.0M
Q2 25
$326.7M
$718.0M
Q1 25
$214.0M
$631.0M
Q4 24
$79.0M
$581.0M
Q3 24
$143.5M
$682.0M
Q2 24
$134.1M
$624.0M
Q1 24
$105.5M
$599.0M
Gross Margin
PLTR
PLTR
ZTS
ZTS
Q4 25
84.6%
70.2%
Q3 25
82.4%
71.5%
Q2 25
80.8%
73.6%
Q1 25
80.4%
72.0%
Q4 24
78.9%
69.5%
Q3 24
79.8%
70.6%
Q2 24
81.0%
71.7%
Q1 24
81.7%
70.6%
Operating Margin
PLTR
PLTR
ZTS
ZTS
Q4 25
40.9%
31.9%
Q3 25
33.3%
37.0%
Q2 25
26.8%
36.7%
Q1 25
19.9%
36.5%
Q4 24
1.3%
31.6%
Q3 24
15.6%
36.6%
Q2 24
15.5%
33.0%
Q1 24
12.8%
34.1%
Net Margin
PLTR
PLTR
ZTS
ZTS
Q4 25
43.3%
25.3%
Q3 25
40.3%
30.0%
Q2 25
32.6%
29.2%
Q1 25
24.2%
28.4%
Q4 24
9.5%
25.1%
Q3 24
19.8%
28.6%
Q2 24
19.8%
26.4%
Q1 24
16.6%
27.4%
EPS (diluted)
PLTR
PLTR
ZTS
ZTS
Q4 25
$0.24
$1.37
Q3 25
$0.18
$1.63
Q2 25
$0.13
$1.61
Q1 25
$0.08
$1.41
Q4 24
$0.03
$1.29
Q3 24
$0.06
$1.50
Q2 24
$0.06
$1.37
Q1 24
$0.04
$1.31

Balance Sheet & Financial Strength

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

Metric
PLTR
PLTR
ZTS
ZTS
Cash + ST InvestmentsLiquidity on hand
$7.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.4B
$3.3B
Total Assets
$8.9B
$15.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLTR
PLTR
ZTS
ZTS
Q4 25
$7.2B
Q3 25
$6.4B
$2.1B
Q2 25
$6.0B
$1.4B
Q1 25
$5.4B
$1.7B
Q4 24
$5.2B
$2.0B
Q3 24
$4.6B
$1.7B
Q2 24
$4.0B
$1.6B
Q1 24
$3.9B
$2.0B
Stockholders' Equity
PLTR
PLTR
ZTS
ZTS
Q4 25
$7.4B
$3.3B
Q3 25
$6.6B
$5.4B
Q2 25
$5.9B
$5.0B
Q1 25
$5.4B
$4.7B
Q4 24
$5.0B
$4.8B
Q3 24
$4.5B
$5.2B
Q2 24
$4.1B
$5.0B
Q1 24
$3.8B
$5.1B
Total Assets
PLTR
PLTR
ZTS
ZTS
Q4 25
$8.9B
$15.5B
Q3 25
$8.1B
$15.2B
Q2 25
$7.4B
$14.5B
Q1 25
$6.7B
$14.1B
Q4 24
$6.3B
$14.2B
Q3 24
$5.8B
$14.4B
Q2 24
$5.2B
$14.2B
Q1 24
$4.8B
$14.3B

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
ZTS
ZTS
Operating Cash FlowLast quarter
$777.3M
$893.0M
Free Cash FlowOCF − Capex
$764.0M
$732.0M
FCF MarginFCF / Revenue
54.3%
30.7%
Capex IntensityCapex / Revenue
0.9%
6.7%
Cash ConversionOCF / Net Profit
1.28×
1.48×
TTM Free Cash FlowTrailing 4 quarters
$2.1B
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLTR
PLTR
ZTS
ZTS
Q4 25
$777.3M
$893.0M
Q3 25
$507.7M
$938.0M
Q2 25
$539.3M
$486.0M
Q1 25
$310.3M
$587.0M
Q4 24
$460.3M
$905.0M
Q3 24
$419.8M
$951.0M
Q2 24
$144.2M
$502.0M
Q1 24
$129.6M
$595.0M
Free Cash Flow
PLTR
PLTR
ZTS
ZTS
Q4 25
$764.0M
$732.0M
Q3 25
$500.9M
$805.0M
Q2 25
$531.6M
$308.0M
Q1 25
$304.1M
$438.0M
Q4 24
$457.2M
$689.0M
Q3 24
$415.8M
$784.0M
Q2 24
$141.3M
$370.0M
Q1 24
$126.9M
$455.0M
FCF Margin
PLTR
PLTR
ZTS
ZTS
Q4 25
54.3%
30.7%
Q3 25
42.4%
33.5%
Q2 25
53.0%
12.5%
Q1 25
34.4%
19.7%
Q4 24
55.3%
29.7%
Q3 24
57.3%
32.8%
Q2 24
20.8%
15.7%
Q1 24
20.0%
20.8%
Capex Intensity
PLTR
PLTR
ZTS
ZTS
Q4 25
0.9%
6.7%
Q3 25
0.6%
5.5%
Q2 25
0.8%
7.2%
Q1 25
0.7%
6.7%
Q4 24
0.4%
9.3%
Q3 24
0.5%
7.0%
Q2 24
0.4%
5.6%
Q1 24
0.4%
6.4%
Cash Conversion
PLTR
PLTR
ZTS
ZTS
Q4 25
1.28×
1.48×
Q3 25
1.07×
1.30×
Q2 25
1.65×
0.68×
Q1 25
1.45×
0.93×
Q4 24
5.83×
1.56×
Q3 24
2.92×
1.39×
Q2 24
1.08×
0.80×
Q1 24
1.23×
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLTR
PLTR

Geographic Concentration Risk$1.1B77%
Other$330.4M23%

ZTS
ZTS

Other$1.3B56%
Livestock$234.0M10%
Pain Sedation$209.0M9%
Other Pharmaceuticals$188.0M8%
Swine$125.0M5%
Poultry$117.0M5%
Fish$81.0M3%
Other Non Pharmaceuticals$70.0M3%
Manufactured Product Other$18.0M1%
Medicated Feed Additives$12.0M1%

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