Palantir Technologies Inc. Class A Common Stock (PLTR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 119,966 | -161,201 | -411,046 | -1,173,680 |
| Revenue | US$ in thousands | 2,225,010 | 1,905,870 | 1,541,890 | 1,092,670 |
| Operating profit margin | 5.39% | -8.46% | -26.66% | -107.41% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $119,966K ÷ $2,225,010K
= 5.39%
The operating profit margin of Palantir Technologies Inc. Class A Common Stock has exhibited a positive trend over the past four years, improving from a negative margin of -107.41% in 2020 to a positive margin of 5.39% in 2023. This indicates that the company has been able to enhance its operational efficiency and generate more profit from its core business activities. The significant turnaround from a substantial negative margin in 2020 to a positive margin in 2023 reflects improved cost management and revenue generation strategies implemented by the company. Despite some fluctuations in the interim years, the consistent overall improvement in the operating profit margin suggests a positive performance trajectory for Palantir Technologies Inc.
Peer comparison
Dec 31, 2023
See also:
Palantir Technologies Inc. Class A Common Stock Operating Profit Margin