Palantir Technologies Inc. Class A Common Stock (PLTR)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 229,525 | -363,638 | -488,494 | -1,179,030 |
| Revenue | US$ in thousands | 2,225,010 | 1,905,870 | 1,541,890 | 1,092,670 |
| Pretax margin | 10.32% | -19.08% | -31.68% | -107.90% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $229,525K ÷ $2,225,010K
= 10.32%
The pretax margin of Palantir Technologies Inc. Class A Common Stock has shown a significant improvement over the past four years. The company's pretax margin was negative in 2020 and 2021, indicating that expenses exceeded operating income before taxes during those periods. However, by the end of 2022 and 2023, Palantir Technologies Inc. has managed to achieve positive pretax margins, with the figure reaching 10.32% in 2023.
This positive trend suggests that the company has been able to control costs more effectively and generate higher profitability from its operations. It is crucial for investors and stakeholders to monitor this metric closely, as it reflects the company's ability to generate profits before tax expenses relative to its revenue. Overall, the improvement in pretax margin indicates positive developments in Palantir Technologies Inc.'s financial performance and operational efficiency.
Peer comparison
Dec 31, 2023