+235% above 5y medianEV / revenue vs. its own five years
Board median EV / revenue10.2×five-year median 11.8× · −14%
Median Rule of 405321 of 24 above the line
Median revenue growth18%a year ago 15% · accelerating
Median SBC / revenue11%FCF margin 30% → 16% ex-SBC
Lights on0 of 3prices Oct 16, 2026 · TTM through Aug 31, 2026
Against the line
growth + FCF margin, in points
line 40score 133
growth 79 ptFCF margin 55 pt
Growth +79% plus FCF margin +55% is 133 points, 93 above the line at 40. Counting the stock as an expense: 120 points.
Where it has traded
quarter-end EV / revenue · 20 quarters · Sep 30, 2021 → Jun 30, 2026
Five-year median 22.7×, middle half 15.7–65.6×, range 6.2–118.4×. Now 76.2×: +235% above its own median, higher than 85% of those quarters.Each quarter at its own close, shares and balance sheet · the band is the 25th–75th percentile
What the cash flow really is
TTM through Jun 30, 2026 · $B
FCF 3.36B − SBC 0.84B = 2.52B ex-SBC · operating income 2.63B is the GAAP figure after SBC
Against its scale group
PLTR (blue) vs. the other Large companies on the board (14), grey
Revenue growth+79% vs. +23%
Gross margin85% vs. 75%
FCF margin+55% vs. +31%
SBC / revenue14% vs. 15%
Rule of 40133 vs. 54
EV / revenue76.2× vs. 14.7×
Group averages are the plain mean of the other companies in the same scale group with a usable window.
Quarter by quarter
8 quarters · Sep 30, 2024 → Jun 30, 2026 · a gap is a dropped quarter