Analysis of Reportable Segments
Palantir Technologies Inc. operates in 2 segments: Government and Commercial.
Segment Profit Margin
Palantir Technologies Inc., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|
| Government | 59.32% | 57.91% | 60.39% | 56.86% |
| Commercial | 51.91% | 49.69% | 55.47% | 51.26% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Government | Government segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Commercial | Commercial segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Profit Margin: Government
Palantir Technologies Inc.; Government; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||
| Contribution | 724,970) | 620,677) | 541,883) | 346,937) |
| Revenue | 1,222,215) | 1,071,776) | 897,356) | 610,198) |
| Segment Profitability Ratio | ||||
| Segment profit margin1 | 59.32% | 57.91% | 60.39% | 56.86% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2023 Calculation
Segment profit margin = 100 × Contribution ÷ Revenue
= 100 × 724,970 ÷ 1,222,215 = 59.32%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Government | Government segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Segment Profit Margin: Commercial
Palantir Technologies Inc.; Commercial; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||
| Contribution | 520,585) | 414,496) | 357,546) | 247,320) |
| Revenue | 1,002,797) | 834,095) | 644,533) | 482,475) |
| Segment Profitability Ratio | ||||
| Segment profit margin1 | 51.91% | 49.69% | 55.47% | 51.26% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2023 Calculation
Segment profit margin = 100 × Contribution ÷ Revenue
= 100 × 520,585 ÷ 1,002,797 = 51.91%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Commercial | Commercial segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Revenue
Palantir Technologies Inc., revenue by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|
| Government | 1,222,215) | 1,071,776) | 897,356) | 610,198) |
| Commercial | 1,002,797) | 834,095) | 644,533) | 482,475) |
| Total | 2,225,012) | 1,905,871) | 1,541,889) | 1,092,673) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Contribution
Palantir Technologies Inc., contribution by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|
| Government | 724,970) | 620,677) | 541,883) | 346,937) |
| Commercial | 520,585) | 414,496) | 357,546) | 247,320) |
| Total | 1,245,555) | 1,035,173) | 899,429) | 594,257) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).