PLTR vs SNPS: how the two businesses compare

  • Bigger business: SNPS, with $7.1B of yearly revenue, about 1.6× PLTR's $4.5B.
  • More profitable: PLTR keeps 36 cents of each sales dollar as profit, against 19 cents at SNPS.
  • More cash from each sale: PLTR turns 48 cents of each sales dollar into operating cash flow, against 22 cents at SNPS.

From each company's latest annual SEC filing. Fiscal years can end on different dates.

Synopsys (SNPS) is the larger business by reported revenue: $7.1B in its fiscal year ended Oct 2025, about 1.6× PLTR's $4.5B (fiscal year ended Dec 2025). PLTR's net margin was 36.3% and SNPS's 18.9%. Both file with the SEC under the same industry code, SIC 7372 (Services-Prepackaged Software).

Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.

Sector
Information Technology
SEC industry
Prepackaged Software
Same classification
Fiscal year ends
Different
PLTR December 31 · SNPS October 31
Reviewed
Feb 17, 2026

PLTR vs SNPS: quick comparison

Company factPLTRSNPS
CompanyPalantir Technologies Inc.Synopsys, Inc.
ExchangeNASDAQNASDAQ
HeadquartersDenver, Colorado—
Founded2003—
SEC industryServices-Prepackaged SoftwareServices-Prepackaged Software
Fiscal year-endDecember 31October 31
Latest annual filing10-K · 2026-02-1710-K · 2025-12-22

PLTR vs SNPS: audited financials

  • Scale: SNPS's $7.1B of revenue is about 1.6× PLTR's $4.5B.
  • Net margin: PLTR kept 36.3% of revenue as net income versus 18.9% at SNPS.
  • Cash conversion: operating cash flow equalled PLTR 47.7% of revenue, or 1.31× net income; SNPS 21.5% of revenue, or 1.14× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
  • Periods: the fiscal years end about 2 months apart (2025-12-31 for PLTR, 2025-10-31 for SNPS), so each figure reflects somewhat different demand and cost conditions.

PLTR: FY ending 2025-12-31 · SNPS: FY ending 2025-10-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.

Where PLTR and SNPS overlap, and where they don't

Overlap

  • Same SEC industry: both report under SIC 7372, Services-Prepackaged Software.
  • Shared research theme: Artificial intelligence.

Differences

  • Offset fiscal calendars: PLTR's year ends December 31 and SNPS's October 31, about 2 months apart.
  • Only PLTR maps to Wars & geopolitics.
  • Scale: SNPS reported about 1.6× the annual revenue of PLTR.
  • Profitability: net margin of 36.3% for PLTR versus 18.9% for SNPS.

Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.

Palantir Technologies Inc. (PLTR)

Palantir builds data-integration and analytics platforms used by defense agencies, intelligence services, and commercial enterprises. Its AI platform for operational decision-making has driven rapid growth in its commercial business.

Synopsys, Inc. (SNPS)

Synopsys develops electronic design automation software and semiconductor IP used to design and verify complex chips.

What moves each company

Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.

What moves PLTR

  • Growth and renewal of US and allied government contracts, including defense and intelligence work
  • Adoption speed of the Artificial Intelligence Platform (AIP) among commercial customers
  • Commercial revenue mix shift and net dollar retention outside of government
  • Valuation relative to growth, given the stock's premium multiple versus software peers

What moves SNPS

We have not yet published a company-specific driver list for SNPS. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2025-12-22.

The investment question

You now know SNPS reports about 1.6× PLTR's revenue, and PLTR keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to artificial intelligence, including “Growth and renewal of US and allied government contracts, including defense and intelligence work” at PLTR, and which evidence in the next filings would prove that assumption wrong.

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SEC filing comparison and disclosure evidence

Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. PLTR's fiscal year ends December 31, while SNPS's ends October 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.

The current verified House and Senate snapshot contains 50 matched transaction rows for PLTR and 17 matched transaction rows for SNPS. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.

What this comparison cannot tell you

This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.

A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.

PLTR vs SNPS FAQs

Are PLTR and SNPS direct competitors?

Palantir Technologies and Synopsys share the SEC industry classification “Services-Prepackaged Software.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.

Is PLTR or SNPS the bigger company by revenue?

Synopsys (SNPS) is the larger business by reported revenue: $7.1B in its fiscal year ended Oct 2025, about 1.6× PLTR's $4.5B (fiscal year ended Dec 2025). PLTR's net margin was 36.3% and SNPS's 18.9%. Both file with the SEC under the same industry code, SIC 7372 (Services-Prepackaged Software). Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.

Which is better, PLTR or SNPS?

There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.

Does this PLTR vs SNPS comparison include live prices?

No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Palantir Technologies Inc. and Synopsys, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.

Where does the company information come from?

Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.

Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.

Which business differences matter to the investment thesis?

PLTR vs SNPS compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.

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