MSTR vs. PLTR: Strategy vs. Palantir Stock Comparison

June 28, 2026

How do Strategy (MSTR) and Palantir (PLTR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Strategy (MSTR) and Palantir (PLTR) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

Strategy (MSTR) has more than two decades of public-market history since June 11, 1998, whereas Palantir (PLTR) listed on September 30, 2020 and has a much shorter record to draw on.

Company profile comparison for Strategy (MSTR) and Palantir (PLTR)
Profile Item	MSTR	PLTR
Name	Strategy Inc.	Palantir Technologies Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	Software
GICS Sub-Industry	Application Software	Application Software
Market Capitalization	29.45 billion USD	270.73 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	June 11, 1998	September 30, 2020
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MSTR

PLTR

Strategy (MSTR) vs. Palantir (PLTR): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Strategy (MSTR) and Palantir (PLTR). Returns over one year are annualized.

Performance Metrics

Price performance metrics for Strategy (MSTR) and Palantir (PLTR)
Metric	MSTR	PLTR
Total Return (1Y)	-78.70%	-21.71%

Risk Profile

Drawdown History

MSTR

PLTR

Strategy (MSTR) vs. Palantir (PLTR): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk Metrics

Risk profile metrics for Strategy (MSTR) and Palantir (PLTR)
Metric	MSTR	PLTR
Volatility (1Y, Annualized)	73.18%	52.13%
Beta (5Y)	3.60	1.60
Avg. Volume (3M)	19.82M	44.89M

Risk-Adjusted Performance

Risk-Return Positioning

MSTR and PLTR are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Profitability

ROE (TTM)

Strategy (MSTR) reports a negative ROE of -30.76%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Palantir (PLTR) reports 32.59%, ranking against industry peers normally.

MSTR

Software & Services industry group

-30.76%

Max: 53.38%
Q3: 16.53%
Median: 5.38%
Q1: -13.43%
MSTR: -30.76%
Min: -55.27%

PLTR

Software & Services industry group

32.59%

Max: 53.38%
PLTR: 32.59%
Q3: 16.53%
Median: 5.38%
Q1: -13.43%
Min: -55.27%

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Palantir (PLTR) at 43.67% retains a top-quartile share of revenue as profit, ahead of Strategy (MSTR) at 0.00%, which keeps about the industry-typical share.

MSTR

Software & Services industry group

0.00%

Max: 44.20%
Q3: 14.93%
Median: 3.32%
MSTR: 0.00%
Q1: -5.99%
Min: -34.99%

PLTR

Software & Services industry group

43.67%

Max: 44.20%
PLTR: 43.67%
Q3: 14.93%
Median: 3.32%
Q1: -5.99%
Min: -34.99%

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Strategy (MSTR) reports a negative operating margin of -11,641.53%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Palantir (PLTR) reports 46.18%, ranking against industry peers normally.

MSTR

Software & Services industry group

-11,641.53%

Max: 60.45%
Q3: 16.49%
Median: 4.46%
Q1: -12.92%
Min: -53.94%
MSTR: -11,641.53%

PLTR

Software & Services industry group

46.18%

Max: 60.45%
PLTR: 46.18%
Q3: 16.49%
Median: 4.46%
Q1: -12.92%
Min: -53.94%

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Strategy (MSTR) and Palantir (PLTR)
Metric	MSTR	PLTR
ROE (TTM)	-30.76%	32.59%
ROA (TTM)	-17.81%	14.70%
Net Margin (TTM)	0.00%	43.67%
Operating Margin (TTM)	-11,641.53%	46.18%
Gross Margin (TTM)	68.11%	84.07%

Growth

Revenue Growth

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their Revenue Growth across different time periods.

Revenue Growth Metrics

Revenue growth metrics for Strategy (MSTR) and Palantir (PLTR)
Metric	MSTR	PLTR
Revenue Growth (YoY)	2.97%	56.18%
Revenue Growth (3Y CAGR)	-1.49%	32.92%

EPS Growth

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their EPS Growth across different time periods.

EPS Growth Metrics

EPS growth metrics for Strategy (MSTR) and Palantir (PLTR)
Metric	MSTR	PLTR
EPS Growth (YoY)	--	231.06%
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Both Strategy (MSTR) at 6.05 and Palantir (PLTR) at 6.91 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

MSTR

Software & Services industry group

6.05

MSTR: 6.05
Max: 5.55
Q3: 2.88
Median: 1.72
Q1: 1.07
Min: 0.03

PLTR

Software & Services industry group

6.91

PLTR: 6.91
Max: 5.55
Q3: 2.88
Median: 1.72
Q1: 1.07
Min: 0.03

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Palantir (PLTR) at 0.02 keeps leverage in the lower industry quartile, while Strategy (MSTR) at 0.18 runs a more typical debt-to-equity mix.

MSTR

Software & Services industry group

0.18

Max: 2.31
Q3: 1.06
Median: 0.32
MSTR: 0.18
Q1: 0.06
Min: 0.00

PLTR

Software & Services industry group

0.02

Max: 2.31
Q3: 1.06
Median: 0.32
Q1: 0.06
PLTR: 0.02
Min: 0.00

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Strategy (MSTR) and Palantir (PLTR)
Metric	MSTR	PLTR
Current Ratio (MRQ)	6.05	6.91
Debt / Equity (MRQ)	0.18	0.02
Net Debt / EBITDA	--	-3.87

Dividends

Dividend Yield (TTM)

Neither Strategy (MSTR) nor Palantir (PLTR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

MSTR

Software & Services industry group

0.00%

MSTR: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PLTR

Software & Services industry group

0.00%

PLTR: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Strategy (MSTR) nor Palantir (PLTR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

MSTR

Software & Services industry group

0.00%

MSTR: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PLTR

Software & Services industry group

0.00%

PLTR: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Strategy (MSTR) and Palantir (PLTR)
Metric	MSTR	PLTR
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Palantir (PLTR) trades at 126.89 times trailing earnings, ranked against its peers, while Strategy (MSTR) has no P/E ratio this period.

MSTR

Software & Services industry group

Max: 114.57
Q3: 59.78
Median: 29.42
Q1: 16.20
Min: 0.40
MSTR: --

PLTR

Software & Services industry group

126.89

PLTR: 126.89
Max: 114.57
Q3: 59.78
Median: 29.42
Q1: 16.20
Min: 0.40

Strategy (MSTR) vs. Palantir (PLTR): MSTR does not report P/E ratio, so it has no value marker; PLTR is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both Strategy (MSTR) at 60.04 and Palantir (PLTR) at 51.82 — each P/S ratio clears its industry’s benchmark range.

MSTR

Software & Services industry group

60.04

MSTR: 60.04
Max: 17.86
Q3: 8.79
Median: 4.10
Q1: 2.13
Min: 0.03

PLTR

Software & Services industry group

51.82

PLTR: 51.82
Max: 17.86
Q3: 8.79
Median: 4.10
Q1: 2.13
Min: 0.03

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Strategy (MSTR) at 0.78 sits in the lower P/B ratio quartile relative to book while Palantir (PLTR) at 32.04 prices above its industry range — a wide valuation gap against assets.

MSTR

Software & Services industry group

0.78

Max: 17.72
Q3: 8.62
Median: 3.82
Q1: 1.97
MSTR: 0.78
Min: -7.65

PLTR

Software & Services industry group

32.04

PLTR: 32.04
Max: 17.72
Q3: 8.62
Median: 3.82
Q1: 1.97
Min: -7.65

Strategy (MSTR) vs. Palantir (PLTR): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Strategy (MSTR) and Palantir (PLTR)
Metric	MSTR	PLTR
P/E Ratio (TTM)	--	126.89
P/S Ratio (TTM)	60.04	51.82
P/B Ratio (MRQ)	0.78	32.04
Free Cash Flow Yield (TTM)	-29.54%	0.65%