Planet Labs PBC (PL) Gross Margin (2021 - 2026)
Planet Labs PBC (PL) posted Gross Margin of 53.53% for Q2 2026, down 1.17% sequentially from 54.17% in Q1 2026, and down 170.0% YoY from 76.48% in Q2 2025.
Planet Labs PBC (PL) Gross Margin (2021 - 2026) Analysis & Trends
Planet Labs PBC (PL) has 6 years of Gross Margin data on file, last reported at 53.53% in Q2 2026.
- Quarterly Gross Margin fell 170.0% year-over-year to 53.53% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 55.51% (down 231.0% YoY) and the FY2026 annual result came in at 56.05%, down 113.0% from the prior year.
- Gross Margin eased to 53.53% in Q2 2026 per PL's latest filing, from 54.17% in the prior quarter.
- The five-year high for Gross Margin was 62.08% in Q1 2025, with the low at 37.46% in Q1 2022.
- Average Gross Margin over 5 years is 52.4%, with a median of 53.47% recorded in 2023.
- Year-over-year, Gross Margin jumped 1739 bps in 2023 and sank 792 bps in 2026.
- Planet Labs PBC's Gross Margin stood at 50.25% in 2022, then dropped by 6 bps to 47.0% in 2023, then soared by 30 bps to 61.24% in 2024, then dropped by 6 bps to 57.33% in 2025, then decreased by 7 bps to 53.53% in 2026.
- Business Quant data shows PL's Gross Margin at 53.53% in Q2 2026, 54.17% in Q1 2026, and 57.33% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 11.46% |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 41.11% |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 67.40% |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 11.53% |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 36.92% |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 59.39% |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 34.90% |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | 38.18% |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 24.41% |
| 10 | Planet Labs PBC | 10.92 Bn | 10.19 Bn | 50.40 Mn | 53.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 53.53% |
| Jan 31, 2026 | 54.17% |
| Oct 31, 2025 | 57.33% |
| Jul 31, 2025 | 57.60% |
| Apr 30, 2025 | 55.24% |
| Jan 31, 2025 | 62.08% |
| Oct 31, 2024 | 61.24% |
| Jul 31, 2024 | 52.89% |
| Apr 30, 2024 | 52.42% |
| Jan 31, 2024 | 55.19% |
| Oct 31, 2023 | 47.00% |
| Jul 31, 2023 | 48.91% |
| Apr 30, 2023 | 53.41% |
| Jan 31, 2023 | 54.86% |
| Oct 31, 2022 | 50.25% |
| Jul 31, 2022 | 48.45% |
| Apr 30, 2022 | 41.12% |
| Jan 31, 2022 | 37.46% |
| Jul 31, 2021 | 34.82% |
| Apr 30, 2021 | 40.15% |