Planet Labs PBC (PL) Gross Margin (2021 - 2026)
Planet Labs PBC (PL) reported Gross Margin of 53.53% for Q2 2026, down 170.0% on a YoY basis from 76.48% in Q2 2025, and down 1.17% sequentially from 54.17% in Q1 2026.
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.
- For the quarter ending Q2 2026, Gross Margin fell 170.0% year-over-year to 53.53%; the trailing twelve-month figure through Apr 2026 stood at 55.51% (down 231.0% YoY), and the FY2026 full-year result was 56.05%, down 113.0% from the prior year.
- Gross Margin eased to 53.53% in Q2 2026, from 54.17% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 62.08% in Q1 2025 to a low of 37.46% in Q1 2022.
- A 5-year average of 52.4% and a median of 53.47% in 2023 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin soared 1739 bps in 2023 and sank 792 bps in 2026, its largest moves.
- Tracing PL's Gross Margin over 5 years: stood at 50.25% in 2022, then fell by 6 bps to 47.0% in 2023, then surged by 30 bps to 61.24% in 2024, then fell by 6 bps to 57.33% in 2025, then dropped 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 | General Electric | 373.11 Bn | 363.77 Bn | -3.10 Bn | -433.85% |
| 2 | Rtx | 288.23 Bn | 279.93 Bn | 9.91 Bn | 40.09% |
| 3 | Boeing | 167.89 Bn | 147.87 Bn | 2.41 Bn | 9.83% |
| 4 | Lockheed Martin | 132.16 Bn | 128.37 Bn | 2.45 Bn | 12.19% |
| 5 | Howmet Aerospace | 112.88 Bn | 110.45 Bn | 854.00 Mn | 36.92% |
| 6 | General Dynamics | 102.49 Bn | 98.16 Bn | 6.76 Bn | 47.94% |
| 7 | Northrop Grumman | 75.87 Bn | 73.56 Bn | 3.72 Bn | 34.21% |
| 8 | TransDigm | 72.49 Bn | 68.61 Bn | 1.51 Bn | 59.39% |
| 9 | L3Harris Technologies | 50.89 Bn | 50.30 Bn | 1.40 Bn | 24.41% |
| 10 | Planet Labs PBC | 7.02 Bn | 6.40 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% |