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 has reported Gross Margin for 6 years, with the latest figure 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.
- Over five years, Gross Margin peaked at 62.08% in Q1 2025 and troughed at 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.
- The sharpest annual moves came in 2023 and 2026: Gross Margin surged 1739 bps in 2023, then tumbled 792 bps in 2026.
- Over 5 years, Gross Margin stood at 50.25% in 2022, then slipped by 6 bps to 47.0% in 2023, then surged by 30 bps to 61.24% in 2024, then slipped by 6 bps to 57.33% in 2025, then retreated by 7 bps to 53.53% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 53.53%, 54.17%, and 57.33% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 361.18 Bn | 351.84 Bn | 6.95 Bn | 52.07% |
| 2 | Rtx | 286.28 Bn | 277.98 Bn | 9.91 Bn | 40.09% |
| 3 | Boeing | 169.24 Bn | 149.22 Bn | 2.41 Bn | 9.83% |
| 4 | Lockheed Martin | 130.81 Bn | 127.02 Bn | 2.45 Bn | 12.19% |
| 5 | Howmet Aerospace | 109.45 Bn | 108.88 Bn | 951.00 Mn | 37.34% |
| 6 | General Dynamics | 104.24 Bn | 99.90 Bn | 6.76 Bn | 47.94% |
| 7 | Northrop Grumman | 79.28 Bn | 76.97 Bn | 3.72 Bn | 34.21% |
| 8 | TransDigm | 68.65 Bn | 65.88 Bn | 1.63 Bn | 59.39% |
| 9 | L3Harris Technologies | 50.12 Bn | 48.60 Bn | 1.50 Bn | 25.54% |
| 10 | Planet Labs PBC | 7.61 Bn | 6.88 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% |