Planet Labs PBC (PL) Operating Margin (2021 - 2026)
Planet Labs PBC (PL) posted Operating Margin of 37.06% for Q2 2026, up 10.64% sequentially from 41.47% in Q1 2026, and down 269.0% YoY from 21.93% in Q2 2025.
Planet Labs PBC (PL) Operating Margin (2021 - 2026) Analysis & Trends
Planet Labs PBC (PL) has 6 years of Operating Margin data on file, last reported at 37.06% in Q2 2026.
- Quarterly Operating Margin fell 269.0% year-over-year to 37.06% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 31.94% (up 976.0% YoY) and the FY2026 annual result came in at 30.9%, up 1663.0% from the prior year.
- Operating Margin improved to 37.06% in Q2 2026 per PL's latest filing, from 41.47% in the prior quarter.
- The five-year high for Operating Margin was 22.57% in Q4 2025, with the low at 154.0% in Q1 2022.
- Average Operating Margin over 5 years is 65.94%, with a median of 61.21% recorded in 2024.
- Year-over-year, Operating Margin tumbled 6175 bps in 2022 and jumped 7342 bps in 2023.
- Planet Labs PBC's Operating Margin stood at 85.77% in 2022, then decreased by 1 bps to 86.42% in 2023, then soared by 57 bps to 36.9% in 2024, then soared by 39 bps to 22.57% in 2025, then sank by 64 bps to 37.06% in 2026.
- Business Quant data shows PL's Operating Margin at 37.06% in Q2 2026, 41.47% in Q1 2026, and 22.57% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Boeing | 1,106.33 Bn | 1,085.43 Bn | 2.55 Bn | 2.02% |
| 2 | Rtx | 258.51 Bn | 253.40 Bn | 9.08 Bn | 11.57% |
| 3 | General Dynamics | 174.86 Bn | 171.21 Bn | 9.09 Bn | 10.53% |
| 4 | Lockheed Martin | 119.99 Bn | 118.10 Bn | 2.08 Bn | 11.45% |
| 5 | Howmet Aerospace | 107.26 Bn | 104.82 Bn | 854.00 Mn | 32.56% |
| 6 | TransDigm | 76.18 Bn | 72.30 Bn | 1.51 Bn | 46.31% |
| 7 | Northrop Grumman | 73.88 Bn | 71.79 Bn | 3.45 Bn | 10.01% |
| 8 | Rocket Lab | 60.59 Bn | 59.31 Bn | 76.49 Mn | -27.94% |
| 9 | L3Harris Technologies | 54.60 Bn | 54.60 Bn | 1.40 Bn | 11.35% |
| 10 | Planet Labs PBC | 10.92 Bn | 10.19 Bn | 50.40 Mn | -37.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -37.06% |
| Jan 31, 2026 | -41.47% |
| Oct 31, 2025 | -22.57% |
| Jul 31, 2025 | -24.47% |
| Apr 30, 2025 | -34.36% |
| Jan 31, 2025 | -31.46% |
| Oct 31, 2024 | -36.90% |
| Jul 31, 2024 | -64.78% |
| Apr 30, 2024 | -57.20% |
| Jan 31, 2024 | -57.63% |
| Oct 31, 2023 | -86.42% |
| Jul 31, 2023 | -80.50% |
| Apr 30, 2023 | -84.80% |
| Jan 31, 2023 | -80.58% |
| Oct 31, 2022 | -85.77% |
| Jul 31, 2022 | -88.01% |
| Apr 30, 2022 | -118.91% |
| Jan 31, 2022 | -154.00% |
| Jul 31, 2021 | -79.81% |
| Apr 30, 2021 | -57.16% |