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 has reported Operating Margin for 6 years, with the latest figure 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.
- Over five years, Operating Margin peaked at 22.57% in Q4 2025 and troughed at 154.0% in Q1 2022.
- A 5-year average of 65.94% and a median of 61.21% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2023: Operating Margin sank 6175 bps in 2022, then surged 7342 bps in 2023.
- Over 5 years, Operating Margin stood at 85.77% in 2022, then retreated by 1 bps to 86.42% in 2023, then surged by 57 bps to 36.9% in 2024, then surged by 39 bps to 22.57% in 2025, then plunged by 64 bps to 37.06% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 37.06%, 41.47%, and 22.57% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 363.99 Bn | 354.64 Bn | 6.95 Bn | -29.28% |
| 2 | Rtx | 284.13 Bn | 275.83 Bn | 9.91 Bn | 11.38% |
| 3 | Boeing | 168.79 Bn | 148.76 Bn | 2.41 Bn | 0.64% |
| 4 | Lockheed Martin | 130.12 Bn | 126.33 Bn | 2.45 Bn | 12.36% |
| 5 | Howmet Aerospace | 109.10 Bn | 108.54 Bn | 951.00 Mn | 27.92% |
| 6 | General Dynamics | 103.45 Bn | 99.12 Bn | 6.76 Bn | 10.36% |
| 7 | Northrop Grumman | 78.26 Bn | 75.95 Bn | 3.72 Bn | 10.08% |
| 8 | TransDigm | 68.56 Bn | 65.79 Bn | 1.63 Bn | 44.76% |
| 9 | Axon Enterprise | 50.75 Bn | 50.07 Bn | 546.45 Mn | 5.17% |
| 10 | Planet Labs PBC | 7.69 Bn | 6.96 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% |