Planet Labs PBC (PL) Operating Margin (2021 - 2026)
Planet Labs PBC (PL) reported Operating Margin of 37.06% for Q2 2026, down 269.0% on a YoY basis from 21.93% in Q2 2025, and up 10.64% sequentially from 41.47% in Q1 2026.
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.
- For the quarter ending Q2 2026, Operating Margin fell 269.0% year-over-year to 37.06%; the trailing twelve-month figure through Apr 2026 stood at 31.94% (up 976.0% YoY), and the FY2026 full-year result was 30.9%, up 1663.0% from the prior year.
- Operating Margin improved to 37.06% in Q2 2026, from 41.47% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 22.57% in Q4 2025 to a low of 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.
- Across the five-year window, Operating Margin tumbled 6175 bps in 2022 and soared 7342 bps in 2023, its largest moves.
- Tracing PL's Operating Margin over 5 years: stood at 85.77% in 2022, then dropped 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 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 | General Electric | 374.61 Bn | 365.27 Bn | -3.10 Bn | -1,952.73% |
| 2 | Rtx | 289.95 Bn | 281.65 Bn | 9.91 Bn | 11.38% |
| 3 | Boeing | 168.44 Bn | 148.42 Bn | 2.41 Bn | 0.64% |
| 4 | Lockheed Martin | 133.17 Bn | 129.38 Bn | 2.45 Bn | 12.36% |
| 5 | Howmet Aerospace | 113.21 Bn | 110.78 Bn | 854.00 Mn | 32.56% |
| 6 | General Dynamics | 103.06 Bn | 98.73 Bn | 6.76 Bn | 10.36% |
| 7 | Northrop Grumman | 76.42 Bn | 74.12 Bn | 3.72 Bn | 10.08% |
| 8 | TransDigm | 73.24 Bn | 69.36 Bn | 1.51 Bn | 46.31% |
| 9 | L3Harris Technologies | 51.62 Bn | 51.03 Bn | 1.40 Bn | 11.35% |
| 10 | Planet Labs PBC | 6.98 Bn | 6.35 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% |