Palantir vs. the defense primes: revenue growth
This chart compares revenue growth at Palantir with Lockheed Martin, RTX, Northrop Grumman, and General Dynamics. It uses annual whole-company SEC revenue indexed to 2019; the companies have different commercial businesses and corporate histories, so the chart is not a comparison of defense-contract revenue or market share.
What does it show?
Palantir’s revenue has grown far faster than the large defense primes since 2019.
Methodology
Annual whole-company results from SEC XBRL company concepts for Palantir, Lockheed Martin, RTX, Northrop Grumman, and General Dynamics, restricted to fiscal years available for all five companies. These are not comparable defense-contract revenues: Palantir includes commercial customers, RTX includes commercial aerospace, and General Dynamics includes Gulfstream. RTX's 2020 Raytheon/United Technologies combination also creates a corporate-scope break. Revenue is divided by each company's own 2019 revenue and multiplied by 100; the chart compares growth paths, not company size or market share.