Revenue flow

Margins

Stage	LMT	% of rev	PLTR	% of rev	Gap · A − B
Revenue	$20.7B	100.00%	$2.3B	100.00%	LMT ×8.95
Gross profit	$2.4B	11.76%	$1.9B	83.43%	PLTR +71.7pp
Operating income	$2.4B	11.80%	$1.1B	46.89%	PLTR +35.1pp
Pre-tax income	$2.2B	10.49%	$1.1B	49.62%	PLTR +39.1pp
Net income	$1.8B	8.91%	$1.1B	49.04%	PLTR +40.1pp

Stage	LMT	PLTR	Gap · A − B
Revenue	$20.7B100.00%	$2.3B100.00%	LMT ×8.95
Gross profit	11.76%$2.4B	83.43%$1.9B	PLTR +71.7pp
Operating income	11.80%$2.4B	46.89%$1.1B	PLTR +35.1pp
Pre-tax income	10.49%$2.2B	49.62%$1.1B	PLTR +39.1pp