BBAI vs. PLTR

Last updated Apr 16, 2026

BBAI (BigBear.ai Holdings, Inc.) is a stock, while PLTR (Palantir Technologies Inc.) is a stock. Over the past 3 years, BBAI returned 5.69%/yr vs 152.69%/yr for PLTR. At 0.36, their price movements are largely independent.

Performance

BBAI vs. PLTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BigBear.ai Holdings, Inc. (BBAI) and Palantir Technologies Inc. (PLTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBAI achieves a -29.81% return, which is significantly lower than PLTR's -20.03% return.

BBAI

• 1D: 7.67%
• 1M: -4.05%
• YTD: -29.81%
• 6M: -55.52%
• 1Y: 47.47%
• 3Y*: 5.69%
• 5Y*: —
• 10Y*: —

PLTR

• 1D: 4.75%
• 1M: -6.92%
• YTD: -20.03%
• 6M: -20.86%
• 1Y: 44.46%
• 3Y*: 152.69%
• 5Y*: 44.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBAI vs. PLTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BBAI BigBear.ai Holdings, Inc.	-29.81%	21.35%	107.94%	217.65%	-88.10%	-35.09%
PLTR Palantir Technologies Inc.	-20.03%	135.03%	340.48%	167.45%	-64.74%	-4.46%

Correlation

The correlation between BBAI and PLTR is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 20, 2021	0.36

The correlation between BBAI and PLTR shifts across timeframes, from 0.36 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BBAI : $13.60B PLTR : $365.82B
EPS BBAI : -$0.20 PLTR : $0.63
PS Ratio BBAI : 43.11 PLTR : 81.51
PB Ratio BBAI : 22.22 PLTR : 49.52
Total Revenue (TTM) BBAI : $127.67M PLTR : $4.48B
Gross Profit (TTM) BBAI : $28.48M PLTR : $3.69B
EBITDA (TTM) BBAI : -$253.90M PLTR : $1.52B

Return for Risk

BBAI vs. PLTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBAI

BBAI Risk / Return Rank: 48
BBAI Sharpe Ratio Rank: 47
BBAI Sortino Ratio Rank: 57
BBAI Omega Ratio Rank: 49
BBAI Calmar Ratio Rank: 43
BBAI Martin Ratio Rank: 42

PLTR

PLTR Risk / Return Rank: 57
PLTR Sharpe Ratio Rank: 58
PLTR Sortino Ratio Rank: 52
PLTR Omega Ratio Rank: 52
PLTR Calmar Ratio Rank: 61
PLTR Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBAI vs. PLTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BigBear.ai Holdings, Inc. (BBAI) and Palantir Technologies Inc. (PLTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BBAI	PLTR	Difference
Sharpe ratio Return per unit of total volatility	0.47	0.84	-0.37
Sortino ratio Return per unit of downside risk	1.57	1.35	+0.22
Omega ratio Gain probability vs. loss probability	1.16	1.18	-0.02
Calmar ratio Return relative to maximum drawdown	0.53	1.59	-1.06
Martin ratio Return relative to average drawdown	1.05	3.62	-2.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBAI vs. PLTR - Sharpe Ratio Comparison

The current BBAI Sharpe Ratio is 0.47, which is lower than the PLTR Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of BBAI and PLTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBAI	PLTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	0.84	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	0.90	-1.00

Drawdowns

BBAI vs. PLTR - Drawdown Comparison

The maximum BBAI drawdown since its inception was -95.01%, which is greater than PLTR's maximum drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for BBAI and PLTR.

Drawdown Indicators

	BBAI	PLTR	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-84.62%	-10.39%
Max Drawdown (1Y) Largest decline over 1 year	-65.88%	-38.19%	-27.69%
Max Drawdown (5Y) Largest decline over 5 years	—	-79.14%	—
Current Drawdown Current decline from peak	-70.13%	-31.39%	-38.74%
Average Drawdown Average peak-to-trough decline	-71.01%	-40.51%	-30.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.19%	16.72%	+16.47%

Volatility

BBAI vs. PLTR - Volatility Comparison

BigBear.ai Holdings, Inc. (BBAI) has a higher volatility of 23.31% compared to Palantir Technologies Inc. (PLTR) at 17.90%. This indicates that BBAI's price experiences larger fluctuations and is considered to be riskier than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAI	PLTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.31%	17.90%	+5.41%
Volatility (6M) Calculated over the trailing 6-month period	63.03%	38.10%	+24.93%
Volatility (1Y) Calculated over the trailing 1-year period	102.81%	53.80%	+49.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	177.29%	65.47%	+111.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	177.29%	70.15%	+107.14%

Dividends

BBAI vs. PLTR - Dividend Comparison

Neither BBAI nor PLTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

BBAI vs. PLTR - Profitability Comparison

The chart below illustrates the profitability comparison between BigBear.ai Holdings, Inc. and Palantir Technologies Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BBAI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BigBear.ai Holdings, Inc. reported a gross profit of 5.55M and revenue of 27.30M. Therefore, the gross margin over that period was 20.3%.

PLTR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Palantir Technologies Inc. reported a gross profit of 1.19B and revenue of 1.41B. Therefore, the gross margin over that period was 84.7%.

BBAI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BigBear.ai Holdings, Inc. reported an operating income of -24.27M and revenue of 27.30M, resulting in an operating margin of -88.9%.

PLTR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Palantir Technologies Inc. reported an operating income of 575.39M and revenue of 1.41B, resulting in an operating margin of 40.9%.

BBAI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BigBear.ai Holdings, Inc. reported a net income of -5.83M and revenue of 27.30M, resulting in a net margin of -21.4%.

PLTR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Palantir Technologies Inc. reported a net income of 608.68M and revenue of 1.41B, resulting in a net margin of 43.3%.