PLTR vs. IDXX
PLTR (Palantir Technologies Inc.) and IDXX (IDEXX Laboratories, Inc.) are both stocks. PLTR operates in Software - Infrastructure (Technology), while IDXX operates in Diagnostics & Research (Healthcare). Over the past 5 years, PLTR returned 41.37%/yr vs -0.19%/yr for IDXX. At a 0.34 correlation, their price movements are largely independent.
Performance
PLTR vs. IDXX - Performance Comparison
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Returns By Period
In the year-to-date period, PLTR achieves a -23.22% return, which is significantly lower than IDXX's -17.05% return.
PLTR
- 1D
- 0.69%
- 1M
- -0.97%
- YTD
- -23.22%
- 6M
- -24.81%
- 1Y
- 6.85%
- 3Y*
- 108.67%
- 5Y*
- 41.37%
- 10Y*
- —
IDXX
- 1D
- -0.18%
- 1M
- 0.19%
- YTD
- -17.05%
- 6M
- -20.59%
- 1Y
- 6.91%
- 3Y*
- 7.57%
- 5Y*
- -0.19%
- 10Y*
- 20.23%
PLTR vs. IDXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PLTR Palantir Technologies Inc. | -23.22% | 135.03% | 340.48% | 167.45% | -64.74% | -22.68% | 135.50% |
IDXX IDEXX Laboratories, Inc. | -17.05% | 63.63% | -25.51% | 36.06% | -38.04% | 31.73% | 29.82% |
Correlation
The correlation between PLTR and IDXX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.34 |
The correlation between PLTR and IDXX shifts across timeframes, from 0.24 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
PLTR:
$0.89
IDXX:
$18.08
PLTR:
153.57
IDXX:
31.04
PLTR:
0.89
IDXX:
2.68
PLTR:
67.07
IDXX:
7.65
PLTR:
$5.22B
IDXX:
$4.45B
PLTR:
$4.39B
IDXX:
$2.76B
PLTR:
$2.01B
IDXX:
$1.52B
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Return for Risk
PLTR vs. IDXX — Risk / Return Rank
PLTR
IDXX
PLTR vs. IDXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palantir Technologies Inc. (PLTR) and IDEXX Laboratories, Inc. (IDXX). 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.
| PLTR | IDXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.09 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.22 | -0.04 |
| Martin ratioReturn relative to average drawdown | 0.33 | 0.46 | -0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLTR | IDXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.17 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | -0.01 | +0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.51 | +0.35 |
Drawdowns
PLTR vs. IDXX - Drawdown Comparison
The maximum PLTR drawdown since its inception was -84.62%, roughly equal to the maximum IDXX drawdown of -81.42%. Use the drawdown chart below to compare losses from any high point for PLTR and IDXX.
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Drawdown Indicators
| PLTR | IDXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.62% | -81.42% | -3.20% |
Max Drawdown (1Y)Largest decline over 1 year | -38.19% | -31.04% | -7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -40.61% | -37.41% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -79.14% | -54.00% | -25.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.00% | — |
Current DrawdownCurrent decline from peak | -34.13% | -26.81% | -7.32% |
Average DrawdownAverage peak-to-trough decline | -40.29% | -21.00% | -19.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.71% | 15.03% | +5.68% |
Volatility
PLTR vs. IDXX - Volatility Comparison
Palantir Technologies Inc. (PLTR) has a higher volatility of 17.24% compared to IDEXX Laboratories, Inc. (IDXX) at 8.57%. This indicates that PLTR's price experiences larger fluctuations and is considered to be riskier than IDXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLTR | IDXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.24% | 8.57% | +8.67% |
Volatility (6M)Calculated over the trailing 6-month period | 38.35% | 19.89% | +18.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.93% | 41.46% | +9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.44% | 35.28% | +30.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.81% | 33.01% | +36.80% |
Dividends
PLTR vs. IDXX - Dividend Comparison
Neither PLTR nor IDXX has paid dividends to shareholders.
Financials
PLTR vs. IDXX - Financials Comparison
This section allows you to compare key financial metrics between Palantir Technologies Inc. and IDEXX Laboratories, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PLTR vs. IDXX - Profitability Comparison
PLTR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported a gross profit of 1.42B and revenue of 1.63B. Therefore, the gross margin over that period was 86.8%.
IDXX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a gross profit of 722.74M and revenue of 1.14B. Therefore, the gross margin over that period was 63.4%.
PLTR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported an operating income of 754.00M and revenue of 1.63B, resulting in an operating margin of 46.2%.
IDXX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported an operating income of 362.59M and revenue of 1.14B, resulting in an operating margin of 31.8%.
PLTR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palantir Technologies Inc. reported a net income of 870.53M and revenue of 1.63B, resulting in a net margin of 53.3%.
IDXX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDEXX Laboratories, Inc. reported a net income of 278.45M and revenue of 1.14B, resulting in a net margin of 24.4%.
Frequently Asked Questions
PLTR and IDXX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (17.24%) compared to IDXX (8.57%). In terms of maximum drawdown, PLTR dropped -84.62% vs IDXX's -81.42%.
IDXX currently has the higher Sharpe Ratio (0.17 vs 0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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