Pure Storage Inc (PSTG)
Gross profit margin
| Feb 4, 2024 | Feb 5, 2023 | Feb 6, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,021,190 | 1,897,650 | 1,472,520 | 1,148,920 | 1,133,550 |
| Revenue | US$ in thousands | 2,817,430 | 2,740,340 | 2,138,940 | 1,655,280 | 1,612,150 |
| Gross profit margin | 71.74% | 69.25% | 68.84% | 69.41% | 70.31% |
February 4, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,021,190K ÷ $2,817,430K
= 71.74%
Pure Storage Inc's gross profit margin has shown a consistent trend of improvement over the past five years. The margin has increased from 70.31% in February 2020 to 71.74% in February 2024. This indicates that the company has effectively managed its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. The company's ability to maintain and improve its gross profit margin over time reflects operational efficiency and potentially competitive pricing strategies. Overall, Pure Storage Inc's gross profit margin performance demonstrates a positive trend in maximizing profitability at the gross level.
Peer comparison
Feb 4, 2024