Pure Storage Inc (PSTG)
Gross profit margin
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 4, 2024 | Jan 31, 2024 | Nov 5, 2023 | Oct 31, 2023 | Aug 6, 2023 | Jul 31, 2023 | Apr 30, 2023 | Feb 5, 2023 | Jan 31, 2023 | Nov 6, 2022 | Oct 31, 2022 | Aug 7, 2022 | Jul 31, 2022 | May 8, 2022 | Apr 30, 2022 | Feb 6, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,212,709 | 2,187,212 | 2,172,794 | 2,185,461 | 2,242,502 | 2,160,591 | 2,078,680 | 1,939,280 | 1,947,850 | 2,022,574 | 2,002,316 | 2,055,304 | 1,937,555 | 1,819,806 | 1,779,897 | 1,739,988 | 1,772,254 | 1,804,520 | 1,752,886 | 1,666,487 |
| Revenue (ttm) | US$ in thousands | 3,168,164 | 3,076,661 | 3,035,394 | 3,027,768 | 3,097,127 | 2,993,763 | 2,892,629 | 2,725,791 | 2,779,355 | 2,904,587 | 2,884,186 | 2,970,929 | 2,797,671 | 2,634,236 | 2,578,490 | 2,522,845 | 2,576,053 | 2,637,851 | 2,588,067 | 2,454,254 |
| Gross profit margin | 69.84% | 71.09% | 71.58% | 72.18% | 72.41% | 72.17% | 71.86% | 71.15% | 70.08% | 69.63% | 69.42% | 69.18% | 69.26% | 69.08% | 69.03% | 68.97% | 68.80% | 68.41% | 67.73% | 67.90% |
January 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,212,709K ÷ $3,168,164K
= 69.84%
Pure Storage Inc has shown a generally increasing trend in its gross profit margin over the past few years, starting at 67.90% in February 2022 and peaking at 72.41% in February 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue during this period.
However, there was a slight decline in the gross profit margin in the following periods, with a decrease to 69.84% in January 2025. This decline could be due to various factors such as changes in pricing strategies, fluctuations in input costs, or shifts in product mix.
Overall, Pure Storage Inc has maintained a strong gross profit margin, which is an important indicator of the company's operational efficiency and profitability. Investors and stakeholders may view a higher gross profit margin positively as it suggests that the company is effectively controlling its production costs and generating healthy returns on its sales.
Peer comparison
Jan 31, 2025