Pure Storage Inc (PSTG)
Gross profit margin
| Feb 4, 2024 | Nov 5, 2023 | Aug 6, 2023 | Feb 5, 2023 | Nov 6, 2022 | Aug 7, 2022 | May 8, 2022 | Feb 6, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,169,161 | 2,066,992 | 1,957,813 | 1,897,646 | 1,812,163 | 1,720,620 | 1,617,079 | 1,472,519 | 1,337,542 | 1,239,266 | 1,173,965 | 1,148,924 | 1,156,277 | 1,180,399 | 1,173,992 | 1,133,554 | 1,066,040 | 1,014,522 | 952,368 | 902,296 |
| Revenue (ttm) | US$ in thousands | 3,045,861 | 2,925,792 | 2,812,791 | 2,740,340 | 2,620,290 | 2,503,928 | 2,347,376 | 2,138,936 | 1,939,256 | 1,789,279 | 1,701,785 | 1,655,283 | 1,642,376 | 1,661,874 | 1,651,679 | 1,612,149 | 1,523,755 | 1,475,105 | 1,395,086 | 1,332,979 |
| Gross profit margin | 71.22% | 70.65% | 69.60% | 69.25% | 69.16% | 68.72% | 68.89% | 68.84% | 68.97% | 69.26% | 68.98% | 69.41% | 70.40% | 71.03% | 71.08% | 70.31% | 69.96% | 68.78% | 68.27% | 67.69% |
February 4, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,169,161K ÷ $3,045,861K
= 71.22%
Pure Storage Inc's gross profit margin has shown a generally stable and robust performance over the past few years, ranging from 67.69% to 71.22%. The company has been able to maintain a healthy level of gross profit margin, indicating efficient cost management and pricing strategies.
The consistent gross profit margin above 60% reflects Pure Storage's ability to effectively generate revenue from its core operations after accounting for the cost of goods sold. This suggests that the company has been able to control production costs and maintain a competitive pricing strategy in the market.
The slight fluctuations in the gross profit margin over the periods indicate potential shifts in input costs, pricing strategies, or changes in sales volumes. However, the overall trend demonstrates a strong ability to generate profits from its core business activities.
Investors and stakeholders may view Pure Storage's stable and high gross profit margin positively as it indicates a healthy and efficient business model that can sustain profitability in the long term.
Peer comparison
Feb 4, 2024