Pure Storage Inc (PSTG)
Net profit margin
| Feb 4, 2024 | Feb 5, 2023 | Feb 6, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 61,311 | 73,071 | -143,259 | -282,076 | -200,987 |
| Revenue | US$ in thousands | 2,817,430 | 2,740,340 | 2,138,940 | 1,655,280 | 1,612,150 |
| Net profit margin | 2.18% | 2.67% | -6.70% | -17.04% | -12.47% |
February 4, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $61,311K ÷ $2,817,430K
= 2.18%
The net profit margin of Pure Storage Inc has fluctuated over the past five years, indicating variability in the company's profitability. In the most recent fiscal year ending February 4, 2024, the net profit margin stood at 2.18%, showing a slight decrease compared to the previous year's figure of 2.67%.
It is noteworthy that in the fiscal years ending February 6, 2022, and January 31, 2021, the company reported negative net profit margins of -6.70% and -17.04%, respectively. This suggests that the company incurred losses during those periods, which may have been influenced by factors such as higher operating expenses or declining revenues.
Considering the historical trend, it is evident that Pure Storage Inc has faced challenges in maintaining consistent profitability, as indicated by negative net profit margins in some years. Going forward, it will be crucial for the company to focus on improving its operational efficiency and revenue generation to sustain and enhance its profitability levels.
Peer comparison
Feb 4, 2024