Pure Storage Inc (PSTG)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 189,949 | 141,700 | 81,852 | 83,513 | 48,696 | 21,485 | -26,808 | -98,398 | -174,984 | -222,120 | -252,309 | -261,033 | -214,908 | -177,954 | -178,740 | -191,283 | -215,549 | -214,506 | -204,807 | -169,257 |
| 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 |
| Operating profit margin | 6.24% | 4.84% | 2.91% | 3.05% | 1.86% | 0.86% | -1.14% | -4.60% | -9.02% | -12.41% | -14.83% | -15.77% | -13.09% | -10.71% | -10.82% | -11.87% | -14.15% | -14.54% | -14.68% | -12.70% |
February 4, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $189,949K ÷ $3,045,861K
= 6.24%
The operating profit margin of Pure Storage Inc has shown a fluctuating trend over the past several quarters. The company's operating profit margin ranged from -14.83% in May 2021 to a peak of 6.24% in February 2024. The trend indicates some volatility and inconsistency in the company's ability to generate profits from its core operations.
The operating profit margin reached its lowest point of -14.83% in May 2021, reflecting a period of significant operating losses. Subsequently, there was a gradual improvement in the operating profit margin, with a notable increase to 6.24% in February 2024. This improvement suggests potential enhancements in operational efficiency, cost management, or revenue generation.
It is important to note the negative operating profit margins observed in several quarters, such as in August 2022, November 2022, and January 2023. These negative margins indicate that the company's operating expenses exceeded its gross profit during those periods, leading to operating losses.
Overall, Pure Storage Inc's operating profit margin demonstrates variability over time, indicating fluctuations in the company's profitability from its core business activities. Investors and stakeholders should closely monitor future financial reports to assess the company's ability to sustain and improve its operating profitability.
Peer comparison
Feb 4, 2024