Pure Storage Inc (PSTG)
Pretax margin
| Feb 4, 2024 | Feb 5, 2023 | Feb 6, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 90,586 | 91,808 | -128,496 | -270,160 | -194,666 |
| Revenue | US$ in thousands | 2,817,430 | 2,740,340 | 2,138,940 | 1,655,280 | 1,612,150 |
| Pretax margin | 3.22% | 3.35% | -6.01% | -16.32% | -12.07% |
February 4, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $90,586K ÷ $2,817,430K
= 3.22%
Pure Storage Inc's pretax margin has fluctuated over the past five years. In the most recent fiscal year, the company's pretax margin stood at 3.22%, slightly lower than the previous year's margin of 3.35%. However, it is worth noting that in the fiscal year ending February 6, 2022, Pure Storage Inc experienced a negative pretax margin of -6.01%. This may indicate challenges or inefficiencies in the company's operations during that period. Looking further back, the company's pretax margins were -16.32% in 2021 and -12.07% in 2020, suggesting significant losses in those years. Overall, Pure Storage Inc's pretax margin performance has been mixed, with recent improvements but past periods of significant challenges.
Peer comparison
Feb 4, 2024