Pure Storage Inc (PSTG)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 231,940 | 167,461 | 103,014 | 91,808 | 30,278 | -2,072 | -58,360 | -128,496 | -197,501 | -241,571 | -262,747 | -270,160 | -222,532 | -180,682 | -183,723 | -194,666 | -218,104 | -219,959 | -213,640 | -177,273 |
| 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 |
| Pretax margin | 7.61% | 5.72% | 3.66% | 3.35% | 1.16% | -0.08% | -2.49% | -6.01% | -10.18% | -13.50% | -15.44% | -16.32% | -13.55% | -10.87% | -11.12% | -12.07% | -14.31% | -14.91% | -15.31% | -13.30% |
February 4, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $231,940K ÷ $3,045,861K
= 7.61%
The pretax margin of Pure Storage Inc has exhibited fluctuations over the past few years. It has shown an improving trend from negative margins in early 2020 to positive margins in 2023 and 2024. The company achieved a pretax margin of 7.61% as of February 4, 2024, indicating an increase in profitability compared to previous periods.
The pretax margin reflects the company's ability to generate profits before considering tax expenses relative to its total revenue. Pure Storage Inc's increasing pretax margins suggest an enhancement in operational efficiency and cost management strategies. Investors and stakeholders may view this trend positively as it indicates a strengthening financial performance and potential for sustainable profitability in the future. However, ongoing monitoring of the company's operational efficiency and profitability is advisable to ensure continued financial health and performance.
Peer comparison
Feb 4, 2024