(PSTG) Pure Storage - Overview
Stock: FlashArray, FlashBlade, Portworx, Fusion, Evergreen
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 54.0% |
| Relative Tail Risk | -11.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.14 |
| Alpha | -28.04 |
| Character TTM | |
|---|---|
| Beta | 1.830 |
| Beta Downside | 1.895 |
| Drawdowns 3y | |
|---|---|
| Max DD | 48.63% |
| CAGR/Max DD | 0.57 |
Description: PSTG Pure Storage December 17, 2025
Pure Storage, Inc. (NYSE:PSTG) delivers enterprise-class data storage and management solutions through a software-defined architecture called Purity, which underpins both its on-premise FlashArray and FlashBlade hardware families and its cloud-native offerings.
The product suite spans block-oriented FlashArray systems (X, C, XL, E, and File Services) for databases, VMs, and traditional workloads, as well as FlashBlade appliances (S, E, EXA) optimized for unstructured data, real-time analytics, and high-performance computing. Cloud-centric capabilities include Portworx for Kubernetes data services, Pure Fusion’s SaaS management plane, and Cloud Block Store for hybrid-cloud block storage, all sold via a direct sales force and channel partners.
Key recent metrics suggest the company is gaining traction in the subscription-based model: FY 2024 total revenue reached **$3.6 billion**, with **ARR (annual recurring revenue) growing ~28 % YoY** and subscription revenue now representing roughly **45 % of total revenue**. Gross margins have improved to **≈ 71 %**, reflecting the higher-margin SaaS mix, while cash flow from operations remains positive, supporting continued R&D and go-to-market investment. Macro-level drivers include the broader shift to hybrid-cloud architectures, rising demand for data-intensive AI/ML workloads, and the industry-wide move toward subscription pricing to smooth spend for enterprise IT budgets.
For a deeper, data-driven assessment of Pure Storage’s valuation and risk profile, you may find the analyst tools on ValueRay useful for further research.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 130.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -10.02 > 1.0 |
| NWC/Revenue: 26.92% < 20% (prev 36.22%; Δ -9.30% < -1%) |
| CFO/TA 0.08 > 3% & CFO 326.6m > Net Income 130.4m |
| Net Debt (-627.3m) to EBITDA (311.4m): -2.01 < 3 |
| Current Ratio: 1.58 > 1.5 & < 3 |
| Outstanding Shares: last quarter (340.6m) vs 12m ago 0.0% < -2% |
| Gross Margin: 69.81% > 18% (prev 0.71%; Δ 6909 % > 0.5%) |
| Asset Turnover: 86.31% > 50% (prev 79.86%; Δ 6.45% > 0%) |
| Interest Coverage Ratio: 19.03 > 6 (EBITDA TTM 311.4m / Interest Expense TTM 9.19m) |
Altman Z'' 1.28
| A: 0.22 (Total Current Assets 2.54b - Total Current Liabilities 1.61b) / Total Assets 4.22b |
| B: -0.30 (Retained Earnings -1.28b / Total Assets 4.22b) |
| C: 0.04 (EBIT TTM 174.8m / Avg Total Assets 4.04b) |
| D: 0.50 (Book Value of Equity 1.40b / Total Liabilities 2.82b) |
| Altman-Z'' Score: 1.28 = BB |
Beneish M -2.90
| DSRI: 0.95 (Receivables 621.0m/578.2m, Revenue 3.48b/3.08b) |
| GMI: 1.02 (GM 69.81% / 71.06%) |
| AQI: 1.18 (AQ_t 0.22 / AQ_t-1 0.18) |
| SGI: 1.13 (Revenue 3.48b / 3.08b) |
| TATA: -0.05 (NI 130.4m - CFO 326.6m) / TA 4.22b) |
| Beneish M-Score: -2.90 (Cap -4..+1) = A |
What is the price of PSTG shares?
Over the past week, the price has changed by -11.47%, over one month by -7.72%, over three months by -33.74% and over the past year by -8.12%.
Is PSTG a buy, sell or hold?
- StrongBuy: 10
- Buy: 5
- Hold: 5
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the PSTG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 95.2 | 48% |
| Analysts Target Price | 95.2 | 48% |
| ValueRay Target Price | 70 | 8.8% |
PSTG Fundamental Data Overview February 02, 2026
P/E Forward = 34.6021
P/S = 6.5906
P/B = 17.0889
P/EG = 1.7272
Revenue TTM = 3.48b USD
EBIT TTM = 174.8m USD
EBITDA TTM = 311.4m USD
Long Term Debt = 226.1m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 43.6m USD (from shortTermDebt, last quarter)
Debt = 225.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -627.3m USD (from netDebt column, last quarter)
Enterprise Value = 21.65b USD (22.96b + Debt 225.5m - CCE 1.53b)
Interest Coverage Ratio = 19.03 (Ebit TTM 174.8m / Interest Expense TTM 9.19m)
EV/FCF = 104.6x (Enterprise Value 21.65b / FCF TTM 207.1m)
FCF Yield = 0.96% (FCF TTM 207.1m / Enterprise Value 21.65b)
FCF Margin = 5.94% (FCF TTM 207.1m / Revenue TTM 3.48b)
Net Margin = 3.74% (Net Income TTM 130.4m / Revenue TTM 3.48b)
Gross Margin = 69.81% ((Revenue TTM 3.48b - Cost of Revenue TTM 1.05b) / Revenue TTM)
Gross Margin QoQ = 72.31% (prev 70.19%)
Tobins Q-Ratio = 5.13 (Enterprise Value 21.65b / Total Assets 4.22b)
Interest Expense / Debt = 0.12% (Interest Expense 266.0k / Debt 225.5m)
Taxrate = 16.59% (10.9m / 65.7m)
NOPAT = 145.8m (EBIT 174.8m * (1 - 16.59%))
Current Ratio = 1.58 (Total Current Assets 2.54b / Total Current Liabilities 1.61b)
Debt / Equity = 0.16 (Debt 225.5m / totalStockholderEquity, last quarter 1.40b)
Debt / EBITDA = -2.01 (Net Debt -627.3m / EBITDA 311.4m)
Debt / FCF = -3.03 (Net Debt -627.3m / FCF TTM 207.1m)
Total Stockholder Equity = 1.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.23% (Net Income 130.4m / Total Assets 4.22b)
RoE = 9.89% (Net Income TTM 130.4m / Total Stockholder Equity 1.32b)
RoCE = 11.32% (EBIT 174.8m / Capital Employed (Equity 1.32b + L.T.Debt 226.1m))
RoIC = 10.66% (NOPAT 145.8m / Invested Capital 1.37b)
WACC = 12.54% (E(22.96b)/V(23.19b) * Re(12.66%) + D(225.5m)/V(23.19b) * Rd(0.12%) * (1-Tc(0.17)))
Discount Rate = 12.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 1.55%
[DCF Debug] Terminal Value 63.78% ; FCFF base≈354.4m ; Y1≈362.3m ; Y5≈400.9m
Fair Price DCF = 13.16 (EV 3.72b - Net Debt -627.3m = Equity 4.35b / Shares 330.2m; r=12.54% [WACC]; 5y FCF grow 2.10% → 2.90% )
EPS Correlation: 16.26 | EPS CAGR: 13.56% | SUE: 0.0 | # QB: 0
Revenue Correlation: 76.88 | Revenue CAGR: 8.57% | SUE: 1.67 | # QB: 6
EPS next Quarter (2026-04-30): EPS=0.39 | Chg30d=+0.000 | Revisions Net=-9 | Analysts=18
EPS next Year (2027-01-31): EPS=2.28 | Chg30d=-0.006 | Revisions Net=-1 | Growth EPS=+17.3% | Growth Revenue=+17.4%