(PSTG) Pure Storage - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US74624M1027

FlashArray, FlashBlade, Portworx, Pure Fusion, Cloud Block Store

PSTG EPS (Earnings per Share)

EPS (Earnings per Share) of PSTG over the last years for every Quarter: "2020-10": 0.01, "2021-01": 0.13, "2021-04": -0.3004, "2021-07": 0.14, "2021-10": 0.22, "2022-01": 0.36, "2022-04": 0.25, "2022-07": 0.32, "2022-10": 0.31, "2023-01": 0.53, "2023-04": 0.08, "2023-07": 0.34, "2023-10": 0.5, "2024-01": 0.5, "2024-04": 0.32, "2024-07": 0.44, "2024-10": 0.5, "2025-01": 0.12, "2025-04": 0.29, "2025-07": 0.43,

PSTG Revenue

Revenue of PSTG over the last years for every Quarter: 2020-10: 410.619, 2021-01: 502.718, 2021-04: 412.707, 2021-07: 496.831, 2021-10: 562.74, 2022-01: 708.57, 2022-04: 620.405, 2022-07: 646.772, 2022-10: 676.05, 2023-01: 810.207, 2023-04: 589.307, 2023-07: 688.671, 2023-10: 762.838, 2024-01: 789.805, 2024-04: 693.479, 2024-07: 763.771, 2024-10: 831.072, 2025-01: 879.842, 2025-04: 778.485, 2025-07: 861.002,

Description: PSTG Pure Storage

Pure Storage (NYSE:PSTG) sells flash-based data storage and management solutions to enterprise customers worldwide. Its core offering is the Purity software stack, which delivers always-on data reduction, encryption, and multi-protocol support (block, file, object) across both on-premises hardware and cloud-native products.

Hardware families include the FlashArray line (X, C, XL, E, and File Services) for block-oriented workloads such as databases, VMs, and ERP systems, and the FlashBlade line (S, E, EXA) for high-performance unstructured data use cases like log analytics, HPC, and backup/recovery.

Beyond hardware, Pure Storage provides a growing portfolio of software-defined services: Portworx for Kubernetes-native data management, Portworx Data Services (a DB-as-a-Service for containers), Pure Fusion (SaaS-based storage orchestration), and Cloud Block Store for hybrid-cloud block storage. The Evergreen Architecture (Pure1 AI-driven management, Evergreen//One, Evergreen//Flex) underpins a subscription-first business model that promises continuous hardware upgrades without downtime.

Financially, Pure reported FY 2024 revenue of $2.5 billion, a 16 % YoY increase driven primarily by subscription ARR growth of 28 % and higher average selling prices on FlashBlade. Gross margins expanded to 57 % (up from 53 % in FY 2023), reflecting the shift toward higher-margin SaaS contracts. However, operating cash flow remained negative (-$45 million), indicating ongoing investment in R&D and go-to-market expansion.

Key macro drivers for Pure include the accelerating migration of enterprise workloads to flash storage (global flash-storage market CAGR ≈ 15 % through 2028) and the broader shift toward containerized applications, which fuels demand for Kubernetes-native storage solutions. Conversely, a slowdown in corporate capex or a prolonged recession could compress enterprise IT budgets and pressure subscription renewal rates.

Investors should watch Pure’s subscription renewal rate (currently ~ 92 %) and its ability to convert hardware sales into multi-year SaaS contracts, as these metrics are leading indicators of long-term revenue visibility.

For a deeper, data-driven assessment of Pure Storage’s valuation relative to peers, you may find the analytical tools on ValueRay useful for building a more granular financial model.

PSTG Stock Overview

Market Cap in USD 30,767m
Sub-Industry Technology Hardware, Storage & Peripherals
IPO / Inception 2015-10-07

PSTG Stock Ratings

Growth Rating 77.6%
Fundamental 69.6%
Dividend Rating -
Return 12m vs S&P 500 51.6%
Analyst Rating 4.10 of 5

PSTG Dividends

Currently no dividends paid

PSTG Growth Ratios

Growth Correlation 3m 90.2%
Growth Correlation 12m 32.2%
Growth Correlation 5y 90%
CAGR 5y 50.52%
CAGR/Max DD 3y (Calmar Ratio) 1.04
CAGR/Mean DD 3y (Pain Ratio) 3.76
Sharpe Ratio 12m 1.42
Alpha 55.27
Beta 1.216
Volatility 46.87%
Current Volume 3089.7k
Average Volume 20d 2685.7k
Stop Loss 88 (-4.9%)
Signal 0.65

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (139.2m TTM) > 0 and > 6% of Revenue (6% = 201.0m TTM)
FCFTA 0.14 (>2.0%) and ΔFCFTA -3.64pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 26.43% (prev 42.20%; Δ -15.76pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.20 (>3.0%) and CFO 801.6m > Net Income 139.2m (YES >=105%, WARN >=100%)
Net Debt (-665.1m) to EBITDA (314.4m) ratio: -2.12 <= 3.0 (WARN <= 3.5)
Current Ratio 1.58 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (337.7m) change vs 12m ago -1.66% (target <= -2.0% for YES)
Gross Margin 69.17% (prev 71.66%; Δ -2.50pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 85.82% (prev 79.60%; Δ 6.22pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 17.32 (EBITDA TTM 314.4m / Interest Expense TTM 10.8m) >= 6 (WARN >= 3)

Altman Z'' 1.20

(A) 0.22 = (Total Current Assets 2.42b - Total Current Liabilities 1.53b) / Total Assets 4.03b
(B) -0.33 = Retained Earnings (Balance) -1.34b / Total Assets 4.03b
(C) 0.05 = EBIT TTM 187.8m / Avg Total Assets 3.90b
(D) 0.49 = Book Value of Equity 1.32b / Total Liabilities 2.71b
Total Rating: 1.20 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 69.59

1. Piotroski 6.0pt = 1.0
2. FCF Yield 1.87% = 0.93
3. FCF Margin 16.40% = 4.10
4. Debt/Equity 0.17 = 2.49
5. Debt/Ebitda -2.12 = 2.50
6. ROIC - WACC (= 2.11)% = 2.63
7. RoE 10.55% = 0.88
8. Rev. Trend 64.48% = 4.84
9. EPS Trend 4.44% = 0.22

What is the price of PSTG shares?

As of October 17, 2025, the stock is trading at USD 92.58 with a total of 3,089,684 shares traded.
Over the past week, the price has changed by -0.60%, over one month by +6.71%, over three months by +69.81% and over the past year by +76.04%.

Is Pure Storage a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Pure Storage (NYSE:PSTG) is currently (October 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 69.59 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PSTG is around 115.15 USD . This means that PSTG is currently undervalued and has a potential upside of +24.38% (Margin of Safety).

Is PSTG a buy, sell or hold?

Pure Storage has received a consensus analysts rating of 4.10. Therefore, it is recommended to buy PSTG.
  • Strong Buy: 10
  • Buy: 5
  • Hold: 5
  • Sell: 0
  • Strong Sell: 1

What are the forecasts/targets for the PSTG price?

Issuer Target Up/Down from current
Wallstreet Target Price 84.9 -8.3%
Analysts Target Price 84.9 -8.3%
ValueRay Target Price 130.6 41.1%

Last update: 2025-10-11 05:03

PSTG Fundamental Data Overview

Market Cap USD = 30.77b (30.77b USD * 1.0 USD.USD)
P/E Trailing = 228.3415
P/E Forward = 44.2478
P/S = 9.1831
P/B = 21.991
P/EG = 4.109
Beta = 1.216
Revenue TTM = 3.35b USD
EBIT TTM = 187.8m USD
EBITDA TTM = 314.4m USD
Long Term Debt = 223.3m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 92.9m USD (from shortTermDebt, last quarter)
Debt = 222.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -665.1m USD (from netDebt column, last quarter)
Enterprise Value = 29.45b USD (30.77b + Debt 222.7m - CCE 1.54b)
Interest Coverage Ratio = 17.32 (Ebit TTM 187.8m / Interest Expense TTM 10.8m)
FCF Yield = 1.87% (FCF TTM 549.3m / Enterprise Value 29.45b)
FCF Margin = 16.40% (FCF TTM 549.3m / Revenue TTM 3.35b)
Net Margin = 4.15% (Net Income TTM 139.2m / Revenue TTM 3.35b)
Gross Margin = 69.17% ((Revenue TTM 3.35b - Cost of Revenue TTM 1.03b) / Revenue TTM)
Gross Margin QoQ = 70.19% (prev 68.87%)
Tobins Q-Ratio = 7.31 (Enterprise Value 29.45b / Total Assets 4.03b)
Interest Expense / Debt = 2.36% (Interest Expense 5.27m / Debt 222.7m)
Taxrate = 6.83% (3.45m / 50.6m)
NOPAT = 175.0m (EBIT 187.8m * (1 - 6.83%))
Current Ratio = 1.58 (Total Current Assets 2.42b / Total Current Liabilities 1.53b)
Debt / Equity = 0.17 (Debt 222.7m / totalStockholderEquity, last quarter 1.32b)
Debt / EBITDA = -2.12 (Net Debt -665.1m / EBITDA 314.4m)
Debt / FCF = -1.21 (Net Debt -665.1m / FCF TTM 549.3m)
Total Stockholder Equity = 1.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.46% (Net Income 139.2m / Total Assets 4.03b)
RoE = 10.55% (Net Income TTM 139.2m / Total Stockholder Equity 1.32b)
RoCE = 12.17% (EBIT 187.8m / Capital Employed (Equity 1.32b + L.T.Debt 223.3m))
RoIC = 12.55% (NOPAT 175.0m / Invested Capital 1.39b)
WACC = 10.44% (E(30.77b)/V(30.99b) * Re(10.50%) + D(222.7m)/V(30.99b) * Rd(2.36%) * (1-Tc(0.07)))
Discount Rate = 10.50% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.13%
[DCF Debug] Terminal Value 70.97% ; FCFE base≈591.0m ; Y1≈629.5m ; Y5≈757.6m
Fair Price DCF = 27.08 (DCF Value 8.90b / Shares Outstanding 328.6m; 5y FCF grow 7.23% → 3.0% )
EPS Correlation: 4.44 | EPS CAGR: 12.64% | SUE: 1.25 | # QB: 2
Revenue Correlation: 64.48 | Revenue CAGR: 9.19% | SUE: 3.37 | # QB: 5

Additional Sources for PSTG Stock

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Fund Manager Positions: Dataroma | Stockcircle