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All-flash enterprise data-storage company, formerly Pure Storage, selling storage arrays and a storage-as-a-service subscription.
All-flash enterprise data-storage company, formerly Pure Storage, selling storage arrays and a storage-as-a-service subscription.
Sells flash storage systems and increasingly subscriptions for them, so customers pay for capacity monthly and receive hardware upgrades without replacing the whole system; subscription revenue is recognised over time and keeps customers renewing. It sells through channel partners and directly. Founded in 2009, it went public in 2015.
Moat: narrow (switching costs, IP / patents, installed base). Evergreen subscription locks in upgrade cycles; strong flash performance for AI workloads.
Headquarters: Santa Clara, California, US · Founded: 2009 · Employees: 6,400
Size Everpure (P) is a United States Information Technology company (Computer Peripherals) with a market value of $32.2B, the 340th largest of 3,117 United States companies the cockpit tracks. Shares closed at $96.75 on 6 Nov 2026.
Performance Over six months the shares gained 23.8%, against -2.5% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 13 in its peer set.
Growth Revenue grew 27.2% over the last twelve months (peer median +24.2%); the operating margin is 5.3% (peer median 28.2%).
Valuation It trades at 29.6× forward earnings against a peer median of 13.0× (3rd most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 59% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +42 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 11.5 points above its cost of capital (12.0% WACC).
Backlog Backlog (remaining performance obligations) was $4.10B at 2 Aug 2026, up 46% on a year earlier — 1.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 2.7% of the free float (15 Oct 2026).
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.26B | $3.66B | $3.17B | $2.83B | $2.75B |
| Revenue growth | — | +16% | +12% | +3% | — |
| Gross profit | $2.97B | $2.58B | $2.21B | $2.02B | $1.90B |
| EBITDA | $385M | $265M | $232M | $212M | $184M |
| Net income | $253M | $188M | $107M | $61.3M | $73.1M |
| Free cash flow | $128M | $614M | $527M | $483M | $609M |
| Capital expenditure | $300M | $264M | $227M | $195M | $158M |
| Total debt | $225M | $219M | $281M | $272M | $761M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Everpure P | $32.2B | +24% | +27% | 5% | 29.6× | 58.7% |
| NetApp NTAP | $33.2B | +43% | +12% | 26% | 17.0× | 15.2% |
| Dell Technologies DELL | $209B | +26% | +49% | 10% | 11.6× | 10.1% |
| Hewlett Packard Enterprise HPE | $59.4B | +43% | +27% | 8% | 9.6× | 16.2% |
| IBM IBM | $232B | +6% | +7% | 21% | 18.8× | 7.6% |
| NTNX NTNX | $15.9B | +27% | +12% | 11% | 25.0× | 23.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | P | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -35.7% | -27.1% | 3rd lowest of 13 |
| 6-month return | +23.8% | -2.5% | 2nd highest of 13 |
| Distance from 52-week high | -38.6% | -42.2% | 6th highest of 13 |
| Revenue growth (TTM) | +27.2% | +24.2% | 5th highest of 13 |
| Operating margin | 5.3% | 28.2% | 3rd lowest of 13 |
| Forward P/E | 29.6× | 13.0× | 3rd most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 58.7% | 18.0% | most demanding of 9 |
| Growth delivered (Del g) | +16.8% | +5.9% | 3rd highest of 9 |
| Hurdle (Req g minus delivered) | +41.8 pp | +9.8 pp | most demanding of 9 |
| ROIC minus cost of capital | +11.5 pp | +21.0 pp | 6th lowest of 12 |
| EV / EBITDA | 81.7× | 14.5× | 2nd most expensive of 9 |
| Net debt / EBITDA | -2.0× | -0.4× | least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Everpure P | United States | $32.2B | +24% | +27% | 5% | 29.6× | 58.7% | +16.8% |
| NetApp NTAP | United States | $33.2B | +43% | +12% | 26% | 17.0× | 15.2% | +3.8% |
| Canon 7751.T | Japan | $28.4B | +18% | +4% | 10% | 12.2× | -0.6% | +7.9% |
| Jentech Precision Industrial 3653.TW | Taiwan | $23.1B | +9% | +28% | 33% | 48.3× | 32.5% | +24.3% |
| Lite-on Technology 2301.TW | Taiwan | $13.2B | +16% | +24% | 13% | 13.8× | n/a | n/a |
| Logitech International LOGN.SW | Switzerland | $13.2B | -1% | -1% | 18% | 16.8× | -5.7% | -4.3% |
| Hon Hai Precision Industry 2317.TW | Taiwan | $95.6B | -3% | +25% | 4% | 10.5× | n/a | n/a |
| Western Digital WDC | United States | $98.7B | -45% | +21% | 41% | 9.2× | 20.7% | -5.3% |
| Unisplendour 000938.SZ | China | $10.4B | -24% | +25% | 3% | 21.8× | n/a | n/a |
| Seagate Technology STX | United States | $106B | -41% | +44% | 40% | 9.8× | 22.1% | +2.7% |
| Biwin Storage Technology 688525.SS | China | $8.99B | -52% | +221% | 41% | 5.0× | n/a | n/a |
| Hubei Dinglong 300054.SZ | China | $8.79B | -2% | +7% | 30% | 51.4× | 32.2% | +15.0% |
| Sandisk SNDK | United States | $119B | -47% | +272% | 73% | 3.4× | 3.5% | +49.3% |
Everpure reported $4.10B of remaining performance obligations at 2 Aug 2026, up 46% from a year earlier and up 8% from the previous quarter. That is 1.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.25.