PEverpure, Inc.
Computer Storage Devices
- Revenue
- $3.7B
- 16% YoY
- Operating margin
- 3.1%
- 16% YoY
- EBITDA
- $252M
- 26% YoY
- Market cap
- $30.6B
- Employees
- 6,400
- $572K revenue each
- Net debt / EBITDA
- -1.5×
- −$386M net debt
- AI in 10-K
- 9.1
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 2 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$14M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo468% of net incomeCash flow under 80% of net income
- Dilutive SBCYes13% of revenueOver 10% of revenue
- Payouts exceed cash flowNo39% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo9% of assetsOver 40% of assets
- Shareholder dissentYes55% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$572K · 73rd pctBottom quartile of its SIC industry
- Quiet on AINo9.1 per 10K words · 91st pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 1.5× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedNo$30.6B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$355M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.8B | $2.8B | $3.2B | $3.7B | 16% |
| Operating income | −$98M | $84M | $54M | $85M | $115M | 35% |
| Net income | −$143M | $73M | $61M | $107M | $188M | 76% |
| Operating cash flow | $410M | $767M | $678M | $754M | $880M | 17% |
| Capex | $102M | $158M | $195M | $227M | $264M | 17% |
| Stock-based comp | $287M | $328M | $331M | $421M | $482M | 14% |
| Buybacks | $200M | $219M | $136M | $374M | $343M | 8.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $355M · 206
- Net
- −$355M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $18M | $40M | 304 | 191 |
| FY2025 | $14M | $46M | 293 | 158 |
| FY2024 | $37M | $40M | 183 | 133 |
| FY2023 | $11M | $15M | 129 | 106 |
| FY2022 | $10M | $15M | 114 | 112 |