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Side-by-side financial comparison of CrossAmerica Partners LP (CAPL) and Pure Storage, Inc. (PSTG). Click either name above to swap in a different company.

Pure Storage, Inc. is the larger business by last-quarter revenue ($964.5M vs $866.3M, roughly 1.1× CrossAmerica Partners LP). Pure Storage, Inc. runs the higher net margin — 5.7% vs 1.2%, a 4.5% gap on every dollar of revenue. On growth, Pure Storage, Inc. posted the faster year-over-year revenue change (16.0% vs -8.3%). Pure Storage, Inc. produced more free cash flow last quarter ($52.6M vs $22.4M). Over the past eight quarters, Pure Storage, Inc.'s revenue compounded faster (10.5% CAGR vs -4.1%).

TowerBrook Capital Partners, L.P. is an investment management firm headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005 and became known for acquiring majority stakes in companies such as Jimmy Choo. Managing $25+ billion in a number of private equity funds and structured opportunities funds, TowerBrook listed 110 investments on its website as of 2025.

Pure Storage, Inc. is an American publicly traded technology company headquartered in Santa Clara, California, United States. It develops all-flash data storage hardware and software products. Pure Storage was founded in 2009 and developed its products in stealth mode until 2011. Afterwards, the company grew in revenues by about 50% per quarter and raised more than $470 million in venture capital funding, before going public in 2015. Initially, Pure Storage developed the software for storage ...

CAPL vs PSTG — Head-to-Head

Bigger by revenue
PSTG
PSTG
1.1× larger
PSTG
$964.5M
$866.3M
CAPL
Growing faster (revenue YoY)
PSTG
PSTG
+24.3% gap
PSTG
16.0%
-8.3%
CAPL
Higher net margin
PSTG
PSTG
4.5% more per $
PSTG
5.7%
1.2%
CAPL
More free cash flow
PSTG
PSTG
$30.2M more FCF
PSTG
$52.6M
$22.4M
CAPL
Faster 2-yr revenue CAGR
PSTG
PSTG
Annualised
PSTG
10.5%
-4.1%
CAPL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CAPL
CAPL
PSTG
PSTG
Revenue
$866.3M
$964.5M
Net Profit
$10.2M
$54.8M
Gross Margin
12.4%
72.3%
Operating Margin
3.0%
5.6%
Net Margin
1.2%
5.7%
Revenue YoY
-8.3%
16.0%
Net Profit YoY
-39.6%
-13.9%
EPS (diluted)
$0.24
$0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAPL
CAPL
PSTG
PSTG
Q4 25
$866.3M
$964.5M
Q3 25
$971.8M
$861.0M
Q2 25
$961.9M
$778.5M
Q1 25
$862.5M
$879.8M
Q4 24
$944.2M
$831.1M
Q3 24
$1.1B
$763.8M
Q2 24
$1.1B
$693.5M
Q1 24
$941.5M
$789.8M
Net Profit
CAPL
CAPL
PSTG
PSTG
Q4 25
$10.2M
$54.8M
Q3 25
$13.6M
$47.1M
Q2 25
$25.2M
$-14.0M
Q1 25
$-7.1M
$42.4M
Q4 24
$16.9M
$63.6M
Q3 24
$10.7M
$35.7M
Q2 24
$12.4M
$-35.0M
Q1 24
$-17.5M
$65.4M
Gross Margin
CAPL
CAPL
PSTG
PSTG
Q4 25
12.4%
72.3%
Q3 25
10.8%
70.2%
Q2 25
10.5%
68.9%
Q1 25
10.4%
67.5%
Q4 24
10.7%
70.1%
Q3 24
10.3%
70.7%
Q2 24
9.2%
71.5%
Q1 24
8.6%
72.0%
Operating Margin
CAPL
CAPL
PSTG
PSTG
Q4 25
3.0%
5.6%
Q3 25
2.9%
0.6%
Q2 25
4.3%
-4.0%
Q1 25
0.2%
4.8%
Q4 24
3.0%
7.2%
Q3 24
2.5%
3.3%
Q2 24
2.5%
-6.0%
Q1 24
-1.4%
7.3%
Net Margin
CAPL
CAPL
PSTG
PSTG
Q4 25
1.2%
5.7%
Q3 25
1.4%
5.5%
Q2 25
2.6%
-1.8%
Q1 25
-0.8%
4.8%
Q4 24
1.8%
7.7%
Q3 24
1.0%
4.7%
Q2 24
1.1%
-5.0%
Q1 24
-1.9%
8.3%
EPS (diluted)
CAPL
CAPL
PSTG
PSTG
Q4 25
$0.24
$0.16
Q3 25
$0.34
$0.14
Q2 25
$0.64
$-0.04
Q1 25
$-0.20
$0.13
Q4 24
$0.42
$0.19
Q3 24
$0.27
$0.10
Q2 24
$0.31
$-0.11
Q1 24
$-0.48
$0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAPL
CAPL
PSTG
PSTG
Cash + ST InvestmentsLiquidity on hand
$3.1M
$852.8M
Total DebtLower is stronger
$687.2M
Stockholders' EquityBook value
$1.4B
Total Assets
$964.7M
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAPL
CAPL
PSTG
PSTG
Q4 25
$3.1M
$852.8M
Q3 25
$5.8M
$887.8M
Q2 25
$9.7M
$739.3M
Q1 25
$6.7M
$723.6M
Q4 24
$3.4M
$894.6M
Q3 24
$7.8M
$965.0M
Q2 24
$5.5M
$900.6M
Q1 24
$6.3M
$702.5M
Total Debt
CAPL
CAPL
PSTG
PSTG
Q4 25
$687.2M
Q3 25
$700.8M
Q2 25
$722.7M
Q1 25
$774.1M
Q4 24
$763.9M
Q3 24
$769.2M
Q2 24
$786.7M
Q1 24
$795.8M
Stockholders' Equity
CAPL
CAPL
PSTG
PSTG
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.3B
Total Assets
CAPL
CAPL
PSTG
PSTG
Q4 25
$964.7M
$4.2B
Q3 25
$998.9M
$4.0B
Q2 25
$1.0B
$3.8B
Q1 25
$1.1B
$4.0B
Q4 24
$1.1B
$3.9B
Q3 24
$1.1B
$3.8B
Q2 24
$1.2B
$3.6B
Q1 24
$1.2B
$3.7B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAPL
CAPL
PSTG
PSTG
Operating Cash FlowLast quarter
$29.4M
$116.0M
Free Cash FlowOCF − Capex
$22.4M
$52.6M
FCF MarginFCF / Revenue
2.6%
5.5%
Capex IntensityCapex / Revenue
0.8%
6.6%
Cash ConversionOCF / Net Profit
2.89×
2.12×
TTM Free Cash FlowTrailing 4 quarters
$55.8M
$566.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAPL
CAPL
PSTG
PSTG
Q4 25
$29.4M
$116.0M
Q3 25
$24.4M
$212.2M
Q2 25
$22.6M
$283.9M
Q1 25
$15.0M
$208.5M
Q4 24
$11.1M
$97.0M
Q3 24
$41.9M
$226.6M
Q2 24
$28.9M
$221.5M
Q1 24
$5.8M
$244.4M
Free Cash Flow
CAPL
CAPL
PSTG
PSTG
Q4 25
$22.4M
$52.6M
Q3 25
$17.7M
$150.1M
Q2 25
$10.8M
$211.6M
Q1 25
$4.9M
$152.4M
Q4 24
$3.9M
$35.2M
Q3 24
$34.2M
$166.6M
Q2 24
$23.6M
$172.7M
Q1 24
$-289.0K
$200.9M
FCF Margin
CAPL
CAPL
PSTG
PSTG
Q4 25
2.6%
5.5%
Q3 25
1.8%
17.4%
Q2 25
1.1%
27.2%
Q1 25
0.6%
17.3%
Q4 24
0.4%
4.2%
Q3 24
3.2%
21.8%
Q2 24
2.1%
24.9%
Q1 24
-0.0%
25.4%
Capex Intensity
CAPL
CAPL
PSTG
PSTG
Q4 25
0.8%
6.6%
Q3 25
0.7%
7.2%
Q2 25
1.2%
9.3%
Q1 25
1.2%
6.4%
Q4 24
0.8%
7.4%
Q3 24
0.7%
7.9%
Q2 24
0.5%
7.0%
Q1 24
0.6%
5.5%
Cash Conversion
CAPL
CAPL
PSTG
PSTG
Q4 25
2.89×
2.12×
Q3 25
1.79×
4.50×
Q2 25
0.90×
Q1 25
4.91×
Q4 24
0.66×
1.52×
Q3 24
3.92×
6.35×
Q2 24
2.33×
Q1 24
3.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAPL
CAPL

Retail Segment$505.3M58%
Wholesale$360.9M42%
Other$1.2M0%

PSTG
PSTG

US$683.2M71%
Non Us$281.3M29%

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