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Seagate Technology (STX) Financials

Seagate Technology logo
$149.45 -2.49 (-1.64%)
Closing price 07/3/2025 03:58 PM Eastern
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$149.45 0.00 (0.00%)
As of 07/3/2025 04:45 PM Eastern
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Annual Income Statements for Seagate Technology

Annual Income Statements for Seagate Technology

This table shows Seagate Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 7/3/2015 7/1/2016 6/30/2017 6/29/2018 6/28/2019 7/3/2020 7/2/2021 7/1/2022 6/30/2023 6/28/2024
Net Income / (Loss) Attributable to Common Shareholders		 1,742 248 772 1,182 2,012 1,004 1,314 1,649 -529 335
Consolidated Net Income / (Loss)		 1,742 248 772 1,182 2,012 1,004 1,314 1,649 -529 335
Net Income / (Loss) Continuing Operations		 1,742 248 772 1,182 2,012 1,004 1,314 1,649 -529 335
Total Pre-Tax Income 		1,970 274 815 1,418 1,372 1,032 1,348 1,679 -496 445
Total Operating Income		 2,058 445 1,054 1,634 1,487 1,300 1,492 1,955 -342 452
Total Gross Profit		 3,809 2,615 3,174 3,364 2,932 2,842 2,917 3,469 1,351 1,536
Total Revenue		 13,739 11,160 10,771 11,184 10,390 10,509 10,681 11,661 7,384 6,551
Operating Revenue		 13,739 11,160 10,771 11,184 10,390 10,509 10,681 11,661 7,384 6,551
Total Cost of Revenue		 9,930 8,545 7,597 7,820 7,458 7,667 7,764 8,192 6,033 5,015
Operating Cost of Revenue		 9,930 8,545 7,597 7,820 7,458 7,667 7,764 8,192 6,033 5,015
Total Operating Expenses		 1,751 2,170 2,120 1,730 1,445 1,542 1,425 1,514 1,693 1,084
Selling, General & Admin Expense		 857 635 606 562 453 473 502 559 491 460
Research & Development Expense		 1,353 1,237 1,232 1,026 991 973 903 941 797 654
Amortization Expense		 129 123 104 53 23 14 12 11 3.00 0.00
Restructuring Charge		 32 175 178 89 -22 82 8.00 3.00 102 -30
Other Special Charges / (Income)		 - - - - - - 0.00 0.00 300 0.00
Total Other Income / (Expense), net		 -88 -171 -239 -216 -115 -268 -144 -276 -154 -7.00
Interest Expense		 207 193 222 236 224 201 220 249 123 361
Interest & Investment Income		 6.00 3.00 12 38 84 20 2.00 2.00 10 15
Other Income / (Expense), net		 113 19 -29 -18 25 -87 74 -29 -41 339
Income Tax Expense		 228 26 43 236 -640 28 34 30 33 110
Basic Earnings per Share		 $5.38 $0.83 $2.61 $4.10 $7.13 $3.83 $5.43 $7.50 ($2.56) $1.60
Weighted Average Basic Shares Outstanding		 324M 299M 296M 288M 282M 262M 242M 220M 207M 209M
Diluted Earnings per Share		 $5.26 $0.82 $2.58 $4.05 $7.06 $3.79 $5.36 $7.36 ($2.56) $1.58
Weighted Average Diluted Shares Outstanding		 331M 302M 299M 292M 285M 265M 245M 224M 207M 212M
Weighted Average Basic & Diluted Shares Outstanding		 323.80M 298.80M 295.80M 288.30M 282.20M 514.92M 455.21M 417.51M 207.39M 420.39M

Quarterly Income Statements for Seagate Technology

This table shows Seagate Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 12/30/2022 3/31/2023 6/30/2023 9/29/2023 12/29/2023 3/29/2024 6/28/2024 9/27/2024 12/27/2024 3/28/2025
Net Income / (Loss) Attributable to Common Shareholders		 29 -33 -433 -92 -184 -19 25 513 305 336 340
Consolidated Net Income / (Loss)		 29 -33 -433 -92 -184 -19 25 513 305 336 340
Net Income / (Loss) Continuing Operations		 29 -33 -433 -92 -184 -19 25 513 305 336 340
Total Pre-Tax Income 		27 -38 -400 -85 -147 -4.00 58 538 316 350 355
Total Operating Income		 107 -160 -315 26 -129 124 143 314 403 488 431
Total Gross Profit		 482 246 319 304 149 362 425 600 714 812 760
Total Revenue		 2,035 1,887 1,860 1,602 1,454 1,555 1,655 1,887 2,168 2,325 2,160
Operating Revenue		 2,035 1,887 1,860 1,602 1,454 1,555 1,655 1,887 2,168 2,325 2,160
Total Cost of Revenue		 1,553 1,641 1,541 1,298 1,305 1,193 1,230 1,287 1,454 1,513 1,400
Operating Cost of Revenue		 1,553 1,641 1,541 1,298 1,305 1,193 1,230 1,287 1,454 1,513 1,400
Total Operating Expenses		 375 406 634 278 278 238 282 286 311 324 329
Selling, General & Admin Expense		 129 125 123 114 105 108 116 131 129 139 139
Research & Development Expense		 234 200 191 172 171 161 164 158 181 184 180
Restructuring Charge		 9.00 81 20 -8.00 2.00 -31 2.00 -3.00 1.00 1.00 10
Total Other Income / (Expense), net		 -80 122 -85 -111 -18 -128 -85 224 -87 -138 -76
Interest Expense		 71 -127 78 101 113 84 82 82 85 84 81
Interest & Investment Income		 1.00 1.00 2.00 6.00 2.00 3.00 3.00 7.00 7.00 8.00 4.00
Other Income / (Expense), net		 -10 -6.00 -9.00 -16 93 -47 -6.00 299 -9.00 -62 1.00
Income Tax Expense		 -2.00 -5.00 33 7.00 37 15 33 25 11 14 15
Basic Earnings per Share		 $0.14 ($0.16) ($2.09) ($0.45) ($0.88) ($0.09) $0.12 $2.45 $1.45 $1.58 $1.60
Weighted Average Basic Shares Outstanding		 208M 206M 207M 207M 208M 209M 210M 209M 211M 212M 212M
Diluted Earnings per Share		 $0.14 ($0.16) ($2.09) ($0.45) ($0.88) ($0.09) $0.12 $2.43 $1.41 $1.55 $1.57
Weighted Average Diluted Shares Outstanding		 210M 206M 207M 207M 208M 209M 213M 212M 216M 217M 216M
Weighted Average Basic & Diluted Shares Outstanding		 206.45M 206.48M 207.08M 207.39M 209.18M 209.51M 209.99M 420.39M 211.53M 211.71M 212.22M
Cash Dividends to Common per Share		 $0.70 $0.00 $0.70 $1.40 $0.70 - $0.70 - $0.70 $0.72 $0.72

Annual Cash Flow Statements for Seagate Technology

This table details how cash moves in and out of Seagate Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 7/3/2015 7/1/2016 6/30/2017 6/29/2018 6/28/2019 7/3/2020 7/2/2021 7/1/2022 6/30/2023 6/28/2024
Net Change in Cash & Equivalents		 -152 -1,354 1,411 -686 394 -527 -513 -594 171 572
Net Cash From Operating Activities		 2,650 1,680 1,916 2,113 1,761 1,714 1,626 1,657 942 918
Net Cash From Continuing Operating Activities		 2,650 1,680 1,916 2,110 1,761 1,714 1,626 1,657 942 918
Net Income / (Loss) Continuing Operations		 1,742 248 772 1,182 2,012 1,004 1,314 1,649 -529 335
Consolidated Net Income / (Loss)		 1,742 248 772 1,182 2,012 1,004 1,314 1,649 -529 335
Depreciation Expense		 841 815 749 598 541 379 397 451 513 264
Non-Cash Adjustments To Reconcile Net Income		 204 155 206 98 2.00 219 59 209 -214 -190
Changes in Operating Assets and Liabilities, net		 -137 462 189 232 -794 112 -144 -652 1,172 509
Net Cash From Investing Activities		 -1,287 -1,211 -459 -1,588 846 -635 -466 -352 217 126
Net Cash From Continuing Investing Activities		 -1,287 -1,211 -459 -1,588 846 -635 -466 -352 217 126
Purchase of Property, Plant & Equipment		 -747 -587 -471 -372 -620 -643 -502 -399 -317 -254
Sale of Property, Plant & Equipment		 - 0.00 0.00 71 154 8.00 33 47 534 54
Divestitures		 - - - - - - - 0.00 0.00 326
Net Cash From Financing Activities		 -1,495 -1,820 -46 -1,211 -2,212 -1,605 -1,673 -1,899 -988 -473
Net Cash From Continuing Financing Activities		 -1,495 -1,820 -46 -1,211 -2,212 -1,605 -1,673 -1,899 -988 -473
Repayment of Debt		 -1,038 -26 -316 -214 -819 -1,139 -52 -707 -1,622 -1,416
Repurchase of Common Equity		 -1,087 -1,090 -460 -361 -963 -850 -2,047 -1,799 -408 0.00
Payment of Dividends		 -664 -727 -561 -726 -713 -673 -649 -610 -582 -585
Issuance of Debt		 1,196 0.00 1,232 0.00 245 994 1,000 1,200 1,600 1,500
Issuance of Common Equity		 98 79 86 113 69 103 108 68 68 66
Other Financing Activities, net		 0.00 -56 -27 -23 -31 -40 -33 -51 -44 -38
Effect of Exchange Rate Changes		 - -3.00 - - -1.00 - - 0.00 0.00 1.00
Cash Interest Paid		 216 200 172 237 223 226 184 244 327 303
Cash Income Taxes Paid		 285 40 33 43 39 51 44 33 32 30

Quarterly Cash Flow Statements for Seagate Technology

This table details how cash moves in and out of Seagate Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 12/30/2022 3/31/2023 6/30/2023 9/29/2023 12/29/2023 3/29/2024 6/28/2024 9/27/2024 12/27/2024 3/28/2025
Net Change in Cash & Equivalents		 146 9.00 -4.00 20 9.00 -8.00 8.00 563 -119 -1.00 -424
Net Cash From Operating Activities		 245 251 228 218 127 169 188 434 95 221 259
Net Cash From Continuing Operating Activities		 245 251 228 218 127 169 188 434 95 221 259
Net Income / (Loss) Continuing Operations		 29 -33 -433 -92 -184 -19 25 513 305 336 340
Consolidated Net Income / (Loss)		 29 -33 -433 -92 -184 -19 25 513 305 336 340
Depreciation Expense		 135 148 126 104 76 62 63 63 64 63 63
Non-Cash Adjustments To Reconcile Net Income		 42 -156 15 -115 10 25 35 -260 46 107 56
Changes in Operating Assets and Liabilities, net		 39 292 520 321 225 101 65 118 -320 -285 -200
Net Cash From Investing Activities		 -133 -77 -42 469 -70 -35 -52 283 -68 -70 -8.00
Net Cash From Continuing Investing Activities		 -133 -77 -42 469 -70 -35 -52 283 -68 -70 -8.00
Purchase of Property, Plant & Equipment		 -134 -79 -54 -50 -70 -70 -60 -54 -68 -71 -43
Sale of Property, Plant & Equipment		 1.00 2.00 12 519 - - 8.00 11 - - 10
Net Cash From Financing Activities		 34 -165 -190 -667 -49 -142 -128 -154 -146 -152 -675
Net Cash From Continuing Financing Activities		 34 -165 -190 -667 -49 -142 -128 -154 -146 -152 -675
Repayment of Debt		 -1.00 -20 -73 -1,528 -1,414 -2.00 - - 0.00 - -538
Payment of Dividends		 -147 -145 -145 -145 -145 -146 -147 -147 -147 -148 -152
Issuance of Common Equity		 29 - 30 9.00 35 9.00 22 - 29 3.00 24
Other Financing Activities, net		 -39 - -2.00 -3.00 -25 -3.00 -3.00 -7.00 -28 -7.00 -9.00

Annual Balance Sheets for Seagate Technology

This table presents Seagate Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 7/3/2015 7/1/2016 6/30/2017 6/29/2018 6/28/2019 7/3/2020 7/2/2021 7/1/2022 6/30/2023 6/28/2024
Total Assets		 9,845 8,213 9,268 9,410 8,885 8,930 8,675 8,944 7,556 7,739
Total Current Assets		 5,568 3,533 5,041 4,310 4,363 4,114 3,779 4,033 2,905 3,332
Cash & Equivalents		 2,479 1,125 2,539 1,853 2,220 1,722 1,209 615 786 1,358
Accounts Receivable		 1,735 1,318 1,199 1,184 989 1,115 1,158 1,532 621 429
Inventories, net		 993 868 982 1,053 970 1,142 1,204 1,565 1,140 1,239
Other Current Assets		 233 216 321 220 184 135 208 321 358 306
Plant, Property, & Equipment, net		 2,278 2,160 1,875 1,792 1,869 2,129 2,181 2,239 1,706 1,614
Total Noncurrent Assets		 1,999 2,520 2,352 3,308 2,653 2,687 2,715 2,672 2,945 2,793
Goodwill		 874 1,237 1,238 1,237 1,237 1,237 1,237 1,237 1,237 1,219
Noncurrent Deferred & Refundable Income Taxes		 496 616 609 417 1,114 1,120 1,117 1,132 1,117 1,037
Other Noncurrent Operating Assets		 259 219 224 1,466 191 272 332 294 591 537
Total Liabilities & Shareholders' Equity		 9,845 8,213 9,268 9,410 8,885 8,930 8,675 8,944 7,556 7,739
Total Liabilities		 6,827 6,620 7,904 7,745 6,723 7,143 8,044 8,835 8,755 9,230
Total Current Liabilities		 2,343 2,249 2,626 3,190 2,232 2,722 2,921 3,555 2,592 3,099
Short-Term Debt		 - - 0.00 499 0.00 19 245 584 63 479
Accounts Payable		 1,540 1,517 1,626 1,728 1,420 1,808 1,725 2,058 1,603 1,786
Accrued Expenses		 547 548 763 710 643 671 669 661 826 728
Current Employee Benefit Liabilities		 256 184 237 253 169 224 282 252 100 106
Total Noncurrent Liabilities		 4,484 4,371 5,278 4,555 4,491 4,421 5,123 5,280 6,163 6,131
Long-Term Debt		 4,155 4,091 5,021 4,320 4,253 4,156 4,894 5,062 5,388 5,195
Other Noncurrent Operating Liabilities		 296 266 242 225 234 265 229 218 775 936
Total Equity & Noncontrolling Interests		 3,018 1,593 1,364 1,665 2,162 1,787 631 109 -1,199 -1,491
Total Preferred & Common Equity		 3,018 1,593 1,364 1,665 2,162 1,787 631 109 -1,199 -1,491
Total Common Equity		 3,018 1,593 1,364 1,665 2,162 1,787 631 109 -1,199 -1,491
Common Stock		 5,734 5,929 6,152 6,377 6,545 6,757 6,977 7,190 7,373 7,471
Retained Earnings		 -2,686 -4,311 -4,771 -4,696 -4,349 -4,904 -6,305 -7,117 -8,670 -8,960
Accumulated Other Comprehensive Income / (Loss)		 -30 -25 -17 -16 -34 -66 -41 36 98 -2.00

Quarterly Balance Sheets for Seagate Technology

This table presents Seagate Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 12/30/2022 3/31/2023 6/30/2023 9/29/2023 12/29/2023 3/29/2024 6/28/2024 9/27/2024 12/27/2024 3/28/2025
Total Assets		 8,611 7,867 7,967 7,556 7,196 7,149 7,096 7,739 7,972 7,959 7,564
Total Current Assets		 3,740 3,081 3,597 2,905 2,636 2,628 2,615 3,332 3,608 3,662 3,282
Cash & Equivalents		 761 770 766 786 795 787 795 1,358 1,239 1,238 814
Accounts Receivable		 1,098 840 994 621 521 471 332 429 628 587 622
Inventories, net		 1,606 1,194 1,200 1,140 1,052 1,053 1,191 1,239 1,383 1,473 1,472
Other Current Assets		 275 277 637 358 268 317 297 306 358 364 374
Plant, Property, & Equipment, net		 2,196 2,122 1,753 1,706 1,652 1,642 1,639 1,614 1,599 1,595 1,613
Total Noncurrent Assets		 2,675 2,664 2,617 2,945 2,908 2,879 2,842 2,793 2,765 2,702 2,669
Goodwill		 1,237 1,237 1,237 1,237 1,237 1,237 1,237 1,219 1,219 1,219 1,219
Noncurrent Deferred & Refundable Income Taxes		 1,137 1,135 1,127 1,117 1,087 1,074 1,052 1,037 1,038 1,032 1,026
Other Noncurrent Operating Assets		 296 289 252 591 584 568 553 537 508 451 424
Total Liabilities & Shareholders' Equity		 8,611 7,867 7,967 7,556 7,196 7,149 7,096 7,739 7,972 7,959 7,564
Total Liabilities		 8,962 8,337 8,971 8,755 8,898 8,963 8,985 9,230 9,272 9,038 8,393
Total Current Liabilities		 3,138 2,725 3,639 2,592 2,473 2,529 3,062 3,099 3,161 2,969 2,412
Short-Term Debt		 636 636 1,118 63 0.00 0.00 479 479 479 479 0.00
Accounts Payable		 1,712 1,085 1,697 1,603 1,511 1,619 1,672 1,786 1,778 1,567 1,467
Accrued Expenses		 684 897 740 826 874 824 836 728 756 719 703
Current Employee Benefit Liabilities		 106 107 84 100 88 86 75 106 148 204 242
Total Noncurrent Liabilities		 5,824 5,612 5,332 6,163 6,425 6,434 5,923 6,131 6,111 6,069 5,981
Long-Term Debt		 5,613 5,393 4,840 5,388 5,666 5,669 5,192 5,195 5,197 5,200 5,146
Other Noncurrent Operating Liabilities		 211 219 492 775 759 765 731 936 914 869 835
Total Equity & Noncontrolling Interests		 -351 -470 -1,004 -1,199 -1,702 -1,814 -1,889 -1,491 -1,300 -1,079 -829
Total Preferred & Common Equity		 -351 -470 -1,004 -1,199 -1,702 -1,814 -1,889 -1,491 -1,300 -1,079 -829
Total Common Equity		 -351 -470 -1,004 -1,199 -1,702 -1,814 -1,889 -1,491 -1,300 -1,079 -829
Common Stock		 7,248 7,281 7,342 7,373 7,338 7,377 7,433 7,471 7,533 7,577 7,648
Retained Earnings		 -7,672 -7,850 -8,430 -8,670 -9,025 -9,194 -9,319 -8,960 -8,831 -8,654 -8,476
Accumulated Other Comprehensive Income / (Loss)		 73 99 84 98 -15 3.00 -3.00 -2.00 -2.00 -2.00 -1.00

Annual Metrics And Ratios for Seagate Technology

This table displays calculated financial ratios and metrics derived from Seagate Technology's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 7/3/2015 7/1/2016 6/30/2017 6/29/2018 6/28/2019 7/3/2020 7/2/2021 7/1/2022 6/30/2023 6/28/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.11% -18.77% -3.49% 3.83% -7.10% 1.15% 1.64% 9.18% -36.68% -11.28%
EBITDA Growth		 14.87% -57.54% 38.70% 24.80% -7.27% -22.45% 23.30% 21.09% -94.53% 711.54%
EBIT Growth		 24.56% -78.63% 120.91% 57.66% -6.44% -19.78% 29.10% 22.99% -119.89% 306.53%
NOPAT Growth		 1.55% -77.87% 147.88% 36.42% 60.10% -42.00% 14.99% 32.02% -112.47% 242.13%
Net Income Growth		 10.96% -85.76% 211.29% 53.11% 70.22% -50.10% 30.88% 25.49% -132.08% 163.33%
EPS Growth		 16.37% -84.41% 214.63% 56.98% 74.32% -46.32% 41.42% 37.31% -134.78% 161.72%
Operating Cash Flow Growth		 3.60% -36.60% 14.05% 10.28% -16.66% -2.67% -5.13% 1.91% -43.15% -2.55%
Free Cash Flow Firm Growth		 -27.55% -56.13% 217.12% -66.16% 353.45% -53.39% -7.08% 18.33% 6.97% -31.60%
Invested Capital Growth		 14.51% -2.88% -15.53% 20.41% -9.41% 1.07% 7.57% 12.69% -32.57% -18.49%
Revenue Q/Q Growth		 -2.64% -2.40% -2.25% 3.99% -4.27% 1.41% 4.87% -3.20% -12.20% 4.55%
EBITDA Q/Q Growth		 -4.20% -7.72% 2.78% 15.01% -8.02% -8.87% 21.77% -7.29% -73.36% 114.00%
EBIT Q/Q Growth		 -5.77% -16.99% 7.56% 25.47% -10.43% -9.07% 28.57% -9.87% -697.92% 320.74%
NOPAT Q/Q Growth		 -11.98% -14.13% 7.00% 31.87% 36.39% -40.83% 17.68% -6.69% -4,175.00% 196.40%
Net Income Q/Q Growth		 -9.51% -21.27% 6.04% 41.56% 35.03% -44.87% 31.66% -11.11% -228.57% 224.07%
EPS Q/Q Growth		 -8.36% -22.64% 6.17% 41.61% 37.35% -43.01% 34.00% -8.68% -212.20% 221.54%
Operating Cash Flow Q/Q Growth		 -11.55% 2.31% -1.34% 11.92% -1.12% -3.38% 5.86% -15.24% 4.20% 30.77%
Free Cash Flow Firm Q/Q Growth		 -12.54% 48.12% -1.65% -63.61% 7,201.63% -54.44% 2.58% -13.18% 95.61% -25.42%
Invested Capital Q/Q Growth		 3.99% -1.32% 0.87% 42.06% -13.02% -1.00% 3.33% 4.32% -17.24% -5.42%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 27.72% 23.43% 29.47% 30.08% 28.22% 27.04% 27.31% 29.75% 18.30% 23.45%
EBITDA Margin		 21.92% 11.46% 16.47% 19.80% 19.76% 15.15% 18.38% 20.38% 1.76% 16.10%
Operating Margin		 14.98% 3.99% 9.79% 14.61% 14.31% 12.37% 13.97% 16.77% -4.63% 6.90%
EBIT Margin		 15.80% 4.16% 9.52% 14.45% 14.55% 11.54% 14.66% 16.52% -5.19% 12.07%
Profit (Net Income) Margin		 12.68% 2.22% 7.17% 10.57% 19.36% 9.55% 12.30% 14.14% -7.16% 5.11%
Tax Burden Percent		 88.43% 90.51% 94.72% 83.36% 146.65% 97.29% 97.48% 98.21% 106.65% 75.28%
Interest Burden Percent		 90.74% 59.05% 79.51% 87.75% 90.74% 85.08% 86.08% 87.18% 129.50% 56.26%
Effective Tax Rate		 11.57% 9.49% 5.28% 16.64% -46.65% 2.71% 2.52% 1.79% 0.00% 24.72%
Return on Invested Capital (ROIC)		 41.44% 8.72% 23.77% 32.14% 49.41% 29.99% 33.05% 39.59% -5.56% 10.82%
ROIC Less NNEP Spread (ROIC-NNEP)		 36.14% 2.03% 15.45% 25.53% 42.67% 18.36% 28.65% 33.54% -11.54% 10.70%
Return on Net Nonoperating Assets (RNNOA)		 18.11% 2.04% 28.44% 45.91% 55.73% 20.86% 75.63% 406.09% 102.63% -35.72%
Return on Equity (ROE)		 59.56% 10.76% 52.22% 78.05% 105.15% 50.85% 108.68% 445.68% 97.06% -24.91%
Cash Return on Invested Capital (CROIC)		 27.92% 11.64% 40.61% 13.61% 59.29% 28.92% 25.76% 27.65% 33.34% 31.20%
Operating Return on Assets (OROA)		 22.45% 5.14% 11.73% 17.30% 16.53% 13.62% 17.79% 21.86% -4.64% 10.34%
Return on Assets (ROA)		 18.02% 2.75% 8.83% 12.66% 22.00% 11.27% 14.93% 18.72% -6.41% 4.38%
Return on Common Equity (ROCE)		 59.56% 10.76% 52.22% 78.05% 105.15% 50.85% 108.68% 445.68% 97.06% -24.91%
Return on Equity Simple (ROE_SIMPLE)		 57.72% 15.57% 56.60% 70.99% 93.06% 56.18% 208.24% 1,512.84% 44.12% -22.47%
Net Operating Profit after Tax (NOPAT)		 1,820 403 998 1,362 2,181 1,265 1,454 1,920 -239 340
NOPAT Margin		 13.25% 3.61% 9.27% 12.18% 20.99% 12.03% 13.62% 16.47% -3.24% 5.19%
Net Nonoperating Expense Percent (NNEP)		 5.31% 6.69% 8.32% 6.61% 6.75% 11.62% 4.40% 6.05% 5.97% 0.12%
Cost of Revenue to Revenue		 72.28% 76.57% 70.53% 69.92% 71.78% 72.96% 72.69% 70.25% 81.70% 76.55%
SG&A Expenses to Revenue		 6.24% 5.69% 5.63% 5.03% 4.36% 4.50% 4.70% 4.79% 6.65% 7.02%
R&D to Revenue		 9.85% 11.08% 11.44% 9.17% 9.54% 9.26% 8.45% 8.07% 10.79% 9.98%
Operating Expenses to Revenue		 12.74% 19.44% 19.68% 15.47% 13.91% 14.67% 13.34% 12.98% 22.93% 16.55%
Earnings before Interest and Taxes (EBIT)		 2,171 464 1,025 1,616 1,512 1,213 1,566 1,926 -383 791
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3,012 1,279 1,774 2,214 2,053 1,592 1,963 2,377 130 1,055
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 3,200,707.13 3.08 6.13 7.49 4.91 5.83 28.18 125.55 0.00 0.00
Price to Tangible Book Value (P/TBV)		 5,445,171.44 0.00 0.00 51.98 13.05 21.16 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 703,088.59 0.44 0.78 1.12 1.02 0.99 1.67 1.17 1.68 3.31
Price to Earnings (P/E)		 5,545,197.55 19.79 10.84 10.55 5.28 10.37 13.53 8.30 0.00 64.73
Dividend Yield		 8.15% 14.78% 8.93% 5.80% 6.57% 6.36% 4.26% 4.35% 4.68% 2.71%
Earnings Yield		 0.00% 5.05% 9.23% 9.48% 18.94% 9.64% 7.39% 12.05% 0.00% 1.54%
Enterprise Value to Invested Capital (EV/IC)		 2,060,523.85 1.73 2.82 3.33 3.02 3.03 4.76 3.64 4.92 9.20
Enterprise Value to Revenue (EV/Rev)		 703,088.71 0.71 1.01 1.38 1.22 1.22 2.03 1.61 2.31 3.97
Enterprise Value to EBITDA (EV/EBITDA)		 3,207,083.60 6.15 6.12 6.97 6.17 8.08 11.06 7.87 131.16 24.65
Enterprise Value to EBIT (EV/EBIT)		 4,449,440.72 16.96 10.59 9.55 8.37 10.61 13.87 9.72 0.00 32.87
Enterprise Value to NOPAT (EV/NOPAT)		 5,308,086.03 19.53 10.87 11.34 5.80 10.17 14.93 9.75 0.00 76.41
Enterprise Value to Operating Cash Flow (EV/OCF)		 3,645,183.32 4.68 5.66 7.31 7.19 7.51 13.35 11.30 18.10 28.32
Enterprise Value to Free Cash Flow (EV/FCFF)		 7,880,254.36 14.63 6.36 26.76 4.84 10.55 19.16 13.96 11.89 26.50
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.38 2.57 3.68 2.89 1.97 2.34 8.14 51.80 -4.55 -3.81
Long-Term Debt to Equity		 1.38 2.57 3.68 2.59 1.97 2.33 7.76 46.44 -4.49 -3.48
Financial Leverage		 0.50 1.00 1.84 1.80 1.31 1.14 2.64 12.11 -8.90 -3.34
Leverage Ratio		 3.31 3.92 5.91 6.17 4.78 4.51 7.28 23.81 -15.14 -5.69
Compound Leverage Factor		 3.00 2.31 4.70 5.41 4.34 3.84 6.27 20.76 -19.60 -3.20
Debt to Total Capital		 57.93% 71.97% 78.64% 74.32% 66.30% 70.03% 89.06% 98.11% 128.20% 135.64%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 7.70% 0.00% 0.32% 4.25% 10.15% 1.48% 11.45%
Long-Term Debt to Total Capital		 57.93% 71.97% 78.64% 66.63% 66.30% 69.71% 84.82% 87.96% 126.72% 124.19%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 42.07% 28.03% 21.36% 25.68% 33.70% 29.97% 10.94% 1.89% -28.20% -35.64%
Debt to EBITDA		 1.38 3.20 2.83 2.18 2.07 2.62 2.62 2.38 41.93 5.38
Net Debt to EBITDA		 0.55 2.31 1.40 1.34 0.99 1.54 2.00 2.12 35.88 4.09
Long-Term Debt to EBITDA		 1.38 3.20 2.83 1.95 2.07 2.61 2.49 2.13 41.45 4.92
Debt to NOPAT		 2.28 10.16 5.03 3.54 1.95 3.30 3.53 2.94 -22.77 16.68
Net Debt to NOPAT		 0.92 7.35 2.49 2.18 0.93 1.94 2.70 2.62 -19.49 12.68
Long-Term Debt to NOPAT		 2.28 10.16 5.03 3.17 1.95 3.29 3.37 2.64 -22.51 15.27
Altman Z-Score		 848,960.75 1.44 1.75 2.17 2.28 1.92 2.25 1.89 0.10 1.01
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 2.38 1.57 1.92 1.35 1.95 1.51 1.29 1.13 1.12 1.08
Quick Ratio		 1.80 1.09 1.42 0.95 1.44 1.04 0.81 0.60 0.54 0.58
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,226 538 1,705 577 2,617 1,220 1,133 1,341 1,435 981
Operating Cash Flow to CapEx		 354.75% 286.20% 406.79% 701.99% 377.90% 269.92% 346.70% 470.74% 0.00% 459.00%
Free Cash Flow to Firm to Interest Expense		 5.92 2.79 7.68 2.45 11.68 6.07 5.15 5.39 11.66 2.72
Operating Cash Flow to Interest Expense		 12.80 8.70 8.63 8.95 7.86 8.53 7.39 6.65 7.66 2.54
Operating Cash Flow Less CapEx to Interest Expense		 9.19 5.66 6.51 7.68 5.78 5.37 5.26 5.24 9.42 1.99
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 1.42 1.24 1.23 1.20 1.14 1.18 1.21 1.32 0.90 0.86
Accounts Receivable Turnover		 7.93 7.31 8.56 9.39 9.56 9.99 9.40 8.67 6.86 12.48
Inventory Turnover		 10.04 9.18 8.21 7.69 7.37 7.26 6.62 5.92 4.46 4.22
Fixed Asset Turnover		 6.23 5.03 5.34 6.10 5.68 5.26 4.96 5.28 3.74 3.95
Accounts Payable Turnover		 6.43 5.59 4.83 4.66 4.74 4.75 4.40 4.33 3.30 2.96
Days Sales Outstanding (DSO)		 46.01 49.93 42.65 38.89 38.17 36.54 38.84 42.10 53.21 29.25
Days Inventory Outstanding (DIO)		 36.35 39.75 44.44 47.49 49.50 50.27 55.14 61.69 81.83 86.57
Days Payable Outstanding (DPO)		 56.77 65.29 75.50 78.27 77.03 76.84 83.05 84.28 110.75 123.33
Cash Conversion Cycle (CCC)		 25.59 24.38 11.59 8.10 10.64 9.97 10.94 19.51 24.29 -7.50
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 4,688 4,553 3,846 4,631 4,195 4,240 4,561 5,140 3,466 2,825
Invested Capital Turnover		 3.13 2.42 2.56 2.64 2.35 2.49 2.43 2.40 1.72 2.08
Increase / (Decrease) in Invested Capital		 594 -135 -707 785 -436 45 321 579 -1,674 -641
Enterprise Value (EV)		 9,659,735,797 7,867 10,850 15,440 12,658 12,866 21,715 18,716 17,051 26,002
Market Capitalization		 9,659,734,127 4,907 8,368 12,474 10,625 10,413 17,785 13,685 12,386 21,686
Book Value per Share		 $0.00 $5.34 $4.60 $5.80 $7.81 $6.96 $2.76 $0.51 ($5.79) ($7.10)
Tangible Book Value per Share		 $0.00 ($0.31) ($0.52) $0.84 $2.94 $1.92 ($2.77) ($5.29) ($11.76) ($12.91)
Total Capital		 7,173 5,684 6,385 6,484 6,415 5,962 5,770 5,755 4,252 4,183
Total Debt		 4,155 4,091 5,021 4,819 4,253 4,175 5,139 5,646 5,451 5,674
Total Long-Term Debt		 4,155 4,091 5,021 4,320 4,253 4,156 4,894 5,062 5,388 5,195
Net Debt		 1,670 2,960 2,482 2,966 2,033 2,453 3,930 5,031 4,665 4,316
Capital Expenditures (CapEx)		 747 587 471 301 466 635 469 352 -217 200
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 740 153 -124 -234 -89 -311 -106 447 -410 -646
Debt-free Net Working Capital (DFNWC)		 3,225 1,284 2,415 1,619 2,131 1,411 1,103 1,062 376 712
Net Working Capital (NWC)		 3,225 1,284 2,415 1,120 2,131 1,392 858 478 313 233
Net Nonoperating Expense (NNE)		 78 155 226 180 169 261 140 271 290 5.27
Net Nonoperating Obligations (NNO)		 1,670 2,960 2,482 2,966 2,033 2,453 3,930 5,031 4,665 4,316
Total Depreciation and Amortization (D&A)		 841 815 749 598 541 379 397 451 513 264
Debt-free, Cash-free Net Working Capital to Revenue		 5.39% 1.37% -1.15% -2.09% -0.86% -2.96% -0.99% 3.83% -5.55% -9.86%
Debt-free Net Working Capital to Revenue		 23.47% 11.51% 22.42% 14.48% 20.51% 13.43% 10.33% 9.11% 5.09% 10.87%
Net Working Capital to Revenue		 23.47% 11.51% 22.42% 10.01% 20.51% 13.25% 8.03% 4.10% 4.24% 3.56%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $5.38 $0.83 $2.61 $4.10 $7.13 $3.83 $5.43 $7.50 ($2.56) $1.60
Adjusted Weighted Average Basic Shares Outstanding		 324M 299M 296M 288M 282M 262M 242M 220M 207M 209M
Adjusted Diluted Earnings per Share		 $5.26 $0.82 $2.58 $4.05 $7.06 $3.79 $5.36 $7.36 ($2.56) $1.58
Adjusted Weighted Average Diluted Shares Outstanding		 331M 302M 299M 292M 285M 265M 245M 224M 207M 212M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 302.03M 298.61M 291.81M 287.18M 269.04M 514.92M 455.21M 417.51M 207.39M 420.39M
Normalized Net Operating Profit after Tax (NOPAT)		 1,848 561 1,167 1,436 1,026 1,345 1,462 1,923 42 318
Normalized NOPAT Margin		 13.45% 5.03% 10.83% 12.84% 9.87% 12.79% 13.69% 16.49% 0.57% 4.85%
Pre Tax Income Margin		 14.34% 2.46% 7.57% 12.68% 13.21% 9.82% 12.62% 14.40% -6.72% 6.79%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 10.49 2.40 4.62 6.85 6.75 6.03 7.12 7.73 -3.11 2.19
NOPAT to Interest Expense		 8.79 2.09 4.50 5.77 9.74 6.29 6.61 7.71 -1.95 0.94
EBIT Less CapEx to Interest Expense		 6.88 -0.64 2.50 5.57 4.67 2.88 4.99 6.32 -1.35 1.64
NOPAT Less CapEx to Interest Expense		 5.18 -0.95 2.38 4.50 7.65 3.13 4.48 6.30 -0.18 0.39
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 38.12% 293.15% 72.67% 61.42% 35.44% 67.03% 49.39% 36.99% -110.02% 174.63%
Augmented Payout Ratio		 100.52% 732.66% 132.25% 91.96% 83.30% 151.69% 205.18% 146.09% -187.15% 174.63%

Quarterly Metrics And Ratios for Seagate Technology

This table displays calculated financial ratios and metrics derived from Seagate Technology's official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 12/30/2022 3/31/2023 6/30/2023 9/29/2023 12/29/2023 3/29/2024 6/28/2024 9/27/2024 12/27/2024 3/28/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -34.67% -39.44% -33.62% -39.04% -28.55% -17.59% -11.02% 17.79% 49.11% 49.52% 30.51%
EBITDA Growth		 -66.67% -102.64% -137.64% -75.85% -82.76% 872.22% 201.01% 492.98% 1,045.00% 251.80% 147.50%
EBIT Growth		 -83.61% -128.87% -178.26% -97.10% -137.11% 146.39% 142.28% 6,030.00% 1,194.44% 453.25% 215.33%
NOPAT Growth		 -80.13% -119.81% -152.14% -94.85% -178.57% 177.50% 127.95% 1,545.10% 530.75% 439.72% 569.70%
Net Income Growth		 -94.49% -106.59% -225.14% -133.33% -734.48% 42.42% 105.77% 657.61% 265.76% 1,868.42% 1,260.00%
EPS Growth		 -93.86% -107.17% -233.97% -134.88% -728.57% 43.75% 105.74% 640.00% 260.23% 1,822.22% 1,208.33%
Operating Cash Flow Growth		 -50.60% -51.82% -50.43% 21.11% -48.16% -32.67% -17.54% 99.08% -25.20% 30.77% 37.77%
Free Cash Flow Firm Growth		 -281.27% -199.33% 675.40% 850.74% 780.14% 3,789.39% 143.52% -44.43% -77.58% -90.35% -108.17%
Invested Capital Growth		 8.24% -1.30% -15.00% -32.57% -38.31% -35.94% -28.68% -18.49% -1.01% 9.58% 17.27%
Revenue Q/Q Growth		 -22.56% -7.27% -1.43% -13.87% -9.24% 6.95% 6.43% 14.02% 14.89% 7.24% -7.10%
EBITDA Q/Q Growth		 -50.85% -107.76% -1,000.00% 157.58% -64.91% 247.50% 43.88% 238.00% -32.25% 6.77% 1.23%
EBIT Q/Q Growth		 -71.88% -271.13% -95.18% 103.09% -460.00% 313.89% 77.92% 347.45% -35.73% 8.12% 1.41%
NOPAT Q/Q Growth		 -67.50% -197.45% -96.88% 108.25% -596.15% 196.12% -28.99% 385.75% 29.91% 20.44% -11.89%
Net Income Q/Q Growth		 -89.49% -213.79% -1,212.12% 78.75% -100.00% 89.67% 231.58% 1,952.00% -40.55% 10.16% 1.19%
EPS Q/Q Growth		 -89.15% -214.29% -1,206.25% 78.47% -95.56% 89.77% 233.33% 1,925.00% -41.98% 9.93% 1.29%
Operating Cash Flow Q/Q Growth		 36.11% 2.45% -9.16% -4.39% -41.74% 33.07% 11.24% 130.85% -78.11% 132.63% 17.19%
Free Cash Flow Firm Q/Q Growth		 -22.48% 82.25% 1,158.16% 226.36% 10.96% -3.72% -30.16% -25.52% -55.24% -58.55% -159.15%
Invested Capital Q/Q Growth		 -0.06% -6.77% -12.55% -17.24% -8.57% -3.19% -2.64% -5.42% 11.04% 7.17% 4.19%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 23.69% 13.04% 17.15% 18.98% 10.25% 23.28% 25.68% 31.80% 32.93% 34.92% 35.19%
EBITDA Margin		 11.40% -0.95% -10.65% 7.12% 2.75% 8.94% 12.08% 35.82% 21.13% 21.03% 22.92%
Operating Margin		 5.26% -8.48% -16.94% 1.62% -8.87% 7.97% 8.64% 16.64% 18.59% 20.99% 19.95%
EBIT Margin		 4.77% -8.80% -17.42% 0.62% -2.48% 4.95% 8.28% 32.49% 18.17% 18.32% 20.00%
Profit (Net Income) Margin		 1.43% -1.75% -23.28% -5.74% -12.65% -1.22% 1.51% 27.19% 14.07% 14.45% 15.74%
Tax Burden Percent		 107.41% 86.84% 108.25% 108.24% 125.17% 475.00% 43.10% 95.35% 96.52% 96.00% 95.77%
Interest Burden Percent		 27.84% 22.89% 123.46% -850.00% 408.33% -5.19% 42.34% 87.77% 80.20% 82.16% 82.18%
Effective Tax Rate		 -7.41% 0.00% 0.00% 0.00% 0.00% 0.00% 56.90% 4.65% 3.48% 4.00% 4.23%
Return on Invested Capital (ROIC)		 12.09% -11.51% -21.88% 1.95% -10.17% 9.19% 6.51% 33.05% 41.34% 50.36% 50.29%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.31% -9.87% -26.26% -0.32% -11.98% 7.11% 5.78% 37.80% 39.54% 47.52% 48.71%
Return on Net Nonoperating Assets (RNNOA)		 397.21% -1,688.75% 436.80% 2.88% 60.46% -31.56% -20.11% -126.21% -122.58% -153.13% -165.03%
Return on Equity (ROE)		 409.31% -1,700.26% 414.92% 4.83% 50.29% -22.37% -13.60% -93.16% -81.24% -102.77% -114.74%
Cash Return on Invested Capital (CROIC)		 21.42% 16.50% 16.09% 33.34% 37.65% 38.57% 36.68% 31.20% 29.34% 30.03% 32.41%
Operating Return on Assets (OROA)		 5.86% -9.54% -17.12% 0.56% -2.13% 4.27% 6.89% 27.83% 17.41% 19.49% 23.30%
Return on Assets (ROA)		 1.75% -1.90% -22.88% -5.14% -10.89% -1.05% 1.26% 23.29% 13.48% 15.37% 18.34%
Return on Common Equity (ROCE)		 409.31% -1,700.26% 414.92% 4.83% 50.29% -22.37% -13.60% -93.16% -81.24% -102.77% -114.74%
Return on Equity Simple (ROE_SIMPLE)		 -328.21% -131.49% 16.04% 0.00% 43.60% 40.13% 14.29% 0.00% -63.38% -109.27% -180.22%
Net Operating Profit after Tax (NOPAT)		 115 -112 -221 18 -90 87 62 299 389 468 413
NOPAT Margin		 5.65% -5.94% -11.85% 1.14% -6.21% 5.58% 3.72% 15.87% 17.94% 20.15% 19.11%
Net Nonoperating Expense Percent (NNEP)		 1.78% -1.65% 4.38% 2.27% 1.81% 2.09% 0.73% -4.76% 1.80% 2.84% 1.58%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - 2.25% - - - 10.18% 9.56%
Cost of Revenue to Revenue		 76.31% 86.96% 82.85% 81.02% 89.75% 76.72% 74.32% 68.20% 67.07% 65.08% 64.81%
SG&A Expenses to Revenue		 6.34% 6.62% 6.61% 7.12% 7.22% 6.95% 7.01% 6.94% 5.95% 5.98% 6.44%
R&D to Revenue		 11.50% 10.60% 10.27% 10.74% 11.76% 10.35% 9.91% 8.37% 8.35% 7.91% 8.33%
Operating Expenses to Revenue		 18.43% 21.52% 34.09% 17.35% 19.12% 15.31% 17.04% 15.16% 14.35% 13.94% 15.23%
Earnings before Interest and Taxes (EBIT)		 97 -166 -324 10 -36 77 137 613 394 426 432
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 232 -18 -198 114 40 139 200 676 458 489 495
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.98 1.10 1.55 1.68 1.95 2.68 3.09 3.31 3.15 2.30 2.11
Price to Earnings (P/E)		 8.99 16.62 0.00 0.00 0.00 0.00 0.00 64.73 27.74 15.68 12.03
Dividend Yield		 5.64% 5.63% 4.43% 4.68% 4.37% 3.38% 3.03% 2.71% 2.57% 3.23% 3.34%
Earnings Yield		 11.12% 6.02% 0.00% 0.00% 0.00% 0.00% 0.00% 1.54% 3.61% 6.38% 8.31%
Enterprise Value to Invested Capital (EV/IC)		 3.09 3.24 4.36 4.92 5.73 7.25 8.12 9.20 8.70 6.82 6.37
Enterprise Value to Revenue (EV/Rev)		 1.50 1.66 2.17 2.31 2.67 3.44 3.87 3.97 3.76 2.85 2.61
Enterprise Value to EBITDA (EV/EBITDA)		 8.29 12.81 37.39 131.16 0.00 234.02 49.17 24.65 18.53 12.58 10.53
Enterprise Value to EBIT (EV/EBIT)		 11.08 22.50 0.00 0.00 0.00 0.00 128.95 32.87 22.35 14.60 11.96
Enterprise Value to NOPAT (EV/NOPAT)		 10.93 21.20 0.00 0.00 0.00 0.00 211.17 76.41 30.57 18.21 14.23
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.27 13.67 20.19 18.10 22.02 29.96 34.53 28.32 30.81 24.44 22.11
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.97 19.52 24.88 11.89 11.61 14.67 18.42 26.50 29.51 23.75 21.21
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -17.80 -12.83 -5.93 -4.55 -3.33 -3.13 -3.00 -3.81 -4.37 -5.26 -6.21
Long-Term Debt to Equity		 -15.99 -11.47 -4.82 -4.49 -3.33 -3.13 -2.75 -3.48 -4.00 -4.82 -6.21
Financial Leverage		 38.53 171.16 -16.63 -8.90 -5.05 -4.44 -3.48 -3.34 -3.10 -3.22 -3.39
Leverage Ratio		 68.90 307.89 -29.35 -15.14 -7.70 -6.57 -5.21 -5.69 -5.05 -5.22 -5.39
Compound Leverage Factor		 19.18 70.48 -36.24 128.67 -31.44 0.34 -2.20 -4.99 -4.05 -4.29 -4.43
Debt to Total Capital		 105.95% 108.45% 120.27% 128.20% 142.94% 147.06% 149.95% 135.64% 129.71% 123.46% 119.20%
Short-Term Debt to Total Capital		 10.78% 11.44% 22.57% 1.48% 0.00% 0.00% 12.67% 11.45% 10.95% 10.41% 0.00%
Long-Term Debt to Total Capital		 95.17% 97.01% 97.70% 126.72% 142.94% 147.06% 137.28% 124.19% 118.76% 113.04% 119.20%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -5.95% -8.45% -20.27% -28.20% -42.94% -47.06% -49.95% -35.64% -29.71% -23.46% -19.20%
Debt to EBITDA		 3.27 4.97 12.21 41.93 -91.39 59.67 11.50 5.38 3.85 3.12 2.43
Net Debt to EBITDA		 2.87 4.34 10.64 35.88 -78.56 51.39 9.89 4.09 3.01 2.44 2.05
Long-Term Debt to EBITDA		 2.93 4.45 9.92 41.45 -91.39 59.67 10.53 4.92 3.53 2.85 2.43
Debt to NOPAT		 4.31 8.23 -1,063.93 -22.77 -14.00 -27.55 49.40 16.68 6.36 4.51 3.28
Net Debt to NOPAT		 3.79 7.18 -927.14 -19.49 -12.04 -23.72 42.47 12.68 4.97 3.53 2.76
Long-Term Debt to NOPAT		 3.87 7.36 -864.29 -22.51 -14.00 -27.55 45.23 15.27 5.82 4.13 3.28
Altman Z-Score		 0.80 0.52 0.31 0.27 0.10 0.32 0.33 0.93 1.07 1.00 1.17
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.19 1.13 0.99 1.12 1.07 1.04 0.85 1.08 1.14 1.23 1.36
Quick Ratio		 0.59 0.59 0.48 0.54 0.53 0.50 0.37 0.58 0.59 0.61 0.60
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -276 -49 519 1,692 1,878 1,808 1,263 940 421 174 -103
Operating Cash Flow to CapEx		 184.21% 325.97% 542.86% 0.00% 181.43% 241.43% 361.54% 1,009.30% 139.71% 311.27% 784.85%
Free Cash Flow to Firm to Interest Expense		 -3.89 0.00 6.65 16.75 16.62 21.52 15.40 11.47 4.95 2.08 -1.27
Operating Cash Flow to Interest Expense		 3.45 0.00 2.92 2.16 1.12 2.01 2.29 5.29 1.12 2.63 3.20
Operating Cash Flow Less CapEx to Interest Expense		 1.58 0.00 2.38 6.80 0.50 1.18 1.66 4.77 0.32 1.79 2.79
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.23 1.08 0.98 0.90 0.86 0.86 0.83 0.86 0.96 1.06 1.17
Accounts Receivable Turnover		 8.82 8.35 7.19 6.86 8.40 9.87 9.45 12.48 12.65 15.19 17.90
Inventory Turnover		 5.43 5.69 4.93 4.46 4.35 4.75 4.20 4.22 4.24 4.34 4.25
Fixed Asset Turnover		 4.80 4.31 4.26 3.74 3.54 3.44 3.69 3.95 4.47 4.96 5.25
Accounts Payable Turnover		 4.36 4.87 3.62 3.30 3.59 3.95 2.98 2.96 3.14 3.44 3.60
Days Sales Outstanding (DSO)		 41.38 43.69 50.74 53.21 43.43 36.97 38.62 29.25 28.86 24.03 20.39
Days Inventory Outstanding (DIO)		 67.22 64.14 74.03 81.83 83.85 76.84 86.82 86.57 86.05 84.06 85.96
Days Payable Outstanding (DPO)		 83.67 74.90 100.73 110.75 101.68 92.46 122.33 123.33 116.24 106.03 101.32
Cash Conversion Cycle (CCC)		 24.92 32.94 24.04 24.29 25.61 21.35 3.11 -7.50 -1.32 2.07 5.02
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,137 4,789 4,188 3,466 3,169 3,068 2,987 2,825 3,137 3,362 3,503
Invested Capital Turnover		 2.14 1.94 1.85 1.72 1.64 1.65 1.75 2.08 2.30 2.50 2.63
Increase / (Decrease) in Invested Capital		 391 -63 -739 -1,674 -1,968 -1,721 -1,201 -641 -32 294 516
Enterprise Value (EV)		 15,850 15,528 18,247 17,051 18,147 22,232 24,242 26,002 27,294 22,927 22,310
Market Capitalization		 10,362 10,269 13,055 12,386 13,276 17,350 19,366 21,686 22,857 18,486 17,978
Book Value per Share		 ($1.68) ($2.28) ($4.86) ($5.79) ($8.21) ($8.67) ($9.02) ($7.10) ($6.18) ($5.10) ($3.92)
Tangible Book Value per Share		 ($7.63) ($8.28) ($10.86) ($11.76) ($14.17) ($14.59) ($14.92) ($12.91) ($11.98) ($10.86) ($9.67)
Total Capital		 5,898 5,559 4,954 4,252 3,964 3,855 3,782 4,183 4,376 4,600 4,317
Total Debt		 6,249 6,029 5,958 5,451 5,666 5,669 5,671 5,674 5,676 5,679 5,146
Total Long-Term Debt		 5,613 5,393 4,840 5,388 5,666 5,669 5,192 5,195 5,197 5,200 5,146
Net Debt		 5,488 5,259 5,192 4,665 4,871 4,882 4,876 4,316 4,437 4,441 4,332
Capital Expenditures (CapEx)		 133 77 42 -469 70 70 52 43 68 71 33
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 477 222 310 -410 -632 -688 -763 -646 -313 -66 56
Debt-free Net Working Capital (DFNWC)		 1,238 992 1,076 376 163 99 32 712 926 1,172 870
Net Working Capital (NWC)		 602 356 -42 313 163 99 -447 233 447 693 870
Net Nonoperating Expense (NNE)		 86 -79 213 110 94 106 37 -214 84 132 73
Net Nonoperating Obligations (NNO)		 5,488 5,259 5,192 4,665 4,871 4,882 4,876 4,316 4,437 4,441 4,332
Total Depreciation and Amortization (D&A)		 135 148 126 104 76 62 63 63 64 63 63
Debt-free, Cash-free Net Working Capital to Revenue		 4.51% 2.37% 3.69% -5.55% -9.29% -10.63% -12.18% -9.86% -4.31% -0.82% 0.66%
Debt-free Net Working Capital to Revenue		 11.70% 10.61% 12.79% 5.09% 2.40% 1.53% 0.51% 10.87% 12.75% 14.59% 10.19%
Net Working Capital to Revenue		 5.69% 3.81% -0.50% 4.24% 2.40% 1.53% -7.13% 3.56% 6.15% 8.62% 10.19%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.14 ($0.16) ($2.09) ($0.45) ($0.88) ($0.09) $0.12 $2.45 $1.45 $1.58 $1.60
Adjusted Weighted Average Basic Shares Outstanding		 208M 206M 207M 207M 208M 209M 210M 209M 211M 212M 212M
Adjusted Diluted Earnings per Share		 $0.14 ($0.16) ($2.09) ($0.45) ($0.88) ($0.09) $0.12 $2.43 $1.41 $1.55 $1.57
Adjusted Weighted Average Diluted Shares Outstanding		 210M 206M 207M 207M 208M 209M 213M 212M 216M 217M 216M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 206.45M 206.48M 207.08M 207.39M 209.18M 209.51M 209.99M 420.39M 211.53M 211.71M 212.22M
Normalized Net Operating Profit after Tax (NOPAT)		 81 -55 3.50 13 -89 65 102 297 390 469 422
Normalized NOPAT Margin		 3.99% -2.93% 0.19% 0.79% -6.11% 4.19% 6.13% 15.72% 17.99% 20.19% 19.55%
Pre Tax Income Margin		 1.33% -2.01% -21.51% -5.31% -10.11% -0.26% 3.50% 28.51% 14.58% 15.05% 16.44%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.37 0.00 -4.15 0.10 -0.32 0.92 1.67 7.48 4.64 5.07 5.33
NOPAT to Interest Expense		 1.62 0.00 -2.83 0.18 -0.80 1.03 0.75 3.65 4.58 5.58 5.10
EBIT Less CapEx to Interest Expense		 -0.51 0.00 -4.69 4.74 -0.94 0.08 1.04 6.95 3.84 4.23 4.93
NOPAT Less CapEx to Interest Expense		 -0.25 0.00 -3.37 4.82 -1.42 0.20 0.12 3.13 3.78 4.73 4.69
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 52.43% 96.76% -365.84% -110.02% -78.17% -79.81% -215.93% 174.63% 71.24% 49.96% 39.76%
Augmented Payout Ratio		 207.12% 308.90% -921.12% -187.15% -78.17% -79.81% -215.93% 174.63% 71.24% 49.96% 39.76%

Key Financial Trends

In Q3 2025, Seagate delivered another solid quarter with operating revenue of $2.16 billion (up 30.5% YoY), gross profit of $760 million and net income of $340 million. Operating margins expanded to ~20%, while EPS rose 12% YoY to $1.60, and the dividend remained at $0.72/share.

  • Strong Revenue Growth: +30.5% YoY, driven by recovering enterprise and cloud storage demand.
  • Healthy Gross Margin: 35.2%, stable vs. Q2, showing pricing power and cost control.
  • Robust Operating Margin: ~20%, up from ~19% in Q2, reflecting improved leverage on higher volumes.
  • EPS & Dividend Consistency: EPS up 12.1% YoY; quarterly dividend steady at $0.72/share yields ~3.3%.
  • Improving Cash from Ops: $259 million, up from $221 million in Q2, underpinning core business strength.
  • Valuation Metrics: P/E ~12.0x and EV/EBITDA ~10.5x, roughly in line with peers.
  • Asset Efficiency: Invested Capital Turnover of 2.63x, up from 2.50x in Q2, aided by revenue gains.
  • ROIC: 50.3%, consistent with prior quarter, indicating solid returns on new investments.
  • Negative Free Cash Flow: FCFF of –$103 million in Q3 vs. +$174 million in Q2, due to higher working‐capital outflows.
  • High Leverage & Negative Equity: Net debt/EBITDA ~2.05x and shareholders’ equity remains negative on balance sheet.
07/05/25 08:11 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Seagate Technology's Financials

When does Seagate Technology's fiscal year end?

According to the most recent income statement we have on file, Seagate Technology's financial year ends in June. Their financial year 2024 ended on June 28, 2024.

How has Seagate Technology's net income changed over the last 9 years?

Seagate Technology's net income appears to be on a downward trend, with a most recent value of $335 million in 2024, falling from $1.74 billion in 2015. The previous period was -$529 million in 2023. See Seagate Technology's forecast for analyst expectations on what’s next for the company.

What is Seagate Technology's operating income?
Seagate Technology's total operating income in 2024 was $452 million, based on the following breakdown:
  • Total Gross Profit: $1.54 billion
  • Total Operating Expenses: $1.08 billion
How has Seagate Technology's revenue changed over the last 9 years?

Over the last 9 years, Seagate Technology's total revenue changed from $13.74 billion in 2015 to $6.55 billion in 2024, a change of -52.3%.

How much debt does Seagate Technology have?

Seagate Technology's total liabilities were at $9.23 billion at the end of 2024, a 5.4% increase from 2023, and a 35.2% increase since 2015.

How much cash does Seagate Technology have?

In the past 9 years, Seagate Technology's cash and equivalents has ranged from $615 million in 2022 to $2.54 billion in 2017, and is currently $1.36 billion as of their latest financial filing in 2024.

How has Seagate Technology's book value per share changed over the last 9 years?

Over the last 9 years, Seagate Technology's book value per share changed from 0.00 in 2015 to -7.10 in 2024, a change of -710.0%.


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This page (NASDAQ:STX) was last updated on 7/5/2025 by MarketBeat.com Staff
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