Seagate Technology (STX) Financials

$786.42 +15.41 (+2.00%)

Closing price 04:00 PM Eastern

Extended Trading

$776.62 -9.80 (-1.25%)

As of 08:00 PM Eastern

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2027
Period end date	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	6/27/2025	6/27/2025
Net Income / (Loss) Attributable to Common Shareholders	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469	1,469
Consolidated Net Income / (Loss)	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469	1,469
Net Income / (Loss) Continuing Operations	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469	1,469
Total Pre-Tax Income	274	815	1,418	1,372	1,032	1,348	1,679	-496	445	1,513	1,513
Total Operating Income	445	1,054	1,634	1,487	1,300	1,492	1,955	-342	452	1,890	1,890
Total Gross Profit	2,615	3,174	3,364	2,932	2,842	2,917	3,469	1,351	1,536	3,200	3,200
Total Revenue	11,160	10,771	11,184	10,390	10,509	10,681	11,661	7,384	6,551	9,097	9,097
Operating Revenue	11,160	10,771	11,184	10,390	10,509	10,681	11,661	7,384	6,551	9,097	9,097
Total Cost of Revenue	8,545	7,597	7,820	7,458	7,667	7,764	8,192	6,033	5,015	5,897	5,897
Operating Cost of Revenue	8,545	7,597	7,820	7,458	7,667	7,764	8,192	6,033	5,015	5,897	5,897
Total Operating Expenses	2,170	2,120	1,730	1,445	1,542	1,425	1,514	1,693	1,084	1,310	1,310
Selling, General & Admin Expense	635	606	562	453	473	502	559	491	460	561	561
Research & Development Expense	1,237	1,232	1,026	991	973	903	941	797	654	724	724
Amortization Expense	123	104	53	23	14	12	11	3.00	0.00	0.00	0.00
Restructuring Charge	175	178	89	-22	82	8.00	3.00	102	-30	25	25
Other Special Charges / (Income)	-	-	-	-	-	0.00	0.00	300	0.00	0.00	0.00
Total Other Income / (Expense), net	-171	-239	-216	-115	-268	-144	-276	-154	-7.00	-377	-377
Interest Expense	193	222	236	224	201	220	249	123	361	328	328
Interest & Investment Income	3.00	12	38	84	20	2.00	2.00	10	15	25	25
Other Income / (Expense), net	19	-29	-18	25	-87	74	-29	-41	339	-74	-74
Income Tax Expense	26	43	236	-640	28	34	30	33	110	44	44
Basic Earnings per Share	$0.83	$2.61	$4.10	$7.13	$3.83	$5.43	$7.50	($2.56)	$1.60	$6.93	$6.93
Weighted Average Basic Shares Outstanding	299M	296M	288M	282M	262M	242M	220M	207M	209M	212M	212M
Diluted Earnings per Share	$0.82	$2.58	$4.05	$7.06	$3.79	$5.36	$7.36	($2.56)	$1.58	$6.77	$6.77
Weighted Average Diluted Shares Outstanding	302M	299M	292M	285M	265M	245M	224M	207M	212M	217M	217M
Weighted Average Basic & Diluted Shares Outstanding	298.80M	295.80M	288.30M	282.20M	514.92M	455.21M	417.51M	207.39M	420.39M	212.68M	212.68M
Cash Dividends to Common per Share	$2.43	$2.52	$2.52	$2.52	$2.58	$2.66	$2.77	-	-	-	$2.86

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 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026	4/3/2026
Net Income / (Loss) Attributable to Common Shareholders	-184	-19	25	513	305	336	340	488	549	593	748
Consolidated Net Income / (Loss)	-184	-19	25	513	305	336	340	488	549	593	748
Net Income / (Loss) Continuing Operations	-184	-19	25	513	305	336	340	488	549	593	748
Total Pre-Tax Income	-147	-4.00	58	538	316	350	355	492	614	707	864
Total Operating Income	-129	124	143	314	403	488	431	568	694	843	998
Total Gross Profit	149	362	425	600	714	812	760	914	1,037	1,176	1,447
Total Revenue	1,454	1,555	1,655	1,887	2,168	2,325	2,160	2,444	2,629	2,825	3,112
Operating Revenue	1,454	1,555	1,655	1,887	2,168	2,325	2,160	2,444	2,629	2,825	3,112
Total Cost of Revenue	1,305	1,193	1,230	1,287	1,454	1,513	1,400	1,530	1,592	1,649	1,665
Operating Cost of Revenue	1,305	1,193	1,230	1,287	1,454	1,513	1,400	1,530	1,592	1,649	1,665
Total Operating Expenses	278	238	282	286	311	324	329	346	343	333	449
Selling, General & Admin Expense	105	108	116	131	129	139	139	154	144	143	143
Research & Development Expense	171	161	164	158	181	184	180	179	186	187	194
Restructuring Charge	2.00	-31	2.00	-3.00	1.00	1.00	10	13	13	3.00	7.00
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	-	-	-	105
Total Other Income / (Expense), net	-18	-128	-85	224	-87	-138	-76	-76	-80	-136	-134
Interest Expense	113	84	82	82	85	84	81	78	80	138	137
Interest & Investment Income	2.00	3.00	3.00	7.00	7.00	8.00	4.00	6.00	7.00	7.00	6.00
Other Income / (Expense), net	93	-47	-6.00	299	-9.00	-62	1.00	-4.00	-7.00	-5.00	-3.00
Income Tax Expense	37	15	33	25	11	14	15	4.00	65	114	116
Basic Earnings per Share	($0.88)	($0.09)	$0.12	$2.45	$1.45	$1.58	$1.60	$2.30	$2.58	$2.75	$3.38
Weighted Average Basic Shares Outstanding	208M	209M	210M	209M	211M	212M	212M	212M	213M	216M	221M
Diluted Earnings per Share	($0.88)	($0.09)	$0.12	$2.43	$1.41	$1.55	$1.57	$2.24	$2.43	$2.60	$3.27
Weighted Average Diluted Shares Outstanding	208M	209M	213M	212M	216M	217M	216M	217M	226M	228M	229M
Weighted Average Basic & Diluted Shares Outstanding	209.18M	209.51M	209.99M	420.39M	211.53M	211.71M	212.22M	212.68M	213.56M	218.07M	224.23M
Cash Dividends to Common per Share	$0.70	-	$0.70	-	$0.70	$0.72	$0.72	-	$0.72	$0.74	$0.74

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2027
Period end date	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	6/27/2025	6/27/2025
Net Change in Cash & Equivalents	-1,354	1,411	-686	394	-527	-513	-594	171	572	-467	-467
Net Cash From Operating Activities	1,680	1,916	2,113	1,761	1,714	1,626	1,657	942	918	1,083	1,083
Net Cash From Continuing Operating Activities	1,680	1,916	2,110	1,761	1,714	1,626	1,657	942	918	1,083	1,083
Net Income / (Loss) Continuing Operations	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469	1,469
Consolidated Net Income / (Loss)	248	772	1,182	2,012	1,004	1,314	1,649	-529	335	1,469	1,469
Depreciation Expense	815	749	598	541	379	397	451	513	264	251	251
Non-Cash Adjustments To Reconcile Net Income	155	206	98	2.00	219	59	209	-214	-190	276	276
Changes in Operating Assets and Liabilities, net	462	189	232	-794	112	-144	-652	1,172	509	-913	-913
Net Cash From Investing Activities	-1,211	-459	-1,588	846	-635	-466	-352	217	126	-276	-276
Net Cash From Continuing Investing Activities	-1,211	-459	-1,588	846	-635	-466	-352	217	126	-276	-276
Purchase of Property, Plant & Equipment	-587	-471	-372	-620	-643	-502	-399	-317	-254	-265	-265
Acquisitions	-634	-	-	-	-	-	-	0.00	0.00	-88	-88
Sale of Property, Plant & Equipment	0.00	0.00	71	154	8.00	33	47	534	54	52	52
Divestitures	-	-	-	-	-	-	0.00	0.00	326	25	25
Net Cash From Financing Activities	-1,820	-46	-1,211	-2,212	-1,605	-1,673	-1,899	-988	-473	-1,274	-1,274
Net Cash From Continuing Financing Activities	-1,820	-46	-1,211	-2,212	-1,605	-1,673	-1,899	-988	-473	-1,274	-1,274
Repayment of Debt	-26	-316	-214	-819	-1,139	-52	-707	-1,622	-1,416	-1,092	-1,092
Repurchase of Common Equity	-1,090	-460	-361	-963	-850	-2,047	-1,799	-408	0.00	0.00	0.00
Payment of Dividends	-727	-561	-726	-713	-673	-649	-610	-582	-585	-600	-600
Issuance of Debt	0.00	1,232	0.00	245	994	1,000	1,200	1,600	1,500	400	400
Issuance of Common Equity	79	86	113	69	103	108	68	68	66	72	72
Other Financing Activities, net	-56	-27	-23	-31	-40	-33	-51	-44	-38	-54	-54
Effect of Exchange Rate Changes	-3.00	-	-	-1.00	-	-	0.00	0.00	1.00	0.00	0.00
Cash Interest Paid	200	172	237	223	226	184	244	327	303	324	324
Cash Income Taxes Paid	40	33	43	39	51	44	33	32	30	42	42

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 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026	4/3/2026
Net Change in Cash & Equivalents	9.00	-8.00	8.00	563	-119	-1.00	-424	77	221	-66	99
Net Cash From Operating Activities	127	169	188	434	95	221	259	508	532	723	1,114
Net Cash From Continuing Operating Activities	127	169	188	434	95	221	259	508	532	723	1,114
Net Income / (Loss) Continuing Operations	-184	-19	25	513	305	336	340	488	549	593	748
Consolidated Net Income / (Loss)	-184	-19	25	513	305	336	340	488	549	593	748
Depreciation Expense	76	62	63	63	64	63	63	61	72	68	66
Non-Cash Adjustments To Reconcile Net Income	10	25	35	-260	46	107	56	67	52	124	168
Changes in Operating Assets and Liabilities, net	225	101	65	118	-320	-285	-200	-108	-141	-62	132
Net Cash From Investing Activities	-70	-35	-52	283	-68	-70	-8.00	-130	-90	-116	-163
Net Cash From Continuing Investing Activities	-70	-35	-52	283	-68	-70	-8.00	-130	-90	-116	-163
Purchase of Property, Plant & Equipment	-70	-70	-60	-54	-68	-71	-43	-83	-105	-116	-163
Net Cash From Financing Activities	-49	-142	-128	-154	-146	-152	-675	-301	-221	-673	-852
Net Cash From Continuing Financing Activities	-49	-142	-128	-154	-146	-152	-675	-301	-221	-673	-852
Repayment of Debt	-1,414	-2.00	-	-	0.00	-	-538	-554	-11	-504	-647
Repurchase of Common Equity	-	-	-	-	0.00	-	-	-	-29	-	-30
Payment of Dividends	-145	-146	-147	-147	-147	-148	-152	-153	-153	-154	-161
Issuance of Common Equity	35	9.00	22	-	29	3.00	24	16	22	5.00	27
Other Financing Activities, net	-25	-3.00	-3.00	-7.00	-28	-7.00	-9.00	-10	-50	-20	-41

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2027
Period end date	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	6/27/2025	6/27/2025
Total Assets	8,213	9,268	9,410	8,885	8,930	8,675	8,944	7,556	7,739	8,023	8,023
Total Current Assets	3,533	5,041	4,310	4,363	4,114	3,779	4,033	2,905	3,332	3,653	3,653
Cash & Equivalents	1,125	2,539	1,853	2,220	1,722	1,209	615	786	1,358	891	891
Accounts Receivable	1,318	1,199	1,184	989	1,115	1,158	1,532	621	429	959	959
Inventories, net	868	982	1,053	970	1,142	1,204	1,565	1,140	1,239	1,440	1,440
Other Current Assets	216	321	220	184	135	208	321	358	306	363	363
Plant, Property, & Equipment, net	2,160	1,875	1,792	1,869	2,129	2,181	2,239	1,706	1,614	1,657	1,657
Total Noncurrent Assets	2,520	2,352	3,308	2,653	2,687	2,715	2,672	2,945	2,793	2,713	2,713
Goodwill	1,237	1,238	1,237	1,237	1,237	1,237	1,237	1,237	1,219	1,221	1,221
Noncurrent Deferred & Refundable Income Taxes	616	609	417	1,114	1,120	1,117	1,132	1,117	1,037	1,066	1,066
Other Noncurrent Operating Assets	219	224	1,466	191	272	332	294	591	537	426	426
Total Liabilities & Shareholders' Equity	8,213	9,268	9,410	8,885	8,930	8,675	8,944	7,556	7,739	8,023	8,023
Total Liabilities	6,620	7,904	7,745	6,723	7,143	8,044	8,835	8,755	9,230	8,476	8,476
Total Current Liabilities	2,249	2,626	3,190	2,232	2,722	2,921	3,555	2,592	3,099	2,648	2,648
Short-Term Debt	-	0.00	499	0.00	19	245	584	63	479	0.00	0.00
Accounts Payable	1,517	1,626	1,728	1,420	1,808	1,725	2,058	1,603	1,786	1,604	1,604
Accrued Expenses	548	763	710	643	671	669	661	826	728	692	692
Current Employee Benefit Liabilities	184	237	253	169	224	282	252	100	106	352	352
Total Noncurrent Liabilities	4,371	5,278	4,555	4,491	4,421	5,123	5,280	6,163	6,131	5,828	5,828
Long-Term Debt	4,091	5,021	4,320	4,253	4,156	4,894	5,062	5,388	5,195	4,995	4,995
Other Noncurrent Operating Liabilities	266	242	225	234	265	229	218	775	936	833	833
Total Equity & Noncontrolling Interests	1,593	1,364	1,665	2,162	1,787	631	109	-1,199	-1,491	-453	-453
Total Preferred & Common Equity	1,593	1,364	1,665	2,162	1,787	631	109	-1,199	-1,491	-453	-453
Total Common Equity	1,593	1,364	1,665	2,162	1,787	631	109	-1,199	-1,491	-453	-453
Common Stock	5,929	6,152	6,377	6,545	6,757	6,977	7,190	7,373	7,471	7,706	7,706
Retained Earnings	-4,311	-4,771	-4,696	-4,349	-4,904	-6,305	-7,117	-8,670	-8,960	-8,151	-8,151
Accumulated Other Comprehensive Income / (Loss)	-25	-17	-16	-34	-66	-41	36	98	-2.00	-8.00	-8.00

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	6/30/2023	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	10/3/2025	1/2/2026	4/3/2026
Total Assets	7,556	7,196	7,149	7,096	7,739	7,972	7,959	7,564	8,442	8,708	8,892
Total Current Assets	2,905	2,636	2,628	2,615	3,332	3,608	3,662	3,282	4,032	4,209	4,299
Cash & Equivalents	786	795	787	795	1,358	1,239	1,238	814	1,112	1,046	1,146
Accounts Receivable	621	521	471	332	429	628	587	622	1,073	1,246	1,197
Inventories, net	1,140	1,052	1,053	1,191	1,239	1,383	1,473	1,472	1,496	1,498	1,530
Other Current Assets	358	268	317	297	306	358	364	374	351	419	426
Plant, Property, & Equipment, net	1,706	1,652	1,642	1,639	1,614	1,599	1,595	1,613	1,688	1,771	1,852
Total Noncurrent Assets	2,945	2,908	2,879	2,842	2,793	2,765	2,702	2,669	2,722	2,728	2,741
Goodwill	1,237	1,237	1,237	1,237	1,219	1,219	1,219	1,219	1,221	1,221	1,221
Noncurrent Deferred & Refundable Income Taxes	1,117	1,087	1,074	1,052	1,037	1,038	1,032	1,026	1,091	1,088	1,099
Other Noncurrent Operating Assets	591	584	568	553	537	508	451	424	410	419	421
Total Liabilities & Shareholders' Equity	7,556	7,196	7,149	7,096	7,739	7,972	7,959	7,564	8,442	8,708	8,892
Total Liabilities	8,755	8,898	8,963	8,985	9,230	9,272	9,038	8,393	8,505	8,249	7,797
Total Current Liabilities	2,592	2,473	2,529	3,062	3,099	3,161	2,969	2,412	4,117	3,761	3,241
Short-Term Debt	63	0.00	0.00	479	479	479	479	0.00	1,496	998	398
Accounts Payable	1,603	1,511	1,619	1,672	1,786	1,778	1,567	1,467	1,673	1,771	1,694
Accrued Expenses	826	874	824	836	728	756	719	703	736	739	841
Current Employee Benefit Liabilities	100	88	86	75	106	148	204	242	212	253	308
Total Noncurrent Liabilities	6,163	6,425	6,434	5,923	6,131	6,111	6,069	5,981	4,388	4,488	4,556
Long-Term Debt	5,388	5,666	5,669	5,192	5,195	5,197	5,200	5,146	3,498	3,501	3,465
Other Noncurrent Operating Liabilities	775	759	765	731	936	914	869	835	890	987	1,091
Total Equity & Noncontrolling Interests	-1,199	-1,702	-1,814	-1,889	-1,491	-1,300	-1,079	-829	-63	459	1,095
Total Preferred & Common Equity	-1,199	-1,702	-1,814	-1,889	-1,491	-1,300	-1,079	-829	-63	459	1,095
Total Common Equity	-1,199	-1,702	-1,814	-1,889	-1,491	-1,300	-1,079	-829	-63	459	1,095
Common Stock	7,373	7,338	7,377	7,433	7,471	7,533	7,577	7,648	7,780	7,890	8,021
Retained Earnings	-8,670	-9,025	-9,194	-9,319	-8,960	-8,831	-8,654	-8,476	-7,835	-7,423	-6,918
Accumulated Other Comprehensive Income / (Loss)	98	-15	3.00	-3.00	-2.00	-2.00	-2.00	-1.00	-8.00	-8.00	-8.00

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2027
Period end date	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	6/27/2025	6/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-18.77%	-3.49%	3.83%	-7.10%	1.15%	1.64%	9.18%	-36.68%	-11.28%	38.86%	0.00%
EBITDA Growth	-57.54%	38.70%	24.80%	-7.27%	-22.45%	23.30%	21.09%	-94.53%	711.54%	95.92%	0.00%
EBIT Growth	-78.63%	120.91%	57.66%	-6.44%	-19.78%	29.10%	22.99%	-119.89%	306.53%	129.58%	0.00%
NOPAT Growth	-77.87%	147.88%	36.42%	60.10%	-42.00%	14.99%	32.02%	-112.47%	242.13%	439.29%	0.00%
Net Income Growth	-85.76%	211.29%	53.11%	70.22%	-50.10%	30.88%	25.49%	-132.08%	163.33%	338.51%	0.00%
EPS Growth	-84.41%	214.63%	56.98%	74.32%	-46.32%	41.42%	37.31%	-134.78%	161.72%	328.48%	0.00%
Operating Cash Flow Growth	-36.60%	14.05%	10.28%	-16.66%	-2.67%	-5.13%	1.91%	-43.15%	-2.55%	17.97%	0.00%
Free Cash Flow Firm Growth	-56.13%	217.12%	-66.16%	353.45%	-53.39%	-7.08%	18.33%	6.97%	-31.60%	2.83%	0.00%
Invested Capital Growth	-2.88%	-15.53%	20.41%	-9.41%	1.07%	7.57%	12.69%	-32.57%	-18.49%	29.24%	0.00%
Revenue Q/Q Growth	-2.40%	-2.25%	3.99%	-4.27%	1.41%	4.87%	-3.20%	-12.20%	4.55%	6.52%	0.00%
EBITDA Q/Q Growth	-7.72%	2.78%	15.01%	-8.02%	-8.87%	21.77%	-7.29%	-73.36%	114.00%	-2.41%	0.00%
EBIT Q/Q Growth	-16.99%	7.56%	25.47%	-10.43%	-9.07%	28.57%	-9.87%	-697.92%	320.74%	-2.63%	0.00%
NOPAT Q/Q Growth	-14.13%	7.00%	31.87%	36.39%	-40.83%	17.68%	-6.69%	-4,175.00%	196.40%	17.05%	0.00%
Net Income Q/Q Growth	-21.27%	6.04%	41.56%	35.03%	-44.87%	31.66%	-11.11%	-228.57%	224.07%	-1.67%	0.00%
EPS Q/Q Growth	-22.64%	6.17%	41.61%	37.35%	-43.01%	34.00%	-8.68%	-212.20%	221.54%	-2.73%	0.00%
Operating Cash Flow Q/Q Growth	2.31%	-1.34%	11.92%	-1.12%	-3.38%	5.86%	-15.24%	4.20%	30.77%	7.33%	0.00%
Free Cash Flow Firm Q/Q Growth	48.12%	-1.65%	-63.61%	7,201.63%	-54.44%	2.58%	-13.18%	95.61%	-25.42%	-4.06%	0.00%
Invested Capital Q/Q Growth	-1.32%	0.87%	42.06%	-13.02%	-1.00%	3.33%	4.32%	-17.24%	-5.42%	4.23%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.43%	29.47%	30.08%	28.22%	27.04%	27.31%	29.75%	18.30%	23.45%	35.18%	35.18%
EBITDA Margin	11.46%	16.47%	19.80%	19.76%	15.15%	18.38%	20.38%	1.76%	16.10%	22.72%	22.72%
Operating Margin	3.99%	9.79%	14.61%	14.31%	12.37%	13.97%	16.77%	-4.63%	6.90%	20.78%	20.78%
EBIT Margin	4.16%	9.52%	14.45%	14.55%	11.54%	14.66%	16.52%	-5.19%	12.07%	19.96%	19.96%
Profit (Net Income) Margin	2.22%	7.17%	10.57%	19.36%	9.55%	12.30%	14.14%	-7.16%	5.11%	16.15%	16.15%
Tax Burden Percent	90.51%	94.72%	83.36%	146.65%	97.29%	97.48%	98.21%	106.65%	75.28%	97.09%	97.09%
Interest Burden Percent	59.05%	79.51%	87.75%	90.74%	85.08%	86.08%	87.18%	129.50%	56.26%	83.32%	83.32%
Effective Tax Rate	9.49%	5.28%	16.64%	-46.65%	2.71%	2.52%	1.79%	0.00%	24.72%	2.91%	2.91%
Return on Invested Capital (ROIC)	8.72%	23.77%	32.14%	49.41%	29.99%	33.05%	39.59%	-5.56%	10.82%	56.67%	50.26%
ROIC Less NNEP Spread (ROIC-NNEP)	2.03%	15.45%	25.53%	42.67%	18.36%	28.65%	33.54%	-11.54%	10.70%	47.98%	41.34%
Return on Net Nonoperating Assets (RNNOA)	2.04%	28.44%	45.91%	55.73%	20.86%	75.63%	406.09%	102.63%	-35.72%	-207.80%	-374.54%
Return on Equity (ROE)	10.76%	52.22%	78.05%	105.15%	50.85%	108.68%	445.68%	97.06%	-24.91%	-151.13%	-324.28%
Cash Return on Invested Capital (CROIC)	11.64%	40.61%	13.61%	59.29%	28.92%	25.76%	27.65%	33.34%	31.20%	31.16%	0.00%
Operating Return on Assets (OROA)	5.14%	11.73%	17.30%	16.53%	13.62%	17.79%	21.86%	-4.64%	10.34%	23.04%	22.63%
Return on Assets (ROA)	2.75%	8.83%	12.66%	22.00%	11.27%	14.93%	18.72%	-6.41%	4.38%	18.64%	18.31%
Return on Common Equity (ROCE)	10.76%	52.22%	78.05%	105.15%	50.85%	108.68%	445.68%	97.06%	-24.91%	-151.13%	-324.28%
Return on Equity Simple (ROE_SIMPLE)	15.57%	56.60%	70.99%	93.06%	56.18%	208.24%	1,512.84%	44.12%	-22.47%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	403	998	1,362	2,181	1,265	1,454	1,920	-239	340	1,835	1,835
NOPAT Margin	3.61%	9.27%	12.18%	20.99%	12.03%	13.62%	16.47%	-3.24%	5.19%	20.17%	20.17%
Net Nonoperating Expense Percent (NNEP)	6.69%	8.32%	6.61%	6.75%	11.62%	4.40%	6.05%	5.97%	0.12%	8.69%	8.92%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	40.40%	40.40%
Cost of Revenue to Revenue	76.57%	70.53%	69.92%	71.78%	72.96%	72.69%	70.25%	81.70%	76.55%	64.82%	64.82%
SG&A Expenses to Revenue	5.69%	5.63%	5.03%	4.36%	4.50%	4.70%	4.79%	6.65%	7.02%	6.17%	6.17%
R&D to Revenue	11.08%	11.44%	9.17%	9.54%	9.26%	8.45%	8.07%	10.79%	9.98%	7.96%	7.96%
Operating Expenses to Revenue	19.44%	19.68%	15.47%	13.91%	14.67%	13.34%	12.98%	22.93%	16.55%	14.40%	14.40%
Earnings before Interest and Taxes (EBIT)	464	1,025	1,616	1,512	1,213	1,566	1,926	-383	791	1,816	1,816
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,279	1,774	2,214	2,053	1,592	1,963	2,377	130	1,055	2,067	2,067
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.08	6.13	7.49	4.91	5.83	28.18	125.55	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	51.98	13.05	21.16	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.44	0.78	1.12	1.02	0.99	1.67	1.17	1.68	3.31	3.29	3.30
Price to Earnings (P/E)	19.79	10.84	10.55	5.28	10.37	13.53	8.30	0.00	64.73	20.37	20.43
Dividend Yield	14.78%	8.93%	5.80%	6.57%	6.36%	4.26%	4.35%	4.68%	2.71%	2.03%	2.02%
Earnings Yield	5.05%	9.23%	9.48%	18.94%	9.64%	7.39%	12.05%	0.00%	1.54%	4.91%	4.89%
Enterprise Value to Invested Capital (EV/IC)	1.73	2.82	3.33	3.02	3.03	4.76	3.64	4.92	9.20	9.32	9.35
Enterprise Value to Revenue (EV/Rev)	0.71	1.01	1.38	1.22	1.22	2.03	1.61	2.31	3.97	3.74	3.75
Enterprise Value to EBITDA (EV/EBITDA)	6.15	6.12	6.97	6.17	8.08	11.06	7.87	131.16	24.65	16.46	16.51
Enterprise Value to EBIT (EV/EBIT)	16.96	10.59	9.55	8.37	10.61	13.87	9.72	0.00	32.87	18.74	18.79
Enterprise Value to NOPAT (EV/NOPAT)	19.53	10.87	11.34	5.80	10.17	14.93	9.75	0.00	76.41	18.54	18.59
Enterprise Value to Operating Cash Flow (EV/OCF)	4.68	5.66	7.31	7.19	7.51	13.35	11.30	18.10	28.32	31.42	31.51
Enterprise Value to Free Cash Flow (EV/FCFF)	14.63	6.36	26.76	4.84	10.55	19.16	13.96	11.89	26.50	33.72	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.57	3.68	2.89	1.97	2.34	8.14	51.80	-4.55	-3.81	-11.03	-11.03
Long-Term Debt to Equity	2.57	3.68	2.59	1.97	2.33	7.76	46.44	-4.49	-3.48	-11.03	-11.03
Financial Leverage	1.00	1.84	1.80	1.31	1.14	2.64	12.11	-8.90	-3.34	-4.33	-9.06
Leverage Ratio	3.92	5.91	6.17	4.78	4.51	7.28	23.81	-15.14	-5.69	-8.11	-17.71
Compound Leverage Factor	2.31	4.70	5.41	4.34	3.84	6.27	20.76	-19.60	-3.20	-6.76	-14.76
Debt to Total Capital	71.97%	78.64%	74.32%	66.30%	70.03%	89.06%	98.11%	128.20%	135.64%	109.97%	109.97%
Short-Term Debt to Total Capital	0.00%	0.00%	7.70%	0.00%	0.32%	4.25%	10.15%	1.48%	11.45%	0.00%	0.00%
Long-Term Debt to Total Capital	71.97%	78.64%	66.63%	66.30%	69.71%	84.82%	87.96%	126.72%	124.19%	109.97%	109.97%
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	28.03%	21.36%	25.68%	33.70%	29.97%	10.94%	1.89%	-28.20%	-35.64%	-9.97%	-9.97%
Debt to EBITDA	3.20	2.83	2.18	2.07	2.62	2.62	2.38	41.93	5.38	2.42	2.42
Net Debt to EBITDA	2.31	1.40	1.34	0.99	1.54	2.00	2.12	35.88	4.09	1.99	1.99
Long-Term Debt to EBITDA	3.20	2.83	1.95	2.07	2.61	2.49	2.13	41.45	4.92	2.42	2.42
Debt to NOPAT	10.16	5.03	3.54	1.95	3.30	3.53	2.94	-22.77	16.68	2.72	2.72
Net Debt to NOPAT	7.35	2.49	2.18	0.93	1.94	2.70	2.62	-19.49	12.68	2.24	2.24
Long-Term Debt to NOPAT	10.16	5.03	3.17	1.95	3.29	3.37	2.64	-22.51	15.27	2.72	2.72
Altman Z-Score	1.44	1.75	2.17	2.28	1.92	2.25	1.89	0.10	1.01	2.73	2.73
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	1.57	1.92	1.35	1.95	1.51	1.29	1.13	1.12	1.08	1.38	1.38
Quick Ratio	1.09	1.42	0.95	1.44	1.04	0.81	0.60	0.54	0.58	0.70	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	538	1,705	577	2,617	1,220	1,133	1,341	1,435	981	1,009	0.00
Operating Cash Flow to CapEx	286.20%	406.79%	701.99%	377.90%	269.92%	346.70%	470.74%	0.00%	459.00%	508.45%	508.45%
Free Cash Flow to Firm to Interest Expense	2.79	7.68	2.45	11.68	6.07	5.15	5.39	11.66	2.72	3.08	0.00
Operating Cash Flow to Interest Expense	8.70	8.63	8.95	7.86	8.53	7.39	6.65	7.66	2.54	3.30	3.30
Operating Cash Flow Less CapEx to Interest Expense	5.66	6.51	7.68	5.78	5.37	5.26	5.24	9.42	1.99	2.65	2.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.24	1.23	1.20	1.14	1.18	1.21	1.32	0.90	0.86	1.15	1.13
Accounts Receivable Turnover	7.31	8.56	9.39	9.56	9.99	9.40	8.67	6.86	12.48	13.11	9.49
Inventory Turnover	9.18	8.21	7.69	7.37	7.26	6.62	5.92	4.46	4.22	4.40	4.10
Fixed Asset Turnover	5.03	5.34	6.10	5.68	5.26	4.96	5.28	3.74	3.95	5.56	5.49
Accounts Payable Turnover	5.59	4.83	4.66	4.74	4.75	4.40	4.33	3.30	2.96	3.48	3.68
Days Sales Outstanding (DSO)	49.93	42.65	38.89	38.17	36.54	38.84	42.10	53.21	29.25	27.85	38.48
Days Inventory Outstanding (DIO)	39.75	44.44	47.49	49.50	50.27	55.14	61.69	81.83	86.57	82.91	89.13
Days Payable Outstanding (DPO)	65.29	75.50	78.27	77.03	76.84	83.05	84.28	110.75	123.33	104.91	99.28
Cash Conversion Cycle (CCC)	24.38	11.59	8.10	10.64	9.97	10.94	19.51	24.29	-7.50	5.84	28.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,553	3,846	4,631	4,195	4,240	4,561	5,140	3,466	2,825	3,651	3,651
Invested Capital Turnover	2.42	2.56	2.64	2.35	2.49	2.43	2.40	1.72	2.08	2.81	2.49
Increase / (Decrease) in Invested Capital	-135	-707	785	-436	45	321	579	-1,674	-641	826	0.00
Enterprise Value (EV)	7,867	10,850	15,440	12,658	12,866	21,715	18,716	17,051	26,002	34,026	34,120
Market Capitalization	4,907	8,368	12,474	10,625	10,413	17,785	13,685	12,386	21,686	29,922	30,016
Book Value per Share	$5.34	$4.60	$5.80	$7.81	$6.96	$2.76	$0.51	($5.79)	($7.10)	($2.13)	($2.13)
Tangible Book Value per Share	($0.31)	($0.52)	$0.84	$2.94	$1.92	($2.77)	($5.29)	($11.76)	($12.91)	($7.89)	($7.89)
Total Capital	5,684	6,385	6,484	6,415	5,962	5,770	5,755	4,252	4,183	4,542	4,542
Total Debt	4,091	5,021	4,819	4,253	4,175	5,139	5,646	5,451	5,674	4,995	4,995
Total Long-Term Debt	4,091	5,021	4,320	4,253	4,156	4,894	5,062	5,388	5,195	4,995	4,995
Net Debt	2,960	2,482	2,966	2,033	2,453	3,930	5,031	4,665	4,316	4,104	4,104
Capital Expenditures (CapEx)	587	471	301	466	635	469	352	-217	200	213	213
Debt-free, Cash-free Net Working Capital (DFCFNWC)	153	-124	-234	-89	-311	-106	447	-410	-646	114	114
Debt-free Net Working Capital (DFNWC)	1,284	2,415	1,619	2,131	1,411	1,103	1,062	376	712	1,005	1,005
Net Working Capital (NWC)	1,284	2,415	1,120	2,131	1,392	858	478	313	233	1,005	1,005
Net Nonoperating Expense (NNE)	155	226	180	169	261	140	271	290	5.27	366	366
Net Nonoperating Obligations (NNO)	2,960	2,482	2,966	2,033	2,453	3,930	5,031	4,665	4,316	4,104	4,104
Total Depreciation and Amortization (D&A)	815	749	598	541	379	397	451	513	264	251	251
Debt-free, Cash-free Net Working Capital to Revenue	1.37%	-1.15%	-2.09%	-0.86%	-2.96%	-0.99%	3.83%	-5.55%	-9.86%	1.25%	1.25%
Debt-free Net Working Capital to Revenue	11.51%	22.42%	14.48%	20.51%	13.43%	10.33%	9.11%	5.09%	10.87%	11.05%	11.05%
Net Working Capital to Revenue	11.51%	22.42%	10.01%	20.51%	13.25%	8.03%	4.10%	4.24%	3.56%	11.05%	11.05%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.83	$2.61	$4.10	$7.13	$3.83	$5.43	$7.50	($2.56)	$1.60	$6.93	$6.93
Adjusted Weighted Average Basic Shares Outstanding	299M	296M	288M	282M	262M	242M	220M	207M	209M	212M	212M
Adjusted Diluted Earnings per Share	$0.82	$2.58	$4.05	$7.06	$3.79	$5.36	$7.36	($2.56)	$1.58	$6.77	$6.77
Adjusted Weighted Average Diluted Shares Outstanding	302M	299M	292M	285M	265M	245M	224M	207M	212M	217M	217M
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	298.61M	291.81M	287.18M	269.04M	514.92M	455.21M	417.51M	207.39M	420.39M	212.68M	212.68M
Normalized Net Operating Profit after Tax (NOPAT)	561	1,167	1,436	1,026	1,345	1,462	1,923	42	318	1,859	1,859
Normalized NOPAT Margin	5.03%	10.83%	12.84%	9.87%	12.79%	13.69%	16.49%	0.57%	4.85%	20.44%	20.44%
Pre Tax Income Margin	2.46%	7.57%	12.68%	13.21%	9.82%	12.62%	14.40%	-6.72%	6.79%	16.63%	16.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.40	4.62	6.85	6.75	6.03	7.12	7.73	-3.11	2.19	5.54	5.54
NOPAT to Interest Expense	2.09	4.50	5.77	9.74	6.29	6.61	7.71	-1.95	0.94	5.59	5.59
EBIT Less CapEx to Interest Expense	-0.64	2.50	5.57	4.67	2.88	4.99	6.32	-1.35	1.64	4.89	4.89
NOPAT Less CapEx to Interest Expense	-0.95	2.38	4.50	7.65	3.13	4.48	6.30	-0.18	0.39	4.95	4.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	293.15%	72.67%	61.42%	35.44%	67.03%	49.39%	36.99%	-110.02%	174.63%	40.84%	40.84%
Augmented Payout Ratio	732.66%	132.25%	91.96%	83.30%	151.69%	205.18%	146.09%	-187.15%	174.63%	40.84%	40.84%

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

Metric	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026
Period end date	9/29/2023	12/29/2023	3/29/2024	6/28/2024	9/27/2024	12/27/2024	3/28/2025	6/27/2025	10/3/2025	1/2/2026	4/3/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	218,073,067.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	218,073,067.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	3.43
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-28.55%	-17.59%	-11.02%	17.79%	49.11%	49.52%	30.51%	29.52%	21.26%	21.51%	44.07%
EBITDA Growth	-82.76%	872.22%	201.01%	492.98%	1,045.00%	251.80%	147.50%	-7.54%	65.72%	85.28%	114.34%
EBIT Growth	-137.11%	146.39%	142.28%	6,030.00%	1,194.44%	453.25%	215.33%	-7.99%	74.37%	96.71%	130.32%
NOPAT Growth	-178.57%	177.50%	127.95%	1,545.10%	530.75%	439.72%	569.70%	88.16%	59.53%	50.93%	109.31%
Net Income Growth	-734.48%	42.42%	105.77%	657.61%	265.76%	1,868.42%	1,260.00%	-4.87%	80.00%	76.49%	120.00%
EPS Growth	-728.57%	43.75%	105.74%	640.00%	260.23%	1,822.22%	1,208.33%	-7.82%	72.34%	67.74%	108.28%
Operating Cash Flow Growth	-48.16%	-32.67%	-17.54%	99.08%	-25.20%	30.77%	37.77%	17.05%	460.00%	227.15%	330.12%
Free Cash Flow Firm Growth	780.14%	3,789.39%	143.52%	-44.43%	-77.58%	-90.35%	-108.17%	-127.93%	-114.60%	-9.98%	637.74%
Invested Capital Growth	-38.31%	-35.94%	-28.68%	-18.49%	-1.01%	9.58%	17.27%	29.24%	21.74%	16.36%	8.82%
Revenue Q/Q Growth	-9.24%	6.95%	6.43%	14.02%	14.89%	7.24%	-7.10%	13.15%	0.00%	7.46%	10.16%
EBITDA Q/Q Growth	-64.91%	247.50%	43.88%	238.00%	-32.25%	6.77%	1.23%	26.26%	0.00%	19.37%	17.11%
EBIT Q/Q Growth	-460.00%	313.89%	77.92%	347.45%	-35.73%	8.12%	1.41%	30.56%	0.00%	21.98%	18.74%
NOPAT Q/Q Growth	-596.15%	196.12%	-28.99%	385.75%	29.91%	20.44%	-11.89%	36.48%	0.00%	13.95%	22.20%
Net Income Q/Q Growth	-100.00%	89.67%	231.58%	1,952.00%	-40.55%	10.16%	1.19%	43.53%	0.00%	8.01%	26.14%
EPS Q/Q Growth	-95.56%	89.77%	233.33%	1,925.00%	-41.98%	9.93%	1.29%	42.68%	0.00%	7.00%	25.77%
Operating Cash Flow Q/Q Growth	-41.74%	33.07%	11.24%	130.85%	-78.11%	132.63%	17.19%	96.14%	0.00%	35.90%	54.08%
Free Cash Flow Firm Q/Q Growth	10.96%	-3.72%	-30.16%	-25.52%	-55.24%	-58.55%	-159.15%	-154.45%	0.00%	355.53%	253.35%
Invested Capital Q/Q Growth	-8.57%	-3.19%	-2.64%	-5.42%	11.04%	7.17%	4.19%	4.23%	0.00%	2.44%	-2.56%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.25%	23.28%	25.68%	31.80%	32.93%	34.92%	35.19%	37.40%	39.44%	41.63%	46.50%
EBITDA Margin	2.75%	8.94%	12.08%	35.82%	21.13%	21.03%	22.92%	25.57%	28.87%	32.07%	34.09%
Operating Margin	-8.87%	7.97%	8.64%	16.64%	18.59%	20.99%	19.95%	23.24%	26.40%	29.84%	32.07%
EBIT Margin	-2.48%	4.95%	8.28%	32.49%	18.17%	18.32%	20.00%	23.08%	26.13%	29.66%	31.97%
Profit (Net Income) Margin	-12.65%	-1.22%	1.51%	27.19%	14.07%	14.45%	15.74%	19.97%	20.88%	20.99%	24.04%
Tax Burden Percent	125.17%	475.00%	43.10%	95.35%	96.52%	96.00%	95.77%	99.19%	89.41%	83.88%	86.57%
Interest Burden Percent	408.33%	-5.19%	42.34%	87.77%	80.20%	82.16%	82.18%	87.23%	89.37%	84.37%	86.83%
Effective Tax Rate	0.00%	0.00%	56.90%	4.65%	3.48%	4.00%	4.23%	0.81%	10.59%	16.12%	13.43%
Return on Invested Capital (ROIC)	-10.17%	9.19%	6.51%	33.05%	41.34%	50.36%	50.29%	64.76%	0.00%	69.22%	83.58%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.98%	7.11%	5.78%	37.80%	39.54%	47.52%	48.71%	62.97%	0.00%	66.33%	80.28%
Return on Net Nonoperating Assets (RNNOA)	60.46%	-31.56%	-20.11%	-126.21%	-122.58%	-153.13%	-165.03%	-272.75%	0.00%	-844.49%	2,127.54%
Return on Equity (ROE)	50.29%	-22.37%	-13.60%	-93.16%	-81.24%	-102.77%	-114.74%	-207.99%	0.00%	-775.27%	2,211.12%
Cash Return on Invested Capital (CROIC)	37.65%	38.57%	36.68%	31.20%	29.34%	30.03%	32.41%	31.16%	-19.61%	48.24%	66.92%
Operating Return on Assets (OROA)	-2.13%	4.27%	6.89%	27.83%	17.41%	19.49%	23.30%	26.64%	0.00%	35.80%	42.78%
Return on Assets (ROA)	-10.89%	-1.05%	1.26%	23.29%	13.48%	15.37%	18.34%	23.05%	0.00%	25.34%	32.16%
Return on Common Equity (ROCE)	50.29%	-22.37%	-13.60%	-93.16%	-81.24%	-102.77%	-114.74%	-207.99%	0.00%	-775.27%	2,211.12%
Return on Equity Simple (ROE_SIMPLE)	43.60%	40.13%	14.29%	0.00%	-63.38%	-109.27%	-180.22%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-90	87	62	299	389	468	413	563	621	707	864
NOPAT Margin	-6.21%	5.58%	3.72%	15.87%	17.94%	20.15%	19.11%	23.05%	23.60%	25.03%	27.76%
Net Nonoperating Expense Percent (NNEP)	1.81%	2.09%	0.73%	-4.76%	1.80%	2.84%	1.58%	1.79%	1.72%	2.89%	3.29%
Return On Investment Capital (ROIC_SIMPLE)	-	2.25%	-	-	-	10.18%	9.56%	12.40%	12.58%	14.26%	17.43%
Cost of Revenue to Revenue	89.75%	76.72%	74.32%	68.20%	67.07%	65.08%	64.81%	62.60%	60.56%	58.37%	53.50%
SG&A Expenses to Revenue	7.22%	6.95%	7.01%	6.94%	5.95%	5.98%	6.44%	6.30%	5.48%	5.06%	4.60%
R&D to Revenue	11.76%	10.35%	9.91%	8.37%	8.35%	7.91%	8.33%	7.32%	7.07%	6.62%	6.23%
Operating Expenses to Revenue	19.12%	15.31%	17.04%	15.16%	14.35%	13.94%	15.23%	14.16%	13.05%	11.79%	14.43%
Earnings before Interest and Taxes (EBIT)	-36	77	137	613	394	426	432	564	687	838	995
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	40	139	200	676	458	489	495	625	759	906	1,061
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	133.78	85.51
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)	1.95	2.68	3.09	3.31	3.15	2.30	2.11	3.29	0.00	6.11	8.50
Price to Earnings (P/E)	0.00	0.00	0.00	64.73	27.74	15.68	12.03	20.37	0.00	31.17	39.37
Dividend Yield	4.37%	3.38%	3.03%	2.71%	2.57%	3.23%	3.34%	2.03%	1.14%	1.01%	0.68%
Earnings Yield	0.00%	0.00%	0.00%	1.54%	3.61%	6.38%	8.31%	4.91%	0.00%	3.21%	2.54%
Enterprise Value to Invested Capital (EV/IC)	5.73	7.25	8.12	9.20	8.70	6.82	6.37	9.32	15.09	16.58	25.28
Enterprise Value to Revenue (EV/Rev)	2.67	3.44	3.87	3.97	3.76	2.85	2.61	3.74	0.00	6.45	8.75
Enterprise Value to EBITDA (EV/EBITDA)	0.00	234.02	49.17	24.65	18.53	12.58	10.53	16.46	0.00	23.29	28.75
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	128.95	32.87	22.35	14.60	11.96	18.74	0.00	25.73	31.24
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	211.17	76.41	30.57	18.21	14.23	18.54	0.00	28.15	34.95
Enterprise Value to Operating Cash Flow (EV/OCF)	22.02	29.96	34.53	28.32	30.81	24.44	22.11	31.42	0.00	32.08	33.49
Enterprise Value to Free Cash Flow (EV/FCFF)	11.61	14.67	18.42	26.50	29.51	23.75	21.21	33.72	0.00	36.97	39.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.33	-3.13	-3.00	-3.81	-4.37	-5.26	-6.21	-11.03	-79.27	9.80	3.53
Long-Term Debt to Equity	-3.33	-3.13	-2.75	-3.48	-4.00	-4.82	-6.21	-11.03	-55.52	7.63	3.16
Financial Leverage	-5.05	-4.44	-3.48	-3.34	-3.10	-3.22	-3.39	-4.33	-6.10	-12.73	26.50
Leverage Ratio	-7.70	-6.57	-5.21	-5.69	-5.05	-5.22	-5.39	-8.11	-12.04	-26.88	61.86
Compound Leverage Factor	-31.44	0.34	-2.20	-4.99	-4.05	-4.29	-4.43	-7.07	-10.76	-22.68	53.72
Debt to Total Capital	142.94%	147.06%	149.95%	135.64%	129.71%	123.46%	119.20%	109.97%	101.28%	90.74%	77.91%
Short-Term Debt to Total Capital	0.00%	0.00%	12.67%	11.45%	10.95%	10.41%	0.00%	0.00%	30.34%	20.13%	8.03%
Long-Term Debt to Total Capital	142.94%	147.06%	137.28%	124.19%	118.76%	113.04%	119.20%	109.97%	70.94%	70.61%	69.89%
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	-42.94%	-47.06%	-49.95%	-35.64%	-29.71%	-23.46%	-19.20%	-9.97%	-1.28%	9.26%	22.09%
Debt to EBITDA	-91.39	59.67	11.50	5.38	3.85	3.12	2.43	2.42	0.00	1.62	1.15
Net Debt to EBITDA	-78.56	51.39	9.89	4.09	3.01	2.44	2.05	1.99	0.00	1.24	0.81
Long-Term Debt to EBITDA	-91.39	59.67	10.53	4.92	3.53	2.85	2.43	2.42	0.00	1.26	1.03
Debt to NOPAT	-14.00	-27.55	49.40	16.68	6.36	4.51	3.28	2.72	0.00	1.95	1.40
Net Debt to NOPAT	-12.04	-23.72	42.47	12.68	4.97	3.53	2.76	2.24	0.00	1.50	0.99
Long-Term Debt to NOPAT	-14.00	-27.55	45.23	15.27	5.82	4.13	3.28	2.72	0.00	1.52	1.26
Altman Z-Score	0.10	0.32	0.33	0.93	1.07	1.00	1.17	2.21	2.75	4.81	7.87
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	1.07	1.04	0.85	1.08	1.14	1.23	1.36	1.38	0.98	1.12	1.33
Quick Ratio	0.53	0.50	0.37	0.58	0.59	0.61	0.60	0.70	0.53	0.61	0.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,878	1,808	1,263	940	421	174	-103	-263	-61	157	555
Operating Cash Flow to CapEx	181.43%	241.43%	361.54%	1,009.30%	139.71%	311.27%	784.85%	1,209.52%	506.67%	623.28%	683.44%
Free Cash Flow to Firm to Interest Expense	16.62	21.52	15.40	11.47	4.95	2.08	-1.27	-3.37	-0.77	1.14	4.05
Operating Cash Flow to Interest Expense	1.12	2.01	2.29	5.29	1.12	2.63	3.20	6.51	6.65	5.24	8.13
Operating Cash Flow Less CapEx to Interest Expense	0.50	1.18	1.66	4.77	0.32	1.79	2.79	5.97	5.34	4.40	6.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.86	0.86	0.83	0.86	0.96	1.06	1.17	1.15	0.00	1.21	1.34
Accounts Receivable Turnover	8.40	9.87	9.45	12.48	12.65	15.19	17.90	13.11	0.00	10.97	12.11
Inventory Turnover	4.35	4.75	4.20	4.22	4.24	4.34	4.25	4.40	0.00	4.15	4.29
Fixed Asset Turnover	3.54	3.44	3.69	3.95	4.47	4.96	5.25	5.56	0.00	5.98	6.36
Accounts Payable Turnover	3.59	3.95	2.98	2.96	3.14	3.44	3.60	3.48	0.00	3.70	4.07
Days Sales Outstanding (DSO)	43.43	36.97	38.62	29.25	28.86	24.03	20.39	27.85	0.00	33.26	30.15
Days Inventory Outstanding (DIO)	83.85	76.84	86.82	86.57	86.05	84.06	85.96	82.91	0.00	87.86	85.13
Days Payable Outstanding (DPO)	101.68	92.46	122.33	123.33	116.24	106.03	101.32	104.91	0.00	98.72	89.63
Cash Conversion Cycle (CCC)	25.61	21.35	3.11	-7.50	-1.32	2.07	5.02	5.84	0.00	22.41	25.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,169	3,068	2,987	2,825	3,137	3,362	3,503	3,651	3,819	3,912	3,812
Invested Capital Turnover	1.64	1.65	1.75	2.08	2.30	2.50	2.63	2.81	0.00	2.77	3.01
Increase / (Decrease) in Invested Capital	-1,968	-1,721	-1,201	-641	-32	294	516	826	682	550	309
Enterprise Value (EV)	18,147	22,232	24,242	26,002	27,294	22,927	22,310	34,026	57,645	64,859	96,349
Market Capitalization	13,276	17,350	19,366	21,686	22,857	18,486	17,978	29,922	53,763	61,406	93,632
Book Value per Share	($8.21)	($8.67)	($9.02)	($7.10)	($6.18)	($5.10)	($3.92)	($2.13)	($0.30)	$2.15	$5.02
Tangible Book Value per Share	($14.17)	($14.59)	($14.92)	($12.91)	($11.98)	($10.86)	($9.67)	($7.89)	($6.04)	($3.57)	($0.58)
Total Capital	3,964	3,855	3,782	4,183	4,376	4,600	4,317	4,542	4,931	4,958	4,958
Total Debt	5,666	5,669	5,671	5,674	5,676	5,679	5,146	4,995	4,994	4,499	3,863
Total Long-Term Debt	5,666	5,669	5,192	5,195	5,197	5,200	5,146	4,995	3,498	3,501	3,465
Net Debt	4,871	4,882	4,876	4,316	4,437	4,441	4,332	4,104	3,882	3,453	2,717
Capital Expenditures (CapEx)	70	70	52	43	68	71	33	42	105	116	163
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-632	-688	-763	-646	-313	-66	56	114	299	400	310
Debt-free Net Working Capital (DFNWC)	163	99	32	712	926	1,172	870	1,005	1,411	1,446	1,456
Net Working Capital (NWC)	163	99	-447	233	447	693	870	1,005	-85	448	1,058
Net Nonoperating Expense (NNE)	94	106	37	-214	84	132	73	75	72	114	116
Net Nonoperating Obligations (NNO)	4,871	4,882	4,876	4,316	4,437	4,441	4,332	4,104	3,882	3,453	2,717
Total Depreciation and Amortization (D&A)	76	62	63	63	64	63	63	61	72	68	66
Debt-free, Cash-free Net Working Capital to Revenue	-9.29%	-10.63%	-12.18%	-9.86%	-4.31%	-0.82%	0.66%	1.25%	0.00%	3.98%	2.82%
Debt-free Net Working Capital to Revenue	2.40%	1.53%	0.51%	10.87%	12.75%	14.59%	10.19%	11.05%	0.00%	14.38%	13.22%
Net Working Capital to Revenue	2.40%	1.53%	-7.13%	3.56%	6.15%	8.62%	10.19%	11.05%	0.00%	4.45%	9.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.88)	($0.09)	$0.12	$2.45	$1.45	$1.58	$1.60	$2.30	$0.00	$2.75	$3.38
Adjusted Weighted Average Basic Shares Outstanding	208M	209M	210M	209M	211M	212M	212M	212M	0.00	216M	221M
Adjusted Diluted Earnings per Share	($0.88)	($0.09)	$0.12	$2.43	$1.41	$1.55	$1.57	$2.24	$0.00	$2.60	$3.27
Adjusted Weighted Average Diluted Shares Outstanding	208M	209M	213M	212M	216M	217M	216M	217M	0.00	228M	229M
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	209.18M	209.51M	209.99M	420.39M	211.53M	211.71M	212.22M	212.68M	0.00	218.07M	224.23M
Normalized Net Operating Profit after Tax (NOPAT)	-89	65	102	297	390	469	422	576	632	710	961
Normalized NOPAT Margin	-6.11%	4.19%	6.13%	15.72%	17.99%	20.19%	19.55%	23.58%	24.05%	25.12%	30.88%
Pre Tax Income Margin	-10.11%	-0.26%	3.50%	28.51%	14.58%	15.05%	16.44%	20.13%	23.35%	25.03%	27.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.32	0.92	1.67	7.48	4.64	5.07	5.33	7.23	8.59	6.07	7.26
NOPAT to Interest Expense	-0.80	1.03	0.75	3.65	4.58	5.58	5.10	7.22	7.76	5.12	6.31
EBIT Less CapEx to Interest Expense	-0.94	0.08	1.04	6.95	3.84	4.23	4.93	6.69	7.28	5.23	6.07
NOPAT Less CapEx to Interest Expense	-1.42	0.20	0.12	3.13	3.78	4.73	4.69	6.68	6.44	4.28	5.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-78.17%	-79.81%	-215.93%	174.63%	71.24%	49.96%	39.76%	40.84%	0.00%	31.07%	26.11%
Augmented Payout Ratio	-78.17%	-79.81%	-215.93%	174.63%	71.24%	49.96%	39.76%	40.84%	0.00%	32.54%	28.60%

Financials Breakdown Chart

Key Financial Trends

Here are key trends for Seagate Technology (STX) derived from the last four years of quarterly statements (cash flow, income statement, and balance sheet). The focus is on notable patterns that a retail investor may want to know about over time.

Revenue growth: Operating revenue rose from about $1.45B in early 2024 to about $2.83B in Q2 2026, representing a multi-year uptrend in top-line sales.
Gross margin expansion: Gross margin improved meaningfully, rising to roughly 41.6% in Q2 2026 (about $1.18B gross profit on $2.83B revenue), versus lower margins in 2024–2025.
Net income trajectory: Net income from continuing operations climbed to about $593M in Q2 2026, supported by higher gross profit, up from prior quarters (e.g., $549M in Q1 2026 and $488M in Q4 2025).
Operating cash flow strength: Net cash from continuing operating activities was approximately $723M in Q2 2026, up from $532M in Q1 2026 and solid in prior quarters, signaling improving cash generation from core operations.
Dividends show stability: Cash dividends per share remained at $0.74 in Q2 2026, with a consistent baseline around $0.72 in recent quarters, providing a steady income stream for shareholders.

Liquidity snapshot: Cash and cash equivalents are around $1.0B, with total current assets near $4.0B–$4.3B in recent periods, indicating solid liquidity but a working-capital mix that moves with inventories and receivables.
Capex cadence: Capital expenditures on property, plant & equipment have typically ranged in the tens of millions per quarter (roughly $50M–$120M), suggesting ongoing but moderate investment in capacity and efficiency.
Equity position: Retained earnings are negative in multiple periods, reflecting a sizable accumulated deficit and a leveraged balance sheet, which can affect overall equity value and capital structure considerations.

Cash flow headwinds from financing/investing: Net change in cash and equivalents has been negative in several quarters (e.g., about -$66M in Q2 2026), driven by investing and financing outflows despite positive operating cash flow.
Leverage dynamics: Long-term debt has fluctuated notably (roughly from $3.5B to $5.2B across periods), indicating elevated leverage that could pressure liquidity if operating conditions worsen.

05/06/26 10:48 PM ETAI 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 2025 ended on June 27, 2025.

How has Seagate Technology's net income changed over the last 10 years?

Over the last 10 years, Seagate Technology's net income changed from $248 million in 2016 to $1.47 billion in 2027, a change of 492.3%. View Seagate Technology's forecast to see where analysts expect Seagate Technology to go next.

What is Seagate Technology's operating income?

Seagate Technology's total operating income in 2027 was $1.89 billion, based on the following breakdown:

Total Gross Profit: $3.20 billion
Total Operating Expenses: $1.31 billion

How has Seagate Technology's revenue changed over the last 10 years?

Over the last 10 years, Seagate Technology's total revenue changed from $11.16 billion in 2016 to $9.10 billion in 2027, a change of -18.5%.

How much debt does Seagate Technology have?

Seagate Technology's total liabilities were at $8.48 billion at the end of 2027, which was unchanged from 2025, and a 28.0% increase since 2016.

How much cash does Seagate Technology have?

In the past 10 years, Seagate Technology's cash and equivalents has ranged from $615 million in 2022 to $2.54 billion in 2017, and is currently $891 million as of their latest financial filing in 2027.

How has Seagate Technology's book value per share changed over the last 10 years?

Over the last 10 years, Seagate Technology's book value per share changed from 5.34 in 2016 to -2.13 in 2027, a change of -140.0%.

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Financial statements for NASDAQ:STX last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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