Skip to content
stoqly

Seagate Technology

STX Nasdaq Technology Hardware, Storage & Peripherals Financials FY2017–FY2026

Seagate Technology's revenue rose 34.1% to $12.2 billion in fiscal 2026. Its operating margin was 33.6%, up from 20.8% a year earlier. Free cash flow was $3.1 billion, up 279.6%. It paid out $810 million in dividends and buybacks, 26% of free cash flow. The diluted share count rose 5.5%.

Last close · Oct 23, 2026

$630.49

1.8%
Value it Compare
Revenue Total sales reported in the income statement.
$12.2B
34.1% vs prior year
Operating margin Operating income as a share of revenue.
33.6%
12.8 pts
Net income Profit after all expenses, interest and tax.
$3.2B
116.7%
Free cash flow Cash from operations minus capital spending.
$3.1B
279.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
92.0%
35.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$144.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
45.4x

What Seagate Technology does

No business description yet.

Legal name
Seagate Technology Holdings plc
Fiscal year ends
July 3, 2026
Latest annual report
—
Accession · CIK
0001137789-26-000159
0001137789

Revenue and margins

Seagate Technology had $12.2B of revenue in fiscal 2026, up 34.1% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 20.6% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $3.1B in fiscal 2026, 25.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Seagate Technology returned $810M to shareholders in fiscal 2026, 26% of free cash flow. The diluted share count rose 5.5%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Seagate Technology yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$1.9B and divides by 229.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 45.4x · peers 18.5x · sector 33.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Seagate Technology can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $615M$786M$1.4B$891M$1.7B
Debt incl. finance leases $964M$5.5B$5.7B$5.0B$3.6B
Net debt / EBITDA 0.2x27.3x6.0x1.9x0.4x
Debt / equity ————1.7x
Interest coverage 7.9x−1.1x1.4x5.9x14.4x
Current ratio 1.1x1.1x1.1x1.4x1.7x
Quick ratio 0.7x0.7x0.7x0.8x1.2x
Total assets $8.9B$7.6B$7.7B$8.0B$10.0B
Total liabilities $8.8B$8.8B$9.2B$8.5B$7.8B
Shareholders' equity $109M−$1.2B−$1.5B−$453M$2.2B
Net debt (− = net cash) $349M$4.7B$4.3B$4.1B$1.9B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$245M

4 insiders

Of sales under plans

48%

$117M

DateInsiderTradeSharesPriceValueFiling
Oct 1, 2026 William D MosleyCEO, Director Sold plan 18,998 $914.67 $17.4M Form 4
Oct 1, 2026 William D MosleyCEO, Director Sold plan 11,002 $935.60 $10.3M Form 4
Sep 21, 2026 John Christopher MorrisEVP & CTO Sold plan 9,354 $877.91 $8.2M Form 4
Sep 15, 2026 Ban Seng TehEVP & Chief Commercial Officer Sold plan 52,730 $782.08 $41.2M Form 4
Sep 15, 2026 Gianluca RomanoEVP & CFO Sold 49,984 $772.16 $38.6M Form 4
Sep 15, 2026 John Christopher MorrisEVP & CTO Sold 15,466 $772.15 $11.9M Form 4
Sep 15, 2026 William D MosleyCEO, Director Sold 97,889 $772.14 $75.6M Form 4
Sep 14, 2026 Ban Seng TehEVP & Chief Commercial Officer Sold plan 989 $779.00 $0.8M Form 4
Sep 14, 2026 Gianluca RomanoEVP & CFO Sold plan 955 $781.24 $0.7M Form 4
Sep 14, 2026 John Christopher MorrisEVP & CTO Sold 493 $781.23 $0.4M Form 4
Sep 14, 2026 William D MosleyCEO, Director Sold 1,870 $781.23 $1.5M Form 4
Sep 11, 2026 Gianluca RomanoEVP & CFO Sold plan 45,898 $830.01 $38.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✕ ✓
Debt fell relative to assets ✕ ✓ ✓
Current ratio rose ✕ ✓ ✓
Share count didn't rise ✕ ✕ ✕
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✓ ✓
F-score 6 / 97 / 98 / 9
Accruals ratio −7.6%4.9%−5.5%
Altman Z'' −3.35−0.962.50

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Seagate Technology STX $144.4B 34.1% 33.6% 25.5% 92.0% 45.4x 8
Western Digital WDC $132.0B 35.7% 34.5% 27.2% 52.2% 13.3x 7 Compare →
Sandisk SNDK $191.9B 175.3% 61.2% 56.8% 105.9% 16.8x 7 Compare →
NetApp NTAP $43.1B 5.4% 24.2% 27.0% — 30.4x 7 Compare →
Logitech LOGI $15.9B 6.3% 16.0% 20.2% 121.9% 20.1x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $10.8B $11.2B $10.4B $10.5B $10.7B $11.7B $7.4B $6.6B $9.1B $12.2B
Gross profit $3.2B $3.4B $2.9B $2.8B $2.9B $3.5B $1.4B $1.5B $3.2B $5.6B
Research and development $1.2B $1.0B $991M $973M $903M $941M $797M $654M $724M $755M
Operating income $1.1B $1.6B $1.5B $1.3B $1.5B $2.0B −$342M $452M $1.9B $4.1B
Interest expense $222M $236M $224M $201M $220M $249M $313M $332M $321M $284M
Pretax income $815M $1.4B $1.4B $1.0B $1.3B $1.7B −$496M $445M $1.5B $3.7B
Income tax $43.0M $236M −$640M $28.0M $34.0M $30.0M $33.0M $110M $44.0M $506M
Net income $772M $1.2B $2.0B $1.0B $1.3B $1.6B −$529M $335M $1.5B $3.2B
Diluted EPS $2.58 $4.05 $7.06 $3.79 $5.36 $7.36 −$2.56 $1.58 $6.77 $13.90
Diluted shares 0.30B 0.29B 0.29B 0.27B 0.25B 0.22B 0.21B 0.21B 0.22B 0.23B
Cash flow
Cash from operations $1.9B $2.1B $1.8B $1.7B $1.6B $1.7B $942M $918M $1.1B $3.7B
Capital expenditure $434M $366M $602M $585M $498M $381M $316M $254M $265M $569M
Free cash flow $1.5B $1.7B $1.2B $1.1B $1.1B $1.3B $626M $664M $818M $3.1B
Depreciation and amortization $749M $598M $541M $379M $397M $451M $513M $264M $251M $276M
Stock-based compensation $137M $112M $99.0M $109M $112M $145M $115M $127M $200M $213M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $88.0M $0.0M
Share buybacks $460M $361M $963M $850M $2.0B $1.8B $408M $0.0M $0.0M $176M
Dividends paid $561M $726M $713M $673M $649M $610M $582M $585M $600M $634M
Dividends and buybacks $1.0B $1.1B $1.7B $1.5B $2.7B $2.4B $990M $585M $600M $810M
Balance sheet
Cash and short-term investments $2.5B $1.9B $2.2B $1.7B $1.2B $615M $786M $1.4B $891M $1.7B
Total debt $5.0B $4.8B $4.3B $4.2B $5.1B $964M $5.5B $5.7B $5.0B $3.6B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $5.0B $4.3B $4.4B $4.1B $3.8B $4.0B $2.9B $3.3B $3.7B $5.2B
Current liabilities $2.6B $3.2B $2.2B $2.7B $2.9B $3.6B $2.6B $3.1B $2.6B $3.1B
Inventory $982M $1.1B $970M $1.1B $1.2B $1.6B $1.1B $1.2B $1.4B $1.6B
Property and equipment, net $1.9B $1.8B $1.9B $2.1B $2.2B $2.2B $1.7B $1.6B $1.7B $2.0B
Total assets $9.3B $9.4B $8.9B $8.9B $8.7B $8.9B $7.6B $7.7B $8.0B $10.0B
Total liabilities $7.9B $7.7B $6.7B $7.1B $8.0B $8.8B $8.8B $9.2B $8.5B $7.8B
Shareholders' equity $1.4B $1.7B $2.2B $1.8B $631M $109M −$1.2B −$1.5B −$453M $2.2B
Margins
Gross margin 29.5% 30.1% 28.2% 27.0% 27.3% 29.8% 18.3% 23.5% 35.2% 45.6%
Operating margin 9.8% 14.6% 14.3% 12.4% 14.0% 16.8% −4.6% 6.9% 20.8% 33.6%
EBITDA margin 16.7% 20.0% 19.5% 16.0% 17.7% 20.6% 2.3% 10.9% 23.5% 35.8%
Net margin 7.2% 10.6% 19.4% 9.6% 12.3% 14.1% −7.2% 5.1% 16.2% 26.1%
FCF margin 13.8% 15.6% 11.2% 10.7% 10.6% 10.9% 8.5% 10.1% 9.0% 25.5%
Returns
Return on capital 23.8% 32.1% 33.7% 30.0% 33.1% 76.5% −13.8% 10.8% 56.7% 92.0%
Return on capital employed 16.7% 25.4% 23.1% 20.2% 25.0% 35.1% −6.6% 9.4% 37.7% 67.0%
Return on equity 52.2% 78.1% 105.2% 50.9% 108.7% — — — — 371.5%
Return on assets 8.8% 12.7% 22.0% 11.3% 14.9% 18.7% −6.4% 4.4% 18.6% 35.4%
Growth
Revenue growth −3.5% 3.8% −7.1% 1.2% 1.6% 9.2% −36.7% −11.3% 38.9% 34.1%
Net income growth 211.3% 53.1% 70.2% −50.1% 30.9% 25.5% −132.1% — 338.5% 116.8%
EPS growth 214.6% 57.0% 74.3% −46.3% 41.4% 37.3% −134.8% — 328.5% 105.3%
FCF growth 35.6% 17.9% −33.7% −2.6% −0.1% 13.1% −50.9% 6.1% 23.2% 279.6%
Share count change −1.0% −2.3% −2.4% −7.0% −7.6% −8.6% −7.6% 2.4% 2.4% 5.5%
Financial health
Net debt / EBITDA 1.4x 1.3x 1.0x 1.5x 2.1x 0.2x 27.3x 6.0x 1.9x 0.4x
Debt / equity 3.7x 2.9x 2.0x 2.3x 8.1x — — — — 1.7x
Interest coverage 4.8x 6.9x 6.6x 6.5x 6.8x 7.9x −1.1x 1.4x 5.9x 14.4x
Current ratio 1.9x 1.4x 2.0x 1.5x 1.3x 1.1x 1.1x 1.1x 1.4x 1.7x
Quick ratio 1.6x 1.0x 1.5x 1.1x 0.9x 0.7x 0.7x 0.7x 0.8x 1.2x
Capital allocation
Capex / revenue 4.0% 3.3% 5.8% 5.6% 4.7% 3.3% 4.3% 3.9% 2.9% 4.7%
Stock comp / revenue 1.3% 1.0% 1.0% 1.0% 1.1% 1.2% 1.6% 1.9% 2.2% 1.8%
Payouts / FCF 68.9% 62.2% 144.6% 134.9% 239.0% 188.8% 158.2% 88.1% 73.4% 26.1%
Quality scores
Piotroski F-score 8.0 7.0 6.0 5.0 7.0 8.0 3.0 6.0 7.0 8.0
Altman Z'' 1.0 0.6 1.4 0.5 −0.5 −0.8 −3.9 −3.4 −1.0 2.5
Accruals ratio −13.1% −10.0% 2.7% −8.0% −3.5% −0.1% −17.8% −7.6% 4.9% −5.5%

Source: SEC EDGAR XBRL filings (CIK 0001137789). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open