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STXSeagate Technology

Technology · Computer Storage · Nasdaq
STX quote by TradingView
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FY2026 at a glance

Sales up 34.1%, free cash flow up to $3.1B

XBRL, from each 10-K
RevenueStatements ↓
$12.2B
from $9.1B in FY2027
FY2017FY2026
Net incomeStatements ↓
$3.2B
from $1.5B in FY2027
FY2017FY2026
Free cash flowStatements ↓
$3.1B
from $818.0M in FY2027
FY2017FY2026
EPS (diluted)Statements ↓
$13.90
from $6.77 in FY2027
FY2017FY2026
Operating marginStatements ↓
33.6%
from 20.8% in FY2027
FY2017FY2026
Total debtStatements ↓
$3.6B
from $5.0B in FY2027
FY2017FY2026
Price and key numbers

The latest figures

All key numbers (41, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)19.06Sales (ttm)13.8BNet income (ttm)4.4BSales growth+34.1%EPS growth+105%Sales Q/Q+61.0%
Free cash flow4.2BGross margin50.4%Oper. margin39.6%Net margin31.9%FCF margin30.1%ROE127.3%
ROA42.6%R&D / sales6.2%Dividend2.94Debt/Eq0.68Curr. ratio1.82Cash1.3B
Op. cash flow (ttm)4.8BEBITDA4.4BEBITDA margin35.8%Net debt1.1BQuick ratio1.29Interest cover14.42
ROIC60.9%Payout ratio21.2%Tax rate13.7%Stock pay / sales1.7%Shares out.229.6MShares Y/Y+5.5%
Book / share15.04Cash / share5.48Sales / share60.11Asset turnover1.34Inventory turns4.22Days sales out.46
Sales 3Y CAGR+18.1%Sales 5Y CAGR+2.7%EPS 5Y CAGR+21.0%Employees30,000Sales / employee460K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2026 against FY2027
  • Debt fell 29%$5.0B → $3.6B · Short-term + long-term debt at year end
  • Free cash flow rose 280%$818.0M → $3.1B · Cash from operations − capital expenditure · 10-K ↗
  • Operating margin widened to 33.6%20.8% → 33.6% · Operating income / revenue · 10-K ↗
What management wrote about it → · Every company →

STX against Technology peers

Ten years, side by side → · All 75 →
GrowthProfitBalanceCleanInsiders
STXPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth
+34.1%11th of 75 · median +14.1%
Net margin
31.9%16th of 75 · median 19.1%
Return on equity
127.3%1st of 69 · median 23.9%
Free cash flow margin
30.1%21st of 71 · median 22.3%
Debt / equity (less is better)
0.6842nd of 61 · median 0.46
STX and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
STX Seagate Technology$13.8B +34.1%50.4%31.9%127.3%30.1%0.68
KLAC KLA Corporation$14.5B +11.7%61.5%36.2%80.6%27.8%0.88
WDC Western Digital$14.5B +35.7%52.6%69.2%107.2%29.6%0.11
ADI Analog Devices$13.9B +16.9%65.8%29.8%12.3%35.6%0.27
NXPI NXP Semiconductors$13.8B -2.7%56.4%23.4%26.7%25.4%1.07
MSI Motorola Solutions$12.6B +8.0%52.2%16.5%67.9%20.1%3.29
Where each dollar goes

From $11.7B of sales to $1.6B of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $3.5BRevenue to Cost of revenue: $8.2BGross profit to Operating profit: $2.0BGross profit to Operating expenses: $1.5BOperating profit to Net profit: $1.6BOperating profit to Tax & other: $306.0MOperating expenses to R&D: $941.0MOperating expenses to SG&A: $573.0M Revenue: $11.7B Revenue$11.7B +9% Y/Y Gross profit: $3.5B · 30% margin Gross profit$3.5B30% margin Cost of revenue: $8.2B · 70% of revenue Cost of revenue$8.2B70% of revenue Operating profit: $2.0B · 17% margin Operating profit$2.0B17% margin +31% Y/Y Operating expenses: $1.5B · 13% of revenue Operating expenses$1.5B13% of revenue Net profit: $1.6B · 14% margin Net profit$1.6B14% margin +25% Y/Y Tax & other: $306.0M · 3% of revenue Tax & other$306.0M3% of revenue R&D: $941.0M · 8% of revenue R&D$941.0M8% of revenue SG&A: $573.0M · 5% of revenue SG&A$573.0M5% of revenue

Swipe sideways for the whole flow →

From $6.6B of sales to $335.0M of profit

FY2024, from the 10-K income statement and revenue by region
United States to Revenue: $2.3BSingapore to Revenue: $3.4BThe Netherlands to Revenue: $802.0MOther to Revenue: $12.0MRevenue to Gross profit: $1.5BRevenue to Cost of revenue: $5.0BGross profit to Operating profit: $452.0MGross profit to Operating expenses: $1.1BOperating profit to Net profit: $335.0MOperating profit to Tax & other: $117.0MOperating expenses to R&D: $654.0MOperating expenses to Sales, admin & other: $430.0M United States: $2.3B · 35% United States$2.3B35% Singapore: $3.4B · 52% Singapore$3.4B52% The Netherlands: $802.0M · 12% The Netherlands$802.0M12% Other: $12.0M · 0% Other$12.0M0% Revenue: $6.6B Revenue$6.6B −11% Y/Y Gross profit: $1.5B · 23% margin Gross profit$1.5B23% margin Cost of revenue: $5.0B · 77% of revenue Cost of revenue$5.0B77% of revenue Operating profit: $452.0M · 7% margin Operating profit$452.0M7% margin Operating expenses: $1.1B · 17% of revenue Operating expenses$1.1B17% of revenue Net profit: $335.0M · 5% margin Net profit$335.0M5% margin Tax & other: $117.0M · 2% of revenue Tax & other$117.0M2% of revenue R&D: $654.0M · 10% of revenue R&D$654.0M10% of revenue Sales, admin & other: $430.0M · 7% of revenue Sales, admin & other$430.0M7% of revenue

Swipe sideways for the whole flow →

From $9.1B of sales to $1.5B of profit

FY2027, from the 10-K income statement and revenue by region
United States to Revenue: $4.4BSingapore to Revenue: $3.8BThe Netherlands to Revenue: $924.0MOther to Revenue: $4.0MRevenue to Gross profit: $3.2BRevenue to Cost of revenue: $5.9BGross profit to Operating profit: $1.9BGross profit to Operating expenses: $1.3BOperating profit to Net profit: $1.5BOperating profit to Tax & other: $421.0MOperating expenses to R&D: $724.0MOperating expenses to Sales, admin & other: $586.0M United States: $4.4B · 48% United States$4.4B48% Singapore: $3.8B · 41% Singapore$3.8B41% The Netherlands: $924.0M · 10% The Netherlands$924.0M10% Other: $4.0M · 0% Other$4.0M0% Revenue: $9.1B Revenue$9.1B +39% Y/Y Gross profit: $3.2B · 35% margin Gross profit$3.2B35% margin Cost of revenue: $5.9B · 65% of revenue Cost of revenue$5.9B65% of revenue Operating profit: $1.9B · 21% margin Operating profit$1.9B21% margin +318% Y/Y Operating expenses: $1.3B · 14% of revenue Operating expenses$1.3B14% of revenue Net profit: $1.5B · 16% margin Net profit$1.5B16% margin +339% Y/Y Tax & other: $421.0M · 5% of revenue Tax & other$421.0M5% of revenue R&D: $724.0M · 8% of revenue R&D$724.0M8% of revenue Sales, admin & other: $586.0M · 6% of revenue Sales, admin & other$586.0M6% of revenue

Swipe sideways for the whole flow →

From $12.2B of sales to $3.2B of profit

FY2026, from the 10-K income statement and revenue by region
United States to Revenue: $6.1BSingapore to Revenue: $4.9BThe Netherlands to Revenue: $1.2BOther to Revenue: $4.0MRevenue to Gross profit: $5.6BRevenue to Cost of revenue: $6.6BGross profit to Operating profit: $4.1BGross profit to Operating expenses: $1.5BOperating profit to Net profit: $3.2BOperating profit to Tax & other: $910.0MOperating expenses to R&D: $755.0MOperating expenses to Sales, admin & other: $709.0M United States: $6.1B · 50% United States$6.1B50% Singapore: $4.9B · 40% Singapore$4.9B40% The Netherlands: $1.2B · 10% The Netherlands$1.2B10% Other: $4.0M · 0% Other$4.0M0% Revenue: $12.2B Revenue$12.2B +34% Y/Y Gross profit: $5.6B · 46% margin Gross profit$5.6B46% margin Cost of revenue: $6.6B · 54% of revenue Cost of revenue$6.6B54% of revenue Operating profit: $4.1B · 34% margin Operating profit$4.1B34% margin +117% Y/Y Operating expenses: $1.5B · 12% of revenue Operating expenses$1.5B12% of revenue Net profit: $3.2B · 26% margin Net profit$3.2B26% margin +117% Y/Y Tax & other: $910.0M · 7% of revenue Tax & other$910.0M7% of revenue R&D: $755.0M · 6% of revenue R&D$755.0M6% of revenue Sales, admin & other: $709.0M · 6% of revenue Sales, admin & other$709.0M6% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2022
FY2024
FY2027
FY2026
  • Cost of revenue
  • R&D
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

2 of 3
  • ✓
    Net margin above the peer median31.9% vs 19.1%
  • ✓
    Return on equity above 15%127.3%
  • !
    A profit in 9 of 10 years
Net margin, FY2017 to FY2026: 7.2% → 26.1%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 14.4× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.68 on the latest balance sheet (peer median 0.46)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.82
  • ✓
    Net debt under 3 years of free cash flow$1.1B net debt, 0.3 years
Debt / equity at each year end, FY2017 to FY2026: 3.68 → 1.65
What the debt is made of ↓

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$3.1B last year
  • ✓
    Share count down over 5 years−6.5%
  • ✓
    Dividend per share up over 5 years$2.66 → $2.94
  • ✓
    Cash from operations above net income$3.7B vs $3.2B
Free cash flow, FY2017 to FY2026: 1.5B → 3.1B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$1.1B of principal due, schedule of Oct 2, 2026

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2017 to FY2026

Revenue 12.2B Net income 3.2B
FY2017 revenue 10.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001193125-19-212028 FY2017 net income 772.0M · NetIncomeLoss, 0001193125-19-212028 10.8B FY2017 FY2018 revenue 11.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001137789-20-000057 FY2018 net income 1.2B · NetIncomeLoss, 0001137789-20-000057 11.2B FY2018 FY2019 revenue 10.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001137789-21-000049 FY2019 net income 2.0B · NetIncomeLoss, 0001137789-21-000049 10.4B FY2019 FY2020 revenue 10.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001137789-22-000055 FY2020 net income 1.0B · NetIncomeLoss, 0001137789-22-000055 10.5B FY2020 FY2021 revenue 10.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001137789-23-000049 FY2021 net income 1.3B · NetIncomeLoss, 0001137789-23-000049 10.7B FY2021 FY2022 revenue 11.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001137789-24-000068 FY2022 net income 1.6B · NetIncomeLoss, 0001137789-24-000068 11.7B FY2022 FY2023 revenue 7.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001137789-25-000157 FY2023 net income -529.0M · NetIncomeLoss, 0001137789-25-000157 7.4B FY2023 FY2024 revenue 6.6B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001137789-26-000159 FY2024 net income 335.0M · NetIncomeLoss, 0001137789-26-000159 6.6B FY2024 FY2027 revenue 9.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001137789-26-000159 FY2027 net income 1.5B · NetIncomeLoss, 0001137789-26-000159 9.1B FY2027 FY2026 revenue 12.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001137789-26-000159 FY2026 net income 3.2B · NetIncomeLoss, 0001137789-26-000159 12.2B FY2026

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

STX's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue12.2B
FY2017: 10.8BFY2018: 11.2BFY2019: 10.4BFY2020: 10.5BFY2021: 10.7BFY2022: 11.7BFY2023: 7.4BFY2024: 6.6BFY2027: 9.1BFY2026: 12.2B FY2018FY2020FY2022FY2024FY2026
Net income3.2B
FY2017: 772.0MFY2018: 1.2BFY2019: 2.0BFY2020: 1.0BFY2021: 1.3BFY2022: 1.6BFY2023: -529.0MFY2024: 335.0MFY2027: 1.5BFY2026: 3.2B FY2018FY2020FY2022FY2024FY2026
Free cash flow3.1B
FY2017: 1.5BFY2018: 1.7BFY2019: 1.2BFY2020: 1.1BFY2021: 1.1BFY2022: 1.3BFY2023: 626.0MFY2024: 664.0MFY2027: 818.0MFY2026: 3.1B FY2018FY2020FY2022FY2024FY2026
EPS (diluted)13.90
FY2017: 2.58FY2018: 4.05FY2019: 7.06FY2020: 3.79FY2021: 5.36FY2022: 7.36FY2023: -2.56FY2024: 1.58FY2027: 6.77FY2026: 13.90 FY2018FY2020FY2022FY2024FY2026
Dividend per share2.94
FY2017: 2.52FY2018: 2.52FY2019: 2.52FY2020: 2.58FY2021: 2.66FY2022: 2,770,000.00FY2023: 2.80FY2024: 2.80FY2027: 2.86FY2026: 2.94 FY2018FY2020FY2022FY2024FY2026
Diluted shares229.0M
FY2017: 299.0MFY2018: 292.0MFY2019: 285.0MFY2020: 265.0MFY2021: 245.0MFY2022: 224.0MFY2023: 207.0MFY2024: 212.0MFY2027: 217.0MFY2026: 229.0M FY2018FY2020FY2022FY2024FY2026

Revenue by region

year to Jul 3, 2026
RevenueSharevs year before
United States 6.1B50.4% +39.4%
Singapore 4.9B40.0% +29.8%
The Netherlands 1.2B9.6% +26.1%
Other 4.0M0.0% 0.0%

10-K 0001137789-26-000159, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2027FY2026
Revenue10.8B11.2B10.4B10.5B10.7B11.7B7.4B6.6B9.1B12.2B
Cost of revenue7.6B7.8B7.5B7.7B7.8B8.2B6.0B5.0B5.9B6.6B
R&D1.2B1.0B991.0M973.0M903.0M941.0M797.0M654.0M724.0M755.0M
SG&A606.0M562.0M453.0M473.0M502.0M559.0M491.0M460.0M561.0M577.0M
Operating income1.1B1.6B1.5B1.3B1.5B2.0B-342.0M452.0M1.9B4.1B
Interest expense222.0M236.0M224.0M201.0M220.0M249.0M313.0M332.0M321.0M284.0M
Pretax income815.0M1.4B1.4B1.0B1.3B1.7B-496.0M445.0M1.5B3.7B
Income tax43.0M236.0M-640.0M28.0M34.0M30.0M33.0M110.0M44.0M506.0M
Net income772.0M1.2B2.0B1.0B1.3B1.6B-529.0M335.0M1.5B3.2B
EPS (diluted)2.584.057.063.795.367.36-2.561.586.7713.90
Diluted shares299.0M292.0M285.0M265.0M245.0M224.0M207.0M212.0M217.0M229.0M
Depreciation & amortization749.0M598.0M541.0M379.0M397.0M451.0M513.0M264.0M251.0M276.0M
EBITDA1.8B2.2B2.0B1.7B1.9B2.4B171.0M716.0M2.1B4.4B
Operating margin9.8%14.6%14.3%12.4%14.0%16.8%-4.6%6.9%20.8%33.6%
Net margin7.2%10.6%19.4%9.6%12.3%14.1%-7.2%5.1%16.1%26.1%
Revenue growth-+3.8%-7.1%+1.1%+1.6%+9.2%-36.7%-11.3%+38.9%+34.1%
EPS growth-+57.0%+74.3%-46.3%+41.4%+37.3%-135%-+328%+105%

Balance sheet

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2027FY2026
Cash2.5B1.9B2.2B1.7B1.2B615.0M786.0M1.4B891.0M1.7B
Receivables1.2B1.2B989.0M1.1B1.2B1.5B621.0M429.0M959.0M1.5B
Inventory982.0M1.1B970.0M1.1B1.2B1.6B1.1B1.2B1.4B1.6B
Current assets5.0B4.3B4.4B4.1B3.8B4.0B2.9B3.3B3.7B5.2B
Property & equipment1.9B1.8B1.9B2.1B2.2B2.2B1.7B1.6B1.7B2.0B
Goodwill1.2B1.2B1.2B1.2B1.2B1.2B1.2B1.2B1.2B1.2B
Total assets9.3B9.4B8.9B8.9B8.7B8.9B7.6B7.7B8.0B10.0B
Accounts payable1.6B1.7B1.4B1.8B1.7B2.1B1.6B1.8B1.6B1.7B
Current liabilities2.6B3.2B2.2B2.7B2.9B3.6B2.6B3.1B2.6B3.1B
Total debt5.0B4.8B4.3B4.2B5.1B964.0M5.5B5.7B5.0B3.6B
Total liabilities7.9B7.7B6.7B7.1B8.0B8.8B8.8B9.2B8.5B7.8B
Shareholders' equity1.4B1.7B2.2B1.8B631.0M109.0M-1.2B-1.5B-453.0M2.2B
Retained earnings-4.8B-4.7B-4.3B-4.9B-6.3B-7.1B-8.7B-9.0B-8.2B-5.9B

Cash flow

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2027FY2026
Operating cash flow1.9B2.1B1.8B1.7B1.6B1.7B942.0M918.0M1.1B3.7B
Capital spending434.0M366.0M602.0M585.0M498.0M381.0M316.0M254.0M265.0M569.0M
Free cash flow1.5B1.7B1.2B1.1B1.1B1.3B626.0M664.0M818.0M3.1B
Stock-based pay (added back)137.0M112.0M99.0M109.0M112.0M145.0M115.0M127.0M200.0M213.0M
Dividends paid561.0M726.0M713.0M673.0M649.0M610.0M582.0M585.0M600.0M634.0M
Buybacks460.0M361.0M963.0M850.0M2.0B1.8B408.0M00176.0M
Acquisitions00----0088.0M0
Debt raised1.2B0245.0M994.0M1.0B1.2B1.6B1.5B400.0M0
Debt repaid316.0M214.0M819.0M1.1B33.0M701.0M1.6B1.3B1.1B1.4B
Investing cash flow-459.0M-1.6B846.0M-635.0M-466.0M-352.0M217.0M126.0M-276.0M-525.0M
Financing cash flow-46.0M-1.2B-2.2B-1.6B-1.7B-1.9B-988.0M-473.0M-1.3B-2.3B
Dividend per share2.522.522.522.582.662,770,000.002.802.802.862.94

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2027FY2026
Stock-based pay (expense)137.0M112.0M99.0M109.0M112.0M145.0M115.0M127.0M200.0M213.0M
Stock-based pay / revenue1.3%1.0%1.0%1.0%1.0%1.2%1.6%1.9%2.2%1.7%
Operating lease cost---22.0M15.0M16.0M21.0M72.0M76.0M72.0M
Operating lease cash paid---18.0M19.0M20.0M23.0M63.0M69.0M68.0M
Right-of-use assets--115.0M103.0M97.0M94.0M396.0M403.0M353.0M323.0M
Operating lease liabilities---63.0M54.0M50.0M384.0M399.0M378.0M333.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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