STX Financials Seagate Technology

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:32 UTC Overview →

Growth & profitability

Revenue has grown 2.7% per year over the past 5 years.
Net income has grown faster than revenue (19.4% vs 2.7% per year).
Operating margin has expanded, at 33.6% in the latest year.
Free cash flow has grown 22.4% per year over the past 5 years.

Financial health

Total debt ($3.6B) exceeds cash ($1.7B); net debt is $1.9B.
Total debt has grown slower than revenue (-7.1% vs 2.7% per year).
Operating income covered interest expense 14× in the latest year.
Total debt is 0.8× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 19.9% of earnings and 20.4% of free cash flow.
The dividend has declined 0.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$12.2B	$3.2B	45.6%	33.6%	146.9%	31.9%	$3.1B	$3.6B	$1.7B
2025	$9.1B	$1.5B	35.2%	20.8%	-324.3%	18.3%	$818M	$5.0B	$891M
2024	$6.6B	$335M	23.4%	6.9%	-22.5%	4.3%	$664M	$5.7B	$1.4B
2023	$7.4B	-$529M	18.3%	-4.6%	44.1%	-7.0%	$626M	$5.5B	$786M
2022	$11.7B	$1.6B	29.7%	16.8%	1512.8%	18.4%	$1.3B	$5.7B	$615M
2021	$10.7B	$1.3B	27.3%	14.0%	208.2%	15.1%	$1.1B	$5.2B	$1.2B
2020	$10.5B	$1.0B	27.0%	12.4%	56.2%	11.2%	$1.1B	$4.2B	$1.7B
2019	$10.4B	$2.0B	28.2%	14.3%	93.1%	22.6%	$1.2B	$4.3B	$2.2B
2018	$11.2B	$1.2B	30.1%	14.6%	71.0%	12.6%	$1.7B	$4.9B	$1.9B
2017	$10.8B	$772M	29.5%	9.8%	56.6%	8.3%	$1.5B	$5.1B	$2.5B
2016	—	$248M	—	—	15.6%	3.0%	$1.1B	$4.1B	$1.1B
2015	—	$1.7B	—	—	57.7%	17.7%	$1.9B	$4.2B	$2.5B
2014	—	$1.6B	—	—	55.4%	16.5%	$2.0B	$3.9B	$2.6B
2013	—	$1.8B	—	—	52.6%	19.9%	$2.3B	$2.8B	$1.7B
2012	—	$2.9B	—	—	81.8%	28.3%	$2.6B	$2.9B	$1.7B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Oct '26	$4.2B	$1.8B	57.3%	48.8%	51.0%	17.1%	$1.5B	$2.4B	$1.3B
Jul '26	$3.6B	$1.3B	52.3%	43.0%	59.7%	13.0%	$1.1B	$3.6B	$1.7B
Apr '26	$3.1B	$748M	46.5%	32.1%	68.3%	8.4%	$953M	$3.9B	$1.1B
Jan '26	$2.8B	$593M	41.6%	29.8%	129.2%	6.8%	$607M	$4.5B	$1.0B
Oct '25	$2.6B	$549M	39.4%	26.4%	-871.4%	6.5%	$427M	$5.0B	$1.1B
Jun '25	$2.4B	$488M	37.4%	23.2%	-107.7%	6.1%	$425M	$5.0B	$891M
Mar '25	$2.2B	$340M	35.2%	20.0%	-41.0%	4.5%	$216M	$5.2B	$814M
Dec '24	$2.3B	$336M	34.9%	21.0%	-31.1%	4.2%	$150M	$5.7B	$1.2B
Sep '24	$2.2B	$305M	32.9%	18.6%	-23.5%	3.8%	$27M	$5.7B	$1.2B
Jun '24	$1.9B	$513M	31.8%	16.6%	-34.4%	6.6%	$380M	$5.7B	$1.4B
Mar '24	$1.7B	$25M	25.7%	8.6%	-1.3%	0.4%	$128M	$5.7B	$795M
Dec '23	$1.6B	-$19M	23.3%	8.0%	1.0%	-0.3%	$99M	$5.7B	$787M
Sep '23	$1.5B	-$184M	10.2%	-8.9%	10.8%	-2.6%	$57M	$5.7B	$795M
Jun '23	$1.6B	-$92M	19.0%	1.6%	7.7%	-1.2%	$168M	$5.5B	$786M
Mar '23	$1.9B	-$433M	17.2%	-16.9%	43.1%	-5.4%	$174M	$6.0B	$766M
Dec '22	$1.9B	-$33M	13.0%	-8.5%	7.0%	-0.4%	$172M	$6.1B	$770M
Sep '22	$2.0B	$29M	23.7%	5.3%	-8.3%	0.3%	$112M	$6.3B	$761M
Jul '22	$2.6B	$276M	28.9%	13.7%	253.2%	3.1%	$108M	$5.7B	$615M
Apr '22	$2.8B	$346M	28.8%	15.3%	82.2%	3.8%	$363M	$5.7B	$1.1B
Dec '21	$3.1B	$501M	30.4%	18.6%	95.2%	5.3%	$426M	$5.9B	$1.5B

Valuation over time

How the market has priced STX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 9.2× (Mar '23) to 42.8× (Nov '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 11.2× (Nov '26).
The dividend yield has fallen from 4.0% (Mar '23) to 0.5% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is STX growing its revenue and profit?

Over the past 5 years, Seagate Technology's revenue has grown 2.7% per year, and net income grown 19.4% per year. These are computed facts, not advice.

How much debt does STX have?

As of FY2026, Seagate Technology reported $3.6B of total debt against $1.7B of cash; operating income covered interest expense 14×.

What is STX's profit margin?

In FY2026, gross margin was 45.6%, operating margin 33.6%, and net margin 26.1%.

What is STX's P/E ratio?

Seagate Technology's P/E (TTM) is 30.99 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the STX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 42.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.