STX Financials Seagate Technology

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 28 h ago Overview →

Growth & profitability

Revenue has declined 2.8% per year over the past 5 years.
Net income has grown faster than revenue (7.9% vs -2.8% per year).
Operating margin has expanded, at 20.8% in the latest year.
Free cash flow has declined 6.2% per year over the past 5 years.

Financial health

Total debt ($5.0B) exceeds cash ($891M); net debt is $4.2B.
Total debt has grown faster than revenue (3.5% vs -2.8% per year).
Operating income covered interest expense 5.9× in the latest year.
Total debt is 2.4× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 40.8% of earnings and 73.3% of free cash flow.
The dividend has declined 2.3% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
2025	$9.1B	$1.5B	35.2%	20.8%	$818M	$5.0B	$891M
2024	$6.6B	$335M	23.4%	6.9%	$664M	$5.7B	$1.4B
2023	$7.4B	-$529M	18.3%	-4.6%	$626M	$5.5B	$786M
2022	$11.7B	$1.6B	29.7%	16.8%	$1.3B	$5.7B	$615M
2021	$10.7B	$1.3B	27.3%	14.0%	$1.1B	$5.2B	$1.2B
2020	$10.5B	$1.0B	27.0%	12.4%	$1.1B	$4.2B	$1.7B
2019	$10.4B	$2.0B	28.2%	14.3%	$1.2B	$4.3B	$2.2B
2018	$11.2B	$1.2B	30.1%	14.6%	$1.7B	$4.9B	$1.9B
2017	$10.8B	$772M	29.5%	9.8%	$1.5B	$5.1B	$2.5B
2016	—	$248M	—	—	$1.1B	$4.1B	$1.1B
2015	—	$1.7B	—	—	$1.9B	$4.2B	$2.5B
2014	—	$1.6B	—	—	$2.0B	$3.9B	$2.6B
2013	—	$1.8B	—	—	$2.3B	$2.8B	$1.7B
2012	—	$2.9B	—	—	$2.6B	$2.9B	$1.7B
2011	—	$511M	—	—	$421M	$3.5B	$2.7B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Apr '26	$3.1B	$748M	46.5%	32.1%	$953M	$3.9B	$1.1B
Jan '26	$2.8B	$593M	41.6%	29.8%	$607M	$4.5B	$1.0B
Oct '25	$2.6B	$549M	39.4%	26.4%	$427M	$5.0B	$1.1B
Mar '25	$2.2B	$340M	35.2%	20.0%	$216M	$5.2B	$814M
Dec '24	$2.3B	$336M	34.9%	21.0%	$150M	$5.7B	$1.2B
Sep '24	$2.2B	$305M	32.9%	18.6%	$27M	$5.7B	$1.2B
Jun '24	$1.9B	$513M	31.8%	16.6%	$380M	$5.7B	$1.4B
Mar '24	$1.7B	$25M	25.7%	8.6%	$128M	$5.7B	$795M
Dec '23	$1.6B	-$19M	23.3%	8.0%	$99M	$5.7B	$787M
Sep '23	$1.5B	-$184M	10.2%	-8.9%	$57M	$5.7B	$795M
Jun '23	$1.6B	-$92M	19.0%	1.6%	$168M	$5.5B	$786M
Mar '23	$1.9B	-$433M	17.2%	-16.9%	$174M	$6.0B	$766M
Dec '22	$1.9B	-$33M	13.0%	-8.5%	$172M	$6.1B	$770M
Sep '22	$2.0B	$29M	23.7%	5.3%	$112M	$6.3B	$761M
Jul '22	$2.6B	$276M	28.9%	13.7%	$108M	$5.7B	$615M
Apr '22	$2.8B	$346M	28.8%	15.3%	$363M	$5.7B	$1.1B
Dec '21	$3.1B	$501M	30.4%	18.6%	$426M	$5.9B	$1.5B
Oct '21	$3.1B	$526M	30.7%	18.8%	$379M	$5.2B	$991M
Jul '21	$3.0B	$482M	29.4%	16.8%	$354M	$5.2B	$1.2B
Apr '21	$2.7B	$329M	27.1%	14.1%	$274M	$5.2B	$1.2B

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 9.0× (Mar '23) to 156.7× (Jun '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 25.3× (Jun '26).
The dividend yield has fallen from 4.1% (Mar '23) to 0.3% (Jun '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 declined 2.8% per year, and net income grown 7.9% per year. These are computed facts, not advice.

How much debt does STX have?

As of FY2025, Seagate Technology reported $5.0B of total debt against $891M of cash; operating income covered interest expense 5.9×.

What is STX's profit margin?

In FY2025, gross margin was 35.2%, operating margin 20.8%, and net margin 16.1%.

What is STX's P/E ratio?

As of Jun '26, Seagate Technology traded at a price-to-earnings ratio of about 156.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.