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 41 d ago 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
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
Oct '21	$3.1B	$526M	30.7%	18.8%	87.5%	6.1%	$379M	$5.2B	$991M

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 9.1× (Mar '23) to 56.8× (Sep '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 14.8× (Sep '26).
The dividend yield has fallen from 4.1% (Mar '23) to 0.4% (Sep '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?

As of Sep '26, Seagate Technology traded at a price-to-earnings ratio of about 56.8× (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.