STXNasdaqComputer Storage DevicesFiscal year ends June 27
Seagate Technology Holdings plc
Financials through Q4 FY2026, quarter ended Jul 3, 2026Last filing: 10-K on Aug 4, 2026
$660.81+21.80 (+3.41%)
Close on Oct 19, 2026
- Market cap
- $153.31B
- P/E (TTM)
- 47.5
- Dividend yield
- 0.44%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
45.6%+18.3 pts over 5 years
Operating margin
33.6%+19.6 pts over 5 years
Net margin
26.1%+13.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +34.1% | +18.2% | +2.7% | +0.9% | |
| Gross profit | +73.7% | +60.2% | +13.8% | +7.8% | |
| Operating income | +116.6% | – | +22.4% | +24.8% | |
| Net income | +116.7% | – | +19.4% | +29.1% | |
| EPS, diluted | +105.3% | – | +21.0% | +32.7% | |
| Free cash flow | +279.6% | +70.5% | +22.4% | +11.0% | |
| Dividend per share | +2.8% | +1.6% | +2.0% | +1.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 52.2% | 108.7% | 371.5% | |
| Return on assets | 8.8% | 14.9% | 35.4% | |
| Current ratio | 1.92 | 1.29 | 1.67 | |
| Debt to equity | 3.68 | 8.14 | 1.65 | |
| Net debt to EBITDA | 1.38× | 2.08× | 0.43× | |
| Interest coverage | 4.7× | 6.8× | 14.4× | |
| Inventory turnover | 8.2× | 6.6× | 4.4× | |
| Capex to revenue | 4.0% | 4.7% | 4.7% | |
| Diluted shares | 299M | 245M | 229M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Seagate Technology generated $8.27B from operations and spent $7.18B on capital expenditure, dividends and share buybacks. 25% of that went back into the business.
Generated
$8.27B
Used
$7.18B
Capital expenditure$1.79B25%Dividends$3.01B42%Share buybacks$2.38B33%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin26.1%
×Asset turnover1.36×
×Equity multiplier10.50×
=Return on equity, FY2026371.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 26.1% | 1.36× | 10.50× | 371.5% |
| FY2025 | 16.1% | 1.15× | -8.11× | -151.1% |
| FY2024 | 5.1% | 0.86× | -5.69× | -24.9% |
| FY2023 | -7.2% | 0.90× | -15.14× | 97.1% |
| FY2022 | 14.1% | 1.32× | 23.81× | 445.7% |
| FY2021 | 12.3% | 1.21× | 7.28× | 108.7% |
| FY2020 | 9.6% | 1.18× | 4.51× | 50.8% |
| FY2019 | 19.4% | 1.14× | 4.78× | 105.1% |
| FY2018 | 10.6% | 1.20× | 6.17× | 78.0% |
| FY2017 | 7.2% | 1.23× | 5.91× | 52.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
8of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$3.18B
- Cash generatingOperating cash flow above zero$3.67B
- Return on assets improvedROA up on the prior year19.0% → 39.7%
- Earnings backed by cashOperating cash flow above net income$3.67B vs $3.18B
- Less leverageLong-term debt to assets fell62.3% → 33.9%
- Better liquidityCurrent ratio rose1.38 → 1.67
- No dilutionShare count did not rise217M → 229M
- Gross margin improvedGross margin up on the prior year35.18% → 45.58%
- More efficientAsset turnover rose1.18 → 1.52