undamentalytics Newsletter
Sign in

Seagate Technology key statistics and ratios

In fiscal 2026, Seagate Technology had an operating margin of 33.6%, debt equal to 166.3% of equity and a current ratio of 1.67. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2010Jul 20102011Jul 20112012Jun 20122013Jun 20132014Jun 20142015Jul 20152016Jul 20162017Jun 20172018Jun 20182019Jun 20192020Jul 20202021Jul 20212022Jul 20222023Jun 20232024Jun 20242025Jun 20252026Jul 2026LTMOct 2026
Gross margin28.1%19.6%31.4%27.5%28.0%27.7%23.4%29.5%30.1%28.2%27.0%27.3%29.7%18.3%23.4%35.2%45.6%50.4%
Operating margin15.3%7.3%20.8%14.6%12.9%15.0%4.0%9.8%14.6%14.3%12.4%14.0%16.8%−4.6%6.9%20.8%33.6%39.6%
Net margin14.1%4.7%19.2%12.8%11.4%12.7%2.2%7.2%10.6%19.4%9.6%12.3%14.1%−7.2%5.1%16.1%26.1%31.9%
Free-cash-flow margin11.3%3.8%17.6%15.8%14.6%13.9%9.8%13.8%15.6%11.2%10.7%10.6%10.9%8.5%10.1%9.0%25.5%30.1%
Return on equity59.1%19.7%96.0%52.6%49.6%59.6%10.8%52.2%78.0%105.1%50.8%108.7%—————156.4%
Return on assets19.5%5.8%29.6%19.0%16.8%18.0%2.7%8.8%12.7%22.0%11.3%14.9%18.7%−6.4%4.4%18.6%35.4%43.3%
Asset turnover1.381.261.551.481.471.421.241.231.201.141.181.211.320.900.861.151.361.36
Current ratio1.811.861.862.072.412.381.571.921.351.951.511.291.131.121.081.381.671.82
Debt to equity91.9%143.1%82.0%79.5%138.4%137.8%259.4%371.9%292.0%198.5%237.8%826.6%>999%———166.3%69.0%
Interest cover (operating income ÷ interest)10.0x3.8x12.9x9.8x9.1x9.9x2.3x4.7x6.9x6.6x6.5x6.8x7.9xn/m1.4x5.9x14.4x22.3x
Effective tax rate−2.5%11.7%0.7%−0.4%−0.9%11.6%9.5%5.3%16.6%−46.6%2.7%2.5%1.8%—24.7%2.9%13.7%13.1%
R&D as % of revenue7.7%8.0%6.7%7.9%8.9%9.8%11.1%11.4%9.2%9.5%9.3%8.5%8.1%10.8%10.0%8.0%6.2%5.6%
SG&A as % of revenue3.8%4.1%3.5%4.4%5.3%6.2%5.7%5.6%5.0%4.4%4.5%4.7%4.8%6.6%7.0%6.2%4.7%4.3%
Capital spending as % of revenue5.6%7.7%4.3%5.5%4.1%5.4%5.3%4.0%3.3%5.8%5.6%4.7%3.3%4.3%3.9%2.9%4.7%4.9%
Free cash flow ÷ net income80.4%82.4%91.8%123.0%127.3%109.2%440.7%192.0%147.8%57.6%112.5%85.8%77.4%—198.2%55.7%97.5%94.6%
Dividends ÷ net income0.0%14.5%13.0%28.2%35.5%38.1%293.1%72.7%61.4%35.4%67.0%49.4%37.0%—174.6%40.8%19.9%14.8%
Dividends and buybacks ÷ free cash flow45.2%212.8%106.5%96.1%123.5%92.0%166.2%68.9%62.2%144.6%134.9%239.0%188.8%158.1%88.1%73.3%26.1%28.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · October 2, 2026
What it owns · $10.3bn
Short-term assets $5.4bnLonger-term assets $4.9bn
What it owes, and who funded it · $10.3bn
Short-term liabilities $3.0bnLonger-term liabilities $3.9bnShareholders' equity $3.5bn
  • Short-term assets cover short-term liabilities $5.4bn of assets due within a year against $3.0bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $5.4bn short-term assets against $3.9bn of longer-dated liabilities.
  • More cash than debt $1.3bn of cash against $2.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 68% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 1333% to 68% over five years.
  • A year's operating cash flow covers at least 20% of debt $4.8bn of operating cash flow against $2.4bn of debt.
  • Operating profit covers interest at least five times over Operating income of $5.5bn against $245m of interest.

From Seagate Technology's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

56 /100

Moderate moat

How hard Seagate Technology's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 27.0% of total assets over 10 years.

  • Pricing power 4 / 20

    Gross margin has been a median 28.7%, moving by 8.4 percentage points (standard deviation) across 10 years.

  • Durability 4 / 20

    Operating margin has been a median 13.7%; its worst year was -8.5%.

  • Cash conversion 15 / 20

    Free cash flow was positive in 10 of 10 years, at a median 10.7% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 3.2% over five years; stock-based pay has been a median 1.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (61 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: STX vs WDCSTX vs XRXSNDK vs STX

More: Technology Hardware, Storage & Peripherals stocks compared, Technology sector, rankings of US companies

Figures from Seagate Technology's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Seagate Technology.