Seagate Technology PLC (STX)
Gross profit margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,200,000 | 1,536,000 | 1,351,000 | 3,469,000 | 2,917,000 |
| Revenue | US$ in thousands | 9,097,000 | 6,551,000 | 7,384,000 | 11,661,000 | 10,681,000 |
| Gross profit margin | 35.18% | 23.45% | 18.30% | 29.75% | 27.31% |
June 30, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,200,000K ÷ $9,097,000K
= 35.18%
The gross profit margin of Seagate Technology PLC has exhibited significant fluctuations over the analyzed period from June 30, 2021, to June 30, 2025.
As of June 30, 2021, the gross profit margin stood at 27.31%, indicating that roughly 27.3% of revenue remained after deducting the cost of goods sold. This margin increased to 29.75% by June 30, 2022, reflecting an improvement in profitability at the gross level, possibly due to better cost control, pricing strategies, or a more favorable product mix.
However, a notable decline occurred by June 30, 2023, with the gross profit margin dropping sharply to 18.30%. This substantial decrease could be indicative of increased costs, a reduction in selling prices, or shifts in product mix towards lower-margin offerings. External factors such as supply chain disruptions, inflationary pressures, or competitive dynamics may also have contributed to this decline.
In the subsequent year, the gross profit margin demonstrated some recovery, rising to 23.45% as of June 30, 2024. This partial rebound suggests management may have implemented strategic measures to stabilize gross profitability, although the margin remained below the levels observed in 2021 and 2022.
Looking forward, the gross profit margin appears to have improved markedly, reaching 35.18% by June 30, 2025. This represents the highest margin within the observed timeframe, implying a significant enhancement in gross profitability. Such an increase could be attributable to improved operational efficiency, better product pricing strategies, changes in product mix favoring high-margin items, or favorable shifts in cost structures.
Overall, the data reveals a volatile gross profit margin trajectory for Seagate Technology PLC over these years. After experiencing a sharp decline in 2023, followed by a recovery, the company’s gross profit margin in 2025 surpasses all previous levels, indicating a strong positioning at the gross level as of the most recent period analyzed.
Peer comparison
Jun 30, 2025