Seagate Technology PLC (STX)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,200,000 | 2,886,000 | 2,551,000 | 2,101,000 | 1,536,000 | 1,240,000 | 1,134,000 | 1,018,000 | 1,351,000 | 1,806,000 | 2,293,000 | 2,995,000 | 3,469,000 | 3,595,000 | 3,529,000 | 3,277,000 | 2,917,000 | 2,699,000 | 2,705,000 | 2,767,000 |
| Revenue (ttm) | US$ in thousands | 9,097,000 | 8,540,000 | 8,035,000 | 7,265,000 | 6,551,000 | 6,266,000 | 6,471,000 | 6,803,000 | 7,384,000 | 8,410,000 | 9,352,000 | 10,581,000 | 11,661,000 | 12,046,000 | 11,975,000 | 11,482,000 | 10,681,000 | 10,185,000 | 10,172,000 | 10,245,000 |
| Gross profit margin | 35.18% | 33.79% | 31.75% | 28.92% | 23.45% | 19.79% | 17.52% | 14.96% | 18.30% | 21.47% | 24.52% | 28.31% | 29.75% | 29.84% | 29.47% | 28.54% | 27.31% | 26.50% | 26.59% | 27.01% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,200,000K ÷ $9,097,000K
= 35.18%
The gross profit margin of Seagate Technology PLC has exhibited notable fluctuations over the analyzed period, reflecting variations in the company's cost management and pricing strategies. From September 30, 2020, to June 30, 2021, the gross profit margin stabilized around an average of approximately 27%, with minor fluctuations ranging from 26.50% to 28.54%. This period indicates a relatively stable margin, suggesting effective management of production costs and stable revenue streams.
Subsequently, there was a gradual upward trend observed from September 30, 2021, to March 31, 2022, with margins increasing from 28.54% to a high of 29.84%. This ascent suggests improved efficiency or favorable pricing conditions in this timeframe. However, starting from September 30, 2022, the gross profit margin exhibited a downward trajectory, declining sharply from 28.31% to as low as 14.96% by September 30, 2023. The significant reduction indicates potential challenges such as increased cost pressures, competitive pricing strategies, or market dynamics affecting profitability.
Notably, the margins display signs of partial recovery thereafter, with an upward trend from December 31, 2023, onward. Specifically, margins rose from 17.52% at the end of 2023 to 28.92% as of September 30, 2024, and further increased to 35.18% by June 30, 2025. The trajectory in the later period suggests an improvement in cost controls or pricing power, leading to higher profitability.
Overall, the gross profit margin demonstrates periods of stability, decline, and subsequent recovery, highlighting the company's responsiveness to market conditions and internal operational efficiencies over time. The recent upward trend indicates a positive outlook regarding gross profitability potential.
Peer comparison
Jun 30, 2025