Seagate Technology PLC (STX)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 335,000 | -529,000 | 1,649,000 | 1,314,000 | 1,004,000 |
| Revenue | US$ in thousands | 6,190,000 | 7,384,000 | 11,661,000 | 10,681,000 | 10,509,000 |
| Net profit margin | 5.41% | -7.16% | 14.14% | 12.30% | 9.55% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $335,000K ÷ $6,190,000K
= 5.41%
The net profit margin of Seagate Technology PLC has exhibited fluctuating trends over the past five years.
In the fiscal year ending June 30, 2024, the net profit margin improved to 5.41%, indicating the company generated a net profit of 5.41 cents for every dollar of revenue earned during that period.
However, the net profit margin was negative in the fiscal year ending June 30, 2023, at -7.16%, showcasing that the company incurred more expenses than it generated in revenue, resulting in a net loss.
The net profit margin significantly increased to 14.14% in the fiscal year ending June 30, 2022, highlighting a strong profitability performance compared to the previous years.
In the fiscal year ending June 30, 2021, the net profit margin was at 12.30%, indicating a slight decline from the preceding year but still demonstrating a profitable outcome.
Likewise, in the fiscal year ending June 30, 2020, the net profit margin stood at 9.55%, reflecting a steady performance in generating profits relative to the revenue earned.
Overall, the fluctuating nature of Seagate Technology PLC's net profit margin over the past five years suggests varying levels of profitability and operational efficiency within the company.
Peer comparison
Jun 30, 2024