Seagate Technology PLC (STX)
Net profit margin
| 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,494,000 | 1,179,000 | 824,000 | 335,000 | -270,000 | -728,000 | -742,000 | -529,000 | -161,000 | 618,000 | 1,152,000 | 1,649,000 | 1,855,000 | 1,838,000 | 1,617,000 | 1,314,000 | 998,000 | 989,000 | 1,027,000 | 1,004,000 |
| Revenue (ttm) | US$ in thousands | 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 | 10,509,000 |
| Net profit margin | 17.49% | 14.67% | 11.34% | 5.11% | -4.31% | -11.25% | -10.91% | -7.16% | -1.91% | 6.61% | 10.89% | 14.14% | 15.40% | 15.35% | 14.08% | 12.30% | 9.80% | 9.72% | 10.02% | 9.55% |
March 31, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,494,000K ÷ $8,540,000K
= 17.49%
The net profit margin of Seagate Technology PLC demonstrates significant variability over the analyzed period, reflecting fluctuations in profitability across fiscal quarters from June 2020 through March 2025.
Initially, the company exhibited relatively stable and modest profit margins in 2020, with values staying within approximately 9.5% to 10% by the end of September 2020, indicating consistent profitability relative to revenues during that period. This margin saw a slight improvement toward the end of 2020 and into early 2021, reaching approximately 9.72% at year-end 2020 and climbing to 9.80% in March 2021.
A notable upward trend began from mid-2021, with the net profit margin increasing markedly, peaking at 15.40% in March 2022. This period reflects improved profitability, which may be attributable to favorable pricing, cost efficiencies, or other operational factors.
Subsequently, the margin declined sharply starting in mid-2022, falling to 14.14% by June 2022, and continuing downward through the latter part of 2022 and into the first half of 2023. By March 2023, the margin had turned negative at -1.91%, indicating that net losses were prevailing during that quarter. This negative trend persisted into the subsequent quarters, with the margin decreasing further to -7.16% in June 2023 and -10.91% in September 2023, culminating in a -11.25% figure by the end of 2023. The negative margins suggest operational or market challenges severely impacting profitability during this period.
In 2024, there is a noticeable turnaround, with the margin moving back into positive territory. It shifts from -4.31% in March to 5.11% in June, then continues an improving trajectory through September (11.34%) and December (14.67%). This trend indicates a recovery in profitability, possibly driven by operational improvements, market conditions, or other strategic adjustments.
Looking forward, the first quarter of 2025 shows a further increase to 17.49%, suggesting sustained or enhanced profitability prospects. Overall, the net profit margin analysis reveals periods of stable profitability, sharp declines into losses during 2023, and subsequent recovery phases, highlighting volatility likely driven by market dynamics, operational challenges, and strategic responses over the analyzed period.
Peer comparison
Mar 31, 2025