Seagate Technology PLC (STX)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,469,000 | 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 |
| 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 |
| Net profit margin | 16.15% | 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% |
June 30, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,469,000K ÷ $9,097,000K
= 16.15%
The net profit margin of Seagate Technology PLC has experienced significant fluctuations over the analyzed period, reflecting varying operational and market conditions. From September 30, 2020, through December 31, 2021, the company demonstrated a general upward trajectory, with margins increasing from approximately 10.02% to a peak of 15.35%. This indicates improving profitability and effective cost management during this period, likely driven by favorable market demand and operational efficiencies.
However, starting in the fiscal year ending March 31, 2022, a downward trend emerged, culminating in negative net profit margins by March 31, 2023. Notably, the margin declined from 15.40% in Q2 2022 to -1.91% in Q1 2023, and further into negative territory reaching -10.91% by September 30, 2023. This shift suggests challenges such as increased costs, competitive pressures, market downturns, or extraordinary expenses impacting profitability.
Subsequently, the margins showed signs of recovery. By June 30, 2024, the net profit margin turned positive at 5.11%, and continued to improve into September 2024 (11.34%) and December 2024 (14.67%). The positive trend persisted into early 2025, with margins reaching 17.49% in March 2025 before slightly decreasing to 16.15% in June 2025. These movements suggest a phase of operational stabilization and improvement, potentially driven by price recoveries, cost reductions, or product portfolio enhancements.
Overall, the net profit margin trend exhibits periods of growth, substantial decline into negative territory, and subsequent recovery. The recent data indicates an improving profitability outlook, although the historical volatility underscores the company's sensitivity to market dynamics and operational challenges.
Peer comparison
Jun 30, 2025