Seagate Technology PLC (STX)

Operating profit margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Operating income	US$ in thousands	1,890,000	452,000	-342,000	1,955,000	1,492,000
Revenue	US$ in thousands	9,097,000	6,551,000	7,384,000	11,661,000	10,681,000
Operating profit margin		20.78%	6.90%	-4.63%	16.77%	13.97%

June 30, 2025 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,890,000K ÷ $9,097,000K
= 20.78%

Seagate Technology PLC's operating profit margin has exhibited notable fluctuations over the reported periods. As of June 30, 2021, the company's operating profit margin stood at 13.97%, reflecting a relatively healthy profitability from core operations. This figure increased substantially by June 30, 2022, reaching 16.77%, indicating an improvement in operational efficiency and cost management during that year.

However, a significant downturn occurred by June 30, 2023, when the operating profit margin turned negative at -4.63%. This decline suggests that the company's core operational profits were insufficient to cover operating expenses during that fiscal year, potentially due to increased costs, lower revenues, or a combination of both. The negative margin indicates operational challenges faced in that period.

In the subsequent year, June 30, 2024, the operating profit margin recovered to 6.90%, implying an improvement in operational performance and possibly strategic adjustments or cost controls that contributed to restoring profitability. The most recent data for June 30, 2025, demonstrates a substantial positive shift, with the operating profit margin rising to 20.78%, which signifies a strong resurgence in profitability and improved operational efficiency.

Overall, the trend illustrates periods of growth, a significant setback in 2023, followed by a recovery and a robust margin in 2025. This pattern underscores the importance of operational factors and external influences affecting Seagate's profitability over time.