Seagate Technology PLC (STX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,890,000 | 1,633,000 | 1,345,000 | 981,000 | 449,000 | 164,000 | -294,000 | -578,000 | -342,000 | -8,000 | 736,000 | 1,476,000 | 1,955,000 | 2,102,000 | 2,059,000 | 1,827,000 | 1,492,000 | 1,252,000 | 1,242,000 | 1,278,000 |
| 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 |
| Operating profit margin | 20.78% | 19.12% | 16.74% | 13.50% | 6.85% | 2.62% | -4.54% | -8.50% | -4.63% | -0.10% | 7.87% | 13.95% | 16.77% | 17.45% | 17.19% | 15.91% | 13.97% | 12.29% | 12.21% | 12.47% |
June 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,890,000K ÷ $9,097,000K
= 20.78%
The operating profit margin of Seagate Technology PLC has exhibited notable fluctuations over the analyzed period. Between September 2020 and September 2021, the margin demonstrated a consistent upward trend, rising from 12.47% to a peak of 15.91%, indicating improvements in operational efficiency or cost management relative to revenues.
However, starting from December 2021, the margin maintained a positive trajectory initially, reaching a high of 17.45% in March 2022, before experiencing a decline thereafter. By September 2022, the operating profit margin decreased to 13.95%, and continued its downward movement, reaching negative territory at -0.10% in March 2023, with subsequent lows of -4.63% in June 2023 and -8.50% in September 2023. This indicates that the company faced increasing operational challenges, possibly due to rising costs, declining sales, or industry-specific pressures, impacting profitability.
The negative margins persisted into early 2024, underscoring ongoing difficulties. Nevertheless, a reversal trend was observed starting in March 2024, with the operating profit margin transitioning back into positive territory at 2.62%. This positive momentum continued through mid-2024 and into the latter part of the year, culminating in a margin of 16.74% at the end of December 2024, and further improving to 19.12% in the first quarter of 2025. The upward trajectory persisted into June 2025, reaching 20.78%, which signals a significant recovery and potential improvement in operational performance and profitability.
Overall, the data reflects a period of initial growth, subsequent decline into losses, and a recovery phase culminating in increasingly robust margins, suggesting a possible stabilization and strengthening of Seagate’s operational efficiency over the forecasted period.
Peer comparison
Jun 30, 2025