Seagate Technology PLC (STX)
Operating profit margin
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 452,000 | 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 | 1,300,000 | 1,365,000 | 1,225,000 | 1,257,000 |
| Revenue (ttm) | US$ in thousands | 6,190,000 | 6,009,000 | 6,218,000 | 6,761,000 | 7,384,000 | 8,572,000 | 9,529,000 | 10,569,000 | 11,661,000 | 12,023,000 | 11,956,000 | 11,473,000 | 10,681,000 | 10,176,000 | 10,173,000 | 10,250,000 | 10,509,000 | 10,379,000 | 9,968,000 | 9,979,000 |
| Operating profit margin | 7.30% | 2.73% | -4.73% | -8.55% | -4.63% | -0.09% | 7.72% | 13.97% | 16.77% | 17.48% | 17.22% | 15.92% | 13.97% | 12.30% | 12.21% | 12.47% | 12.37% | 13.15% | 12.29% | 12.60% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $452,000K ÷ $6,190,000K
= 7.30%
Seagate Technology PLC's operating profit margin has shown fluctuations over the past few quarters. The operating profit margin was negative in the fourth quarter of 2019 and first quarter of 2020, indicating that the company's operating expenses were high relative to its revenue during those periods.
However, there was a significant improvement in the operating profit margin in the second quarter of 2020, reaching 16.77%, and remained relatively stable around the 12-17% range for the subsequent quarters. This suggests that Seagate was able to better control its operating expenses and generate higher operating profits during this period.
The operating profit margin dipped in the first quarter of 2023 but then gradually improved over the next few quarters, reaching 7.3% in the second quarter of 2024. While the company has shown resilience in maintaining positive operating profit margins overall, the fluctuations in performance indicate the need for continued focus on cost management and revenue generation strategies to ensure sustained profitability.
Peer comparison
Jun 30, 2024