Seagate Technology PLC (STX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 1,300,000 |
| 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 |
| Operating profit margin | 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% | 12.37% |
March 31, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,633,000K ÷ $8,540,000K
= 19.12%
The operating profit margin of Seagate Technology PLC demonstrates notable fluctuations over the analyzed period from June 30, 2020, through March 31, 2025. Between June 2020 and September 2021, the margin shows a gradual upward trend, rising from approximately 12.37% to a peak of 17.19%. This period reflects a strengthening of operational efficiency and profitability.
However, commencing in December 2021, the operating margin peaks at 17.19%, followed by a slight increase to 17.45% in March 2022 before experiencing a decline to 16.77% in June 2022, and a more pronounced decrease to 13.95% by September 2022. The decline continues more sharply after December 2022, where the margin plunges to 7.87%, turning negative by March 2023 at -0.10%, indicating the company is experiencing substantial operational losses relative to its revenues.
The negative trajectory persists into June 2023 and September 2023, with the operating profit margin at -4.63% and -8.50%, respectively, coupled with a slight recovery to -4.54% in December 2023. These figures suggest periods of significant operational stress or restructuring, affecting profitability.
Starting in March 2024, the margin begins to recover, reaching positive territory at 2.62%, and this upward trend continues through June and September 2024 with margins of 6.85% and 13.50%, respectively. The positive momentum persists into the end of the period analyzed, with stabilized and improved margins of 16.74% in December 2024 and further increasing to 19.12% by March 2025.
Overall, the data reveals a pattern of initial growth and efficiency improvement leading up to late 2021, followed by a period of significant decline from late 2022 into early 2023, and subsequent recovery beginning in 2024. The fluctuating operating profit margin illustrates cyclical challenges and strategic adjustments within Seagate Technology PLC, with recent performance indicating a return to healthier profitability levels.
Peer comparison
Mar 31, 2025