Seagate Technology PLC (STX)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,559,000 | 1,262,000 | 908,000 | 445,000 | -178,000 | -636,000 | -670,000 | -496,000 | -130,000 | 621,000 | 1,173,000 | 1,679,000 | 1,895,000 | 1,883,000 | 1,660,000 | 1,348,000 | 1,011,000 | 1,010,000 | 1,055,000 | 1,032,000 |
| 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 |
| Pretax margin | 18.26% | 15.71% | 12.50% | 6.79% | -2.84% | -9.83% | -9.85% | -6.72% | -1.55% | 6.64% | 11.09% | 14.40% | 15.73% | 15.72% | 14.46% | 12.62% | 9.93% | 9.93% | 10.30% | 9.82% |
March 31, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,559,000K ÷ $8,540,000K
= 18.26%
The analysis of Seagate Technology PLC's pretax margin over the specified period reveals notable fluctuations influenced by various operational and market factors. From June 30, 2020, through March 31, 2021, the company's pretax margin remained relatively stable, oscillating narrowly between approximately 9.82% and 10.30%. During this period, the margins indicate consistent profitability levels despite broader market uncertainties.
Between June 30, 2021, and March 31, 2022, the pretax margin experienced a marked uplift, ascending from 12.62% to 15.73%. This upward trend suggests improved operational efficiency, favorable market conditions, or enhanced product margins during this timeframe. The peak around March 31, 2022, signifies the company's strongest pretax profitability within this period.
Subsequently, the margin experienced a decline, dropping to 6.64% by December 31, 2022. This decrease could reflect increased costs, market pressures, or competitive challenges impacting profitability. The negative pretax margins recorded from March 31, 2023, through December 31, 2023, (reaching as low as -9.85%) indicate periods of operational losses or extraordinary expenses outweighing revenues.
In the most recent quarters, a recovery trend is evident. From March 31, 2024, onward, the pretax margin transitioned back into positive territory, reaching 6.79% by June 30, 2024, and further improving to 12.50% by September 30, 2024. This resurgence reflects a substantial turnaround in profitability, culminating in a projected margin of 18.26% for March 31, 2025. Overall, the pretax margin trend illustrates significant volatility, characterized by periods of recovery and contraction, with recent data indicating a positive trajectory for Seagate's profitability, aligning with marked improvements in operational efficiency and market conditions.
Peer comparison
Mar 31, 2025