Seagate Technology PLC (STX)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 1,163,000 | 1,040,000 | 1,102,000 |
| 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 |
| Pretax margin | 7.19% | -2.96% | -10.23% | -9.91% | -6.72% | -1.52% | 6.52% | 11.10% | 14.40% | 15.76% | 15.75% | 14.47% | 12.62% | 9.94% | 9.93% | 10.29% | 9.82% | 11.21% | 10.43% | 11.04% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $445,000K ÷ $6,190,000K
= 7.19%
Seagate Technology PLC's pretax margin has shown fluctuations over the past few quarters. The pretax margin indicates the company's ability to generate profits before accounting for taxes relative to its total revenue.
In the most recent quarter ending June 30, 2024, the pretax margin stood at 7.19%, reflecting an improvement compared to the previous quarter, where it was at -2.96%. This positive trend suggests that the company's profitability before tax has rebounded from the earlier decline.
Looking further back, the pretax margin values have varied significantly, with peaks observed in the quarters ending March 31, 2022, and December 31, 2021, at 15.76% and 15.75%, respectively. These high margins indicate strong profitability levels during those periods.
However, there have been periods of lower pretax margins, such as in the quarters ending December 31, 2023, and September 30, 2023, where the margins were -10.23% and -9.91%, respectively. This suggests challenges in profitability during those periods.
Overall, it is important for Seagate Technology PLC to monitor its pretax margin consistently and work on sustaining or improving its profitability levels to ensure sustainable business performance and financial health.
Peer comparison
Jun 30, 2024