Seagate Technology PLC (STX)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,513,000 | 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 |
| 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 |
| Pretax margin | 16.63% | 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% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,513,000K ÷ $9,097,000K
= 16.63%
The pretax margin of Seagate Technology PLC has exhibited significant fluctuations over the analyzed period. In the fiscal year ending September 30, 2020, the pretax margin was 10.30%, indicating a modest level of profitability before taxes. This margin declined slightly to 9.93% by December 31, 2020, and remained steady through March 31, 2021.
Beginning in June 2021, the pretax margin improved markedly, reaching 12.62%, and continued its upward trend into September 2021 at 14.46%, reflecting enhanced profitability efficiencies or favorable market conditions. The upward momentum persisted into the end of 2021, with margins at 15.72%, and remained relatively stable through March 2022 at 15.73%. However, a decline was observed in the subsequent quarters, with margins decreasing to 14.40% by June 2022 and further declining to 11.09% in September 2022.
A pronounced decline occurred through the end of 2022 and into the first quarter of 2023; the pretax margin fell to 6.64% in December 2022, turned negative at -1.55% in March 2023, and deepened to -6.72% in June 2023. The negative trend persisted into September 2023 with a margin of -9.85%, and continued through December 2023 at -9.83%. However, an improvement was observed by March 2024, with the margin rising to -2.84%, followed by a positive turnaround in June 2024 at 6.79%, and further increase to 12.50% by September 2024. The positive trend continued with margins reaching 15.71% in December 2024, and improving further to 18.26% in March 2025. The margin slightly decreased to 16.63% in June 2025.
Overall, the pretax margin demonstrates periods of growth emphasizing improved profitability, particularly in late 2021 through early 2022, interspersed with significant downturns resulting in negative margins during 2023. Recent trends indicate a recovery and positive margins resurgence, reflecting possible enhancements in operational efficiency, market conditions, or cost management strategies.
Peer comparison
Jun 30, 2025