Western Digital Corporation (WDC)

Net profit 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
Net income (ttm)	US$ in thousands	1,846,000	1,633,000	1,248,000	380,000	-798,000	-1,552,000	-2,259,000	-2,418,000	-1,706,000	-690,000	-93,000	917,000	1,500,000	1,821,000	1,993,000	1,491,000	821,000	347,000	167,000	-34,000
Revenue (ttm)	US$ in thousands	13,279,000	14,438,000	15,601,000	14,348,000	13,003,000	11,911,000	11,257,000	11,332,000	12,318,000	14,174,000	15,752,000	17,478,000	18,793,000	19,185,000	18,941,000	18,051,000	16,922,000	16,289,000	16,327,000	16,618,000
Net profit margin		13.90%	11.31%	8.00%	2.65%	-6.14%	-13.03%	-20.07%	-21.34%	-13.85%	-4.87%	-0.59%	5.25%	7.98%	9.49%	10.52%	8.26%	4.85%	2.13%	1.02%	-0.20%

June 30, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,846,000K ÷ $13,279,000K
= 13.90%

The net profit margin of Western Digital Corporation has exhibited significant fluctuations from September 30, 2020, through June 30, 2025. Initially, the company experienced a loss of -0.20% as of September 30, 2020, indicating a period of unprofitability. By the end of 2020, the margin had improved to 1.02%, signaling a shift towards profitability. This positive trend continued into 2021, with margins rising to 2.13% in March and further increasing to 4.85% by June 2021. The most substantial improvement occurred between September 2021 and December 2021, with the margin reaching 10.52%, reflecting a period of robust profitability.

However, starting in early 2022, the net profit margin began to decline. From a peak of approximately 10.52% at the end of 2021, the margin decreased to 9.49% in March 2022, then further to 7.98% by June 2022, and 5.25% by September 2022. The decline intensified into 2023, with margins dipping into negative territory, reaching -0.59% at the end of 2022 and worsening to -4.87% in March 2023. The trend of rising losses persisted into June 2023, with a margin of -13.85%, and continued into September 2023, where it was at -21.34%. The negative margin persisted through December 2023 and March 2024, though with slight improvements, at -20.07% and -13.03% respectively.

From mid-2024 onward, the company showed signs of recovery; the net profit margin turned positive again, reaching 2.65% by September 2024 and improving further to 8.00% by December 2024. The upward trend continued into 2025, with the margin rising to 11.34% in March and reaching 14.16% by June 2025. Overall, the data indicates a period of initial recovery and growth in profitability during 2021, followed by a sharp decline through 2022 and 2023, and a gradual return to profitability beginning in late 2024 and into mid-2025.