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 | 1,880,000 | 1,637,000 | 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 | 14.16% | 11.34% | 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)
= $1,880,000K ÷ $13,279,000K
= 14.16%
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.
Peer comparison
Jun 30, 2025
See also:
Western Digital Corporation Net Profit Margin (Quarterly Data)