Loading…
Seagate Technology Holdings plc engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally. The company offers mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. It also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, Expansion, and Basics product lines, as well as under the LaCie brand name; desktop drives for personal computers and workstation applications; notebook drives traditional notebooks, convertible systems, and external storage applications, DVR HDDs for video streaming applications, and gaming SSDs for gaming rigs. In addition, the company provides Lyve edge-to-cloud mass capacity platform, that includes modular hardware and software to support enterprises' on-premise and cloud storage infrastructure needs. It sells its products primarily to original equipment manufacturers, distributors, and retailers. The company was founded in 1978 and is based in Singapore.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $9.1B | $2.1B | $1.5B | $818M | -324.3% | 38.9% | 338.5% |
| 2024 | $6.6B | $1.0B | $335M | $664M | -22.5% | -11.3% | -163.3% |
| 2023 | $7.4B | $330M | $-529M | $626M | 44.1% | -36.7% | -132.1% |
| 2022 | $11.7B | $2.4B | $1.6B | $1.3B | 1512.8% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 11,661 | 7,384 | 6,551 | 9,097 |
| Cost Of Revenue | - | 8,192 | 6,033 | 5,015 | 5,897 |
| Gross Profit | - | 3,469 | 1,351 | 1,536 | 3,200 |
| Operating Expense | - | 1,511 | 1,291 | 1,114 | 1,285 |
| Operating Income | - | 1,958 | 60 | 422 | 1,915 |
| EBITDA | - | 2,379 | 330 | 1,041 | 2,085 |
| EBIT | - | 1,928 | -183 | 777 | 1,834 |
| Pretax Income | - | 1,679 | -496 | 445 | 1,513 |
| Tax Provision | - | 30 | 33 | 110 | 44 |
| Net Income | - | 1,649 | -529 | 335 | 1,469 |
| Net Income Common Stockholders | - | 1,649 | -529 | 335 | 1,469 |
| Total Expenses | - | 9,703 | 7,324 | 6,129 | 7,182 |
| Interest Expense | - | 249 | 313 | 332 | 321 |
| Interest Income | - | 2 | 10 | 15 | 25 |
| Research And Development | - | 941 | 797 | 654 | 724 |
| Selling General And Administration | - | 559 | 491 | 460 | 561 |
| Normalized EBITDA | - | 2,382 | 542 | 623 | 2,109 |
| Normalized Income | - | 1,651.95 | -353.04 | 20.33 | 1,492.30 |
| Market Cap | 131,335 | 131,335 | 131,335 | 131,335 | 131,335 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Seagate Technology Holdings plcthis co. | STX | - | 89.40↑ premium | -289.92 | -324.3% | 64.96 |
| Akamai Technologies, Inc. | AKAM | $13.8B | 31.02 | 2.82 | 9.1% | 13.99 |
| FormFactor, Inc. | FORM | $12.0B | 222.39 | 11.68 | 5.3% | 111.80 |
| GoDaddy Inc. | GDDY | $11.9B | 13.11 | 53.34 | 406.8% | 11.07 |
| Gen Digital Inc. | GEN |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $11.8B |
| 17.93 |
| 5.08 |
| 28.3% |
| 9.30 |
| Zebra Technologies Corporation | ZBRA | $11.6B | 26.73 | 3.12 | 11.7% | 16.15 |
| Gartner, Inc. | IT | $11.3B | 13.94 | 31.77 | 228.0% | 9.11 |
| Jack Henry & Associates, Inc. | JKHY | $11.0B | 24.00 | 5.13 | 21.4% | - |
| Sanmina Corporation | SANM | $10.4B | 42.67 | 4.46 | 10.4% | 20.60 |
| Peer Median | - | 25.37 | 5.11 | 16.5% | 13.99 | |