Seagate Technology is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.
It is a $178B technology company. Revenue grew 34.1% over the last year, it keeps 26¢ of every dollar of sales as profit, and its net debt equals ~1.3 years of free cash flow. It trades at 55.9× earnings.
- Website
- seagate.com
- Location
- Singapore, U0
- Employees
- 30 000
- Sector
- Technology
- Founded
- 1978
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability and quality; Valuation, Growth and Health lag behind.
Valuation10
- P/E vs own history86th pct · 0/25
- FCF yield1.7% · 5/25
- P/S14.6x · 5/25
- EV/EBITDA42.6x · 0/25
Growth45
- Revenue CAGR13.4% · 20/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Y-1.7% · 0/25
- Fwd implied growth149.0% · 25/25
Profitability100
- ROIC40.2% · 25/25
- ROE212.4% · 25/25
- Net margin26.1% · 25/25
- Operating margin32.3% · 25/25
Health43
- Altman Zn/a · 0/25
- Current ratio1.67 · 18/25
- Interest coverage15.5x · 25/25
- Net cash / debtD/A 51% · 0/25
Quality84
- Piotroski F7/9 · 22/25
- Beneish M-6.57 · 25/25
- FCF conversion101% · 25/25
- Margin stabilityσ 8.9% · 12/25
Moat51
- ROIC >12% years10/12 yrs · 20/25
- Median gross margin28.8% · 6/25
- FCF-positive years12/12 yrs · 25/25
- Worst-year net marginworst -7.2% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialBest year on record$3.18B net income
- FY2016FinancialFirst recorded profitable year$248M net income
- FY2016FinancialRevenue already above $10B$11.2B in first reported year
- FY2016FinancialPositive free cash flow every year since12-year streak
- 2010ProductSeagate released the world's first 3 TB hard drive
- 2008ProductSeagate was the first to ship one billion HDDs
- 2006AcquisitionThe plant became part of Seagate after Maxtor's acquisition in 2006
- 2005AcquisitionSeagate also acquired a license to use Samsung trademark on HDD products for five years
- 1996AcquisitionSeagate merged with Conner Peripherals to form the world's largest independent hard-drive manufacturer
- 1996ProductSeagate introduced the industry's first hard disk with a 10,000 RPM spindle speed, the Cheetah 4LP
- 1993MilestoneSeagate became the first company to cumulatively ship 50 million HDDs over its firm's history
- 1991ProductSeagate also introduced the Barracuda HDD, the industry's first hard disk with a 7,200 RPM spindle speed
- 1980ProductSeagate developed the first 5.25-inch hard disk drive (HDD), the 5-megabyte ST-506, in 1980
- Nov 1, 1978FoundedSeagate Technology (then called Shugart Technology) was incorporated on November 1, 1978
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (45.6%)
- Strongly profitable — 26.1% net margin
- Revenue growing 34.1% year over year
- Strong cash conversion — FCF is 25.5% of revenue
- Interest covered 15.5× by operating earnings
Watch-outs
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+34.1% YoY
- Profitable — makes more than it spends$3.18B TTM
- Profit growing — earnings are higher than last year+21.0% YoY
- Generates cash — cash left after running and investing$3.10B TTM
- Debt under control — could handle its obligations~1.3y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$178B market cap
- Not printing shares — share count not ballooning — you keep your slice-3.1% shares over ~5y
- Proven track record — years of profitability behind it11/12 profitable years
- Financially stable — balance sheet not near distresshealth score 43/100
- Pays a dividend — returns cash to shareholdersyield 0.36%
- Valuation not extreme — price not wildly above earningsP/E 55.9
Peer comparisonSeagate Technology Holdings PLC vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| STX this company | $177.6B | 55.9 | +34.1% | 26.1% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: STX vs NVDA · STX vs AAPL · STX vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2027. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/STX
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of STX on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $781.00 · market cap $178B.