Company / Cost of Revenue
Seagate Technology Cost of Revenue History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$5.9B
FY2024
5-year range
$5.9B / $8.2B
FY2020-FY2024
Trend
-2.3%
vs FY2023
Sector context
#32 of 275
Information Technology
What the data says
Seagate Technology's cost of revenue of $5.9B is higher than 88% of companies in the Information Technology sector (FY2024). Improved from $8.2B to $5.9B over the past 2 years.
Based on SEC 10-K filings.
$5.9B in FY2024 with a 5-year CAGR of -4.6%. Top quartile in the Information Technology sector.
Improved from $8.2B to $5.9B over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- -8.8%
- 5-Year CAGR
- -4.6%
- 10-Year CAGR
- -
Sector benchmark
Bottom 12% in Information TechnologyTop 88% of 275This company $5.9B Sector average $4.0B
▼
+48.0% above sector average
Key checks
Key Insights
- 5-year CAGR of -4.6%, indicating a declining trend.
- In FY2024, cost of revenue decreased 2.3% year-over-year.
- Ranks #32 out of 275 companies in the Information Technology sector.
- Peak cost of revenue was recorded in FY2015.
Company context
Key Data Points
- Altman Z-Score 0.91 (distress zone, below 1.8 threshold)
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $5.9B | -2.3% |
| FY2023 | $6.0B | -26.4% |
| FY2022 | $8.2B | +5.5% |
| FY2021 | $7.8B | +1.3% |
| FY2020 | $7.7B | +2.8% |
| FY2019 | $7.5B | +0.0% |
| FY2018 | $7.5B | -4.6% |
| FY2017 | $7.8B | -8.5% |
| FY2016 | $8.5B | -13.9% |
| FY2015 | $9.9B | +0.5% |
As of FY2024 · SEC 10-K · Updated Jul 6, 2026