Seagate Technology Income Statement

STX / Information Technology|15 years of annual SEC 10-K data (FY2010-FY2024)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Seagate Technology reported $9.1B in revenue and $1.5B in net income for FY2024. Revenue has declined at a 1.6% compound annual rate over the past 14 years.

Based on SEC 10-K filings.

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.

Item	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Revenue	$9.1B	$7.4B	$11.7B	$10.7B	$10.5B	$10.4B	$10.4B	$11.2B	$11.2B	$13.7B	$13.7B	$13.7B	$14.4B	$11.0B	$11.4B
Cost of Revenue	$5.9B	$6.0B	$8.2B	$7.8B	$7.7B	$7.5B	$7.5B	$7.8B	$8.5B	$9.9B	$9.9B	$9.9B	$10.4B	$8.8B	$8.2B
SG&A Expense	$561.0M	$491.0M	$559.0M	$502.0M	$473.0M	$453.0M	$453.0M	$562.0M	$635.0M	$857.0M	$722.0M	$722.0M	$635.0M	$445.0M	$437.0M
R&D Expense	$724.0M	$797.0M	$941.0M	$903.0M	$973.0M	$991.0M	$991.0M	$1.0B	$1.2B	$1.4B	$1.2B	$1.2B	$1.1B	$875.0M	$877.0M
Operating Income	$1.9B	-$342.0M	$2.0B	$1.5B	$1.3B	$1.5B	$1.5B	$1.6B	$445.0M	$2.1B	$1.8B	$1.8B	$2.1B	$806.0M	$1.7B
Interest Expense	-	$313.0M	$249.0M	$220.0M	$201.0M	$224.0M	$224.0M	$236.0M	$193.0M	$207.0M	$195.0M	$195.0M	$214.0M	$214.0M	$174.0M
Income Tax	$44.0M	$33.0M	$30.0M	$34.0M	$28.0M	-$640.0M	-$640.0M	$236.0M	$26.0M	$228.0M	-$14.0M	-$14.0M	-$7.0M	$68.0M	-$40.0M
Net Income	$1.5B	-$529.0M	$1.6B	$1.3B	$1.0B	$2.0B	$2.0B	$1.2B	$248.0M	$1.7B	$1.6B	$1.6B	$1.8B	$511.0M	$1.6B
EPS (Basic)	$6.93	-$2.56	$7.50	$5.43	$3.83	$7.13	$7.13	$4.10	$0.83	$5.38	$4.66	$4.66	$4.97	$1.13	$3.28
EPS (Diluted)	$6.77	-$2.56	$7.36	$5.36	$3.79	$7.06	$7.06	$4.05	$0.82	$5.26	$4.52	$4.52	$4.81	$1.09	$3.14
Shares Outstanding	210.2M	207.4M	209.9M	227.3M	256.7M	269.1M	287.2M	291.8M	298.6M	315.4M	326.5M	359.4M	396.0M	424.6M	493.0M
Operating Margin	20.8%	-4.6%	16.8%	14.0%	12.4%	14.3%	14.3%	14.6%	4.0%	15.0%	12.9%	12.9%	14.6%	7.3%	15.3%
Profit Margin	16.2%	-7.2%	14.1%	12.3%	9.6%	19.4%	19.4%	10.6%	2.2%	12.7%	11.4%	11.4%	12.8%	4.7%	14.1%

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Seagate Technology Profile All Financial Data

Item

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

FY2010

Revenue

$9.1B

$7.4B

$11.7B

$10.7B

$10.5B

$10.4B

$11.2B

$13.7B

$14.4B

$11.0B

$11.4B

Cost of Revenue

$5.9B

$6.0B

$8.2B

$7.8B

$7.7B

$7.5B

$7.8B

$8.5B

$9.9B

$10.4B

$8.8B

$8.2B

SG&A Expense

$561.0M

$491.0M

$559.0M

$502.0M

$473.0M

$453.0M

$562.0M

$635.0M

$857.0M

$722.0M

$635.0M

$445.0M

$437.0M

R&D Expense

$724.0M

$797.0M

$941.0M

$903.0M

$973.0M

$991.0M

$1.0B

$1.2B

$1.4B

$1.2B

$1.1B

$875.0M

$877.0M

Operating Income

$1.9B

-$342.0M

$2.0B

$1.5B

$1.3B

$1.5B

$1.6B

$445.0M

$2.1B

$1.8B

$2.1B

$806.0M

$1.7B

Interest Expense

$313.0M

$249.0M

$220.0M

$201.0M

$224.0M

$236.0M

$193.0M

$207.0M

$195.0M

$214.0M

$174.0M

Income Tax

$44.0M

$33.0M

$30.0M

$34.0M

$28.0M

-$640.0M

$236.0M

$26.0M

$228.0M

-$14.0M

-$7.0M

$68.0M

-$40.0M

Net Income

$1.5B

-$529.0M

$1.6B

$1.3B

$1.0B

$2.0B

$1.2B

$248.0M

$1.7B

$1.6B

$1.8B

$511.0M

$1.6B

EPS (Basic)

$6.93

-$2.56

$7.50

$5.43

$3.83

$7.13

$4.10

$0.83

$5.38

$4.66

$4.97

$1.13

$3.28

EPS (Diluted)

$6.77

-$2.56

$7.36

$5.36

$3.79

$7.06

$4.05

$0.82

$5.26

$4.52

$4.81

$1.09

$3.14

Shares Outstanding

210.2M

207.4M

209.9M

227.3M

256.7M

269.1M

287.2M

291.8M

298.6M

315.4M

326.5M

359.4M

396.0M

424.6M

493.0M

Operating Margin

20.8%

-4.6%

16.8%

14.0%

12.4%

14.3%

14.6%

4.0%

15.0%

12.9%

14.6%

7.3%

15.3%

Profit Margin

16.2%

-7.2%

14.1%

12.3%

9.6%

19.4%

10.6%

2.2%

12.7%

11.4%

12.8%

4.7%

14.1%