Company / Net Income
Seagate Technology Net Income History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Net Income
$1.5B
FY2024
5-year range
-$529.0M / $1.6B
FY2020-FY2024
Trend
+377.7%
vs FY2023
Sector context
#36 of 317
Information Technology
What the data says
Net Income changed +378% YoY in FY2024, a notable deviation from the 9-year average annual change of +68%.
Based on SEC 10-K filings.
$1.5B in FY2024 with a 5-year CAGR of -6.1%. Top quartile in the Information Technology sector.
Declined from $1.6B to $1.5B over the past 2 years.
Information Technology sector context is included.
Net Income over time
Growth rates
- 3-Year CAGR
- +3.8%
- 5-Year CAGR
- -6.1%
- 10-Year CAGR
- -
Sector benchmark
Top 11% in Information TechnologyTop 11% of 317This company $1.5B Sector average $1.6B
▼
-7.7% below sector average
Key checks
Key Insights
- 5-year CAGR of -6.1%, indicating a declining trend.
- In FY2024, net income increased 377.7% year-over-year.
- Ranks #36 out of 317 companies in the Information Technology sector.
- Peak net income was recorded in FY2019.
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 | Net IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $1.5B | +377.7% |
| FY2023 | -$529.0M | -132.1% |
| FY2022 | $1.6B | +25.5% |
| FY2021 | $1.3B | +30.9% |
| FY2020 | $1.0B | -50.1% |
| FY2019 | $2.0B | +0.0% |
| FY2018 | $2.0B | +70.2% |
| FY2017 | $1.2B | +376.6% |
| FY2016 | $248.0M | -85.8% |
| FY2015 | $1.7B | +11.0% |
As of FY2024 · SEC 10-K · Updated Jul 6, 2026