Company / Operating Income
Seagate Technology Operating Income History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$1.9B
FY2024
5-year range
-$342.0M / $2.0B
FY2020-FY2024
Trend
+652.6%
vs FY2023
Sector context
#27 of 300
Information Technology
What the data says
Operating Income changed +653% YoY in FY2024, a notable deviation from the 9-year average annual change of +83%.
Based on SEC 10-K filings.
$1.9B in FY2024 with a 5-year CAGR of +4.9%. Top quartile in the Information Technology sector.
Declined from $2.0B to $1.9B over the past 2 years.
Information Technology sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- +8.2%
- 5-Year CAGR
- +4.9%
- 10-Year CAGR
- -
Sector benchmark
Top 9% in Information TechnologyTop 9% of 300This company $1.9B Sector average $1.5B
▼
+25.3% above sector average
Key checks
Key Insights
- 5-year CAGR of +4.9%, indicating consistent growth.
- In FY2024, operating income increased 652.6% year-over-year.
- Ranks #27 out of 300 companies in the Information Technology sector.
- Peak operating income 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 | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $1.9B | +652.6% |
| FY2023 | -$342.0M | -117.5% |
| FY2022 | $2.0B | +31.0% |
| FY2021 | $1.5B | +14.8% |
| FY2020 | $1.3B | -12.6% |
| FY2019 | $1.5B | +0.0% |
| FY2018 | $1.5B | -9.0% |
| FY2017 | $1.6B | +267.2% |
| FY2016 | $445.0M | -78.4% |
| FY2015 | $2.1B | +15.9% |
As of FY2024 · SEC 10-K · Updated Jul 6, 2026