Company / Operating Margin
Seagate Technology Operating Margin History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
20.8%
FY2024
5-year range
-4.6% / 20.8%
FY2020-FY2024
Trend
+548.8%
vs FY2023
Sector context
#42 of 285
Information Technology
What the data says
Operating Margin changed +549% YoY in FY2024, a notable deviation from the 9-year average annual change of +70%.
Based on SEC 10-K filings.
20.8% in FY2024 with a 5-year CAGR of +6.5%. Top quartile in the Information Technology sector.
Improved from 16.8% to 20.8% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +6.8pp
- 5-Year Change
- +6.5pp
- 10-Year Change
- -
Sector benchmark
Top 15% in Information TechnologyTop 15% of 285This company 20.8% Sector average -211.5%
▼
+109.8% above sector average
Key checks
Key Insights
- In FY2024, operating margin increased 548.8% year-over-year.
- Currently 232.3pp above the Information Technology sector average.
- Lowest operating margin in the period was in FY2023.
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 MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | 20.8% | +548.8% |
| FY2023 | -4.6% | -127.6% |
| FY2022 | 16.8% | +20.0% |
| FY2021 | 14.0% | +12.9% |
| FY2020 | 12.4% | -13.6% |
| FY2019 | 14.3% | +0.0% |
| FY2018 | 14.3% | -2.1% |
| FY2017 | 14.6% | +266.2% |
| FY2016 | 4.0% | -73.4% |
| FY2015 | 15.0% | +15.8% |
As of FY2024 · SEC 10-K · Updated Jul 6, 2026