Company / Profit Margin
Seagate Technology Profit Margin History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Profit Margin
16.2%
FY2024
5-year range
-7.2% / 16.2%
FY2020-FY2024
Trend
+325.6%
vs FY2023
Sector context
#60 of 294
Information Technology
What the data says
Profit Margin changed +326% YoY in FY2024, a notable deviation from the 9-year average annual change of +61%.
Based on SEC 10-K filings.
16.2% in FY2024 with a 5-year CAGR of -3.2%. Top quartile in the Information Technology sector.
Improved from 14.1% to 16.2% over the past 2 years.
Information Technology sector context is included.
Profit Margin over time
Growth rates
- 3-Year Change
- +3.9pp
- 5-Year Change
- -3.2pp
- 10-Year Change
- -
Sector benchmark
Top 20% in Information TechnologyTop 20% of 294This company 16.2% Sector average -281.9%
▼
+105.7% above sector average
Key checks
Key Insights
- In FY2024, profit margin increased 325.6% year-over-year.
- Currently 298.0pp above the Information Technology sector average.
- Peak profit margin was recorded in FY2019.
- Lowest profit 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 | Profit MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | 16.2% | +325.6% |
| FY2023 | -7.2% | -150.6% |
| FY2022 | 14.1% | +15.0% |
| FY2021 | 12.3% | +28.8% |
| FY2020 | 9.6% | -50.7% |
| FY2019 | 19.4% | +0.0% |
| FY2018 | 19.4% | +83.2% |
| FY2017 | 10.6% | +376.1% |
| FY2016 | 2.2% | -82.5% |
| FY2015 | 12.7% | +10.8% |
As of FY2024 · SEC 10-K · Updated Jul 6, 2026