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Seagate Technology Holdings (STX) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Technology•Computer Hardware
B
GoodMetricSide Score: 76/100
ProfitabilityProfit30/30
GrowthGrowth25/25
Balance SheetBalance6/25
Cash QualityCash15/20
Price & Volume
Market Cap $181.26B

Seagate Technology Holdings plc engages in the provision of data storage technology and infrastructure solutions in Singapore, the United States, the Netherlands, and internationally. The company offers mass capacity storage products, including enterprise nearline hard disk drives (HDDs), enterprise nearline solid state drives (SSDs), enterprise nearline systems, video and image HDDs, and network-attached storage drives. It also offers legacy applications comprising Mission Critical HDDs and SSDs; external storage solutions under the Seagate Ultra Touch, One Touch, Expansion, and Basics product lines, as well as under the LaCie brand name; desktop drives for personal computers and workstation applications; notebook drives traditional notebooks, convertible systems, and external storage applications, DVR HDDs for video streaming applications, and gaming SSDs for gaming rigs. In addition, the company provides Lyve edge-to-cloud mass capacity platform, that includes modular hardware and software to support enterprises' on-premise and cloud storage infrastructure needs. It sells its products primarily to original equipment manufacturers, distributors, and retailers. The company was founded in 1978 and is based in Singapore.

Moat Signals

Competitive analysis based on 62 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~23.5%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Moderate Moat

Limited ROE data for a reliable assessment.

Cash Generation

Strong Moat

Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~68.1% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 62 quarters

Some Concerns

Margin Pressure

Healthy

Margins are stable or improving at ~27.9% — no sign of cost or pricing stress.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Red Flag

Shares outstanding increased 5.7% — significant dilution, likely from stock compensation or capital raises.

Metrics at a Glance

as of April 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$11.01B
28.9%
Q. Revenue
$3.11B
TTM EBITDA
$3.50B
73.6%
TTM Op. Income
$3.10B
89.7%
Q. Op. Income
$998.00M
TTM Net Income
$2.38B
59.2%
Q. Net Income
$748.00M
EPS
$3.38
Shares Out.
$221.00M
4.2%
$11.01B in TTM revenue grew 28.9% YoY, reaching $3.11B last quarter. TTM EBITDA of $3.50B and TTM operating income of $3.10B shows growth is flowing through. Net income of $2.38B TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
46.5%
32.2%
EBITDA Margin
34.2%
Op. Margin
32.1%
60.7%
Net Margin
24.0%
52.7%
Op. margin of 32.1% is up 12.1% YoY — cost efficiency is improving. Net margin at 24.0% and gross margin of 46.5% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
76.2x
P/S Ratio
16.5x
P/B Ratio
165.5x
At 76.2x P/E, the stock trades at a premium — the market expects above-average growth. P/S of 16.5x and P/B of 165.5x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$8.89B
Cash
$1.15B
Long-Term Debt
$3.46B
Book Value
$1.09B
D/E Ratio
3.2
Debt/EBITDA
3.3
With $8.89B in assets and $3.46B in long-term debt, the D/E of 3.2and book value of $1.09B — indicates elevated leverage — the company has significant financial risk and may struggle in a downturn.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$1.11B
Free Cash Flow
$953.00M
341.2%
FCF Margin
8.7%
FCF / Net Income
1.3
FCF of $953.00M on $1.11B in operating cash flow. The FCF / Net Income ratio of 0.4x indicates partial cash conversion — earnings quality needs attention.

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