WDC · Western Digital Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · WDC

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$9.52B	$13.00B	$12.32B	$18.79B	$16.92B	$16.74B
Cost of Revenue	$5.83B	$10.06B	$10.43B	$12.92B	$12.40B	$12.96B
Gross Profit	$3.69B	$2.94B	$1.89B	$5.87B	$4.52B	$3.78B
R&D	$994.00M	$1.91B	$2.01B	$2.32B	$2.24B	$2.26B
SG&A	$568.00M	$828.00M	$970.00M	$1.12B	$1.10B	$1.15B
Total Operating Expenses	$1.36B	$3.26B	$3.17B	$3.48B	$3.30B	$3.45B
D&A	$451.00M	$568.00M	$828.00M	$929.00M	$1.21B	$1.57B
Operating Income	$2.33B	($317.00M)	($1.28B)	$2.39B	$1.22B	$335.00M
Interest Expense	$357.00M	$304.00M	$312.00M	$304.00M	$326.00M	$413.00M
Income Tax	($513.00M)	$137.00M	$146.00M	$623.00M	$106.00M	$204.00M
Net Income	$1.89B	($798.00M)	($1.71B)	$1.50B	$821.00M	($250.00M)
EPS - Basic	$5.31	($1.97)	($4.11)	$3.64	$2.03	($0.63)
EPS - Diluted	$5.12	($1.97)	($4.11)	$3.59	$2.01	($0.63)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$2.11B	$1.88B	$2.02B	$2.33B	$3.37B	$3.05B
Accounts Receivable	$1.49B	$2.17B	$1.60B	$2.80B	$2.26B	$2.38B
Inventory	$1.29B	$3.34B	$3.70B	$3.64B	$3.62B	$3.07B
Accounts Payable	$1.05B	-	-	$1.90B	$1.93B	$1.95B
Current Assets	$5.86B	$8.06B	$7.89B	$9.45B	$9.76B	$9.05B
Total Assets	$14.00B	$24.19B	$24.43B	$26.26B	$26.13B	$25.66B
Current Liabilities	$5.42B	$6.09B	$5.43B	$5.24B	$4.87B	$4.41B
Long-term Debt	$2.48B	$5.68B	$5.86B	$7.02B	$8.47B	$9.29B
Total Liabilities	$8.46B	$13.14B	$12.71B	$14.04B	$15.41B	$16.11B
Stockholders' Equity	$5.31B	$10.82B	$10.85B	$12.22B	$10.72B	$9.55B
Retained Earnings	$762.00M	$6.78B	$7.42B	$9.04B	$7.54B	$6.72B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$1.69B	($294.00M)	($408.00M)	$1.88B	$1.90B	$824.00M
Investing Cash Flow	$150.00M	($27.00M)	($762.00M)	($1.19B)	($765.00M)	$278.00M
Financing Cash Flow	($1.61B)	$187.00M	$875.00M	($1.72B)	($817.00M)	($1.51B)
CapEx	$412.00M	$487.00M	$821.00M	$1.12B	$1.15B	$647.00M
Free Cash Flow	$1.28B	($781.00M)	($1.23B)	$758.00M	$752.00M	$177.00M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	38.8%	22.6%	15.3%	31.3%	26.7%	22.6%
Operating margin	24.5%	-2.4%	-10.4%	12.7%	7.2%	2.0%
EBITDA margin	29.3%	1.9%	-3.7%	17.7%	14.4%	11.4%
Net margin	19.8%	-6.1%	-13.8%	8.0%	4.9%	-1.5%
Free cash flow margin	13.4%	-6.0%	-10.0%	4.0%	4.4%	1.1%
FCF / Net income	0.68	0.98	0.72	0.51	0.92	-0.71
R&D / Revenue	10.4%	14.7%	16.3%	12.4%	13.3%	13.5%
SG&A / Revenue	6.0%	6.4%	7.9%	5.9%	6.5%	6.9%
Effective tax rate	-37.3%	-	-	29.3%	11.4%	-
Return on assets	13.5%	-3.3%	-7.0%	5.7%	3.1%	-1.0%
Return on equity	35.6%	-7.4%	-15.7%	12.3%	7.7%	-2.6%
Return on invested capital	29.9%	-1.5%	-6.1%	8.8%	5.6%	1.4%
Liquidity
Current ratio	1.08	1.32	1.45	1.81	2.00	2.05
Quick ratio	0.84	0.78	0.77	1.11	1.26	1.36
Cash ratio	0.39	0.31	0.37	0.44	0.69	0.69
Leverage
Debt / Equity	0.47	0.53	0.54	0.57	0.79	0.97
Debt / Assets	0.18	0.23	0.24	0.27	0.32	0.36
Debt / EBITDA	0.89	22.65	-	2.12	3.48	4.89
Interest coverage	6.5x	-1.0x	-4.1x	7.9x	3.7x	0.8x
Equity multiplier	2.64	2.24	2.25	2.15	2.44	2.69
Liabilities / Assets	0.60	0.54	0.52	0.53	0.59	0.63
Efficiency
Asset turnover	0.68	0.54	0.50	0.72	0.65	0.65
Inventory turnover	4.51	3.01	2.82	3.55	3.43	4.22
Days sales outstanding	57d	61d	47d	54d	49d	52d
Days inventory outstanding	81d	121d	129d	103d	106d	86d
Days payable outstanding	66d	-	-	54d	57d	55d
Cash conversion cycle	72d	-	-	104d	98d	84d
Valuation
P / E	12.5x	-	-	9.1x	26.4x	-
P / B	4.3x	1.7x	0.8x	0.8x	1.5x	1.0x
P / S	2.4x	1.4x	0.7x	0.6x	1.0x	0.6x
EV / EBITDA	8.4x	89.5x	-	4.5x	8.8x	8.3x
Growth
Revenue growth (YoY)	-26.8%	5.6%	-34.5%	11.1%	1.1%	-18.9%
Revenue CAGR (3y)	-20.3%	-8.4%	-9.7%	-3.1%	-	-
Revenue CAGR (5y)	-10.7%	-8.8%	-	-	-	-
Gross profit growth (YoY)	25.4%	56.1%	-67.9%	29.9%	19.6%	0.8%
Operating income growth (YoY)	-	75.3%	-	96.0%	264.2%	285.1%
Net income growth (YoY)	-	53.2%	-	82.7%	-	66.8%
EPS growth (YoY)	-	52.0%	-	78.6%	-	75.4%
EPS CAGR (3y)	12.6%	-	-	-	-3.0%	-
EPS CAGR (5y)	-	-	-	21.8%	15.0%	-
FCF growth (YoY)	-	36.5%	-	0.8%	324.9%	-73.6%
FCF CAGR (5y)	48.5%	-	-	-23.3%	-11.7%	-35.9%
Book value growth (YoY)	-50.9%	-0.3%	-11.2%	14.0%	12.3%	-4.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-06-27.

Business segments

$9.52B total

HDD$9.52B · 100.0%

Product / service

$9.52B total

Cloud$8.34B · 87.6%

Consumer$623.00M · 6.5%

Client Devices$556.00M · 5.8%

Geographic

$9.52B total

US$4.33B · 45.5%

CN$1.55B · 16.3%

EMEA$1.54B · 16.1%

HK$1.05B · 11.0%

Rest Of Asia$792.00M · 8.3%

Other$264.00M · 2.8%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.53

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✗Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✗No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Computer Storage Devices

Company	Revenue (last FY)	Net margin	ROE
NTAP	-	-	-
STX	$4.41B	33.3%	320.0%
PSTG	$3.66B	5.1%	13.0%
QMCO	$274.06M	-42.0%	70.0%
SNDK	$7.36B	-9.1%	-5.2%

Comparing WESTERN DIGITAL CORP against the 5 most active filers in the same SIC group.

Dividends

$0.35/share trailing 12 months · +250.0% YoY

Ex-date	Per share
Mar 5, 2026	$0.1250
Dec 4, 2025	$0.1250
Sep 4, 2025	$0.1000
Jun 4, 2025	$0.1000
Apr 2, 2020	$0.3779
Jan 2, 2020	$0.3779
Oct 3, 2019	$0.3779
Jun 27, 2019	$0.3779
Mar 28, 2019	$0.3779
Dec 27, 2018	$0.3779
Sep 27, 2018	$0.3779
Jun 28, 2018	$0.3779
Mar 28, 2018	$0.3779
Dec 28, 2017	$0.3779
Sep 28, 2017	$0.3779
Jun 28, 2017	$0.3779
Mar 29, 2017	$0.3779
Dec 28, 2016	$0.3779
Sep 28, 2016	$0.3779
Jun 29, 2016	$0.3779
Mar 30, 2016	$0.3779
Dec 29, 2015	$0.3779
Sep 30, 2015	$0.3779
Jun 30, 2015	$0.3779