Western Digital

Information Technology Technology Hardware, Storage & Peripherals San Jose, California Last filing Aug 14, 2026 · FY2026

                    Revenue
                    FY2026
                
$12.9B
                    3y CAGR +1.6%
                    
                    P13
                    
                    +35.7%
                    
                    Net income
                    FY2026
                
$9.4B
                    Net margin +72.9%
                    
                    P100
                    
                    +398.9%
                    
                    Total assets
                    FY2026
                
$13.9B
                    ROA +68.0%
                    
                    P100
                    
                    -1.0%
                    
                    Operating cash flow
                    FY2026
                
$3.9B
                    FCF margin +27.2%
                    
                    P60
                    
                    +132.3%

19 yrs · FY2008–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 10 years

Total assets $13.9B

Total liabilities $5.0B

Shareholders equity $8.9B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	12.2%	22.2%	24.6%	16.4%	12.4%	19.9%	18.2%	20.9%	24.2%	33.3%
Accounts Receivable	15.7%	15.7%	19.5%	13.0%	14.9%	13.6%	14.3%	7.3%	10.6%	10.2%
Inventory	11.7%	13.6%	22.0%	30.0%	19.4%	21.4%	18.3%	19.8%	14.3%	12.3%
Other Current Assets	4.0%	10.1%	61.6%	4.6%	3.6%	3.0%	3.3%	3.2%	2.4%	2.2%
Total Current Assets	43.6%	61.5%	127.6%	64.0%	50.3%	57.7%	54.1%	51.2%	51.5%	57.9%
Property,Plant and Equipment	19.2%	24.6%	37.3%	29.4%	19.5%	18.8%	17.1%	17.2%	15.0%	15.9%
Goodwill	33.4%	45.4%	68.4%	81.5%	53.4%	59.5%	60.2%	60.8%	48.8%	52.4%
Other Noncurrent Assets	11.1%	15.6%	149.6%	12.3%	7.9%	6.5%	5.2%	2.8%	3.1%	3.1%
Total Assets	107.3%	147.1%	382.9%	198.3%	139.7%	154.4%	153.3%	159.2%	141.6%	156.4%
Liabilities
Accounts Payable	13.7%	13.3%	16.7%	—	—	13.8%	14.1%	11.5%	12.2%	12.3%
Accrued Liabilities	10.9%	20.2%	31.0%	21.4%	16.0%	13.5%	10.6%	9.9%	8.5%	9.2%
Current Portion of Long Term Debt	8.1%	23.4%	27.7%	9.8%	0.0%	1.5%	1.7%	1.7%	0.9%	1.2%
Total Current Liabilities	32.8%	56.9%	96.4%	44.1%	27.9%	28.8%	26.3%	23.0%	21.6%	22.8%
Long Term Debt	0.0%	26.1%	90.0%	47.5%	37.4%	50.1%	55.5%	61.8%	53.2%	67.7%
Other Noncurrent Liabilities	5.9%	5.9%	21.7%	11.5%	9.5%	12.2%	14.4%	14.1%	10.9%	6.2%
Total Liabilities	38.7%	88.9%	208.0%	103.1%	74.7%	91.1%	96.3%	99.0%	85.7%	96.6%
Equity
Common Stock	0.0%	0.0%	0.0%	—	—	—	—	—	—	—
Additional Paid In Capital	7.4%	48.5%	75.2%	32.0%	19.9%	21.3%	22.2%	23.2%	20.6%	23.6%
Retained Earnings	77.4%	8.0%	107.3%	60.3%	48.1%	44.6%	40.2%	45.0%	42.4%	45.2%
Treasury Stock	16.4%	1.0%	0.0%	—	—	1.4%	4.4%	7.7%	7.0%	8.7%
Accumulated Other Comprehensive Income	0.2%	0.2%	-11.3%	-4.2%	-2.9%	-1.2%	-0.9%	-0.4%	-0.2%	-0.3%
Total Stockholders Equity	68.6%	55.8%	171.3%	88.1%	65.0%	63.4%	57.1%	60.2%	55.8%	59.8%
Temporary Equity and Other	0.0%	2.4%	3.6%	7.1%	0.0%	—	—	—	—	—
Total Liabilitiesand Equity	107.3%	147.1%	382.9%	198.3%	139.7%	154.4%	153.3%	159.2%	141.6%	156.4%

Income Statement

Revenue, expense, and profitability

19 accounts · 10 years

Revenue $12.9B

Operating income $4.5B

Net income $9.4B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	51.1%	61.2%	71.9%	84.7%	68.7%	73.3%	77.4%	77.4%	62.7%	68.2%
Other Income Expense Gross Profit	48.9%	38.8%	28.1%	15.3%	31.3%	26.7%	22.6%	22.6%	37.3%	31.8%
Expenses Research and Development	9.0%	10.4%	15.0%	16.3%	12.4%	13.3%	13.5%	13.2%	11.6%	12.8%
Expenses Selling,General and Administrative	4.3%	6.0%	11.5%	7.9%	5.9%	6.5%	6.9%	7.9%	7.1%	7.6%
Expenses Restructuring and Asset Impairment	1.1%	-0.1%	3.3%	1.6%	0.2%	-0.3%	0.2%	1.0%	1.0%	1.2%
Expenses Other Operating Expenses	0.0%	-2.1%	4.6%	—	—	—	—	—	—	—
Expenses Operating Expenses	14.4%	14.3%	34.4%	25.8%	18.5%	19.5%	20.6%	22.1%	19.8%	21.6%
Other Income Expense Operating Income	34.5%	24.5%	-6.4%	-10.4%	12.7%	7.2%	2.0%	0.5%	17.5%	10.2%
Other Income Expense Interest Income	0.4%	0.5%	0.5%	0.2%	0.0%	0.0%	0.2%	0.3%	0.3%	0.1%
Other Income Expense Interest Expense	1.3%	3.8%	6.6%	2.5%	1.6%	1.9%	2.5%	2.8%	3.3%	4.4%
Other Income Expense Other Income/expense	43.1%	-9.4%	0.7%	0.1%	0.2%	0.2%	0.0%	0.2%	-4.4%	-1.9%
Other Income Expense Income Before Tax	76.7%	11.9%	-11.7%	-12.7%	11.3%	5.5%	-0.3%	-1.7%	10.1%	4.0%
Income Tax Income Tax Expense	3.7%	-5.4%	0.4%	1.2%	3.3%	0.6%	1.2%	2.8%	6.8%	1.9%
net Income Other Items Below Tax	0.0%	2.6%	-0.5%	-0.2%	—	0.0%	—	—	—	—
net Income net Income	72.9%	19.8%	-12.6%	-13.8%	8.0%	4.9%	-1.5%	-4.6%	3.3%	2.1%
net Income Comprehensive Income	73.0%	21.8%	-15.2%	-13.5%	6.2%	4.6%	—	—	—	—
Earnings Per Share Basic Eps	0.0%	0.0%	-0.0%	-0.0%	0.0%	0.0%	-0.0%	-0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	-0.0%	-0.0%	0.0%	0.0%	-0.0%	-0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $3.9B

Investing cash flow $-429.0M

Financing cash flow $-4.0B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	72.9%	19.8%	-12.6%	-13.7%	8.2%	4.9%	-1.5%	-4.6%	3.3%	2.1%
Operating Activities Depreciation and Amortization	2.9%	4.7%	9.0%	6.7%	4.9%	7.2%	9.4%	10.9%	10.0%	11.1%
Operating Activities Stock Based Compensation	1.6%	2.8%	4.7%	2.6%	1.7%	1.9%	1.8%	1.8%	1.8%	2.1%
Operating Activities Deferred Income Taxes	1.0%	-7.8%	-2.5%	-0.4%	0.6%	-1.4%	-0.5%	2.3%	-1.7%	0.1%
Operating Activities Changes In Operating Assets and Liabilities	-5.1%	-10.8%	-4.9%	0.7%	-5.7%	-1.0%	-4.5%	-1.6%	2.4%	0.5%
Operating Activities Other Non Cash Items	-42.9%	9.1%	1.7%	0.7%	0.2%	-0.2%	0.2%	0.4%	4.6%	2.2%
Operating Activities net Cash From Operating Activities	30.4%	17.8%	-4.7%	-3.3%	10.0%	11.2%	4.9%	9.3%	20.4%	18.0%
Investing Activities Capital Expenditures	-3.2%	-4.3%	-7.7%	-6.7%	-6.0%	-6.8%	-3.9%	-5.3%	-4.0%	-3.0%
Investing Activities Other Investing Activities	-0.1%	5.9%	7.3%	0.5%	-0.4%	2.3%	5.7%	-3.0%	-3.4%	-1.4%
Investing Activities net Cash From Investing Activities	-3.3%	1.6%	-0.4%	-6.2%	-6.3%	-4.5%	1.7%	-7.7%	-8.0%	-3.3%
Financing Activities Proceeds From Debt	15.1%	22.6%	47.4%	16.7%	10.1%	0.0%	0.0%	—	67.0%	41.4%
Financing Activities Repayment of Debt	-22.3%	-22.0%	-41.3%	-9.6%	-19.3%	-5.2%	-5.9%	-4.1%	-80.3%	-63.8%
Financing Activities Repurchase of Common Stock	-20.1%	-1.6%	0.0%	0.0%	—	—	—	-3.4%	-2.9%	0.0%
Financing Activities Dividends Paid	-1.3%	-0.5%	0.0%	0.0%	—	—	-3.6%	-3.5%	-2.9%	-3.0%
Financing Activities Proceeds From Stock Issuance	0.5%	0.8%	1.3%	0.8%	0.6%	0.8%	0.8%	0.7%	1.1%	1.2%
Financing Activities Tax Withholding On Stock Based Compensation	-2.9%	-1.2%	-1.4%	-0.6%	-0.5%	-0.3%	-0.4%	-0.7%	-0.8%	-0.6%
Financing Activities Other Financing Activities	-0.1%	-15.1%	-3.0%	-0.2%	-0.1%	-0.1%	0.0%	-0.0%	-0.2%	0.8%
Financing Activities net Cash From Financing Activities	-31.2%	-16.9%	3.0%	7.1%	-9.1%	-4.8%	-9.0%	-11.0%	-18.9%	-24.1%
Cash Reconciliation Effect of Exchange Rate On Cash	-0.0%	0.1%	-0.2%	-0.1%	-0.1%	0.0%	-0.0%	0.0%	0.0%	-0.0%
Cash Reconciliation net Change In Cash	-4.1%	2.5%	-2.3%	-2.5%	-5.5%	1.9%	-2.4%	-9.4%	-6.5%	-9.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	+48.9%	+38.8%	+28.1%	+15.3%	+31.3%	+26.7%	+22.6%	+22.6%	+37.3%	+31.8%
Operating margin	+34.5%	+24.5%	-6.4%	-10.4%	+12.7%	+7.2%	+2.0%	+0.5%	+17.5%	+10.2%
Net margin	+72.9%	+19.8%	-12.6%	-13.8%	+8.0%	+4.9%	-1.5%	-4.6%	+3.3%	+2.1%
FCF margin	+27.2%	+13.4%	-12.4%	-10.0%	+4.0%	+4.4%	+1.1%	+4.0%	+16.3%	+15.0%
Growth
Revenue CAGR (3y)	+1.6%	-20.3%	-28.0%	-9.7%	+4.3%	-6.4%	-4.3%	+8.4%	+12.3%	+8.1%
Returns
ROE	+106.3%	+35.6%	-7.4%	-15.7%	+12.3%	+7.7%	-2.6%	-7.6%	+5.9%	+3.5%
ROA	+68.0%	+13.5%	-3.3%	-7.0%	+5.7%	+3.1%	-1.0%	-2.9%	+2.3%	+1.3%
ROIC	+50.8%	+29.5%	-2.4%	-8.1%	+10.0%	+6.7%	+2.1%	+0.5%	+6.6%	+5.5%
Liquidity
Current ratio	1.33x	1.08x	1.32x	1.45x	1.81x	2.00x	2.05x	2.22x	2.39x	2.55x
Quick ratio	0.85x	0.67x	0.46x	0.67x	0.98x	1.16x	1.24x	1.22x	1.62x	1.91x
Leverage
D/E	0.56x	1.59x	1.21x	1.17x	1.15x	1.44x	1.69x	1.65x	1.54x	1.62x
Interest coverage	26.99x	6.54x	-0.97x	-4.12x	7.87x	3.74x	0.81x	0.19x	5.35x	2.31x
Efficiency
Asset turnover	0.93x	0.68x	0.26x	0.50x	0.72x	0.65x	0.65x	0.63x	0.71x	0.64x
Cash conversion cycle	+43d	+59d	+98d	—	—	+87d	+73d	+66d	+51d	+37d

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Western Digital

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