Western Digital

Information Technology Technology Hardware, Storage & Peripherals San Jose, California Last filing Aug 14, 2025 · FY2025

                    Revenue
                    FY2025
                
$9.5B
                    3y CAGR -20.3%
                    
                    P2
                    
                    +50.7%
                    
                    Net income
                    FY2025
                
$1.9B
                    Net margin +19.8%
                    
                    P62
                    
                    +336.7%
                    
                    Total assets
                    FY2025
                
$14.0B
                    ROA +13.5%
                    
                    P74
                    
                    -42.1%
                    
                    Operating cash flow
                    FY2025
                
$1.7B
                    FCF margin +13.4%
                    
                    P24
                    
                    +675.2%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 10 years

Total assets $14.0B

Total liabilities $8.5B

Shareholders equity $5.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+12.5%	-7.1%	-13.1%	-30.9%	+10.6%	—	—	-45.6%	—	—
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Accounts Receivable	-31.4%	+35.5%	-43.0%	+24.2%	-5.1%	—	—	-38.2%	—	—
Inventory	-61.4%	-9.6%	+1.6%	+0.6%	+17.8%	—	-100.0%	+40.2%	—	—
Prepaid Expenses	-9.2%	+18.7%	-17.1%	+33.1%	-6.7%	—	—	+29.5%	—	—
Other Current Assets	-9.2%	+18.7%	-17.1%	+33.1%	-6.7%	—	-100.0%	+29.5%	—	—
Total Current Assets	-27.3%	+2.2%	-16.6%	-3.1%	+7.8%	—	—	-23.3%	—	—
Property,Plant and Equipment	-26.0%	-12.5%	-1.4%	+15.1%	+11.7%	—	-100.0%	-6.3%	—	—
Operating Lease Assets	-62.3%	+25.4%	-13.3%	+35.1%	-3.5%	—	—	—	—	—
Goodwill	-56.9%	-0.0%	-0.0%	-0.2%	-0.0%	—	-100.0%	+0.6%	—	—
Intangible Assets	-100.0%	-2.5%	-62.4%	-51.8%	-53.0%	+11662.5%	-99.5%	-55.2%	—	—
Other Noncurrent Assets	-20.2%	+22.9%	+1.8%	+36.0%	+24.6%	—	—	-20.5%	—	—
Total Assets	-42.1%	-1.5%	-6.5%	+0.5%	+1.8%	—	—	-11.7%	—	—
Liabilities
Accounts Payable	—	—	—	-1.7%	-0.6%	—	—	-26.9%	—	—
Accrued Liabilities	-51.4%	+14.9%	-21.3%	+17.7%	+7.3%	—	-100.0%	+3.3%	—	—
Current Portion of Long Term Debt	+27.2%	+44.3%	—	-100.0%	-12.2%	—	—	+18.5%	—	—
Operating Lease Liabilities	-26.2%	+5.0%	+0.0%	+21.2%	-8.3%	—	—	—	—	—
Other Current Liabilities	+1410.8%	—	—	—	—	—	—	—	—	—
Total Current Liabilities	-11.0%	+12.0%	+3.8%	+7.5%	+10.5%	—	—	-12.1%	—	—
Long Term Debt	-56.3%	-3.0%	-16.6%	-17.1%	-8.8%	—	-100.0%	-20.7%	—	—
Operating Lease Liabilities Noncurrent	-64.2%	+25.8%	-11.9%	+35.8%	-2.4%	—	—	—	—	—
Deferred Tax Liabilities	-100.0%	+2.8%	-18.0%	-13.7%	-8.4%	—	-100.0%	-28.0%	—	—
Other Noncurrent Liabilities	-59.2%	-3.2%	-20.5%	-13.9%	-14.4%	—	—	+98.3%	—	—
Total Liabilities	-35.6%	+3.4%	-9.5%	-8.9%	-4.3%	—	—	-11.1%	—	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	+48033.3%	-99.7%	+1.3%	+0.9%	+0.6%	—	-100.0%	+0.1%	—	—
Additional Paid In Capital	-2.8%	+20.7%	+5.4%	+3.5%	-2.9%	—	-100.0%	-14.5%	—	—
Retained Earnings	-88.8%	-10.5%	-16.2%	+19.9%	+12.1%	—	-100.0%	-13.7%	—	—
Treasury Stock	—	—	—	-100.0%	-68.5%	—	-100.0%	-23.9%	—	—
Accumulated Other Comprehensive Income	+102.8%	-29.9%	+1.1%	-181.2%	-25.5%	—	+100.0%	-17.2%	—	—
Total Stockholders Equity	-50.9%	-1.3%	-11.0%	+14.1%	+13.1%	—	—	-12.7%	—	—
Total Liabilitiesand Equity	-42.1%	+2.2%	-10.2%	+0.6%	+2.1%	—	—	-11.7%	—	—

Income Statement

Revenue, expense, and profitability

20 accounts · 10 years

Revenue $9.5B

Operating income $2.3B

Net income $1.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	+50.7%	-51.4%	-30.8%	+11.1%	+1.1%	—	-100.0%	-19.8%	—	—
Expenses Cost of Revenue	+28.3%	-54.8%	-22.1%	+4.2%	-4.3%	—	—	-1.0%	—	—
Expenses Research and Development	+4.6%	-50.2%	-17.9%	+3.6%	-0.8%	—	—	-9.1%	—	—
Expenses Selling,General and Administrative	-21.8%	-12.3%	-25.9%	+1.1%	-4.2%	—	—	-10.6%	—	—
Expenses Depreciation and Amortization	-20.6%	+0.0%	-38.9%	-23.3%	-22.6%	—	—	-11.9%	—	—
Expenses Share Based Compensation	-10.2%	—	—	—	—	—	—	—	—	—
Expenses Operating Expenses	-37.6%	-33.3%	-6.3%	+5.5%	-4.2%	—	—	-10.3%	—	—
Other Income Expense Gross Profit	+108.2%	-39.8%	-49.9%	+29.9%	+19.6%	—	—	+123.2%	—	—
Other Income Expense Operating Income	+679.2%	-27.1%	-113.3%	+96.0%	+264.2%	—	—	-86.7%	—	—
Other Income Expense Interest Income	+36.4%	-15.4%	+550.0%	-14.3%	-75.0%	—	—	-5.0%	—	—
Other Income Expense Interest Expense	-13.8%	+32.7%	+2.6%	-6.7%	-21.1%	—	-100.0%	-30.6%	—	—
Other Income Expense Other Income/expense	-144.4%	+32.4%	-56.4%	+200.0%	+550.0%	—	—	+104.1%	—	—
Other Income Expense Income Before Tax	+252.9%	-11.8%	-130.4%	+134.2%	+2115.2%	—	+100.0%	-113.8%	—	—
Income Tax Income Tax Expense	-2073.1%	-81.0%	-78.1%	+489.6%	-48.0%	—	-100.0%	-66.9%	—	—
net Income net Income	+336.7%	+0.0%	-151.6%	+88.3%	+428.4%	—	—	-369.3%	—	—
net Income Comprehensive Income	+315.7%	-486.6%	-114.3%	+46.4%	+330.4%	—	+100.0%	-212.8%	—	—
Earnings Per Share Basic Eps	+303.4%	+0.0%	-152.6%	+84.4%	+420.2%	—	—	-368.8%	—	—
Earnings Per Share Diluted Eps	+296.2%	+0.0%	-153.4%	+83.8%	+416.7%	—	—	-377.4%	—	—
Earnings Per Share Weighted Average Shares Basic	+6.4%	+0.0%	+4.5%	+2.3%	+2.3%	—	—	-1.7%	—	—
Earnings Per Share Weighted Average Shares Diluted	+10.1%	+0.0%	+3.2%	+2.3%	+3.7%	—	—	-4.9%	—	—

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $1.7B

Investing cash flow $150.0M

Financing cash flow $-1.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	+336.7%	+0.0%	-151.6%	+88.3%	+428.4%	—	—	-369.3%	—	—
Operating Activities Depreciation and Amortization	-20.6%	+0.0%	-38.9%	-23.3%	-22.6%	—	-100.0%	-11.9%	—	—
Operating Activities Stock Based Compensation	-10.2%	+0.0%	-9.5%	+2.5%	+3.2%	—	—	-18.8%	—	—
Operating Activities Deferred Income Taxes	-795.6%	+43.5%	-238.8%	+147.9%	-195.1%	—	—	+207.5%	—	—
Operating Activities Changes In Operating Assets and Liabilities	-108.8%	+19.6%	-2.0%	+31.2%	-25.5%	—	-100.0%	+116.6%	—	—
Operating Activities Other Non Cash Items	+321.1%	—	—	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+675.2%	+0.0%	-115.6%	-0.9%	+130.3%	—	—	-63.2%	—	—
Investing Activities Capital Expenditures	-15.4%	+0.0%	-56.6%	-2.1%	+77.1%	—	—	+4.9%	—	—
Investing Activities Other Investing Activities	+69.2%	+0.0%	-200.0%	+471.4%	+56.2%	—	—	+211.1%	—	—
Investing Activities net Cash From Investing Activities	+655.6%	+0.0%	+97.7%	-55.8%	-375.2%	—	—	+23.1%	—	—
Financing Activities Proceeds From Debt	-28.3%	—	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	-0.5%	—	—	+308.7%	-9.8%	—	—	-98.9%	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—	—	—	-4.7%	—	—
Financing Activities Dividends Paid	—	—	—	—	-100.0%	—	—	-1.5%	—	—
Financing Activities Proceeds From Stock Issuance	-3.8%	+0.0%	-34.4%	-9.0%	-5.0%	—	—	-46.4%	—	—
Financing Activities net Cash From Financing Activities	-962.0%	+0.0%	+110.9%	-110.3%	+45.8%	—	—	+53.1%	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	+160.0%	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	+263.2%	+0.0%	+86.2%	-423.9%	+179.1%	—	—	-14.9%	—	—
Cash Reconciliation Cash At Beginning of Period	+12.5%	-7.1%	-13.1%	-30.9%	+10.6%	—	—	-45.6%	—	—
Cash Reconciliation Cash At End of Period	+12.5%	-7.1%	-13.1%	-30.9%	+10.6%	—	—	-45.6%	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+38.8%	+28.1%	+22.6%	+31.3%	+26.7%	+22.6%	—	+22.6%	+37.3%	—
Operating margin	+24.5%	-6.4%	-2.4%	+12.7%	+7.2%	+2.0%	—	+0.5%	+3.2%	—
Net margin	+19.8%	-12.6%	-6.1%	+8.2%	+4.9%	-1.5%	—	-4.6%	+1.4%	—
FCF margin	+13.4%	-12.4%	-6.0%	+4.0%	+4.4%	+1.1%	—	+4.0%	+16.3%	—
Growth
Revenue CAGR (3y)	-20.3%	-28.0%	-8.1%	—	+0.7%	-6.8%	—	—	+10.9%	—
Returns
ROE	+35.6%	-7.4%	-7.3%	+12.5%	+7.6%	-2.6%	—	-7.6%	+2.5%	—
ROA	+13.5%	-3.3%	-3.3%	+5.9%	+3.1%	-1.0%	—	-2.9%	+0.9%	—
ROIC	+29.5%	-2.5%	-2.0%	+10.0%	+6.7%	+2.1%	—	+0.5%	+1.2%	—
Liquidity
Current ratio	1.08x	1.32x	1.45x	1.81x	2.00x	2.05x	—	2.22x	2.55x	—
Quick ratio	0.66x	0.66x	0.67x	0.98x	1.16x	1.23x	—	1.22x	1.91x	—
Leverage
D/E	1.59x	1.21x	1.16x	1.14x	1.43x	1.69x	—	1.65x	1.62x	—
Interest coverage	6.54x	-0.97x	-1.02x	7.87x	3.74x	0.81x	—	0.19x	0.96x	—
Efficiency
Asset turnover	0.68x	0.26x	0.53x	0.72x	0.65x	0.65x	—	0.63x	0.69x	—
Cash conversion cycle	+59d	—	—	+104d	+98d	+84d	—	+75d	+40d	—

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Western Digital

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