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Western Digital WDC Debt-to-equity

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Other financials

Income statement

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Revenue$3.3B+45.5%
Gross profit$1.7B+83.8%
Operating income$1.2B+56.6%
Net income$3.2B+516%
EPS (diluted)$8.20+477%

Balance sheet

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Cash & equivalents$2.1B-41.0%
Total debt$1.7B-77.0%
Total equity$9.7B+87.0%
Total assets$15.0B-8.1%

Cash flow

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Operating cash flow$672.0M+1,876%
CapEx$73.0M-24.0%
Free cash flow$599.0M+1,066%

Valuation

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Market cap$187.8B+596%
Enterprise value$187.47B+531%
P/E28.8×+14.6×
P/S16×+13.1×

Profitability

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Gross margin45.4%+8.2pp
Operating margin30.3%+12.8pp
Net margin55.3%+36.8pp
FCF margin-7.2%-14.6pp

Returns & leverage

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Return on equity87.6%+66.1pp
Current ratio1.5×-0.1×

Where this comes from

Calculated from Western Digital’s reported figures.

Based on the most recent quarter.

The source filing: Western Digital’s 10-Q, filed April 30, 2026. Open the filing →

Filed
Apr 30, 2026, 6:13 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-029054

FAQ

What is Western Digital's debt-to-equity?
Western Digital (WDC) reported debt-to-equity of 0.2× in Q1 2026.
How has Western Digital's debt-to-equity changed year-over-year?
Western Digital's debt-to-equity decreased by 87.7% year-over-year, from 1.4× to 0.2×.
What is the long-term trend for Western Digital's debt-to-equity?
Over 4 years (2021 to 2025), Western Digital's debt-to-equity has grown at a 2.4% compound annual growth rate (CAGR), from 0.8× to 0.9×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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