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Western Digital WDC Free cash flow margin

Discontinued — last reported Q3 '23

Free cash flow margin at other companies

Micron Technology logo
Micron TechnologyMU
17.7%+15.8pp
Seagate Technology Holdings PLC logo
Seagate Technology Holdings PLCSTX
21.9%+12.9pp
CDW logo
CDWCDW
4.7%0.0pp
Advanced Micro Devices logo
Advanced Micro DevicesAMD
22.9%+13.0pp
Super Micro Computer, Inc. logo
Super Micro Computer, Inc.SMCI
-20.3%
Dell Technologies logo
Dell TechnologiesDELL
7%+3.1pp

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$257.21B+954%
Enterprise value$256.89B+718%
P/E39.5×+24.7×
P/S21.8×+19.1×

Profitability

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Gross margin45.4%+8.2pp
Operating margin30.3%+12.8pp
Net margin55.3%+36.8pp

Returns & leverage

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Return on equity87.6%+66.1pp
Debt / equity0.2×-1.3×
Current ratio1.5×-0.1×

Where this comes from

Calculated from Western Digital’s reported figures.

Based on trailing twelve months.

The official record: Western Digital’s 10-Q, filed April 30, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western Digital's free cash flow margin?
Western Digital (WDC) reported free cash flow margin of -7.2% in Q1 2023.
How has Western Digital's free cash flow margin changed year-over-year?
Western Digital's free cash flow margin decreased by 198.5% year-over-year, from 7.4% to -7.2%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.