Fundamental analysis · SEC EDGAR · TTM through 03/04/2026

Fundamental analysis of Western Digital Corp

WDC · Nasdaq · Technology

Fundamental quality

ATTRACTIVE

84

out of 100

Breakdown by area

I.GrowthEPS growth: 38.9% · Revenue growth: -11.7%
70
II.ProfitabilityNet margin: 55.3% · ROE: 67.3%
88
III.Financial healthNet debt/EBITDA: -0.12x · FCF: 24.7%
95

Source: SEC EDGAR · TTM through 03/04/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • High net margin (55.3%), a sign of a very profitable business.
  • Strong return on equity (ROE of 67.3%).
  • Growing earnings per share (38.9% annualized).
  • Strong free-cash-flow generation (FCF margin of 24.7%).
  • Net cash position: more cash than debt.

Risks and weaknesses

  • Declining revenue (-11.7% annualized).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$16,922M$821M$752M$5,355M
2022$18,793M$1,546M$758M$4,695M
2023$6,255M-$1,684M-$1,229M$5,047M
2024$6,317M-$798M-$781M$5,883M
2025$9,520M$1,889M$1,279M$2,597M

Between 2021 and 2025, revenue went from $16,922M to $9,520M (-44%) and net income went from $821M to $1,889M (+130%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Western Digital Corp a profitable company?

Yes. Western Digital Corp shows a net margin of 55.3% and an ROE of 67.3%, a sign of a profitable business.

Does Western Digital Corp have a lot of debt?

No. Western Digital Corp has a net cash position: more cash than debt.

Is Western Digital Corp growing?

Its revenue has fallen 11.7% annualized in recent years.

Does Western Digital Corp generate cash?

Yes. It converts about 24.7% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Western Digital Corp cheap or expensive?

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