Fundamental analysis · SEC EDGAR · TTM through 03/04/2026
WDC · Nasdaq · Technology
Fundamental quality
89
out of 100
Western Digital Corp runs like a cash machine: it converts about 24.7% of revenue into free cash flow and holds a 55.3% net margin, though it grows at a measured pace. On fundamental quality it scores 89 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Western Digital makes high-capacity hard drives (HDDs) for data centers, after spinning off its flash business (SanDisk). The HDD looked doomed… until AI exploded the need to store oceans of cheap data.
EPS growth: 47.4% · Revenue growth: -5.9%
Net margin: 55.3% · ROE: 67.3% · ROIC: 35.9%
Net debt/EBITDA: -0.12x · FCF: 24.7%
Source: SEC EDGAR · TTM through 03/04/2026
The score combines growth, profitability and financial strength, and here its pillars hold up evenly.
Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 16,736 | -250 | 177 | 6,527 |
| 2021 | 16,922 | 821 | 752 | 5,355 |
| 2022 | 18,793 | 1,546 | 758 | 4,695 |
| 2023 | 6,255 | -1,684 | -1,229 | 5,047 |
| 2024 | 6,317 | -798 | -781 | 5,883 |
| 2025 | 9,520 | 1,889 | 1,279 | 2,597 |
Between 2020 and 2025, revenue went from $16,736M to $9,520M (-43%) and net income went from -$250M to $1,889M (+856%). It has also reduced its net debt over the period.
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the nine months ended April 3, 2026, versus the nine months ended March 28, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$0.1
per share, yearly
2.3% of earnings
Payout
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Western Digital Corp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Western Digital Corp a good company to invest in?
In terms of business quality, Western Digital Corp scores 89 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Western Digital Corp a profitable company?
Very. Western Digital Corp shows a net margin of 55.3% and an ROE of 67.3%, typical of a highly 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 5.9% 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.
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Who's behind the methodology and model · how the score is computed
Data: see Western Digital Corp's filings on EDGAR
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