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WESTERN DIGITAL CORP WDC

Nasdaq · stock · Computer Storage Devices · website · IPO 1980-03-17 · LEI

WESTERN DIGITAL CORP statistics & valuation

Market cap$234.8B
P / E124.3×
P / S24.7×
P / B44.2×
P / FCF183.5×
Dividend yield0.02%
Net margin19.8%
Return on equity35.6%
FCF margin13.4%
Net debt$2.6B
Net debt / EBITDA0.9×
Enterprise value USD$237.4B
EV / EBITDA85.2×
Earnings yield EBIT/EV1%
Return on capital27.2%
Graham number -90.9%$41.28

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($41.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.10% 3.30% -4.60% -1.50% 4.90% 8.20% -26.90% -12.60% 19.80% 2016201720182019202020212022202320242025
Gross margin (%)
31.80% 37.30% 22.60% 22.60% 26.70% 31.30% 22.20% 28.10% 38.80% 2016201720182019202020212022202320242025
Operating margin (%)
10.20% 17.50% 0.50% 2.00% 7.20% 12.70% -8.80% -6.40% 24.50% 2016201720182019202020212022202320242025
Return on equity (%)
2.20% 3.50% 5.90% -7.60% -2.60% 7.60% 12.50% -15.40% -7.40% 35.60% 2016201720182019202020212022202320242025
Shares outstanding
284.0M 296.0M 307.0M 295.0M 302.0M 309.0M 316.0M 322.0M 343.0M 359.0M 2016201720182019202020212022202320242025
Net debt ($)
$8.84B $6.80B $6.17B $7.07B $6.53B $5.36B $4.70B $5.05B $5.88B $2.60B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.70% 1.30% 2.30% -2.90% -1.00% 3.10% 5.90% -6.90% -3.30% 13.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
15.00% 16.30% 4.00% 1.10% 4.40% 4.00% -19.60% -12.40% 13.40% 2016201720182019202020212022202320242025
Debt / equity (×)
1.52× 1.15× 0.97× 1.06× 1.00× 0.81× 0.57× 0.64× 0.69× 0.89× 2016201720182019202020212022202320242025
EPS ($)
$1.00 $1.34 $2.20 -$2.58 -$0.84 $2.66 $4.89 -$5.37 -$2.61 $5.12 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WESTERN DIGITAL CORP trades at about 88.7× earnings — above its 10-year norm (10-year range 4.6×–48×, median 15.4×).

4.6× 88.7×

Shaded band = 10-year range (4.6×–48×); dot = today's 88.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin38.8%28.1%22.2%31.3%26.7%22.6%22.6%37.3%31.8%—
Operating margin24.5%-6.4%-8.8%12.7%7.2%2.0%0.5%17.5%10.2%—
Net margin19.8%-12.6%-26.9%8.2%4.9%-1.5%-4.6%3.3%2.1%—
FCF margin13.4%-12.4%-19.6%4.0%4.4%1.1%4.0%16.3%15.0%—
Return on assets13.5%-3.3%-6.9%5.9%3.1%-1.0%-2.9%2.3%1.3%0.7%
Return on equity35.6%-7.4%-15.4%12.5%7.6%-2.6%-7.6%5.9%3.5%2.2%
Debt / equity0.89×0.69×0.64×0.57×0.81×1.00×1.06×0.97×1.15×1.52×
Current ratio1.081.321.451.812.002.052.222.392.551.81

Computed from company filings · US · as of 2025-06-27. Facts plus Stocktoria's own computed scores — not investment advice.