Where Does Seagate Technology Stock Rank Among Competitors?
Seagate Technology stock demonstrated significant gains over the past year, but how does it truly measure up against peers scaling in the AI and data-center storage boom? A closer look reveals strong operating and free cash flow margins, and solid revenue growth, driven by robust high-capacity drive demand and its cutting-edge HAMR technology. However, its elevated valuation, higher than many competitors, suggests potential limited upside if supply chain execution falters or AI-related orders moderate.
- STX’s 25.6% operating margin, high vs. peers but below MU’s 32.5%, indicates solid HDD profitability despite memory market cost structures.
- STX’s 25.2% revenue growth outpaces DELL, HPE, NTAP, reflecting strong storage component demand, but lags WDC, MU due to flash market acceleration.
- STX’s 358.0% stock gain and 47.5 PE reflect high investor expectations, yet trails WDC, MU, signaling divergent segment catalysts.
Here’s how Seagate Technology stacks up across size, valuation, and profitability versus key peers.
| STX | WDC | MU | DELL | HPE | NTAP | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 93.5 | 92.1 | 492.5 | 80.0 | 29.3 | 19.4 |
| Revenue ($ Bil) | 10.1 | 10.7 | 42.3 | 104.1 | 34.3 | 6.6 |
| PE Ratio | 47.5 | 24.2 | 41.4 | 15.3 | 514.7 | 16.5 |
| LTM Revenue Growth | 25.2% | 28.1% | 45.4% | 10.8% | 13.8% | 2.5% |
| LTM Operating Margin | 25.6% | 27.9% | 32.5% | 6.7% | 4.8% | 22.6% |
| LTM FCF Margin | 16.7% | 21.5% | 11.0% | 4.3% | 1.8% | 25.3% |
| 12M Market Return | 358.0% | 457.0% | 381.4% | 17.2% | 6.7% | -18.5% |
For more details on Seagate Technology, read Buy or Sell STX Stock. Below we compare STX’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| STX | 25.2% | 38.9% | -11.3% | -36.7% |
| WDC | 28.1% | 50.7% | 1.0% | -66.7% |
| MU | 45.4% | 48.9% | 61.6% | -49.5% |
| DELL | 10.8% | 8.1% | -13.6% | 1.1% |
| HPE | 13.8% | 13.8% | 3.4% | 2.2% |
| NTAP | 2.5% | 4.9% | -1.5% | 0.7% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| STX | 25.6% | 21.1% | 6.4% | 0.8% |
| WDC | 27.9% | 22.4% | 1.5% | -6.4% |
| MU | 32.5% | 26.2% | 5.2% | -34.8% |
| DELL | 6.7% | 6.5% | 6.1% | 5.6% |
| HPE | 4.8% | 4.8% | 8.3% | 8.4% |
| NTAP | 22.6% | 21.7% | 20.2% | 18.2% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| STX | 47.5 | 39.7 | 53.8 | -33.4 |
| WDC | 24.2 | 32.1 | -24.4 | -9.9 |
| MU | 41.4 | 37.3 | 119.5 | -16.0 |
| DELL | 15.3 | 19.3 | 24.5 | 23.0 |
| HPE | 514.7 | 557.9 | 10.8 | 10.9 |
| NTAP | 16.5 | 18.4 | 24.5 | 15.0 |
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