Operating Profit Margin
since 2005
Calculation
Western Digital Corp., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income (loss)1 | ÷ | Revenue, net1 | |
|---|---|---|---|---|---|---|---|
| Jun 30, 2023 | -10.43% | = | 100 | × | (1,285) | ÷ | 12,318) |
| Jul 1, 2022 | 12.72% | = | 100 | × | 2,391) | ÷ | 18,793) |
| Jul 2, 2021 | 7.21% | = | 100 | × | 1,220) | ÷ | 16,922) |
| Jul 3, 2020 | 2.00% | = | 100 | × | 335) | ÷ | 16,736) |
| Jun 28, 2019 | 0.53% | = | 100 | × | 87) | ÷ | 16,569) |
| Jun 29, 2018 | 17.52% | = | 100 | × | 3,617) | ÷ | 20,647) |
| Jun 30, 2017 | 10.23% | = | 100 | × | 1,954) | ÷ | 19,093) |
| Jul 1, 2016 | 3.59% | = | 100 | × | 466) | ÷ | 12,994) |
| Jul 3, 2015 | 11.06% | = | 100 | × | 1,611) | ÷ | 14,572) |
| Jun 27, 2014 | 11.84% | = | 100 | × | 1,791) | ÷ | 15,130) |
| Jun 28, 2013 | 8.25% | = | 100 | × | 1,266) | ÷ | 15,351) |
| Jun 29, 2012 | 14.19% | = | 100 | × | 1,771) | ÷ | 12,478) |
| Jul 1, 2011 | 8.20% | = | 100 | × | 781) | ÷ | 9,526) |
| Jul 2, 2010 | 15.48% | = | 100 | × | 1,525) | ÷ | 9,850) |
| Jul 3, 2009 | 6.96% | = | 100 | × | 519) | ÷ | 7,453) |
| Jun 27, 2008 | 12.46% | = | 100 | × | 1,006) | ÷ | 8,074) |
| Jun 29, 2007 | 7.59% | = | 100 | × | 415) | ÷ | 5,468) |
| Jun 30, 2006 | 8.43% | = | 100 | × | 366) | ÷ | 4,341) |
| Jul 1, 2005 | 5.41% | = | 100 | × | 197) | ÷ | 3,639) |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).
1 US$ in millions
- Operating income (loss)
- The operating income shows considerable variability over the analyzed periods. From 2005 to 2010, it generally increased with some fluctuations, peaking notably in 2010 at 1,525 million US dollars. Following a dip in 2011 and a recovery in the subsequent years, the highest operating income was recorded in 2018 at 3,617 million US dollars. However, a sharp decline is observed after 2018, with the figure dropping dramatically to a loss of 1,285 million US dollars by 2023. This indicates significant challenges impacting profitability in the most recent years.
- Revenue, net
- Net revenue demonstrated an overall upward trajectory during the period, growing from 3,639 million US dollars in 2005 to a peak of 20,647 million US dollars in 2018. Despite some decreases and fluctuations post-2018, revenues remained relatively strong, with some recovery noted in 2022 at 18,793 million US dollars before declining again in 2023 to 12,318 million US dollars. This suggests a mature revenue base with some volatility in the last years covered.
- Operating profit margin
- The operating profit margin fluctuated considerably, reflecting underlying changes in profitability relative to revenue. It started relatively low at 5.41% in 2005, improved significantly to 15.48% by 2010, and peaked around 17.52% in 2018. Post-2018, the margin collapsed to negative territory by 2023 at -10.43%, signaling deteriorating operational efficiency or increased costs outweighing revenue. This trend is consistent with the drop in operating income and highlights recent operational challenges.
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Comparison to Competitors
Western Digital Corp., operating profit margin, long-term trends, comparison to competitors
| Western Digital Corp. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Jun 30, 2023 | -10.43% | 29.82% | 38.52% | 26.37% | 5.64% | 10.68% |
| Jul 1, 2022 | 12.72% | 30.29% | 34.86% | 27.09% | 4.60% | 6.45% |
| Jul 2, 2021 | 7.21% | 29.78% | 31.37% | 25.76% | 5.46% | 3.48% |
| Jul 3, 2020 | 2.00% | 24.15% | 30.19% | 27.63% | 2.85% | 2.57% |
| Jun 28, 2019 | 0.53% | 24.57% | 33.42% | 27.39% | -0.21% | 2.78% |
| Jun 29, 2018 | 17.52% | 26.69% | 12.71% | 24.95% | — | 2.82% |
| Jun 30, 2017 | 10.23% | 26.76% | 28.57% | 24.94% | — | 3.82% |
| Jul 1, 2016 | 3.59% | 27.84% | 21.56% | 25.71% | — | 4.82% |
| Jul 3, 2015 | 11.06% | 30.48% | 17.83% | 21.91% | — | 7.37% |
| Jun 27, 2014 | 11.84% | 28.72% | 21.49% | 19.82% | — | 5.47% |
| Jun 28, 2013 | 8.25% | 28.67% | — | 23.03% | — | 2.34% |
| Jun 29, 2012 | 14.19% | 35.30% | — | 21.85% | — | 4.54% |
| Jul 1, 2011 | 8.20% | 31.22% | — | 17.76% | — | 6.23% |
| Jul 2, 2010 | 15.48% | 28.19% | — | 22.89% | — | 5.65% |
| Jul 3, 2009 | 6.96% | 20.96% | — | 20.27% | — | 4.60% |
| Jun 27, 2008 | 12.46% | 19.32% | — | 23.88% | — | 7.45% |
| Jun 29, 2007 | 7.59% | 18.37% | — | 24.69% | — | 7.11% |
| Jun 30, 2006 | 8.43% | 12.70% | — | 24.56% | — | — |
| Jul 1, 2005 | 5.41% | 11.84% | — | 29.90% | — | — |
Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-07-01), 10-K (reporting date: 2021-07-02), 10-K (reporting date: 2020-07-03), 10-K (reporting date: 2019-06-28), 10-K (reporting date: 2018-06-29), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-07-01), 10-K (reporting date: 2015-07-03), 10-K (reporting date: 2014-06-27), 10-K (reporting date: 2013-06-28), 10-K (reporting date: 2012-06-29), 10-K (reporting date: 2011-07-01), 10-K (reporting date: 2010-07-02), 10-K (reporting date: 2009-07-03), 10-K (reporting date: 2008-06-27), 10-K (reporting date: 2007-06-29), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-07-01).