Seagate Technology Holdings Plc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Seagate Technology Holdings Plc (STX) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Seagate Technology Holdings Plc vs Its Competitors
- TTM: Trailing 12-month revenue of 13,799M vs 149,400M combined for its competitors (8.5% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+22.7% annualized vs trailing 12 months), vs accelerating (+58.4%) for its tracked peer group.
- Growth: Seagate Technology Holdings Plc generated 61.0% revenue growth year over year in Q1 2026, vs 308.9% for its competitors combined.
- Profitability: Its 41.6% net margin compares with 66.9% for the peer group.
- Scale: Seagate Technology Holdings Plc ranks #5 of 15 companies by market capitalization in the Computer Hardware industry, holding 1.8% of industry market cap.
- Peer revenue share: Seagate Technology Holdings Plc accounted for 6.7% of combined revenue among its tracked peer group, down from 15.4% a year earlier.
- Peer differentiation: Revenue per employee of $0.46M compares with $1.44M for the peer group (0.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
STX Sales vs. its Competitors, Q1 2026
Seagate Technology Holdings Plc reported revenue growth of 61.01 % year on year in Q1 2026, below its competitors' combined revenue growth of 308.91 %.
With a net margin of 41.60 %, Seagate Technology Holdings Plc reported lower profitability than its competitors (66.88 %).
Seagate Technology Holdings Plc generated 6.68 % of the combined sales of its peer group, down from 15.37 % a year earlier.
API endpoints for this dataset
Seagate Technology Holdings Plc vs. its Competitors, Q1 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Seagate Technology Holdings Plc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Seagate Technology Holdings Plc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Seagate Technology Holdings Plc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Seagate Technology Holdings Plc's competitor groups requires a Commercial License.
For context: the Computer Hardware industry grew revenue 27.7% year over year, combined, vs 61.0% for Seagate Technology Holdings Plc. Seagate Technology Holdings Plc's share of combined industry revenue moved from 1.39% to 1.76%, a gain of 0.36 percentage points.
Seagate Technology Holdings Plc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Seagate Technology Holdings Plc | Yes | Yes | Yes | No |
| Competitors combined (3) | ||||
| High-Confidence Competitors (5) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
STX Stock Performance relative to its Competitors
STX Stock Performance relative to High-Confidence Competitors
STX Stock Performance relative to Similar-Size Competitors
STX Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Micron Technology Inc | 282.9% | Outperformed |
| 2 | Penguin Solutions Inc | 282.9% | Outperformed |
| 3 | Western Digital Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Seagate Technology Holdings Plc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Seagate Technology Holdings Plc's Comment on Competition and Industry Peers
Publicly Traded Peers of Seagate Technology Holdings Plc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Seagate Technology Holdings Plc |
106,949.68 | 13,799.00 |
 Micron Technology Inc |
788,670.00 | 133,188.00 |
 Western Digital Corporation |
101,291.52 | 14,482.00 |
 Penguin Solutions Inc |
2,678.79 | 1,730.21 |
| SUBTOTAL | 999,589.99 | 163,199.21 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Seagate Technology Holdings Plc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Seagate Technology Holdings Plc's Competitors Named by the Company
Competitive relationships identified from Seagate Technology Holdings Plc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Western Digital Corporation | Company report | 85% |
| Toshiba Electronics Devices & Storage Corporation | Company report | 85% |
| Beamr Imaging Ltd | Company report | 85% |
| Toshiba Corporation | Company report | 85% |
| Samsung Electronics | Company report | 85% |
| Kioxia Holdings Corporation | Company report | 85% |
| SK hynix, Inc. | Company report | 85% |
| Micron Technology, Inc. | Company report | 85% |
| Teradyne Inc | Company report | 85% |
| Penguin Solutions Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Seagate Technology Holdings Plc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Seagate Technology Holdings Plc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Micron Technology Inc | CMBU 33.21 % |
| Western Digital Corporation | HDD 100.00 % |
| Penguin Solutions Inc | Integrated Memory 57.46 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Seagate Technology Holdings Plc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Seagate Technology Holdings Plc | 106,950 | 459,967 | 146,533 |
| Micron Technology Inc | 788,670 | 2,183,410 | 1,392,934 |
| Western Digital Corporation | 101,292 | 362,050 | 250,525 |
| Penguin Solutions Inc | 2,679 | 617,932 | 65,039 |
| PEERS TOTAL | 892,640 | 1,439,308 | 916,880 |
Seagate Technology Holdings Plc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Seagate Technology Holdings Plc | Singapore 46.56 % |
| Micron Technology Inc | United States 68.57 % |
| Western Digital Corporation | Americas 47.50 % |
| Penguin Solutions Inc | United States 43.86 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Seagate Technology Holdings Plc's Position in Industry Market Structure
Market-capitalization share and concentration across all 15 companies in Seagate Technology Holdings Plc's industry classification, broader than the peer set above. Market cap in millions of $.Seagate Technology Holdings Plc ranks #5 of 15 companies by market capitalization in its industry, holding 1.77 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 7,163, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Apple Inc | 5,037,864 | 84.39 % |
| 2 | International Business Machines Corporation | 233,550 | 3.91 % |
| 3 | Dell Technologies Inc | 214,202 | 3.59 % |
| 4 | Sandisk Corporation | 129,434 | 2.17 % |
| 5 | Seagate Technology Holdings Plc | 105,567 | 1.77 % |
| 6 | Western Digital Corporation | 1,234 | 5.2% |
| 7 | Hewlett Packard Enterprise Company | 1,234 | 5.2% |
| 8 | Netapp Inc | 1,234 | 5.2% |
| 9 | Hp inc | 1,234 | 5.2% |
| 10 | Super Micro Computer Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Seagate Technology Holdings Plc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Seagate Technology Holdings Plc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Apple Inc | 5,037,864 | 25.65 % |
| 2 | International Business Machines Corporation | 233,550 | -21.14 % |
| 3 | Dell Technologies Inc | 214,202 | 128.10 % |
| 4 | Sandisk Corporation | 129,434 | 308.18 % |
| 5 | Seagate Technology Holdings Plc | 105,567 | 76.18 % |
| 6 | Western Digital Corporation | 1,234 | 12.3% |
| 7 | Hewlett Packard Enterprise Company | 1,234 | 12.3% |
| 8 | Netapp Inc | 1,234 | 12.3% |
| 9 | Hp inc | 1,234 | 12.3% |
| 10 | Super Micro Computer Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Seagate Technology Holdings Plc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Seagate Technology Holdings Plc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Computer Hardware industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (25 companies). See the full Computer Hardware industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 50.35 % | 27.50 % (avg) | +22.8 pp |
| Operating Margin | 39.60 % | industry median | +0.2 pp |
| EBITDA Margin | 40.46 % | 8.85 % (avg) | +31.6 pp |
| Capital Intensity (Capex / Revenue) | 4.89 % | 2.21 % (avg) | +2.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Seagate Technology Holdings Plc's Valuation vs Competitive Position
Valuation multiples vs the Computer Hardware industry average (25 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Computer Hardware industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 44.7x | 30.5x | +14.2x |
| EV / EBITDA | 36.0x | 19.0x | +16.9x |
| P/B | 126.6x | 7.4x | +119.2x |
| Return on Equity | 280.80 % | industry aggregate | 171.31 % |
| Return on Invested Capital | 69.40 % | 6.53 % (avg) | 62.87 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Seagate Technology Holdings Plc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 6.36 % | -11.89 % | 2.15 % | 17.73 % | -21.90 % | -30.81 % | 24.17 % | 25.18 % |
| Operating Margin | 16.40 % | 12.30 % | 12.21 % | 17.19 % | 7.87 % | -4.54 % | 16.78 % | 25.21 % |
| Return on Invested Capital | 23.26 % | 14.86 % | 15.86 % | 32.03 % | 13.40 % | -8.48 % | 45.11 % | 50.61 % |
| P/E | 7.1x | 9.8x | 15.7x | 13.1x | 19.6x | - | 18.3x | 29.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Seagate Technology Holdings Plc's Strategic Group Map
Seagate Technology Holdings Plc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Seagate Technology Holdings Plc's trailing-12-month revenue growth of 44.4% and operating margin of 39.6% compares with an average of 27.2% growth and 11.5% margin across its 8 closest peers by combined growth, margin and ROIC -- Seagate Technology Holdings Plc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Seagate Technology Holdings Plc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Seagate Technology Holdings Plc falls in the Dog quadrant: relative market share of 0.02x vs its largest competitor, in an industry growing revenue 9.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution. A caveat worth reading alongside this chart: Apple Inc alone holds 84% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Seagate Technology Holdings Plc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 7,163 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 4.89 % vs industry average 2.21 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Seagate Technology Holdings Plc's dedicated Suppliers and Customers pages, not here.
Seagate Technology Holdings Plc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Seagate Technology Holdings Plc falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Seagate Technology Holdings Plc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 171.3 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+22.7% annualized vs trailing 12 months).
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.02x).
Opportunities
No rule matched.
Threats
- Industry dominated by Apple Inc , holding 84.39 % of industry market cap.
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Seagate Technology Holdings Plc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Seagate Technology Holdings Plc | 0.42 | 1.55 | 2.39 |
| Micron Technology Inc | 1.20 | 3.14 | 0.13 |
| Western Digital Corporation | 0.38 | 1.32 | 0.30 |
| Penguin Solutions Inc | 0.60 | 1.86 | 1.30 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Seagate Technology Holdings Plc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Seagate Technology Holdings Plc | Q3 2026 | +61.0 % | +220.8 % |
| Micron Technology Inc | Q3 2026 | +379.3 % | +1,077.8 % |
| Western Digital Corporation | Q3 2026 | +55.5 % | +50.5 % |
| Penguin Solutions Inc | Q3 2026 | +67.3 % | +765.7 % |
| PEERS TOTAL | +270.8 % | +736.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Seagate Technology Holdings Plc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Seagate Technology Holdings Plc | Q3 2026 | +13.4 % | +101.0 % |
| Micron Technology Inc | Q3 2026 | +14.7 % | +96.4 % |
| Western Digital Corporation | Q3 2026 | +16.1 % | +211.0 % |
| Penguin Solutions Inc | Q3 2026 | +69.7 % | +46.1 % |
Seagate Technology Holdings Plc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Seagate Technology Holdings Plc | 47.25% | 69.70% | 280.80% |
| Micron Technology Inc | 66.08% | 76.66% | 92.93% |
| Western Digital Corporation | 70.14% | 100.19% | 120.72% |
| Penguin Solutions Inc | 8.74% | 14.09% | 40.37% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Seagate Technology Holdings Plc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Seagate Technology Holdings Plc | 24.12 | 7.75 |
| Micron Technology Inc | 9.28 | 5.92 |
| Western Digital Corporation | 10.21 | 6.99 |
| Penguin Solutions Inc | 16.15 | 1.55 |
| PEERS AVERAGE | 10.04 | 6.12 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.