WESTERN DIGITAL CORP (WDC) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:WDC • US9581021055

282.58 USD
+22.39 (+8.61%)
At close: Feb 6, 2026
283.75 USD
+1.17 (+0.41%)
After Hours: 2/6/2026, 8:11:22 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Overall WDC gets a fundamental rating of 6 out of 10. We evaluated WDC against 35 industry peers in the Technology Hardware, Storage & Peripherals industry. While WDC belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. WDC is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • WDC had positive earnings in the past year.
  • WDC had a positive operating cash flow in the past year.
  • In multiple years WDC reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: WDC reported negative operating cash flow in multiple years.
WDC Yearly Net Income VS EBIT VS OCF VS FCFWDC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B 4B

1.2 Ratios

  • WDC has a better Return On Assets (23.89%) than 97.06% of its industry peers.
  • WDC has a better Return On Equity (50.82%) than 91.18% of its industry peers.
  • WDC has a Return On Invested Capital of 22.70%. This is amongst the best in the industry. WDC outperforms 91.18% of its industry peers.
Industry RankSector Rank
ROA 23.89%
ROE 50.82%
ROIC 22.7%
ROA(3y)0.89%
ROA(5y)2.34%
ROE(3y)3.69%
ROE(5y)6.28%
ROIC(3y)N/A
ROIC(5y)N/A
WDC Yearly ROA, ROE, ROICWDC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • WDC has a better Profit Margin (34.75%) than 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of WDC has grown nicely.
  • With an excellent Operating Margin value of 27.93%, WDC belongs to the best of the industry, outperforming 97.06% of the companies in the same industry.
  • WDC's Operating Margin has improved in the last couple of years.
  • The Gross Margin of WDC (42.72%) is better than 79.41% of its industry peers.
  • In the last couple of years the Gross Margin of WDC has grown nicely.
Industry RankSector Rank
OM 27.93%
PM (TTM) 34.75%
GM 42.72%
OM growth 3Y16.77%
OM growth 5Y53.81%
PM growth 3Y32.94%
PM growth 5YN/A
GM growth 3Y6.22%
GM growth 5Y11.02%
WDC Yearly Profit, Operating, Gross MarginsWDC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • WDC has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • WDC has more shares outstanding than it did 1 year ago.
  • WDC has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for WDC is higher compared to a year ago.
WDC Yearly Shares OutstandingWDC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
WDC Yearly Total Debt VS Total AssetsWDC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • WDC has a debt to FCF ratio of 2.02. This is a good value and a sign of high solvency as WDC would need 2.02 years to pay back of all of its debts.
  • The Debt to FCF ratio of WDC (2.02) is better than 82.35% of its industry peers.
  • WDC has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
  • WDC has a Debt to Equity ratio of 0.33. This is in the better half of the industry: WDC outperforms 61.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.02
Altman-Z N/A
ROIC/WACC2.63
WACC8.62%
WDC Yearly LT Debt VS Equity VS FCFWDC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B

2.3 Liquidity

  • WDC has a Current Ratio of 1.45. This is a normal value and indicates that WDC is financially healthy and should not expect problems in meeting its short term obligations.
  • WDC has a Current ratio of 1.45. This is comparable to the rest of the industry: WDC outperforms 52.94% of its industry peers.
  • A Quick Ratio of 1.19 indicates that WDC should not have too much problems paying its short term obligations.
  • The Quick ratio of WDC (1.19) is better than 61.76% of its industry peers.
Industry RankSector Rank
Current Ratio 1.45
Quick Ratio 1.19
WDC Yearly Current Assets VS Current LiabilitesWDC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • WDC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.31%, which is quite impressive.
  • WDC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 16.66% yearly.
  • WDC shows a strong growth in Revenue. In the last year, the Revenue has grown by 28.14%.
  • The Revenue for WDC have been decreasing by -10.67% on average. This is quite bad
EPS 1Y (TTM)23.31%
EPS 3Y-7.2%
EPS 5Y16.66%
EPS Q2Q%20.34%
Revenue 1Y (TTM)28.14%
Revenue growth 3Y-20.28%
Revenue growth 5Y-10.67%
Sales Q2Q%-29.59%

3.2 Future

  • WDC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.20% yearly.
  • Based on estimates for the next years, WDC will show a quite strong growth in Revenue. The Revenue will grow by 12.63% on average per year.
EPS Next Y33.27%
EPS Next 2Y39.12%
EPS Next 3Y36.37%
EPS Next 5Y13.2%
Revenue Next Year30.92%
Revenue Next 2Y26.82%
Revenue Next 3Y23.18%
Revenue Next 5Y12.63%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
WDC Yearly Revenue VS EstimatesWDC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
WDC Yearly EPS VS EstimatesWDC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 10 15

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 40.78, WDC can be considered very expensive at the moment.
  • WDC's Price/Earnings ratio is a bit cheaper when compared to the industry. WDC is cheaper than 61.76% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, WDC is valued a bit more expensive.
  • With a Price/Forward Earnings ratio of 22.22, WDC is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, WDC is valued a bit cheaper than the industry average as 61.76% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.78, WDC is valued a bit cheaper.
Industry RankSector Rank
PE 40.78
Fwd PE 22.22
WDC Price Earnings VS Forward Price EarningsWDC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, WDC is valued a bit cheaper than the industry average as 64.71% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, WDC is valued a bit cheaper than the industry average as 61.76% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 41.9
EV/EBITDA 28.2
WDC Per share dataWDC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • WDC's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of WDC may justify a higher PE ratio.
  • WDC's earnings are expected to grow with 36.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.23
PEG (5Y)2.45
EPS Next 2Y39.12%
EPS Next 3Y36.37%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.18%, WDC is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.66, WDC pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, WDC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.18%

5.2 History

  • The dividend of WDC decreases each year by -42.40%.
  • WDC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-42.4%
Div Incr Years0
Div Non Decr Years0
WDC Yearly Dividends per shareWDC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 3.51% of the earnings are spent on dividend by WDC. This is a low number and sustainable payout ratio.
DP3.51%
EPS Next 2Y39.12%
EPS Next 3Y36.37%
WDC Yearly Income VS Free CF VS DividendWDC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B 3B
WDC Dividend Payout.WDC Dividend Payout, showing the Payout Ratio.WDC Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

WESTERN DIGITAL CORP

NASDAQ:WDC (2/6/2026, 8:11:22 PM)

After market: 283.75 +1.17 (+0.41%)

282.58

+22.39 (+8.61%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)01-29
Earnings (Next)04-28
Inst Owners104.48%
Inst Owner Change-2.87%
Ins Owners0.3%
Ins Owner Change0.57%
Market Cap96.61B
Revenue(TTM)10.73B
Net Income(TTM)3.73B
Analysts80
Price Target279.7 (-1.02%)
Short Float %9.86%
Short Ratio3.82
Dividend
Industry RankSector Rank
Dividend Yield 0.18%
Yearly Dividend0.13
Dividend Growth(5Y)-42.4%
DP3.51%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-05
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.77%
Min EPS beat(2)9.95%
Max EPS beat(2)11.58%
EPS beat(4)4
Avg EPS beat(4)13.04%
Min EPS beat(4)9.95%
Max EPS beat(4)19.85%
EPS beat(8)7
Avg EPS beat(8)34.45%
EPS beat(12)11
Avg EPS beat(12)28.34%
EPS beat(16)13
Avg EPS beat(16)4.17%
Revenue beat(2)2
Avg Revenue beat(2)2.26%
Min Revenue beat(2)2.17%
Max Revenue beat(2)2.36%
Revenue beat(4)3
Avg Revenue beat(4)1.39%
Min Revenue beat(4)-3.37%
Max Revenue beat(4)4.41%
Revenue beat(8)4
Avg Revenue beat(8)0.63%
Revenue beat(12)8
Avg Revenue beat(12)1.3%
Revenue beat(16)11
Avg Revenue beat(16)1.24%
PT rev (1m)49%
PT rev (3m)116.75%
EPS NQ rev (1m)20.29%
EPS NQ rev (3m)22.21%
EPS NY rev (1m)12.82%
EPS NY rev (3m)19.62%
Revenue NQ rev (1m)9%
Revenue NQ rev (3m)9.38%
Revenue NY rev (1m)4.62%
Revenue NY rev (3m)7.49%
Valuation
Industry RankSector Rank
PE 40.78
Fwd PE 22.22
P/S 9
P/FCF 41.9
P/OCF 36.17
P/B 13.16
P/tB 31.98
EV/EBITDA 28.2
EPS(TTM)6.93
EY2.45%
EPS(NY)12.72
Fwd EY4.5%
FCF(TTM)6.74
FCFY2.39%
OCF(TTM)7.81
OCFY2.76%
SpS31.4
BVpS21.47
TBVpS8.84
PEG (NY)1.23
PEG (5Y)2.45
Graham Number57.86
Profitability
Industry RankSector Rank
ROA 23.89%
ROE 50.82%
ROCE 28.73%
ROIC 22.7%
ROICexc 37.05%
ROICexgc 114.25%
OM 27.93%
PM (TTM) 34.75%
GM 42.72%
FCFM 21.48%
ROA(3y)0.89%
ROA(5y)2.34%
ROE(3y)3.69%
ROE(5y)6.28%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y58.03%
ROICexgc growth 5Y82.85%
ROICexc growth 3Y35.09%
ROICexc growth 5Y70.9%
OM growth 3Y16.77%
OM growth 5Y53.81%
PM growth 3Y32.94%
PM growth 5YN/A
GM growth 3Y6.22%
GM growth 5Y11.02%
F-Score7
Asset Turnover0.69
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 2.02
Debt/EBITDA 0.72
Cap/Depr 97.07%
Cap/Sales 3.4%
Interest Coverage 250
Cash Conversion 79.16%
Profit Quality 61.82%
Current Ratio 1.45
Quick Ratio 1.19
Altman-Z N/A
F-Score7
WACC8.62%
ROIC/WACC2.63
Cap/Depr(3y)92.08%
Cap/Depr(5y)98.32%
Cap/Sales(3y)8.39%
Cap/Sales(5y)7.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.31%
EPS 3Y-7.2%
EPS 5Y16.66%
EPS Q2Q%20.34%
EPS Next Y33.27%
EPS Next 2Y39.12%
EPS Next 3Y36.37%
EPS Next 5Y13.2%
Revenue 1Y (TTM)28.14%
Revenue growth 3Y-20.28%
Revenue growth 5Y-10.67%
Sales Q2Q%-29.59%
Revenue Next Year30.92%
Revenue Next 2Y26.82%
Revenue Next 3Y23.18%
Revenue Next 5Y12.63%
EBIT growth 1Y142.56%
EBIT growth 3Y-6.92%
EBIT growth 5Y37.4%
EBIT Next Year84.38%
EBIT Next 3Y39.22%
EBIT Next 5Y24.43%
FCF growth 1Y236.94%
FCF growth 3Y19.05%
FCF growth 5Y48.52%
OCF growth 1Y328.88%
OCF growth 3Y-3.47%
OCF growth 5Y15.46%

WESTERN DIGITAL CORP / WDC FAQ

Can you provide the ChartMill fundamental rating for WESTERN DIGITAL CORP?

ChartMill assigns a fundamental rating of 6 / 10 to WDC.


What is the valuation status of WESTERN DIGITAL CORP (WDC) stock?

ChartMill assigns a valuation rating of 5 / 10 to WESTERN DIGITAL CORP (WDC). This can be considered as Fairly Valued.


Can you provide the profitability details for WESTERN DIGITAL CORP?

WESTERN DIGITAL CORP (WDC) has a profitability rating of 7 / 10.


Can you provide the financial health for WDC stock?

The financial health rating of WESTERN DIGITAL CORP (WDC) is 5 / 10.


How sustainable is the dividend of WESTERN DIGITAL CORP (WDC) stock?

The dividend rating of WESTERN DIGITAL CORP (WDC) is 3 / 10 and the dividend payout ratio is 3.51%.