Last 48 quarters of trend data · Technology · Computer Hardware
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Western Digital Corporation's quarterly P/E stands at 8.7x, up 21.0% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 298.0% YoY to 21.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 90.61 | 8.66 | 9.92 | 10.69 | 20.82 | 7.15 | 7.04 | 9.71 | 164.32 | 37.91 | — | — | — |
| — | +21.0% | +41.0% | +10.1% | -87.3% | -81.1% | — | — | — | — | — | — | — | |
| P/S Ratio | 16.52 | 8.31 | 5.85 | 4.38 | 2.20 | 1.58 | 0.96 | 2.12 | 2.49 | 2.46 | 1.06 | 1.01 | 0.86 |
| — | +424.3% | +512.1% | +106.9% | -11.8% | -35.7% | -9.9% | +109.1% | +189.6% | +204.4% | +73.8% | +92.8% | +44.7% | |
| P/B Ratio | 31.36 | 11.46 | 9.62 | 8.39 | 4.31 | 2.81 | 1.35 | 1.61 | 1.85 | 1.71 | 1.28 | 1.01 | 0.78 |
| — | +307.9% | +611.5% | +421.3% | +133.6% | +64.6% | +5.8% | +58.7% | +137.7% | +134.7% | +104.1% | +56.4% | -11.8% | |
| P/FCF | 122.49 | 28.35 | 27.02 | 20.61 | 8.49 | 9.59 | 14.26 | — | 19.98 | — | — | — | — |
| — | +195.6% | +89.4% | — | -57.5% | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 57.54 | 21.47 | 17.36 | 14.88 | 8.45 | 5.39 | 5.66 | 13.16 | 11.45 | 26.12 | — | — | — |
| — | +298.0% | +206.5% | +13.1% | -26.3% | -79.3% | — | — | — | — | — | — | — | |
| EV / EBIT | 68.66 | 23.20 | 9.33 | 9.38 | 15.37 | 28.45 | 6.59 | 18.28 | — | 63.68 | — | — | — |
| — | -18.4% | +41.7% | -48.7% | — | -55.3% | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Western Digital Corporation's operating margin was 35.7% in Q3 2026, up 3.7 pp QoQ and up 2.5 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 30.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 26.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.8% | 50.2% | 45.7% | 43.5% | 41.0% | 39.8% | 35.4% | 36.4% | 47.0% | 29.6% | 16.2% | 3.6% | 3.4% |
| — | +26.3% | +29.3% | +19.5% | -12.8% | +34.2% | +118.0% | +912.2% | +1263.8% | +190.3% | -4.5% | -86.3% | -89.2% | |
| Operating Margin | 24.5% | 35.7% | 31.9% | 28.1% | 26.1% | 33.1% | 19.9% | 15.4% | 24.5% | 5.4% | -6.9% | -21.7% | -24.3% |
| — | +7.6% | +60.5% | +82.8% | +6.8% | +517.5% | +387.1% | +170.9% | +200.5% | +131.9% | +33.0% | -612.5% | -296.0% | |
| Net Margin | 19.5% | 96.0% | 61.1% | 41.9% | 9.9% | 22.8% | 13.9% | 22.3% | 1.9% | 7.2% | -9.5% | -24.9% | -26.8% |
| — | +320.5% | +340.4% | +88.2% | +406.9% | +215.1% | +246.4% | +189.5% | +107.3% | +135.6% | +34.8% | -3546.7% | -502.5% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.1% | 37.7% | 27.9% | 21.1% | 4.9% | 6.1% | 5.0% | 4.4% | 0.4% | 1.3% | -2.7% | -6.0% | -5.9% |
| — | +521.5% | +457.0% | +380.9% | +1215.7% | +381.7% | +283.4% | +173.1% | +106.3% | +127.1% | +26.8% | -2803.2% | -336.3% | |
| ROA | 9.7% | 20.9% | 12.3% | 8.3% | 1.7% | 2.5% | 2.4% | 2.0% | 0.2% | 0.5% | -1.2% | -2.8% | -2.9% |
| — | +734.5% | +419.7% | +313.9% | +941.5% | +375.4% | +299.4% | +171.4% | +105.6% | +123.2% | +33.3% | -2813.5% | -348.4% | |
| ROIC | 13.8% | 9.3% | 7.6% | 6.9% | 5.8% | 4.2% | 3.6% | 1.5% | 2.1% | 0.4% | -0.9% | -2.7% | -2.8% |
| — | +121.2% | +113.3% | +375.1% | +169.8% | +929.3% | +485.8% | +154.6% | +175.0% | +120.0% | +33.6% | -483.2% | -213.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Western Digital Corporation's Debt/EBITDA ratio is 1.2x, down from 4.4x last quarter — comfortably within a safe range. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.96 | 0.16 | 0.63 | 0.86 | 0.96 | 1.49 | 0.66 | 0.69 | 0.72 | 0.90 | 0.96 | 0.70 | 0.60 |
| — | -89.0% | -3.2% | +25.0% | +32.3% | +66.1% | -32.1% | -1.9% | +21.1% | +58.3% | +65.2% | +19.5% | +3.9% | |
| Debt / EBITDA | 1.82 | 1.23 | 4.41 | 5.73 | 6.63 | 8.86 | 8.17 | 16.80 | 13.65 | 38.77 | — | — | — |
| — | -86.1% | -46.0% | -65.9% | -51.4% | -77.1% | — | — | — | — | — | — | — | |
| Current Ratio | 1.08 | 1.49 | 1.45 | 1.21 | 1.08 | 1.56 | 1.99 | 1.47 | 1.32 | 1.86 | 1.67 | 1.31 | 1.45 |
| — | -4.5% | -26.9% | -17.4% | -18.4% | -16.0% | +19.2% | +12.2% | -8.8% | +15.3% | -12.7% | -28.4% | -19.6% | |
| Quick Ratio | 0.84 | 1.20 | 1.19 | 0.94 | 0.84 | 1.31 | 1.26 | 0.91 | 1.10 | 1.07 | 0.98 | 0.70 | 0.77 |
| — | -8.4% | -5.6% | +3.4% | -23.1% | +22.7% | +28.4% | +29.5% | +42.2% | +24.4% | -6.3% | -32.8% | -30.6% | |
| Interest Coverage | 4.17 | — | 36.33 | 23.66 | 5.69 | 1.81 | 8.80 | 3.45 | -0.88 | 0.89 | -1.40 | -5.96 | -7.20 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Western Digital Corporation's current P/E is 90.6x. The average P/E over the last 4 quarters is 12.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Western Digital Corporation's current operating margin is 24.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Western Digital Corporation's business trajectory between earnings reports.