Western Digital (HAM:WDC) FCF Margin %: 29.31% (As of Mar. 2026) — 590% Above Median


HAM:WDC Western Digital Corp HAM:WDC
60 GF Score
Price €52.14
GF Value €6.66
! 6 Warning Signs
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What is Western Digital FCF Margin %?

Western Digital HAM:WDC 60 FCF Margin % is 29.31% as of Mar. 2026, which is 590% above its 10-year median of 4.25. GuruFocus rates HAM:WDC with a GF Score™ of 60/100 and a GF Value™ of €6.66. The stock has 6 warning signs investors should review. Among 2,471 Hardware companies, Western Digital ranks better than 95.87% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Western Digital's Free Cash Flow for the three months ended in Mar. 2026 was €846 Mil. Western Digital's Revenue for the three months ended in Mar. 2026 was €2,887 Mil. Therefore, Western Digital's FCF Margin % for the quarter that ended in Mar. 2026 was 29.31%.

As of today, Western Digital's current FCF Yield % is 1.25%.

The historical rank and industry rank for Western Digital's FCF Margin % or its related term are showing as below:

HAM:WDC' s FCF Margin % Range Over the Past 10 Years
Min: -19.65   Med: 4.25   Max: 24.69
Current: 24.69


During the past 13 years, the highest FCF Margin % of Western Digital was 24.69%. The lowest was -19.65%. And the median was 4.25%.

HAM:WDC's FCF Margin % is ranked better than
95.87% of 2471 companies
in the Hardware industry
Industry Median: 0.63 vs HAM:WDC: 24.69


Western Digital FCF Margin % Related Terms


Western Digital FCF Margin % Historical Data

* Premium members only.

The historical data trend for Western Digital's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Western Digital FCF Margin % Chart

Western Digital Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.44 4.03 -19.65 -12.36 13.43

Western Digital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.52 25.91 21.26 21.64 29.31

HAM:WDC vs STX, ANET, SNDK: FCF Margin % Comparison

For the Computer Hardware subindustry, Western Digital's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Western Digital FCF Margin % vs Hardware Industry

For the Hardware industry and Technology sector, Western Digital's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Western Digital's FCF Margin % falls into.


HAM:WDC
60GF Score
Western Digital Corp HAM:WDC
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Western Digital FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Western Digital's FCF Margin for the fiscal year that ended in Jun. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Jun. 2025 )/Revenue (A: Jun. 2025 )
=1108.893/8253.84
=13.43 %

Western Digital's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=845.97/2886.505
=29.31 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 29.31% mean?
Western Digital (HAM:WDC) has a FCF Margin % of 29.31% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Western Digital and its competitors. This is 590% above median its historical median of 4.25. According to the industry distribution chart, Western Digital ranks #102 out of 2471 companies in the Hardware industry, placing it in the top 4.1%.
Is Western Digital's FCF Margin % too high?
Western Digital's current FCF Margin % of 29.31% is 590% above median its 10-year median of 4.25. The Hardware industry median FCF Margin % is 0.63. Western Digital's value of 29.31% is 4552.4% above this industry median. Based on the distribution chart, Western Digital ranks #102 out of 2471 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Western Digital has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Western Digital's FCF Margin % compare to STX and ANET?
According to the Hardware industry distribution chart, Western Digital ranks #102 out of 2471 companies for FCF Margin %. This places Western Digital in the top 4% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 0.63. Western Digital's value of 29.31% is 4552.4% above this benchmark. While the company's 10-year median is 4.25 vs. the industry median of 0.63, Western Digital has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Hardware company?
The median FCF Margin % among Hardware companies is 0.63, based on 2,471 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Digital's current FCF Margin % of 29.31% is 4552.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Western Digital and its competitors. For the Hardware industry, the median FCF Margin % is 0.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Digital's current FCF Margin % is 29.31%, which is 590% above median its own 10-year median of 4.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Digital stock overvalued right now?
Western Digital (HAM:WDC) has a current FCF Margin % of 29.31%. The stock's GF Value™ is €6.66, compared to a current price of €52.14 — trading 683% above its estimated fair value. The current FCF Margin % is 29.31%, which is 590% above median its 10-year median of 4.25 and 4552.4% above the Hardware industry median of 0.63. Western Digital's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Western Digital (HAM:WDC), the current FCF Margin % is 29.31% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Western Digital (HAM:WDC) Overvalued in 2026?

Based on GuruFocus' analysis, Western Digital stock appears to be overvalued. The current stock price of €52.14 is trading 683% above its estimated GF Value™ of €6.66.

Key valuation signals for HAM:WDC:

  • FCF Margin %: 29.31% (590% above median its 10-year median of 4.25)
  • GF Value™: €6.66 vs. price of €52.14 (683% above fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 4552.4% above the Hardware median (#102 of 2471)

No single metric tells the full story. See the HAM:WDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Digital Business Description

Address 5601 Great Oaks Parkway, San Jose, CA, USA, 95119
Western Digital is a leading vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly, with Western Digital and Seagate being the two largest players. Western Digital designs and manufactures its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
60GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€52.14
Price
€6.66
GF Value