Western Digital Corporation
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa. The company offers internal HDDs, data center drives, data center platforms, external drives, portable drives, NAS for home and office, and accessories. It sells its data storage devices and solu… Read more
Western Digital Corporation (WDC) - Net Assets
Latest net assets as of December 2025: $7.34 Billion USD
Based on the latest financial reports, Western Digital Corporation (WDC) has net assets worth $7.34 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.61 Billion) and total liabilities ($8.27 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.34 Billion |
| % of Total Assets | 47.02% |
| Annual Growth Rate | 10.89% |
| 5-Year Change | -50.46% |
| 10-Year Change | -52.35% |
| Growth Volatility | 100.9 |
Western Digital Corporation - Net Assets Trend (1986–2025)
This chart illustrates how Western Digital Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Western Digital Corporation (1986–2025)
The table below shows the annual net assets of Western Digital Corporation from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $5.31 Billion | -50.91% |
| 2024-06-30 | $10.82 Billion | -1.33% |
| 2023-06-30 | $10.96 Billion | -10.29% |
| 2022-06-30 | $12.22 Billion | +13.99% |
| 2021-06-30 | $10.72 Billion | +12.25% |
| 2020-06-30 | $9.55 Billion | -4.17% |
| 2019-06-30 | $9.97 Billion | -13.56% |
| 2018-06-30 | $11.53 Billion | +0.99% |
| 2017-06-30 | $11.42 Billion | +2.45% |
| 2016-06-30 | $11.14 Billion | +20.75% |
| 2015-06-30 | $9.23 Billion | +4.39% |
| 2014-06-30 | $8.84 Billion | +12.02% |
| 2013-06-30 | $7.89 Billion | +2.92% |
| 2012-06-30 | $7.67 Billion | +39.74% |
| 2011-06-30 | $5.49 Billion | +16.54% |
| 2010-06-30 | $4.71 Billion | +47.53% |
| 2009-06-30 | $3.19 Billion | +18.40% |
| 2008-06-30 | $2.70 Billion | +57.11% |
| 2007-06-30 | $1.72 Billion | +49.96% |
| 2006-06-30 | $1.14 Billion | +63.40% |
| 2005-06-30 | $700.30 Million | +43.62% |
| 2004-06-30 | $487.60 Million | +48.93% |
| 2003-06-30 | $327.40 Million | +218.29% |
| 2002-06-30 | $102.86 Million | +535.50% |
| 2001-06-30 | $16.19 Million | +116.65% |
| 2000-06-30 | $-97.21 Million | +36.79% |
| 1999-06-30 | $-153.80 Million | -148.40% |
| 1998-06-30 | $317.80 Million | -48.74% |
| 1997-06-30 | $620.00 Million | +36.59% |
| 1996-06-30 | $453.90 Million | -4.12% |
| 1995-06-30 | $473.40 Million | +64.26% |
| 1994-06-30 | $288.20 Million | +120.00% |
| 1993-06-30 | $131.00 Million | +16.65% |
| 1992-06-30 | $112.30 Million | -39.33% |
| 1991-06-30 | $185.10 Million | -42.52% |
| 1990-06-30 | $322.00 Million | +6.59% |
| 1989-06-30 | $302.10 Million | +18.47% |
| 1988-06-30 | $255.00 Million | +26.30% |
| 1987-06-30 | $201.90 Million | +114.33% |
| 1986-06-30 | $94.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Digital Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3931.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $762.00 Million | 14.35% |
| Common Stock | $3.00 Million | 0.06% |
| Other Comprehensive Income | $20.00 Million | 0.38% |
| Other Components | $4.53 Billion | 85.22% |
| Total Equity | $5.31 Billion | 100.00% |
Western Digital Corporation Competitors by Market Cap
The table below lists competitors of Western Digital Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CVS Health Corp
NYSE:CVS
|
$96.29 Billion |
|
Rio Tinto Group
PINK:RTNTF
|
$97.13 Billion |
|
China Shenhua Energy Co Ltd
PINK:CSUAY
|
$97.80 Billion |
|
China Merchants Bank Co Ltd Class H
PINK:CIHHF
|
$97.81 Billion |
|
Duke Energy Corporation
NYSE:DUK
|
$96.16 Billion |
|
Howmet Aerospace Inc
NYSE MKT:HWM
|
$95.77 Billion |
|
Xiaomi Corp
PINK:XIACF
|
$95.43 Billion |
|
Bank of Montreal
NYSE:BMO
|
$95.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Digital Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,818,000,000 to 5,311,000,000, a change of -5,507,000,000 (-50.9%).
- Net income of 1,861,000,000 contributed positively to equity growth.
- Dividend payments of 44,000,000 reduced retained earnings.
- Share repurchases of 149,000,000 reduced equity.
- Other comprehensive income increased equity by 732,000,000.
- Other factors decreased equity by 7,907,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.86 Billion | +35.04% |
| Dividends Paid | $44.00 Million | -0.83% |
| Share Repurchases | $149.00 Million | -2.81% |
| Other Comprehensive Income | $732.00 Million | +13.78% |
| Other Changes | $-7.91 Billion | -148.88% |
| Total Change | $- | -50.91% |
Book Value vs Market Value Analysis
This analysis compares Western Digital Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 19.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 122.72x to 19.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-06-30 | $2.33 | $286.21 | x |
| 1987-06-30 | $3.92 | $286.21 | x |
| 1988-06-30 | $4.51 | $286.21 | x |
| 1989-06-30 | $5.20 | $286.21 | x |
| 1990-06-30 | $5.46 | $286.21 | x |
| 1991-06-30 | $3.17 | $286.21 | x |
| 1992-06-30 | $1.93 | $286.21 | x |
| 1993-06-30 | $2.09 | $286.21 | x |
| 1994-06-30 | $3.15 | $286.21 | x |
| 1995-06-30 | $4.60 | $286.21 | x |
| 1996-06-30 | $4.73 | $286.21 | x |
| 1997-06-30 | $6.63 | $286.21 | x |
| 1998-06-30 | $3.63 | $286.21 | x |
| 1999-06-30 | $-1.72 | $286.21 | x |
| 2000-06-30 | $-0.94 | $286.21 | x |
| 2001-06-30 | $0.04 | $286.21 | x |
| 2002-06-30 | $0.53 | $286.21 | x |
| 2003-06-30 | $1.56 | $286.21 | x |
| 2004-06-30 | $2.25 | $286.21 | x |
| 2005-06-30 | $3.22 | $286.21 | x |
| 2006-06-30 | $5.17 | $286.21 | x |
| 2007-06-30 | $7.59 | $286.21 | x |
| 2008-06-30 | $11.93 | $286.21 | x |
| 2009-06-30 | $14.12 | $286.21 | x |
| 2010-06-30 | $20.21 | $286.21 | x |
| 2011-06-30 | $23.35 | $286.21 | x |
| 2012-06-30 | $31.30 | $286.21 | x |
| 2013-06-30 | $32.09 | $286.21 | x |
| 2014-06-30 | $36.54 | $286.21 | x |
| 2015-06-30 | $38.90 | $286.21 | x |
| 2016-06-30 | $46.05 | $286.21 | x |
| 2017-06-30 | $38.57 | $286.21 | x |
| 2018-06-30 | $37.56 | $286.21 | x |
| 2019-06-30 | $34.13 | $286.21 | x |
| 2020-06-30 | $32.05 | $286.21 | x |
| 2021-06-30 | $34.70 | $286.21 | x |
| 2022-06-30 | $38.67 | $286.21 | x |
| 2023-06-30 | $34.48 | $286.21 | x |
| 2024-06-30 | $33.18 | $286.21 | x |
| 2025-06-30 | $14.79 | $286.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Digital Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 35.04%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.55%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 2.64x
- Recent ROE (35.04%) is above the historical average (-26.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 21.87% | 7.42% | 1.34x | 2.20x | $11.18 Million |
| 1987 | 21.20% | 9.25% | 1.50x | 1.52x | $22.61 Million |
| 1988 | 16.86% | 5.60% | 1.40x | 2.16x | $17.50 Million |
| 1989 | 11.35% | 3.46% | 1.68x | 1.95x | $4.09 Million |
| 1990 | 7.52% | 2.26% | 1.68x | 1.98x | $-8.00 Million |
| 1991 | -72.50% | -13.61% | 1.59x | 3.35x | $-152.71 Million |
| 1992 | -64.92% | -7.77% | 1.76x | 4.74x | $-84.13 Million |
| 1993 | -19.16% | -2.05% | 2.31x | 4.05x | $-38.20 Million |
| 1994 | 25.36% | 4.75% | 2.40x | 2.22x | $44.28 Million |
| 1995 | 26.05% | 5.79% | 2.48x | 1.81x | $75.96 Million |
| 1996 | 21.35% | 3.38% | 2.91x | 2.17x | $51.51 Million |
| 1997 | 43.16% | 6.41% | 3.20x | 2.11x | $205.60 Million |
| 1998 | -91.32% | -8.19% | 2.45x | 4.54x | $-321.98 Million |
| 1999 | 0.00% | -17.81% | 2.71x | 0.00x | $-477.32 Million |
| 2000 | 0.00% | -9.61% | 3.18x | 0.00x | $-177.03 Million |
| 2001 | -1453.23% | -5.06% | 3.85x | 74.62x | $-99.54 Million |
| 2002 | 63.61% | 3.04% | 3.38x | 6.19x | $55.14 Million |
| 2003 | 55.62% | 6.70% | 3.14x | 2.65x | $149.36 Million |
| 2004 | 30.72% | 4.92% | 2.63x | 2.38x | $101.04 Million |
| 2005 | 27.99% | 5.39% | 2.29x | 2.27x | $125.97 Million |
| 2006 | 34.14% | 9.10% | 2.09x | 1.79x | $279.30 Million |
| 2007 | 32.87% | 10.31% | 1.88x | 1.69x | $392.40 Million |
| 2008 | 32.16% | 10.74% | 1.66x | 1.81x | $597.40 Million |
| 2009 | 14.72% | 6.31% | 1.41x | 1.66x | $150.80 Million |
| 2010 | 29.35% | 14.03% | 1.34x | 1.56x | $911.10 Million |
| 2011 | 13.23% | 7.62% | 1.17x | 1.48x | $177.20 Million |
| 2012 | 21.02% | 12.92% | 0.88x | 1.85x | $845.10 Million |
| 2013 | 12.42% | 6.38% | 1.09x | 1.78x | $190.70 Million |
| 2014 | 18.29% | 10.69% | 0.98x | 1.75x | $732.80 Million |
| 2015 | 15.89% | 10.05% | 0.96x | 1.65x | $543.10 Million |
| 2016 | 2.17% | 1.86% | 0.40x | 2.95x | $-872.50 Million |
| 2017 | 3.48% | 2.08% | 0.64x | 2.62x | $-744.80 Million |
| 2018 | 5.85% | 3.27% | 0.71x | 2.54x | $-478.10 Million |
| 2019 | -7.56% | -4.55% | 0.63x | 2.65x | $-1.75 Billion |
| 2020 | -2.62% | -1.49% | 0.65x | 2.69x | $-1.21 Billion |
| 2021 | 7.66% | 4.85% | 0.65x | 2.44x | $-251.10 Million |
| 2022 | 12.65% | 8.23% | 0.72x | 2.15x | $323.90 Million |
| 2023 | -15.36% | -26.92% | 0.25x | 2.24x | $-2.78 Billion |
| 2024 | -7.38% | -12.63% | 0.26x | 2.24x | $-1.88 Billion |
| 2025 | 35.04% | 19.55% | 0.68x | 2.64x | $1.33 Billion |
Industry Comparison
This section compares Western Digital Corporation's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $385,959,935,977
- Average return on equity (ROE) among peers: 0.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Digital Corporation (WDC) | $7.34 Billion | 21.87% | 1.13x | $96.27 Billion |
| Acer Incorporated (ACEYY) | $75.03 Billion | -3.88% | 2.02x | $3.26 Billion |
| AGM Group Holdings Inc Class A (AGMH) | $30.44 Million | 37.69% | 3.11x | $2.22 Million |
| AstroNova Inc (ALOT) | $9.30 Million | 9.68% | 0.59x | $46.95 Million |
| Arista Networks (ANET) | $7.22 Billion | 28.91% | 0.38x | $140.80 Billion |
| Bgin Blockchain Limited Class A Ordinary Shares (BGIN) | $9.12 Million | -2.42% | 0.30x | $27.82K |
| Braiin Limited Common Stock (BRAI) | $-2.83 Million | 0.00% | 0.00x | $38.04 Million |
| BTC Digital Ltd. (BTCT) | $19.44 Million | -14.53% | 0.26x | $9.47 Million |
| Canon Inc. (CAJPY) | $3.78 Trillion | 9.22% | 0.63x | $24.42 Billion |
| Canaan Inc (CAN) | $543.31 Million | 56.77% | 0.63x | $346.91 Million |
| CCUR Holdings Inc (CCUR) | $35.00 Million | -113.71% | 2.52x | $6.74 Million |