Western Digital Corporation Net Assets
Western Digital Corporation net assets. Based on the latest financial reports, Western Digital Corporation (WDC) has net assets worth $8.86 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.86 Billion) and total liabilities ($5.00 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. Also explore Western Digital Corporation (WDC) net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.86 Billion |
| % of Total Assets | 63.95% |
| Annual Growth Rate | 12.03% |
| 5-Year Change | -27.47% |
| 10-Year Change | -22.37% |
| Growth Volatility | 99.71 |
Net Assets of Western Digital Corporation (1986–2026)
Net assets of Western Digital Corporation from 1986 to 2026. This chart illustrates how Western Digital Corporation's net assets have evolved over time, based on quarterly financial data. See Western Digital Corporation balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for Western Digital Corporation (1986–2026)
The table below shows the annual net assets of Western Digital Corporation from 1986 to 2026. For live market cap and overall valuation, see WDC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-06-30 | $8.86 Billion | +66.90% |
| 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 52799.5% over the analyzed period, indicating profitable operations and earnings retention.
Western Digital Corporation Net Assets Breakdown (June 2026)
Western Digital Corporation net assets breakdown by equity component as of June 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $10.00 Billion | 112.79% |
| Common Stock | $4.00 Million | 0.05% |
| Other Comprehensive Income | $23.00 Million | 0.26% |
| Total Equity | $8.86 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 |
|---|---|
|
IBERDROLA ADR/1 EO 3
F:IBE5
|
$132.13 Billion |
|
Intuitive Surgical Inc
NASDAQ:ISRG
|
$132.26 Billion |
|
Chubb Ltd
NYSE:CB
|
$132.63 Billion |
|
Uber Technologies Inc
NYSE:UBER
|
$134.29 Billion |
|
China Merchants Bank Co Ltd
SHG:600036
|
$131.46 Billion |
|
Eaton Corporation PLC
F:3EC
|
$131.40 Billion |
|
Anheuser Busch Inbev SA NV
BR:ABI
|
$131.36 Billion |
|
Iberdrola S.A.
MC:IBE
|
$131.27 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 2025 to 2026, total equity changed from 5,311,000,000 to 8,864,000,000, a change of 3,553,000,000 (66.9%).
- Net income of 9,424,000,000 contributed positively to equity growth.
- Dividend payments of 184,000,000 reduced retained earnings.
- Share repurchases of 2,592,000,000 reduced equity.
- Other comprehensive income increased equity by 3,000,000.
- Other factors decreased equity by 3,098,000,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.42 Billion | +106.32% |
| Dividends Paid | $184.00 Million | -2.08% |
| Share Repurchases | $2.59 Billion | -29.24% |
| Other Comprehensive Income | $3.00 Million | +0.03% |
| Other Changes | $-3.10 Billion | -34.95% |
| Total Change | $- | 66.90% |
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: 15.82x
- 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 156.98x to 15.82x 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 | $366.11 | x |
| 1987-06-30 | $3.92 | $366.11 | x |
| 1988-06-30 | $4.51 | $366.11 | x |
| 1989-06-30 | $5.20 | $366.11 | x |
| 1990-06-30 | $5.46 | $366.11 | x |
| 1991-06-30 | $3.17 | $366.11 | x |
| 1992-06-30 | $1.93 | $366.11 | x |
| 1993-06-30 | $2.09 | $366.11 | x |
| 1994-06-30 | $3.15 | $366.11 | x |
| 1995-06-30 | $4.60 | $366.11 | x |
| 1996-06-30 | $4.73 | $366.11 | x |
| 1997-06-30 | $6.63 | $366.11 | x |
| 1998-06-30 | $3.63 | $366.11 | x |
| 1999-06-30 | $-1.72 | $366.11 | x |
| 2000-06-30 | $-0.94 | $366.11 | x |
| 2001-06-30 | $0.04 | $366.11 | x |
| 2002-06-30 | $0.53 | $366.11 | x |
| 2003-06-30 | $1.56 | $366.11 | x |
| 2004-06-30 | $2.25 | $366.11 | x |
| 2005-06-30 | $3.22 | $366.11 | x |
| 2006-06-30 | $5.17 | $366.11 | x |
| 2007-06-30 | $7.59 | $366.11 | x |
| 2008-06-30 | $11.93 | $366.11 | x |
| 2009-06-30 | $14.12 | $366.11 | x |
| 2010-06-30 | $20.21 | $366.11 | x |
| 2011-06-30 | $23.35 | $366.11 | x |
| 2012-06-30 | $31.30 | $366.11 | x |
| 2013-06-30 | $32.09 | $366.11 | x |
| 2014-06-30 | $36.54 | $366.11 | x |
| 2015-06-30 | $38.90 | $366.11 | x |
| 2016-06-30 | $46.05 | $366.11 | x |
| 2017-06-30 | $38.57 | $366.11 | x |
| 2018-06-30 | $37.56 | $366.11 | x |
| 2019-06-30 | $34.13 | $366.11 | x |
| 2020-06-30 | $32.05 | $366.11 | x |
| 2021-06-30 | $34.70 | $366.11 | x |
| 2022-06-30 | $38.67 | $366.11 | x |
| 2023-06-30 | $34.48 | $366.11 | x |
| 2024-06-30 | $33.18 | $366.11 | x |
| 2025-06-30 | $14.79 | $366.11 | x |
| 2026-06-30 | $23.14 | $366.11 | 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): 106.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 72.95%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.56x
- Recent ROE (106.32%) is above the historical average (-23.52%), 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 |
| 2026 | 106.32% | 72.95% | 0.93x | 1.56x | $8.54 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: $586,325,051
- Average return on equity (ROE) among peers: 12.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Digital Corporation (WDC) | $8.86 Billion | 21.87% | 0.56x | $132.00 Billion |
| AGM Group Holdings Inc Class A (AGMH) | $19.43 Million | -38.28% | 4.02x | $1.00 Million |
| AstroNova Inc (ALOT) | $76.86 Million | -3.09% | 0.79x | $227.32 Million |
| PRODWAYS GROUP (ALPWG) | $64.85 Million | 0.97% | 0.75x | $19.24 Million |
| AMC Robotics Corporation (AMCI) | $-2.33 Million | 0.00% | 0.00x | $49.69 Million |
| Arista Networks (ANET) | $1.66 Billion | 25.46% | 0.48x | $171.79 Billion |
| Braiin Limited Common Stock (BRAI) | $-2.83 Million | 0.00% | 0.00x | $168.31 Million |
| BTC Digital Ltd. (BTCT) | $19.44 Million | -14.53% | 0.26x | $6.40 Million |
| Canaan Inc (CAN) | $3.46 Billion | 56.77% | 0.63x | $142.58 Million |
| Cricut Inc (CRCT) | $534.87 Million | 10.03% | 0.40x | $323.79 Million |
| Corsair Gaming Inc (CRSR) | $32.40 Million | 89.79% | 6.35x | $842.23 Million |
About Western Digital Corporation
Western Digital Corporation engages in the development, manufacture, and sale of 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 stora… Read more