Western Digital Corporation

WDCNASDAQTechnology● Active

$511.72

$-63.78(-11.08%)

Market Cap$176.4B

P/E Ratio—

52W High$602.54

52W Low$54.22

Avg Volume7.8M

Open$546.76

Beta2.20

Overview

Western Digital Corporation (WDC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

WDC · free cash flow · updated Jun 8, 2026

Core FCF metrics

WDC · FCF · TTM · margin & CAGR

Free cash flow was $1.28B for FY2025 (fiscal year ending 2025-06-27), up 264.4% year-over-year The FCF margin was 13.5%. Five-year CAGR stands at +48.6%.

FY2025 Free Cash Flow$1.28B▲ +264.4% YoY

Trailing 12M (TTM)$2.90Btrailing 4 quarters sum

FCF Margin13.5%$1.28B ÷ revenue

3-Year CAGR+18.4%FY2022 → FY2025

5-Year CAGR+48.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

WDC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.69B(407M)$1.28B▲ +264.4%13.5%

FY2024−$294.0M(487M)−$781.0M▲ +35.7%-12.4%

FY2023−$408.0M(807M)−$1.22B▼ 257.2%-19.4%

FY2022$1.88B(1.11B)$773.0M▼ 13.6%4.1%

FY2021$1.90B(1.00B)$895.0M▲ +405.6%5.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

WDC · P/FCF · FCF yield · FCF per share

Western Digital Corporation (WDC) trades at a FCF yield of 1.65% and a price-to-free-cash-flow ratio of 61.1x. FCF per share stands at $8.37, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.65%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$8.37

TTM FCF ÷ Shares Outstanding

Price / FCF

x61.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x60.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-06-27

Cash flow statement summary

WDC · cash flow statement · operating / investing / financing

For FY2025, Western Digital Corporation generated $1.69B in operating cash flow and spent 407M in capital expenditures, yielding $1.28B in free cash flow.

Operating Activities

+$1.69B

Cash from core business operations

2025-06-27

Investing Activities

+$150.0M

CapEx, acquisitions & investments

2025-06-27

Financing Activities

−$1.61B

Buybacks, dividends & debt

2025-06-27

FCF FormulaOperating CF ($1.69B) − |CapEx| (407M) = FCF ($1.28B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

WDC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Western Digital CorporationYOU

WDC

$1.28B+264.4%13.5%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Western Digital Corporation (WDC) reported free cash flow of $1.28B for FY2025 (fiscal year ending 2025-06-27), up 264.4% year-over-year. The FCF margin was 13.5%.

Based on available data, Western Digital Corporation has maintained positive free cash flow for at least 13 fiscal year(s). FCF peaked at $3.40B in FY2018. The 5-year CAGR stands at +48.6%.

Western Digital Corporation's FCF yield is 1.65% and price-to-FCF ratio is 61.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

WDC free cash flow · 8 questions

Western Digital Corporation free cash flow was $1.28B for FY2025, up 264.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.90B.

WDC free cash flowWDC FCFWDC FCF 2025WDC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Western Digital Corporation · Western Digital Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026