Western Digital vs Xerox
Western Digital reported revenue of $12.9 billion in fiscal 2026, 1.8 times Xerox's $7.0 billion in fiscal 2025. Western Digital's revenue grew 35.7% in its latest year, and Xerox's grew 12.9%. Free cash flow was $3.5 billion at Western Digital and $187 million at Xerox. Their fiscal years end in different months (July 3 and December 31), so the periods don't line up exactly.
Side by side
| Western Digital | Xerox | |
|---|---|---|
| Latest fiscal year | FY2026, Jul 3, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $12.9B | $7.0B |
| Revenue growth | 35.7% | 12.9% |
| Revenue growth a year, last 5 years | −5.3% | 0.0% |
| Gross margin | 48.9% | — |
| Operating margin | 34.5% | — |
| Net margin | 73.0% | −14.7% |
| Free cash flow | $3.5B | $187M |
| Free cash flow margin | 27.2% | 2.7% |
| Return on capital | 52.2% | −3.3% |
| Net debt to EBITDA | −0.1x | 19.8x |
| Dividends and buybacks | $2.8B | $57M |
| Change in diluted share count | 6.7% | 1.8% |
| Last close | $263.78 | $1.08 |
| P/E at the last close | 10.2× | — |
| Insider trades, last 12 months | sold $72.2 million | — |
| Piotroski F-score | 7 of 9 | 4 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Western DigitalXerox
Operating margin
Percent of revenue
Western DigitalXerox
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Western DigitalXerox
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Western Digital and Xerox pages.