Tech companies ranked by net margin
Which tech companies keep the most of each revenue dollar?
Western Digital leads with 72.9% (FY2026)
Western Digital: Includes a $6.50 billion gain on its retained interest in Sandisk, below operating income; operating margin was 34.5%. 10-K · Aug 14, 2026
Method and sources
Net income ÷ revenue. Latest fiscal year per company (FY2025, FY2026); fiscal years end on different dates, so years are not calendar-aligned.
A ratio of two values in the same filing currency, so companies are comparable regardless of currency.
Not ranked: Cerebras, Qnity (no SEC value for the latest fiscal year in the data).
Equal rounded values share a rank (marked “=”).
Derived = calculated by Hollsteen from reported SEC values; reported = as tagged in the filing. Each row links to the filing. SEC filings only, no market data.
All 98 companies
More rankings: Revenue · Net income · Free cash flow · Gross margin · Operating margin · 3-year revenue growth · R&D spending · R&D as % of revenue · Stock-based compensation as % of revenue · Share buybacks