HP
HPQ NYSE· Technology Hardware, Storage & Peripherals
Last close · Oct 27, 2026
$33.58
KIRA · Stoqly’s AI analyst, in plain words
- HP had $55.3B of revenue in fiscal 2025, up 3.2% on the year before. Over five years, revenue changed −0.5% a year on average.
- Its operating margin was 5.7%, down 1.4 pts: of every 100 in sales, about 6 is left after running the business.
- HP made $2.5B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 7.1% a year.
- Free cash flow was $2.8B in fiscal 2025, 5.1% of revenue.
- HP returned $1.9B to shareholders in fiscal 2025, 69% of free cash flow. The diluted share count fell 3.6%.
- HP owes $6.0B more than it holds in cash, about 1.5 years of operating profit.
Market cap
$31.1B
P/E
12.9x
Revenue
$55.3B
Net income
$2.5B
Free cash flow
$2.8B
Operating margin
5.7%
HP in 30 seconds · fiscal 2025
Are sales growing?
+3.2%
Only a little. Sales grew 3.2% last year.
Does it make a profit?
4.6%
A little. It keeps 4.6% of every sale as profit.
Does profit turn into cash?
5.1%
Partly. 5.1% of sales ends up as free cash.
Is debt under control?
1.5x
Keep an eye on it. Repaying its debt would take 1.5 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
12.9x
One share costs 12.9 times its yearly profit per share. Typical for its sector: 33.5x.
What HP does
HP makes personal computers and printers, and sells the ink, toner and services that go with them. Its products include business and home laptops and desktops, workstations, gaming PCs, displays, office and home printers, large-format and industrial printing presses, and 3D printers. It sells to consumers, small businesses, large companies and public bodies in more than 170 countries, mostly through retailers, resellers and distributors. HP reports three segments. Personal Systems covers PCs and related services. Printing covers printer hardware and supplies, the cartridges and other materials customers buy again and again. Corporate Investments holds early-stage projects. One distributor, TD Synnex, accounted for 12% of net revenue in fiscal 2025, the year ended October 31, 2025, and about 65% came from outside the United States. HP names Apple, Dell, Lenovo, Acer, ASUSTeK and Microsoft among its PC rivals, and Canon, Epson, Brother, Ricoh and Xerox among its printer rivals.
Biggest risks, in its own words
- Failing to keep developing and selling new products, including AI-capable PCs, as the industry changes.
- Its heavy reliance on outside suppliers and manufacturers, and supply chain problems.
- Strong competition, including from partners that also sell their own products and from cheaper non-HP supplies.
- Weak economic conditions that reduce demand for its PCs and printers.
- Fiscal year ends
- October 31, 2025
- Latest annual report
- 10-K · Dec 10, 2025
- Legal name
- HP INC.
- CIK
- 0000047217
HP · HPQ
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $63.5B | $62.9B | $53.7B | $53.6B | $55.3B |
| Revenue growth | 12.0% | −0.9% | −14.6% | −0.3% | 3.2% |
| Gross margin | 21.1% | 19.5% | 21.4% | 22.1% | 20.6% |
| Operating margin | 8.4% | 7.3% | 6.4% | 7.1% | 5.7% |
| Net income | $6.5B | $3.1B | $3.3B | $2.8B | $2.5B |
| Net margin | 10.3% | 5.0% | 6.1% | 5.2% | 4.6% |
| Diluted EPS | $5.36 | $2.98 | $3.26 | $2.81 | $2.65 |
| Cash | |||||
| Cash from operations | $6.4B | $4.5B | $3.6B | $3.7B | $3.7B |
| Capital expenditure | $582M | $765M | $593M | $592M | $897M |
| Free cash flow | $5.8B | $3.7B | $3.0B | $3.2B | $2.8B |
| FCF margin | 9.2% | 5.9% | 5.5% | 5.9% | 5.1% |
| Dividends paid | $938M | $1.0B | $1.0B | $1.1B | $1.1B |
| Share buybacks | $6.2B | $4.3B | $100M | $2.1B | $850M |
| Share count change | −14.1% | −13.9% | −4.8% | −1.1% | −3.6% |
| Debt and strength | |||||
| Cash and short-term investments | $4.3B | $3.1B | $3.1B | $3.2B | $3.7B |
| Debt incl. finance leases | $7.6B | $11.2B | $9.6B | $9.7B | $9.7B |
| Shareholders' equity | −$1.6B | −$3.0B | −$1.1B | −$1.3B | −$346M |
| Net debt / EBITDA | 0.5x | 1.5x | 1.5x | 1.4x | 1.5x |
| Current ratio | 0.8x | 0.8x | 0.7x | 0.7x | 0.8x |
| Interest coverage | 21.1x | 12.7x | 6.3x | 8.5x | 7.4x |
| Returns and quality | |||||
| Return on capital | — | — | 66.1% | 60.8% | 55.3% |
| Piotroski F-score | 6 | 4 | 7 | 7 | 6 |
| Altman Z'' | −0.5 | −0.8 | −0.8 | −0.9 | −0.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$6.4M
5 insiders
Of sales under plans
75%
$4.8M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
HP · HPQ
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| HP HPQ | $31.1B | 3.2% | 5.7% | 5.1% | 55.3% | 12.9x | 6 |
| Supermicro SMCI | $24.5B | 77.8% | 7.1% | −17.9% | — | — | — |
| Hewlett Packard Enterprise HPE | $88.2B | 13.8% | −1.3% | 1.8% | −0.9% | 31.5x | 4 |
| Dell Technologies DELL | $327.3B | 18.8% | 7.2% | 7.5% | 36.0% | 29.2x | 7 |
| Sandisk SNDK | $202.3B | 175.3% | 61.2% | 56.8% | 105.9% | — | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $33.58 a share, the company is worth $31.1B: 12.9 times its earnings of the last four quarters.
HP grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 0 of 2.
Source: SEC EDGAR XBRL filings (CIK 0000047217). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.