— Know what they know.
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Not Investment Advice

HPE

NYSE · USD
Hewlett Packard Enterprise Company
Technology · Computer Hardware
CEO Antonio Fabio Neri Employees 67,000 R&D / revenue 7.3%
Last price
$55.13−5.97%last session
Market cap
$73.2B
P/E (TTM)
27.4x
From 52w high
−25.1%
From 52w low
+177.9%
1-year return
+146.4%
RSI 14 · vs SMA200
37.4 · +41.3%
IS score
55.5/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

HPE   SPY   XLK (sector ETF) · weekly closes
100150200250300Jan 26Apr 26Jul 26Oct 26HPE 246XLK 129SPY 116

Score DNA

Each bar is a 0-100 score within the scored universe
41
Profitability
76
Growth
52
Value
100
Momentum
30
Risk (safety)
74
Quality
59
Balance sheet
66
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ FCF yield 5%+
Warnings
▲ Altman distress zone▲ Share count rising
Observations
Moat model: Weak, Efficient ScalePiotroski 8 / 9Altman Z 1.4Beta 1.441 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
13 open-market sales, $42.5M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+331
413 new holders, 73 closed
1,448 filers hold 89.1% · 464 added, 414 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+301
1,405 funds adding shares
1,104 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
15.3%
20-day avg 50.3%, 50-day avg 48.5%
Latest 35.0 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$34.3B
Revenue growth YoY+14.1%
Gross margin28.8%
Operating income$1.6B
Operating margin4.8%
Net income$57.0M
Net margin0.2%
EPS (diluted)$-0.04
Cash flow
Operating cash flow$2.9B
Capital expenditure$2.3B
Free cash flow$627.0M
FCF conversion (FCF / OCF)21.5%
Stock-based compensation$643.0M
FCF less SBC−$16.0M
Buybacks$202.0M
Dividends$796.0M
Balance sheet & returns
Cash & short-term investments$5.8B
Total debt$22.4B
Net debt$16.6B
Shareholders' equity$24.8B
Goodwill & intangibles$30.1B
Debt / equity0.76
ROE (TTM)10.9%
ROIC (TTM)6.2%
Operating margin by fiscal year
7.9%FY20216.9%FY20228.3%FY20238.1%FY20244.8%FY2025
Revenue $27.9B (FY2021) to $34.3B (FY2025), a 5.3% CAGR.

Valuation

P/E (TTM)27.4x
EV / EBITDA13.9x
Price / sales1.75x
Price / FCF17.6x
FCF yield5.68%
Buyback yield0.28%
SBC / revenue1.9%
Price / book2.78x
Forward P/E FY202614.4x
Forward P/E FY202711.7x
Forward P/E FY202810.2x
Forward multiples divide today's price by Street EPS estimates. Street mean target $69.48 across 21 analysts last quarter is theirs, not ours.

HPE vs industry median

86 companies in Computer Hardware
Gross margin 36.0% 38.4% Operating margin 8.3% -0.1% Net margin 6.6% -3.2% ROIC 6.2% 1.1%
HPE (TTM)Industry median Asset turnover 0.50 vs industry 0.78 · financial leverage 3.15

Earnings delivery

Next report 2026-12-03 · consensus EPS $1.27
92%
beat rate, 11 of 12 quarters
+6.5%
median EPS surprise
6
longest beat streak
+7+4+6+8+6+5-1+10+6+7+11+19
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-08-29 to 2026-09-02. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
HPE Hewlett Packard Enterprise C $73.2B27.4x10.9%6.6%+14.1% +146.4%
WDC Western Digital Corporation $124.3B12.2x133.0%—−2.7% +163.9%
P Everpure, Inc. $41.3B163.2x17.7%6.3%+45.1% +102.7%
NTAP NetApp, Inc. $40.0B28.4x114.8%18.5%+12.2% +73.3%
STX Seagate Technology Holdings $145.3B43.9x371.5%35.7%+34.1% +182.7%
SNDK Sandisk Corporation $187.8B16.7x91.6%77.0%+965.1% —
HPQ HP Inc. $27.1B11.3x-493.7%4.2%+8.1% —
ANET Arista Networks, Inc. $223.2B55.1x31.5%40.0%+32.6% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

No 8-K filings on file.

Context

Shares outstanding1,327,460,000
Free float99.6%
Institutional ownership89.1%
Beta1.44
Dividend yield1.03%
Last dividend$0.14 on 2026-09-17
50 / 200-day average$59.32 / $38.89
Large-cap Technology median P/E34.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where HPE sits among 21 scored companies in Computer Hardware (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureHPEIndustry medianIndustry percentileSector median
P/E (TTM) 26.6x 25.2x
58th		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) 0.82 0.74
57th		 1.36
Price / sales 1.7x 5.4x
25th		 3.9x
Price / book 2.8x 5.2x
29th		 4.4x
Price / tangible book —
Price / free cash flow 17.6x 20.9x
45th		 20.3x
Price / operating cash flow 10.9x 18.6x
18th		 17.9x
Enterprise value $87.2B $13.3B
75th		 $5.5B
EV / sales 2.1x 5.3x
35th		 4.1x
EV / EBITDA 15.4x 14.0x
62nd		 18.9x
EV / EBIT 31.9x 17.4x
77th		 26.7x
EV / free cash flow 21.0x 22.3x
45th		 21.9x
Earnings yield 3.8% 2.2%
65th		 2.0%
FCF yield 5.7% 2.3%
75th		 3.3%
Operating cash flow yield 9.1% 2.4%
90th		 4.4%
Graham number (per share) $27.97 $34.53
30th		 $28.08

Profitability (TTM)

MeasureHPEIndustry medianIndustry percentileSector median
Gross margin 36.0% 37.8%
40th		 55.7%
EBITDA margin 13.5% 9.0%
63rd		 13.7%
Operating margin 8.3% 5.6%
60th		 8.2%
EBIT margin 6.5% 6.4%
53rd		 8.6%
Net margin 6.6% 5.7%
60th		 5.7%
NOPAT margin 8.6% 4.9%
65th		 7.0%
FCF margin 9.9% 5.7%
65th		 15.0%
Operating cash flow margin 16.0% 7.9%
65th		 18.4%
R&D / revenue 8.8% 9.8%
40th		 12.9%
SG&A / revenue 17.0% 30.5%
35th		 25.6%
Stock comp / revenue 1.9% 1.9%
50th		 4.4%
Effective tax rate -4.6% 19.9%
0th		 21.0%

Returns on capital

MeasureHPEIndustry medianIndustry percentileSector median
ROE (on average equity) 10.8% 14.3%
47th		 9.4%
ROA 3.4% 5.5%
45th		 4.1%
ROIC 8.9% 14.1%
45th		 9.0%
ROCE 5.1% 13.1%
35th		 8.6%
Return on tangible assets 3.4% 7.5%
35th		 5.9%
Cash ROIC (OCF / invested capital) 16.5% 30.8%
42nd		 20.7%
Gross profitability (GP / assets) 18.0% 25.6%
30th		 30.0%
ROIC, 3-yr average 6.0% 30.7%
30th		 7.4%
ROIC, 5-yr average 6.7% 1.8%
64th		 7.9%
ROE, 5-yr average 9.4% -3.9%
57th		 6.9%
Incremental ROIC -178.6% 11.4%
25th		 15.3%

Growth

MeasureHPEIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 26.6% 26.6%
50th		 14.3%
Revenue growth (QoQ) 14.4% 12.1%
70th		 6.6%
Revenue CAGR, 3 yr 12.4% 5.1%
58th		 9.6%
Revenue CAGR, 5 yr 8.5% 3.6%
59th		 11.5%
Gross profit CAGR, 3 yr 15.4% 11.0%
56th		 10.9%
Operating income CAGR, 3 yr 12.3% 27.4%
12th		 11.3%
Net income growth (TTM YoY) 120.6% 112.7%
70th		 21.6%
Net income CAGR, 3 yr 36.6% 34.0%
71st		 9.9%
EPS growth (TTM YoY) 116.3% 90.5%
70th		 22.3%
EPS CAGR, 3 yr 32.3% 32.6%
43rd		 11.2%
EPS CAGR, 5 yr 19.8% 19.8%
60th		 12.0%
FCF growth (TTM YoY) 121.5% 36.5%
80th		 24.6%
FCF CAGR, 3 yr 41.5% 15.5%
75th		 19.3%
Operating cash flow CAGR, 3 yr 13.1% 13.1%
50th		 17.9%
Book value CAGR, 3 yr 5.3% 20.5%
43rd		 6.8%
Dividend CAGR, 3 yr 0.5% 4.5%
14th		 3.1%
Sustainable growth rate 7.5% 24.8%
20th		 14.2%

Margin history & stability

MeasureHPEIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 32.5% 36.2%
39th		 53.2%
Operating margin, 3-yr average 7.3% 6.2%
61st		 6.6%
Net margin, 3-yr average 5.6% 4.8%
61st		 5.2%
FCF margin, 3-yr average 8.3% 4.6%
67th		 12.7%
Revenue stability (0-1) 0.67 0.46
74th		 0.87
Earnings stability (0-1) 0.01 0.38
0th		 0.45
Margin stability (0-1) 0.92 0.85
74th		 0.95

Liquidity (latest quarter)

MeasureHPEIndustry medianIndustry percentileSector median
Cash & short-term investments $6.2B $1.6B
85th		 $494.1M
Net cash (− = net debt) −$14.0B $386.0M
5th		 $49.8M
Working capital $3.4B $969.7M
85th		 $391.0M
Current ratio 1.11 2.31
15th		 1.92
Quick ratio 0.72 1.95
10th		 1.67
Cash ratio (cash + ST investments / current liabilities) 0.20 1.05
10th		 0.95
Defensive interval (days) 510 days 730 days
35th		 521 days

Leverage & solvency (latest quarter)

MeasureHPEIndustry medianIndustry percentileSector median
Total debt $20.2B $109.2M
95th		 $349.3M
Debt / equity 0.76 0.03
88th		 0.29
Net debt / equity 0.53 −0.50
94th		 −0.13
Debt / assets 24.2% 4.3%
85th		 16.9%
Debt / capital 43.3% 3.2%
88th		 22.3%
Debt / EBITDA 3.57 0.72
100th		 1.78
Net debt / EBITDA 2.48 −0.41
100th		 −0.18
Interest coverage (EBIT / interest) 23.2x 14.0x
71st		 5.8x
Cash interest coverage 56.7x 12.9x
79th		 12.8x
Debt payback (years of OCF) 3.0 yrs 0.8 yrs
100th		 1.6 yrs
Liabilities / assets 68.3% 45.3%
70th		 48.7%
IS credit model rating BB+ — —
Implied credit spread (bps) 400 150
80th		 175

Efficiency

MeasureHPEIndustry medianIndustry percentileSector median
Asset turnover 0.52 0.92
30th		 0.62
Fixed asset turnover 7.42 7.42
50th		 9.25
Inventory turnover 2.8 4.0
39th		 3.8
Receivables turnover 7.1 7.1
50th		 6.2
Days sales outstanding 52 days 52 days
50th		 59 days
Days inventory outstanding 129 days 92 days
61st		 94 days
Days payables outstanding 195 days 80 days
85th		 46 days
Cash conversion cycle (days) −14 days 53 days
20th		 50 days
Capex / revenue 6.1% 3.2%
70th		 2.3%
Capex / depreciation 0.87 1.11
40th		 0.56
Operating expense ratio 28.7% 33.0%
40th		 44.3%

Cash flow & earnings quality

MeasureHPEIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.43 1.34
92nd		 1.61
FCF / net income 1.51 1.16
75th		 1.33
FCF / operating cash flow 62.1% 85.9%
9th		 88.0%
Capex / operating cash flow 37.9% 14.1%
91st		 12.0%
Accruals ratio -4.9% -5.4%
60th		 -6.3%
Sloan accruals ratio 2.3% 2.9%
40th		 -1.8%
Earnings quality score (0-1) 1.00 0.75
67th		 0.75

Dividends & buybacks

MeasureHPEIndustry medianIndustry percentileSector median
Dividend yield 1.0% 0.0%
85th		 0.0%
Dividend per share (TTM) $0.57 $0.00
75th		 $0.00
Payout ratio (dividends / net income) 31.1% 13.8%
83rd		 0.0%
Dividends / FCF 20.6% 18.7%
64th		 0.0%
Dividend growth (YoY) 9.6% 10.2%
43rd		 4.1%
Buyback yield 0.7% 0.3%
60th		 1.2%
Shareholder yield (dividends + buybacks) 1.9% 0.4%
65th		 1.7%
Share count change (YoY) 2.0% 4.3%
30th		 0.1%
Buybacks, last 5 years $1.6B $139.8M
60th		 $215.3M

Scores & forensic checks

MeasureHPEIndustry medianIndustry percentileSector median
IS score 55 55
55th		 56
IS profitability 41 31
55th		 40
IS growth 76 65
65th		 65
IS value 52 45
80th		 39
IS momentum 100 80
95th		 78
IS risk (safety) 30 100
15th		 100
IS quality 74 63
65th		 67
IS balance sheet 59 81
25th		 72
IS earnings quality 66 61
60th		 61
IS cash flow 64 54
60th		 66
Piotroski F-score (0-9) 8 6
75th		 6
Altman Z-score 1.4 5.0
15th		 4.0
Beneish M-score −2.27 −2.37
63rd		 −2.58
Ohlson O-score −7.92 −7.92
50th		 −8.00
IS credit score 46 74
15th		 69

Per share

MeasureHPEIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $1.90 $0.73
55th		 $0.84
Book value per share $18.30 $7.08
85th		 $9.77
Tangible book per share −$2.20 $1.76
15th		 $3.22
Revenue per share $28.91 $13.29
60th		 $13.00
FCF per share $2.87 $0.70
60th		 $1.78
Operating cash flow per share $4.62 $0.97
65th		 $2.40
Cash per share $4.29 $4.25
55th		 $4.50

Size (TTM)

MeasureHPEIndustry medianIndustry percentileSector median
Market cap $73.2B $15.0B
75th		 $4.7B
Revenue $41.9B $4.3B
90th		 $1.2B
EBITDA $5.7B $986.1M
85th		 $185.8M
Net income $2.8B $253.3M
75th		 $84.9M
Free cash flow $4.2B $128.2M
85th		 $170.6M
Total assets $83.6B $5.2B
95th		 $2.4B
Shareholders' equity $26.5B $1.5B
100th		 $1.1B
Employees 67,000 5,115
95th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-05Neri Antonio F
Director, President and CEO
 Open-market sale 56,696$68.31$3.9M1,375,697
2026-10-05Neri Antonio F
Director, President and CEO
 Open-market sale 193,304$68.31$13.2M1,182,393
2026-09-30Hsu Christopher P
Director
 Award / grant 509$63.89$32,520749
2026-09-30Reiner Gary M
Director
 Award / grant 587$63.89$37,503587
2026-09-30Russo Patricia F
Director
 Award / grant 616$63.89$39,356368,831
2026-09-30Lane Raymond J.
Director
 Award / grant 509$63.89$32,520990,793
2026-09-29Rahim Rami
EVP, Pres GM Networking
 Open-market sale 27,877$61.42$1.7M881,712
2026-09-29Rahim Rami
EVP, Pres GM Networking
 Open-market sale 6,579$61.42$404,082875,133
2026-09-14Reiner Gary M
Director
 Open-market sale 17,000$56.91$967,42965,072
2026-09-11Neri Antonio F
Director, President and CEO
 Open-market sale 250,000$60.44$15.1M1,432,393
2026-07-24Goulden David I
Director
 Award / grant 3,495——3,495
2026-07-22Karros Kirt P
SVP, Treasurer, Corp Dev
 Open-market sale 23,675$47.02$1.1M0

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired40142,162$262,073
GiftDisposed32,249,986—
GiftAcquired22,248,286—
Open-market saleDisposed13755,233$42.5M
Option exerciseAcquired71,193,939$49.1M
Option exerciseDisposed4515,937—
Tax withholdingDisposed7585,393$24.1M
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
None on file.
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 4 trades (2 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2025-10-31Lisa C. McClainHouseSale (Full)$1,001 - $15,0002025-11-24
2025-10-30Lisa C. McClainHouseSale (Full)$1,001 - $15,0002025-11-24
2025-10-30Lisa C. McClainHousePurchase$1,001 - $15,0002025-11-24
2025-10-29Lisa C. McClainHousePurchase$1,001 - $15,0002025-11-24
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.134,059,655$6.0B10.10%
VANGUARD CAPITAL MANAGEMENT LLC86,665,707$3.9B6.53%
VANGUARD PORTFOLIO MANAGEMENT LLC72,677,094$3.3B5.47%
STATE STREET CORP68,095,481$3.1B5.13%
Capital World Investors59,597,678$2.7B4.49%
BANK OF AMERICA CORP /DE/39,500,289$1.8B2.98%
GEODE CAPITAL MANAGEMENT, LLC36,610,129$1.6B2.76%
JPMORGAN CHASE & CO36,386,766$1.6B2.74%
Elliott Investment Management L.P.32,271,985$1.5B2.43%
GOLDMAN SACHS GROUP INC24,612,791$1.1B1.85%
BARROW HANLEY MEWHINNEY & STRAUSS LLC22,769,642$1.0B1.72%
AMERIPRISE FINANCIAL INC21,023,849$948.4M1.58%
PRIMECAP MANAGEMENT CO/CA/17,140,875$773.2M1.29%
DIMENSIONAL FUND ADVISORS LP16,531,624$745.7M1.25%
MORGAN STANLEY13,644,925$615.5M1.03%

Institutional ownership by quarter

2023-092026-0689.1%
% of shares held by 13F filers
2023-092026-061,448
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,44889.1%41346441473
2026-03-311,11789.8%141432340116
2025-12-311,11490.8%164399342133
2025-09-301,10986.5%18839232289
2025-06-301,02884.7%132361343113
2025-03-311,02386.6%114372344154
2024-12-311,08181.2%18141330782
2024-09-301,00480.8%13440029791
2024-06-3097478.5%16336227371
2024-03-3189779.9%10031930087
2023-12-3189578.6%13130129673
2023-09-3084878.8%8031526363

Schedule 13D / 13G filers

FiledFormFiler% of classShares
None on file.
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.11%$2.6B
VTI0.11%$2.6B
VTSAX0.11%$2.6B
VSMPX0.11%$2.6B
VFFSX0.13%$2.2B
VOO0.13%$2.2B

Share structure

Shares outstanding1,327,460,000
Float1,321,690,307
Free float99.6%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$27.9B$28.1B$29.1B$30.1B$34.3B
Cost of revenue$18.8B$19.3B$19.2B$20.5B$24.4B
Gross profit$9.1B$8.8B$9.9B$9.6B$9.9B
R&D$2.0B$2.0B$2.3B$2.2B$2.5B
SG&A$4.9B$4.9B$5.2B$4.9B$5.7B
Operating income$2.2B$1.8B$2.4B$2.4B$1.6B
EBITDA$6.3B$4.4B$4.8B$5.6B$2.6B
Pretax income$3.6B$876.0M$2.2B$3.0B−$285.0M
Income tax$160.0M$8.0M$205.0M$374.0M−$342.0M
Net income$3.4B$868.0M$2.0B$2.6B$57.0M
EPS, diluted$2.58$0.66$1.54$1.93$-0.04
Diluted shares1.3B1.3B1.3B1.3B1.3B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$4.0B$4.2B$4.3B$14.8B$5.8B
Receivables$7.9B$7.6B$7.0B$7.4B$9.1B
Inventory$4.5B$5.2B$4.6B$7.8B$6.4B
Total current assets$18.9B$20.5B$18.9B$33.5B$25.0B
PP&E, net$6.5B$6.6B$7.0B$7.1B$6.0B
Goodwill & intangibles$19.3B$18.1B$18.6B$18.6B$30.1B
Total assets$57.7B$57.1B$57.2B$71.3B$75.9B
Accounts payable$7.0B$8.7B$7.1B$11.1B$7.7B
Total current liabilities$20.7B$23.2B$21.9B$26.0B$24.6B
Long-term debt$9.9B$7.9B$7.5B$13.5B$17.8B
Total liabilities$37.7B$37.2B$35.9B$46.4B$51.2B
Shareholders' equity$20.0B$19.9B$21.2B$24.9B$24.8B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$3.4B$868.0M$2.0B$2.6B$57.0M
Depreciation & amortization$2.6B$2.5B$2.6B$2.6B$2.7B
Stock-based compensation$382.0M$391.0M$428.0M$430.0M$643.0M
Change in working capital−$1.4B−$570.0M−$1.0B−$688.0M−$2.7B
Operating cash flow$5.9B$4.6B$4.4B$4.3B$2.9B
Capital expenditure−$2.5B−$3.1B−$2.8B−$2.4B−$2.3B
Free cash flow$3.4B$1.5B$1.6B$2.0B$627.0M
Investing cash flow−$2.8B−$2.1B−$3.3B−$53.0M−$13.2B
Net debt issued / repaid−$2.5B−$596.0M−$209.0M$5.7B$2.3B
Buybacks−$213.0M−$512.0M−$421.0M−$150.0M−$202.0M
Dividends paid−$625.0M−$621.0M−$619.0M−$676.0M−$796.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin32.7%31.8%34.1%31.8%28.8%
Operating margin7.9%6.9%8.3%8.1%4.8%
Net margin12.3%3.1%7.0%8.6%0.2%
FCF margin12.1%5.2%5.5%6.6%6.6%
ROE19.0%4.4%9.9%11.2%0.2%
ROIC6.9%6.6%7.2%7.1%3.1%
ROA6.1%1.5%3.5%4.0%0.1%
Debt / equity0.730.680.640.800.91
Interest coverage13.6x1.8x—16.2xn/m
Current ratio0.910.880.871.291.01
Revenue growth+3.4%+0.9%+3.6%+3.3%+14.1%
EPS growth+1,126.0%−73.9%+129.9%+25.3%−97.8%
P/E at year end5.0x19.4x9.4x9.8x564.0x
EV / EBITDA at year end4.3x5.9x5.4x5.3x18.6x
FCF yield at year end19.49%8.72%8.41%7.83%7.09%
Dividend payout18.2%71.5%30.6%26.2%1,396.5%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Server Segment———$15.9B$17.7B
Compute Segment$12.3B$12.7B$11.1B——
Networking————$6.8B
Hybrid Cloud———$5.2B$5.8B
Intelligent Edge$3.3B$3.7B$5.2B$4.5B—
Storage Segment$4.8B$4.7B$4.3B——
High Performance Compute and Mission Critical Systems Segment$3.2B$3.2B$3.8B——
Financial Services$3.4B$3.3B$3.5B$3.5B$3.5B
Corporate Investments$1.4B$1.3B$1.2B$1.0B$776.0M
Intersegment Eliminations−$503.0M−$417.0M——−$333.0M

Revenue by region · FY2025

Americas$15.8B · 33%
UNITED STATES$13.4B · 28%
EMEA$11.5B · 24%
Asia Pacific and Japan$6.9B · 15%

Street estimates by fiscal year

Next report 2026-12-03 · consensus EPS $1.27 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$46.6B$46.2B – $47.0B$3.82$3.73 – $3.931214.4x
2027$54.7B$53.3B – $56.9B$4.70$4.45 – $5.301211.7x
2028$59.2B$53.7B – $63.0B$5.40$4.50 – $7.19610.2x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-09-02$0.93$1.11+19.1%$12.0B$12.2B+1.9%
2026-03-09$0.59$0.65+10.7%$9.3B$9.3B−0.5%
2025-12-04$0.58$0.62+7.1%$9.9B$9.7B−2.1%
2025-09-03$0.42$0.44+5.5%$8.8B$9.1B+3.3%
2025-06-03$0.35$0.38+9.7%$7.5B$7.6B+1.9%
2025-03-06$0.50$0.49−1.4%$7.8B$7.9B+0.5%
2024-12-05$0.55$0.58+5.5%$8.3B$8.5B+2.5%
2024-09-04$0.47$0.50+6.4%$7.7B$7.7B+0.5%
2024-06-04$0.39$0.42+7.7%$6.8B$7.2B+5.2%
2024-02-29$0.45$0.48+5.5%$7.0B$6.7B−3.9%
2023-11-28$0.50$0.52+4.0%$7.3B$7.4B+1.0%
2023-08-29$0.46$0.49+6.5%$7.0B$7.0B+0.2%
2023-05-30$0.47$0.52+10.6%$7.3B$7.0B−4.6%
2023-03-02$0.52$0.63+21.2%$7.4B$7.8B+4.9%
2022-11-29$0.57$0.570.0%$7.4B$7.9B+6.8%
2022-08-30$0.48$0.480.0%$6.9B$7.0B+0.3%
2022-06-01$0.45$0.44−2.2%$6.8B$6.7B−1.3%
2022-03-01$0.46$0.53+15.2%$7.0B$7.0B−0.8%
2021-11-30$0.49$0.52+6.1%$7.0B$7.4B+4.5%
2021-09-02$0.42$0.47+11.9%$5.8B$6.9B+19.7%
2021-06-01$0.42$0.46+9.5%$6.6B$6.7B+1.4%
2021-03-02$0.40$0.52+30.0%$6.7B$6.8B+1.9%
2020-12-01$0.34$0.37+8.8%$6.6B$7.2B+9.7%
2020-08-25$0.25$0.32+28.0%$4.9B$6.8B+39.1%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
1.306-151.106-220.606-291.007-060.907-130.607-200.907-270.908-031.208-100.808-170.708-241.908-31
Week ofNotionalSharesTrades
2026-08-31$1.9B37,435,020352,036
2026-08-24$683.3M12,715,088174,578
2026-08-17$759.3M13,880,845187,017
2026-08-10$1.2B19,929,069230,630
2026-08-03$877.3M16,932,801217,019
2026-07-27$885.3M19,184,786214,263

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1515.3%
DateShort shareShort volumeTotal volume
2026-10-1515.3%2,152,28614,046,892
2026-10-1435.8%3,772,50010,539,817
2026-10-1342.6%4,050,1969,511,478
2026-10-1244.4%3,743,2548,429,508
2026-10-0962.2%4,127,4156,631,272
2026-10-0855.3%3,859,4106,979,844
2026-10-0767.5%7,091,84910,499,413
2026-10-0659.2%4,077,8966,888,349
2026-10-0559.4%3,645,8876,136,523
2026-10-0261.5%8,357,00213,585,847
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-1.0Jan+0.5Feb+1.7Mar-1.7Apr+0.5May+3.0Jun+3.0Jul+2.1Aug+1.6Sep-1.8Oct+4.0Nov+1.0Dec
MonthAvg returnUp yearsYears
Jan−1.0%45%11
Feb+0.5%36%11
Mar+1.7%55%11
Apr−1.7%40%10
May+0.5%60%10
Jun+3.0%60%10
Jul+3.0%70%10
Aug+2.1%60%10
Sep+1.6%60%10
Oct−1.8%27%11
Nov+4.0%64%11
Dec+1.0%55%11
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1437.4
MFI39.4
ADX27.0
Stochastic %K / %D10.9 / 31.6
Williams %R-97.8
CCI-158
TSI / signal9.1 / 22.0
Chaikin money flow-0.12
ATR$3.95
Bollinger width29.4%
Volume vs 20-day avg1.48x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$65.24 (−15.5%)
SMA 50$59.34 (−7.1%)
SMA 200$39.02 (+41.3%)
EMA 21$63.87 (−13.7%)
EMA 50$59.60 (−7.5%)
EMA 200$43.81 (+25.8%)
Bollinger upper$74.84 (−26.3%)
Bollinger lower$55.65 (−0.9%)
Parabolic SAR$72.02 (−23.5%)
Open the live chart, 110+ indicators

About Hewlett Packard Enterprise Company

Hewlett Packard Enterprise (HPE) is a global technology firm that provides comprehensive solutions, empowering clients across the Americas, Europe, the Middle East, Africa, Asia Pacific, and Japan to efficiently capture, analyze, and utilize their data. The company's diverse product range features adaptable servers for various computing demands, including general-purpose, workload-optimized, and specific lines like HPE ProLiant rack and tower servers, HPE BladeSystem, and HPE Synergy. HPE also offers a full suite of storage solutions, from traditional tape and storage networking to advanced disk products such as HPE Modular Storage Arrays and HPE XP. Additionally, its portfolio includes specialized high-performance computing (HPC) offerings like HPE Apollo and Cray, alongside critical infrastructure platforms such as HPE Superdome Flex, HPE Nonstop, HPE Integrity, and HPE Edgeline. Through its HPE Aruba division, HPE delivers extensive networking capabilities, encompassing wired and wireless local area network (LAN) hardware—including Wi-Fi access points, switches, routers, and sensors—and a range of software and services for cloud management, network access control, analytics, and location services. HPE further provides professional and support services, along with flexible as-a-service and consumption models for its intelligent edge products. To streamline technology acquisition and deployment, HPE offers various financial services, including leasing, financing, IT consumption programs, and asset management. These services enable customers to procure complete IT solutions, spanning hardware, software, and services, from both HPE and other providers. The company strategically invests in communications and media solutions and has a key partnership with Striim, Inc., to deliver high-performance, mission-critical solutions with real-time analytics. HPE serves a broad clientele, including commercial and large enterprise groups in both the business and public sectors, reaching them through an extensive network of partners such as resellers, distributors, original equipment manufacturers (OEMs), independent software vendors (ISVs), system integrators (SIs), and advisory firms. Established in 1939, Hewlett Packard Enterprise Company is headquartered in Houston, Texas.

https://www.hpe.com

Key executives

NameTitlePayBorn
Antonio Fabio NeriChief Executive Officer, President & Director$3.8M1967
Rami RahimExecutive VP, President & GM of Networking$2.7M1971
Marie E. MyersExecutive Vice President & Chief Financial Officer$2.6M1968
John F. SchultzExecutive Vice President and Chief Operating & Legal Officer$2.0M1964
Philip J. MottramExecutive Vice President & Chief Sales Officer$2.0M1969
Fidelma RussoExecutive VP, President, GM of Hybrid Cloud & CTO$1.7M1963
Jeremy K. CoxSenior Vice President, Corporate Controller, Chief Tax Officer & Principal Accounting Officer$1.1M1978
Kirt Paul KarrosSenior VP, Treasurer & Head of Corporate Development—1969

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Antonio F. Neri President and Chief Executive Officer2025$1.4M$19.6M$2.4M$23.5M
Rami Rahim Executive Vice President, President and General Manager of Networking2025$334,430$14.5M$1.7M$16.5M
Marie E. Myers Executive Vice President, Chief Financial Officer2025$850,000$9.2M$1.2M$11.8M
John F. Schultz Executive Vice President, Chief Operating and Legal Officer2025$800,000$8.3M$1.2M$10.3M
Fidelma M. Russo Executive Vice President, General Manager of Hybrid Cloud and Chief Technology Officer2025$750,000$6.8M$864,525$8.4M

Employees

60k201862k201959k202060k202160k202262k202361k202467k2025

Dividends

Ex-dateAmountPaid
2026-09-17$0.14252026-10-16
2026-06-16$0.14252026-07-15
2026-03-24$0.14252026-04-23
2025-12-19$0.14252026-01-16
2025-09-18$0.132025-10-17
2025-06-18$0.132025-07-17
2025-03-21$0.132025-04-18
2024-12-20$0.132025-01-16

Moat model

Weak · Efficient Scale · 2026-07-31
Cost advantage27
Intangibles69
Switching costs36
Network effect70
Efficient scale80
Our component scores (0-100) and overall 54.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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