— Know what they know.
/
Not Investment Advice

HPQ

NYSE · USD
HP Inc.
Technology · Computer Hardware
CEO Bruce Dale Broussard Employees 55,000 R&D / revenue 2.9%
Last price
$30.01−2.72%last session
Market cap
$27.1B
P/E (TTM)
11.3x
From 52w high
−17.2%
From 52w low
+70.9%
1-year return
+16.0%
RSI 14 · vs SMA200
43.3 · +27.1%
IS score
43.0/ 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

HPQ   SPY   XLK (sector ETF) · weekly closes
80100120140Jan 26Apr 26Jul 26Oct 26XLK 129HPQ 116SPY 116

Score DNA

Each bar is a 0-100 score within the scored universe
18
Profitability
51
Growth
68
Value
71
Momentum
30
Risk (safety)
59
Quality
43
Balance sheet
71
Earnings quality

Flags

Strengths
✓ FCF yield 5%+
Warnings
▲ Altman distress zone
Observations
Moat model: None, Efficient ScalePiotroski 7 / 9Altman Z 1.6Beta 1.212 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
6 open-market sales, $2.8M
Form 144 notices (12m): 12, $7.2M proposed, not confirmed sales
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
+56
154 new holders, 87 closed
1,084 filers hold 92.0% · 427 added, 331 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+123
1,066 funds adding shares
943 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
63.7%
20-day avg 61.2%, 50-day avg 64.4%
Latest 2.5 pp over 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$55.3B
Revenue growth YoY+3.2%
Gross margin20.0%
Operating income$3.6B
Operating margin6.6%
Net income$2.5B
Net margin4.6%
EPS (diluted)$2.65
Cash flow
Operating cash flow$3.7B
Capital expenditure$897.0M
Free cash flow$2.8B
FCF conversion (FCF / OCF)75.7%
Stock-based compensation$522.0M
FCF less SBC$2.3B
Buybacks$850.0M
Dividends$1.1B
Balance sheet & returns
Cash & short-term investments$3.7B
Total debt$9.7B
Net debt$6.0B
Shareholders' equity−$346.0M
Goodwill & intangibles$9.7B
Debt / equity-112.38
ROE (TTM)-727.3%
ROIC (TTM)21.8%
Operating margin by fiscal year
8.4%FY20217.4%FY20226.4%FY20237.1%FY20246.0%FY2025
Revenue $63.5B (FY2021) to $55.3B (FY2025), a -3.4% CAGR.

Valuation

P/E (TTM)11.3x
EV / EBITDA8.0x
Price / sales0.46x
Price / FCF7.0x
FCF yield14.34%
Buyback yield3.14%
SBC / revenue0.8%
Price / bookn/m
Forward P/E FY20269.2x
Forward P/E FY20279.4x
Forward P/E FY20288.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $29.60 across 5 analysts last quarter is theirs, not ours.

HPQ vs industry median

86 companies in Computer Hardware
Gross margin 19.8% 38.4% Operating margin 5.6% -0.1% Net margin 4.1% -3.2% ROIC 21.8% 1.1%
HPQ (TTM)Industry median Asset turnover 1.29 vs industry 0.78 · financial leverage -496.75

Earnings delivery

Next report 2026-11-24 · consensus EPS $0.75
50%
beat rate, 6 of 12 quarters
+0.3%
median EPS surprise
5
longest beat streak
+0+0+1-3+0-1-8+1+1+6+21+25
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-21 to 2026-08-26. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
HPQ HP Inc. $27.1B11.3x-727.3%4.1%+3.2% +16.0%
SMCI Super Micro Computer, Inc. $20.8B8.7x21.5%10.6%+77.8% −41.3%
NTAP NetApp, Inc. $40.0B28.4x114.8%18.5%+12.2% +73.3%
P Everpure, Inc. $41.3B163.2x17.7%6.3%+45.1% +102.7%
LOGI Logitech International S.A. $15.0B19.1x35.2%19.2%+6.6% −3.9%
IONQ IonQ, Inc. $12.7Bn/m-63.0%—+370.6% —
HPE Hewlett Packard Enterprise C $73.2B27.4x10.8%12.6%+26.6% —
WDC Western Digital Corporation $124.3B12.2x133.0%—−2.7% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-09-21Regulation FD; Exhibits
2026-08-26Earnings Release; Exhibits
2026-06-26Bylaws Amendment; Exhibits
2026-05-27Earnings Release; Exhibits
2026-04-21Officer/Director Change; Shareholder Vote; Exhibits
2026-02-24Results of Operations and Financial Condition; Financial Statements and Exhibits

Context

Shares outstanding901,791,000
Free float99.7%
Institutional ownership92.0%
Beta1.21
Dividend yield4.00%
Last dividend$0.30 on 2026-09-09
50 / 200-day average$31.23 / $23.97
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 (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where HPQ 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

MeasureHPQIndustry medianIndustry percentileSector median
P/E (TTM) 11.0x 25.2x
8th		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) 2.20 0.74
86th		 1.36
Price / sales 0.5x 5.4x
0th		 3.9x
Price / book —
Price / tangible book —
Price / free cash flow 7.0x 20.9x
0th		 20.3x
Price / operating cash flow 5.8x 18.6x
0th		 17.9x
Enterprise value $33.2B $13.3B
60th		 $5.5B
EV / sales 0.6x 5.3x
0th		 4.1x
EV / EBITDA 8.0x 14.0x
23rd		 18.9x
EV / EBIT 10.3x 17.4x
23rd		 26.7x
EV / free cash flow 8.6x 22.3x
9th		 21.9x
Earnings yield 9.1% 2.2%
95th		 2.0%
FCF yield 14.3% 2.3%
100th		 3.3%
Operating cash flow yield 17.2% 2.4%
100th		 4.4%
Graham number (per share) —

Profitability (TTM)

MeasureHPQIndustry medianIndustry percentileSector median
Gross margin 19.8% 37.8%
20th		 55.7%
EBITDA margin 7.0% 9.0%
42nd		 13.7%
Operating margin 5.6% 5.6%
50th		 8.2%
EBIT margin 5.4% 6.4%
42nd		 8.6%
Net margin 4.1% 5.7%
45th		 5.7%
NOPAT margin 4.9% 4.9%
50th		 7.0%
FCF margin 6.6% 5.7%
60th		 15.0%
Operating cash flow margin 7.9% 7.9%
50th		 18.4%
R&D / revenue 2.7% 9.8%
10th		 12.9%
SG&A / revenue 10.1% 30.5%
30th		 25.6%
Stock comp / revenue 0.8% 1.9%
15th		 4.4%
Effective tax rate 12.3% 19.9%
25th		 21.0%

Returns on capital

MeasureHPQIndustry medianIndustry percentileSector median
ROE (on average equity) —
ROA 5.7% 5.5%
55th		 4.1%
ROIC 48.2% 14.1%
60th		 9.0%
ROCE 27.4% 13.1%
60th		 8.6%
Return on tangible assets 7.5% 7.5%
50th		 5.9%
Cash ROIC (OCF / invested capital) 76.8% 30.8%
68th		 20.7%
Gross profitability (GP / assets) 25.6% 25.6%
50th		 30.0%
ROIC, 3-yr average 59.7% 30.7%
70th		 7.4%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC 164.3% 11.4%
85th		 15.3%

Growth

MeasureHPQIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 8.1% 26.6%
35th		 14.3%
Revenue growth (QoQ) 8.8% 12.1%
45th		 6.6%
Revenue CAGR, 3 yr 2.6% 5.1%
42nd		 9.6%
Revenue CAGR, 5 yr -1.0% 3.6%
29th		 11.5%
Gross profit CAGR, 3 yr 1.3% 11.0%
19th		 10.9%
Operating income CAGR, 3 yr 1.3% 27.4%
0th		 11.3%
Net income growth (TTM YoY) -7.2% 112.7%
0th		 21.6%
Net income CAGR, 3 yr 2.3% 34.0%
0th		 9.9%
EPS growth (TTM YoY) -4.5% 90.5%
0th		 22.3%
EPS CAGR, 3 yr 5.0% 32.6%
0th		 11.2%
EPS CAGR, 5 yr -4.9% 19.8%
10th		 12.0%
FCF growth (TTM YoY) 36.5% 36.5%
50th		 24.6%
FCF CAGR, 3 yr 10.2% 15.5%
25th		 19.3%
Operating cash flow CAGR, 3 yr 10.1% 13.1%
38th		 17.9%
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr 3.1% 4.5%
43rd		 3.1%
Sustainable growth rate —

Margin history & stability

MeasureHPQIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 20.9% 36.2%
6th		 53.2%
Operating margin, 3-yr average 6.2% 6.2%
50th		 6.6%
Net margin, 3-yr average 4.8% 4.8%
50th		 5.2%
FCF margin, 3-yr average 6.1% 4.6%
61st		 12.7%
Revenue stability (0-1) 0.15 0.46
21st		 0.87
Earnings stability (0-1) 0.41 0.38
58th		 0.45
Margin stability (0-1) 0.96 0.85
84th		 0.95

Liquidity (latest quarter)

MeasureHPQIndustry medianIndustry percentileSector median
Cash & short-term investments $4.2B $1.6B
75th		 $494.1M
Net cash (− = net debt) −$6.2B $386.0M
10th		 $49.8M
Working capital −$7.2B $969.7M
0th		 $391.0M
Current ratio 0.79 2.31
0th		 1.92
Quick ratio 0.48 1.95
0th		 1.67
Cash ratio (cash + ST investments / current liabilities) 0.12 1.05
0th		 0.95
Defensive interval (days) 652 days 730 days
40th		 521 days

Leverage & solvency (latest quarter)

MeasureHPQIndustry medianIndustry percentileSector median
Total debt $10.3B $109.2M
90th		 $349.3M
Debt / equity —
Net debt / equity —
Debt / assets 22.6% 4.3%
75th		 16.9%
Debt / capital —
Debt / EBITDA 2.49 0.72
85th		 1.78
Net debt / EBITDA 1.49 −0.41
92nd		 −0.18
Interest coverage (EBIT / interest) 7.6x 14.0x
36th		 5.8x
Cash interest coverage 11.0x 12.9x
43rd		 12.8x
Debt payback (years of OCF) 2.2 yrs 0.8 yrs
82nd		 1.6 yrs
Liabilities / assets 100.2% 45.3%
90th		 48.7%
IS credit model rating BB+ — —
Implied credit spread (bps) 400 150
80th		 175

Efficiency

MeasureHPQIndustry medianIndustry percentileSector median
Asset turnover 1.38 0.92
85th		 0.62
Fixed asset turnover 14.10 7.42
65th		 9.25
Inventory turnover 5.1 4.0
67th		 3.8
Receivables turnover 9.6 7.1
95th		 6.2
Days sales outstanding 38 days 52 days
5th		 59 days
Days inventory outstanding 72 days 92 days
33rd		 94 days
Days payables outstanding 148 days 80 days
80th		 46 days
Cash conversion cycle (days) −38 days 53 days
10th		 50 days
Capex / revenue 1.3% 3.2%
25th		 2.3%
Capex / depreciation 0.85 1.11
35th		 0.56
Operating expense ratio 13.1% 33.0%
25th		 44.3%

Cash flow & earnings quality

MeasureHPQIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.90 1.34
75th		 1.61
FCF / net income 1.58 1.16
83rd		 1.33
FCF / operating cash flow 83.1% 85.9%
36th		 88.0%
Capex / operating cash flow 16.9% 14.1%
64th		 12.0%
Accruals ratio -5.2% -5.4%
55th		 -6.3%
Sloan accruals ratio -2.0% 2.9%
20th		 -1.8%
Earnings quality score (0-1) 0.75 0.75
17th		 0.75

Dividends & buybacks

MeasureHPQIndustry medianIndustry percentileSector median
Dividend yield 4.0% 0.0%
100th		 0.0%
Dividend per share (TTM) $1.20 $0.00
80th		 $0.00
Payout ratio (dividends / net income) 44.7% 13.8%
92nd		 0.0%
Dividends / FCF 28.2% 18.7%
91st		 0.0%
Dividend growth (YoY) 4.2% 10.2%
29th		 4.1%
Buyback yield 4.5% 0.3%
100th		 1.2%
Shareholder yield (dividends + buybacks) 8.6% 0.4%
95th		 1.7%
Share count change (YoY) -2.8% 4.3%
5th		 0.1%
Buybacks, last 5 years $5.5B $139.8M
90th		 $215.3M

Scores & forensic checks

MeasureHPQIndustry medianIndustry percentileSector median
IS score 43 55
40th		 56
IS profitability 18 31
40th		 40
IS growth 51 65
15th		 65
IS value 68 45
90th		 39
IS momentum 71 80
45th		 78
IS risk (safety) 30 100
15th		 100
IS quality 59 63
45th		 67
IS balance sheet 43 81
15th		 72
IS earnings quality 71 61
85th		 61
IS cash flow 67 54
65th		 66
Piotroski F-score (0-9) 7 6
60th		 6
Altman Z-score 1.6 5.0
20th		 4.0
Beneish M-score −2.34 −2.37
53rd		 −2.58
Ohlson O-score −6.96 −7.92
65th		 −8.00
IS credit score 49 74
20th		 69

Per share

MeasureHPQIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $2.64 $0.73
60th		 $0.84
Book value per share −$0.10 $7.08
10th		 $9.77
Tangible book per share −$10.47 $1.76
5th		 $3.22
Revenue per share $63.82 $13.29
90th		 $13.00
FCF per share $4.19 $0.70
70th		 $1.78
Operating cash flow per share $5.04 $0.97
70th		 $2.40
Cash per share $4.50 $4.25
60th		 $4.50

Size (TTM)

MeasureHPQIndustry medianIndustry percentileSector median
Market cap $27.1B $15.0B
60th		 $4.7B
Revenue $59.2B $4.3B
95th		 $1.2B
EBITDA $4.1B $986.1M
70th		 $185.8M
Net income $2.5B $253.3M
70th		 $84.9M
Free cash flow $3.9B $128.2M
80th		 $170.6M
Total assets $45.7B $5.2B
90th		 $2.4B
Shareholders' equity −$92.0M $1.5B
5th		 $1.1B
Employees 55,000 5,115
90th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-02Mcquarrie David P.
Chief Commercial Officer
 Open-market sale 31,572$32.12$1.0M8,008
2026-09-01Francisco Ma. Fatima
Director
 Gift 12,176——0
2026-09-01Francisco Ma. Fatima
Director
 Gift 12,176——12,176
2026-08-07Mcquarrie David P.
Chief Commercial Officer
 Open-market sale 21,048$29.98$631,01939,580
2026-08-05Parkhill Karen L
Chief Financial Officer
 Option exercise 166,746——268,880
2026-08-05Parkhill Karen L
Chief Financial Officer
 Tax withholding 69,173$28.52$2.0M199,707
2026-08-05Parkhill Karen L
Chief Financial Officer
 Option exercise 166,746——152,672
2026-08-04Mcquarrie David P.
Chief Commercial Officer
 Open-market sale 10,524$27.98$294,46260,628
2026-08-03Mcquarrie David P.
Chief Commercial Officer
 Open-market sale 10,524$27.88$293,40971,152
2026-07-28Mcquarrie David P.
Chief Commercial Officer
 Open-market sale 10,524$27.98$294,46281,676
2026-07-14Grewal Manpreet
Global Controller and CAO
 Option exercise 22,637——22,637
2026-07-14Grewal Manpreet
Global Controller and CAO
 Tax withholding 5,513$24.63$135,78517,124

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
GiftAcquired112,176—
GiftDisposed112,176—
Open-market saleDisposed694,716$2.8M
Option exerciseAcquired2189,383—
Option exerciseDisposed2189,383—
Tax withholdingDisposed274,686$2.1M
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 12 notices · 280,407 shares · $7.2M
FiledFilerShares proposedEst. proceeds
2026-10-02David Mcquarrie31,572$1.0M
2026-08-07David Mcquarrie21,048$631,019
2026-08-05David Mcquarrie10,524$294,461
2026-08-03David Mcquarrie10,524$293,409
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 1 trades (0 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-04-08Rob BresnahanHouseSale$1,001 - $15,0002025-04-29
2025-04-07Robert P. BresnahanHouseSale (Full)$1,001 - $15,0002025-04-29
2025-01-28John BoozmanSenateSale (Full)$1,001 - $15,0002025-02-08
2025-01-28John BoozmanSenateSale (Full)$1,001 - $15,0002025-02-07
2025-01-28John BoozmanSenateSale (Full)$1,001 - $15,0002025-02-07
2024-02-13Ro KhannaHouseSale$1,001 - $15,0002024-03-06
2023-10-31Tommy TubervilleSenateSale (Full)$15,001 - $50,0002023-11-16
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.107,463,839$2.4B11.92%
VANGUARD CAPITAL MANAGEMENT LLC59,650,437$1.3B6.61%
VANGUARD PORTFOLIO MANAGEMENT LLC58,027,884$1.3B6.43%
STATE STREET CORP52,843,678$1.2B5.86%
DODGE & COX42,627,828$935.3M4.73%
GEODE CAPITAL MANAGEMENT, LLC30,617,807$671.8M3.40%
PRIMECAP MANAGEMENT CO/CA/24,885,325$546.0M2.76%
Invesco Ltd.19,253,526$422.4M2.14%
DnB Asset Management AS18,841,944$413.4M2.09%
LSV ASSET MANAGEMENT13,193,516$289.5M1.46%
SCHRODER INVESTMENT MANAGEMENT GROUP11,676,005$256.2M1.29%
MORGAN STANLEY10,123,616$222.1M1.12%
GOLDMAN SACHS GROUP INC10,030,640$220.1M1.11%
MENORA MIVTACHIM HOLDINGS LTD.8,771,000$192.4M0.97%
UBS Group AG8,699,657$190.9M0.96%

Institutional ownership by quarter

2023-092026-0692.0%
% of shares held by 13F filers
2023-092026-061,084
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,08492.0%15442733187
2026-03-311,02891.2%129380357164
2025-12-311,08387.4%148343420146
2025-09-301,10482.3%134383388101
2025-06-301,09381.5%109400396153
2025-03-311,15381.7%133419402132
2024-12-311,17082.5%150403418110
2024-09-301,15583.7%11446036093
2024-06-301,14982.1%15844035173
2024-03-311,08281.9%9941937792
2023-12-311,09182.4%18038635869
2023-09-3099284.4%8635236798

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%68,827,835
2026-04-29SCHEDULE 13GVanguard Portfolio Management6.3%57,683,028
2026-04-07SCHEDULE 13G/ABlackRock, Inc.10.9%99,527,329
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.04%$895.2M
VSMPX0.04%$895.2M
VTSAX0.04%$895.2M
VTI0.04%$895.2M
VFFSX0.04%$751.2M
VFINX0.04%$751.2M

Share structure

Shares outstanding901,791,000
Float899,407,566
Free float99.7%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$63.5B$62.9B$53.7B$53.6B$55.3B
Cost of revenue$50.1B$50.6B$42.2B$41.7B$44.2B
Gross profit$13.4B$12.3B$11.5B$11.8B$11.0B
R&D$1.8B$1.7B$1.6B$1.6B$1.6B
SG&A$5.7B$5.3B$5.4B$5.7B$5.8B
Operating income$5.4B$4.6B$3.5B$3.8B$3.6B
EBITDA$8.6B$5.5B$4.5B$4.7B$4.1B
Pretax income$7.6B$4.3B$2.9B$3.3B$2.7B
Income tax$1.0B$1.2B−$326.0M$504.0M$139.0M
Net income$6.5B$3.1B$3.3B$2.8B$2.5B
EPS, diluted$5.36$2.98$3.26$2.81$2.65
Diluted shares1.2B1.1B1.0B989.0M953.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$4.3B$3.1B$3.1B$3.2B$3.7B
Receivables$8.9B$6.9B$6.4B$8.3B$8.7B
Inventory$7.9B$7.6B$6.9B$7.7B$8.5B
Total current assets$22.2B$19.7B$18.0B$20.8B$22.5B
PP&E, net$3.7B$4.0B$4.0B$4.1B$4.2B
Goodwill & intangibles$7.6B$10.5B$10.2B$9.9B$9.7B
Total assets$38.6B$38.5B$37.0B$39.9B$41.8B
Accounts payable$16.1B$15.3B$14.0B$16.9B$18.1B
Total current liabilities$29.1B$26.2B$24.5B$28.7B$29.3B
Long-term debt$6.4B$10.8B$9.3B$8.3B$8.8B
Total liabilities$40.2B$41.5B$38.1B$41.2B$42.1B
Shareholders' equity−$1.6B−$3.0B−$1.1B−$1.3B−$346.0M

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$6.5B$3.2B$3.3B$2.8B$2.5B
Depreciation & amortization$785.0M$780.0M$850.0M$830.0M$916.0M
Stock-based compensation$330.0M$343.0M$438.0M$452.0M$522.0M
Change in working capital−$1.1B−$990.0M−$464.0M−$284.0M−$785.0M
Operating cash flow$6.4B$4.5B$3.6B$3.7B$3.7B
Capital expenditure−$582.0M−$791.0M−$609.0M−$592.0M−$897.0M
Free cash flow$5.8B$3.7B$3.0B$3.2B$2.8B
Investing cash flow−$1.0B−$3.5B−$590.0M−$646.0M−$1.2B
Net debt issued / repaid$1.3B$3.1B−$1.5B$167.0M−$2.0M
Buybacks−$6.2B−$4.3B−$100.0M−$2.1B−$850.0M
Dividends paid−$938.0M−$1.0B−$1.0B−$1.1B−$1.1B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin21.1%19.6%21.4%22.1%20.5%
Operating margin8.4%7.4%6.4%7.1%6.0%
Net margin10.2%5.1%6.1%5.2%4.6%
FCF margin9.2%5.8%5.5%5.9%5.1%
ROE-335.9%-137.2%-159.4%-232.0%-303.1%
ROIC161.9%55.1%58.5%51.0%45.6%
ROA17.7%8.3%8.6%7.2%6.2%
Debt / equity-5.34-4.06-10.05-8.24-31.45
Interest coverage30.3x13.3x5.3x6.3x5.8x
Current ratio0.760.750.730.720.77
Revenue growth+12.1%−0.8%−14.7%−0.3%+3.2%
EPS growth+171.5%−42.6%−0.6%−13.7%−4.9%
P/E at year end4.6x7.5x7.4x12.0x10.2x
EV / EBITDA at year end4.0x5.9x7.1x8.7x8.0x
FCF yield at year end19.56%15.32%12.21%9.46%10.80%
Dividend payout14.4%32.4%31.8%38.7%43.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Personal Systems Group$43.4B$44.1B$35.7B$36.2B$38.5B
Printing$20.1B$18.9B$18.0B$17.3B$16.7B
Corporate Investments$3.0M$2.0M$7.0M$25.0M$62.0M
Segment Reconciling Items−$3.0M−$5.0M−$2.0M$1.0M−$1.0M

Revenue by region · FY2025

Americas$23.5B · 43%
EMEA$18.6B · 34%
Asia Pacific$13.2B · 24%

Street estimates by fiscal year

Next report 2026-11-24 · consensus EPS $0.75 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$60.0B$59.8B – $60.4B$3.26$3.18 – $3.3099.2x
2027$60.8B$59.1B – $63.3B$3.19$2.86 – $3.49109.4x
2028$60.2B$55.8B – $66.2B$3.39$3.14 – $3.7568.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-26$0.66$0.83+25.0%$14.4B$15.7B+8.6%
2026-05-27$0.71$0.86+21.0%$14.0B$14.4B+3.0%
2026-02-24$0.77$0.81+5.9%$13.9B$14.4B+3.6%
2025-11-25$0.92$0.93+1.0%$14.5B$14.6B+1.0%
2025-08-27$0.74$0.75+0.7%$13.7B$13.9B+1.8%
2025-05-28$0.78$0.71−8.4%$13.1B$13.2B+0.9%
2025-02-27$0.75$0.74−0.8%$13.4B$13.5B+0.9%
2024-11-26$0.93$0.930.0%$14.0B$14.1B+0.5%
2024-08-28$0.86$0.83−3.5%$13.4B$13.5B+0.7%
2024-05-29$0.81$0.82+1.1%$12.6B$12.8B+1.2%
2024-02-28$0.81$0.810.0%$13.6B$13.2B−2.8%
2023-11-21$0.90$0.900.0%$12.5B$13.8B+10.6%
2023-08-29$0.86$0.860.0%$13.4B$13.2B−1.4%
2023-05-30$0.76$0.80+5.3%$13.1B$12.9B−1.2%
2023-02-28$0.74$0.75+1.4%$14.1B$13.8B−2.1%
2022-11-22$0.84$0.85+1.2%$14.7B$14.8B+0.8%
2022-08-30$1.04$1.040.0%$15.6B$14.7B−5.9%
2022-05-31$1.05$1.08+2.9%$16.2B$16.5B+2.0%
2022-02-28$1.02$1.10+7.8%$16.5B$17.0B+3.1%
2021-11-23$0.88$0.94+6.8%$16.5B$16.7B+1.0%
2021-08-26$0.84$0.87+3.6%$15.4B$15.3B−1.0%
2021-05-27$0.89$0.93+4.5%$14.8B$15.9B+7.0%
2021-02-25$0.66$0.92+39.4%$15.0B$15.6B+4.4%
2020-11-24$0.52$0.62+19.2%$12.3B$15.3B+23.8%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.506-220.306-290.307-060.507-130.407-200.507-270.508-030.508-100.308-170.608-240.508-31
Week ofNotionalSharesTrades
2026-08-31$508.9M16,160,208178,527
2026-08-24$619.4M21,135,368196,921
2026-08-17$336.1M11,256,749139,365
2026-08-10$451.6M15,033,200166,388
2026-08-03$473.4M16,625,347161,362
2026-07-27$542.6M19,855,575199,866

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1563.7%
DateShort shareShort volumeTotal volume
2026-10-1563.7%2,995,7494,700,429
2026-10-1459.9%2,312,7953,863,887
2026-10-1359.7%3,023,0255,064,382
2026-10-1265.2%2,976,8294,563,981
2026-10-0968.3%4,752,7506,960,003
2026-10-0864.3%2,222,6923,456,623
2026-10-0770.3%2,747,7273,907,320
2026-10-0662.1%2,153,4043,467,764
2026-10-0558.4%1,683,4972,884,402
2026-10-0258.4%1,994,3713,415,932
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-0.6Jan+0.2Feb+1.5Mar+0.4Apr+0.7May-0.8Jun+2.2Jul-1.5Aug-1.3Sep+1.3Oct+2.7Nov+0.1Dec
MonthAvg returnUp yearsYears
Jan−0.6%60%20
Feb+0.2%40%20
Mar+1.5%57%21
Apr+0.4%45%20
May+0.7%40%20
Jun−0.8%40%20
Jul+2.2%70%20
Aug−1.5%55%20
Sep−1.3%50%20
Oct+1.3%70%20
Nov+2.7%55%20
Dec+0.1%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1443.3
MFI58.1
ADX15.6
Stochastic %K / %D34.3 / 35.1
Williams %R-77.4
CCI-98
TSI / signal-4.8 / 2.3
Chaikin money flow-0.22
ATR$1.32
Bollinger width10.8%
Volume vs 20-day avg1.02x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$31.35 (−4.3%)
SMA 50$31.14 (−3.6%)
SMA 200$23.61 (+27.1%)
EMA 21$31.21 (−3.8%)
EMA 50$30.44 (−1.4%)
EMA 200$26.16 (+14.7%)
Bollinger upper$33.05 (−9.2%)
Bollinger lower$29.66 (+1.2%)
Parabolic SAR$32.10 (−6.5%)
Open the live chart, 110+ indicators

About HP Inc.

HP Inc. is a global technology company specializing in personal computing devices, imaging and printing solutions, and a variety of related technologies, software, and support services, serving clients both in the United States and worldwide. Its operations are structured into three main divisions: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers a broad array of computing hardware, including desktop and laptop personal computers for both business and individual consumers, along with specialized workstations, thin clients, commercial mobile devices, retail point-of-sale systems, displays, and various peripherals. This division also encompasses essential software, support, and associated services. The Printing division focuses on delivering printer hardware for both general consumers and commercial clients, alongside a full suite of supplies, comprehensive print solutions, and related services. Finally, the Corporate Investments segment is dedicated to fostering innovation through HP Labs, incubating new business ventures, and managing various investment projects. HP's extensive client base spans individual end-users, small and medium-sized enterprises (SMEs), and major corporations, reaching diverse sectors such as government, healthcare, and education. Established in 1939, the company initially operated as Hewlett-Packard Company before rebranding to HP Inc. in October 2015. Its corporate headquarters are located in Palo Alto, California.

https://www-redirect.ext.hp.com

Key executives

NameTitlePayBorn
Karen L. ParkhillChief Financial Officer$3.7M1965
Tuan TranPresident of Technology & Innovation$1.9M1968
Julie JacobsChief Legal Officer & General Counsel$1.4M1967
David McQuarrieChief Commercial Officer$1.4M1976
Bruce Dale BroussardInterim CEO & Director$28,3381962
Carol A. SurfaceChief People Officer—1966
David RozzionManaging Director for South African Business——
John KollerInterim Chief Marketing & Corporate Affairs Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Enrique J. Lores Former President and CEO (through February 2, 2026)2025$1.4M$19.3M$1.9M$23.1M
Karen Parkhill Chief Financial Officer2025$950,000$5.3M$911,537$9.0M
Alex Cho Former President, Personal Systems (through November 1, 2025)2025$827,600$6.0M$724,264$7.6M
David McQuarrie Chief Commercial Officer2025$800,000$4.7M$518,600$6.1M
Julie Jacobs Chief Legal Officer & General Counsel2025$800,000$4.0M$568,600$5.4M

Employees

55k201856k201953k202051k202158k202258k202358k202455k2025

Dividends

Ex-dateAmountPaid
2026-09-09$0.32026-10-07
2026-06-10$0.32026-07-01
2026-03-11$0.32026-04-01
2025-12-11$0.32026-01-02
2025-09-10$0.28942025-10-01
2025-06-11$0.28942025-07-02
2025-03-12$0.28942025-04-02
2024-12-11$0.28942025-01-02

Moat model

None · Efficient Scale · 2026-07-31
Cost advantage44
Intangibles23
Switching costs28
Network effect35
Efficient scale68
Our component scores (0-100) and overall 37.0; 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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