HP Inc.

Computer & Office Equipment

HPQStrained9 of 11 basics passed

$30.20

-6.91%

Market cap $27.2B

$30.20

-6.91%

Market cap $27.2B

HP is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise.

It is a $27.2B technology company. Revenue grew 8.1% over the last year, it keeps 4¢ of every dollar of sales as profit, and its net debt equals ~1.5 years of free cash flow. It trades at 11.1× earnings — around the middle of its own history.

Website: hp.com
Location: Palo Alto, CA
Employees: 55 000
Sector: Technology
Founded: 2015

Share price · 3 years

$26.43 → $30.20+14.3%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $59.2B
Profit: keeps 4¢ of every $1 sold; $2.45B
Free cash flow: cash left after running the business; $3.88B
Net debt: debt minus cash on hand; $5.96B
P/E: years of profit in the price; 11.1
EPS: earnings per share, TTM; $2.57
Dividend: pays out 45% of profit · 28% of FCF; 4.02%
Shares: down 45% since 2016 — buybacks; 953.0M
Volatility: beta vs the market — under 1 swings less; 1.23

Revenue, last 9 years

52-week range

Low $18.20$30.20High $35.48

Today's price is 69% of the way from the year's low to its high.

P/E vs its history5y

11.1×median 9.7×

Higher than 65% of past days — around the middle of its own history.

Valuation vs own history

P/E

11.1×

35%

P/S

0.5×

72%

EV/EBITDA

9.0×

60%

FCF yield

14.3%

71%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$2.53Mnet selling

Purchases$0

Sales$2.53M

Insiders trading, last 14d0 buy · 1 sell

Standing in Technology

Size$27.2Btop 49%
Revenue growth-4%top 93%
Net margin4%top 77%
Return on equity17%top 49%
P/E11.1×top 4%
Dividend yield4.02%top 5%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation and quality; Growth and Health lag behind.

Valuation80

P/E vs own history65th pct · 5/25
FCF yield14.3% · 25/25
P/S0.5x · 25/25
EV/EBITDA9.3x · 25/25

Growth24

Revenue CAGR-3.4% · 0/25
Net income CAGR-21.0% · 0/25
EPS CAGR ~5Y5.8% · 12/25
Fwd implied growth10.3% · 12/25

Profitability56

ROIC45.0% · 25/25
ROE16.9% · 20/25
Net margin4.1% · 6/25
Operating margin5.5% · 5/25

Health36

Altman Zn/a · 0/25
Current ratio0.79 · 6/25
Interest coverage8.8x · 18/25
Net cash / debtD/A 14% · 12/25

Quality97

Piotroski F7/9 · 22/25
Beneish M-2.50 · 25/25
FCF conversion158% · 25/25
Margin stabilityσ 1.0% · 25/25

Moat68

ROIC >12% years6/6 yrs · 25/25
Median gross margin19.6% · 6/25
FCF-positive years9/9 yrs · 25/25
Worst-year net marginworst 4.6% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

2026Product
HP introduced HP IQ, an AI software platform designed to connect HP AI PCs, printers, meeting-room…
2022Acquisition
HP announced the acquisition of the California-headquartered communications software and hardware…
FY2021Financial
Best year on record
$6.50B net income
2021Acquisition
HP announced its acquisition of Kingston's gaming division HyperX for $425 million
Mar 31, 2020Acquisition
Xerox rescinded its bid to buy HP Inc, citing that "the current global health crisis and…
FY2018Financial
Revenue crossed $50B
$58.5B for the year
2017Acquisition
HP acquired Samsung Electronics' printer division for $1.05 billion
FY2016Financial
Profitable every year on record
9 consecutive profitable years in our data
FY2016Financial
Revenue already above $10B
$48.2B in first reported year
FY2016Financial
Positive free cash flow every year since
9-year streak
2015Founded
HP Inc. was founded in 2015 when the original Hewlett-Packard company split into two companies
2014Acquisition
This replaced the partnership with Beats Electronics that ended upon being acquired by Apple Inc

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$10 958 today — price return only

$55.3B revenue in FY2025

Revenue up 8.1% year over year

Profitable 9 years in a row

Positive free cash flow 9 years in a row

55 000 employees

ROIC of 45.0%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Interest covered 8.8× by operating earnings
High returns on invested capital (ROIC 45.0%)
Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago+8.1% YoY
Profitable — makes more than it spends$2.45B TTM
Profit growing — earnings are higher than last year-3.8% YoY
Generates cash — cash left after running and investing$3.88B TTM
Debt under control — could handle its obligations~1.5y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$27.2B market cap
Not printing shares — share count not ballooning — you keep your slice-32.9% shares over ~5y
Proven track record — years of profitability behind it9/9 profitable years
Financially stable — balance sheet not near distresshealth score 24/100
Pays a dividend — returns cash to shareholdersyield 4.02%
Valuation not extreme — price not wildly above earningsP/E 11.1

Peer comparisonHP Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
HPQ this company	$27.2B	11.1	+8.1%	4.1%	Strained
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: HPQ vs NVDA · HPQ vs AAPL · HPQ vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 1Buy 1Hold 13Sell 10Strong sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $59.2B · net income $2.45B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$59.2B

YoY 8.1%

Net income (TTM)

$2.45B

Margin 4.1%

Gross margin

19.9%

Operating margin

5.5%

P/E ratio

11.1

Dividend yield

4.02%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	56.6	63.5	63.0	53.7	53.6	55.3
Gross profit	10.4	13.4	12.3	11.5	11.8	11.4
Operating income (EBIT)	3.5	5.3	4.7	3.5	3.8	3.2
Net income	2.8	6.5	3.2	3.3	2.8	2.5
EPS (diluted)	2.00	5.33	3.05	3.26	2.81	2.65

Cash flowFree cash flow $3.88B · operating cash flow $4.67B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$3.88B

Margin 6.6%

Operating cash flow (TTM)

$4.67B

FCF margin

6.6%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	4.3	6.4	4.5	3.6	3.7	3.7
Capital expenditure	-0.6	-0.6	-0.8	-0.6	-0.6	-0.9
Free cash flow	3.7	5.8	3.7	3.0	3.2	2.8
FCF margin	6.6%	9.2%	5.8%	5.5%	5.9%	5.1%

Balance sheetAssets $41.8B · net debt $5.96B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $41.8B of assets is financed

101%

Liabilities $42.1B — borrowed moneyEquity -$346M — owners' stake

Cash vs debt

Total debt $9.67B − cash $3.71B = net debt $5.96B

Cash on hand covers 38% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

8.8x

EBIT ÷ interest expense

ROE

16.9%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	4.9	4.3	3.1	3.2	3.3	3.7
Total assets	34.7	38.6	38.6	37.0	39.9	41.8
Total liabilities	36.9	40.3	41.5	38.1	41.2	42.1
Total debt	6.2	7.5	11.0	9.5	9.7	9.7
Equity	-2.2	-1.6	-2.9	-1.1	-1.3	-0.3
Net debt	1.4	3.2	7.9	6.3	6.4	6.0

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of HPQ on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $30.20 · market cap $27.2B.