# HP Inc. (HPQ) — Stock CV

HP Inc. 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.

> 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.

## Identity

- **Ticker**: HPQ
- **Sector**: Technology
- **Industry**: Computer & Office Equipment
- **Headquarters**: PALO ALTO, CA
- **Employees**: 55 000
- **Website**: https://www.hp.com
- **Market cap**: $27.2B
- **Last price**: $30.20
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $59.2B
- **Net income**: $2.45B
- **Free cash flow**: $3.88B
- **Net debt**: $5.96B
- **P/E**: 11.1
- **Revenue growth (YoY)**: 8.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 80 |
| Growth | 24 |
| Profitability | 56 |
| Health | 36 |
| Quality | 97 |
| Moat | 68 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +8.1% YoY
- [x] Profitable — $2.45B TTM
- [ ] Profit growing — -3.8% YoY
- [x] Generates cash — $3.88B TTM
- [x] Debt under control — ~1.5y of cash flow to repay
- [x] Established company — $27.2B market cap
- [x] Not printing shares — -32.9% shares over ~5y
- [x] Proven track record — 9/9 profitable years
- [ ] Financially stable — health score 24/100
- [x] Pays a dividend — yield 4.02%
- [x] Valuation not extreme — P/E 11.1

## Experience (career milestones)

- **2026** — HP introduced HP IQ, an AI software platform designed to connect HP AI PCs, printers, meeting-room…
- **2022** — HP announced the acquisition of the California-headquartered communications software and hardware…
- **FY2021** — Best year on record: $6.50B net income
- **2021** — HP announced its acquisition of Kingston's gaming division HyperX for $425 million
- **Mar 31, 2020** — Xerox rescinded its bid to buy HP Inc, citing that "the current global health crisis and…
- **FY2018** — Revenue crossed $50B: $58.5B for the year
- **2017** — HP acquired Samsung Electronics' printer division for $1.05 billion
- **FY2016** — Profitable every year on record: 9 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $48.2B in first reported year
- **FY2016** — Positive free cash flow every year since: 9-year streak
- **2015** — HP Inc. was founded in 2015 when the original Hewlett-Packard company split into two companies
- **2014** — This replaced the partnership with Beats Electronics that ended upon being acquired by Apple Inc

## 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

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $63.5B | $6.50B | $5.83B |
| FY2022 | $63.0B | $3.20B | $3.67B |
| FY2023 | $53.7B | $3.26B | $2.96B |
| FY2024 | $53.6B | $2.77B | $3.16B |
| FY2025 | $55.3B | $2.53B | $2.80B |

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Source: https://stockcv.com/HPQ — derived from company filings; may be delayed or incomplete. Information, not investment advice.