HPQNYSEComputer & office EquipmentFiscal year ends October 31
HP INC
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 27, 2026
$30.24+0.23 (+0.77%)
Close on Oct 19, 2026
- Market cap
- $28.03B
- P/E (TTM)
- 11.5
- Dividend yield
- 3.84%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
20.6%+2.2 pts over 5 years
Operating margin
5.7%−0.3 pts over 5 years
Net margin
4.6%−0.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.2% | -4.2% | -0.5% | +0.7% | |
| Gross profit | -3.6% | -2.4% | +1.8% | +1.4% | |
| Operating income | -16.9% | -11.4% | -1.6% | -2.1% | |
| Net income | -8.9% | -6.9% | -2.1% | -5.7% | |
| EPS, diluted | -5.7% | -3.8% | +6.0% | +0.7% | |
| Free cash flow | -11.3% | -8.9% | -5.6% | -2.0% | |
| Dividend per share | +5.5% | +5.1% | +10.6% | +5.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 20.9% | -161.5% | -303.1% | |
| Return on assets | 3.7% | 8.3% | 6.2% | |
| Current ratio | 0.98 | 0.79 | 0.77 | |
| Debt to equity | -1.75 | -2.73 | -27.94 | |
| Net debt to EBITDA | 0.14× | 0.32× | 1.46× | |
| Interest coverage | 13.0× | 14.4× | 7.4× | |
| Inventory turnover | 8.9× | 7.9× | 5.4× | |
| Capex to revenue | 0.9% | 1.0% | 1.6% | |
| Diluted shares | 1.74B | 1.42B | 953M |
Where the cash went
Fiscal 2021 to 2025, five years combined
HP generated $21.89B from operations and spent $22.20B on capital expenditure, dividends and share buybacks. 15% of that went back into the business.
Generated
$21.89B
Used
$22.20B
Capital expenditure$3.43B15%Dividends$5.18B23%Share buybacks$13.60B61%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.6%
×Asset turnover1.35×
×Equity multiplier-48.94×
=Return on equity, FY2025-303.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.6% | 1.35× | -48.94× | -303.1% |
| FY2024 | 5.2% | 1.39× | -32.15× | -232.0% |
| FY2023 | 6.1% | 1.42× | -18.44× | -159.4% |
| FY2022 | 5.0% | 1.63× | -16.51× | -134.2% |
| FY2021 | 10.3% | 1.73× | -18.70× | -333.8% |
| FY2020 | 5.0% | 1.66× | -19.55× | -161.5% |
| FY2019 | 5.4% | 1.73× | -36.80× | -340.8% |
| FY2018 | 9.1% | 1.73× | -16.69× | -263.3% |
| FY2017 | 4.9% | 1.68× | -8.48× | -69.2% |
| FY2016 | 5.2% | 0.71× | 5.69× | 20.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.53B
- Cash generatingOperating cash flow above zero$3.70B
- Return on assets improvedROA up on the prior year7.5% → 6.3%
- Earnings backed by cashOperating cash flow above net income$3.70B vs $2.53B
- Less leverageLong-term debt to assets fell20.7% → 21.1%
- Better liquidityCurrent ratio rose0.72 → 0.77
- No dilutionShare count did not rise989M → 953M
- Gross margin improvedGross margin up on the prior year22.07% → 20.60%
- More efficientAsset turnover rose1.45 → 1.39