Hewlett Packard Enterprise (HPE) Financials

$24.76 -0.10 (-0.40%)

Closing price 09/12/2025 03:59 PM Eastern

Extended Trading

$24.80 +0.04 (+0.14%)

As of 09/12/2025 07:52 PM Eastern

Annual Income Statements for Hewlett Packard Enterprise

This table shows Hewlett Packard Enterprise's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Net Income / (Loss) Attributable to Common Shareholders	1,648	2,461	3,161	344	1,908	1,049	-322	3,427	868	2,025	2,554
Consolidated Net Income / (Loss)	1,648	2,461	3,161	344	1,908	1,049	-322	3,427	868	2,025	2,579
Net Income / (Loss) Continuing Operations	1,648	2,640	3,237	436	2,012	1,049	-322	3,427	868	2,025	2,579
Total Pre-Tax Income	2,244	1,935	3,860	272	268	1,553	-442	3,587	876	2,230	2,953
Total Operating Income	2,335	1,946	3,903	564	1,737	1,274	-329	1,132	782	2,089	2,190
Total Gross Profit	15,637	10,064	9,773	8,934	9,509	9,790	8,469	9,376	9,816	10,622	10,373
Total Revenue	55,123	31,077	30,280	28,871	30,852	29,135	26,982	27,784	28,496	29,135	30,127
Operating Revenue	55,123	31,077	30,280	28,871	30,852	29,135	26,982	27,784	28,496	29,135	30,127
Total Cost of Revenue	39,486	21,013	20,507	19,937	21,343	19,345	18,513	18,408	18,680	18,513	19,754
Operating Cost of Revenue	39,486	21,013	20,507	19,937	21,343	19,345	18,513	18,408	18,680	18,513	19,754
Total Operating Expenses	13,302	8,118	5,870	8,370	7,772	8,516	8,798	8,244	9,034	8,533	8,183
Selling, General & Admin Expense	8,717	5,142	5,380	5,012	4,921	4,907	4,624	4,929	4,941	5,160	4,871
Research & Development Expense	2,197	1,676	1,714	1,490	1,667	1,842	1,874	1,979	2,045	2,349	2,246
Amortization Expense	906	229	272	321	294	267	379	354	293	288	267
Other Operating Expenses / (Income)	0.00	790	-2,058	956	701	743	976	930	783	666	588
Impairment Charge	0.00	-	0.00	0.00	88	0.00	865	0.00	905	0.00	0.00
Restructuring Charge	1,482	281	562	591	101	757	80	36	19	69	204
Other Special Charges / (Income)	0.00	0.00	0.00	-	-	-	0.00	16	48	1.00	7.00
Total Other Income / (Expense), net	-91	-11	-43	-292	-1,469	279	-113	2,455	94	141	763
Interest & Investment Income	0.00	-2.00	-76	-23	38	20	67	180	215	245	880
Other Income / (Expense), net	-91	-9.00	-284	-266	121	59	-101	2,210	-121	-104	-117
Income Tax Expense	596	-705	623	-164	-1,744	504	-120	160	8.00	205	374
Preferred Stock Dividends Declared	-	-	-	-	-	-	-	-	0.00	0.00	-25
Basic Earnings per Share	$0.91	$1.36	$1.84	$0.21	$1.25	$0.78	($0.25)	$2.62	$0.67	$1.56	$1.95
Weighted Average Basic Shares Outstanding	1.81B	1.80B	1.72B	1.65B	1.53B	1.35B	1.29B	1.31B	1.30B	1.30B	1.31B
Diluted Earnings per Share	$0.90	$1.34	$1.82	$0.21	$1.23	$0.77	($0.25)	$2.58	$0.66	$1.54	$1.93
Weighted Average Diluted Shares Outstanding	1.83B	1.83B	1.74B	1.67B	1.55B	1.37B	1.29B	1.33B	1.32B	1.32B	1.34B
Weighted Average Basic & Diluted Shares Outstanding	1.81B	1.81B	1.72B	1.64B	1.53B	1.34B	1.29B	1.29B	1.28B	1.30B	1.32B
Cash Dividends to Common per Share	$0.00	$0.00	$0.22	$0.26	$0.49	$0.46	$0.36	$0.48	$0.48	$0.48	$0.52

This table shows Hewlett Packard Enterprise's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Income / (Loss) Attributable to Common Shareholders	501	418	464	642	387	314	512	1,341	1,225	-1,079	276
Consolidated Net Income / (Loss)	501	418	464	642	387	314	512	1,366	1,188	-1,050	305
Net Income / (Loss) Continuing Operations	501	418	464	642	387	314	512	1,366	1,188	-1,050	305
Total Pre-Tax Income	623	522	536	549	483	445	608	1,417	733	-1,045	288
Total Operating Income	591	520	471	507	525	425	547	693	433	-1,109	247
Total Gross Profit	2,736	2,602	2,612	2,672	2,576	2,376	2,439	2,734	10,091	2,169	2,672
Total Revenue	7,809	6,973	7,002	7,351	6,755	7,204	7,710	8,458	15,522	7,627	9,136
Operating Revenue	7,809	6,973	7,002	7,351	6,755	7,204	7,710	8,458	15,522	7,627	9,136
Total Cost of Revenue	5,073	4,371	4,390	4,679	4,179	4,828	5,271	5,724	5,431	5,458	6,464
Operating Cost of Revenue	5,073	4,371	4,390	4,679	4,179	4,828	5,271	5,724	5,431	5,458	6,464
Total Operating Expenses	2,145	2,082	2,141	2,165	2,051	1,951	1,892	2,041	9,283	3,278	2,425
Selling, General & Admin Expense	1,257	1,269	1,302	1,332	1,216	1,215	1,229	1,211	1,268	1,298	1,496
Research & Development Expense	623	570	578	578	582	590	547	527	475	540	622
Amortization Expense	73	71	72	72	71	67	60	69	38	37	126
Other Operating Expenses / (Income)	180	150	167	169	139	33	14	154	7,436	-13	0.00
Impairment Charge	-	-	-	-	-	0.00	0.00	-	-	1,361	0.00
Restructuring Charge	11	19	21	18	43	46	42	78	66	55	181
Total Other Income / (Expense), net	32	2.00	65	42	-42	20	61	724	486	64	41
Interest & Investment Income	58	49	73	65	46	42	73	719	203	25	32
Other Income / (Expense), net	-26	-47	-8.00	-23	-88	-22	-12	5.00	283	39	9.00
Income Tax Expense	122	104	72	-93	96	131	96	51	106	5.00	-17
Preferred Stock Dividends Declared	-	-	-	-	0.00	0.00	0.00	-	-29	-29	-29
Basic Earnings per Share	$0.39	$0.32	$0.36	$0.49	$0.30	$0.24	$0.39	$1.02	$0.45	($0.82)	$0.21
Weighted Average Basic Shares Outstanding	1.30B	1.30B	1.30B	1.30B	1.30B	1.31B	1.31B	1.31B	1.32B	1.32B	1.33B
Diluted Earnings per Share	$0.38	$0.32	$0.35	$0.49	$0.29	$0.24	$0.38	$1.02	$0.44	($0.82)	$0.21
Weighted Average Diluted Shares Outstanding	1.32B	1.32B	1.32B	1.32B	1.32B	1.33B	1.33B	1.34B	1.41B	1.32B	1.42B
Weighted Average Basic & Diluted Shares Outstanding	1.30B	1.29B	1.28B	1.30B	1.30B	1.30B	1.30B	1.32B	1.31B	1.31B	1.32B

This table details how cash moves in and out of Hewlett Packard Enterprise's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Net Change in Cash & Equivalents	137	7,523	3,145	-3,850	-4,508	-1,008	545	-289	431	-182	10,524
Net Cash From Operating Activities	6,911	3,661	5,056	1,335	2,964	3,997	2,240	5,871	4,593	4,428	4,341
Net Cash From Continuing Operating Activities	6,911	3,661	5,056	1,335	2,964	3,997	2,240	5,871	4,593	4,428	4,341
Net Income / (Loss) Continuing Operations	1,648	2,461	3,161	344	1,908	1,049	-322	3,427	868	2,025	2,579
Consolidated Net Income / (Loss)	1,648	2,461	3,161	344	1,908	1,049	-322	3,427	868	2,025	2,579
Depreciation Expense	4,144	3,947	3,775	3,051	2,576	2,535	2,625	2,597	2,480	2,616	2,564
Non-Cash Adjustments To Reconcile Net Income	2,070	2,002	-123	2,185	1,090	1,069	2,477	1,384	2,064	886	-50
Changes in Operating Assets and Liabilities, net	-951	-4,749	-1,757	-4,245	-2,610	-656	-2,540	-1,537	-819	-1,099	-752
Net Cash From Investing Activities	-2,974	-5,413	419	-5,349	-1,880	-3,457	-2,578	-2,796	-2,087	-3,284	-53
Net Cash From Continuing Investing Activities	-2,974	-5,413	419	-5,349	-1,880	-3,457	-2,578	-2,796	-2,087	-3,284	-53
Purchase of Property, Plant & Equipment	-3,620	-3,344	-3,280	-3,137	-2,956	-2,856	-2,383	-2,502	-3,122	-2,828	-2,367
Acquisitions	-49	-2,644	-22	-2,222	-207	-1,526	-866	-505	0.00	-761	-147
Purchase of Investments	-940	-243	-656	-45	-33	-39	-101	-60	-55	-15	-16
Sale of Property, Plant & Equipment	606	380	450	679	1,094	597	703	354	602	602	370
Sale and/or Maturity of Investments	1,023	298	585	38	98	26	48	15	262	9.00	2,149
Other Investing Activities, net	-	0.00	0.00	-662	111	341	21	-98	226	-291	-42
Net Cash From Financing Activities	-3,800	9,275	-2,330	164	-5,592	-1,548	883	-3,364	-1,796	-1,362	6,283
Net Cash From Continuing Financing Activities	-3,800	9,275	-2,330	164	-5,592	-1,548	883	-3,364	-1,796	-1,362	6,283
Repayment of Debt	-1,135	-1,116	-904	-3,812	-4,138	-2,256	-5,108	-5,501	-3,892	-4,934	-5,506
Repurchase of Common Equity	0.00	0.00	-2,662	-2,556	-3,568	-2,249	-355	-213	-512	-421	-150
Payment of Dividends	-37	-32	-373	-428	-579	-608	-625	-643	-627	-619	-684
Issuance of Debt	870	15,412	1,074	2,277	2,462	3,517	7,007	3,022	3,296	4,725	11,245
Issuance of Preferred Equity	-	-	-	-	-	-	-	-	0.00	0.00	1,462
Other Financing Activities, net	-3,498	-4,989	494	4,575	115	-	-36	-29	-61	-113	-84
Effect of Exchange Rate Changes	-	-	-	-	-	-	0.00	0.00	-279	36	-47
Cash Interest Paid	357	291	585	415	609	593	574	486	453	677	772
Cash Income Taxes Paid	302	192	656	836	538	518	297	398	107	307	248

This table details how cash moves in and out of Hewlett Packard Enterprise's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Net Change in Cash & Equivalents	-1,919	111	177	1,449	-609	-1,048	981	11,200	-1,253	-2,064	-7,091
Net Cash From Operating Activities	-829	889	1,525	2,843	64	1,093	1,154	2,030	-390	-461	1,305
Net Cash From Continuing Operating Activities	-829	889	1,525	2,843	64	1,093	1,154	2,030	-390	-461	1,305
Net Income / (Loss) Continuing Operations	501	418	464	642	387	314	512	1,366	627	-1,050	305
Consolidated Net Income / (Loss)	501	418	464	642	387	314	512	1,366	627	-1,050	305
Depreciation Expense	656	651	654	655	657	642	625	640	599	574	687
Non-Cash Adjustments To Reconcile Net Income	139	201	186	360	206	226	96	-578	97	1,709	410
Changes in Operating Assets and Liabilities, net	-2,125	-381	221	1,186	-1,186	-89	-79	602	-1,713	-1,694	-97
Net Cash From Investing Activities	-1,237	-933	-1,016	-98	-740	-367	-473	1,527	-23	-989	-12,602
Net Cash From Continuing Investing Activities	-1,237	-933	-1,016	-98	-740	-367	-473	1,527	-23	-989	-12,602
Purchase of Property, Plant & Equipment	-794	-688	-671	-675	-656	-560	-543	-608	-528	-547	-576
Purchase of Investments	0.00	-5.00	-5.00	-5.00	-16	-	-	-	0.00	-1.00	-6.00
Sale of Property, Plant & Equipment	159	86	102	255	96	122	62	90	84	80	90
Sale and/or Maturity of Investments	4.00	-	4.00	1.00	4.00	1.00	-	2,144	1.00	40	54
Other Investing Activities, net	-574	48	-91	326	-168	70	8.00	48	210	-561	114
Net Cash From Financing Activities	9.00	154	-331	-1,194	53	-1,729	304	7,655	-797	-695	4,235
Net Cash From Continuing Financing Activities	9.00	154	-331	-1,194	53	-1,729	304	7,655	-797	-695	4,235
Repayment of Debt	84	-2,168	-1,032	-1,818	-532	-1,731	-581	-2,662	-477	-595	-583
Payment of Dividends	-156	-155	-154	-154	-177	-169	-169	-169	-204	-200	-200
Issuance of Debt	261	2,584	1,041	839	859	216	1,081	9,089	105	152	5,076
Other Financing Activities, net	-107	-1.00	1.00	-6.00	-94	-	25	-15	-169	-2.00	-58
Effect of Exchange Rate Changes	138	1.00	-1.00	-102	14	-45	-4.00	-12	-43	81	-29

This table presents Hewlett Packard Enterprise's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Total Assets	65,071	79,916	79,629	61,406	55,493	51,803	54,015	57,699	57,123	57,153	71,262
Total Current Assets	22,031	29,964	28,917	21,444	17,272	15,143	16,556	18,878	20,506	18,948	33,457
Cash & Equivalents	2,319	9,842	12,987	9,579	4,880	3,753	4,233	3,996	4,163	4,270	14,846
Note & Lease Receivable	2,974	2,918	3,360	3,378	-	3,572	-	3,932	3,522	3,543	3,870
Accounts Receivable	8,423	8,538	3,151	3,073	6,659	2,957	7,180	3,979	4,101	3,481	3,550
Inventories, net	1,884	2,198	1,720	2,315	2,447	2,387	2,674	4,511	5,161	4,607	7,810
Other Current Assets	6,431	6,468	2,694	3,099	3,286	2,474	2,469	2,460	3,559	3,047	3,381
Plant, Property, & Equipment, net	8,520	9,886	6,375	6,269	6,138	6,054	5,625	0.00	5,784	5,989	5,664
Total Noncurrent Assets	34,520	40,066	44,337	33,693	32,083	30,606	31,834	38,821	30,833	32,216	32,141
Long-Term Investments	-	0.00	2,648	2,535	2,398	2,254	2,170	2,210	2,160	2,197	929
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	-	10,537	11,377	12,616
Goodwill	25,960	27,261	16,090	17,516	17,537	18,306	18,017	18,306	17,403	17,988	18,086
Intangible Assets	2,057	1,930	675	1,042	789	1,128	1,103	1,022	733	654	510
Total Liabilities & Shareholders' Equity	65,071	79,916	79,629	61,406	55,493	51,803	54,015	57,699	57,123	57,153	71,262
Total Liabilities	27,899	45,998	48,111	37,901	34,219	34,654	37,919	37,682	37,214	35,915	46,382
Total Current Liabilities	19,760	21,993	22,529	18,924	17,198	19,159	18,738	20,687	23,174	21,882	25,973
Short-Term Debt	894	691	3,525	3,850	2,005	4,425	3,755	3,552	4,612	4,868	4,742
Accounts Payable	4,889	5,828	4,945	6,072	6,092	5,595	5,383	7,004	8,717	7,136	11,064
Current Deferred Revenue	5,129	5,154	2,996	3,128	3,177	3,234	3,430	3,408	3,451	3,658	3,904
Current Deferred & Payable Income Tax Liabilities	706	476	161	429	378	186	148	169	176	155	284
Current Employee Benefit Liabilities	2,737	2,902	1,253	1,156	1,412	1,522	1,391	1,778	1,401	1,724	1,356
Other Current Liabilities	5,405	6,942	3,973	4,289	4,134	4,197	4,631	4,776	4,817	4,341	4,591
Other Current Nonoperating Liabilities	-	-	5,676	-	-	-	-	-	-	0.00	32
Total Noncurrent Liabilities	8,139	24,005	25,582	18,977	17,021	15,495	19,181	16,995	14,040	14,033	20,409
Long-Term Debt	485	15,103	12,168	10,182	10,136	9,395	12,186	9,896	7,853	7,487	13,504
Other Noncurrent Operating Liabilities	7,654	8,902	8,874	8,795	6,885	6,100	6,995	7,099	6,187	6,546	6,905
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	37,172	33,918	31,518	23,505	21,274	17,149	16,096	20,017	19,909	21,238	24,880
Total Preferred & Common Equity	36,776	33,535	31,448	23,466	21,239	17,098	16,049	19,971	19,864	21,182	24,816
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	-	-	-	0.00	0.00
Total Common Equity	36,776	33,535	31,448	23,466	21,239	17,098	16,049	19,971	19,864	21,182	24,816
Common Stock	-	0.00	35,265	33,599	30,356	28,457	28,363	28,483	28,312	28,212	29,861
Retained Earnings	0.00	0.00	2,782	-7,238	-5,899	-7,632	-8,375	-5,597	-5,350	-3,946	-2,068
Accumulated Other Comprehensive Income / (Loss)	-2,248	-5,015	-6,599	-2,895	-3,218	-3,727	-3,939	-2,915	-3,098	-3,084	-2,977
Noncontrolling Interest	396	383	70	39	35	51	47	46	-	56	64

This table presents Hewlett Packard Enterprise's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Total Assets	55,591	55,549	56,415	57,153	58,602	59,711	60,852	71,262	70,327	67,854	77,340
Total Current Assets	18,234	17,560	17,655	18,948	20,244	21,427	22,405	33,457	33,012	31,571	26,002
Cash & Equivalents	2,530	2,781	2,919	4,270	3,758	2,676	3,642	14,846	13,431	11,667	4,571
Note & Lease Receivable	3,726	3,716	3,718	3,543	3,629	3,646	3,705	3,870	3,771	3,907	3,777
Accounts Receivable	4,201	3,711	3,448	3,481	3,781	3,840	3,857	3,550	3,450	3,899	5,656
Inventories, net	4,644	4,317	4,541	4,607	6,049	7,326	7,679	7,810	8,577	8,096	7,163
Other Current Assets	3,133	3,035	3,029	3,047	3,027	3,939	3,522	3,381	3,783	4,002	4,835
Plant, Property, & Equipment, net	5,990	6,013	6,089	5,989	5,997	5,817	5,738	5,664	5,412	5,407	6,118
Total Noncurrent Assets	31,367	31,976	32,671	32,216	32,361	32,467	32,709	32,141	31,903	30,876	45,220
Long-Term Investments	2,225	2,281	2,293	2,197	2,249	2,291	2,318	929	940	965	999
Noncurrent Note & Lease Receivables	11,046	11,287	11,659	11,377	11,542	11,673	11,926	12,616	12,369	12,674	13,817
Goodwill	17,421	17,733	17,994	17,988	17,988	17,988	17,988	18,086	18,086	16,725	23,767
Intangible Assets	675	675	725	654	582	515	477	510	508	512	6,637
Total Liabilities & Shareholders' Equity	55,591	55,549	56,415	57,153	58,602	59,711	60,852	71,262	70,327	67,854	77,340
Total Liabilities	35,528	35,128	35,738	35,915	37,134	37,977	38,718	46,382	45,045	43,927	52,873
Total Current Liabilities	21,476	20,251	20,170	21,882	22,635	23,750	23,865	25,973	24,904	24,538	27,347
Short-Term Debt	5,349	5,004	4,486	4,868	4,957	3,767	3,864	4,742	4,605	5,152	6,799
Accounts Payable	6,535	5,501	5,604	7,136	8,125	10,119	10,085	11,064	10,747	9,316	8,662
Current Deferred Revenue	3,533	3,621	3,654	3,658	3,718	3,783	3,803	3,904	3,905	4,172	5,311
Current Deferred & Payable Income Tax Liabilities	210	198	215	155	182	181	150	284	314	277	256
Current Employee Benefit Liabilities	1,284	1,439	1,570	1,724	1,027	1,084	1,166	1,356	898	1,055	1,549
Other Current Liabilities	4,565	4,488	4,641	4,341	4,626	4,816	4,738	4,591	4,435	4,566	4,770
Other Current Nonoperating Liabilities	-	-	-	0.00	-	-	59	32	0.00	0.00	0.00
Total Noncurrent Liabilities	14,052	14,877	15,568	14,033	14,499	14,227	14,853	20,409	20,141	19,389	25,526
Long-Term Debt	7,577	8,372	8,866	7,487	7,840	7,490	7,939	13,504	13,272	12,378	16,854
Other Noncurrent Operating Liabilities	6,475	6,505	6,702	6,546	6,659	6,737	6,914	6,905	6,869	7,011	8,672
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	20,063	20,421	20,677	21,238	21,468	21,734	22,134	24,880	25,282	23,927	24,467
Total Preferred & Common Equity	20,011	20,366	20,622	21,182	21,416	21,680	22,077	24,816	25,224	23,867	24,402
Preferred Stock	-	-	-	0.00	-	-	-	0.00	0.00	0.00	0.00
Total Common Equity	20,011	20,366	20,622	21,182	21,416	21,680	22,077	24,816	25,224	23,867	24,402
Common Stock	28,272	28,287	28,204	28,212	28,252	28,321	28,374	29,861	29,793	29,853	30,212
Retained Earnings	-5,005	-4,743	-4,433	-3,946	-3,728	-3,583	-3,240	-2,068	-1,642	-2,892	-2,786
Accumulated Other Comprehensive Income / (Loss)	-3,256	-3,178	-3,149	-3,084	-3,108	-3,058	-3,057	-2,977	-2,927	-3,094	-3,024
Noncontrolling Interest	52	55	55	56	52	54	57	-	58	60	65

This table displays calculated financial ratios and metrics derived from Hewlett Packard Enterprise's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	10/31/2014	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.92%	-43.62%	-2.56%	-4.65%	6.86%	-5.57%	-7.39%	2.97%	2.56%	2.24%	3.40%
EBITDA Growth	-12.10%	-7.89%	25.66%	-54.71%	32.40%	-12.77%	-43.25%	170.57%	-47.11%	46.48%	0.78%
EBIT Growth	-21.84%	-13.68%	86.84%	-91.77%	523.49%	-28.26%	-132.26%	877.21%	-80.22%	200.30%	4.43%
NOPAT Growth	-18.68%	54.83%	23.28%	-72.38%	1,342.44%	-93.40%	-126.76%	569.61%	-28.35%	144.81%	0.83%
Net Income Growth	-19.65%	49.33%	28.44%	-89.12%	454.65%	-45.02%	-130.70%	1,164.29%	-74.67%	133.29%	27.36%
EPS Growth	-19.64%	49.33%	28.44%	-88.46%	485.71%	-37.40%	-132.47%	1,132.00%	-74.42%	133.33%	25.32%
Operating Cash Flow Growth	-20.92%	-47.03%	38.10%	-73.60%	122.02%	34.85%	-43.96%	162.10%	-21.77%	-3.59%	-1.96%
Free Cash Flow Firm Growth	0.00%	97.15%	2,216.40%	-110.48%	665.45%	-83.49%	-144.33%	39.77%	464.84%	-58.55%	101.42%
Invested Capital Growth	0.00%	10.04%	-43.97%	13.81%	2.81%	-4.50%	2.69%	6.34%	-4.43%	4.13%	0.95%
Revenue Q/Q Growth	0.00%	0.00%	39.82%	29.74%	0.94%	-2.45%	-0.03%	0.53%	1.85%	-1.75%	3.81%
EBITDA Q/Q Growth	0.00%	0.00%	-4.56%	-19.86%	33.39%	-6.37%	-16.89%	67.53%	-48.84%	24.12%	5.80%
EBIT Q/Q Growth	0.00%	0.00%	-6.15%	-68.23%	161.32%	-14.93%	-926.92%	256.67%	-81.83%	75.98%	14.91%
NOPAT Q/Q Growth	0.00%	0.00%	-33.13%	248.23%	2,231.57%	506.29%	-256,519.97%	15.88%	-44.55%	87.26%	7.27%
Net Income Q/Q Growth	0.00%	0.00%	-25.52%	181.97%	-40.17%	657.98%	-32,300.00%	232.40%	-76.70%	87.67%	39.03%
EPS Q/Q Growth	0.00%	0.00%	-25.52%	200.00%	-41.71%	650.00%	-1,150.00%	230.77%	-76.60%	87.80%	37.86%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	95.36%	-52.56%	20.05%	2.72%	-23.42%	60.32%	1.77%	-4.18%	-15.77%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-5,434.69%	58.49%	-43.96%	-23.93%	-479.17%	241.78%	15.61%	-35.43%
Invested Capital Q/Q Growth	0.00%	0.00%	-36.11%	-27.90%	-6.80%	3.14%	2.83%	5.99%	-8.64%	-5.87%	-2.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.37%	32.38%	32.28%	30.94%	30.82%	33.60%	31.39%	33.75%	34.45%	36.46%	34.43%
EBITDA Margin	11.59%	18.93%	24.42%	11.60%	14.37%	13.28%	8.14%	21.38%	11.02%	15.79%	15.39%
Operating Margin	4.24%	6.26%	12.89%	1.95%	5.63%	4.37%	-1.22%	4.07%	2.74%	7.17%	7.27%
EBIT Margin	4.07%	6.23%	11.95%	1.03%	6.02%	4.58%	-1.59%	12.03%	2.32%	6.81%	6.88%
Profit (Net Income) Margin	2.99%	7.92%	10.44%	1.19%	6.18%	3.60%	-1.19%	12.33%	3.05%	6.95%	8.56%
Tax Burden Percent	73.44%	127.18%	81.89%	126.47%	711.94%	67.55%	72.85%	95.54%	99.09%	90.81%	87.33%
Interest Burden Percent	100.00%	99.90%	106.66%	91.28%	14.42%	116.50%	102.79%	107.33%	132.53%	112.34%	142.45%
Effective Tax Rate	26.56%	-36.43%	16.14%	-60.29%	-650.75%	32.45%	0.00%	4.46%	0.91%	9.19%	12.67%
Return on Invested Capital (ROIC)	9.47%	6.98%	10.52%	3.79%	50.58%	3.37%	-0.91%	4.09%	2.91%	7.13%	7.02%
ROIC Less NNEP Spread (ROIC-NNEP)	23.69%	-0.76%	17.47%	19.21%	-277.76%	6.34%	-1.97%	32.05%	4.30%	9.26%	22.90%
Return on Net Nonoperating Assets (RNNOA)	-0.60%	-0.05%	-0.86%	-2.54%	-42.06%	2.09%	-1.03%	14.89%	1.44%	2.71%	4.17%
Return on Equity (ROE)	8.87%	6.92%	9.66%	1.25%	8.52%	5.46%	-1.94%	18.98%	4.35%	9.84%	11.18%
Cash Return on Invested Capital (CROIC)	-190.53%	-2.58%	66.88%	-9.13%	47.81%	7.97%	-3.57%	-2.06%	7.44%	3.09%	6.07%
Operating Return on Assets (OROA)	3.45%	2.67%	4.54%	0.42%	3.18%	2.48%	-0.81%	5.98%	1.15%	3.47%	3.23%
Return on Assets (ROA)	2.53%	3.39%	3.96%	0.49%	3.26%	1.96%	-0.61%	6.14%	1.51%	3.54%	4.02%
Return on Common Equity (ROCE)	8.77%	6.85%	9.59%	1.25%	8.51%	5.45%	-1.93%	18.93%	4.34%	9.82%	11.16%
Return on Equity Simple (ROE_SIMPLE)	4.48%	7.34%	10.05%	1.47%	8.98%	6.14%	-2.01%	17.16%	4.37%	9.56%	10.39%
Net Operating Profit after Tax (NOPAT)	1,715	2,655	3,273	904	13,040	861	-230	1,082	775	1,897	1,913
NOPAT Margin	3.11%	8.54%	10.81%	3.13%	42.27%	2.95%	-0.85%	3.89%	2.72%	6.51%	6.35%
Net Nonoperating Expense Percent (NNEP)	-14.22%	7.74%	-6.95%	-15.43%	328.34%	-2.97%	1.06%	-27.96%	-1.39%	-2.13%	-15.88%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	2.39%	5.65%	4.44%
Cost of Revenue to Revenue	71.63%	67.62%	67.72%	69.06%	69.18%	66.40%	68.61%	66.25%	65.55%	63.54%	65.57%
SG&A Expenses to Revenue	15.81%	16.55%	17.77%	17.36%	15.95%	16.84%	17.14%	17.74%	17.34%	17.71%	16.17%
R&D to Revenue	3.99%	5.39%	5.66%	5.16%	5.40%	6.32%	6.95%	7.12%	7.18%	8.06%	7.46%
Operating Expenses to Revenue	24.13%	26.12%	19.39%	28.99%	25.19%	29.23%	32.61%	29.67%	31.70%	29.29%	27.16%
Earnings before Interest and Taxes (EBIT)	2,244	1,937	3,619	298	1,858	1,333	-430	3,342	661	1,985	2,073
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,388	5,884	7,394	3,349	4,434	3,868	2,195	5,939	3,141	4,601	4,637
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.95	0.78	0.87	1.07	0.62	0.88	0.87	0.91	1.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	2.03	3.71	6.37	0.00	0.00	27.41	10.02	7.55	4.07
Price to Revenue (P/Rev)	0.00	0.00	0.99	0.63	0.60	0.63	0.37	0.63	0.61	0.66	0.84
Price to Earnings (P/E)	0.00	0.00	9.44	52.98	9.73	17.42	0.00	5.14	19.95	9.47	9.91
Dividend Yield	0.00%	0.00%	1.23%	2.39%	2.97%	3.22%	6.25%	3.56%	3.57%	3.21%	2.67%
Earnings Yield	0.00%	0.00%	10.60%	1.89%	10.28%	5.74%	0.00%	19.45%	5.01%	10.56%	10.09%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	1.34	0.79	0.90	1.05	0.76	0.91	0.90	0.93	1.02
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.99	0.70	0.76	0.90	0.72	0.90	0.82	0.86	0.92
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	4.05	6.03	5.29	6.76	8.87	4.19	7.47	5.46	6.01
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	8.28	67.73	12.63	19.61	0.00	7.45	35.49	12.66	13.43
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	9.15	22.33	1.80	30.37	0.00	23.03	30.27	13.24	14.56
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	5.93	15.12	7.92	6.54	8.69	4.24	5.11	5.67	6.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	1.44	0.00	1.90	12.84	0.00	0.00	11.83	30.57	16.82
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.47	0.50	0.60	0.57	0.81	0.99	0.67	0.63	0.58	0.73
Long-Term Debt to Equity	0.01	0.45	0.39	0.43	0.48	0.55	0.76	0.49	0.39	0.35	0.54
Financial Leverage	-0.03	0.07	-0.05	-0.13	0.15	0.33	0.52	0.46	0.34	0.29	0.18
Leverage Ratio	1.75	2.04	2.44	2.56	2.61	2.79	3.18	3.09	2.88	2.78	2.78
Compound Leverage Factor	1.75	2.04	2.60	2.34	0.38	3.25	3.27	3.32	3.81	3.12	3.97
Debt to Total Capital	3.58%	31.77%	33.24%	37.38%	36.33%	44.63%	49.76%	40.19%	38.50%	36.78%	42.31%
Short-Term Debt to Total Capital	2.32%	1.39%	7.47%	10.26%	6.00%	14.29%	11.72%	10.61%	14.25%	14.49%	11.00%
Long-Term Debt to Total Capital	1.26%	30.38%	25.77%	27.13%	30.33%	30.34%	38.04%	29.57%	24.26%	22.29%	31.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.03%	0.77%	0.15%	0.10%	0.10%	0.16%	0.15%	0.14%	0.00%	0.17%	0.15%
Common Equity to Total Capital	95.40%	67.46%	66.61%	62.51%	63.56%	55.21%	50.10%	59.68%	61.36%	63.05%	57.54%
Debt to EBITDA	0.22	2.68	2.12	4.19	2.74	3.57	7.26	2.26	3.97	2.69	3.93
Net Debt to EBITDA	-0.15	1.01	0.01	0.57	1.10	2.02	4.35	1.22	1.96	1.28	0.53
Long-Term Debt to EBITDA	0.08	2.57	1.65	3.04	2.29	2.43	5.55	1.67	2.50	1.63	2.91
Debt to NOPAT	0.80	5.95	4.79	15.52	0.93	16.06	-69.22	12.43	16.09	6.51	9.54
Net Debt to NOPAT	-0.55	2.24	0.02	2.12	0.37	9.08	-41.42	6.70	7.93	3.10	1.29
Long-Term Debt to NOPAT	0.28	5.69	3.72	11.26	0.78	10.92	-52.91	9.15	10.13	3.95	7.06
Altman Z-Score	0.00	0.00	1.05	0.66	0.84	0.66	0.36	0.78	0.63	0.79	0.93
Noncontrolling Interest Sharing Ratio	1.07%	1.10%	0.69%	0.20%	0.17%	0.22%	0.29%	0.26%	0.23%	0.25%	0.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.11	1.36	1.28	1.13	1.00	0.79	0.88	0.91	0.88	0.87	1.29
Quick Ratio	0.69	0.97	0.87	0.85	0.67	0.54	0.61	0.58	0.51	0.52	0.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-34,517	-983	20,804	-2,180	12,326	2,036	-902	-543	1,983	822	1,656
Operating Cash Flow to CapEx	229.30%	123.52%	178.66%	54.31%	159.18%	176.94%	133.33%	273.32%	182.26%	198.92%	217.38%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-726.65	7.57	0.00	-11.42	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	445.00	1.82	0.00	28.35	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-374.33	0.68	0.00	7.09	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.85	0.43	0.38	0.41	0.53	0.54	0.51	0.50	0.50	0.51	0.47
Accounts Receivable Turnover	6.54	3.66	5.18	9.28	6.34	6.06	5.32	4.98	7.05	7.69	8.57
Inventory Turnover	20.96	10.30	10.47	9.88	8.96	8.00	7.32	5.12	3.86	3.79	3.18
Fixed Asset Turnover	6.47	3.38	3.72	4.57	4.97	4.78	4.62	0.00	0.00	4.95	5.17
Accounts Payable Turnover	8.08	3.92	3.81	3.62	3.51	3.31	3.37	2.97	2.38	2.34	2.17
Days Sales Outstanding (DSO)	55.77	99.60	70.45	39.34	57.57	60.23	68.56	73.30	51.75	47.49	42.59
Days Inventory Outstanding (DIO)	17.42	35.45	34.87	36.94	40.72	45.60	49.89	71.23	94.49	96.29	114.72
Days Payable Outstanding (DPO)	45.19	93.08	95.87	100.85	104.01	110.25	108.22	122.81	153.59	156.28	168.14
Cash Conversion Cycle (CCC)	28.00	41.98	9.45	-24.57	-5.73	-4.42	10.23	21.72	-7.35	-12.49	-10.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	36,232	39,870	22,339	25,423	26,137	24,962	25,634	27,259	26,051	27,126	27,383
Invested Capital Turnover	3.04	0.82	0.97	1.21	1.20	1.14	1.07	1.05	1.07	1.10	1.11
Increase / (Decrease) in Invested Capital	36,232	3,638	-17,531	3,084	714	-1,175	672	1,625	-1,208	1,075	257
Enterprise Value (EV)	0.00	0.00	29,958	20,184	23,466	26,136	19,464	24,911	23,458	25,124	27,846
Market Capitalization	0.00	0.00	29,830	18,227	18,568	18,272	9,879	17,623	17,316	19,180	25,311
Book Value per Share	$20.31	$18.59	$18.88	$14.49	$14.43	$13.10	$12.48	$15.27	$15.44	$16.51	$19.11
Tangible Book Value per Share	$4.84	$2.41	$8.82	$3.03	$1.98	($1.79)	($2.39)	$0.49	$1.34	$1.98	$4.79
Total Capital	38,551	49,712	47,211	37,537	33,415	30,969	32,037	33,465	32,374	33,593	43,126
Total Debt	1,379	15,794	15,693	14,032	12,141	13,820	15,941	13,448	12,465	12,355	18,246
Total Long-Term Debt	485	15,103	12,168	10,182	10,136	9,395	12,186	9,896	7,853	7,487	13,504
Net Debt	-940	5,952	58	1,918	4,863	7,813	9,538	7,242	6,142	5,888	2,471
Capital Expenditures (CapEx)	3,014	2,964	2,830	2,458	1,862	2,259	1,680	2,148	2,520	2,226	1,997
Debt-free, Cash-free Net Working Capital (DFCFNWC)	846	-1,180	-3,074	-3,209	-2,801	-3,344	-2,660	-2,253	-2,219	-2,336	-2,620
Debt-free Net Working Capital (DFNWC)	3,165	8,662	9,913	6,370	2,079	409	1,573	1,743	1,944	1,934	12,226
Net Working Capital (NWC)	2,271	7,971	6,388	2,520	74	-4,016	-2,182	-1,809	-2,668	-2,934	7,484
Net Nonoperating Expense (NNE)	67	194	112	560	11,132	-188	92	-2,345	-93	-128	-666
Net Nonoperating Obligations (NNO)	-940	5,952	-9,179	1,918	4,863	7,813	9,538	7,242	6,142	5,888	2,503
Total Depreciation and Amortization (D&A)	4,144	3,947	3,775	3,051	2,576	2,535	2,625	2,597	2,480	2,616	2,564
Debt-free, Cash-free Net Working Capital to Revenue	1.53%	-3.80%	-10.15%	-11.12%	-9.08%	-11.48%	-9.86%	-8.11%	-7.79%	-8.02%	-8.70%
Debt-free Net Working Capital to Revenue	5.74%	27.87%	32.74%	22.06%	6.74%	1.40%	5.83%	6.27%	6.82%	6.64%	40.58%
Net Working Capital to Revenue	4.12%	25.65%	21.10%	8.73%	0.24%	-13.78%	-8.09%	-6.51%	-9.36%	-10.07%	24.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.02	$1.38	$0.21	$0.00	$0.78	($0.25)	$2.62	$0.67	$1.56	$1.95
Adjusted Weighted Average Basic Shares Outstanding	0.00	2.33B	2.22B	1.65B	0.00	1.35B	1.29B	1.31B	1.30B	1.30B	1.31B
Adjusted Diluted Earnings per Share	$0.00	$1.00	$1.36	$0.21	$0.00	$0.77	($0.25)	$2.58	$0.66	$1.54	$1.93
Adjusted Weighted Average Diluted Shares Outstanding	0.00	2.45B	2.32B	1.67B	0.00	1.37B	1.29B	1.33B	1.32B	1.32B	1.34B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.78	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	2.33B	2.22B	1.59B	0.00	1.29B	1.29B	1.29B	1.28B	1.30B	1.32B
Normalized Net Operating Profit after Tax (NOPAT)	2,803	1,559	3,744	809	1,348	1,372	431	1,131	1,738	1,961	2,097
Normalized NOPAT Margin	5.09%	5.02%	12.37%	2.80%	4.37%	4.71%	1.60%	4.07%	6.10%	6.73%	6.96%
Pre Tax Income Margin	4.07%	6.23%	12.75%	0.94%	0.87%	5.33%	-1.64%	12.91%	3.07%	7.65%	9.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	99.33	1.14	0.00	-5.44	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	301.35	8.01	0.00	-2.92	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-720.00	0.00	0.00	-26.71	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-517.98	6.87	0.00	-24.18	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.25%	1.30%	11.80%	124.42%	30.35%	57.96%	-194.10%	18.76%	72.24%	30.57%	26.52%
Augmented Payout Ratio	2.25%	1.30%	96.01%	867.44%	217.35%	272.35%	-304.35%	24.98%	131.22%	51.36%	32.34%

This table displays calculated financial ratios and metrics derived from Hewlett Packard Enterprise's official financial filings.

Metric	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.18%	3.87%	0.73%	-6.61%	-13.50%	3.31%	10.11%	15.06%	129.79%	5.87%	18.50%
EBITDA Growth	12.74%	30.09%	9.94%	539.89%	-10.40%	-7.03%	3.85%	17.47%	20.20%	-147.46%	-18.71%
EBIT Growth	22.29%	94.65%	16.92%	210.00%	-22.65%	-14.80%	15.55%	44.21%	63.84%	-365.51%	-52.15%
NOPAT Growth	1.95%	122.08%	-0.74%	349.85%	-11.49%	-27.98%	12.97%	12.68%	-11.95%	-358.86%	-43.21%
Net Income Growth	-2.34%	67.20%	13.45%	311.18%	-22.75%	-24.88%	10.34%	112.77%	206.98%	-434.39%	-40.43%
EPS Growth	-2.56%	68.42%	12.90%	313.04%	-23.68%	-25.00%	8.57%	108.16%	51.72%	-441.67%	-44.74%
Operating Cash Flow Growth	-990.79%	134.56%	21.61%	-6.36%	107.72%	22.95%	-24.33%	-28.60%	-709.38%	-142.18%	13.08%
Free Cash Flow Firm Growth	124.81%	115.82%	104.43%	-149.67%	-30.08%	112.64%	1,074.33%	185.26%	-140.24%	-256.03%	-1,247.88%
Invested Capital Growth	-0.32%	-0.20%	1.06%	4.13%	0.09%	-2.47%	-2.71%	0.95%	1.88%	2.86%	51.77%
Revenue Q/Q Growth	-0.79%	-10.71%	0.42%	4.98%	-8.11%	6.65%	7.02%	9.70%	83.52%	-50.86%	19.79%
EBITDA Q/Q Growth	398.37%	-7.94%	-0.62%	1.97%	-3.95%	-4.48%	11.00%	15.34%	-1.72%	-137.72%	290.12%
EBIT Q/Q Growth	251.47%	-16.28%	-2.11%	4.54%	-9.71%	-7.78%	32.75%	30.47%	2.58%	-249.44%	123.93%
NOPAT Q/Q Growth	300.28%	-12.39%	-2.08%	45.41%	-29.05%	-28.71%	53.60%	45.03%	-44.56%	-309.59%	133.70%
Net Income Q/Q Growth	264.80%	-16.57%	11.00%	38.36%	-39.72%	-18.86%	63.06%	166.80%	-13.03%	-188.38%	129.05%
EPS Q/Q Growth	265.22%	-15.79%	9.38%	40.00%	-40.82%	-17.24%	58.33%	168.42%	-56.86%	-286.36%	125.61%
Operating Cash Flow Q/Q Growth	-127.31%	207.24%	71.54%	86.43%	-97.75%	1,607.81%	5.58%	75.91%	-119.21%	-18.21%	383.08%
Free Cash Flow Firm Q/Q Growth	-41.56%	-16.19%	-77.76%	-555.98%	182.27%	154.85%	22.83%	-66.89%	-138.83%	-888.18%	-803.60%
Invested Capital Q/Q Growth	8.38%	1.77%	0.29%	-5.87%	4.17%	-0.83%	0.04%	-2.33%	5.13%	0.13%	47.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.04%	37.32%	37.30%	36.35%	38.13%	34.69%	33.26%	32.32%	65.01%	28.44%	29.25%
EBITDA Margin	15.64%	16.12%	15.95%	15.49%	16.20%	14.51%	15.05%	15.82%	8.47%	-6.50%	10.32%
Operating Margin	7.57%	7.46%	6.73%	6.90%	7.77%	5.90%	7.09%	8.19%	2.79%	-14.54%	2.70%
EBIT Margin	7.24%	6.78%	6.61%	6.58%	6.47%	5.59%	6.94%	8.25%	4.61%	-14.03%	2.80%
Profit (Net Income) Margin	6.42%	5.99%	6.63%	8.73%	5.73%	4.36%	6.64%	16.15%	7.65%	-13.77%	3.34%
Tax Burden Percent	80.42%	80.08%	86.57%	116.94%	80.12%	70.56%	84.21%	96.40%	162.07%	100.48%	105.90%
Interest Burden Percent	110.27%	110.36%	115.77%	113.43%	110.53%	110.42%	113.64%	203.01%	102.37%	97.66%	112.50%
Effective Tax Rate	19.58%	19.92%	13.43%	-16.94%	19.88%	29.44%	15.79%	3.60%	14.46%	0.00%	-5.90%
Return on Invested Capital (ROIC)	6.32%	6.15%	6.02%	8.84%	6.19%	4.15%	6.10%	8.73%	3.25%	-14.08%	3.31%
ROIC Less NNEP Spread (ROIC-NNEP)	6.63%	6.17%	6.73%	9.65%	5.74%	4.35%	6.83%	25.37%	19.14%	-18.97%	3.67%
Return on Net Nonoperating Assets (RNNOA)	2.65%	2.48%	2.60%	2.82%	2.07%	1.51%	2.24%	4.62%	4.21%	-4.65%	1.89%
Return on Equity (ROE)	8.96%	8.63%	8.63%	11.66%	8.26%	5.66%	8.34%	13.35%	7.47%	-18.73%	5.19%
Cash Return on Invested Capital (CROIC)	3.11%	3.73%	2.48%	3.09%	6.46%	8.60%	9.02%	6.07%	4.62%	-1.13%	-40.45%
Operating Return on Assets (OROA)	3.74%	3.59%	3.44%	3.36%	3.18%	2.75%	3.43%	3.87%	2.78%	-8.65%	1.65%
Return on Assets (ROA)	3.32%	3.17%	3.44%	4.45%	2.82%	2.14%	3.29%	7.58%	4.62%	-8.49%	1.97%
Return on Common Equity (ROCE)	8.94%	8.61%	8.60%	11.63%	8.24%	5.64%	8.32%	13.31%	7.45%	-18.68%	5.18%
Return on Equity Simple (ROE_SIMPLE)	4.28%	5.03%	5.23%	0.00%	8.92%	8.33%	8.40%	0.00%	13.40%	8.45%	0.00%
Net Operating Profit after Tax (NOPAT)	475	416	408	593	421	300	461	668	370	-776	262
NOPAT Margin	6.09%	5.97%	5.82%	8.07%	6.23%	4.16%	5.97%	7.90%	2.39%	-10.18%	2.86%
Net Nonoperating Expense Percent (NNEP)	-0.32%	-0.02%	-0.70%	-0.82%	0.45%	-0.19%	-0.73%	-16.64%	-15.88%	4.89%	-0.36%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	1.76%	1.23%	-	-	1.55%	0.86%	-1.87%	0.54%
Cost of Revenue to Revenue	64.96%	62.68%	62.70%	63.65%	61.87%	65.31%	66.74%	67.68%	34.99%	71.56%	70.75%
SG&A Expenses to Revenue	16.10%	18.20%	18.59%	18.12%	18.00%	16.87%	15.94%	14.32%	8.17%	17.02%	16.37%
R&D to Revenue	7.98%	8.17%	8.25%	7.86%	8.62%	8.19%	7.09%	6.23%	3.06%	7.08%	6.81%
Operating Expenses to Revenue	27.47%	29.86%	30.58%	29.45%	30.36%	28.79%	26.16%	24.13%	59.81%	42.98%	26.54%
Earnings before Interest and Taxes (EBIT)	565	473	463	484	437	403	535	698	716	-1,070	256
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,221	1,124	1,117	1,139	1,094	1,045	1,160	1,338	1,315	-496	943
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.99	0.88	1.06	0.91	0.89	1.01	1.17	1.02	1.11	0.89	1.11
Price to Tangible Book Value (P/TBV)	10.33	9.15	11.47	7.55	6.71	6.91	7.16	4.07	4.20	3.21	0.00
Price to Revenue (P/Rev)	0.67	0.61	0.74	0.66	0.68	0.78	0.89	0.84	0.72	0.54	0.67
Price to Earnings (P/E)	23.11	17.49	20.22	9.47	9.99	12.16	13.95	9.91	8.22	10.66	15.40
Dividend Yield	3.11%	3.47%	2.84%	3.21%	3.29%	2.96%	2.56%	2.67%	2.45%	3.21%	2.51%
Earnings Yield	4.33%	5.72%	4.94%	10.56%	10.01%	8.23%	7.17%	10.09%	12.17%	9.38%	6.49%
Enterprise Value to Invested Capital (EV/IC)	0.99	0.91	1.04	0.93	0.92	1.01	1.13	1.02	1.09	0.91	1.06
Enterprise Value to Revenue (EV/Rev)	0.95	0.89	1.01	0.86	0.92	1.00	1.10	0.92	0.81	0.67	1.11
Enterprise Value to EBITDA (EV/EBITDA)	8.37	7.29	8.10	5.46	5.80	6.52	7.25	6.01	6.47	7.92	14.61
Enterprise Value to EBIT (EV/EBIT)	33.70	24.77	26.61	12.66	13.97	16.35	17.61	13.43	13.37	29.88	75.50
Enterprise Value to NOPAT (EV/NOPAT)	35.58	25.95	29.63	13.24	14.02	16.36	17.82	14.56	17.02	54.83	191.52
Enterprise Value to Operating Cash Flow (EV/OCF)	7.29	6.04	6.50	5.67	4.88	5.12	6.17	6.41	8.09	11.26	18.24
Enterprise Value to Free Cash Flow (EV/FCFF)	31.86	24.53	42.22	30.57	14.21	11.59	12.39	16.82	23.88	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.64	0.66	0.65	0.58	0.60	0.52	0.53	0.73	0.71	0.73	0.97
Long-Term Debt to Equity	0.38	0.41	0.43	0.35	0.37	0.34	0.36	0.54	0.53	0.52	0.69
Financial Leverage	0.40	0.40	0.39	0.29	0.36	0.35	0.33	0.18	0.22	0.25	0.51
Leverage Ratio	2.81	2.73	2.76	2.78	2.75	2.73	2.74	2.78	2.76	2.79	2.97
Compound Leverage Factor	3.09	3.01	3.19	3.15	3.04	3.02	3.11	5.65	2.82	2.73	3.34
Debt to Total Capital	39.18%	39.58%	39.24%	36.78%	37.35%	34.12%	34.78%	42.31%	41.42%	42.28%	49.15%
Short-Term Debt to Total Capital	16.21%	14.81%	13.18%	14.49%	14.47%	11.42%	11.39%	11.00%	10.67%	12.43%	14.13%
Long-Term Debt to Total Capital	22.97%	24.77%	26.05%	22.29%	22.88%	22.70%	23.39%	31.31%	30.75%	29.86%	35.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.16%	0.16%	0.16%	0.17%	0.15%	0.16%	0.17%	0.15%	0.13%	0.14%	0.14%
Common Equity to Total Capital	60.66%	60.26%	60.60%	63.05%	62.50%	65.71%	65.05%	57.54%	58.44%	57.57%	50.71%
Debt to EBITDA	3.86	3.71	3.60	2.69	2.86	2.59	2.69	3.93	3.68	5.28	7.63
Net Debt to EBITDA	2.44	2.31	2.20	1.28	1.52	1.45	1.33	0.53	0.72	1.48	5.83
Long-Term Debt to EBITDA	2.26	2.32	2.39	1.63	1.75	1.73	1.81	2.91	2.73	3.73	5.44
Debt to NOPAT	16.42	13.21	13.18	6.51	6.92	6.50	6.62	9.54	9.68	36.59	100.00
Net Debt to NOPAT	10.38	8.21	8.04	3.10	3.67	3.63	3.28	1.29	1.90	10.22	76.45
Long-Term Debt to NOPAT	9.63	8.27	8.75	3.95	4.24	4.33	4.45	7.06	7.19	25.84	71.26
Altman Z-Score	0.70	0.69	0.76	0.70	0.67	0.71	0.80	0.87	1.06	0.88	0.77
Noncontrolling Interest Sharing Ratio	0.24%	0.26%	0.26%	0.25%	0.25%	0.26%	0.26%	0.26%	0.24%	0.25%	0.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.85	0.87	0.88	0.87	0.89	0.90	0.94	1.29	1.33	1.29	0.95
Quick Ratio	0.49	0.50	0.50	0.52	0.49	0.43	0.47	0.86	0.83	0.79	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	567	475	106	-482	397	1,011	1,242	411	-160	-1,577	-14,252
Operating Cash Flow to CapEx	-130.55%	147.67%	268.01%	676.90%	11.43%	249.54%	239.92%	391.89%	-87.84%	-98.72%	268.52%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.53	0.52	0.51	0.49	0.49	0.49	0.47	0.60	0.62	0.59
Accounts Receivable Turnover	7.69	8.67	8.70	7.69	7.04	7.50	7.95	8.57	10.76	10.16	8.57
Inventory Turnover	3.91	4.04	3.84	3.79	3.30	3.15	3.12	3.18	2.87	2.81	3.08
Fixed Asset Turnover	5.11	5.14	5.06	4.95	4.69	4.79	4.91	5.17	6.82	7.01	6.87
Accounts Payable Turnover	2.98	3.49	3.11	2.34	2.40	2.35	2.43	2.17	2.23	2.23	2.44
Days Sales Outstanding (DSO)	47.47	42.12	41.94	47.49	51.88	48.67	45.94	42.59	33.93	35.92	42.61
Days Inventory Outstanding (DIO)	93.30	90.35	95.16	96.29	110.76	115.88	116.81	114.72	127.07	130.08	118.65
Days Payable Outstanding (DPO)	122.50	104.71	117.50	156.28	151.85	155.47	149.97	168.14	163.96	163.93	149.87
Cash Conversion Cycle (CCC)	18.27	27.75	19.60	-12.49	10.78	9.09	12.78	-10.84	-2.96	2.07	11.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	28,234	28,735	28,817	27,126	28,258	28,024	28,036	27,383	28,788	28,825	42,550
Invested Capital Turnover	1.04	1.03	1.03	1.10	0.99	1.00	1.02	1.11	1.36	1.38	1.15
Increase / (Decrease) in Invested Capital	-92	-59	302	1,075	24	-711	-781	257	530	801	14,514
Enterprise Value (EV)	28,007	26,280	30,018	25,124	25,941	28,311	31,776	27,846	31,436	26,264	45,298
Market Capitalization	19,784	17,911	21,823	19,180	19,099	21,967	25,876	25,311	27,872	21,306	27,150
Book Value per Share	$15.61	$15.72	$15.97	$16.51	$16.46	$16.68	$16.99	$19.11	$19.18	$18.17	$18.60
Tangible Book Value per Share	$1.49	$1.51	$1.47	$1.98	$2.19	$2.44	$2.78	$4.79	$5.04	$5.05	($4.57)
Total Capital	32,989	33,797	34,029	33,593	34,265	32,991	33,937	43,126	43,159	41,457	48,120
Total Debt	12,926	13,376	13,352	12,355	12,797	11,257	11,803	18,246	17,877	17,530	23,653
Total Long-Term Debt	7,577	8,372	8,866	7,487	7,840	7,490	7,939	13,504	13,272	12,378	16,854
Net Debt	8,171	8,314	8,140	5,888	6,790	6,290	5,843	2,471	3,506	4,898	18,083
Capital Expenditures (CapEx)	635	602	569	420	560	438	481	518	444	467	486
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-423	-468	-948	-2,336	-1,192	-1,232	-1,238	-2,620	-718	518	883
Debt-free Net Working Capital (DFNWC)	2,107	2,313	1,971	1,934	2,566	1,444	2,404	12,226	12,713	12,185	5,454
Net Working Capital (NWC)	-3,242	-2,691	-2,515	-2,934	-2,391	-2,323	-1,460	7,484	8,108	7,033	-1,345
Net Nonoperating Expense (NNE)	-26	-1.60	-56	-49	34	-14	-51	-698	-818	274	-43
Net Nonoperating Obligations (NNO)	8,171	8,314	8,140	5,888	6,790	6,290	5,902	2,503	3,506	4,898	18,083
Total Depreciation and Amortization (D&A)	656	651	654	655	657	642	625	640	599	574	687
Debt-free, Cash-free Net Working Capital to Revenue	-1.44%	-1.58%	-3.20%	-8.02%	-4.24%	-4.35%	-4.27%	-8.70%	-1.85%	1.32%	2.17%
Debt-free Net Working Capital to Revenue	7.18%	7.81%	6.65%	6.64%	9.14%	5.10%	8.28%	40.58%	32.69%	30.99%	13.39%
Net Working Capital to Revenue	-11.05%	-9.09%	-8.48%	-10.07%	-8.51%	-8.21%	-5.03%	24.84%	20.85%	17.89%	-3.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.39	$0.32	$0.36	$0.49	$0.30	$0.24	$0.39	$1.02	$0.45	($0.82)	$0.21
Adjusted Weighted Average Basic Shares Outstanding	1.30B	1.30B	1.30B	1.30B	1.30B	1.31B	1.31B	1.31B	1.32B	1.32B	1.33B
Adjusted Diluted Earnings per Share	$0.38	$0.32	$0.35	$0.49	$0.29	$0.24	$0.38	$1.02	$0.44	($0.82)	$0.21
Adjusted Weighted Average Diluted Shares Outstanding	1.32B	1.32B	1.32B	1.32B	1.32B	1.33B	1.33B	1.34B	1.41B	1.32B	1.42B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.30B	1.29B	1.28B	1.30B	1.30B	1.30B	1.30B	1.32B	1.31B	1.31B	1.32B
Normalized Net Operating Profit after Tax (NOPAT)	485	434	427	365	455	332	496	745	427	215	300
Normalized NOPAT Margin	6.21%	6.22%	6.10%	4.96%	6.74%	4.61%	6.43%	8.81%	2.75%	2.82%	3.28%
Pre Tax Income Margin	7.98%	7.49%	7.66%	7.47%	7.15%	6.18%	7.89%	16.75%	4.72%	-13.70%	3.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	73.36%	61.23%	57.92%	30.57%	33.49%	36.19%	36.06%	26.52%	21.04%	36.81%	42.73%
Augmented Payout Ratio	126.64%	110.45%	103.71%	51.36%	51.86%	52.24%	44.42%	32.34%	26.92%	46.92%	51.13%

Key Financial Trends

Hewlett Packard Enterprise (HPE) has shown mixed but generally improving financial performance over the last few quarters leading up to Q3 2025.

Positive Trends:

In Q3 2025, HPE reported consolidated net income of $305 million, a significant turnaround from a loss of $1.05 billion in Q2 2025, demonstrating improved profitability.
Operating revenue in Q3 2025 increased to $9.14 billion from $7.63 billion in Q2 2025, indicating strong top-line growth quarter-over-quarter.
Net cash from continuing operating activities rebounded to positive $1.3 billion in Q3 2025, compared to a negative cash flow from operations in Q2 2025, suggesting better operational cash generation.
Total assets increased from approximately $67.85 billion in Q2 2025 to $77.34 billion in Q3 2025, reflecting growth in the company's asset base.
Total equity increased from $23.93 billion in Q2 2025 to $24.47 billion in Q3 2025, showing strengthening of shareholder value despite some fluctuations in liabilities.
Dividend payments remained steady around $200 million per quarter, signaling management’s commitment to returning cash to shareholders.
Earnings per share improved significantly to a diluted EPS of $0.21 in Q3 2025, up from a loss of $0.82 in Q2 2025, which is favorable for shareholders.
The company continues to invest in capital expenditures with purchase of property, plant, and equipment totaling $576 million in Q3 2025, supporting future growth.

Neutral Observations:

HPE maintains significant long-term debt, increasing from $12.4 billion in Q2 2025 to $16.85 billion in Q3 2025, reflecting ongoing leverage management.
Goodwill and intangible assets constitute a large part of non-current assets, around $30 billion combined as of Q3 2025, indicating reliance on acquisitions and intangible capital.

Negative Trends or Areas to Watch:

The company experienced large swings in net income, including a $1.05 billion loss in Q2 2025, illustrating some volatility in earnings.
Net cash from investing activities showed a large outflow of about $12.6 billion in Q3 2025, mainly from investments and capital expenditures, which could pressure cash reserves.
Despite improved operating cash flow, the net change in cash and equivalents fell sharply by $7.09 billion in Q3 2025, possibly tied to financing activities and investment outflows.
Restructuring charges and other operating expenses have occasionally been elevated, impacting operating margins in prior quarters.
Total liabilities increased significantly from $43.9 billion in Q2 2025 to $52.87 billion in Q3 2025, pointing to higher financial obligations and potential risk.

Overall, HPE shows signs of recovering from a challenging Q2 in 2025 with improving revenues, profitability, and operational cash flow in Q3. However, the large investment outflows, rising liabilities, and earnings volatility suggest investors should monitor its debt management and ability to sustain profitability going forward.

09/13/25 04:52 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Hewlett Packard Enterprise's Financials

When does Hewlett Packard Enterprise's fiscal year end?

According to the most recent income statement we have on file, Hewlett Packard Enterprise's financial year ends in October. Their financial year 2024 ended on October 31, 2024.

How has Hewlett Packard Enterprise's net income changed over the last 10 years?

Hewlett Packard Enterprise's net income were at $2.58 billion at the end of 2024, a 27.4% increase from 2023, and a 56.5% increase since 2014. See Hewlett Packard Enterprise's forecast for analyst expectations on what’s next for the company.

What is Hewlett Packard Enterprise's operating income?

Hewlett Packard Enterprise's total operating income in 2024 was $2.19 billion, based on the following breakdown:

Total Gross Profit: $10.37 billion
Total Operating Expenses: $8.18 billion

How has Hewlett Packard Enterprise's revenue changed over the last 10 years?

Over the last 10 years, Hewlett Packard Enterprise's total revenue changed from $55.12 billion in 2014 to $30.13 billion in 2024, a change of -45.3%.

How much debt does Hewlett Packard Enterprise have?

Hewlett Packard Enterprise's total liabilities were at $46.38 billion at the end of 2024, a 29.1% increase from 2023, and a 66.2% increase since 2014.

How much cash does Hewlett Packard Enterprise have?

In the past 10 years, Hewlett Packard Enterprise's cash and equivalents has ranged from $2.32 billion in 2014 to $14.85 billion in 2024, and is currently $14.85 billion as of their latest financial filing in 2024.

How has Hewlett Packard Enterprise's book value per share changed over the last 10 years?

Over the last 10 years, Hewlett Packard Enterprise's book value per share changed from 20.31 in 2014 to 19.11 in 2024, a change of -5.9%.

Related Companies

This page (NYSE:HPE) was last updated on 9/13/2025 by MarketBeat.com Staff

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Hewlett Packard Enterprise (HPE) Financials

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Hewlett Packard Enterprise (HPE) Financials

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