HP (HPQ) Financials

$27.72 +1.15 (+4.31%)

Closing price 03:59 PM Eastern

Extended Trading

$27.76 +0.03 (+0.11%)

As of 07:56 PM Eastern

Annual Income Statements for HP

This table shows HP'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	5,013	4,554	2,496	2,526	5,327	3,152	2,815	6,541	3,132	3,263	2,775
Consolidated Net Income / (Loss)	5,013	4,554	2,496	2,526	5,327	3,152	2,815	6,541	3,132	3,263	2,775
Net Income / (Loss) Continuing Operations	2,924	3,718	2,666	2,526	5,327	3,152	2,815	6,541	3,132	3,263	2,775
Total Pre-Tax Income	3,863	3,532	3,761	3,276	3,013	2,523	3,211	7,568	4,324	2,937	3,279
Total Operating Income	4,256	3,920	3,549	3,368	3,831	3,877	3,442	5,359	4,559	3,456	3,818
Total Gross Profit	11,220	9,939	8,998	9,578	10,669	11,170	10,421	13,407	12,263	11,508	11,818
Total Revenue	56,651	51,463	48,238	52,056	58,472	58,756	56,638	63,460	62,910	53,718	53,559
Operating Revenue	56,651	51,463	48,238	52,056	58,472	58,756	56,638	63,460	62,910	53,718	53,559
Total Cost of Revenue	45,431	41,524	39,240	42,478	47,803	47,586	46,217	50,053	50,647	42,210	41,741
Operating Cost of Revenue	45,431	41,524	39,240	42,478	47,803	47,586	46,217	50,053	50,647	42,210	41,741
Total Operating Expenses	6,964	6,019	5,449	6,210	6,838	7,293	6,979	8,048	7,704	8,052	8,000
Selling, General & Admin Expense	5,361	4,719	3,833	4,532	5,099	5,368	4,901	5,727	5,264	5,357	5,658
Research & Development Expense	1,298	1,191	1,209	1,190	1,404	1,499	1,477	1,848	1,653	1,578	1,640
Amortization Expense	129	102	16	1.00	80	116	113	154	228	350	318
Restructuring Charge	176	64	212	487	255	310	488	319	559	767	384
Total Other Income / (Expense), net	-393	-388	212	-92	-818	-1,354	-231	2,209	-235	-519	-539
Other Income / (Expense), net	-393	-388	212	-92	-818	-1,354	-231	2,209	-235	-519	-539
Income Tax Expense	939	-186	1,095	750	-2,314	-629	396	1,027	1,192	-326	504
Basic Earnings per Share	$2.66	$2.51	$1.44	$1.50	$3.30	$2.08	$1.99	$5.41	$3.02	$3.29	$2.83
Weighted Average Basic Shares Outstanding	1.88B	1.81B	1.73B	1.69B	1.62B	1.52B	1.41B	1.21B	1.04B	992M	979M
Diluted Earnings per Share	$2.62	$2.48	$1.43	$1.48	$3.26	$2.07	$1.98	$5.36	$2.98	$3.26	$2.81
Weighted Average Diluted Shares Outstanding	1.91B	1.84B	1.74B	1.70B	1.63B	1.52B	1.42B	1.22B	1.05B	1B	989M
Weighted Average Basic & Diluted Shares Outstanding	1.88B	1.81B	1.73B	1.68B	1.61B	1.45B	1.29B	1.08B	982.15M	990.90M	937.80M
Cash Dividends to Common per Share	$0.61	$0.67	$0.50	$0.53	$0.56	$0.64	$0.70	$0.78	$1.00	$1.05	$1.10

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/31/2022	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
Net Income / (Loss) Attributable to Common Shareholders	-23	469	1,054	766	974	622	607	640	906	565	406
Consolidated Net Income / (Loss)	-3,246	469	1,054	766	974	622	607	640	906	565	406
Net Income / (Loss) Continuing Operations	-3,246	469	1,054	766	974	622	607	640	906	565	406
Total Pre-Tax Income	647	562	587	936	852	793	797	827	862	704	506
Total Operating Income	741	743	747	952	1,014	935	952	940	991	845	654
Total Gross Profit	2,691	2,787	2,914	2,822	2,985	2,888	3,023	2,906	3,001	2,840	2,739
Total Revenue	14,774	13,798	12,907	13,196	13,817	13,185	12,800	13,519	14,055	13,504	13,220
Operating Revenue	14,774	13,798	12,907	13,196	13,817	13,185	12,800	13,519	14,055	13,504	13,220
Total Cost of Revenue	12,083	11,011	9,993	10,374	10,832	10,297	9,777	10,613	11,054	10,664	10,481
Operating Cost of Revenue	12,083	11,011	9,993	10,374	10,832	10,297	9,777	10,613	11,054	10,664	10,481
Total Operating Expenses	5,173	2,044	2,167	1,870	1,971	1,953	2,071	1,966	2,010	1,995	2,085
Selling, General & Admin Expense	4,121	1,331	1,397	1,302	1,327	1,383	1,462	1,404	1,409	1,459	1,480
Research & Development Expense	382	403	410	354	411	399	436	413	392	397	401
Amortization Expense	178	85	86	91	88	81	80	81	76	63	65
Restructuring Charge	492	225	274	123	145	90	93	68	133	76	139
Total Other Income / (Expense), net	-94	-181	-160	-16	-162	-142	-155	-113	-129	-141	-148
Other Income / (Expense), net	-94	-181	-160	-16	-162	-142	-155	-113	-129	-141	-148
Income Tax Expense	670	93	-467	170	-122	171	190	187	-44	139	100
Basic Earnings per Share	$0.02	$0.47	$1.06	$0.77	$0.99	$0.63	$0.62	$0.65	$0.93	$0.60	$0.43
Weighted Average Basic Shares Outstanding	1.04B	989M	991M	993M	992M	995M	984M	979M	979M	948M	950M
Diluted Earnings per Share	$0.02	$0.47	$1.06	$0.76	$0.97	$0.62	$0.61	$0.65	$0.93	$0.59	$0.42
Weighted Average Diluted Shares Outstanding	1.05B	996M	998M	1.00B	1B	1.00B	990M	990M	989M	957M	956M
Weighted Average Basic & Diluted Shares Outstanding	982.15M	985.12M	985.96M	988.27M	990.90M	980.73M	978.56M	963.72M	937.80M	942.70M	939.27M

This table details how cash moves in and out of HP'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	2,970	2,300	-11,145	709	-1,831	-629	327	-565	-1,154	87	21
Net Cash From Operating Activities	12,333	7,026	3,252	3,677	4,528	4,654	4,316	6,409	4,463	3,571	3,749
Net Cash From Continuing Operating Activities	12,333	7,026	3,252	3,677	4,528	4,654	4,316	6,409	4,463	3,571	3,749
Net Income / (Loss) Continuing Operations	5,013	4,554	2,496	2,526	5,327	3,152	2,815	6,541	3,132	3,263	2,775
Consolidated Net Income / (Loss)	5,013	4,554	2,496	2,526	5,327	3,152	2,815	6,541	3,132	3,263	2,775
Depreciation Expense	4,334	4,061	332	354	528	744	789	785	780	850	830
Non-Cash Adjustments To Reconcile Net Income	2,468	3,152	350	720	719	826	1,137	873	881	845	550
Changes in Operating Assets and Liabilities, net	518	-4,741	74	77	-2,046	-68	-425	-1,790	-330	-1,387	-406
Net Cash From Investing Activities	-2,792	-5,534	48	-1,717	-716	-438	-1,016	-1,012	-3,549	-590	-646
Net Cash From Continuing Investing Activities	-2,792	-5,534	48	-1,717	-716	-438	-1,016	-1,012	-3,549	-590	-646
Purchase of Property, Plant & Equipment	-3,853	-3,603	-433	-402	-546	-671	-580	-582	-765	-593	-592
Acquisitions	-49	-2,644	-7.00	0.00	-1,036	-458	0.00	-854	-2,755	-7.00	-58
Purchase of Investments	-1,086	-259	-126	-1,400	-367	-80	-693	-28	-52	-11	-4.00
Sale and/or Maturity of Investments	1,347	302	133	231	847	771	417	304	9.00	21	8.00
Other Investing Activities, net	-	-	0.00	-215	214	0.00	-163	148	14	0.00	0.00
Net Cash From Financing Activities	-6,571	808	-14,445	-1,251	-5,643	-4,845	-2,973	-5,962	-2,068	-2,894	-3,082
Net Cash From Continuing Financing Activities	-6,571	808	-14,445	-1,251	-5,643	-4,845	-2,973	-5,962	-2,068	-2,894	-3,082
Repayment of Debt	-6,037	-15,867	-2,091	-87	-2,951	-1,536	-1,849	-845	-1,093	-1,710	-213
Repurchase of Common Equity	-2,728	-2,883	-1,161	-1,412	-2,557	-2,405	-3,107	-6,249	-4,297	-100	-2,100
Payment of Dividends	-1,184	-1,250	-858	-894	-899	-970	-997	-938	-1,037	-1,037	-1,075
Issuance of Debt	3,023	20,832	4.00	1,094	712	127	3,108	2,121	4,175	255	380
Other Financing Activities, net	58	-24	-10,339	48	52	-61	-128	-51	184	-302	-74
Cash Interest Paid	678	532	318	322	329	240	227	261	305	548	441
Cash Income Taxes Paid	1,267	1,012	587	438	951	89	464	1,548	749	398	649

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/31/2022	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
Net Change in Cash & Equivalents	-2,241	-1,376	171	-222	1,514	-815	100	361	375	-359	-164
Net Cash From Operating Activities	1,904	-16	636	976	1,975	121	581	1,424	1,623	374	38
Net Cash From Continuing Operating Activities	1,904	-16	636	976	1,975	121	581	1,424	1,623	374	38
Net Income / (Loss) Continuing Operations	-23	469	1,054	766	974	622	607	640	906	565	406
Consolidated Net Income / (Loss)	-23	469	1,054	766	974	622	607	640	906	565	406
Depreciation Expense	209	209	212	217	212	205	209	208	208	197	205
Non-Cash Adjustments To Reconcile Net Income	193	296	292	38	219	158	153	89	150	299	249
Changes in Operating Assets and Liabilities, net	1,525	-990	-922	-45	570	-864	-388	487	359	-687	-822
Net Cash From Investing Activities	-2,876	-435	-6.00	-129	-20	-228	-49	-237	-132	-300	-833
Net Cash From Continuing Investing Activities	-2,876	-435	-6.00	-129	-20	-228	-49	-237	-132	-300	-833
Purchase of Property, Plant & Equipment	-118	-192	-130	-137	-134	-158	-119	-162	-153	-302	-183
Purchase of Investments	-2.00	-4.00	-1.00	-1.00	-5.00	0.00	-	-	-4.00	-3.00	-3.00
Sale and/or Maturity of Investments	1.00	1.00	17	-	3.00	0.00	-	-	8.00	5.00	9.00
Other Investing Activities, net	-	-240	113	9.00	118	-70	70	-60	60	0.00	-540
Net Cash From Financing Activities	-1,269	-925	-459	-1,069	-441	-708	-432	-826	-1,116	-433	631
Net Cash From Continuing Financing Activities	-1,269	-925	-459	-1,069	-441	-708	-432	-826	-1,116	-433	631
Repayment of Debt	-552	-339	-258	-867	-246	51	-153	-51	-60	-50	-52
Repurchase of Common Equity	-750	-100	-	-	-	-500	-100	-600	-900	-100	-100
Payment of Dividends	-249	-259	-259	-259	-260	-275	-269	-268	-263	-273	-273
Issuance of Debt	89	52	65	60	78	92	94	80	114	82	1,076
Other Financing Activities, net	193	-279	-7.00	-3.00	-13	-76	-4.00	13	-7.00	-92	-20

This table presents HP'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	103,206	106,882	28,987	32,913	34,622	33,467	34,681	38,605	38,494	37,004	39,909
Total Current Assets	50,145	51,787	18,468	22,318	21,387	20,177	20,648	22,168	19,736	17,977	20,760
Cash & Equivalents	-	-	6,288	-	5,166	4,537	4,864	4,299	3,145	3,232	3,253
Accounts Receivable	13,832	4,825	4,114	4,414	5,113	6,031	5,381	5,536	4,546	4,237	5,117
Inventories, net	6,415	4,288	4,484	5,786	6,062	5,734	5,963	7,930	7,614	6,862	7,720
Other Current Assets	11,819	4,498	3,582	5,121	5,046	3,875	4,440	4,403	4,431	3,646	4,670
Plant, Property, & Equipment, net	11,340	1,492	1,736	1,878	2,198	2,794	2,627	2,546	2,774	2,827	2,914
Total Noncurrent Assets	39,593	7,272	8,783	8,717	11,037	10,496	11,406	13,891	15,984	16,200	16,235
Goodwill	31,139	5,680	5,622	5,622	5,968	6,372	6,380	6,803	8,541	8,591	8,627
Other Noncurrent Operating Assets	8,454	1,592	3,161	3,095	5,069	4,124	5,026	7,088	7,443	7,609	7,608
Total Liabilities & Shareholders' Equity	103,206	106,882	28,987	32,913	34,622	33,467	34,681	38,605	38,494	37,004	39,909
Total Liabilities	48,790	26,286	32,876	28,680	35,261	34,660	36,909	40,249	41,519	38,073	41,232
Total Current Liabilities	43,735	42,191	18,808	22,412	25,131	25,293	26,220	29,061	26,189	24,488	28,687
Short-Term Debt	3,486	2,194	78	1,072	1,463	357	674	1,106	218	230	1,406
Accounts Payable	15,903	10,194	11,103	13,279	14,816	14,793	14,704	16,075	15,303	14,046	16,903
Other Current Liabilities	12,079	6,241	5,718	6,953	8,852	10,143	10,842	11,880	10,668	10,212	10,378
Total Noncurrent Liabilities	16,305	7,414	14,068	7,162	10,130	9,367	10,689	11,188	15,330	13,585	12,545
Long-Term Debt	-	-	6,735	-	4,524	4,780	5,543	6,386	10,796	9,254	8,263
Other Noncurrent Operating Liabilities	16,305	7,414	7,333	7,162	5,606	4,587	5,146	4,802	4,534	4,331	4,282
Total Equity & Noncontrolling Interests	26,731	27,768	-3,889	-3,408	-639	-1,193	-2,228	-1,644	-3,025	-1,069	-1,323
Total Preferred & Common Equity	26,731	27,768	-3,889	-3,408	-639	-1,193	-2,228	-1,644	-3,025	-1,069	-1,323
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	26,731	27,768	-3,889	-3,408	-639	-1,193	-2,228	-1,644	-3,025	-1,069	-1,323
Common Stock	3,448	1,981	1,047	396	679	850	976	1,071	1,182	1,515	1,787
Retained Earnings	29,164	32,089	-3,498	-2,386	-473	-818	-1,961	-2,470	-4,492	-2,361	-2,676
Accumulated Other Comprehensive Income / (Loss)	-5,881	-6,302	-1,438	-1,418	-845	-1,225	-1,243	-245	285	-223	-434

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/31/2022	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
Total Assets	38,494	36,148	36,366	36,632	37,004	35,846	37,433	38,059	39,909	38,930	38,799
Total Current Assets	19,736	17,305	17,023	17,463	17,977	16,858	18,593	19,315	20,760	19,834	19,458
Cash & Equivalents	3,145	1,769	1,940	1,718	3,232	2,417	2,517	2,878	3,253	2,894	2,730
Accounts Receivable	4,546	4,312	4,137	4,367	4,237	3,804	4,319	4,659	5,117	4,188	4,336
Inventories, net	7,614	7,344	7,221	7,197	6,862	6,928	7,512	7,790	7,720	8,443	8,175
Other Current Assets	4,431	3,880	3,725	4,181	3,646	3,709	4,245	3,988	4,670	4,309	4,217
Plant, Property, & Equipment, net	2,774	2,764	2,771	2,783	2,827	2,807	2,794	2,831	2,914	2,900	2,951
Total Noncurrent Assets	15,984	16,079	16,572	16,386	16,200	16,181	16,046	15,913	16,235	16,196	16,390
Goodwill	8,541	8,592	8,618	8,614	8,591	8,610	8,590	8,606	8,627	8,599	8,713
Other Noncurrent Operating Assets	7,443	7,487	7,954	7,772	7,609	7,571	7,456	7,307	7,608	7,597	7,677
Total Liabilities & Shareholders' Equity	38,494	36,148	36,366	36,632	37,004	35,846	37,433	38,059	39,909	38,930	38,799
Total Liabilities	41,519	39,878	38,850	38,877	38,073	37,486	38,349	39,451	41,232	40,002	40,075
Total Current Liabilities	26,189	25,053	24,034	25,190	24,488	23,857	24,839	27,043	28,687	27,434	26,556
Short-Term Debt	218	422	240	443	230	359	265	1,396	1,406	1,418	1,446
Accounts Payable	15,303	13,512	13,317	14,123	14,046	13,255	14,362	15,447	16,903	16,483	15,195
Other Current Liabilities	10,668	11,119	10,477	10,624	10,212	10,243	10,212	10,200	10,378	9,533	9,915
Total Noncurrent Liabilities	15,330	14,825	14,816	13,687	13,585	13,629	13,510	12,408	12,545	12,568	13,519
Long-Term Debt	10,796	10,337	10,360	9,236	9,254	9,301	9,327	8,229	8,263	8,273	9,291
Other Noncurrent Operating Liabilities	4,534	4,488	4,456	4,451	4,331	4,328	4,183	4,179	4,282	4,295	4,228
Total Equity & Noncontrolling Interests	-3,025	-3,730	-2,484	-2,245	-1,069	-1,640	-916	-1,392	-1,323	-1,072	-1,276
Total Preferred & Common Equity	-3,025	-3,730	-2,484	-2,245	-1,069	-1,640	-916	-1,392	-1,323	-1,072	-1,276
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-3,025	-3,730	-2,484	-2,245	-1,069	-1,640	-916	-1,392	-1,323	-1,072	-1,276
Common Stock	1,182	1,266	1,354	1,445	1,515	1,589	1,673	1,752	1,787	1,883	2,008
Retained Earnings	-4,492	-4,540	-3,470	-3,336	-2,361	-2,771	-2,257	-2,729	-2,676	-2,751	-2,441
Accumulated Other Comprehensive Income / (Loss)	285	-456	-368	-354	-223	-458	-332	-415	-434	-204	-843

This table displays calculated financial ratios and metrics derived from HP'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	-49.55%	-9.16%	-6.27%	7.91%	12.33%	0.49%	-3.60%	12.04%	-0.87%	-14.61%	-0.30%
EBITDA Growth	-26.29%	-7.37%	-46.10%	-11.31%	-2.45%	-7.74%	22.44%	108.83%	-38.90%	-25.80%	8.50%
EBIT Growth	-40.66%	-8.57%	6.48%	-12.90%	-8.03%	-16.26%	27.27%	135.69%	-42.86%	-32.08%	11.64%
NOPAT Growth	-42.48%	28.09%	-39.03%	3.23%	160.82%	-28.49%	-37.70%	53.50%	-28.71%	16.27%	-15.85%
Net Income Growth	-1.96%	-9.16%	-45.19%	1.20%	110.89%	-40.83%	-10.69%	132.36%	-52.12%	4.18%	-14.96%
EPS Growth	-1.96%	-9.16%	-42.34%	3.50%	120.27%	-36.50%	-4.35%	170.71%	-44.40%	9.40%	-13.80%
Operating Cash Flow Growth	6.25%	-43.03%	-53.71%	13.07%	23.14%	2.78%	-7.26%	48.49%	-30.36%	-19.99%	4.98%
Free Cash Flow Firm Growth	39.18%	378.05%	-90.44%	-77.78%	429.68%	14.68%	-41.27%	-33.09%	-99.67%	48,402.40%	-5.13%
Invested Capital Growth	-13.51%	-104.56%	-95.92%	49.70%	110.76%	-425.82%	-47.55%	277.03%	212.72%	7.00%	-1.74%
Revenue Q/Q Growth	-49.50%	93.05%	41.32%	2.79%	2.52%	0.07%	-0.26%	2.24%	-2.89%	-1.75%	0.45%
EBITDA Q/Q Growth	-25.44%	25.92%	-13.03%	-4.07%	6.24%	-12.11%	6.81%	52.01%	-36.66%	5.81%	0.15%
EBIT Q/Q Growth	-41.60%	85.80%	9.01%	-4.71%	5.57%	-16.95%	8.96%	60.54%	-40.66%	7.50%	0.31%
NOPAT Q/Q Growth	-41.93%	158.56%	-35.77%	14.00%	19.17%	-11.10%	1.59%	7.24%	-25.20%	45.44%	-3.27%
Net Income Q/Q Growth	-1.65%	-0.15%	-24.98%	7.12%	17.44%	-25.22%	9.79%	61.79%	-67.08%	440.96%	-2.39%
EPS Q/Q Growth	-1.65%	-0.15%	123.25%	5.71%	15.19%	-23.90%	11.24%	67.50%	-46.69%	41.13%	-1.40%
Operating Cash Flow Q/Q Growth	-0.92%	6.75%	-42.72%	-1.08%	6.79%	-7.55%	42.44%	17.92%	-17.46%	2.03%	-8.58%
Free Cash Flow Firm Q/Q Growth	33.60%	4,189.84%	-90.90%	-18.86%	-24.18%	-0.77%	38.27%	-47.18%	-99.15%	1,497.92%	-10.27%
Invested Capital Q/Q Growth	-5.99%	-104.22%	-195.61%	0.00%	123.39%	40.22%	-114.46%	675.84%	47.01%	-9.32%	-4.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.81%	19.31%	18.65%	18.40%	18.25%	19.01%	18.40%	21.13%	19.49%	21.42%	22.07%
EBITDA Margin	14.47%	14.75%	8.49%	6.97%	6.06%	5.56%	7.06%	13.16%	8.11%	7.05%	7.67%
Operating Margin	7.51%	7.62%	7.36%	6.47%	6.55%	6.60%	6.08%	8.44%	7.25%	6.43%	7.13%
EBIT Margin	6.82%	6.86%	7.80%	6.29%	5.15%	4.29%	5.67%	11.93%	6.87%	5.47%	6.12%
Profit (Net Income) Margin	8.85%	8.85%	5.17%	4.85%	9.11%	5.36%	4.97%	10.31%	4.98%	6.07%	5.18%
Tax Burden Percent	129.77%	128.94%	66.37%	77.11%	176.80%	124.93%	87.67%	86.43%	72.43%	111.10%	84.63%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	24.31%	-5.27%	29.11%	22.89%	-76.80%	-24.93%	12.33%	13.57%	27.57%	-11.10%	15.37%
Return on Invested Capital (ROIC)	7.93%	22.94%	0.00%	0.00%	0.00%	0.00%	0.00%	1,374.41%	103.31%	76.59%	62.89%
ROIC Less NNEP Spread (ROIC-NNEP)	21.06%	18.32%	0.00%	0.00%	0.00%	0.00%	0.00%	1,458.41%	100.23%	68.42%	55.69%
Return on Net Nonoperating Assets (RNNOA)	10.64%	-6.23%	0.00%	0.00%	0.00%	0.00%	0.00%	-1,712.27%	-237.47%	-235.99%	-294.91%
Return on Equity (ROE)	18.57%	16.71%	20.91%	-69.23%	-263.26%	-344.10%	-164.57%	-337.86%	-134.16%	-159.40%	-232.02%
Cash Return on Invested Capital (CROIC)	22.41%	0.00%	0.00%	0.00%	2,691.88%	0.00%	0.00%	142.53%	0.23%	69.82%	64.64%
Operating Return on Assets (OROA)	3.70%	3.36%	5.54%	10.58%	8.92%	7.41%	9.42%	20.65%	11.22%	7.78%	8.53%
Return on Assets (ROA)	4.80%	4.34%	3.67%	8.16%	15.78%	9.26%	8.26%	17.85%	8.12%	8.64%	7.22%
Return on Common Equity (ROCE)	18.57%	16.71%	20.91%	-69.23%	-263.26%	-344.10%	-164.57%	-337.86%	-134.16%	-159.40%	-232.02%
Return on Equity Simple (ROE_SIMPLE)	18.75%	16.40%	-64.18%	-74.12%	-833.65%	-264.21%	-126.35%	-397.87%	-103.54%	-305.24%	-209.75%
Net Operating Profit after Tax (NOPAT)	3,221	4,126	2,516	2,597	6,773	4,844	3,018	4,632	3,302	3,840	3,231
NOPAT Margin	5.69%	8.02%	5.22%	4.99%	11.58%	8.24%	5.33%	7.30%	5.25%	7.15%	6.03%
Net Nonoperating Expense Percent (NNEP)	-13.14%	4.62%	-0.14%	6.33%	114.01%	238.08%	20.74%	-84.00%	3.08%	8.17%	7.20%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	41.33%	45.63%	38.72%
Cost of Revenue to Revenue	80.19%	80.69%	81.35%	81.60%	81.75%	80.99%	81.60%	78.87%	80.51%	78.58%	77.93%
SG&A Expenses to Revenue	9.46%	9.17%	7.95%	8.71%	8.72%	9.14%	8.65%	9.02%	8.37%	9.97%	10.56%
R&D to Revenue	2.29%	2.31%	2.51%	2.29%	2.40%	2.55%	2.61%	2.91%	2.63%	2.94%	3.06%
Operating Expenses to Revenue	12.29%	11.70%	11.30%	11.93%	11.69%	12.41%	12.32%	12.68%	12.25%	14.99%	14.94%
Earnings before Interest and Taxes (EBIT)	3,863	3,532	3,761	3,276	3,013	2,523	3,211	7,568	4,324	2,937	3,279
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8,197	7,593	4,093	3,630	3,541	3,267	4,000	8,353	5,104	3,787	4,109
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.85	1.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	1.66	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.87	0.71	0.40	0.56	0.54	0.38	0.39	0.50	0.41	0.46	0.63
Price to Earnings (P/E)	9.88	8.04	7.80	11.63	5.95	6.99	7.79	4.88	8.20	7.64	12.23
Dividend Yield	2.30%	3.30%	4.36%	3.04%	2.78%	4.31%	4.42%	2.80%	3.92%	4.16%	3.13%
Earnings Yield	10.12%	12.44%	12.82%	8.60%	16.82%	14.30%	12.84%	20.49%	12.19%	13.08%	8.17%
Enterprise Value to Invested Capital (EV/IC)	1.41	0.00	0.00	0.00	178.57	0.00	0.00	22.67	6.93	6.02	7.93
Enterprise Value to Revenue (EV/Rev)	0.94	0.75	0.41	0.58	0.56	0.39	0.41	0.55	0.53	0.58	0.75
Enterprise Value to EBITDA (EV/EBITDA)	6.47	5.11	4.89	8.39	9.18	6.93	5.82	4.20	6.58	8.24	9.82
Enterprise Value to EBIT (EV/EBIT)	13.73	10.99	5.32	9.29	10.79	8.97	7.25	4.64	7.76	10.62	12.31
Enterprise Value to NOPAT (EV/NOPAT)	16.46	9.40	7.95	11.72	4.80	4.68	7.71	7.58	10.16	8.12	12.49
Enterprise Value to Operating Cash Flow (EV/OCF)	4.30	5.52	6.15	8.28	7.18	4.87	5.39	5.48	7.52	8.74	10.77
Enterprise Value to Free Cash Flow (EV/FCFF)	5.82	0.89	4.80	32.92	6.63	4.03	7.05	15.91	4,650.35	8.91	12.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.08	-1.75	-0.31	-9.37	-4.31	-2.79	-4.56	-3.64	-8.87	-7.31
Long-Term Debt to Equity	0.00	0.00	-1.73	0.00	-7.08	-4.01	-2.49	-3.88	-3.57	-8.66	-6.25
Financial Leverage	0.51	-0.34	-1.21	-0.31	-0.63	-0.78	-0.57	-1.17	-2.37	-3.45	-5.30
Leverage Ratio	3.87	3.85	5.69	-8.48	-16.69	-37.17	-19.92	-18.93	-16.51	-18.44	-32.15
Compound Leverage Factor	3.87	3.85	5.69	-8.48	-16.69	-37.17	-19.92	-18.93	-16.51	-18.44	-32.15
Debt to Total Capital	11.54%	7.32%	233.00%	-45.89%	111.95%	130.25%	155.85%	128.11%	137.86%	112.70%	115.85%
Short-Term Debt to Total Capital	11.54%	7.32%	2.67%	-45.89%	27.36%	9.05%	16.90%	18.91%	2.73%	2.73%	16.85%
Long-Term Debt to Total Capital	0.00%	0.00%	230.34%	0.00%	84.59%	121.20%	138.96%	109.20%	135.14%	109.97%	99.01%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.46%	92.68%	-133.00%	145.89%	-11.95%	-30.25%	-55.85%	-28.11%	-37.86%	-12.70%	-15.85%
Debt to EBITDA	0.43	0.29	1.66	0.30	1.69	1.57	1.55	0.90	2.16	2.50	2.35
Net Debt to EBITDA	0.43	0.29	0.13	0.30	0.23	0.18	0.34	0.38	1.54	1.65	1.56
Long-Term Debt to EBITDA	0.00	0.00	1.65	0.00	1.28	1.46	1.39	0.76	2.12	2.44	2.01
Debt to NOPAT	1.08	0.53	2.71	0.41	0.88	1.06	2.06	1.62	3.34	2.47	2.99
Net Debt to NOPAT	1.08	0.53	0.21	0.41	0.12	0.12	0.45	0.69	2.38	1.63	1.99
Long-Term Debt to NOPAT	0.00	0.00	2.68	0.00	0.67	0.99	1.84	1.38	3.27	2.41	2.56
Altman Z-Score	1.75	1.95	2.26	2.42	2.37	2.17	2.02	2.46	2.01	1.81	1.77
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.15	1.23	0.98	1.00	0.85	0.80	0.79	0.76	0.75	0.73	0.72
Quick Ratio	0.32	0.11	0.55	0.20	0.41	0.42	0.39	0.34	0.29	0.31	0.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9,107	43,538	4,163	925	4,899	5,619	3,300	2,208	7.22	3,501	3,321
Operating Cash Flow to CapEx	409.73%	221.01%	761.59%	1,104.20%	1,210.70%	693.59%	748.01%	1,101.20%	583.40%	602.19%	633.28%
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	0.54	0.49	0.71	1.68	1.73	1.73	1.66	1.73	1.63	1.42	1.39
Accounts Receivable Turnover	3.81	5.52	10.79	12.21	12.28	10.54	9.93	11.63	12.48	12.23	11.45
Inventory Turnover	7.29	7.76	8.95	8.27	8.07	8.07	7.90	7.21	6.52	5.83	5.73
Fixed Asset Turnover	4.97	8.02	29.89	28.81	28.69	23.54	20.90	24.54	23.65	19.18	18.66
Accounts Payable Turnover	3.04	3.18	3.69	3.48	3.40	3.21	3.13	3.25	3.23	2.88	2.70
Days Sales Outstanding (DSO)	95.70	66.16	33.82	29.90	29.74	34.61	36.77	31.40	29.25	29.84	31.87
Days Inventory Outstanding (DIO)	50.06	47.04	40.80	44.12	45.23	45.24	46.19	50.66	56.01	62.59	63.76
Days Payable Outstanding (DPO)	120.20	114.70	99.05	104.75	107.26	113.56	116.48	112.22	113.07	126.89	135.32
Cash Conversion Cycle (CCC)	25.56	-1.50	-24.43	-30.73	-32.29	-33.70	-33.52	-30.17	-27.81	-34.47	-39.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	37,695	-1,717	-3,364	-1,692	182	-593	-875	1,549	4,844	5,183	5,093
Invested Capital Turnover	1.39	2.86	-18.99	-20.59	-77.45	-285.92	-77.16	188.31	19.68	10.71	10.42
Increase / (Decrease) in Invested Capital	-5,886	-39,412	-1,647	1,672	1,874	-775	-282	2,424	3,295	339	-90
Enterprise Value (EV)	53,020	38,800	19,995	30,444	32,499	22,644	23,273	35,122	33,563	31,196	40,364
Market Capitalization	49,534	36,606	19,470	29,372	31,678	22,044	21,920	31,929	25,694	24,944	33,948
Book Value per Share	$14.32	$15.44	($2.27)	($2.02)	($0.40)	($0.81)	($1.62)	($1.43)	($3.01)	($1.08)	($1.37)
Tangible Book Value per Share	($2.36)	$12.28	($5.56)	($5.35)	($4.18)	($5.10)	($6.27)	($7.33)	($11.50)	($9.77)	($10.32)
Total Capital	30,217	29,962	2,924	-2,336	5,348	3,944	3,989	5,848	7,989	8,415	8,346
Total Debt	3,486	2,194	6,813	1,072	5,987	5,137	6,217	7,492	11,014	9,484	9,669
Total Long-Term Debt	0.00	0.00	6,735	0.00	4,524	4,780	5,543	6,386	10,796	9,254	8,263
Net Debt	3,486	2,194	525	1,072	821	600	1,353	3,193	7,869	6,252	6,416
Capital Expenditures (CapEx)	3,010	3,179	427	333	374	671	577	582	765	593	592
Debt-free, Cash-free Net Working Capital (DFCFNWC)	9,896	11,790	-6,550	978	-7,447	-9,296	-9,762	-10,086	-9,380	-9,513	-9,774
Debt-free Net Working Capital (DFNWC)	9,896	11,790	-262	978	-2,281	-4,759	-4,898	-5,787	-6,235	-6,281	-6,521
Net Working Capital (NWC)	6,410	9,596	-340	-94	-3,744	-5,116	-5,572	-6,893	-6,453	-6,511	-7,927
Net Nonoperating Expense (NNE)	-1,792	-428	20	71	1,446	1,692	203	-1,909	170	577	456
Net Nonoperating Obligations (NNO)	10,964	-29,485	525	1,716	821	600	1,353	3,193	7,869	6,252	6,416
Total Depreciation and Amortization (D&A)	4,334	4,061	332	354	528	744	789	785	780	850	830
Debt-free, Cash-free Net Working Capital to Revenue	17.47%	22.91%	-13.58%	1.88%	-12.74%	-15.82%	-17.24%	-15.89%	-14.91%	-17.71%	-18.25%
Debt-free Net Working Capital to Revenue	17.47%	22.91%	-0.54%	1.88%	-3.90%	-8.10%	-8.65%	-9.12%	-9.91%	-11.69%	-12.18%
Net Working Capital to Revenue	11.31%	18.65%	-0.70%	-0.18%	-6.40%	-8.71%	-9.84%	-10.86%	-10.26%	-12.12%	-14.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.18	$2.51	$1.44	$1.50	$3.30	$2.08	$2.01	$5.38	$0.00	$3.29	$2.83
Adjusted Weighted Average Basic Shares Outstanding	4.24B	1.81B	1.73B	1.69B	1.62B	1.52B	1.41B	1.21B	0.00	992M	979M
Adjusted Diluted Earnings per Share	$1.16	$2.48	$1.43	$1.48	$3.26	$2.07	$2.00	$5.33	$0.00	$3.26	$2.81
Adjusted Weighted Average Diluted Shares Outstanding	4.31B	1.84B	1.74B	1.70B	1.63B	1.52B	1.42B	1.22B	0.00	1B	989M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$2.08	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.13B	1.79B	1.71B	165.23M	1.55B	1.45B	1.29B	1.08B	0.00	990.90M	937.80M
Normalized Net Operating Profit after Tax (NOPAT)	3,355	2,749	2,793	2,972	2,860	2,931	3,445	4,907	3,707	2,956	3,556
Normalized NOPAT Margin	5.92%	5.34%	5.79%	5.71%	4.89%	4.99%	6.08%	7.73%	5.89%	5.50%	6.64%
Pre Tax Income Margin	6.82%	6.86%	7.80%	6.29%	5.15%	4.29%	5.67%	11.93%	6.87%	5.47%	6.12%
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	23.62%	27.45%	34.38%	35.39%	16.88%	30.77%	35.42%	14.34%	33.11%	31.78%	38.74%
Augmented Payout Ratio	78.04%	90.76%	80.89%	91.29%	64.88%	107.07%	145.79%	109.88%	170.31%	34.85%	114.41%

This table displays calculated financial ratios and metrics derived from HP's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	10/31/2022	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.26%	-18.90%	-21.66%	-9.91%	-6.48%	-4.44%	-0.83%	2.45%	1.72%	2.42%	3.28%
EBITDA Growth	-77.53%	-47.62%	-43.29%	-15.65%	24.30%	29.44%	25.91%	-10.23%	0.56%	-9.72%	-29.32%
EBIT Growth	-82.08%	-55.92%	-51.73%	-21.08%	31.68%	41.10%	35.78%	-11.65%	1.17%	-11.22%	-36.51%
NOPAT Growth	-102.34%	-42.42%	32.27%	-34.43%	4,500.64%	18.28%	-45.94%	-6.63%	-10.15%	-7.53%	-27.63%
Net Income Growth	-203.47%	-82.37%	-59.40%	-31.73%	130.01%	32.62%	-42.41%	-16.45%	-6.98%	-9.16%	-33.11%
EPS Growth	-99.24%	-51.04%	15.22%	-29.63%	4,750.00%	31.91%	-42.45%	-14.47%	-4.12%	-4.84%	-31.15%
Operating Cash Flow Growth	-33.15%	-100.97%	25.20%	147.72%	3.73%	856.25%	-8.65%	45.90%	-17.82%	209.09%	-93.46%
Free Cash Flow Firm Growth	-155.75%	-123.88%	1.87%	30.89%	124.69%	111.81%	133.55%	166.29%	37.97%	42.47%	-106.37%
Invested Capital Growth	212.72%	294.01%	135.46%	73.48%	7.00%	6.52%	-0.28%	-6.32%	-1.74%	2.18%	9.29%
Revenue Q/Q Growth	0.86%	-6.61%	-6.46%	2.24%	4.71%	-4.57%	-2.92%	5.62%	3.96%	-3.92%	-2.10%
EBITDA Q/Q Growth	-37.38%	-9.93%	3.63%	44.31%	-7.72%	-6.20%	0.80%	2.88%	3.38%	-15.79%	-21.09%
EBIT Q/Q Growth	-45.45%	-13.14%	4.45%	59.45%	-8.97%	-6.92%	0.50%	3.76%	4.23%	-18.33%	-28.13%
NOPAT Q/Q Growth	-102.22%	2,453.88%	116.32%	-41.91%	48.79%	-36.73%	-1.14%	0.33%	43.18%	-34.89%	-22.62%
Net Income Q/Q Growth	-389.30%	114.45%	124.73%	-27.32%	27.15%	-36.14%	-2.41%	5.44%	41.56%	-37.64%	-28.14%
EPS Q/Q Growth	-98.15%	2,250.00%	125.53%	-28.30%	27.63%	-36.08%	-1.61%	6.56%	43.08%	-36.56%	-28.81%
Operating Cash Flow Q/Q Growth	383.25%	-100.84%	4,075.00%	53.46%	102.36%	-93.87%	380.17%	145.09%	13.97%	-76.96%	-89.84%
Free Cash Flow Firm Q/Q Growth	-39.80%	0.49%	33.08%	25.76%	149.95%	-52.40%	90.08%	46.68%	3.96%	-50.85%	-108.50%
Invested Capital Q/Q Growth	47.01%	8.59%	17.41%	-7.45%	-9.32%	8.10%	9.92%	-13.05%	-4.89%	12.41%	17.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.21%	20.20%	22.58%	21.39%	21.60%	21.90%	23.62%	21.50%	21.35%	21.03%	20.72%
EBITDA Margin	5.79%	5.59%	6.19%	8.74%	7.70%	7.57%	7.86%	7.66%	7.61%	6.67%	5.38%
Operating Margin	5.02%	5.38%	5.79%	7.21%	7.34%	7.09%	7.44%	6.95%	7.05%	6.26%	4.95%
EBIT Margin	4.38%	4.07%	4.55%	7.09%	6.17%	6.01%	6.23%	6.12%	6.13%	5.21%	3.83%
Profit (Net Income) Margin	-21.97%	3.40%	8.17%	5.80%	7.05%	4.72%	4.74%	4.73%	6.45%	4.18%	3.07%
Tax Burden Percent	-501.70%	83.45%	179.56%	81.84%	114.32%	78.44%	76.16%	77.39%	105.10%	80.26%	80.24%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	103.55%	16.55%	-79.56%	18.16%	-14.32%	21.56%	23.84%	22.61%	-5.10%	19.74%	19.76%
Return on Invested Capital (ROIC)	-3.51%	81.35%	132.58%	71.65%	89.89%	54.38%	48.68%	51.83%	77.25%	47.77%	33.44%
ROIC Less NNEP Spread (ROIC-NNEP)	-61.72%	78.96%	128.22%	71.45%	87.27%	53.01%	47.17%	50.64%	75.11%	46.16%	31.87%
Return on Net Nonoperating Assets (RNNOA)	146.23%	-164.93%	-385.68%	-212.56%	-301.01%	-160.25%	-218.32%	-204.80%	-397.78%	-238.96%	-219.26%
Return on Equity (ROE)	142.72%	-83.58%	-253.10%	-140.91%	-211.12%	-105.86%	-169.65%	-152.97%	-320.53%	-191.19%	-185.82%
Cash Return on Invested Capital (CROIC)	0.23%	-33.47%	-11.07%	4.86%	69.82%	66.11%	55.18%	66.87%	64.64%	53.93%	37.33%
Operating Return on Assets (OROA)	7.15%	6.48%	6.69%	10.22%	8.77%	8.87%	8.94%	8.73%	8.54%	7.51%	5.45%
Return on Assets (ROA)	-35.86%	5.41%	12.02%	8.37%	10.03%	6.96%	6.81%	6.76%	8.98%	6.03%	4.37%
Return on Common Equity (ROCE)	142.72%	-83.58%	-253.10%	-140.91%	-211.12%	-105.86%	-169.65%	-152.97%	-320.53%	-191.19%	-185.82%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-25.23%	24.19%	42.63%	0.00%	-208.29%	-324.13%	-204.24%	0.00%	-253.54%	-197.26%
Net Operating Profit after Tax (NOPAT)	-26	620	1,341	779	1,159	733	725	727	1,042	678	525
NOPAT Margin	-0.18%	4.49%	10.39%	5.90%	8.39%	5.56%	5.66%	5.38%	7.41%	5.02%	3.97%
Net Nonoperating Expense Percent (NNEP)	58.21%	2.39%	4.36%	0.19%	2.62%	1.37%	1.50%	1.19%	2.14%	1.61%	1.57%
Return On Investment Capital (ROIC_SIMPLE)	-0.33%	-	-	-	13.78%	9.14%	-	-	12.48%	7.87%	5.55%
Cost of Revenue to Revenue	81.79%	79.80%	77.42%	78.61%	78.40%	78.10%	76.38%	78.50%	78.65%	78.97%	79.28%
SG&A Expenses to Revenue	27.89%	9.65%	10.82%	9.87%	9.60%	10.49%	11.42%	10.39%	10.02%	10.80%	11.20%
R&D to Revenue	2.59%	2.92%	3.18%	2.68%	2.97%	3.03%	3.41%	3.06%	2.79%	2.94%	3.03%
Operating Expenses to Revenue	35.01%	14.81%	16.79%	14.17%	14.27%	14.81%	16.18%	14.54%	14.30%	14.77%	15.77%
Earnings before Interest and Taxes (EBIT)	647	562	587	936	852	793	797	827	862	704	506
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	856	771	799	1,153	1,064	998	1,006	1,035	1,070	901	711
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.41	0.45	0.50	0.57	0.46	0.52	0.52	0.66	0.63	0.57	0.44
Price to Earnings (P/E)	8.20	10.65	10.69	13.80	7.64	8.03	9.21	12.42	12.23	11.21	9.58
Dividend Yield	3.92%	3.66%	3.60%	3.27%	4.16%	3.83%	3.86%	3.02%	3.13%	3.43%	4.42%
Earnings Yield	12.19%	9.39%	9.35%	7.25%	13.08%	12.45%	10.86%	8.05%	8.17%	8.92%	10.44%
Enterprise Value to Invested Capital (EV/IC)	6.93	6.87	5.94	6.86	6.02	6.19	5.59	7.85	7.93	6.51	4.77
Enterprise Value to Revenue (EV/Rev)	0.53	0.61	0.65	0.72	0.58	0.65	0.65	0.79	0.75	0.69	0.59
Enterprise Value to EBITDA (EV/EBITDA)	6.58	8.21	9.67	10.96	8.24	8.64	8.15	10.25	9.82	9.29	8.64
Enterprise Value to EBIT (EV/EBIT)	7.76	10.01	12.30	14.36	10.62	10.95	10.19	12.87	12.31	11.69	11.08
Enterprise Value to NOPAT (EV/NOPAT)	10.16	12.81	11.97	14.86	8.12	8.82	10.16	12.59	12.49	11.74	10.78
Enterprise Value to Operating Cash Flow (EV/OCF)	7.52	12.96	12.57	11.21	8.74	9.36	9.42	10.26	10.77	9.31	9.28
Enterprise Value to Free Cash Flow (EV/FCFF)	4,650.35	0.00	0.00	179.07	8.91	9.66	10.11	11.36	12.15	12.20	13.35
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.64	-2.88	-4.27	-4.31	-8.87	-5.89	-10.47	-6.91	-7.31	-9.04	-8.41
Long-Term Debt to Equity	-3.57	-2.77	-4.17	-4.11	-8.66	-5.67	-10.18	-5.91	-6.25	-7.72	-7.28
Financial Leverage	-2.37	-2.09	-3.01	-2.97	-3.45	-3.02	-4.63	-4.04	-5.30	-5.18	-6.88
Leverage Ratio	-16.51	-12.39	-17.40	-16.63	-18.44	-13.41	-21.71	-20.54	-32.15	-27.57	-34.78
Compound Leverage Factor	-16.51	-12.39	-17.40	-16.63	-18.44	-13.41	-21.71	-20.54	-32.15	-27.57	-34.78
Debt to Total Capital	137.86%	153.07%	130.61%	130.20%	112.70%	120.45%	110.56%	116.91%	115.85%	112.44%	113.49%
Short-Term Debt to Total Capital	2.73%	6.00%	2.96%	5.96%	2.73%	4.48%	3.05%	16.96%	16.85%	16.45%	15.28%
Long-Term Debt to Total Capital	135.14%	147.06%	127.65%	124.24%	109.97%	115.97%	107.50%	99.95%	99.01%	95.99%	98.20%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-37.86%	-53.07%	-30.61%	-30.20%	-12.70%	-20.45%	-10.56%	-16.91%	-15.85%	-12.44%	-13.49%
Debt to EBITDA	2.16	2.44	2.79	2.70	2.50	2.41	2.27	2.35	2.35	2.42	2.89
Net Debt to EBITDA	1.54	2.04	2.28	2.22	1.65	1.80	1.68	1.64	1.56	1.69	2.15
Long-Term Debt to EBITDA	2.12	2.35	2.73	2.58	2.44	2.32	2.21	2.01	2.01	2.06	2.50
Debt to NOPAT	3.34	3.81	3.46	3.67	2.47	2.46	2.83	2.88	2.99	3.05	3.61
Net Debt to NOPAT	2.38	3.19	2.82	3.02	1.63	1.84	2.09	2.02	1.99	2.14	2.69
Long-Term Debt to NOPAT	3.27	3.66	3.38	3.50	2.41	2.36	2.75	2.46	2.56	2.60	3.12
Altman Z-Score	1.70	1.68	1.66	1.68	1.62	1.65	1.63	1.67	1.58	1.57	1.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.75	0.69	0.71	0.69	0.73	0.71	0.75	0.71	0.72	0.72	0.73
Quick Ratio	0.29	0.24	0.25	0.24	0.31	0.26	0.28	0.28	0.29	0.26	0.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,321	-3,305	-2,212	-1,642	820	390	742	1,088	1,132	556	-47
Operating Cash Flow to CapEx	1,613.56%	-8.33%	489.23%	712.41%	1,473.88%	76.58%	488.24%	879.01%	1,060.78%	123.84%	20.77%
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	1.63	1.59	1.47	1.44	1.42	1.48	1.44	1.43	1.39	1.44	1.42
Accounts Receivable Turnover	12.48	12.58	11.76	12.43	12.23	13.09	12.54	11.82	11.45	13.48	12.55
Inventory Turnover	6.52	5.87	5.55	5.65	5.83	5.82	5.60	5.54	5.73	5.48	5.46
Fixed Asset Turnover	23.65	22.18	20.85	20.22	19.18	19.06	19.05	19.00	18.66	18.88	18.90
Accounts Payable Turnover	3.23	3.04	2.96	2.93	2.88	3.10	2.98	2.81	2.70	2.83	2.90
Days Sales Outstanding (DSO)	29.25	29.02	31.03	29.35	29.84	27.89	29.12	30.89	31.87	27.07	29.09
Days Inventory Outstanding (DIO)	56.01	62.16	65.78	64.62	62.59	62.77	65.14	65.88	63.76	66.62	66.87
Days Payable Outstanding (DPO)	113.07	119.99	123.38	124.45	126.89	117.72	122.37	129.98	135.32	128.89	126.00
Cash Conversion Cycle (CCC)	-27.81	-28.81	-26.57	-30.48	-34.47	-27.06	-28.12	-33.21	-39.69	-35.20	-30.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,844	5,260	6,176	5,716	5,183	5,603	6,159	5,355	5,093	5,725	6,731
Invested Capital Turnover	19.68	18.10	12.76	12.14	10.71	9.78	8.59	9.63	10.42	9.51	8.42
Increase / (Decrease) in Invested Capital	3,295	3,925	3,553	2,421	339	343	-17	-361	-90	122	572
Enterprise Value (EV)	33,563	36,146	36,688	39,228	31,196	34,690	34,415	42,063	40,364	37,275	32,112
Market Capitalization	25,694	27,156	28,028	31,267	24,944	27,447	27,340	35,316	33,948	30,478	24,105
Book Value per Share	($3.01)	($3.80)	($2.52)	($2.28)	($1.08)	($1.65)	($0.93)	($1.42)	($1.37)	($1.14)	($1.35)
Tangible Book Value per Share	($11.50)	($12.55)	($11.27)	($11.01)	($9.77)	($10.30)	($9.69)	($10.22)	($10.32)	($10.31)	($10.60)
Total Capital	7,989	7,029	8,116	7,434	8,415	8,020	8,676	8,233	8,346	8,619	9,461
Total Debt	11,014	10,759	10,600	9,679	9,484	9,660	9,592	9,625	9,669	9,691	10,737
Total Long-Term Debt	10,796	10,337	10,360	9,236	9,254	9,301	9,327	8,229	8,263	8,273	9,291
Net Debt	7,869	8,990	8,660	7,961	6,252	7,243	7,075	6,747	6,416	6,797	8,007
Capital Expenditures (CapEx)	118	192	130	137	134	158	119	162	153	302	183
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-9,380	-9,095	-8,711	-9,002	-9,513	-9,057	-8,498	-9,210	-9,774	-9,076	-8,382
Debt-free Net Working Capital (DFNWC)	-6,235	-7,326	-6,771	-7,284	-6,281	-6,640	-5,981	-6,332	-6,521	-6,182	-5,652
Net Working Capital (NWC)	-6,453	-7,748	-7,011	-7,727	-6,511	-6,999	-6,246	-7,728	-7,927	-7,600	-7,098
Net Nonoperating Expense (NNE)	3,220	151	287	13	185	111	118	87	136	113	119
Net Nonoperating Obligations (NNO)	7,869	8,990	8,660	7,961	6,252	7,243	7,075	6,747	6,416	6,797	8,007
Total Depreciation and Amortization (D&A)	209	209	212	217	212	205	209	208	208	197	205
Debt-free, Cash-free Net Working Capital to Revenue	-14.91%	-15.24%	-15.52%	-16.46%	-17.71%	-17.05%	-16.03%	-17.27%	-18.25%	-16.85%	-15.44%
Debt-free Net Working Capital to Revenue	-9.91%	-12.27%	-12.06%	-13.32%	-11.69%	-12.50%	-11.29%	-11.88%	-12.18%	-11.47%	-10.41%
Net Working Capital to Revenue	-10.26%	-12.98%	-12.49%	-14.13%	-12.12%	-13.18%	-11.79%	-14.49%	-14.80%	-14.11%	-13.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	$0.00	$1.08	$0.00	$0.99	$0.63	$0.62	$0.65	$0.93	$0.60	$0.43
Adjusted Weighted Average Basic Shares Outstanding	1.04B	0.00	991M	0.00	992M	995M	984M	979M	979M	948M	950M
Adjusted Diluted Earnings per Share	$0.02	$0.00	$1.07	$0.00	$0.97	$0.62	$0.61	$0.65	$0.93	$0.59	$0.42
Adjusted Weighted Average Diluted Shares Outstanding	1.05B	0.00	998M	0.00	1B	1.00B	990M	990M	989M	957M	956M
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	982.15M	0.00	985.96M	0.00	990.90M	980.73M	978.56M	963.72M	937.80M	942.70M	939.27M
Normalized Net Operating Profit after Tax (NOPAT)	863	808	715	880	811	804	796	780	787	739	636
Normalized NOPAT Margin	5.84%	5.85%	5.54%	6.67%	5.87%	6.10%	6.22%	5.77%	5.60%	5.47%	4.81%
Pre Tax Income Margin	4.38%	4.07%	4.55%	7.09%	6.17%	6.01%	6.23%	6.12%	6.13%	5.21%	3.83%
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	33.11%	108.93%	-170.05%	-107.21%	31.78%	30.83%	35.80%	37.71%	38.74%	39.48%	42.79%
Augmented Payout Ratio	170.31%	415.94%	-482.70%	-196.03%	34.85%	45.46%	56.01%	79.92%	114.41%	102.02%	110.33%

Key Financial Trends

HP Inc. (NYSE: HPQ) has demonstrated a mixed but generally stable financial performance over the last four years through Q2 2025. Here are the key highlights and trends from the recent financial statements:

Steady Revenue Growth: Operating revenue grew from approximately $13.8 billion in Q1 2023 to $13.2 billion in Q2 2025, showing resilience despite some quarterly fluctuations.
Consistent Profitability: HP has maintained positive net income over recent quarters, with Q2 2025 net income of $406 million and Q4 2024 peaking near $906 million. This indicates ongoing operational profitability.
Gross Profit Margins: Gross profit margin remains strong, with gross profits around $2.7-3.0 billion in recent quarters, supporting stable operating income.
Operating Expense Control: Selling, General & Admin Expenses and R&D expenses have been relatively stable, supporting efficient use of resources.
Cash Position Strength: Cash & equivalents increased from $1.77 billion in Q1 2023 to $2.73 billion in Q2 2025, indicating healthy liquidity.
Debt Levels: The company shows significant short-term and long-term debt, with total liabilities near $40 billion. This leverage level requires careful monitoring but is consistent over time.
Negative Common Equity: HP’s total common equity remained negative in recent quarters, signaling accumulated losses or treasury shares; this is a point to watch for potential impacts on shareholder value.
Operating Cash Flow Volatility: Net cash from operating activities has fluctuated considerably (e.g., $1.62 billion in Q4 2024 down to $38 million in Q2 2025), potentially due to working capital changes.
Decline in Net Income and EPS in Latest Quarters: Earnings per share declined from $0.93 diluted in Q4 2024 to $0.42 diluted in Q2 2025, reflecting pressure on profitability.
Large Negative Net Cash from Investing Activities in Q2 2025: Cash outflow of $833 million for investing activities, driven by large other investing activities and property purchases, puts pressure on free cash flow and requires capital management scrutiny.

Summary: HP has managed to maintain profitability and solid revenue growth over the past few years with stable operating expenses and improving liquidity. However, the company is facing pressure on quarterly earnings and has seen heavy investing cash outflows recently, along with a leveraged balance sheet and negative equity. Retail investors should monitor HP’s efforts to sustain earnings growth and manage capital expenditures alongside debt levels to assess future stability and growth potential.

08/22/25 10:58 PMAI Generated. May Contain Errors.

Frequently Asked Questions About HP's Financials

When does HP's fiscal year end?

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

How has HP's net income changed over the last 10 years?

HP's net income appears to be on a downward trend, with a most recent value of $2.78 billion in 2024, falling from $5.01 billion in 2014. The previous period was $3.26 billion in 2023. Find out what analysts predict for HP in the coming months.

What is HP's operating income?

HP's total operating income in 2024 was $3.82 billion, based on the following breakdown:

Total Gross Profit: $11.82 billion
Total Operating Expenses: $8 billion

How has HP's revenue changed over the last 10 years?

Over the last 10 years, HP's total revenue changed from $56.65 billion in 2014 to $53.56 billion in 2024, a change of -5.5%.

How much debt does HP have?

HP's total liabilities were at $41.23 billion at the end of 2024, a 8.3% increase from 2023, and a 15.5% decrease since 2014.

How much cash does HP have?

In the past 10 years, HP's cash and equivalents has ranged from $0.00 in 2014 to $6.29 billion in 2016, and is currently $3.25 billion as of their latest financial filing in 2024.

How has HP's book value per share changed over the last 10 years?

Over the last 10 years, HP's book value per share changed from 14.32 in 2014 to -1.37 in 2024, a change of -109.6%.

Related Companies

This page (NYSE:HPQ) was last updated on 8/22/2025 by MarketBeat.com Staff

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HP (HPQ) Financials

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HP (HPQ) Financials

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