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HP (HPQ) Financials

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$21.42 +0.27 (+1.25%)
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Annual Income Statements for HP

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 10/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 4,554 2,496 2,526 5,327 3,152 2,815 6,541 3,132 3,263 2,775 2,529
Consolidated Net Income / (Loss)		 4,554 2,496 2,526 5,327 3,152 2,815 6,541 3,132 3,263 2,775 2,529
Net Income / (Loss) Continuing Operations		 3,718 2,666 2,526 5,327 3,152 2,815 6,541 3,132 3,263 2,775 2,529
Total Pre-Tax Income 		3,532 3,761 3,276 3,013 2,523 3,211 7,568 4,324 2,937 3,279 2,668
Total Operating Income		 3,920 3,549 3,368 3,831 3,877 3,442 5,359 4,559 3,456 3,818 3,174
Total Gross Profit		 9,939 8,998 9,578 10,669 11,170 10,421 13,407 12,263 11,508 11,818 11,392
Total Revenue		 51,463 48,238 52,056 58,472 58,756 56,638 63,460 62,910 53,718 53,559 55,295
Operating Revenue		 51,463 48,238 52,056 58,472 58,756 56,638 63,460 62,910 53,718 53,559 55,295
Total Cost of Revenue		 41,524 39,240 42,478 47,803 47,586 46,217 50,053 50,647 42,210 41,741 43,903
Operating Cost of Revenue		 41,524 39,240 42,478 47,803 47,586 46,217 50,053 50,647 42,210 41,741 43,903
Total Operating Expenses		 6,019 5,449 6,210 6,838 7,293 6,979 8,048 7,704 8,052 8,000 8,218
Selling, General & Admin Expense		 4,719 3,833 4,532 5,099 5,368 4,901 5,727 5,264 5,357 5,658 5,821
Research & Development Expense		 1,191 1,209 1,190 1,404 1,499 1,477 1,848 1,653 1,578 1,640 1,602
Amortization Expense		 102 16 1.00 80 116 113 154 228 350 318 345
Restructuring Charge		 64 212 487 255 310 488 319 559 767 384 450
Total Other Income / (Expense), net		 -388 212 -92 -818 -1,354 -231 2,209 -235 -519 -539 -506
Other Income / (Expense), net		 -388 212 -92 -818 -1,354 -231 2,209 -235 -519 -539 -506
Income Tax Expense		 -186 1,095 750 -2,314 -629 396 1,027 1,192 -326 504 139
Basic Earnings per Share		 $2.51 $1.44 $1.50 $3.30 $2.08 $1.99 $5.41 $3.02 $3.29 $2.83 $2.67
Weighted Average Basic Shares Outstanding		 1.81B 1.73B 1.69B 1.62B 1.52B 1.41B 1.21B 1.04B 992M 979M 946M
Diluted Earnings per Share		 $2.48 $1.43 $1.48 $3.26 $2.07 $1.98 $5.36 $2.98 $3.26 $2.81 $2.65
Weighted Average Diluted Shares Outstanding		 1.84B 1.74B 1.70B 1.63B 1.52B 1.42B 1.22B 1.05B 1B 989M 953M
Weighted Average Basic & Diluted Shares Outstanding		 1.81B 1.73B 1.68B 1.61B 1.45B 1.29B 1.08B 982.15M 990.90M 937.80M 917.98M
Cash Dividends to Common per Share		 $0.67 $0.50 $0.53 $0.56 $0.64 $0.70 $0.78 $1.00 $1.05 $1.10 $1.16

Quarterly Income Statements for HP

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 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 10/31/2025 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 766 974 622 607 640 906 565 406 763 795 545
Consolidated Net Income / (Loss)		 766 974 622 607 640 906 565 406 763 795 545
Net Income / (Loss) Continuing Operations		 766 974 622 607 640 906 565 406 763 795 545
Total Pre-Tax Income 		936 852 793 797 827 862 704 506 624 834 671
Total Operating Income		 952 1,014 935 952 940 991 845 654 716 959 759
Total Gross Profit		 2,822 2,985 2,888 3,023 2,906 3,001 2,840 2,739 2,851 2,962 2,835
Total Revenue		 13,196 13,817 13,185 12,800 13,519 14,055 13,504 13,220 13,932 14,639 14,438
Operating Revenue		 13,196 13,817 13,185 12,800 13,519 14,055 13,504 13,220 13,932 14,639 14,438
Total Cost of Revenue		 10,374 10,832 10,297 9,777 10,613 11,054 10,664 10,481 11,081 11,677 11,603
Operating Cost of Revenue		 10,374 10,832 10,297 9,777 10,613 11,054 10,664 10,481 11,081 11,677 11,603
Total Operating Expenses		 1,870 1,971 1,953 2,071 1,966 2,010 1,995 2,085 2,135 2,003 2,076
Selling, General & Admin Expense		 1,302 1,327 1,383 1,462 1,404 1,409 1,459 1,480 1,452 1,430 1,504
Research & Development Expense		 354 411 399 436 413 392 397 401 406 398 392
Amortization Expense		 91 88 81 80 81 76 63 65 159 58 56
Restructuring Charge		 123 145 90 93 68 133 76 139 118 117 124
Total Other Income / (Expense), net		 -16 -162 -142 -155 -113 -129 -141 -148 -92 -125 -88
Other Income / (Expense), net		 -16 -162 -142 -155 -113 -129 -141 -148 -92 -125 -88
Income Tax Expense		 170 -122 171 190 187 -44 139 100 -139 39 126
Basic Earnings per Share		 $0.77 $0.99 $0.63 $0.62 $0.65 $0.93 $0.60 $0.43 $0.81 $0.83 $0.59
Weighted Average Basic Shares Outstanding		 993M 992M 995M 984M 979M 979M 948M 950M 947M 946M 926M
Diluted Earnings per Share		 $0.76 $0.97 $0.62 $0.61 $0.65 $0.93 $0.59 $0.42 $0.80 $0.84 $0.58
Weighted Average Diluted Shares Outstanding		 1.00B 1B 1.00B 990M 990M 989M 957M 956M 954M 953M 932M
Weighted Average Basic & Diluted Shares Outstanding		 988.27M 990.90M 980.73M 978.56M 963.72M 937.80M 942.70M 939.27M 934.70M 917.98M 914.55M
Cash Dividends to Common per Share		 $0.52 - $0.55 - - - $0.58 - - - $0.60

Annual Cash Flow Statements for HP

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 10/31/2025
Net Change in Cash & Equivalents		 2,300 -11,145 709 -1,831 -629 327 -565 -1,154 87 21 460
Net Cash From Operating Activities		 7,026 3,252 3,677 4,528 4,654 4,316 6,409 4,463 3,571 3,749 3,697
Net Cash From Continuing Operating Activities		 7,026 3,252 3,677 4,528 4,654 4,316 6,409 4,463 3,571 3,749 3,697
Net Income / (Loss) Continuing Operations		 4,554 2,496 2,526 5,327 3,152 2,815 6,541 3,132 3,263 2,775 2,529
Consolidated Net Income / (Loss)		 4,554 2,496 2,526 5,327 3,152 2,815 6,541 3,132 3,263 2,775 2,529
Depreciation Expense		 4,061 332 354 528 744 789 785 780 850 830 916
Non-Cash Adjustments To Reconcile Net Income		 3,152 350 720 719 826 1,137 873 881 845 550 912
Changes in Operating Assets and Liabilities, net		 -4,741 74 77 -2,046 -68 -425 -1,790 -330 -1,387 -406 -660
Net Cash From Investing Activities		 -5,534 48 -1,717 -716 -438 -1,016 -1,012 -3,549 -590 -646 -1,177
Net Cash From Continuing Investing Activities		 -5,534 48 -1,717 -716 -438 -1,016 -1,012 -3,549 -590 -646 -1,177
Purchase of Property, Plant & Equipment		 -3,603 -433 -402 -546 -671 -580 -582 -765 -593 -592 -897
Acquisitions		 -2,644 -7.00 0.00 -1,036 -458 0.00 -854 -2,755 -7.00 -58 -116
Purchase of Investments		 -259 -126 -1,400 -367 -80 -693 -28 -52 -11 -4.00 -40
Divestitures		 246 475 - - - - - - 0.00 0.00 66
Sale and/or Maturity of Investments		 302 133 231 847 771 417 304 9.00 21 8.00 74
Other Investing Activities, net		 - 0.00 -215 214 0.00 -163 148 14 0.00 0.00 -264
Net Cash From Financing Activities		 808 -14,445 -1,251 -5,643 -4,845 -2,973 -5,962 -2,068 -2,894 -3,082 -2,060
Net Cash From Continuing Financing Activities		 808 -14,445 -1,251 -5,643 -4,845 -2,973 -5,962 -2,068 -2,894 -3,082 -2,060
Repayment of Debt		 -15,867 -2,091 -87 -2,951 -1,536 -1,849 -845 -1,093 -1,710 -213 -1,387
Repurchase of Common Equity		 -2,883 -1,161 -1,412 -2,557 -2,405 -3,107 -6,249 -4,297 -100 -2,100 -850
Payment of Dividends		 -1,250 -858 -894 -899 -970 -997 -938 -1,037 -1,037 -1,075 -1,088
Issuance of Debt		 20,832 4.00 1,094 712 127 3,108 2,121 4,175 255 380 1,385
Other Financing Activities, net		 -24 -10,339 48 52 -61 -128 -51 184 -302 -74 -120
Cash Interest Paid		 532 318 322 329 240 227 261 305 548 441 437
Cash Income Taxes Paid		 1,012 587 438 951 89 464 1,548 749 398 649 535

Quarterly Cash Flow Statements for HP

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 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 10/31/2025 1/31/2026
Net Change in Cash & Equivalents		 -222 1,514 -815 100 361 375 -359 -164 144 839 -559
Net Cash From Operating Activities		 976 1,975 121 581 1,424 1,623 374 38 1,661 1,624 383
Net Cash From Continuing Operating Activities		 976 1,975 121 581 1,424 1,623 374 38 1,661 1,624 383
Net Income / (Loss) Continuing Operations		 766 974 622 607 640 906 565 406 763 795 545
Consolidated Net Income / (Loss)		 766 974 622 607 640 906 565 406 763 795 545
Depreciation Expense		 217 212 205 209 208 208 197 205 306 208 214
Non-Cash Adjustments To Reconcile Net Income		 38 219 158 153 89 150 299 249 218 146 314
Changes in Operating Assets and Liabilities, net		 -45 570 -864 -388 487 359 -687 -822 374 475 -690
Net Cash From Investing Activities		 -129 -20 -228 -49 -237 -132 -300 -833 20 -64 -269
Net Cash From Continuing Investing Activities		 -129 -20 -228 -49 -237 -132 -300 -833 20 -64 -269
Purchase of Property, Plant & Equipment		 -137 -134 -158 -119 -162 -153 -302 -183 -215 -197 -233
Purchase of Investments		 -1.00 -5.00 0.00 - - -4.00 -3.00 -3.00 -17 -17 -5.00
Divestitures		 - - - - - - 0.00 - - - 26
Sale and/or Maturity of Investments		 - 3.00 0.00 - - 8.00 5.00 9.00 55 5.00 19
Other Investing Activities, net		 9.00 118 -70 70 -60 60 0.00 -540 197 79 -76
Net Cash From Financing Activities		 -1,069 -441 -708 -432 -826 -1,116 -433 631 -1,537 -721 -673
Net Cash From Continuing Financing Activities		 -1,069 -441 -708 -432 -826 -1,116 -433 631 -1,537 -721 -673
Repayment of Debt		 -867 -246 51 -153 -51 -60 -50 -52 -1,210 -75 -87
Repurchase of Common Equity		 - - -500 -100 -600 -900 -100 -100 -150 -500 -325
Payment of Dividends		 -259 -260 -275 -269 -268 -263 -273 -273 -272 -270 -277
Issuance of Debt		 60 78 92 94 80 114 82 1,076 90 137 89
Other Financing Activities, net		 -3.00 -13 -76 -4.00 13 -7.00 -92 -20 5.00 -13 -73

Annual Balance Sheets for HP

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 10/31/2025
Total Assets		 106,882 28,987 32,913 34,622 33,467 34,681 38,605 38,494 37,004 39,909 41,769
Total Current Assets		 51,787 18,468 22,318 21,387 20,177 20,648 22,168 19,736 17,977 20,760 22,453
Cash & Equivalents		 - 6,288 - 5,166 4,537 4,864 4,299 3,145 3,232 3,253 3,705
Accounts Receivable		 4,825 4,114 4,414 5,113 6,031 5,381 5,536 4,546 4,237 5,117 5,692
Inventories, net		 4,288 4,484 5,786 6,062 5,734 5,963 7,930 7,614 6,862 7,720 8,512
Other Current Assets		 4,498 3,582 5,121 5,046 3,875 4,440 4,403 4,431 3,646 4,670 4,544
Plant, Property, & Equipment, net		 1,492 1,736 1,878 2,198 2,794 2,627 2,546 2,774 2,827 2,914 3,049
Total Noncurrent Assets		 7,272 8,783 8,717 11,037 10,496 11,406 13,891 15,984 16,200 16,235 16,267
Goodwill		 5,680 5,622 5,622 5,968 6,372 6,380 6,803 8,541 8,591 8,627 8,706
Other Noncurrent Operating Assets		 1,592 3,161 3,095 5,069 4,124 5,026 7,088 7,443 7,609 7,608 7,561
Total Liabilities & Shareholders' Equity		 106,882 28,987 32,913 34,622 33,467 34,681 38,605 38,494 37,004 39,909 41,769
Total Liabilities		 26,286 32,876 28,680 35,261 34,660 36,909 40,249 41,519 38,073 41,232 42,115
Total Current Liabilities		 42,191 18,808 22,412 25,131 25,293 26,220 29,061 26,189 24,488 28,687 29,258
Short-Term Debt		 2,194 78 1,072 1,463 357 674 1,106 218 230 1,406 845
Accounts Payable		 10,194 11,103 13,279 14,816 14,793 14,704 16,075 15,303 14,046 16,903 18,051
Other Current Liabilities		 6,241 5,718 6,953 8,852 10,143 10,842 11,880 10,668 10,212 10,378 10,362
Total Noncurrent Liabilities		 7,414 14,068 7,162 10,130 9,367 10,689 11,188 15,330 13,585 12,545 12,857
Long-Term Debt		 - 6,735 - 4,524 4,780 5,543 6,386 10,796 9,254 8,263 8,821
Other Noncurrent Operating Liabilities		 7,414 7,333 7,162 5,606 4,587 5,146 4,802 4,534 4,331 4,282 4,036
Total Equity & Noncontrolling Interests		 27,768 -3,889 -3,408 -639 -1,193 -2,228 -1,644 -3,025 -1,069 -1,323 -346
Total Preferred & Common Equity		 27,768 -3,889 -3,408 -639 -1,193 -2,228 -1,644 -3,025 -1,069 -1,323 -346
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		 27,768 -3,889 -3,408 -639 -1,193 -2,228 -1,644 -3,025 -1,069 -1,323 -346
Common Stock		 1,981 1,047 396 679 850 976 1,071 1,182 1,515 1,787 2,138
Retained Earnings		 32,089 -3,498 -2,386 -473 -818 -1,961 -2,470 -4,492 -2,361 -2,676 -2,027
Accumulated Other Comprehensive Income / (Loss)		 -6,302 -1,438 -1,418 -845 -1,225 -1,243 -245 285 -223 -434 -457

Quarterly Balance Sheets for HP

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 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 1/31/2026
Total Assets		 36,366 36,632 37,004 35,846 37,433 38,059 39,909 38,930 38,799 39,854 41,535
Total Current Assets		 17,023 17,463 17,977 16,858 18,593 19,315 20,760 19,834 19,458 20,574 22,226
Cash & Equivalents		 1,940 1,718 3,232 2,417 2,517 2,878 3,253 2,894 2,730 2,874 3,154
Accounts Receivable		 4,137 4,367 4,237 3,804 4,319 4,659 5,117 4,188 4,336 5,123 5,332
Inventories, net		 7,221 7,197 6,862 6,928 7,512 7,790 7,720 8,443 8,175 8,356 8,737
Other Current Assets		 3,725 4,181 3,646 3,709 4,245 3,988 4,670 4,309 4,217 4,221 5,003
Plant, Property, & Equipment, net		 2,771 2,783 2,827 2,807 2,794 2,831 2,914 2,900 2,951 2,993 3,053
Total Noncurrent Assets		 16,572 16,386 16,200 16,181 16,046 15,913 16,235 16,196 16,390 16,287 16,256
Goodwill		 8,618 8,614 8,591 8,610 8,590 8,606 8,627 8,599 8,713 8,714 8,724
Other Noncurrent Operating Assets		 7,954 7,772 7,609 7,571 7,456 7,307 7,608 7,597 7,677 7,573 7,532
Total Liabilities & Shareholders' Equity		 36,366 36,632 37,004 35,846 37,433 38,059 39,909 38,930 38,799 39,854 41,535
Total Liabilities		 38,850 38,877 38,073 37,486 38,349 39,451 41,232 40,002 40,075 40,755 42,301
Total Current Liabilities		 24,034 25,190 24,488 23,857 24,839 27,043 28,687 27,434 26,556 27,864 29,290
Short-Term Debt		 240 443 230 359 265 1,396 1,406 1,418 1,446 820 861
Accounts Payable		 13,317 14,123 14,046 13,255 14,362 15,447 16,903 16,483 15,195 16,985 18,220
Other Current Liabilities		 10,477 10,624 10,212 10,243 10,212 10,200 10,378 9,533 9,915 10,059 10,209
Total Noncurrent Liabilities		 14,816 13,687 13,585 13,629 13,510 12,408 12,545 12,568 13,519 12,891 13,011
Long-Term Debt		 10,360 9,236 9,254 9,301 9,327 8,229 8,263 8,273 9,291 8,782 8,838
Other Noncurrent Operating Liabilities		 4,456 4,451 4,331 4,328 4,183 4,179 4,282 4,295 4,228 4,109 4,173
Total Equity & Noncontrolling Interests		 -2,484 -2,245 -1,069 -1,640 -916 -1,392 -1,323 -1,072 -1,276 -901 -766
Total Preferred & Common Equity		 -2,484 -2,245 -1,069 -1,640 -916 -1,392 -1,323 -1,072 -1,276 -901 -766
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		 -2,484 -2,245 -1,069 -1,640 -916 -1,392 -1,323 -1,072 -1,276 -901 -766
Common Stock		 1,354 1,445 1,515 1,589 1,673 1,752 1,787 1,883 2,008 2,100 2,216
Retained Earnings		 -3,470 -3,336 -2,361 -2,771 -2,257 -2,729 -2,676 -2,751 -2,441 -2,360 -2,328
Accumulated Other Comprehensive Income / (Loss)		 -368 -354 -223 -458 -332 -415 -434 -204 -843 -641 -654

Annual Metrics And Ratios for HP

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 10/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.16% -6.27% 7.91% 12.33% 0.49% -3.60% 12.04% -0.87% -14.61% -0.30% 3.24%
EBITDA Growth		 -7.37% -46.10% -11.31% -2.45% -7.74% 22.44% 108.83% -38.90% -25.80% 8.50% -12.78%
EBIT Growth		 -8.57% 6.48% -12.90% -8.03% -16.26% 27.27% 135.69% -42.86% -32.08% 11.64% -18.63%
NOPAT Growth		 28.09% -39.03% 3.23% 160.82% -28.49% -37.70% 53.50% -28.71% 16.27% -15.85% -6.89%
Net Income Growth		 -9.16% -45.19% 1.20% 110.89% -40.83% -10.69% 132.36% -52.12% 4.18% -14.96% -8.86%
EPS Growth		 -9.16% -42.34% 3.50% 120.27% -36.50% -4.35% 170.71% -44.40% 9.40% -13.80% -5.69%
Operating Cash Flow Growth		 -43.03% -53.71% 13.07% 23.14% 2.78% -7.26% 48.49% -30.36% -19.99% 4.98% -1.39%
Free Cash Flow Firm Growth		 378.05% -90.44% -77.78% 429.68% 14.68% -41.27% -33.09% -99.67% 48,402.40% -5.13% -25.13%
Invested Capital Growth		 -104.56% -95.92% 49.70% 110.76% -425.82% -47.55% 277.03% 212.72% 7.00% -1.74% 10.25%
Revenue Q/Q Growth		 93.05% 41.32% 2.79% 2.52% 0.07% -0.26% 2.24% -2.89% -1.75% 0.45% 1.07%
EBITDA Q/Q Growth		 25.92% -13.03% -4.07% 6.24% -12.11% 6.81% 52.01% -36.66% 5.81% 0.15% -0.78%
EBIT Q/Q Growth		 85.80% 9.01% -4.71% 5.57% -16.95% 8.96% 60.54% -40.66% 7.50% 0.31% -1.04%
NOPAT Q/Q Growth		 158.56% -35.77% 14.00% 19.17% -11.10% 1.59% 7.24% -25.20% 45.44% -3.27% -4.17%
Net Income Q/Q Growth		 -0.15% -24.98% 7.12% 17.44% -25.22% 9.79% 61.79% -67.08% 440.96% -2.39% -4.20%
EPS Q/Q Growth		 -0.15% 123.25% 5.71% 15.19% -23.90% 11.24% 67.50% -46.69% 41.13% -1.40% -3.28%
Operating Cash Flow Q/Q Growth		 6.75% -42.72% -1.08% 6.79% -7.55% 42.44% 17.92% -17.46% 2.03% -8.58% 0.03%
Free Cash Flow Firm Q/Q Growth		 4,189.84% -90.90% -18.86% -24.18% -0.77% 38.27% -47.18% -99.15% 1,497.92% -10.27% -6.78%
Invested Capital Q/Q Growth		 -104.22% -195.61% 0.00% 123.39% 40.22% -114.46% 675.84% 47.01% -9.32% -4.89% -3.64%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.31% 18.65% 18.40% 18.25% 19.01% 18.40% 21.13% 19.49% 21.42% 22.07% 20.60%
EBITDA Margin		 14.75% 8.49% 6.97% 6.06% 5.56% 7.06% 13.16% 8.11% 7.05% 7.67% 6.48%
Operating Margin		 7.62% 7.36% 6.47% 6.55% 6.60% 6.08% 8.44% 7.25% 6.43% 7.13% 5.74%
EBIT Margin		 6.86% 7.80% 6.29% 5.15% 4.29% 5.67% 11.93% 6.87% 5.47% 6.12% 4.83%
Profit (Net Income) Margin		 8.85% 5.17% 4.85% 9.11% 5.36% 4.97% 10.31% 4.98% 6.07% 5.18% 4.57%
Tax Burden Percent		 128.94% 66.37% 77.11% 176.80% 124.93% 87.67% 86.43% 72.43% 111.10% 84.63% 94.79%
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		 -5.27% 29.11% 22.89% -76.80% -24.93% 12.33% 13.57% 27.57% -11.10% 15.37% 5.21%
Return on Invested Capital (ROIC)		 22.94% 0.00% 0.00% 0.00% 0.00% 0.00% 1,374.41% 103.31% 76.59% 62.89% 56.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 18.32% 0.00% 0.00% 0.00% 0.00% 0.00% 1,458.41% 100.23% 68.42% 55.69% 48.44%
Return on Net Nonoperating Assets (RNNOA)		 -6.23% 0.00% 0.00% 0.00% 0.00% 0.00% -1,712.27% -237.47% -235.99% -294.91% -359.25%
Return on Equity (ROE)		 16.71% 20.91% -69.23% -263.26% -344.10% -164.57% -337.86% -134.16% -159.40% -232.02% -303.06%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 2,691.88% 0.00% 0.00% 142.53% 0.23% 69.82% 64.64% 46.44%
Operating Return on Assets (OROA)		 3.36% 5.54% 10.58% 8.92% 7.41% 9.42% 20.65% 11.22% 7.78% 8.53% 6.53%
Return on Assets (ROA)		 4.34% 3.67% 8.16% 15.78% 9.26% 8.26% 17.85% 8.12% 8.64% 7.22% 6.19%
Return on Common Equity (ROCE)		 16.71% 20.91% -69.23% -263.26% -344.10% -164.57% -337.86% -134.16% -159.40% -232.02% -303.06%
Return on Equity Simple (ROE_SIMPLE)		 16.40% -64.18% -74.12% -833.65% -264.21% -126.35% -397.87% -103.54% -305.24% -209.75% 0.00%
Net Operating Profit after Tax (NOPAT)		 4,126 2,516 2,597 6,773 4,844 3,018 4,632 3,302 3,840 3,231 3,009
NOPAT Margin		 8.02% 5.22% 4.99% 11.58% 8.24% 5.33% 7.30% 5.25% 7.15% 6.03% 5.44%
Net Nonoperating Expense Percent (NNEP)		 4.62% -0.14% 6.33% 114.01% 238.08% 20.74% -84.00% 3.08% 8.17% 7.20% 7.75%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 41.33% 45.63% 38.72% 32.28%
Cost of Revenue to Revenue		 80.69% 81.35% 81.60% 81.75% 80.99% 81.60% 78.87% 80.51% 78.58% 77.93% 79.40%
SG&A Expenses to Revenue		 9.17% 7.95% 8.71% 8.72% 9.14% 8.65% 9.02% 8.37% 9.97% 10.56% 10.53%
R&D to Revenue		 2.31% 2.51% 2.29% 2.40% 2.55% 2.61% 2.91% 2.63% 2.94% 3.06% 2.90%
Operating Expenses to Revenue		 11.70% 11.30% 11.93% 11.69% 12.41% 12.32% 12.68% 12.25% 14.99% 14.94% 14.86%
Earnings before Interest and Taxes (EBIT)		 3,532 3,761 3,276 3,013 2,523 3,211 7,568 4,324 2,937 3,279 2,668
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 7,593 4,093 3,630 3,541 3,267 4,000 8,353 5,104 3,787 4,109 3,584
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.32 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)		 1.66 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)		 0.71 0.40 0.56 0.54 0.38 0.39 0.50 0.41 0.46 0.63 0.47
Price to Earnings (P/E)		 8.04 7.80 11.63 5.95 6.99 7.79 4.88 8.20 7.64 12.23 10.23
Dividend Yield		 3.30% 4.36% 3.04% 2.78% 4.31% 4.42% 2.80% 3.92% 4.16% 3.13% 4.18%
Earnings Yield		 12.44% 12.82% 8.60% 16.82% 14.30% 12.84% 20.49% 12.19% 13.08% 8.17% 9.78%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 178.57 0.00 0.00 22.67 6.93 6.02 7.93 5.67
Enterprise Value to Revenue (EV/Rev)		 0.75 0.41 0.58 0.56 0.39 0.41 0.55 0.53 0.58 0.75 0.58
Enterprise Value to EBITDA (EV/EBITDA)		 5.11 4.89 8.39 9.18 6.93 5.82 4.20 6.58 8.24 9.82 8.88
Enterprise Value to EBIT (EV/EBIT)		 10.99 5.32 9.29 10.79 8.97 7.25 4.64 7.76 10.62 12.31 11.93
Enterprise Value to NOPAT (EV/NOPAT)		 9.40 7.95 11.72 4.80 4.68 7.71 7.58 10.16 8.12 12.49 10.58
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.52 6.15 8.28 7.18 4.87 5.39 5.48 7.52 8.74 10.77 8.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.89 4.80 32.92 6.63 4.03 7.05 15.91 4,650.35 8.91 12.15 12.80
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.08 -1.75 -0.31 -9.37 -4.31 -2.79 -4.56 -3.64 -8.87 -7.31 -27.94
Long-Term Debt to Equity		 0.00 -1.73 0.00 -7.08 -4.01 -2.49 -3.88 -3.57 -8.66 -6.25 -25.49
Financial Leverage		 -0.34 -1.21 -0.31 -0.63 -0.78 -0.57 -1.17 -2.37 -3.45 -5.30 -7.42
Leverage Ratio		 3.85 5.69 -8.48 -16.69 -37.17 -19.92 -18.93 -16.51 -18.44 -32.15 -48.94
Compound Leverage Factor		 3.85 5.69 -8.48 -16.69 -37.17 -19.92 -18.93 -16.51 -18.44 -32.15 -48.94
Debt to Total Capital		 7.32% 233.00% -45.89% 111.95% 130.25% 155.85% 128.11% 137.86% 112.70% 115.85% 103.71%
Short-Term Debt to Total Capital		 7.32% 2.67% -45.89% 27.36% 9.05% 16.90% 18.91% 2.73% 2.73% 16.85% 9.07%
Long-Term Debt to Total Capital		 0.00% 230.34% 0.00% 84.59% 121.20% 138.96% 109.20% 135.14% 109.97% 99.01% 94.65%
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		 92.68% -133.00% 145.89% -11.95% -30.25% -55.85% -28.11% -37.86% -12.70% -15.85% -3.71%
Debt to EBITDA		 0.29 1.66 0.30 1.69 1.57 1.55 0.90 2.16 2.50 2.35 2.70
Net Debt to EBITDA		 0.29 0.13 0.30 0.23 0.18 0.34 0.38 1.54 1.65 1.56 1.66
Long-Term Debt to EBITDA		 0.00 1.65 0.00 1.28 1.46 1.39 0.76 2.12 2.44 2.01 2.46
Debt to NOPAT		 0.53 2.71 0.41 0.88 1.06 2.06 1.62 3.34 2.47 2.99 3.21
Net Debt to NOPAT		 0.53 0.21 0.41 0.12 0.12 0.45 0.69 2.38 1.63 1.99 1.98
Long-Term Debt to NOPAT		 0.00 2.68 0.00 0.67 0.99 1.84 1.38 3.27 2.41 2.56 2.93
Altman Z-Score		 1.95 2.26 2.42 2.37 2.17 2.02 2.46 2.01 1.81 1.77 1.64
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		 1.23 0.98 1.00 0.85 0.80 0.79 0.76 0.75 0.73 0.72 0.77
Quick Ratio		 0.11 0.55 0.20 0.41 0.42 0.39 0.34 0.29 0.31 0.29 0.32
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 43,538 4,163 925 4,899 5,619 3,300 2,208 7.22 3,501 3,321 2,487
Operating Cash Flow to CapEx		 221.01% 761.59% 1,104.20% 1,210.70% 693.59% 748.01% 1,101.20% 583.40% 602.19% 633.28% 412.15%
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		 0.49 0.71 1.68 1.73 1.73 1.66 1.73 1.63 1.42 1.39 1.35
Accounts Receivable Turnover		 5.52 10.79 12.21 12.28 10.54 9.93 11.63 12.48 12.23 11.45 10.23
Inventory Turnover		 7.76 8.95 8.27 8.07 8.07 7.90 7.21 6.52 5.83 5.73 5.41
Fixed Asset Turnover		 8.02 29.89 28.81 28.69 23.54 20.90 24.54 23.65 19.18 18.66 18.55
Accounts Payable Turnover		 3.18 3.69 3.48 3.40 3.21 3.13 3.25 3.23 2.88 2.70 2.51
Days Sales Outstanding (DSO)		 66.16 33.82 29.90 29.74 34.61 36.77 31.40 29.25 29.84 31.87 35.67
Days Inventory Outstanding (DIO)		 47.04 40.80 44.12 45.23 45.24 46.19 50.66 56.01 62.59 63.76 67.47
Days Payable Outstanding (DPO)		 114.70 99.05 104.75 107.26 113.56 116.48 112.22 113.07 126.89 135.32 145.30
Cash Conversion Cycle (CCC)		 -1.50 -24.43 -30.73 -32.29 -33.70 -33.52 -30.17 -27.81 -34.47 -39.69 -42.15
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -1,717 -3,364 -1,692 182 -593 -875 1,549 4,844 5,183 5,093 5,615
Invested Capital Turnover		 2.86 -18.99 -20.59 -77.45 -285.92 -77.16 188.31 19.68 10.71 10.42 10.33
Increase / (Decrease) in Invested Capital		 -39,412 -1,647 1,672 1,874 -775 -282 2,424 3,295 339 -90 522
Enterprise Value (EV)		 38,800 19,995 30,444 32,499 22,644 23,273 35,122 33,563 31,196 40,364 31,824
Market Capitalization		 36,606 19,470 29,372 31,678 22,044 21,920 31,929 25,694 24,944 33,948 25,863
Book Value per Share		 $15.44 ($2.27) ($2.02) ($0.40) ($0.81) ($1.62) ($1.43) ($3.01) ($1.08) ($1.37) ($0.37)
Tangible Book Value per Share		 $12.28 ($5.56) ($5.35) ($4.18) ($5.10) ($6.27) ($7.33) ($11.50) ($9.77) ($10.32) ($9.68)
Total Capital		 29,962 2,924 -2,336 5,348 3,944 3,989 5,848 7,989 8,415 8,346 9,320
Total Debt		 2,194 6,813 1,072 5,987 5,137 6,217 7,492 11,014 9,484 9,669 9,666
Total Long-Term Debt		 0.00 6,735 0.00 4,524 4,780 5,543 6,386 10,796 9,254 8,263 8,821
Net Debt		 2,194 525 1,072 821 600 1,353 3,193 7,869 6,252 6,416 5,961
Capital Expenditures (CapEx)		 3,179 427 333 374 671 577 582 765 593 592 897
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 11,790 -6,550 978 -7,447 -9,296 -9,762 -10,086 -9,380 -9,513 -9,774 -9,665
Debt-free Net Working Capital (DFNWC)		 11,790 -262 978 -2,281 -4,759 -4,898 -5,787 -6,235 -6,281 -6,521 -5,960
Net Working Capital (NWC)		 9,596 -340 -94 -3,744 -5,116 -5,572 -6,893 -6,453 -6,511 -7,927 -6,805
Net Nonoperating Expense (NNE)		 -428 20 71 1,446 1,692 203 -1,909 170 577 456 480
Net Nonoperating Obligations (NNO)		 -29,485 525 1,716 821 600 1,353 3,193 7,869 6,252 6,416 5,961
Total Depreciation and Amortization (D&A)		 4,061 332 354 528 744 789 785 780 850 830 916
Debt-free, Cash-free Net Working Capital to Revenue		 22.91% -13.58% 1.88% -12.74% -15.82% -17.24% -15.89% -14.91% -17.71% -18.25% -17.48%
Debt-free Net Working Capital to Revenue		 22.91% -0.54% 1.88% -3.90% -8.10% -8.65% -9.12% -9.91% -11.69% -12.18% -10.78%
Net Working Capital to Revenue		 18.65% -0.70% -0.18% -6.40% -8.71% -9.84% -10.86% -10.26% -12.12% -14.80% -12.31%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.51 $1.44 $1.50 $3.30 $2.08 $2.01 $5.38 $0.00 $3.29 $2.83 $2.67
Adjusted Weighted Average Basic Shares Outstanding		 1.81B 1.73B 1.69B 1.62B 1.52B 1.41B 1.21B 0.00 992M 979M 946M
Adjusted Diluted Earnings per Share		 $2.48 $1.43 $1.48 $3.26 $2.07 $2.00 $5.33 $0.00 $3.26 $2.81 $2.65
Adjusted Weighted Average Diluted Shares Outstanding		 1.84B 1.74B 1.70B 1.63B 1.52B 1.42B 1.22B 0.00 1B 989M 953M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.08 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.79B 1.71B 165.23M 1.55B 1.45B 1.29B 1.08B 0.00 990.90M 937.80M 917.98M
Normalized Net Operating Profit after Tax (NOPAT)		 2,749 2,793 2,972 2,860 2,931 3,445 4,907 3,707 2,956 3,556 3,435
Normalized NOPAT Margin		 5.34% 5.79% 5.71% 4.89% 4.99% 6.08% 7.73% 5.89% 5.50% 6.64% 6.21%
Pre Tax Income Margin		 6.86% 7.80% 6.29% 5.15% 4.29% 5.67% 11.93% 6.87% 5.47% 6.12% 4.83%
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		 27.45% 34.38% 35.39% 16.88% 30.77% 35.42% 14.34% 33.11% 31.78% 38.74% 43.02%
Augmented Payout Ratio		 90.76% 80.89% 91.29% 64.88% 107.07% 145.79% 109.88% 170.31% 34.85% 114.41% 76.63%

Quarterly Metrics And Ratios for HP

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 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 10/31/2025 1/31/2026
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.91% -6.48% -4.44% -0.83% 2.45% 1.72% 2.42% 3.28% 3.06% 4.16% 6.92%
EBITDA Growth		 -15.65% 24.30% 29.44% 25.91% -10.23% 0.56% -9.72% -29.32% -10.14% -2.62% -1.78%
EBIT Growth		 -21.08% 31.68% 41.10% 35.78% -11.65% 1.17% -11.22% -36.51% -24.55% -3.25% -4.69%
NOPAT Growth		 -34.43% 4,500.64% 18.28% -45.94% -6.63% -10.15% -7.53% -27.63% 20.35% -12.23% -9.10%
Net Income Growth		 -31.73% 130.01% 32.62% -42.41% -16.45% -6.98% -9.16% -33.11% 19.22% -12.25% -3.54%
EPS Growth		 -29.63% 4,750.00% 31.91% -42.45% -14.47% -4.12% -4.84% -31.15% 23.08% -9.68% -1.69%
Operating Cash Flow Growth		 147.72% 3.73% 856.25% -8.65% 45.90% -17.82% 209.09% -93.46% 16.64% 0.06% 2.41%
Free Cash Flow Firm Growth		 30.89% 124.69% 111.81% 133.55% 166.29% 37.97% 42.47% -106.37% -62.93% -65.34% 1.14%
Invested Capital Growth		 73.48% 7.00% 6.52% -0.28% -6.32% -1.74% 2.18% 9.29% 8.81% 10.25% 0.94%
Revenue Q/Q Growth		 2.24% 4.71% -4.57% -2.92% 5.62% 3.96% -3.92% -2.10% 5.39% 5.07% -1.37%
EBITDA Q/Q Growth		 44.31% -7.72% -6.20% 0.80% 2.88% 3.38% -15.79% -21.09% 30.80% 12.04% -15.07%
EBIT Q/Q Growth		 59.45% -8.97% -6.92% 0.50% 3.76% 4.23% -18.33% -28.13% 23.32% 33.65% -19.54%
NOPAT Q/Q Growth		 -41.91% 48.79% -36.73% -1.14% 0.33% 43.18% -34.89% -22.62% 66.84% 4.42% -32.56%
Net Income Q/Q Growth		 -27.32% 27.15% -36.14% -2.41% 5.44% 41.56% -37.64% -28.14% 87.93% 4.19% -31.45%
EPS Q/Q Growth		 -28.30% 27.63% -36.08% -1.61% 6.56% 43.08% -36.56% -28.81% 90.48% 5.00% -30.95%
Operating Cash Flow Q/Q Growth		 53.46% 102.36% -93.87% 380.17% 145.09% 13.97% -76.96% -89.84% 4,271.05% -2.23% -76.42%
Free Cash Flow Firm Q/Q Growth		 25.76% 149.95% -52.40% 90.08% 46.68% 3.96% -50.85% -108.50% 953.97% -2.81% 43.43%
Invested Capital Q/Q Growth		 -7.45% -9.32% 8.10% 9.92% -13.05% -4.89% 12.41% 17.57% -13.43% -3.64% 2.92%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.39% 21.60% 21.90% 23.62% 21.50% 21.35% 21.03% 20.72% 20.46% 20.23% 19.64%
EBITDA Margin		 8.74% 7.70% 7.57% 7.86% 7.66% 7.61% 6.67% 5.38% 6.68% 7.12% 6.13%
Operating Margin		 7.21% 7.34% 7.09% 7.44% 6.95% 7.05% 6.26% 4.95% 5.14% 6.55% 5.26%
EBIT Margin		 7.09% 6.17% 6.01% 6.23% 6.12% 6.13% 5.21% 3.83% 4.48% 5.70% 4.65%
Profit (Net Income) Margin		 5.80% 7.05% 4.72% 4.74% 4.73% 6.45% 4.18% 3.07% 5.48% 5.43% 3.77%
Tax Burden Percent		 81.84% 114.32% 78.44% 76.16% 77.39% 105.10% 80.26% 80.24% 122.28% 95.32% 81.22%
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		 18.16% -14.32% 21.56% 23.84% 22.61% -5.10% 19.74% 19.76% -22.28% 4.68% 18.78%
Return on Invested Capital (ROIC)		 71.65% 89.89% 54.38% 48.68% 51.83% 77.25% 47.77% 33.44% 61.49% 64.49% 41.74%
ROIC Less NNEP Spread (ROIC-NNEP)		 71.45% 87.27% 53.01% 47.17% 50.64% 75.11% 46.16% 31.87% 59.82% 62.57% 40.67%
Return on Net Nonoperating Assets (RNNOA)		 -212.56% -301.01% -160.25% -218.32% -204.80% -397.78% -238.96% -219.26% -351.56% -463.99% -295.21%
Return on Equity (ROE)		 -140.91% -211.12% -105.86% -169.65% -152.97% -320.53% -191.19% -185.82% -290.06% -399.50% -253.47%
Cash Return on Invested Capital (CROIC)		 4.86% 69.82% 66.11% 55.18% 66.87% 64.64% 53.93% 37.33% 47.71% 46.44% 50.18%
Operating Return on Assets (OROA)		 10.22% 8.77% 8.87% 8.94% 8.73% 8.54% 7.51% 5.45% 6.29% 7.71% 6.50%
Return on Assets (ROA)		 8.37% 10.03% 6.96% 6.81% 6.76% 8.98% 6.03% 4.37% 7.69% 7.35% 5.28%
Return on Common Equity (ROCE)		 -140.91% -211.12% -105.86% -169.65% -152.97% -320.53% -191.19% -185.82% -290.06% -399.50% -253.47%
Return on Equity Simple (ROE_SIMPLE)		 42.63% 0.00% -208.29% -324.13% -204.24% 0.00% -253.54% -197.26% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 779 1,159 733 725 727 1,042 678 525 875 914 616
NOPAT Margin		 5.90% 8.39% 5.56% 5.66% 5.38% 7.41% 5.02% 3.97% 6.28% 6.24% 4.27%
Net Nonoperating Expense Percent (NNEP)		 0.19% 2.62% 1.37% 1.50% 1.19% 2.14% 1.61% 1.57% 1.67% 1.93% 1.07%
Return On Investment Capital (ROIC_SIMPLE)		 - 13.78% 9.14% - - 12.48% 7.87% 5.55% 10.06% 9.81% 6.90%
Cost of Revenue to Revenue		 78.61% 78.40% 78.10% 76.38% 78.50% 78.65% 78.97% 79.28% 79.54% 79.77% 80.36%
SG&A Expenses to Revenue		 9.87% 9.60% 10.49% 11.42% 10.39% 10.02% 10.80% 11.20% 10.42% 9.77% 10.42%
R&D to Revenue		 2.68% 2.97% 3.03% 3.41% 3.06% 2.79% 2.94% 3.03% 2.91% 2.72% 2.72%
Operating Expenses to Revenue		 14.17% 14.27% 14.81% 16.18% 14.54% 14.30% 14.77% 15.77% 15.32% 13.68% 14.38%
Earnings before Interest and Taxes (EBIT)		 936 852 793 797 827 862 704 506 624 834 671
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,153 1,064 998 1,006 1,035 1,070 901 711 930 1,042 885
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)		 0.57 0.46 0.52 0.52 0.66 0.63 0.57 0.44 0.43 0.47 0.32
Price to Earnings (P/E)		 13.80 7.64 8.03 9.21 12.42 12.23 11.21 9.58 8.82 10.23 7.11
Dividend Yield		 3.27% 4.16% 3.83% 3.86% 3.02% 3.13% 3.43% 4.42% 4.61% 4.18% 6.01%
Earnings Yield		 7.25% 13.08% 12.45% 10.86% 8.05% 8.17% 8.92% 10.44% 11.33% 9.78% 14.06%
Enterprise Value to Invested Capital (EV/IC)		 6.86 6.02 6.19 5.59 7.85 7.93 6.51 4.77 5.15 5.67 4.22
Enterprise Value to Revenue (EV/Rev)		 0.72 0.58 0.65 0.65 0.79 0.75 0.69 0.59 0.55 0.58 0.43
Enterprise Value to EBITDA (EV/EBITDA)		 10.96 8.24 8.64 8.15 10.25 9.82 9.29 8.64 8.31 8.88 6.84
Enterprise Value to EBIT (EV/EBIT)		 14.36 10.62 10.95 10.19 12.87 12.31 11.69 11.08 11.14 11.93 9.26
Enterprise Value to NOPAT (EV/NOPAT)		 14.86 8.12 8.82 10.16 12.59 12.49 11.74 10.78 9.56 10.58 8.30
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.21 8.74 9.36 9.42 10.26 10.77 9.31 9.28 8.12 8.61 6.58
Enterprise Value to Free Cash Flow (EV/FCFF)		 179.07 8.91 9.66 10.11 11.36 12.15 12.20 13.35 11.26 12.80 8.45
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -4.31 -8.87 -5.89 -10.47 -6.91 -7.31 -9.04 -8.41 -10.66 -27.94 -12.66
Long-Term Debt to Equity		 -4.11 -8.66 -5.67 -10.18 -5.91 -6.25 -7.72 -7.28 -9.75 -25.49 -11.54
Financial Leverage		 -2.97 -3.45 -3.02 -4.63 -4.04 -5.30 -5.18 -6.88 -5.88 -7.42 -7.26
Leverage Ratio		 -16.63 -18.44 -13.41 -21.71 -20.54 -32.15 -27.57 -34.78 -33.98 -48.94 -43.78
Compound Leverage Factor		 -16.63 -18.44 -13.41 -21.71 -20.54 -32.15 -27.57 -34.78 -33.98 -48.94 -43.78
Debt to Total Capital		 130.20% 112.70% 120.45% 110.56% 116.91% 115.85% 112.44% 113.49% 110.36% 103.71% 108.57%
Short-Term Debt to Total Capital		 5.96% 2.73% 4.48% 3.05% 16.96% 16.85% 16.45% 15.28% 9.42% 9.07% 9.64%
Long-Term Debt to Total Capital		 124.24% 109.97% 115.97% 107.50% 99.95% 99.01% 95.99% 98.20% 100.93% 94.65% 98.94%
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		 -30.20% -12.70% -20.45% -10.56% -16.91% -15.85% -12.44% -13.49% -10.36% -3.71% -8.57%
Debt to EBITDA		 2.70 2.50 2.41 2.27 2.35 2.35 2.42 2.89 2.66 2.70 2.72
Net Debt to EBITDA		 2.22 1.65 1.80 1.68 1.64 1.56 1.69 2.15 1.86 1.66 1.83
Long-Term Debt to EBITDA		 2.58 2.44 2.32 2.21 2.01 2.01 2.06 2.50 2.43 2.46 2.48
Debt to NOPAT		 3.67 2.47 2.46 2.83 2.88 2.99 3.05 3.61 3.06 3.21 3.30
Net Debt to NOPAT		 3.02 1.63 1.84 2.09 2.02 1.99 2.14 2.69 2.14 1.98 2.23
Long-Term Debt to NOPAT		 3.50 2.41 2.36 2.75 2.46 2.56 2.60 3.12 2.80 2.93 3.01
Altman Z-Score		 1.68 1.62 1.65 1.63 1.67 1.58 1.57 1.50 1.47 1.49 1.38
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		 0.69 0.73 0.71 0.75 0.71 0.72 0.72 0.73 0.74 0.77 0.76
Quick Ratio		 0.24 0.31 0.26 0.28 0.28 0.29 0.26 0.27 0.29 0.32 0.29
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,642 820 390 742 1,088 1,132 556 -47 403 392 562
Operating Cash Flow to CapEx		 712.41% 1,473.88% 76.58% 488.24% 879.01% 1,060.78% 123.84% 20.77% 772.56% 824.37% 164.38%
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		 1.44 1.42 1.48 1.44 1.43 1.39 1.44 1.42 1.40 1.35 1.40
Accounts Receivable Turnover		 12.43 12.23 13.09 12.54 11.82 11.45 13.48 12.55 11.19 10.23 11.81
Inventory Turnover		 5.65 5.83 5.82 5.60 5.54 5.73 5.48 5.46 5.36 5.41 5.22
Fixed Asset Turnover		 20.22 19.18 19.06 19.05 19.00 18.66 18.88 18.90 18.79 18.55 18.89
Accounts Payable Turnover		 2.93 2.88 3.10 2.98 2.81 2.70 2.83 2.90 2.67 2.51 2.58
Days Sales Outstanding (DSO)		 29.35 29.84 27.89 29.12 30.89 31.87 27.07 29.09 32.63 35.67 30.90
Days Inventory Outstanding (DIO)		 64.62 62.59 62.77 65.14 65.88 63.76 66.62 66.87 68.08 67.47 69.92
Days Payable Outstanding (DPO)		 124.45 126.89 117.72 122.37 129.98 135.32 128.89 126.00 136.76 145.30 141.24
Cash Conversion Cycle (CCC)		 -30.48 -34.47 -27.06 -28.12 -33.21 -39.69 -35.20 -30.04 -36.04 -42.15 -40.42
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,716 5,183 5,603 6,159 5,355 5,093 5,725 6,731 5,827 5,615 5,779
Invested Capital Turnover		 12.14 10.71 9.78 8.59 9.63 10.42 9.51 8.42 9.79 10.33 9.78
Increase / (Decrease) in Invested Capital		 2,421 339 343 -17 -361 -90 122 572 472 522 54
Enterprise Value (EV)		 39,228 31,196 34,690 34,415 42,063 40,364 37,275 32,112 30,022 31,824 24,391
Market Capitalization		 31,267 24,944 27,447 27,340 35,316 33,948 30,478 24,105 23,294 25,863 17,846
Book Value per Share		 ($2.28) ($1.08) ($1.65) ($0.93) ($1.42) ($1.37) ($1.14) ($1.35) ($0.96) ($0.37) ($0.83)
Tangible Book Value per Share		 ($11.01) ($9.77) ($10.30) ($9.69) ($10.22) ($10.32) ($10.31) ($10.60) ($10.24) ($9.68) ($10.34)
Total Capital		 7,434 8,415 8,020 8,676 8,233 8,346 8,619 9,461 8,701 9,320 8,933
Total Debt		 9,679 9,484 9,660 9,592 9,625 9,669 9,691 10,737 9,602 9,666 9,699
Total Long-Term Debt		 9,236 9,254 9,301 9,327 8,229 8,263 8,273 9,291 8,782 8,821 8,838
Net Debt		 7,961 6,252 7,243 7,075 6,747 6,416 6,797 8,007 6,728 5,961 6,545
Capital Expenditures (CapEx)		 137 134 158 119 162 153 302 183 215 197 233
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -9,002 -9,513 -9,057 -8,498 -9,210 -9,774 -9,076 -8,382 -9,344 -9,665 -9,357
Debt-free Net Working Capital (DFNWC)		 -7,284 -6,281 -6,640 -5,981 -6,332 -6,521 -6,182 -5,652 -6,470 -5,960 -6,203
Net Working Capital (NWC)		 -7,727 -6,511 -6,999 -6,246 -7,728 -7,927 -7,600 -7,098 -7,290 -6,805 -7,064
Net Nonoperating Expense (NNE)		 13 185 111 118 87 136 113 119 112 119 71
Net Nonoperating Obligations (NNO)		 7,961 6,252 7,243 7,075 6,747 6,416 6,797 8,007 6,728 5,961 6,545
Total Depreciation and Amortization (D&A)		 217 212 205 209 208 208 197 205 306 208 214
Debt-free, Cash-free Net Working Capital to Revenue		 -16.46% -17.71% -17.05% -16.03% -17.27% -18.25% -16.85% -15.44% -17.08% -17.48% -16.64%
Debt-free Net Working Capital to Revenue		 -13.32% -11.69% -12.50% -11.29% -11.88% -12.18% -11.47% -10.41% -11.83% -10.78% -11.03%
Net Working Capital to Revenue		 -14.13% -12.12% -13.18% -11.79% -14.49% -14.80% -14.11% -13.07% -13.32% -12.31% -12.56%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.99 $0.63 $0.62 $0.65 $0.93 $0.60 $0.43 $0.81 $0.83 $0.59
Adjusted Weighted Average Basic Shares Outstanding		 0.00 992M 995M 984M 979M 979M 948M 950M 947M 946M 926M
Adjusted Diluted Earnings per Share		 $0.00 $0.97 $0.62 $0.61 $0.65 $0.93 $0.59 $0.42 $0.80 $0.84 $0.58
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 1B 1.00B 990M 990M 989M 957M 956M 954M 953M 932M
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		 0.00 990.90M 980.73M 978.56M 963.72M 937.80M 942.70M 939.27M 934.70M 917.98M 914.55M
Normalized Net Operating Profit after Tax (NOPAT)		 880 811 804 796 780 787 739 636 584 1,026 717
Normalized NOPAT Margin		 6.67% 5.87% 6.10% 6.22% 5.77% 5.60% 5.47% 4.81% 4.19% 7.01% 4.97%
Pre Tax Income Margin		 7.09% 6.17% 6.01% 6.23% 6.12% 6.13% 5.21% 3.83% 4.48% 5.70% 4.65%
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		 -107.21% 31.78% 30.83% 35.80% 37.71% 38.74% 39.48% 42.79% 40.95% 43.02% 43.52%
Augmented Payout Ratio		 -196.03% 34.85% 45.46% 56.01% 79.92% 114.41% 102.02% 110.33% 88.30% 76.63% 86.37%

Financials Breakdown Chart

Key Financial Trends

HP Inc. (NYSE: HPQ) has a multi-year, multi-quarter data picture. Over the last four years, revenue has remained in the mid-teens billions with stable cash generation from operations, but the balance sheet shows high leverage and periods of liquidity pressure. The quarterly data also show ongoing shareholder returns through dividends and buybacks. Below is a concise, investor-facing summary of the key trends.

  • Strong operating cash flow in late 2024–2025, with continuing-operations cash from operating activities around $1.62B in Q4 2025 and $1.66B in Q3 2025, highlighting solid cash generation from core operations.
  • Sustained dividend policy, with a typical quarterly cash dividend around $0.60 per share observed in recent quarters, supporting income-focused investors.
  • Recent quarters show solid net income and earnings per share, notably Q4 2025 net income of $795M and EPS of $0.83 (basic) and Q3 2025 net income of $763M and EPS of $0.81 (basic).
  • Top-line stability with mild growth, for example Q4 2025 revenue of $14.64B versus Q4 2024 at $14.06B, indicating year-over-year revenue strength in the latest period.
  • Robust near-term free cash flow in late 2025 (approximately $1.4B–$1.5B per quarter when combining CFO around $1.6B with moderate capex around $200M), suggesting meaningful cash available for debt reduction, buybacks, or further dividends.
  • Liquidity signals show current liabilities exceeding current assets in several quarters (for example, Q1 2026: Total current assets around $22.2B vs. Total current liabilities around $29.3B), implying a current ratio below 1 in that period.
  • Balance sheet signs of leverage: long-term and total liabilities remain in the tens of billions with total equity frequently reflecting weak or negative levels in several quarters, signaling balance-sheet risk that investors should monitor.
  • Earnings and profitability swing quarter to quarter, with net income and EPS fluctuating across periods due to non-cash adjustments and tax effects, so recent strength may not always repeat in the next quarter.
  • Cash flow timing risk: several quarters show negative net change in cash, including a notable -$559M change in HPQ’s cash balance for Q1 2026, implying periodic cash outflow pressure despite positive CFO in adjacent periods.
  • High leverage remains a concern: total liabilities are substantial relative to assets in multiple periods, indicating continued reliance on debt financing and potential balance-sheet stress in adverse scenarios.
05/06/26 12:56 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About HP's Financials

When does HP's financial year end?

According to the most recent income statement we have on file, HP's fiscal year ends in October. Their fiscal year 2025 ended on October 31, 2025.

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

In the past 10 years, HP's net income has ranged from $2.50 billion in 2016 to $6.54 billion in 2021, and is currently $2.53 billion as of their latest financial filing in 2025. See where experts think HP is headed by visiting HP's forecast page.

What is HP's operating income?
HP's total operating income in 2025 was $3.17 billion, based on the following breakdown:
  • Total Gross Profit: $11.39 billion
  • Total Operating Expenses: $8.22 billion
How has HP's revenue changed over the last 10 years?

Over the last 10 years, HP's total revenue changed from $51.46 billion in 2015 to $55.30 billion in 2025, a change of 7.4%.

How much debt does HP have?

HP's total liabilities were at $42.12 billion at the end of 2025, a 2.1% increase from 2024, and a 60.2% increase since 2015.

How much cash does HP have?

In the past 10 years, HP's cash and equivalents has ranged from $0.00 in 2015 to $6.29 billion in 2016, and is currently $3.71 billion as of their latest financial filing in 2025.

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 15.44 in 2015 to -0.37 in 2025, a change of -102.4%.


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Financial statements for NYSE:HPQ last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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