Overview
HP INC
Latest 10-K: FY2025, filed Dec 10, 2025 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $55.30B
- 3.2%YoYup from FY2024
- TotalRevenue
- Gross profit
- $11.39B
- 3.6%YoYdown from FY2024
- GrossProfit
- Operating income
- $3.17B
- 16.9%YoYdown from FY2024
- OperatingIncome
- Net income
- $2.53B
- 8.9%YoYdown from FY2024
- NetIncome
- Diluted EPS
- $2.65
- 5.7%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 953.0M
- 3.6%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- HP INC reported revenue of $55.30B for fiscal 2025, up 3.2% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 0 of the last 5 fiscal years.
Profitability
- Operating margin was 5.7% and net margin was 4.6%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $2.65, down 5.7% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $55.30B3.2%up Benchmark median 6.4% | $53.56B0.3%down Benchmark median 4.5% | $53.72B14.6%down Benchmark median 4.8% | $62.91B0.9%down Benchmark median 10.3% | $63.46B12.0%up Benchmark median 13.8% | -3.4% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $11.39B3.6%down Benchmark median 6.8% | $11.82B2.7%up Benchmark median 5.5% | $11.51B6.2%down Benchmark median 5.2% | $12.26B8.5%down Benchmark median 8.3% | $13.41B28.7%up Benchmark median 15.7% | -4.0% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $3.17B16.9%down Benchmark median 7.3% | $3.82B10.5%up Benchmark median 7.4% | $3.46B24.2%down Benchmark median 4.9% | $4.56B14.9%down Benchmark median 7.5% | $5.36B55.7%up Benchmark median 23.5% | -12.3% Benchmark median 7.2% |
| Net Income | $2.53B8.9%down Benchmark median 4.8% | $2.77B15.0%down Benchmark median 5.7% | $3.26B4.2%up Benchmark median 1.9% | $3.13B52.1%down Benchmark median 1.3% | $6.54B132.4%up Benchmark median 33.9% | -21.1% Benchmark median 4.1% |
| EPS (Diluted) | $2.655.7%down Benchmark median 6.2% | $2.8113.8%down Benchmark median 7.9% | $3.269.4%up Benchmark median 1.9% | $2.9844.4%down Benchmark median 1.5% | $5.36170.7%up Benchmark median 34.8% | -16.1% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $41.77B4.7%up Benchmark median 5.6% | $39.91B7.9%up Benchmark median 3.4% | $37.00B3.9%down Benchmark median 4.1% | $38.49B0.3%down Benchmark median 2.2% | $38.60B11.3%up Benchmark median 6.7% | 2.0% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — Benchmark median 4.4% |
| Stockholders' Equity | negative: -$0.35Bn/m Benchmark median 6.8% | negative: -$1.32Bn/m Benchmark median 5.4% | negative: -$1.07Bn/m Benchmark median 7.3% | negative: -$3.02Bn/m Benchmark median 2.5% | negative: -$1.64Bn/m Benchmark median 9.0% | n/m Benchmark median 6.1% |
| Cash & Equivalents | $3.69B14.0%up Benchmark median 5.2% | $3.24B4.2%up Benchmark median 1.9% | $3.11B1.2%down Benchmark median 6.7% | $3.15B26.8%down Benchmark median -8.6% | $4.30B11.6%down Benchmark median -2.9% | -3.7% Benchmark median 2.0% |
| Total Debt | $9.70B0.0%unchanged Benchmark median 2.1% | $9.70B2.1%up Benchmark median 0.2% | $9.50B13.6%down Benchmark median 0.3% | $11.00B46.7%up Benchmark median 0.1% | $7.50B21.0%up Benchmark median -0.1% | 6.6% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.70B1.4%down Benchmark median 6.3% | $3.75B5.0%up Benchmark median 4.8% | $3.57B20.0%down Benchmark median 9.9% | $4.46B30.4%down Benchmark median -0.7% | $6.41B48.5%up Benchmark median 10.7% | -12.9% Benchmark median 7.0% |
| Capital Expenditures | $897.00M51.5%up Benchmark median 5.4% | $592.00M0.2%down Benchmark median 2.8% | $593.00M22.5%down Benchmark median 11.3% | $765.00M31.4%up Benchmark median 14.0% | $582.00M0.3%up Benchmark median 8.1% | 11.4% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $2.80B11.3%down Benchmark median 7.3% | $3.16B6.0%up Benchmark median 6.1% | $2.98B19.5%down Benchmark median 8.8% | $3.70B36.5%down Benchmark median -11.3% | $5.83B56.0%up Benchmark median 10.2% | -16.7% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
9.6%
Wall Street
on net earnings
FY2024 7.9%
10.6%
Value investor
on free cash flow
FY2024 9.0%
Gap +1.0 pts: Value-investor figure 1.0 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 10.4×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
12.6%
Wall Street
on EBITDA
FY2024 11.2%
9.8%
Value investor
on EBIT
FY2024 9.2%
Gap −2.8 pts: Value-investor figure 2.8 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 7.9×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
n/m
Wall Street
on book equity
FY2024 n/m
n/m
Value investor
on tangible book
FY2024 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
n/m
Wall Street
ROE: net income ÷ equity
FY2024 n/m
31.4%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 34.7%
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
7.4%
Wall Street
EBITDA margin
FY2024 8.7%
5.1%
Value investor
Free-cash-flow margin
FY2024 5.9%
Gap −2.3 pts: Value-investor figure 2.3 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
0.77×
Wall Street
Current ratio
FY2024 0.72×
0.48×
Value investor
Quick ratio, inventory excluded
FY2024 0.45×
Gap −0.29×: Value-investor figure 0.29 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.42×
Wall Street
EBITDA ÷ total debt
FY2024 0.48×
0.29×
Value investor
FCF ÷ total debt
FY2024 0.33×
Gap −0.13×: Value-investor figure 0.13 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 1.47×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
9.5×
Wall Street
EBITDA ÷ interest
FY2024 10.3×
7.4×
Value investor
EBIT ÷ interest
FY2024 8.4×
Gap −2.1×: Value-investor figure 2.1 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on HPQ yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on HPQ and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/HPQ
Valuein. (2026, October 30). HP INC (HPQ) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/HPQ
@misc{valuein_hpq_2026,
author = {{Valuein}},
title = {HP INC (HPQ) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/HPQ}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Dec 10, 2025 · accession 0000047217-25-000071
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