Loading company financials…
NEW YORK STOCK EXCHANGE, INC. · Technology · CIK 0000047217
$33.76
+7.79% · live
Updated
$31.09B market value
From HP INC's FY2025 10-K, filed Dec 10, 2025 · read the filing
HP makes computers and computing hardware. It took in $55.30B last year, which makes it a very large company. Of every dollar it sells, about 5 cents is left as profit.
The financial picture is led by accounting, with profitability and growth worth watching, while debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
A published bankruptcy-risk model places it in its distress range. This is a statistical reading, not a forecast.
Altman Z-Score 1.75
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From HP INC's FY2025 annual filing · share price scored separately
Largest year-over-year changes in FY2025
Capital spending
$592.0M → $897.0M
Operating income
$3.82B → $3.17B
Profit
$2.77B → $2.53B
Gross margin
22.1% → 20.6%
Measured against FY2024, from the 10-K filed Dec 10, 2025
Changed: +51.5%
$592.0M to $897.0MCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -16.9%
$3.82B to $3.17BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
How the latest move compares (quote live), and what was published around it
HPQ rose 7.79% on the latest quote. The average Technology company tracked here moved −1.36%, and the S&P 500 −1.04%. That is 9.2 points above its sector and 8.8 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 0% a year for the next 10 years. Over the last 10 years it shrank by about 2% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 5 cents of every dollar of sales as profit, earning $2.53B last year.
Slowly. Sales grew 3.2% last year.
No. At its current cash flow it could clear its debt in about 1.6 years. For every $1 it owes, it owns $0.99 in assets. A bankruptcy-risk model also places it in its distress range.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 43 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 29% of the cash its operations generated. It has paid in each of the last 12 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2025 annual filing
Last year it earned $2.53B and generated $3.70B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202510-K · Dec 10, 2025Filing for FY2025 | FY202410-K · Dec 13, 2024Filing for FY2024 | FY202310-K · Dec 13, 2024Filing for FY2023 | FY202210-K · Dec 13, 2024Filing for FY2022 | FY202110-K/A · Sep 11, 2023Filing for FY2021 | ChangeFY2025 vs FY2024 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $55.30B | $53.56B | $53.72B | $62.91B | $63.46B | +3.2% |
| Cost of revenue | $43.90B | $41.74B | $42.21B | $50.65B | $50.05B | +5.2% |
| Gross profit | $11.39B | $11.82B | $11.51B | $12.26B | $13.41B† | −3.6% |
| Gross marginGross profit ÷ revenueWhat is this? | 20.6% | 22.1% | 21.4% | 19.5% | 21.1% | −1.5 pts |
| Selling, general and administrative | $5.82B | $5.66B | $5.36B | $5.26B | $5.73B | +2.9% |
| Operating income | $3.17B | $3.82B | $3.46B | $4.56B | $5.36B | −16.9% |
| Operating marginOperating income ÷ revenueWhat is this? | 5.7% | 7.1% | 6.4% | 7.2% | 8.4% | −1.4 pts |
| Interest expense | $430.0M | $452.0M | $548.0M | $359.0M | $254.0M | −4.9% |
| Income before tax | $2.67B | $3.28B | $2.94B | $4.32B | $7.57B | −18.6% |
| Net income | $2.53B | $2.77B | $3.26B | $3.13B | $6.54B | −8.9% |
| Net marginNet income ÷ revenueWhat is this? | 4.6% | 5.2% | 6.1% | 5.0% | 10.3% | −0.6 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $2.75 | $2.96 | $3.30 | $3.20 | $5.99 | −7.1% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| HPQHP INC · this page | 6.0/10 | 5/9 |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 31,572 shares at $32.12 ($1.0M)
Holds 8,008 shares after this filing.
Gifted shares — 12,176 shares
Holds 0 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Made a Regulation FD disclosure
Read the filingQuarterly report for Q3 FY2026
Revenue +12.5% · Profit margin −1.3 pts · Cash +45.2% — against Q3 FY2025
Read the filingWrite down why you are following HP INC, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 267 subsidiaries named in its 10-K, incorporated across 73 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from HPQ's 10-K for fiscal year 2025 (period ending 2025-10-31, filed Dec 10, 2025), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2025 | 8.0 | 5/9 | 10-K, filed Dec 10, 2025 |
| FY2024 | 7.0 | 6/9 | 10-K, filed Dec 13, 2024 |
| FY2023 | 7.0 | 7/9 | 10-K, filed Dec 18, 2023 |
| FY2022 | 7.0 | 4/9 | 10-K/A, filed Sep 11, 2023 |
| FY2021 | 9.0 | 6/9 | 10-K/A, filed Sep 11, 2023 |
| FY2020 | 7.0 | 4/9 | 10-K, filed Dec 10, 2020 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
1.75
In the distress zone
For this model, above 2.99 is safe and below 1.81 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.49
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2025 filing as filed with the SEC.
Deteriorated: -8.9%
$2.77B to $2.53BNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −1.5 pts
22.1% to 20.6%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −1.4 pts
7.1% to 5.7%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Deteriorated: -11.3%
$3.16B to $2.80BNotable
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -7.1%
$2.96 to $2.75Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +6.8%
$8.26B to $8.82BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +14.0%
$3.24B to $3.69BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -1.9%
939.0M to 921.0MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q3 FY2026 against Q3 FY2025, from the 10-Q filed Aug 27, 2026 — read it.
Improved: +45.2%
$2.87B to $4.17BCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +24.6%
$716.0M to $892.0MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +12.5%
$13.93B to $15.68BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: -13.4%
$763.0M to $661.0MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −1.7 pts
20.5% to 18.8%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −1.3 pts
5.5% to 4.2%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -9.9%
$0.81 to $0.73Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -10.4%
$8.78B to $7.87BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: -3.8%
939.0M to 903.0MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q3 FY2026 against Q2 FY2026, from the 10-Q filed Aug 27, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +45.8%
$612.0M to $892.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +46.9%
$450.0M to $661.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +48.7%
$0.49 to $0.73Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +8.8%
$14.41B to $15.68BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Deteriorated: −2.1 pts
20.9% to 18.8%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +1.4 pts
4.2% to 5.7%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.1 pts
3.1% to 4.2%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: -11.2%
$8.86B to $7.87BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +12.6%
$3.70B to $4.17BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -1.2%
914.0M to 903.0MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
4 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
Loading price history…
Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between -2% and 2%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 26 analysts covering this company, as of . Their views, not this site's.
Of 26 analysts publishing on this company, 1 say strong buy, 1 say buy, 13 say hold, 10 say sell and 1 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 7.9% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 12.9x — investors pay $12.9 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
| 3.2% |
| 4.6% |
| 12.29x |
| -121.72x |
| WDCWESTERN DIGITAL CORP | 8.0/10 | 7/9 | 35.7% | 72.9% | 13.57x | 0.56x |
|---|
| HPEHewlett Packard Enterprise Co | 4.7/10 | 5/8 | 13.8% | 0.2% | 1282.91x | 2.07x |
|---|
| NTAPNetApp, Inc. | 9.0/10 | 8/9 | 5.4% | 18.4% | 32.64x | 6.95x |
|---|
| SMCISuper Micro Computer, Inc. | 7.3/10 | 2/8 | 77.8% | 5.7% | 9.93x | 1.07x |
|---|
| Median of peers | 7.7/10 | — | 24.8% | 12.1% | 23.11x | 1.57x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Gifted shares — 12,176 shares
Holds 12,176 shares after this filing.
Gifted shares — 12,176 shares
Holds 0 shares after this filing.
Gifted shares — 12,176 shares
Holds 12,176 shares after this filing.
Sold on the open market — 21,048 shares at $29.98 ($631.0K)
Holds 39,580 shares after this filing.
Exercised stock options — 166,746 shares
Holds 268,880 shares after this filing.
Had shares withheld to cover taxes — 69,173 shares at $28.52 ($2.0M)
Holds 199,707 shares after this filing.
Sold on the open market — 10,524 shares at $27.88 ($293.4K)
Holds 71,152 shares after this filing.
Sold on the open market — 10,524 shares at $27.98 ($294.5K)
Holds 60,628 shares after this filing.
Sold on the open market — 10,524 shares at $27.98 ($294.5K)
Holds 81,676 shares after this filing.
Exercised stock options — 22,637 shares
Holds 22,637 shares after this filing.
Had shares withheld to cover taxes — 5,513 shares at $24.63 ($135.8K)
Holds 17,124 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 31,572 shares ($1.0M) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 21,048 shares ($631.0K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 10,524 shares ($294.5K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 10,524 shares ($293.4K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Filed notice to sell 10,524 shares ($294.5K) on or after .
Shares originally obtained via Restricted Stock Vesting.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Published results
Amended its charter or changed its financial year
Read the filingQuarterly report for Q2 FY2026
Revenue +9.0% · Cash +37.3% · Gross profit +10.1% — against Q2 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Held a shareholder vote
Read the filingProxy statement for a shareholder meeting
Read the filingQuarterly report for Q1 FY2026
Revenue +6.9% · Operating margin −1.0 pts · Free cash flow +108.3% — against Q1 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Published results · Amended its charter or changed its financial year · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2025
Operating margin −1.4 pts · Capital spending +51.5% · Operating income -16.9% — against FY2024
Read the filingAnnounced restructuring or exit costs · Published results · Made a Regulation FD disclosure
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q3 FY2025
Operating margin −1.8 pts · Operating income -23.8% · Profit +19.2% — against Q3 FY2024
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Amended its charter or changed its financial year
Read the filingQuarterly report for Q2 FY2025
Operating margin −2.5 pts · Operating income -31.3% · Profit -33.1% — against Q2 FY2024
Read the filingPublished results
Read the filingThe first 40 of 267. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2025-12-10. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
Coverage from the last 30 days
HP Brings Ferrari’s Creative Vision to Life for the Special Austin GP Livery
Yahoo Finance ·
Here's where one strategist is putting new money in the AI trade
Yahoo Finance ·
HPQ's AI PC Demand Rises: Can it Offset Declining PC Shipments?
Yahoo Finance ·
Can HPQ Protect Margins Amid Rising Memory & Storage Costs?
Yahoo Finance ·
HP (HPQ) Dropped, So What Is Drawing Fresh Attention Now?
Yahoo Finance ·
HP (HPQ) Suffers a Larger Drop Than the General Market: Key Insights
Yahoo Finance ·
HP (HPQ) Outperforms Broader Market: What You Need to Know
Yahoo Finance ·
Q2 Earnings Highs And Lows: HP (NYSE:HPQ) Vs The Rest Of The Hardware & Infrastructure Stocks
Yahoo Finance ·
HPQ Jumps 37% YTD: Should You Buy, Sell, or Hold the Stock?
Yahoo Finance ·
Do HP's Dividends Make Up For A Lagging Stock?
Yahoo Finance ·
HPE Stock’s Worst Week Ever Exposes Wall Street’s Newest Fear
Yahoo Finance ·
Barclays Downgrades HPE, Dell, NetApp On Enterprise AI Spending Trends
Yahoo Finance ·
Primary sources and further research