NYSE : HPE
Hewlett Packard Enterprise Company — Financial statements
Technology · Communication Equipment · United States
Last price 58.87 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 78.15B
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Financial statements
Hewlett Packard Enterprise Company (HPE) reported revenue of 41.87B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 41.09B | 33.53B | 29.46B | 28.59B | 28.01B | 27.29B |
| Other Revenue | 779.00M | 767.00M | 668.00M | 547.00M | 483.00M | 494.00M |
| Revenue | 41.87B | 34.30B | 30.13B | 29.14B | 28.50B | 27.78B |
| Cost of Revenue | 26.06B | 23.42B | 19.75B | 18.51B | 18.67B | 18.20B |
| Gross Profit | 15.33B | 10.38B | 9.88B | 10.24B | 9.52B | 9.38B |
| Selling, General & Admin | 7.08B | 5.58B | 4.87B | 5.15B | 4.80B | 4.85B |
| Research & Development | 3.73B | 2.52B | 2.25B | 2.35B | 2.04B | 1.98B |
| Amortization of Goodwill & Intangibles | 1.26B | 511.00M | 267.00M | 288.00M | 293.00M | 354.00M |
| Other Operating Expenses | -138.00M | -65.00M | ||||
| Operating Expenses | 11.93B | 8.61B | 7.38B | 7.79B | 7.14B | 7.12B |
| Operating Income | 3.40B | 1.76B | 2.50B | 2.45B | 2.38B | 2.26B |
| Interest Expense | -927.00M | -598.00M | -282.00M | -326.00M | -260.00M | -289.00M |
| Interest & Investment Income | 273.00M | 406.00M | 197.00M | 127.00M | 39.00M | 18.00M |
| Earnings From Equity Investments | 47.00M | 79.00M | 147.00M | 245.00M | 215.00M | 180.00M |
| Currency Exchange Gain (Loss) | -39.00M | -234.00M | -81.00M | -241.00M | 877.00M | -141.00M |
| Other Non Operating Income (Expenses) | 247.00M | 250.00M | 57.00M | 363.00M | -980.00M | 137.00M |
| EBT Excluding Unusual Items | 3.00B | 1.67B | 2.54B | 2.62B | 2.27B | 2.16B |
| Merger & Restructuring Charges | -384.00M | -460.00M | -304.00M | -353.00M | -492.00M | -966.00M |
| Impairment of Goodwill | 1.36B | -905.00M | ||||
| Gain (Loss) on Sale of Investments | 325.00M | -119.00M | 720.00M | -36.00M | 69.00M | 64.00M |
| Gain (Loss) on Sale of Assets | 3.00M | 248.00M | ||||
| Asset Writedown | -1.62B | -1.62B | ||||
| Legal Settlements | -52.00M | 2.35B | ||||
| Other Unusual Items | -65.00M | -23.00M | ||||
| Pretax Income | 2.63B | -285.00M | 2.95B | 2.23B | 876.00M | 3.59B |
| Income Tax Expense | -158.00M | -342.00M | 374.00M | 205.00M | 8.00M | 160.00M |
| Earnings From Continuing Operations | 2.79B | 57.00M | 2.58B | 2.02B | 868.00M | 3.43B |
| Net Income | 2.79B | 57.00M | 2.58B | 2.02B | 868.00M | 3.43B |
| Preferred Dividends & Other Adjustments | 116.00M | 116.00M | 25.00M | |||
| Net Income to Common | 2.67B | -59.00M | 2.55B | 2.02B | 868.00M | 3.43B |
| Shares Outstanding (Basic) | 1.33B | 1.32B | 1.31B | 1.30B | 1.30B | 1.31B |
| Shares Outstanding (Diluted) | 1.41B | 1.32B | 1.34B | 1.32B | 1.32B | 1.33B |
| EPS (Basic) | 2.00 | -0.04 | 1.95 | 1.56 | 0.67 | 2.62 |
| EPS (Diluted) | 1.96 | -0.04 | 1.93 | 1.54 | 0.66 | 2.58 |
| Free Cash Flow | 4.16B | 627.00M | 1.97B | 1.60B | 1.47B | 3.37B |
| Free Cash Flow Per Share | 2.94 | 0.47 | 1.48 | 1.22 | 1.11 | 2.53 |
| Dividend Per Share | 0.56 | 0.52 | 0.52 | 0.48 | 0.48 | 0.48 |
| Gross Margin | 36.62% | 30.26% | 32.79% | 35.14% | 33.40% | 33.75% |
| Operating Margin | 8.12% | 5.14% | 8.29% | 8.41% | 8.34% | 8.12% |
| Profit Margin | 6.39% | -0.17% | 8.48% | 6.95% | 3.05% | 12.33% |
| Free Cash Flow Margin | 9.93% | 1.83% | 6.55% | 5.49% | 5.16% | 12.13% |
| EBITDA | 6.89B | 4.50B | 5.06B | 5.07B | 4.86B | 4.85B |
| EBITDA Margin | 16.46% | 13.12% | 16.81% | 17.39% | 17.05% | 17.47% |
| D&A For EBITDA | 3.49B | 2.74B | 2.56B | 2.62B | 2.48B | 2.60B |
| EBIT | 3.40B | 1.76B | 2.50B | 2.45B | 2.38B | 2.26B |
| EBIT Margin | 8.12% | 5.14% | 8.29% | 8.41% | 8.34% | 8.12% |
| Effective Tax Rate | 12.67% | 9.19% | 0.91% | 4.46% | ||
| Revenue as Reported | 41.87B | 34.30B | 30.13B | 29.14B | 28.50B | 27.78B |
| Advertising Expenses | 179.00M | 117.00M | 173.00M | 179.00M | 188.00M |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.22B | 5.05B | 14.31B | 3.57B | 3.24B | 3.10B |
| Trading Asset Securities | 15.00M | |||||
| Cash & Short-Term Investments | 6.22B | 5.05B | 14.31B | 3.57B | 3.24B | 3.11B |
| Accounts Receivable | 6.18B | 5.29B | 3.55B | 3.48B | 4.10B | 3.98B |
| Other Receivables | 900.00M | |||||
| Receivables | 6.18B | 5.29B | 3.55B | 3.48B | 4.10B | 4.88B |
| Inventory | 11.82B | 6.35B | 7.81B | 4.61B | 5.16B | 4.51B |
| Finance Div. Loans and Leases | 3.84B | 3.83B | 3.87B | 3.54B | 3.52B | 3.93B |
| Finance Div. Other Current Assets | 727.00M | 533.00M | 700.00M | 923.00M | 898.00M | |
| Restricted Cash | 62.00M | 86.00M | 259.00M | 311.00M | 600.00M | 336.00M |
| Other Current Assets | 5.74B | 3.67B | 3.12B | 2.74B | 2.96B | 1.21B |
| Total Current Assets | 33.87B | 24.99B | 33.46B | 18.95B | 20.51B | 18.88B |
| Property, Plant & Equipment | 5.64B | 4.38B | 3.44B | 2.87B | 2.54B | 2.50B |
| Long-Term Investments | 955.00M | 929.00M | 2.20B | 2.33B | 2.54B | |
| Goodwill | 23.91B | 23.63B | 17.94B | 17.84B | 17.26B | 18.16B |
| Other Intangible Assets | 5.55B | 6.37B | 510.00M | 654.00M | 733.00M | 1.02B |
| Finance Div. Loans and Leases Long-Term | 5.86B | 5.72B | 5.58B | 5.03B | 4.51B | 5.04B |
| Long-Term Deferred Tax Assets | 2.95B | 2.40B | 2.26B | 2.13B | 2.02B | |
| Long-Term Deferred Charges | 153.00M | 124.00M | 95.00M | |||
| Other Long-Term Assets | 8.62B | 3.61B | 3.23B | 3.10B | 2.75B | 3.30B |
| Total Assets | 83.60B | 75.91B | 71.26B | 57.15B | 57.12B | 57.70B |
| Accounts Payable | 13.73B | 7.73B | 11.06B | 7.14B | 8.72B | 7.00B |
| Accrued Expenses | 7.73B | 5.52B | 4.65B | 3.58B | 3.55B | 5.12B |
| Short-Term Debt | 142.00M | 132.00M | 124.00M | 167.00M | 194.00M | 234.00M |
| Current Portion of Long-Term Debt | 2.14B | 3.79B | 3.96B | 4.02B | 3.87B | 2.61B |
| Current Portion of Leases | 322.00M | 267.00M | 199.00M | 173.00M | 197.00M | |
| Finance Div. Debt Current | 622.00M | 681.00M | 649.00M | 679.00M | 542.00M | 705.00M |
| Current Income Taxes Payable | 319.00M | 284.00M | 155.00M | 176.00M | 169.00M | |
| Current Unearned Revenue | 5.91B | 5.97B | 4.19B | 4.05B | 3.45B | 3.41B |
| Other Current Liabilities | 165.00M | 177.00M | 777.00M | 1.90B | 2.50B | 1.24B |
| Total Current Liabilities | 30.44B | 24.64B | 25.97B | 21.88B | 23.17B | 20.69B |
| Long-Term Debt | 17.42B | 17.73B | 13.47B | 7.60B | 7.99B | 9.85B |
| Long-Term Leases | 1.42B | 1.34B | 1.00B | 894.00M | 986.00M | |
| Long-Term Unearned Revenue | 5.42B | 4.98B | 3.58B | 3.28B | 2.96B | 2.97B |
| Pension & Post-Retirement Benefits | 930.00M | 859.00M | 841.00M | 944.00M | 1.50B | |
| Long-Term Deferred Tax Liabilities | 473.00M | 373.00M | 326.00M | 320.00M | ||
| Other Long-Term Liabilities | 3.75B | 974.00M | 786.00M | 981.00M | 939.00M | 1.69B |
| Total Liabilities | 57.02B | 51.15B | 46.38B | 35.91B | 37.21B | 37.68B |
| Common Stock | 13.00M | 13.00M | 13.00M | 13.00M | 13.00M | 13.00M |
| Additional Paid-In Capital | 30.15B | 30.23B | 29.85B | 28.20B | 28.30B | 28.47B |
| Retained Earnings | -948.00M | -2.81B | -2.07B | -3.95B | -5.35B | -5.60B |
| Comprehensive Income & Other | -2.70B | -2.75B | -2.98B | -3.08B | -3.10B | -2.92B |
| Total Common Equity | 26.51B | 24.69B | 24.82B | 21.18B | 19.86B | 19.97B |
| Minority Interest | 62.00M | 66.00M | 64.00M | 56.00M | 45.00M | 46.00M |
| Shareholders' Equity | 26.58B | 24.75B | 24.88B | 21.24B | 19.91B | 20.02B |
| Total Liabilities & Equity | 83.60B | 75.91B | 71.26B | 57.15B | 57.12B | 57.70B |
| Total Debt | 20.32B | 24.08B | 19.82B | 13.67B | 13.66B | 14.58B |
| Net Cash (Debt) | -14.11B | -19.03B | -5.50B | -10.10B | -10.42B | -11.46B |
| Net Cash Per Share | -9.98 | -14.37 | -4.12 | -7.67 | -7.88 | -8.62 |
| Filing Date Shares Outstanding | 1.33B | 1.33B | 1.32B | 1.30B | 1.28B | 1.29B |
| Total Common Shares Outstanding | 1.33B | 1.32B | 1.30B | 1.28B | 1.28B | 1.29B |
| Working Capital | 3.43B | 351.00M | 7.48B | -2.93B | -2.67B | -1.81B |
| Book Value Per Share | 19.96 | 18.73 | 19.13 | 16.51 | 15.51 | 15.42 |
| Tangible Book Value | -2.94B | -5.45B | 6.22B | 2.54B | 1.73B | 643.00M |
| Tangible Book Value Per Share | -2.21 | -4.13 | 4.79 | 1.98 | 1.35 | 0.50 |
| Land | 249.00M | 309.00M | 66.00M | 66.00M | 74.00M | 76.00M |
| Buildings | 1.85B | 2.08B | 1.70B | 1.52B | 1.50B | 1.75B |
| Machinery | 7.86B | 1.86B | 1.78B | 3.36B | 2.85B | 2.70B |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.79B | 57.00M | 2.58B | 2.02B | 868.00M | 3.43B |
| Depreciation & Amortization | 3.49B | 2.74B | 2.56B | 2.62B | 2.48B | 2.60B |
| Loss (Gain) From Sale of Assets | -3.00M | -248.00M | ||||
| Asset Writedown & Restructuring Costs | 458.00M | 1.88B | 33.00M | 242.00M | 1.12B | 620.00M |
| Loss (Gain) From Sale of Investments | -297.00M | 147.00M | -720.00M | 31.00M | ||
| Loss (Gain) on Equity Investments | -58.00M | -90.00M | -147.00M | -245.00M | -215.00M | -180.00M |
| Stock-Based Compensation | 795.00M | 643.00M | 430.00M | 428.00M | 391.00M | 382.00M |
| Other Operating Activities | 448.00M | 497.00M | 290.00M | 363.00M | 520.00M | 395.00M |
| Change in Accounts Receivable | -567.00M | -700.00M | -83.00M | 577.00M | -186.00M | -591.00M |
| Change in Inventory | -5.45B | 1.78B | -3.36B | 400.00M | -713.00M | -1.96B |
| Change in Accounts Payable | 5.00B | -3.47B | 3.93B | -1.66B | 1.71B | 1.61B |
| Change in Income Taxes | -200.00M | -200.00M | 190.00M | -34.00M | 150.00M | -73.00M |
| Change in Other Net Operating Assets | 289.00M | -122.00M | -1.36B | -320.00M | -1.53B | -355.00M |
| Operating Cash Flow | 6.69B | 2.92B | 4.34B | 4.43B | 4.59B | 5.87B |
| Capital Expenditures | -2.54B | -2.29B | -2.37B | -2.83B | -3.12B | -2.50B |
| Sale of Property, Plant & Equipment | 414.00M | 380.00M | 370.00M | 602.00M | 602.00M | 354.00M |
| Cash Acquisitions | -12.28B | -147.00M | -761.00M | -505.00M | ||
| Divestitures | 210.00M | |||||
| Investment in Securities | 2.25B | 973.00M | 2.13B | -6.00M | 207.00M | -45.00M |
| Other Investing Activities | 106.00M | -183.00M | -42.00M | -291.00M | 226.00M | -98.00M |
| Investing Cash Flow | 229.00M | -13.19B | -53.00M | -3.28B | -2.09B | -2.80B |
| Short-Term Debt Issued | 100.00M | |||||
| Long-Term Debt Issued | 9.19B | 11.24B | 4.72B | 3.30B | 3.02B | |
| Total Debt Issued | 6.41B | 9.19B | 11.24B | 4.72B | 3.40B | 3.02B |
| Short-Term Debt Repaid | -8.00M | -31.00M | -47.00M | -36.00M | ||
| Long-Term Debt Repaid | -6.84B | -5.47B | -4.89B | -3.99B | -5.46B | |
| Total Debt Repaid | -9.87B | -6.84B | -5.51B | -4.93B | -3.99B | -5.50B |
| Net Debt Issued (Repaid) | -3.46B | 2.34B | 5.74B | -209.00M | -596.00M | -2.48B |
| Repurchase of Common Stock | -547.00M | -202.00M | -150.00M | -421.00M | -512.00M | -213.00M |
| Preferred Dividends Paid | -116.00M | -112.00M | ||||
| Common Dividends Paid | -739.00M | -684.00M | -676.00M | -619.00M | -621.00M | -625.00M |
| Dividends Paid | -855.00M | -796.00M | -676.00M | -619.00M | -621.00M | -625.00M |
| Other Financing Activities | -408.00M | -299.00M | -92.00M | -113.00M | -67.00M | -47.00M |
| Financing Cash Flow | -5.27B | 1.05B | 6.28B | -1.36B | -1.80B | -3.36B |
| Foreign Exchange Rate Adjustments | -69.00M | -21.00M | -47.00M | 36.00M | -279.00M | |
| Net Cash Flow | 1.58B | -9.25B | 10.52B | -182.00M | 431.00M | -289.00M |
| Free Cash Flow | 4.16B | 627.00M | 1.97B | 1.60B | 1.47B | 3.37B |
| Free Cash Flow Margin | 9.93% | 1.83% | 6.55% | 5.49% | 5.16% | 12.13% |
| Free Cash Flow Per Share | 2.94 | 0.47 | 1.48 | 1.22 | 1.11 | 2.53 |
| Levered Free Cash Flow | 4.74B | -207.25M | 2.37B | 2.00B | 859.75M | 1.17B |
| Unlevered Free Cash Flow | 5.32B | 166.50M | 2.54B | 2.20B | 1.02B | 1.35B |
| Cash Interest Paid | 1.02B | 1.02B | 772.00M | 677.00M | 453.00M | 486.00M |
| Cash Income Tax Paid | 425.00M | 425.00M | 248.00M | 307.00M | 107.00M | 398.00M |
| Change in Working Capital | -930.00M | -2.71B | -688.00M | -1.03B | -570.00M | -1.37B |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 69.58B | 32.22B | 25.31B | 19.73B | 18.36B | 19.16B |
| Enterprise Value | 83.68B | 52.11B | 34.15B | 31.08B | 29.59B | 31.12B |
| Last Close Price | 55.09 | 23.99 | 18.64 | 14.30 | 12.87 | 12.79 |
| PE Ratio | 26.71 | 9.91 | 9.74 | 21.15 | 5.59 | |
| Forward PE | 11.25 | 10.76 | 9.38 | 7.82 | 7.08 | 7.57 |
| PS Ratio | 1.75 | 0.94 | 0.84 | 0.68 | 0.64 | 0.69 |
| PB Ratio | 2.76 | 1.30 | 1.02 | 0.93 | 0.92 | 0.96 |
| P/TBV Ratio | 4.07 | 7.77 | 10.63 | 29.80 | ||
| P/FCF Ratio | 17.60 | 51.39 | 12.82 | 12.33 | 12.48 | 5.69 |
| P/OCF Ratio | 10.92 | 11.04 | 5.83 | 4.46 | 4.00 | 3.26 |
| PEG Ratio | 0.35 | 0.99 | 2.69 | 2.53 | 2.54 | 0.87 |
| EV/Sales Ratio | 2.08 | 1.52 | 1.13 | 1.07 | 1.04 | 1.12 |
| EV/EBITDA Ratio | 12.66 | 11.58 | 6.74 | 6.13 | 6.09 | 6.41 |
| EV/EBIT Ratio | 25.66 | 29.54 | 13.66 | 12.68 | 12.44 | 13.80 |
| EV/FCF Ratio | 20.99 | 83.10 | 17.30 | 19.42 | 20.12 | 9.24 |
| Debt / Equity Ratio | 0.77 | 0.97 | 0.80 | 0.64 | 0.69 | 0.73 |
| Debt / EBITDA Ratio | 2.82 | 5.00 | 3.74 | 2.61 | 2.72 | 2.90 |
| Debt / FCF Ratio | 4.89 | 38.40 | 10.04 | 8.54 | 9.29 | 4.33 |
| Net Debt / Equity Ratio | 0.53 | 0.77 | 0.22 | 0.47 | 0.52 | 0.57 |
| Net Debt / EBITDA Ratio | 2.05 | 4.23 | 1.09 | 1.99 | 2.15 | 2.36 |
| Net Debt / FCF Ratio | 3.39 | 30.35 | 2.79 | 6.31 | 7.08 | 3.40 |
| Asset Turnover | 0.52 | 0.47 | 0.47 | 0.51 | 0.50 | 0.50 |
| Inventory Turnover | 2.75 | 3.31 | 3.18 | 3.79 | 3.86 | 5.07 |
| Quick Ratio | 0.53 | 0.60 | 0.86 | 0.52 | 0.51 | 0.62 |
| Current Ratio | 1.11 | 1.01 | 1.29 | 0.87 | 0.89 | 0.91 |
| Return on Equity (ROE) | 10.94% | 0.23% | 11.18% | 9.84% | 4.35% | 18.98% |
| Return on Assets (ROA) | 2.64% | 1.50% | 2.43% | 2.68% | 2.59% | 2.52% |
| Return on Invested Capital (ROIC) | 8.29% | 4.76% | 7.07% | 7.22% | 7.62% | 7.05% |
| Return on Capital Employed (ROCE) | 6.40% | 3.40% | 5.50% | 6.90% | 7.00% | 6.10% |
| Earnings Yield | 3.74% | 0.18% | 10.19% | 10.26% | 4.73% | 17.88% |
| FCF Yield | 5.68% | 1.95% | 7.80% | 8.11% | 8.01% | 17.58% |
| Dividend Yield | 1.09% | 2.13% | 2.67% | 3.12% | 3.35% | 3.24% |
| Payout Ratio | 29.05% | 1,396.49% | 26.21% | 30.57% | 71.54% | 18.24% |
| Buyback Yield / Dilution | -6.00% | 0.97% | -1.60% | 0.45% | 0.60% | -2.78% |
| Total Shareholder Return | -4.96% | 3.10% | 1.07% | 3.57% | 3.95% | 0.46% |