NYSE : HPQ
HP Inc. — Financial statements
Technology · Computer Hardware · United States
Last price 28.78 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 25.95B
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Financial statements
HP Inc. (HPQ) reported revenue of 59.16B 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 | |
|---|---|---|---|---|---|---|
| Revenue | 59.16B | 55.30B | 53.56B | 53.72B | 62.91B | 63.46B |
| Cost of Revenue | 47.53B | 43.90B | 41.74B | 42.21B | 50.65B | 50.05B |
| Gross Profit | 11.63B | 11.39B | 11.82B | 11.51B | 12.26B | 13.41B |
| Selling, General & Admin | 5.94B | 5.79B | 5.65B | 5.24B | 4.87B | 5.73B |
| Research & Development | 1.61B | 1.60B | 1.64B | 1.58B | 1.65B | 1.85B |
| Amortization of Goodwill & Intangibles | 223.00M | 345.00M | 318.00M | 350.00M | 228.00M | 154.00M |
| Operating Expenses | 7.78B | 7.74B | 7.60B | 7.17B | 6.75B | 7.73B |
| Operating Income | 3.85B | 3.65B | 4.21B | 4.34B | 5.51B | 5.68B |
| Interest Expense | -394.00M | -430.00M | -452.00M | -548.00M | -359.00M | -254.00M |
| Interest & Investment Income | 89.00M | 89.00M | 78.00M | 67.00M | 46.00M | 31.00M |
| Currency Exchange Gain (Loss) | -43.00M | -11.00M | 44.00M | -65.00M | 41.00M | -65.00M |
| Other Non Operating Income (Expenses) | -119.00M | -232.00M | -218.00M | -56.00M | -358.00M | 210.00M |
| EBT Excluding Unusual Items | 3.39B | 3.07B | 3.67B | 3.74B | 4.88B | 5.60B |
| Merger & Restructuring Charges | -597.00M | -372.00M | -316.00M | -823.00M | -534.00M | -297.00M |
| Legal Settlements | 52.00M | 2.30B | ||||
| Other Unusual Items | 62.00M | -78.00M | -71.00M | 24.00M | -25.00M | -38.00M |
| Pretax Income | 2.80B | 2.67B | 3.28B | 2.94B | 4.32B | 7.57B |
| Income Tax Expense | 345.00M | 139.00M | 504.00M | -326.00M | 1.19B | 1.03B |
| Earnings From Continuing Operations | 2.45B | 2.53B | 2.77B | 3.26B | 3.13B | 6.54B |
| Net Income | 2.45B | 2.53B | 2.77B | 3.26B | 3.13B | 6.54B |
| Net Income to Common | 2.45B | 2.53B | 2.77B | 3.26B | 3.13B | 6.54B |
| Shares Outstanding (Basic) | 926.50M | 946.00M | 979.00M | 992.00M | 1.04B | 1.21B |
| Shares Outstanding (Diluted) | 932.00M | 953.00M | 989.00M | 1.00B | 1.05B | 1.22B |
| EPS (Basic) | 2.65 | 2.67 | 2.83 | 3.29 | 3.02 | 5.41 |
| EPS (Diluted) | 2.63 | 2.65 | 2.81 | 3.26 | 2.98 | 5.36 |
| Free Cash Flow | 3.88B | 2.80B | 3.16B | 2.98B | 3.70B | 5.83B |
| Free Cash Flow Per Share | 4.16 | 2.94 | 3.19 | 2.98 | 3.52 | 4.78 |
| Dividend Per Share | 1.19 | 1.16 | 1.10 | 1.05 | 1.00 | 0.78 |
| Gross Margin | 19.66% | 20.60% | 22.07% | 21.42% | 19.49% | 21.13% |
| Operating Margin | 6.51% | 6.60% | 7.87% | 8.08% | 8.76% | 8.95% |
| Profit Margin | 4.14% | 4.57% | 5.18% | 6.07% | 4.98% | 10.31% |
| Free Cash Flow Margin | 6.56% | 5.06% | 5.89% | 5.54% | 5.88% | 9.18% |
| EBITDA | 4.64B | 4.47B | 5.04B | 5.19B | 6.29B | 6.46B |
| EBITDA Margin | 7.84% | 8.09% | 9.42% | 9.66% | 10.00% | 10.18% |
| D&A For EBITDA | 783.00M | 824.00M | 830.00M | 850.00M | 780.00M | 785.00M |
| EBIT | 3.85B | 3.65B | 4.21B | 4.34B | 5.51B | 5.68B |
| EBIT Margin | 6.51% | 6.60% | 7.87% | 8.08% | 8.76% | 8.95% |
| Effective Tax Rate | 12.34% | 5.21% | 15.37% | 27.57% | 13.57% | |
| Revenue as Reported | 59.16B | 55.30B | 53.56B | 53.72B | 62.91B | |
| Advertising Expenses | 718.00M | 628.00M | 611.00M | 696.00M | 829.00M |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.17B | 3.69B | 3.24B | 3.23B | 3.15B | 4.30B |
| Cash & Short-Term Investments | 4.17B | 3.69B | 3.24B | 3.23B | 3.15B | 4.30B |
| Accounts Receivable | 7.17B | 5.69B | 5.12B | 4.24B | 4.55B | 5.51B |
| Other Receivables | 3.60B | 2.97B | 3.21B | 2.20B | 2.35B | 3.34B |
| Receivables | 10.77B | 8.66B | 8.32B | 6.44B | 6.89B | 8.85B |
| Inventory | 10.32B | 8.51B | 7.72B | 6.86B | 7.61B | 7.93B |
| Prepaid Expenses | 1.49B | 1.58B | 1.46B | 991.00M | 1.22B | 814.00M |
| Restricted Cash | 15.00M | 15.00M | ||||
| Other Current Assets | 454.00M | 868.00M | 278.00M | |||
| Total Current Assets | 26.75B | 22.45B | 20.76B | 17.98B | 19.74B | 22.17B |
| Property, Plant & Equipment | 4.20B | 4.18B | 4.08B | 4.01B | 4.01B | 3.74B |
| Long-Term Investments | 111.00M | 110.00M | 59.00M | |||
| Goodwill | 8.73B | 8.71B | 8.63B | 8.59B | 8.54B | 6.80B |
| Other Intangible Assets | 802.00M | 1.01B | 1.32B | 1.59B | 1.93B | 784.00M |
| Long-Term Deferred Tax Assets | 3.41B | 3.32B | 3.31B | 3.15B | 2.17B | 2.92B |
| Long-Term Deferred Charges | 44.00M | 34.00M | 36.00M | |||
| Other Long-Term Assets | 1.82B | 2.10B | 1.81B | 1.52B | 1.96B | 2.10B |
| Total Assets | 45.70B | 41.77B | 39.91B | 37.00B | 38.49B | 38.61B |
| Accounts Payable | 21.38B | 18.05B | 16.90B | 14.05B | 15.30B | 16.07B |
| Accrued Expenses | 6.16B | 5.33B | 5.26B | 5.09B | 5.00B | 6.03B |
| Short-Term Debt | 41.00M | 48.00M | 51.00M | 53.00M | 434.00M | |
| Current Portion of Long-Term Debt | 1.29B | 788.00M | 1.36B | 179.00M | 165.00M | 672.00M |
| Current Portion of Leases | 409.00M | 417.00M | 443.00M | 430.00M | 405.00M | 350.00M |
| Current Income Taxes Payable | 101.00M | 297.00M | 291.00M | 217.00M | 286.00M | 296.00M |
| Current Unearned Revenue | 1.76B | 1.61B | 1.45B | 1.42B | 1.39B | 1.28B |
| Other Current Liabilities | 2.86B | 2.73B | 2.94B | 3.05B | 3.58B | 3.96B |
| Total Current Liabilities | 33.96B | 29.26B | 28.69B | 24.49B | 26.19B | 29.10B |
| Long-Term Debt | 7.87B | 8.80B | 8.26B | 9.31B | 10.86B | 6.41B |
| Long-Term Leases | 770.00M | 834.00M | 787.00M | 825.00M | 889.00M | 936.00M |
| Long-Term Unearned Revenue | 1.68B | 1.63B | 1.49B | 1.32B | 1.17B | 1.10B |
| Pension & Post-Retirement Benefits | 552.00M | 564.00M | 607.00M | 546.00M | 600.00M | 1.04B |
| Long-Term Deferred Tax Liabilities | 18.00M | 16.00M | 31.00M | 44.00M | 121.00M | 57.00M |
| Other Long-Term Liabilities | 947.00M | 1.01B | 1.37B | 1.53B | 1.69B | 1.62B |
| Total Liabilities | 45.79B | 42.12B | 41.23B | 38.07B | 41.52B | 40.26B |
| Common Stock | 9.00M | 9.00M | 9.00M | 10.00M | 10.00M | 11.00M |
| Additional Paid-In Capital | 2.36B | 2.13B | 1.78B | 1.50B | 1.17B | 1.06B |
| Retained Earnings | -2.12B | -2.03B | -2.68B | -2.36B | -4.49B | -2.46B |
| Comprehensive Income & Other | -348.00M | -457.00M | -434.00M | -223.00M | 285.00M | -260.00M |
| Total Common Equity | -92.00M | -346.00M | -1.32B | -1.07B | -3.02B | -1.65B |
| Shareholders' Equity | -92.00M | -346.00M | -1.32B | -1.07B | -3.02B | -1.65B |
| Total Liabilities & Equity | 45.70B | 41.77B | 39.91B | 37.00B | 38.49B | 38.61B |
| Total Debt | 10.34B | 10.88B | 10.90B | 10.80B | 12.37B | 8.80B |
| Net Cash (Debt) | -6.17B | -7.19B | -7.66B | -7.57B | -9.23B | -4.50B |
| Net Cash Per Share | -6.62 | -7.55 | -7.75 | -7.57 | -8.79 | -3.69 |
| Filing Date Shares Outstanding | 901.79M | 917.98M | 937.80M | 990.90M | 982.15M | 1.08B |
| Total Common Shares Outstanding | 903.41M | 921.15M | 939.00M | 988.78M | 980.00M | 1.09B |
| Working Capital | -7.22B | -6.80B | -7.93B | -6.51B | -6.45B | -6.93B |
| Book Value Per Share | -0.10 | -0.38 | -1.41 | -1.08 | -3.09 | -1.51 |
| Tangible Book Value | -9.62B | -10.06B | -11.27B | -11.25B | -13.50B | -9.24B |
| Tangible Book Value Per Share | -10.65 | -10.93 | -12.00 | -11.38 | -13.77 | -8.46 |
| Land | 2.63B | 2.62B | 2.53B | 2.33B | 2.25B | 2.17B |
| Machinery | 6.25B | 5.87B | 5.46B | 5.38B | 5.34B | 5.31B |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 2.45B | 2.53B | 2.77B | 3.26B | 3.13B | 6.54B |
| Depreciation & Amortization | 783.00M | 824.00M | 830.00M | 850.00M | 780.00M | 785.00M |
| Asset Writedown & Restructuring Costs | 789.00M | 497.00M | 301.00M | 527.00M | 218.00M | 251.00M |
| Stock-Based Compensation | 479.00M | 522.00M | 452.00M | 438.00M | 343.00M | 330.00M |
| Other Operating Activities | 90.00M | 110.00M | -160.00M | -933.00M | 1.05B | -179.00M |
| Change in Accounts Receivable | -2.11B | -524.00M | -929.00M | 278.00M | 1.28B | -105.00M |
| Change in Inventory | -2.06B | -828.00M | -852.00M | 668.00M | 214.00M | -2.18B |
| Change in Accounts Payable | 4.37B | 1.14B | 2.84B | -1.24B | -909.00M | 1.26B |
| Change in Income Taxes | -215.00M | -391.00M | -24.00M | 198.00M | -134.00M | 59.00M |
| Change in Other Net Operating Assets | 88.00M | -184.00M | -1.48B | -478.00M | -1.52B | -350.00M |
| Operating Cash Flow | 4.67B | 3.70B | 3.75B | 3.57B | 4.46B | 6.41B |
| Capital Expenditures | -787.00M | -897.00M | -592.00M | -593.00M | -765.00M | -582.00M |
| Cash Acquisitions | -10.00M | -116.00M | -58.00M | -7.00M | -2.75B | -854.00M |
| Divestitures | 92.00M | 66.00M | ||||
| Investment in Securities | -1.00M | 34.00M | 4.00M | 10.00M | -43.00M | 276.00M |
| Other Investing Activities | 177.00M | -264.00M | 14.00M | 148.00M | ||
| Investing Cash Flow | -529.00M | -1.18B | -646.00M | -590.00M | -3.55B | -1.01B |
| Short-Term Debt Issued | 400.00M | |||||
| Long-Term Debt Issued | 1.39B | 380.00M | 255.00M | 4.17B | 2.12B | |
| Total Debt Issued | 428.00M | 1.39B | 380.00M | 255.00M | 4.17B | 2.52B |
| Short-Term Debt Repaid | -10.00M | -400.00M | ||||
| Long-Term Debt Repaid | -1.39B | -213.00M | -1.70B | -693.00M | -1.25B | |
| Total Debt Repaid | -845.00M | -1.39B | -213.00M | -1.71B | -1.09B | -1.25B |
| Net Debt Issued (Repaid) | -417.00M | -2.00M | 167.00M | -1.46B | 3.08B | 1.28B |
| Repurchase of Common Stock | -1.23B | -850.00M | -2.10B | -100.00M | -4.30B | -6.25B |
| Common Dividends Paid | -1.09B | -1.09B | -1.07B | -1.04B | -1.04B | -938.00M |
| Other Financing Activities | -107.00M | -120.00M | -74.00M | -302.00M | 184.00M | -51.00M |
| Financing Cash Flow | -2.84B | -2.06B | -3.08B | -2.89B | -2.07B | -5.96B |
| Net Cash Flow | 1.29B | 460.00M | 21.00M | 87.00M | -1.15B | -565.00M |
| Free Cash Flow | 3.88B | 2.80B | 3.16B | 2.98B | 3.70B | 5.83B |
| Free Cash Flow Margin | 6.56% | 5.06% | 5.89% | 5.54% | 5.88% | 9.18% |
| Free Cash Flow Per Share | 4.16 | 2.94 | 3.19 | 2.98 | 3.52 | 4.78 |
| Levered Free Cash Flow | 3.39B | 2.39B | 3.27B | 3.17B | 2.79B | 3.93B |
| Unlevered Free Cash Flow | 3.64B | 2.66B | 3.56B | 3.51B | 3.01B | 4.09B |
| Cash Interest Paid | 437.00M | 437.00M | 441.00M | 548.00M | 305.00M | 261.00M |
| Cash Income Tax Paid | 535.00M | 535.00M | 649.00M | 398.00M | 749.00M | 1.55B |
| Change in Working Capital | 76.00M | -785.00M | -449.00M | -574.00M | -1.06B | -1.32B |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 25.95B | 25.86B | 34.23B | 26.02B | 31.83B | 34.96B |
| Enterprise Value | 32.12B | 33.77B | 42.26B | 35.25B | 38.71B | 39.86B |
| Last Close Price | 28.78 | 26.33 | 32.48 | 23.27 | 23.55 | 25.12 |
| PE Ratio | 10.96 | 10.23 | 12.34 | 7.97 | 10.16 | 5.34 |
| Forward PE | 9.63 | 8.33 | 9.95 | 7.78 | 7.81 | 7.84 |
| PS Ratio | 0.44 | 0.47 | 0.64 | 0.48 | 0.51 | 0.55 |
| PB Ratio | -74.75 | -25.87 | -24.34 | -10.52 | -21.18 | |
| P/FCF Ratio | 6.69 | 9.24 | 10.84 | 8.74 | 8.61 | 6.00 |
| P/OCF Ratio | 5.56 | 7.00 | 9.13 | 7.29 | 7.13 | 5.45 |
| PEG Ratio | 3.31 | 4.62 | 6.47 | 11.99 | 2.75 | 0.35 |
| EV/Sales Ratio | 0.54 | 0.61 | 0.79 | 0.66 | 0.61 | 0.63 |
| EV/EBITDA Ratio | 6.93 | 7.55 | 8.38 | 6.79 | 6.15 | 6.17 |
| EV/EBIT Ratio | 8.34 | 9.25 | 10.03 | 8.13 | 7.02 | 7.02 |
| EV/FCF Ratio | 8.28 | 12.06 | 13.38 | 11.84 | 10.47 | 6.84 |
| Debt / Equity Ratio | -112.38 | -31.45 | -8.24 | -10.10 | -4.09 | -5.33 |
| Debt / EBITDA Ratio | 2.07 | 2.26 | 2.03 | 1.95 | 1.87 | 1.29 |
| Debt / FCF Ratio | 2.66 | 3.89 | 3.45 | 3.63 | 3.35 | 1.51 |
| Net Debt / Equity Ratio | -67.06 | -20.79 | -5.79 | -7.08 | -3.05 | -2.73 |
| Net Debt / EBITDA Ratio | 1.33 | 1.61 | 1.52 | 1.46 | 1.47 | 0.70 |
| Net Debt / FCF Ratio | 1.59 | 2.57 | 2.43 | 2.54 | 2.50 | 0.77 |
| Asset Turnover | 1.38 | 1.35 | 1.39 | 1.42 | 1.63 | 1.73 |
| Inventory Turnover | 5.09 | 5.41 | 5.72 | 5.83 | 6.52 | 7.21 |
| Quick Ratio | 0.44 | 0.42 | 0.40 | 0.40 | 0.38 | 0.45 |
| Current Ratio | 0.79 | 0.77 | 0.72 | 0.73 | 0.75 | 0.76 |
| Return on Assets (ROA) | 5.63% | 5.59% | 6.85% | 7.18% | 8.94% | 9.68% |
| Return on Invested Capital (ROIC) | 27.61% | 29.16% | 30.05% | 34.95% | 36.60% | 54.59% |
| Return on Capital Employed (ROCE) | 32.80% | 29.20% | 37.60% | 34.70% | 44.80% | 59.70% |
| Earnings Yield | 9.12% | 9.78% | 8.11% | 12.54% | 9.84% | 18.71% |
| FCF Yield | 14.95% | 10.83% | 9.22% | 11.45% | 11.62% | 16.67% |
| Dividend Yield | 4.17% | 4.12% | 3.02% | 3.99% | 3.08% | 2.44% |
| Payout Ratio | 45.71% | 43.02% | 38.74% | 31.78% | 33.11% | 14.34% |
| Buyback Yield / Dilution | 2.89% | 3.64% | 1.10% | 4.76% | 13.93% | 14.09% |
| Total Shareholder Return | 7.06% | 7.76% | 4.12% | 8.75% | 17.01% | 16.52% |