FirmAtlas
Company handbook · HPE · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
HPE · CIK 1645590 · LATEST FILING: 10-Q JUL '26 · FILED SEP 3, 2026
HEWLETT PACKARD ENTERPRISE COMPANY
$55.13
−3.50 (−5.97%)
Close, Oct 16, 2026 · 52-week $20–74
Last fiscal year
HEWLETT PACKARD ENTERPRISE COMPANY reported revenue of $34.3B for the year ended Oct 31, 2025 (FY25), up 13.8% from FY24. Net income was $57M, operating cash flow $2.9B and free cash flow $627M. Source: 10-K filed Dec 18, 2025.
Market cap
$72.7B
P/E
26.0
EV/EBITDA
38.8x
P/B
2.7
Div yield
1.04%
ROIC
−0.5%
Revenue 1Y
13.8%/yr
EPS 1Y
n/m
Shares 1Y
+2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOAntonio F. Neri
HQSpring, TX
AuditorErnst & Young LLP
Employees67,000
Year endsOctober
Revenue by segment · FY25
Server51%
Intelligent Edge20%
Hybrid Cloud17%
Financial Services10%
Corporate And Other2%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
9.9%
29.5%
47.7%
145.0%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$18.8B deployed
Capex
$4.7B
24.8%
Acquisitions
$12.4B
66.1%
Dividends
$1.4B
7.2%
Buybacks
$352M
1.9%
Operating cash flow over the period: $7.3B. Total debt changed by +$4.2B. R&D of $4.8B is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Oct 31, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jul '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
30,127
34,296+13.8%
41,871
YoY
+13.8%
Operating income
2,190
(437)−120.0%
2,602
Operating margin
7.3%
−1.3%−8.5 pp
—
EBITDA
4,754
2,300−51.6%
—
EBITDA margin
15.8%
6.7%−9.1 pp
—
Interest expense
777
1,098+41.3%
—
Interest coverage
6.12x
2.09x−4.02x
—
Net income
2,579
57−97.8%
2,791
YoY
−97.8%
Net margin
8.6%
0.2%−8.4 pp
—
EPS (diluted, $)
1.93
−0.04−102.1%
—
YoY
−102.1%
Balance sheet
Total assets
71,262
75,906+6.5%
83,596
Cash & short-term investments
15,105
5,859−61.2%
—
Accounts receivable
3,550
5,290+49.0%
—
Inventory
7,810
6,352−18.7%
—
Net PP&E
5,664
6,002+6.0%
—
Other assets
39,133
52,403+33.9%
—
Total liabilities
46,446
51,218+10.3%
57,082
Accounts payable
11,064
7,731−30.1%
—
Total debt
18,200
22,400+23.1%
17,343
Other liabilities
17,182
21,087+22.7%
—
Shareholders’ equity
24,816
24,688−0.5%
26,514
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
4,341
2,919−32.8%
6,694
Net income
2,595
57−97.8%
—
Depreciation & amortization
2,564
2,737+6.7%
—
Stock-based compensation
430
643+49.5%
—
Working capital & other
(1,248)
(518)n/m
—
Cash from investing
(53)
(13,190)n/m
—
Capex
(2,367)
(2,292)n/m
—
PP&E sold
370
380+2.7%
—
Acquisitions
(147)
(12,278)n/m
—
Investments bought
(16)
—
—
Investments sold / matured
2,149
48−97.8%
—
Other investing
(42)
952n/m
—
Cash from financing
6,283
1,046−83.4%
—
Debt raised
11,245
9,188−18.3%
—
Debt repaid
(5,475)
(6,837)n/m
—
Dividends
(676)
(684)n/m
—
Buybacks
(150)
(202)n/m
—
Other financing
1,339
(419)−131.3%
—
Net change in cash
10,524
(9,246)−187.9%
—
Free cash flow (OCF − capex)
1,974
627−68.2%
4,156
Where the cash went
Operating cash flow
4,341
2,919−32.8%
6,694
Reinvested in the business
2,514
14,570+479.6%
—
% of operating cash flow
57.9%
499.1%
Capex
2,367
2,292−3.2%
2,538
Acquisitions
147
12,278+8252.4%
—
R&D (memo, already in costs)
2,246
2,518+12.1%
—
Free cash flow
1,974
627−68.2%
4,156
YoY
−68.2%
Returned to shareholders
826
886+7.3%
—
% of free cash flow
41.8%
141.3%
Dividends
676
684+1.2%
—
Buybacks
150
202+34.7%
—
Change in total debt
—
4,200
—
Cash left over
—
(8,337)
—
FCF conversion (FCF ÷ net income)
76.5%
1100.0%+1023.5 pp
—
Owner earnings
—
(3,113)
—
Owner earnings margin
—
−9.1%
—
Buyback yield
0.6%
0.6%+0.0 pp
—
Returns & ratios
ROIC (all capital)
6.9%
−0.5%−7.4 pp
—
ROIC (operating)
32.1%
−2.2%−34.3 pp
—
Net debt / EBITDA
0.65x
7.19x+6.54x
—
Debt / equity
0.73x
0.91x+0.17x
—
Cash conversion cycle (days)
4
42+38 d
—
ROE
10.4%
0.2%−10.2 pp
—
ROA
3.6%
0.1%−3.5 pp
—
ROCE
4.8%
−0.9%−5.7 pp
—
NOPAT
1,913
(175)−109.1%
—
Invested capital (operating)
5,960
9,913+66.3%
—
Invested capital (all)
27,911
41,229+47.7%
—
Reinvestment rate
—
−2261.4%
—
Debtor days
43
56+13 d
—
Inventory days
95
68−27 d
—
Days payable
134
82−52 d
—
Net debt is 7.2x EBITDA (FY25).
Income
Oct '25
Jan '26
Apr '26
Jul '26
Revenue
9,679
9,301
10,678
12,213
vs year-ago quarter
Operating income
(8)
470
747
1,393
Net income
175
452
624
1,540
vs year-ago quarter
Net margin
1.8%
4.9%
5.8%
12.6%
EPS (diluted, $)
0.13
0.31
0.44
1.06
vs year-ago quarter
Balance sheet
Oct '25
Jan '26
Apr '26
Jul '26
Total assets
75,906
75,768
79,512
83,596
Cash & equivalents
5,859
4,925
5,354
6,278
Total debt
22,400
17,705
18,237
17,343
Shareholders’ equity
24,688
24,774
25,292
26,514
Cash flow
Oct '25
Jan '26
Apr '26
Jul '26
Operating cash flow
2,465
1,178
1,410
1,641
Capex
641
569
583
745
Free cash flow
1,824
609
827
896
vs year-ago quarter