FirmAtlas
Company handbook · HPQ · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
HPQ · CIK 47217 · LATEST FILING: 10-Q JUL '26 · FILED AUG 27, 2026
HP Inc.
$30.01
−0.84 (−2.72%)
Close, Oct 16, 2026 · 52-week $18–36
Last fiscal year
HP Inc. reported revenue of $55.3B for the year ended Oct 31, 2025 (FY25), up 3.2% from FY24. Net income was $2.5B, operating cash flow $3.7B and free cash flow $2.8B. Source: 10-K filed Dec 10, 2025.
Market cap
$27.6B
P/E
11.3
EV/EBITDA
8.2x
P/B
n/m
Div yield
4.00%
ROIC
55.9%
Revenue 1Y
3.2%/yr
EPS 1Y
−5.7%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOBruce Broussard (interim)
HQPalo Alto, CA
AuditorErnst & Young LLP
Employees55,000
Year endsOctober
Revenue by segment · FY25
Personal Systems Group70%
Printing30%
Corporate Investments0%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
7.6%
1.2%
3.7%
10.3%
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
$6.8B deployed
Capex
$1.5B
22.0%
Acquisitions
$174M
2.6%
Dividends
$2.2B
31.9%
Buybacks
$3.0B
43.5%
Operating cash flow over the period: $7.4B. Total debt changed by $0M. R&D of $3.2B 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
53,559
55,295+3.2%
59,162
YoY
+3.2%
Gross profit
11,818
11,392−3.6%
11,758
Gross margin
22.1%
20.6%−1.5 pp
—
Operating income
3,818
3,174−16.9%
3,222
Operating margin
7.1%
5.7%−1.4 pp
—
EBITDA
4,648
4,090−12.0%
—
EBITDA margin
8.7%
7.4%−1.3 pp
—
Interest expense
452
430−4.9%
—
Interest coverage
10.28x
9.51x−0.77x
—
Net income
2,775
2,529−8.9%
2,451
YoY
−8.9%
Net margin
5.2%
4.6%−0.6 pp
—
EPS (diluted, $)
2.81
2.65−5.7%
2.64
YoY
−5.7%
Balance sheet
Total assets
39,909
41,769+4.7%
45,701
Cash & short-term investments
3,253
3,705+13.9%
—
Accounts receivable
5,117
5,692+11.2%
—
Inventory
7,720
8,512+10.3%
—
Net PP&E
2,914
3,049+4.6%
—
Other assets
20,905
20,811−0.4%
—
Total liabilities
41,232
42,115+2.1%
45,793
Accounts payable
16,903
18,051+6.8%
—
Total debt
9,700
9,700+0.0%
9,200
Other liabilities
14,629
14,364−1.8%
—
Shareholders’ equity
(1,323)
(346)n/m
(92)
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,749
3,697−1.4%
4,668
Net income
2,775
2,529−8.9%
—
Depreciation & amortization
830
916+10.4%
—
Stock-based compensation
452
522+15.5%
—
Working capital & other
(308)
(270)n/m
—
Cash from investing
(646)
(1,177)n/m
—
Capex
(592)
(897)n/m
—
Acquisitions
(58)
(116)n/m
—
Investments bought
(4)
(40)n/m
—
Investments sold / matured
8
74+825.0%
—
Other investing
0
(198)n/m
—
Cash from financing
(3,082)
(2,060)n/m
—
Debt raised
380
1,385+264.5%
—
Debt repaid
(213)
(1,387)n/m
—
Dividends
(1,075)
(1,088)n/m
—
Buybacks
(2,100)
(850)n/m
—
Other financing
(74)
(120)n/m
—
Net change in cash
21
460+2090.5%
—
Free cash flow (OCF − capex)
3,157
2,800−11.3%
3,881
Where the cash went
Operating cash flow
3,749
3,697−1.4%
4,668
Reinvested in the business
650
1,013+55.8%
—
% of operating cash flow
17.3%
27.4%
Capex
592
897+51.5%
787
Acquisitions
58
116+100.0%
—
R&D (memo, already in costs)
1,640
1,602−2.3%
—
Free cash flow
3,157
2,800−11.3%
3,881
YoY
−11.3%
Returned to shareholders
3,175
1,938−39.0%
—
% of free cash flow
100.6%
69.2%
Dividends
1,075
1,088+1.2%
—
Buybacks
2,100
850−59.5%
—
Change in total debt
—
0
—
Cash left over
—
746
—
FCF conversion (FCF ÷ net income)
113.8%
110.7%−3.1 pp
—
Owner earnings
—
2,329
—
Owner earnings margin
—
4.2%
—
Buyback yield
6.3%
3.3%−3.0 pp
—
Returns & ratios
ROIC (all capital)
63.1%
55.9%−7.2 pp
—
Net debt / EBITDA
1.39x
1.47x+0.08x
—
Cash conversion cycle (days)
−45
−42+4 d
—
ROE
−209.8%
−730.9%−521.2 pp
—
ROA
7.0%
6.1%−0.9 pp
—
ROCE
34.0%
25.4%−8.7 pp
—
NOPAT
3,231
3,009−6.9%
—
Invested capital (operating)
(1,152)
(798)n/m
—
Invested capital (all)
5,124
5,649+10.2%
—
Reinvestment rate
—
11.8%
—
Debtor days
35
38+3 d
—
Inventory days
68
71+3 d
—
Days payable
148
150+2 d
—
Income
Oct '25
Jan '26
Apr '26
Jul '26
Revenue
14,639
14,438
14,408
15,677
vs year-ago quarter
Gross profit
2,962
2,835
3,016
2,945
Gross margin
20.2%
19.6%
20.9%
18.8%
Operating income
959
759
612
892
Net income
795
545
450
661
vs year-ago quarter
Net margin
5.4%
3.8%
3.1%
4.2%
EPS (diluted, $)
0.86
0.58
0.49
0.71
vs year-ago quarter
Balance sheet
Oct '25
Jan '26
Apr '26
Jul '26
Total assets
41,769
41,535
42,936
45,701
Cash & equivalents
3,705
3,154
3,703
4,169
Total debt
9,700
9,700
9,700
9,200
Shareholders’ equity
(346)
(766)
(144)
(92)
Cash flow
Oct '25
Jan '26
Apr '26
Jul '26
Operating cash flow
1,624
383
926
1,735
Capex
197
233
170
187
Free cash flow
1,427
150
756
1,548
vs year-ago quarter