What is HP Inc.'s earnings per share (EPS)?

HP Inc. (HPQ) reported diluted earnings per share of $2.65 for fiscal year 2025. This represents a -5.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

HP Inc. (HPQ) Financials

HPQ

Trailing 12 months to July 31, 2026

Revenue $59.2B +8.1% YoY

Net Income $2.5B -7.2% YoY

EPS (Diluted) $2.61 -4.7% YoY

Free Cash Flow $3.9B +36.5% YoY

Market Cap $29.0B as of Oct 3, 2026

Price / Sales 0.5x on $59.2B revenue, trailing 12 months to July 31, 2026

Price / Earnings 11.8x on $2.5B net income, trailing 12 months to July 31, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 31, 2026 Reported Aug 27, 2026 Currency USD FYE October

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HPQ SEC filings page.

HP Inc. (HPQ) reported $59.2B in revenue over the twelve months to Jul 31, 2026, up 8.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI HPQ FY2025 2026-10-04

HP's sales recovered modestly in FY2025, but margin compression and heavier reinvestment reduced cash available after operations.

The business converts accounting profit into operating cash—$3.70B versus net income of $2.53B—showing cash-backed earnings in FY2025. However, free cash flow fell to $2.80B as capital spending rose to $897M, meaning reinvestment absorbed more cash despite positive generation.

Revenue recovered modestly in FY2025, but operating margin fell from 7.1% to 5.7%; growth did not translate into operating leverage. Gross margin also fell from 22.1% to 20.6%, indicating pressure reached beyond overhead and into product economics.

Short-term liabilities exceeded short-term assets—$29.3B versus $22.5B—leaving a structurally tight working-capital position. Negative equity narrowed from -$1.32B to -$346M while liabilities still exceeded assets, so balance-sheet repair has not yet created a conventional equity cushion.

Financial Health Signals

Financial Health Score 48/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of HP Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

HP Inc. has an operating margin of 5.7%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is down from 7.1% the prior year.

Growth

HP Inc.'s revenue grew a modest 3.2% year-over-year to $55.3B. This slow but positive growth earns a score of 35/100.

Leverage

Liquidity

HP Inc.'s current ratio of 0.77 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

HP Inc. has a free cash flow margin of 5.1%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Altman Z-Score Distress

1.72

HP Inc. scores 1.72, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

HP Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.46x

For every $1 of reported earnings, HP Inc. generates $1.46 in operating cash flow ($3.7B OCF vs $2.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

7.38x

HP Inc. earns $7.38 in operating income for every $1 of interest expense ($3.2B vs $430.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$15.7B

YoY+12.5%

QoQ+8.8%

5Y CAGR+0.5%

10Y CAGR+2.8%

HP Inc. generated $15.7B in revenue in Q3 2026. This represents an increase of 12.5% from the same quarter a year earlier. Against the prior quarter it is up 8.8%.

EBITDA

$1.1B

YoY+11.2%

QoQ+29.7%

5Y CAGR-6.3%

10Y CAGR-0.6%

HP Inc.'s EBITDA was $1.1B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.2% from the same quarter a year earlier. Against the prior quarter it is up 29.7%.

Net Income

$661.0M

YoY-13.4%

QoQ+46.9%

5Y CAGR-9.8%

10Y CAGR-1.7%

HP Inc. reported $661.0M in net income in Q3 2026. This represents a decrease of 13.4% from the same quarter a year earlier. Against the prior quarter it is up 46.9%.

EPS (Diluted)

$0.71

YoY-11.3%

QoQ+44.9%

5Y CAGR-5.1%

10Y CAGR+4.7%

HP Inc. earned $0.71 per diluted share (EPS) in Q3 2026. This represents a decrease of 11.3% from the same quarter a year earlier. Against the prior quarter it is up 44.9%.

Cash & Balance Sheet

Free Cash Flow

$1.5B

YoY+7.1%

QoQ+104.8%

5Y CAGR+10.6%

10Y CAGR+4.6%

HP Inc. generated $1.5B in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 7.1% from the same quarter a year earlier. Against the prior quarter it is up 104.8%.

Cash & Debt

$4.2B

YoY+45.2%

QoQ+12.6%

5Y CAGR+3.9%

10Y CAGR-3.0%

HP Inc. held $4.2B in cash against $7.9B in long-term debt as of Q3 2026.

Dividends Per Share

$0.60

YoY+3.4%

HP Inc. paid $0.60 per share in dividends in Q3 2026. This represents an increase of 3.4% from the same quarter a year earlier.

Shares Outstanding

902M

YoY-3.5%

QoQ-1.4%

5Y CAGR-4.8%

10Y CAGR-6.2%

HP Inc. had 902M shares outstanding in Q3 2026. This represents a decrease of 3.5% from the same quarter a year earlier. Against the prior quarter it is down 1.4%.

Margins & Returns

Gross Margin

18.8%

YoY-1.7pp

QoQ-2.1pp

5Y change-3.4pp

10Y change+0.5pp

HP Inc.'s gross margin was 18.8% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.1 percentage points.

Operating Margin

5.7%

YoY+0.5pp

QoQ+1.4pp

5Y change-3.3pp

10Y change-3.7pp

HP Inc.'s operating margin was 5.7% in Q3 2026, reflecting core business profitability. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Net Margin

4.2%

YoY-1.3pp

QoQ+1.1pp

5Y change-3.0pp

10Y change-2.4pp

HP Inc.'s net profit margin was 4.2% in Q3 2026, showing the share of revenue converted to profit. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Return on Equity

Not reported for Q3 2026.

Capital Allocation

R&D Spending

$389.0M

YoY-4.2%

QoQ-10.0%

5Y CAGR-4.0%

10Y CAGR+2.7%

HP Inc. invested $389.0M in research and development in Q3 2026. This represents a decrease of 4.2% from the same quarter a year earlier. Against the prior quarter it is down 10.0%.

Share Buybacks

$300.0M

YoY+50.0%

QoQ+200.0%

5Y CAGR-27.5%

10Y CAGR+11.6%

HP Inc. spent $300.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 50.0% from the same quarter a year earlier. Against the prior quarter it is up 200.0%.

Capital Expenditures

$187.0M

YoY-13.0%

QoQ+10.0%

5Y CAGR+3.4%

10Y CAGR+8.7%

HP Inc. invested $187.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 13.0% from the same quarter a year earlier. Against the prior quarter it is up 10.0%.

HPQ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HPQ quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$59.2B	$55.3B+3.2%	$53.6B-0.3%	$53.7B-14.6%	$62.9B-0.9%	$63.5B+12.0%	$56.6B-3.6%	$58.8B+0.5%	$58.5B+12.3%	$52.1B+7.9%	$48.2B-6.3%	$51.5B-9.2%	$56.7B+2.5%	$55.3B-54.1%	$120.4B-5.4%	$127.2B
Cost of Revenue	$47.4B	$43.9B+5.2%	$41.7B-1.1%	$42.2B-16.7%	$50.6B+1.2%	$50.1B+8.3%	$46.2B-2.9%	$47.6B-0.5%	$47.8B+12.5%	$42.5B+8.3%	$39.2B-5.5%	$41.5B-8.6%	$45.4B+1.5%	$44.8B-24.7%	$59.5B-8.7%	$65.2B
Gross Profit	$11.8B	$11.4B-3.6%	$11.8B+2.7%	$11.5B-6.2%	$12.3B-8.5%	$13.4B+28.7%	$10.4B-6.7%	$11.2B+4.7%	$10.7B+11.4%	$9.6B+6.4%	$9.0B-9.5%	$9.9B-11.4%	$11.2B+6.7%	$10.5B-82.7%	$60.9B-1.9%	$62.1B
R&D Expenses	$1.6B	$1.6B-2.3%	$1.6B+3.9%	$1.6B-4.5%	$1.7B-10.6%	$1.8B+25.1%	$1.5B-1.5%	$1.5B+6.8%	$1.4B+18.0%	$1.2B-1.6%	$1.2B+1.5%	$1.2B-8.2%	$1.3B+7.4%	$1.2B-64.4%	$3.4B+4.5%	$3.3B
SG&A Expenses	$6.0B	$5.8B+2.9%	$5.7B+5.6%	$5.4B+1.8%	$5.3B-8.1%	$5.7B+16.9%	$4.9B-8.7%	$5.4B+5.3%	$5.1B+12.5%	$4.5B+18.2%	$3.8B-18.8%	$4.7B-12.0%	$5.4B-1.2%	$5.4B-59.8%	$13.5B-0.6%	$13.6B
Operating Income	$3.2B	$3.2B-16.9%	$3.8B+10.5%	$3.5B-24.2%	$4.6B-14.9%	$5.4B+55.7%	$3.4B-11.2%	$3.9B+1.2%	$3.8B+13.7%	$3.4B-5.1%	$3.5B-9.5%	$3.9B-7.9%	$4.3B+21.0%	$3.5B+131.8%	-$11.1B-214.3%	$9.7B
EBITDA	N/A	$4.1B-12.0%	$4.6B+7.9%	$4.3B-19.3%	$5.3B-13.1%	$6.1B+45.2%	$4.2B-8.4%	$4.6B+6.0%	$4.4B+17.1%	$3.7B-4.1%	$3.9B-51.4%	$8.0B-7.1%	$8.6B+5.7%	$8.1B+236.3%	-$6.0B-140.7%	$14.7B
Interest Expense	$394.0M	$430.0M-4.9%	$452.0M-17.5%	$548.0M+52.6%	$359.0M+41.3%	$254.0M+6.3%	$239.0M-1.2%	$242.0M-22.4%	$312.0M+1.0%	$309.0M+13.2%	$273.0M-51.9%	$567.0M-8.7%	$621.0M-15.9%	$738.0M-11.2%	$831.0M+59.2%	$522.0M
Income Tax	$345.0M	$139.0M-72.4%	$504.0M+254.6%	-$326.0M-127.3%	$1.2B+16.1%	$1.0B+159.3%	$396.0M+163.0%	-$629.0M+72.8%	-$2.3B-408.5%	$750.0M-31.5%	$1.1B+688.7%	-$186.0M-119.8%	$939.0M+57.8%	$595.0M-17.0%	$717.0M-62.4%	$1.9B
Net Income	$2.5B	$2.5B-8.9%	$2.8B-15.0%	$3.3B+4.2%	$3.1B-52.1%	$6.5B+132.4%	$2.8B-10.7%	$3.2B-40.8%	$5.3B+110.9%	$2.5B+1.2%	$2.5B-45.2%	$4.6B-9.2%	$5.0B-2.0%	$5.1B+140.4%	-$12.7B-278.8%	$7.1B
EPS (Basic)	N/A	$2.67-5.7%	$2.83-14.0%	$3.29+8.9%	$3.02-44.2%	$5.41+171.9%	$1.99-4.3%	$2.08-37.0%	$3.30+120.0%	$1.50+4.2%	$1.44-42.6%	$2.51-5.6%	$2.66+0.8%	$2.64+141.2%	-$6.41-289.6%	$3.38
EPS (Diluted)	$2.61	$2.65-5.7%	$2.81-13.8%	$3.26+9.4%	$2.98-44.4%	$5.36+170.7%	$1.98-4.3%	$2.07-36.5%	$3.26	$1.48	$1.43-42.3%	$2.48-5.3%	$2.620.0%	$2.62+140.9%	-$6.41-293.1%	$3.32
Diluted Shares (Avg)	N/A	953M-3.6%	989M-1.1%	1.00B-4.8%	1.05B-13.9%	1.22B-14.1%	1.42B-6.8%	1.52B-6.7%	1.63B	1.70B	1.74B-5.1%	1.84B-4.0%	1.91B-1.9%	1.95B-1.2%	1.97B-7.2%	2.13B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$15.7B+12.5%	$14.4B+9.0%	$14.4B+6.9%	$14.6B+4.2%	$13.9B+3.1%	$13.2B+3.3%	$13.5B+2.4%	$14.1B+1.7%
Cost of Revenue	$12.7B+14.9%	$11.4B+8.7%	$11.6B+8.8%	$11.7B+5.6%	$11.1B+4.4%	$10.5B+7.2%	$10.7B+3.6%	$11.1B+2.0%
Gross Profit	$2.9B+3.3%	$3.0B+10.1%	$2.8B-0.2%	$3.0B-1.3%	$2.9B-1.9%	$2.7B-9.4%	$2.8B-1.7%	$3.0B+0.5%
R&D Expenses	$389.0M-4.2%	$432.0M+7.7%	$392.0M-1.3%	$398.0M+1.5%	$406.0M-1.7%	$401.0M-8.0%	$397.0M-0.5%	$392.0M-4.6%
SG&A Expenses	$1.5B+5.9%	$1.5B+2.3%	$1.5B+3.1%	$1.4B+1.5%	$1.5B+3.4%	$1.5B+1.2%	$1.5B+5.5%	$1.4B+6.2%
Operating Income	$892.0M+24.6%	$612.0M-6.4%	$759.0M-10.2%	$959.0M-3.2%	$716.0M-23.8%	$654.0M-31.3%	$845.0M-9.6%	$991.0M-2.3%
EBITDA	$1.1B+11.2%	$876.0M+2.0%	$973.0M-6.6%	$1.2B-2.7%	$1.0B-11.0%	$859.0M-26.0%	$1.0B-8.6%	$1.2B-2.2%
Interest Expense	$96.0M-13.5%	$98.0M-14.0%	$99.0M-4.8%	$101.0M-1.9%	$111.0M0.0%	$114.0M-6.6%	$104.0M-10.3%	$103.0M-12.7%
Income Tax	$137.0M+198.6%	$43.0M-57.0%	$126.0M-9.4%	$39.0M+188.6%	-$139.0M-174.3%	$100.0M-47.4%	$139.0M-18.7%	-$44.0M+63.9%
Net Income	$661.0M-13.4%	$450.0M+10.8%	$545.0M-3.5%	$795.0M-12.3%	$763.0M+19.2%	$406.0M-33.1%	$565.0M-9.2%	$906.0M-7.0%
EPS (Basic)	$0.72-11.1%	$0.49+14.0%	$0.59-1.7%	$0.84-9.7%	$0.81+24.6%	$0.43-30.6%	$0.60-4.8%	$0.93-5.1%
EPS (Diluted)	$0.71-11.3%	$0.49+16.7%	$0.58-1.7%	$0.83-10.8%	$0.80+23.1%	$0.42-31.1%	$0.59-4.8%	$0.93-4.1%
Diluted Shares (Avg)	927M-2.8%	925M-3.2%	932M-2.6%	N/A	954M-3.6%	956M-3.4%	957M-4.5%	N/A

HPQ Balance Sheet

HPQ quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$41.8B+4.7%	$39.9B+7.9%	$37.0B-3.9%	$38.5B-0.3%	$38.6B+11.3%	$34.7B+3.6%	$33.5B-3.3%	$34.6B+5.2%	$32.9B+13.5%	$29.0B-72.9%	$106.9B+3.6%	$103.2B-2.3%	$105.7B-2.8%	$108.8B-16.0%	$129.5B
Current Assets	$22.5B+8.2%	$20.8B+15.5%	$18.0B-8.9%	$19.7B-11.0%	$22.2B+7.4%	$20.6B+2.3%	$20.2B-5.7%	$21.4B-4.2%	$22.3B+20.8%	$18.5B-64.3%	$51.8B+3.3%	$50.1B-0.4%	$50.4B-0.5%	$50.6B-0.8%	$51.0B
Cash & Equivalents	$3.7B+14.0%	$3.2B+4.2%	$3.1B-1.2%	$3.1B-26.8%	$4.3B-11.6%	$4.9B+7.2%	$4.5B-12.2%	$5.2B-26.2%	$7.0B+11.3%	$6.3B-63.9%	$17.4B+15.2%	$15.1B+24.4%	$12.2B+7.6%	$11.3B+40.5%	$8.0B
Short-Term Investments	$0	$0	$0	$0-100.0%	$5.0M-98.2%	$274.0M	$0-100.0%	$711.0M-38.1%	$1.1B	$0	$0	$0	$0	$0	$0
Inventory	$8.5B+10.3%	$7.7B+12.5%	$6.9B-9.9%	$7.6B-4.0%	$7.9B+33.0%	$6.0B+4.0%	$5.7B-5.4%	$6.1B+4.8%	$5.8B+29.0%	$4.5B+4.6%	$4.3B-5.4%	$4.5B-25.1%	$6.0B-4.3%	$6.3B-15.7%	$7.5B
Accounts Receivable	$5.7B+11.2%	$5.1B+20.8%	$4.2B-6.8%	$4.5B-17.9%	$5.5B+2.9%	$5.4B-10.8%	$6.0B+18.0%	$5.1B+15.8%	$4.4B+7.3%	$4.1B-14.7%	$4.8B-9.7%	$5.3B-66.3%	$15.9B-3.2%	$16.4B-10.0%	$18.2B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0-100.0%	$53.0M-13.1%	$61.0M+10.9%	$55.0M	$0	$0	$0	$0	$0
Goodwill	$8.7B+0.9%	$8.6B+0.4%	$8.6B+0.6%	$8.5B+25.5%	$6.8B+6.6%	$6.4B+0.1%	$6.4B+6.8%	$6.0B+6.2%	$5.6B0.0%	$5.6B-1.0%	$5.7B-0.2%	$5.7B0.0%	$5.7B-81.7%	$31.1B-30.3%	$44.6B
Total Liabilities	$42.1B+2.1%	$41.2B+8.3%	$38.1B-8.3%	$41.5B+3.2%	$40.2B+8.9%	$37.0B+6.6%	$34.7B-1.7%	$35.3B-2.9%	$36.3B+10.5%	$32.9B-58.4%	$79.1B+3.5%	$76.5B-2.5%	$78.4B-9.2%	$86.3B-5.0%	$90.9B
Current Liabilities	$29.3B+2.0%	$28.7B+17.1%	$24.5B-6.5%	$26.2B-9.9%	$29.1B+10.8%	$26.2B+3.7%	$25.3B+0.6%	$25.1B+12.1%	$22.4B+19.2%	$18.8B-55.4%	$42.2B-3.5%	$43.7B-3.9%	$45.5B-2.5%	$46.7B-7.5%	$50.4B
Non-Current Liabilities	$12.9B+2.5%	$12.5B-7.7%	$13.6B-11.4%	$15.3B+37.0%	$11.2B+4.2%	$10.7B+14.4%	$9.4B-7.4%	$10.1B-27.2%	$13.9B-1.1%	$14.1B-61.9%	$36.9B+12.8%	$32.7B-0.4%	$32.9B-17.1%	$39.7B-1.9%	$40.5B
Long-Term Debt	$8.8B+6.8%	$8.3B-10.7%	$9.3B-14.3%	$10.8B+69.1%	$6.4B+15.2%	$5.5B+16.0%	$4.8B+5.7%	$4.5B-32.9%	$6.7B+0.2%	$6.7B+0.9%	$6.7B-57.1%	$15.6B-6.3%	$16.6B-23.8%	$21.8B-3.4%	$22.6B
Total Equity	-$346.0M+73.8%	-$1.3B-23.8%	-$1.1B+64.7%	-$3.0B-84.0%	-$1.6B+27.7%	-$2.3B-87.9%	-$1.2B-89.5%	-$639.0M+81.3%	-$3.4B+12.4%	-$3.9B-114.0%	$27.8B+3.9%	$26.7B-2.0%	$27.3B+21.5%	$22.4B-41.9%	$38.6B
Retained Earnings	-$2.0B+24.3%	-$2.7B-13.3%	-$2.4B+47.4%	-$4.5B-81.9%	-$2.5B-26.0%	-$2.0B-139.7%	-$818.0M-72.9%	-$473.0M+80.2%	-$2.4B+31.8%	-$3.5B-110.9%	$32.1B+10.0%	$29.2B+14.1%	$25.6B+18.8%	$21.5B-39.0%	$35.3B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$45.7B+14.7%	$42.9B+10.7%	$41.5B+6.7%	$41.8B+4.7%	$39.9B+4.7%	$38.8B+3.6%	$38.9B+8.6%	$39.9B+7.9%
Current Assets	$26.7B+30.0%	$24.0B+23.3%	$22.2B+12.1%	$22.5B+8.2%	$20.6B+6.5%	$19.5B+4.7%	$19.8B+17.7%	$20.8B+15.5%
Cash & Equivalents	$4.2B+45.2%	$3.7B+37.3%	$3.2B+9.5%	$3.7B+14.0%	$2.9B+3.1%	$2.7B+10.4%	$2.9B+27.3%	$3.2B+4.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$10.3B+23.5%	$9.2B+12.6%	$8.7B+3.5%	$8.5B+10.3%	$8.4B+7.3%	$8.2B+8.8%	$8.4B+21.9%	$7.7B+12.5%
Accounts Receivable	$7.2B+39.9%	$6.1B+41.3%	$5.3B+27.3%	$5.7B+11.2%	$5.1B+10.0%	$4.3B+0.4%	$4.2B+10.1%	$5.1B+20.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$8.7B+0.1%	$8.7B+0.2%	$8.7B+1.5%	$8.7B+0.9%	$8.7B+1.3%	$8.7B+1.4%	$8.6B-0.1%	$8.6B+0.4%
Total Liabilities	$45.8B+12.4%	$43.1B+7.5%	$42.3B+5.7%	$42.1B+2.1%	$40.8B+3.3%	$40.1B+4.5%	$40.0B+6.7%	$41.2B+8.3%
Current Liabilities	$34.0B+21.9%	$30.2B+13.7%	$29.3B+6.8%	$29.3B+2.0%	$27.9B+3.0%	$26.6B+6.9%	$27.4B+15.0%	$28.7B+17.1%
Non-Current Liabilities	$11.8B-8.2%	$12.9B-4.8%	$13.0B+3.5%	$12.9B+2.5%	$12.9B+3.9%	$13.5B+0.1%	$12.6B-7.8%	$12.5B-7.7%
Long-Term Debt	$7.9B-10.4%	$8.9B-4.7%	$8.8B+6.8%	$8.8B+6.8%	$8.8B+6.7%	$9.3B-0.4%	$8.3B-11.1%	$8.3B-10.7%
Total Equity	-$92.0M+89.8%	-$144.0M+88.7%	-$766.0M+28.5%	-$346.0M+73.8%	-$901.0M+35.3%	-$1.3B-39.3%	-$1.1B+34.6%	-$1.3B-23.8%
Retained Earnings	-$2.1B+10.3%	-$2.0B+19.7%	-$2.3B+15.4%	-$2.0B+24.3%	-$2.4B+13.5%	-$2.4B-8.2%	-$2.8B+0.7%	-$2.7B-13.3%

HPQ Cash Flow Statement

HPQ quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$4.7B	$3.7B-1.4%	$3.7B+5.0%	$3.6B-20.0%	$4.5B-30.4%	$6.4B+48.5%	$4.3B-7.3%	$4.7B+2.8%	$4.5B+23.1%	$3.7B+13.1%	$3.3B-53.7%	$7.0B-43.0%	$12.3B+6.2%	$11.6B+9.8%	$10.6B-16.4%	$12.6B
Depreciation & Amortization	N/A	$916.0M+10.4%	$830.0M-2.4%	$850.0M+9.0%	$780.0M-0.6%	$785.0M-0.5%	$789.0M+6.0%	$744.0M+40.9%	$528.0M+49.2%	$354.0M+6.6%	$332.0M-91.8%	$4.1B-6.3%	$4.3B-6.0%	$4.6B-9.5%	$5.1B+2.2%	$5.0B
Stock-Based Compensation	N/A	$522.0M+15.5%	$452.0M+3.2%	$438.0M+27.7%	$343.0M+3.9%	$330.0M+18.7%	$278.0M-6.4%	$297.0M+10.8%	$268.0M+19.6%	$224.0M+23.1%	$182.0M-74.3%	$709.0M+26.6%	$560.0M+12.0%	$500.0M-21.3%	$635.0M-7.3%	$685.0M
Capital Expenditures	$787.0M	$897.0M+51.5%	$592.0M-0.2%	$593.0M-22.5%	$765.0M+31.4%	$582.0M+0.3%	$580.0M-13.6%	$671.0M+22.9%	$546.0M+35.8%	$402.0M-7.2%	$433.0M-88.0%	$3.6B-6.5%	$3.9B+20.4%	$3.2B-13.7%	$3.7B-18.4%	$4.5B
Free Cash Flow	$3.9B	$2.8B-11.3%	$3.2B+6.0%	$3.0B-19.5%	$3.7B-36.5%	$5.8B+56.0%	$3.7B-6.2%	$4.0B0.0%	$4.0B+21.6%	$3.3B+16.2%	$2.8B-17.6%	$3.4B-59.6%	$8.5B+0.8%	$8.4B+22.5%	$6.9B-15.2%	$8.1B
Investing Cash Flow	-$529.0M	-$1.2B-82.2%	-$646.0M-9.5%	-$590.0M+83.4%	-$3.5B-250.7%	-$1.0B+0.4%	-$1.0B-132.0%	-$438.0M+38.8%	-$716.0M+58.3%	-$1.7B-3677.1%	$48.0M+100.9%	-$5.5B-98.2%	-$2.8B+0.4%	-$2.8B	N/A	-$14.0B
Financing Cash Flow	-$2.8B	-$2.1B+33.2%	-$3.1B-6.5%	-$2.9B-39.9%	-$2.1B+65.3%	-$6.0B-100.5%	-$3.0B+38.6%	-$4.8B+14.1%	-$5.6B-351.1%	-$1.3B+91.3%	-$14.4B-1887.7%	$808.0M+112.3%	-$6.6B+17.3%	-$7.9B	N/A	-$1.6B
Dividends Paid	$1.1B	$1.1B+1.2%	$1.1B+3.7%	$1.0B0.0%	$1.0B+10.6%	$938.0M-5.9%	$997.0M+2.8%	$970.0M+7.9%	$899.0M+0.6%	$894.0M+4.2%	$858.0M-31.4%	$1.3B+5.6%	$1.2B+7.1%	$1.1B+8.9%	$1.0B+20.3%	$844.0M
Share Buybacks	$1.2B	$850.0M-59.5%	$2.1B+2000.0%	$100.0M-97.7%	$4.3B-31.2%	$6.2B+101.1%	$3.1B+29.2%	$2.4B-5.9%	$2.6B+81.1%	$1.4B+21.6%	$1.2B-59.7%	$2.9B+5.7%	$2.7B+78.1%	$1.5B-5.4%	$1.6B-84.0%	$10.1B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$1.7B+4.5%	$926.0M+2336.8%	$383.0M+2.4%	$1.6B+0.1%	$1.7B+16.6%	$38.0M-93.5%	$374.0M+209.1%	$1.6B-17.8%
Depreciation & Amortization	$244.0M-20.3%	$264.0M+28.8%	$214.0M+8.6%	$208.0M0.0%	$306.0M+47.1%	$205.0M-1.9%	$197.0M-3.9%	$208.0M-1.9%
Stock-Based Compensation	N/A	N/A	$182.0M-5.2%	N/A	N/A	N/A	$192.0M+8.5%	N/A
Capital Expenditures	$187.0M-13.0%	$170.0M-7.1%	$233.0M-22.8%	$197.0M+28.8%	$215.0M+32.7%	$183.0M+53.8%	$302.0M+91.1%	$153.0M+14.2%
Free Cash Flow	$1.5B+7.1%	$756.0M+621.4%	$150.0M+108.3%	$1.4B-2.9%	$1.4B+14.6%	-$145.0M-131.4%	$72.0M+294.6%	$1.5B-20.2%
Investing Cash Flow	-$182.0M-1010.0%	-$14.0M+98.3%	-$269.0M+10.3%	-$64.0M+51.5%	$20.0M+108.4%	-$833.0M-1600.0%	-$300.0M-31.6%	-$132.0M-560.0%
Financing Cash Flow	-$1.1B+29.3%	-$363.0M-157.5%	-$673.0M-55.4%	-$721.0M+35.4%	-$1.5B-86.1%	$631.0M+246.1%	-$433.0M+38.8%	-$1.1B-153.1%
Dividends Paid	$274.0M+0.7%	$274.0M+0.4%	$277.0M+1.5%	$270.0M+2.7%	$272.0M+1.5%	$273.0M+1.5%	$273.0M-0.7%	$263.0M+1.2%
Share Buybacks	$300.0M+50.0%	$100.0M0.0%	$325.0M+225.0%	$500.0M-44.4%	$200.0M-66.7%	$100.0M0.0%	$100.0M-80.0%	$900.0M

HPQ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

HPQ quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	20.6%-1.5pp	22.1%+0.7pp	21.4%+1.9pp	19.5%-1.6pp	21.1%+2.7pp	18.4%-0.6pp	19.0%+0.8pp	18.3%-0.2pp	18.4%-0.3pp	18.6%-0.7pp	19.3%-0.5pp	19.8%+0.8pp	19.0%-31.6pp	50.6%+1.8pp	48.8%
Operating Margin	5.7%-1.4pp	7.1%+0.7pp	6.4%-0.8pp	7.2%-1.2pp	8.4%+2.4pp	6.1%-0.5pp	6.6%+0.1pp	6.6%+0.1pp	6.5%-0.9pp	7.4%-0.3pp	7.6%+0.1pp	7.5%+1.1pp	6.4%+15.6pp	-9.2%-16.8pp	7.6%
Net Margin	4.6%-0.6pp	5.2%-0.9pp	6.1%+1.1pp	5.0%-5.3pp	10.3%+5.3pp	5.0%-0.4pp	5.4%-3.8pp	9.1%+4.3pp	4.9%-0.3pp	5.2%-3.7pp	8.8%0.0pp	8.8%-0.4pp	9.3%+19.8pp	-10.5%-16.1pp	5.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	16.4%-2.3pp	18.8%0.0pp	18.8%+75.1pp	-56.4%-74.7pp	18.3%
Return on Assets	6.0%-0.9pp	7.0%-1.9pp	8.8%+0.7pp	8.1%-8.8pp	16.9%+8.8pp	8.1%-1.3pp	9.4%-6.0pp	15.4%+7.7pp	7.7%-0.9pp	8.6%+4.3pp	4.3%-0.6pp	4.9%0.0pp	4.8%+16.5pp	-11.6%-17.1pp	5.5%
Current Ratio	0.770.0x	0.720.0x	0.730.0x	0.750.0x	0.760.0x	0.790.0x	0.80-0.1x	0.85-0.1x	1.000.0x	0.98-0.2x	1.23+0.1x	1.150.0x	1.110.0x	1.09+0.1x	1.01
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.24-0.3x	0.580.0x	0.61-0.4x	0.97+0.4x	0.58
Asset Turnover	1.320.0x	1.34-0.1x	1.45-0.2x	1.630.0x	1.640.0x	1.63-0.1x	1.76+0.1x	1.69+0.1x	1.58-0.1x	1.66+1.2x	0.48-0.1x	0.550.0x	0.52-0.6x	1.11+0.1x	0.98
FCF Margin	5.1%-0.8pp	5.9%+0.4pp	5.5%-0.3pp	5.9%-3.3pp	9.2%+2.6pp	6.6%-0.2pp	6.8%0.0pp	6.8%+0.5pp	6.3%+0.4pp	5.8%-0.8pp	6.7%-8.3pp	15.0%-0.2pp	15.2%+9.5pp	5.7%-0.7pp	6.4%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	18.8%-1.7pp	20.9%+0.2pp	19.6%-1.4pp	20.2%-1.1pp	20.5%-1.0pp	20.7%-2.9pp	21.0%-0.9pp	21.3%-0.3pp
Operating Margin	5.7%+0.5pp	4.3%-0.7pp	5.3%-1.0pp	6.6%-0.5pp	5.1%-1.8pp	5.0%-2.5pp	6.3%-0.8pp	7.0%-0.3pp
Net Margin	4.2%-1.3pp	3.1%0.0pp	3.8%-0.4pp	5.4%-1.0pp	5.5%+0.8pp	3.1%-1.7pp	4.2%-0.5pp	6.5%-0.6pp
Return on Assets	1.5%-0.5pp	1.1%0.0pp	1.3%-0.1pp	1.9%-0.4pp	1.9%+0.2pp	1.1%-0.6pp	1.5%-0.3pp	2.3%-0.4pp
Current Ratio	0.790.0x	0.79+0.1x	0.760.0x	0.770.0x	0.740.0x	0.730.0x	0.720.0x	0.720.0x
Asset Turnover	0.340.0x	0.340.0x	0.350.0x	0.350.0x	0.350.0x	0.340.0x	0.350.0x	0.350.0x
FCF Margin	9.9%-0.5pp	5.3%+6.3pp	1.0%+0.5pp	9.8%-0.7pp	10.4%+1.0pp	-1.1%-4.7pp	0.5%+0.8pp	10.5%-2.9pp

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Note: Shareholder equity is negative (-$346.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.77), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
HP Inc. HPQ	FY2025	$55.3B	$2.5B	4.6%	$29.0B	48/100
Everpure, Inc. PSTG	FY2026	$3.7B	$188.2M	5.1%	$22.4B	50/100
Super Micro Computer, Inc. SMCI	FY2026	$39.1B	$2.2B	5.7%	$28.7B	62/100
Western Digital Corp. WDC	FY2026	$12.9B	$9.4B	73.0%	$149.7B	75/100
Seagate Technology Holdings plc STX	FY2026	$12.2B	$3.2B	26.1%	$193.1B	75/100
Logitech International SA LOGI	FY2026	$4.8B	$711.2M	14.7%	$14.9B	72/100

Where HP Inc. Ranks

Frequently Asked Questions

What is HP Inc.'s annual revenue?

HP Inc. (HPQ) reported $55.3B in total revenue for fiscal year 2025. This represents a 3.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is HP Inc.'s revenue growing?

HP Inc. (HPQ) revenue grew by 3.2% year-over-year, from $53.6B to $55.3B in fiscal year 2025.

Is HP Inc. profitable?

Yes, HP Inc. (HPQ) reported a net income of $2.5B in fiscal year 2025, with a net profit margin of 4.6%.

What is HP Inc.'s EBITDA?

HP Inc. (HPQ) had EBITDA of $4.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does HP Inc. have?

As of fiscal year 2025, HP Inc. (HPQ) had $3.7B in cash and equivalents against $8.8B in long-term debt.

What is HP Inc.'s gross margin?

HP Inc. (HPQ) had a gross margin of 20.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is HP Inc.'s operating margin?

HP Inc. (HPQ) had an operating margin of 5.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is HP Inc.'s net profit margin?

HP Inc. (HPQ) had a net profit margin of 4.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does HP Inc. pay dividends?

Yes, HP Inc. (HPQ) paid $1.16 per share in dividends during fiscal year 2025.

What is HP Inc.'s free cash flow?

HP Inc. (HPQ) generated $2.8B in free cash flow during fiscal year 2025. This represents a -11.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is HP Inc.'s operating cash flow?

HP Inc. (HPQ) generated $3.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are HP Inc.'s total assets?

HP Inc. (HPQ) had $41.8B in total assets as of fiscal year 2025, including both current and long-term assets.

What are HP Inc.'s capital expenditures?

HP Inc. (HPQ) invested $897.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does HP Inc. spend on research and development?

HP Inc. (HPQ) invested $1.6B in research and development during fiscal year 2025.

Does HP Inc. buy back shares?

Yes, HP Inc. (HPQ) spent $850.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does HP Inc. have outstanding?

HP Inc. (HPQ) had 918M shares outstanding as of fiscal year 2025.

What is HP Inc.'s current ratio?

HP Inc. (HPQ) had a current ratio of 0.77 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is HP Inc.'s return on assets (ROA)?

HP Inc. (HPQ) had a return on assets of 6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is HP Inc.'s P/E ratio?

HP Inc. (HPQ) trades at 11.8x earnings, its market capitalization divided by net income of $2.5B net income, trailing 12 months to July 31, 2026. The market capitalization is $29.0B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is HP Inc.'s price-to-sales ratio?

HP Inc. (HPQ) trades at 0.5x sales, its market capitalization divided by revenue of $59.2B revenue, trailing 12 months to July 31, 2026. The market capitalization is $29.0B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is HP Inc.'s debt-to-equity ratio negative or not reported?

HP Inc. (HPQ) has negative shareholder equity of -$346.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is HP Inc.'s Altman Z-Score?

HP Inc. (HPQ) has an Altman Z-Score of 1.72, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is HP Inc.'s Piotroski F-Score?

HP Inc. (HPQ) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are HP Inc.'s earnings high quality?

HP Inc. (HPQ) has an earnings quality ratio of 1.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can HP Inc. cover its interest payments?

HP Inc. (HPQ) has an interest coverage ratio of 7.38x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is HP Inc.?

HP Inc. (HPQ) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.