HPE Financials Hewlett Packard Enterprise

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 4.9% per year over the past 5 years.
Operating margin has been roughly flat, at -1.3% in the latest year.

Financial health

Total debt ($22.4B) exceeds cash ($5.8B); net debt is $16.6B.
Total debt has grown in line with revenue (2.6% vs 4.9% per year).
Operating income covered interest expense -0.4× in the latest year, up from -0.5× 5 years ago.
Total debt is 9.7× EBITDA.

Shareholder returns

Dividends have been paid for 10 consecutive years, consuming 1200.0% of earnings and 109.1% of free cash flow.
The dividend has grown 2.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$34.3B	$57M	0.0%	-1.3%	$627M	$22.4B	$5.8B
2024	$30.1B	$2.6B	0.0%	7.3%	$2.0B	$18.2B	$14.8B
2023	$29.1B	$2.0B	0.0%	7.2%	$1.6B	$17.2B	$4.3B
2022	$28.5B	$868M	0.0%	2.7%	$1.5B	$17.1B	$4.2B
2021	$27.8B	$3.4B	0.0%	4.1%	$3.4B	$17.0B	$4.0B
2020	$27.0B	-$322M	0.0%	-1.2%	-$143M	$19.7B	$4.2B
2019	$29.1B	$1.0B	0.0%	4.4%	$1.1B	—	$3.8B
2018	$30.9B	$1.9B	54.4%	5.6%	$8M	—	$4.9B
2017	$28.9B	$344M	56.0%	2.0%	-$1.8B	—	$9.6B
2016	$30.3B	$3.2B	56.9%	12.9%	$1.8B	—	$13.0B
2015	$31.1B	$2.5B	57.2%	6.3%	$317M	—	$9.8B
2014	$55.1B	$1.6B	77.5%	4.2%	$3.3B	—	$2.3B
2013	$57.4B	$2.1B	78.5%	5.1%	—	—	$2.2B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Apr '26	$10.7B	$624M	0.0%	7.0%	$827M	$21.2B	$5.3B
Jan '26	$9.3B	$452M	0.0%	5.1%	$609M	$21.6B	$4.8B
Oct '25	$9.7B	$175M	0.0%	-0.1%	$1.8B	$22.4B	$5.8B
Jul '25	$9.1B	$305M	0.0%	2.7%	$729M	$23.7B	$4.6B
Apr '25	$7.6B	-$1.1B	0.0%	-14.5%	-$1.0B	$17.5B	$11.7B
Jan '25	$7.9B	$627M	0.0%	5.5%	-$918M	$17.9B	$13.4B
Oct '24	$8.5B	$1.4B	0.0%	8.2%	$1.4B	$18.2B	$14.8B
Jul '24	$7.7B	$512M	0.0%	7.1%	$611M	$11.8B	$3.6B
Apr '24	$7.2B	$314M	0.0%	5.9%	$533M	$11.3B	$2.7B
Jan '24	$6.8B	$387M	0.0%	7.8%	-$592M	$12.8B	$3.8B
Oct '23	$7.4B	$642M	0.0%	6.9%	$2.2B	$17.2B	$4.3B
Jul '23	$7.0B	$464M	0.0%	6.7%	$854M	$13.4B	$2.9B
Apr '23	$7.0B	$418M	0.0%	7.5%	$201M	$13.4B	$2.8B
Jan '23	$7.8B	$501M	0.0%	7.6%	-$1.6B	$12.9B	$2.5B
Oct '22	$7.9B	-$304M	0.0%	-4.3%	$2.0B	$17.1B	$4.2B
Jul '22	$7.0B	$409M	0.0%	6.7%	$481M	$13.9B	$3.8B
Apr '22	$6.7B	$250M	0.0%	3.1%	-$346M	$13.5B	$3.0B
Jan '22	$7.0B	$513M	0.0%	6.4%	-$700M	$14.1B	$3.9B
Oct '21	$7.4B	$2.6B	0.0%	4.8%	$2.2B	$17.0B	$4.0B
Jul '21	$6.9B	$392M	0.0%	4.1%	$446M	$16.2B	$5.3B

Valuation over time

How the market has priced HPE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 24.3× (Mar '23) to 1084.0× (Jun '26).
The price-to-sales ratio has risen from 0.7× (Mar '23) to 1.8× (Jun '26).
The dividend yield has fallen from 2.9% (Mar '23) to 1.1% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is HPE growing its revenue and profit?

Over the past 5 years, Hewlett Packard Enterprise's revenue has grown 4.9% per year. These are computed facts, not advice.

How much debt does HPE have?

As of FY2025, Hewlett Packard Enterprise reported $22.4B of total debt against $5.8B of cash; operating income covered interest expense -0.4×.

What is HPE's profit margin?

In FY2025, gross margin was —, operating margin -1.3%, and net margin 0.2%.

What is HPE's P/E ratio?

As of Jun '26, Hewlett Packard Enterprise traded at a price-to-earnings ratio of about 1084.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.