HPQ Financials HP Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 30, 2026, 10:11 UTC Overview →

Growth & profitability

Revenue has declined 0.5% per year over the past 5 years.
Net income has grown slower than revenue (-2.1% vs -0.5% per year).
Operating margin has been roughly flat, at 5.7% in the latest year.
Free cash flow has declined 5.6% per year over the past 5 years.

Financial health

Total debt ($9.7B) exceeds cash ($3.7B); net debt is $6.0B.
Total debt has grown faster than revenue (9.2% vs -0.5% per year).
Total debt is 2.4× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 43.0% of earnings and 38.9% of free cash flow.
The dividend has grown 1.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$55.3B	$2.5B	20.6%	5.7%	-730.9%	6.1%	$2.8B	$9.7B	$3.7B
2024	$53.6B	$2.8B	22.1%	7.1%	-209.8%	7.0%	$3.2B	$9.7B	$3.2B
2023	$53.7B	$3.3B	21.4%	6.4%	-305.2%	8.8%	$3.0B	$9.6B	$3.1B
2022	$62.9B	$3.1B	19.5%	7.2%	-103.5%	8.1%	$3.7B	$11.2B	$3.1B
2021	$63.5B	$6.5B	21.1%	8.4%	-397.9%	16.9%	$5.8B	$7.6B	$4.3B
2020	$56.6B	$2.8B	18.4%	6.1%	-123.7%	8.1%	$3.7B	$6.3B	$4.9B
2019	$58.8B	$3.2B	19.0%	6.6%	-260.3%	9.4%	$4.0B	$5.1B	$4.5B
2018	$58.5B	$5.3B	18.2%	6.6%	-833.6%	15.4%	$4.0B	—	$5.2B
2017	$52.1B	$2.5B	18.4%	6.5%	-74.1%	7.7%	$3.3B	—	$7.0B
2016	$48.2B	$2.5B	18.7%	7.4%	-64.2%	8.6%	$2.8B	—	$6.3B
2015	$51.5B	$4.6B	19.3%	7.6%	16.4%	4.3%	$3.4B	—	$17.4B
2014	$56.7B	$5.0B	19.8%	7.5%	18.8%	4.9%	$8.5B	—	$15.1B
2013	$55.3B	$5.1B	19.0%	6.4%	18.8%	4.8%	$8.4B	—	$12.2B
2012	$120.4B	—	0.0%	-9.2%	0.0%	0.0%	—	$27.1B	$11.3B
2011	$127.2B	$7.1B	0.0%	7.6%	18.3%	5.5%	$8.1B	$26.3B	$8.0B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jul '26	$15.7B	$661M	18.8%	5.7%	-718.5%	1.4%	$1.5B	$9.2B	$4.2B
Apr '26	$14.4B	$450M	20.9%	4.2%	-312.5%	1.0%	$756M	$9.7B	$3.7B
Jan '26	$14.4B	$545M	19.6%	5.3%	-71.1%	1.3%	$150M	$9.6B	$3.2B
Oct '25	$14.6B	$795M	20.2%	6.6%	-229.8%	1.9%	$1.4B	$9.7B	$3.7B
Jul '25	$13.9B	$763M	20.5%	5.1%	-84.7%	1.9%	$1.4B	$9.6B	$2.9B
Apr '25	$13.2B	$406M	20.7%	4.9%	-31.8%	1.0%	-$145M	$10.7B	$2.7B
Jan '25	$13.5B	$565M	21.0%	6.3%	-52.7%	1.5%	$72M	$9.6B	$2.9B
Oct '24	$14.1B	$906M	21.4%	7.1%	-68.5%	2.3%	$1.5B	$9.7B	$3.2B
Jul '24	$13.5B	$640M	21.5%	7.0%	-46.0%	1.7%	$1.3B	$9.6B	$2.8B
Apr '24	$12.8B	$607M	23.6%	7.4%	-66.3%	1.6%	$462M	$9.5B	$2.4B
Jan '24	$13.2B	$622M	21.9%	7.1%	-37.9%	1.7%	-$37M	$9.5B	$2.3B
Oct '23	$13.8B	$974M	21.6%	7.3%	-91.1%	2.6%	$1.8B	$9.6B	$3.1B
Jul '23	$13.2B	$766M	21.4%	7.2%	-34.1%	2.1%	$839M	$9.4B	$1.7B
Apr '23	$12.9B	$1.1B	22.6%	5.8%	-40.6%	2.9%	$506M	$10.5B	$1.9B
Jan '23	$13.8B	$469M	20.2%	5.4%	-12.3%	1.3%	-$208M	$10.5B	$1.4B
Oct '22	$14.8B	-$23M	18.2%	5.0%	0.8%	-0.1%	$1.8B	$11.2B	$3.1B
Jul '22	$14.6B	$1.1B	19.7%	8.6%	-47.2%	2.9%	$198M	$11.0B	$5.4B
Apr '22	$16.5B	$981M	20.0%	7.6%	-50.1%	2.5%	$330M	$9.0B	$4.5B
Jan '22	$17.0B	$1.1B	19.9%	8.0%	-46.6%	2.8%	$1.4B	$7.0B	$3.4B
Oct '21	$16.7B	$3.1B	19.6%	7.4%	-188.5%	8.0%	$2.7B	$7.6B	$4.3B

Valuation over time

How the market has priced HPQ 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 8.4× (Mar '23) to 10.1× (Nov '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.5× (Nov '26).
The dividend yield has risen from 3.9% (Mar '23) to 4.2% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is HPQ growing its revenue and profit?

Over the past 5 years, HP Inc.'s revenue has declined 0.5% per year, and net income declined 2.1% per year. These are computed facts, not advice.

How much debt does HPQ have?

As of FY2025, HP Inc. reported $9.7B of total debt against $3.7B of cash.

What is HPQ's profit margin?

In FY2025, gross margin was 20.6%, operating margin 5.7%, and net margin 4.6%.

What is HPQ's P/E ratio?

HP Inc.'s P/E (TTM) is 10.46 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the HPQ stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 10.1× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.