HPQ Technology

HP Inc.

$28.27-0.56%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Technology
Industry: Computer Hardware
Country: United States
Market cap: 25.5B USD
Enterprise value: 32.1B USD
Full-time employees: 55,000

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.19 vs a peer median of 0.87) and less short-term liquidity (current ratio 0.79 vs a peer median of 1.83)higher risk: bigger price swings (beta 1.19 vs peers 0.87) and less liquidity (current ratio 0.79 vs peers 1.83)

Ranks #620 of 1,612 technology companies (top 39%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
HP's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Share count shrinking. Shares outstanding down 8.0% from October 2022 to August 2026.
HP had 8.0% fewer shares at August 2026 than at October 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 158% of reported profit.
HP's free cash flow is 158% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

56/ 100▲ 1 since Oct 27 close

Oct 5 56 → Nov 4 56

Valuation

Is the price right?

97/100

Strong▲ 3 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 94 → 97

Share price -15.8%+4
Company's reported figures updated-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ FCF yield
▲ Earnings yield
▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield9.6%

SEC filings · 12 months to Jul 2026Reported value30% base weight · Z-score 3.27Sector median: 0.0225 · MAD: 0.0225

EBITDA yield13.6%

SEC filings · 12 months to Jul 2026Reported value50% base weight · Z-score 2.59Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield15.2%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingOutlier capped at sector 5th/95th percentile20% base weight · Z-score 4.45Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield-0.4%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

40/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.0%

Why

Held back by:

▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-3.8%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.49Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth2.7%

SEC filings · 3 years to Jul 2026Reported value33% base weight · Z-score -0.27Sector median: 0.0483 · MAD: 0.0793

Revenue growth8.1%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.04Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

85/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROIC
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin5.4%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.12Sector median: 0.0631 · MAD: 0.0710

Return on assets5.4%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.67Sector median: 0.0293 · MAD: 0.0362

Return on invested capital51.5%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 5.22Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin19.9%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equityUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.19

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.86Sector median: 0.8710 · MAD: 0.3700

Current ratio0.79×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.52Sector median: 1.8295 · MAD: 0.6848

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -7.82Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about HP

Is HP getting weaker?: Its latest SEC filing (Aug 27, 2026) showed no major changes. Its overall score is 56/100, up 1 since Oct 28, 2026.
How is HP valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 97/100 against 1,711 technology peers. Free cash flow yield 15.2% vs a peer median of 2.7% (stronger than 95% of peers).Free cash flow yield 15.2% vs peers 2.7% (stronger than 95% of peers).
Is HP growing?: At about the same pace as its peers. Growth scores 40/100 against 1,711 technology peers. Earnings per share growth -3.8% vs a peer median of 11.1% (weaker than 67% of peers).Earnings per share growth -3.8% vs peers 11.1% (weaker than 67% of peers).
How profitable is HP?: More profitable than most of its peers. Profitability scores 85/100 against 1,711 technology peers. Return on invested capital 51.5% vs a peer median of 6.8% (stronger than 94% of peers).Return on invested capital 51.5% vs peers 6.8% (stronger than 94% of peers).
How risky is HP?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.79× vs a peer median of 1.83× (weaker than 95% of peers).Current ratio 0.79× vs peers 1.83× (weaker than 95% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jul 31, 2026 · filed Aug 27, 2026 · compared with the quarter ended Apr 30, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	57.4B USD	59.2B USD	+3.0%
Net income (12 months)	2.6B USD	2.5B USD	−4.0%
Operating margin	5.3%	5.4%	+0.1 pts
Free cash flow (12 months)	3.8B USD	3.9B USD	+2.7%
Debt	9.7B USD	9.2B USD	−5.2%
Cash	3.7B USD	4.2B USD	+12.6%
Shares outstanding	914.5M	901.8M	−1.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Technology · 320 companies

Valuations in Technology are above their usual range since 2016.

70% of months since 2016 were valued lower than now.
37% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +5% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +68% vs the whole market, against a usual +58%.

2016Shaded: most expensive fifth of its range2026

Shown for Technology: too few Computer Hardware companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Oct 2021	FY Oct 2022	FY Oct 2023	FY Oct 2024	FY Oct 2025	Change
Gross margin	—	19.5%	21.4%	22.1%	20.6%	▼ 1.5 pts
Operating margin	8.4%	7.2%	6.4%	7.1%	5.7%	▼ 1.4 pts
Net margin	10.3%	5.0%	6.1%	5.2%	4.6%	▼ 0.6 pts
Return on assets (ROA)	16.9%	8.1%	8.8%	7.0%	6.1%	▼ 0.9 pts
Free cash flow margin	9.2%	5.9%	5.5%	5.9%	5.1%	▼ 0.8 pts
Current ratio	0.76×	0.75×	0.73×	0.72×	0.77×	▲ 6.0%
Quick ratio	0.49×	0.46×	0.45×	0.45×	0.48×	▲ 4.8%
Interest coverage	21.10×	12.70×	6.31×	8.45×	7.38×	▼ 13%

HPQ price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

LEENO Industrial Inc.058470.KQ97/ 100

Transcend Information, Inc.2451.TW94/ 100

Joint Stock Company Kaspi.kzKSPI93/ 100

Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.19 vs a peer median of 0.87) and less short-term liquidity (current ratio 0.79 vs a peer median of 1.83)higher risk: bigger price swings (beta 1.19 vs peers 0.87) and less liquidity (current ratio 0.79 vs peers 1.83)

Ranks #620 of 1,612 technology companies (top 39%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

HP's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Share count shrinking. Shares outstanding down 8.0% from October 2022 to August 2026.

HP had 8.0% fewer shares at August 2026 than at October 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Profit is backed by cash. Free cash flow is 158% of reported profit.

HP's free cash flow is 158% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about HP

Is HP getting weaker?

Its latest SEC filing (Aug 27, 2026) showed no major changes. Its overall score is 56/100, up 1 since Oct 28, 2026.

How is HP valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 97/100 against 1,711 technology peers. Free cash flow yield 15.2% vs a peer median of 2.7% (stronger than 95% of peers).Free cash flow yield 15.2% vs peers 2.7% (stronger than 95% of peers).

Is HP growing?

At about the same pace as its peers. Growth scores 40/100 against 1,711 technology peers. Earnings per share growth -3.8% vs a peer median of 11.1% (weaker than 67% of peers).Earnings per share growth -3.8% vs peers 11.1% (weaker than 67% of peers).

How profitable is HP?

More profitable than most of its peers. Profitability scores 85/100 against 1,711 technology peers. Return on invested capital 51.5% vs a peer median of 6.8% (stronger than 94% of peers).Return on invested capital 51.5% vs peers 6.8% (stronger than 94% of peers).

How risky is HP?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.79× vs a peer median of 1.83× (weaker than 95% of peers).Current ratio 0.79× vs peers 1.83× (weaker than 95% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

57.4B USD

59.2B USD

+3.0%

Net income (12 months)

2.6B USD

2.5B USD

−4.0%

Operating margin

5.3%

5.4%

+0.1 pts

Free cash flow (12 months)

3.8B USD

3.9B USD

+2.7%

Debt

9.7B USD

9.2B USD

−5.2%

Cash

3.7B USD

4.2B USD

+12.6%

Shares outstanding

914.5M

901.8M

−1.4%

Key ratios

FY Oct 2021

FY Oct 2022

FY Oct 2023

FY Oct 2024

FY Oct 2025

Change

Gross margin

—

19.5%

21.4%

22.1%

20.6%

▼ 1.5 pts

Operating margin

8.4%

7.2%

6.4%

7.1%

5.7%

▼ 1.4 pts

Net margin

10.3%

5.0%

6.1%

5.2%

4.6%

▼ 0.6 pts

Return on assets (ROA)

16.9%

8.1%

8.8%

7.0%

6.1%

▼ 0.9 pts

Free cash flow margin

9.2%

5.9%

5.5%

5.9%

5.1%

▼ 0.8 pts

Current ratio

0.76×

0.75×

0.73×

0.72×

0.77×

▲ 6.0%

Quick ratio

0.49×

0.46×

0.45×

0.48×

▲ 4.8%

Interest coverage

21.10×

12.70×

6.31×

8.45×

7.38×

▼ 13%