HP Inc.

Information Technology Technology Hardware, Storage & Peripherals Palo Alto, California Last filing Dec 10, 2025 · FY2025

                    Revenue
                    FY2025
                
$55.3B
                    3y CAGR -4.2%
                    
                    P11
                    
                    +3.2%
                    
                    Net income
                    FY2025
                
$2.5B
                    Net margin +4.6%
                    
                    P12
                    
                    -8.9%
                    
                    Total assets
                    FY2025
                
$41.8B
                    ROA +6.1%
                    
                    P35
                    
                    +4.7%
                    
                    Operating cash flow
                    FY2025
                
$3.7B
                    FCF margin +5.1%
                    
                    P14
                    
                    -1.4%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 10 years

Total assets $41.8B

Total liabilities $29.3B

Shareholders equity $-346.0M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	8.8%	8.1%	8.4%	8.2%	11.1%	14.0%	13.6%	14.9%	—	21.7%
Short Term Investments	0.0%	0.2%	0.0%	0.0%	0.0%	0.8%	—	2.1%	—	0.2%
Accounts Receivable	13.6%	12.8%	11.5%	11.8%	14.3%	15.5%	18.0%	14.8%	—	14.2%
Inventory	20.4%	19.3%	18.5%	19.7%	20.5%	17.2%	17.1%	17.5%	—	15.5%
Prepaid Expenses	10.9%	11.7%	9.9%	11.7%	11.4%	12.8%	11.6%	14.6%	—	12.4%
Other Current Assets	10.9%	11.7%	9.9%	11.7%	11.4%	12.8%	11.6%	14.6%	—	12.4%
Total Current Assets	53.8%	52.0%	48.6%	51.3%	57.4%	59.5%	60.3%	61.8%	—	63.7%
Property,Plant and Equipment	7.3%	7.3%	7.6%	7.2%	6.6%	7.6%	8.3%	6.3%	—	6.0%
Operating Lease Assets	2.7%	2.9%	3.2%	3.2%	3.1%	3.2%	0.0%	—	—	—
Goodwill	20.8%	21.6%	23.2%	22.1%	17.6%	18.4%	19.0%	17.2%	—	19.4%
Intangible Assets	2.4%	3.3%	4.3%	5.0%	2.0%	1.6%	2.0%	1.3%	—	—
Other Noncurrent Assets	18.1%	19.1%	20.6%	19.4%	18.4%	14.5%	12.3%	14.6%	—	10.9%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	—	100.0%
Liabilities
Accounts Payable	43.2%	42.4%	38.0%	39.6%	41.6%	42.4%	44.2%	42.8%	—	38.3%
Accrued Liabilities	5.6%	6.1%	6.7%	7.7%	8.3%	8.5%	7.6%	5.4%	—	6.6%
Deferred Revenue	3.9%	3.6%	3.8%	3.6%	3.3%	3.5%	3.5%	3.2%	—	—
Current Portion of Long Term Debt	1.9%	3.4%	0.5%	0.4%	1.7%	1.8%	0.9%	1.6%	—	0.2%
Operating Lease Liabilities	1.0%	1.1%	1.2%	1.0%	0.9%	0.8%	—	—	—	—
Other Current Liabilities	24.8%	26.0%	27.6%	27.6%	30.8%	31.3%	30.3%	25.6%	—	19.7%
Total Current Liabilities	70.0%	71.9%	66.2%	67.8%	75.3%	75.6%	75.6%	72.6%	—	64.9%
Long Term Debt	21.1%	20.7%	25.0%	28.0%	16.5%	16.0%	14.3%	17.3%	—	23.5%
Deferred Revenue Noncurrent	3.9%	3.7%	3.6%	3.0%	2.8%	3.1%	3.2%	2.9%	—	—
Operating Lease Liabilities Noncurrent	2.0%	2.0%	2.2%	2.3%	2.4%	2.6%	—	—	—	—
Deferred Tax Liabilities	0.0%	1.3%	1.6%	1.9%	0.9%	0.9%	0.3%	0.8%	—	19.0%
Other Noncurrent Liabilities	9.7%	10.7%	11.7%	11.8%	12.4%	14.8%	13.7%	16.2%	—	25.3%
Total Liabilities	70.0%	—	—	67.8%	—	—	—	—	—	—
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%
Common Stock	0.0%	28.8%	31.3%	0.0%	30.5%	35.2%	37.4%	36.7%	—	44.9%
Additional Paid In Capital	5.1%	4.5%	4.1%	3.0%	2.7%	2.8%	2.5%	1.9%	—	3.6%
Retained Earnings	-4.9%	-6.7%	-6.4%	-11.4%	-6.4%	-5.7%	-2.4%	-1.4%	—	-12.1%
Accumulated Other Comprehensive Income	-1.1%	-1.1%	-0.6%	0.8%	-0.6%	-3.6%	-3.7%	-2.4%	—	-5.0%
Total Stockholders Equity	-0.8%	-3.3%	-2.9%	-7.8%	-4.3%	-6.6%	-3.6%	-1.8%	—	-13.4%
Total Liabilitiesand Equity	100.0%	—	—	100.0%	—	—	—	—	—	—

Income Statement

Revenue, expense, and profitability

21 accounts · 10 years

Revenue $55.3B

Operating income $3.2B

Net income $2.5B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	132.4%	134.2%	145.2%	163.0%	164.4%	163.3%	175.6%	168.9%	—	166.4%
Expenses Cost of Revenue	105.1%	104.6%	114.1%	131.3%	129.7%	133.3%	142.2%	138.1%	—	135.4%
Expenses Research and Development	3.8%	4.1%	4.3%	4.3%	4.8%	4.3%	4.5%	4.1%	—	4.2%
Expenses Selling,General and Administrative	13.9%	14.2%	14.5%	13.6%	14.8%	14.1%	16.0%	14.7%	—	13.2%
Expenses Depreciation and Amortization	2.2%	2.1%	2.3%	2.0%	2.0%	2.3%	2.2%	1.5%	—	1.1%
Expenses Share Based Compensation	1.2%	—	—	0.9%	—	—	—	—	—	—
Expenses Restructuring and Asset Impairment	0.8%	0.6%	1.2%	0.5%	0.6%	1.1%	0.7%	0.3%	—	0.6%
Expenses Operating Expenses	19.7%	20.0%	21.8%	20.0%	150.5%	153.4%	164.0%	157.8%	—	154.2%
Other Income Expense Gross Profit	27.3%	—	—	31.8%	—	—	—	—	—	—
Other Income Expense Operating Income	7.6%	9.6%	9.3%	11.8%	13.9%	9.9%	11.6%	11.1%	—	12.2%
Other Income Expense Interest Income	0.2%	0.2%	0.2%	0.1%	0.1%	0.1%	0.2%	0.3%	—	0.1%
Other Income Expense Interest Expense	1.0%	—	—	0.9%	—	—	—	—	—	—
Other Income Expense Other Income/expense	-0.0%	0.1%	0.0%	-0.0%	-0.1%	0.1%	-0.0%	0.1%	—	0.0%
Other Income Expense Income Before Tax	6.4%	8.2%	7.9%	11.2%	19.6%	9.3%	7.5%	8.7%	—	13.0%
Income Tax Income Tax Expense	0.3%	1.3%	-0.9%	3.1%	2.7%	1.1%	-1.9%	-6.7%	—	3.8%
net Income net Income	6.1%	7.0%	8.8%	8.1%	16.9%	8.1%	9.4%	15.4%	—	8.6%
net Income Comprehensive Income	6.0%	6.4%	7.4%	9.5%	19.5%	8.1%	8.3%	17.0%	—	7.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%
Earnings Per Share Weighted Average Shares Basic	2.3%	2.5%	2.7%	2.7%	3.1%	4.1%	4.5%	4.7%	—	6.0%
Earnings Per Share Weighted Average Shares Diluted	2.3%	2.5%	2.7%	2.7%	3.2%	4.1%	4.6%	4.7%	—	6.0%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 10 years

Operating cash flow $3.7B

Investing cash flow $-1.2B

Financing cash flow $-2.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	6.1%	7.0%	8.8%	8.1%	16.9%	8.1%	9.4%	15.4%	—	8.6%
Operating Activities Depreciation and Amortization	2.2%	2.1%	2.3%	2.0%	2.0%	2.3%	2.2%	1.5%	—	1.1%
Operating Activities Stock Based Compensation	1.2%	1.1%	1.2%	0.9%	0.9%	0.8%	0.9%	0.8%	—	0.6%
Operating Activities Deferred Income Taxes	-0.0%	-0.3%	-2.5%	1.5%	-1.5%	0.1%	0.4%	-10.6%	—	1.4%
Operating Activities Changes In Operating Assets and Liabilities	3.2%	2.6%	0.2%	-3.9%	0.1%	0.1%	-5.0%	-1.9%	—	5.1%
Operating Activities net Cash From Operating Activities	8.9%	9.4%	9.7%	11.6%	16.6%	12.4%	13.9%	13.1%	—	11.2%
Investing Activities Capital Expenditures	2.1%	1.5%	1.6%	2.0%	1.5%	1.7%	2.0%	1.6%	—	1.5%
Investing Activities Business Acquisitions	0.3%	0.1%	0.0%	7.1%	2.2%	0.0%	1.4%	3.0%	—	0.0%
Investing Activities Purchases of Investments	0.1%	0.0%	0.0%	0.1%	0.1%	2.0%	0.2%	1.1%	—	0.4%
Investing Activities net Cash From Investing Activities	-2.8%	-1.6%	-1.6%	-9.2%	-2.6%	-2.9%	-1.3%	-2.1%	—	0.2%
Financing Activities Proceeds From Debt	3.3%	1.0%	0.7%	10.8%	5.5%	9.0%	0.4%	0.0%	—	0.0%
Financing Activities Repayment of Debt	3.3%	0.5%	4.6%	1.8%	3.2%	5.3%	2.0%	6.1%	—	7.5%
Financing Activities Repurchase of Common Stock	2.0%	5.3%	0.3%	11.1%	16.2%	9.0%	7.2%	7.4%	—	4.0%
Financing Activities Dividends Paid	2.6%	2.7%	2.8%	2.7%	2.4%	2.9%	2.9%	2.6%	—	3.0%
Financing Activities net Cash From Financing Activities	-4.9%	-7.7%	-7.8%	-5.4%	-15.4%	-8.6%	-14.5%	-16.3%	—	-49.8%
Cash Reconciliation Effect of Exchange Rate On Cash	8.9%	—	—	8.2%	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	1.1%	0.1%	0.2%	-3.0%	-1.5%	0.9%	-1.9%	-5.3%	—	—
Cash Reconciliation Cash At Beginning of Period	8.9%	8.1%	8.4%	8.2%	11.1%	14.0%	13.6%	14.9%	—	21.7%
Cash Reconciliation Cash At End of Period	8.9%	8.1%	8.4%	8.2%	11.1%	14.0%	13.6%	14.9%	—	21.7%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+20.6%	+22.1%	+21.4%	+19.5%	+21.1%	+18.4%	+19.0%	+18.2%	—	+18.7%
Operating margin	+5.7%	+7.1%	+6.4%	+7.2%	+8.4%	+6.1%	+6.6%	+6.6%	—	+7.4%
Net margin	+4.6%	+5.2%	+6.1%	+5.0%	+10.3%	+5.0%	+5.4%	+9.1%	—	+5.2%
FCF margin	+5.1%	+5.9%	+5.5%	+5.9%	+9.2%	+6.6%	+6.8%	+6.8%	—	+5.8%
Growth
Revenue CAGR (3y)	-4.2%	-5.5%	-1.7%	+2.3%	+2.8%	—	+6.8%	+4.3%	—	-4.4%
Returns
ROE	-730.9%	-209.8%	-305.2%	-103.5%	-397.9%	-123.7%	-260.3%	-833.6%	—	-64.2%
ROA	+6.1%	+7.0%	+8.8%	+8.1%	+16.9%	+8.1%	+9.4%	+15.4%	—	+8.6%
ROIC	+54.0%	+50.0%	+63.0%	+68.9%	+208.5%	-1044.1%	-1275.3%	+172.3%	—	-77.5%
Liquidity
Current ratio	0.77x	0.72x	0.73x	0.76x	0.76x	0.79x	0.80x	0.85x	—	0.98x
Quick ratio	0.32x	0.29x	0.30x	0.29x	0.34x	0.39x	0.42x	0.41x	—	0.55x
Leverage
D/E	-84.56x	-31.17x	-35.62x	-8.65x	-24.48x	-16.24x	-28.64x	-55.18x	—	-8.45x
Interest coverage	7.38x	—	—	12.70x	—	—	—	—	—	—
Efficiency
Asset turnover	1.32x	1.34x	1.45x	1.63x	1.64x	1.63x	1.76x	1.69x	—	1.66x
Cash conversion cycle	-42d	-45d	-33d	-29d	-28d	-34d	-32d	-35d	—	-30d

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