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%
                    
                    P9
                    
                    +3.2%
                    
                    Net income
                    FY2025
                
$2.5B
                    Net margin +4.6%
                    
                    P12
                    
                    -8.9%
                    
                    Total assets
                    FY2025
                
$41.8B
                    ROA +6.1%
                    
                    P37
                    
                    +4.7%
                    
                    Operating cash flow
                    FY2025
                
$3.7B
                    FCF margin +5.1%
                    
                    P12
                    
                    -1.4%

19 yrs · FY2007–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

22 accounts · 3 years

Total assets $41.8B

Total liabilities ~$42.1B

Shareholders equity $-346.0M

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	$3.7B 13.9%	$3.3B 0.6%	$3.2B
Accounts Receivable	$5.7B 11.2%	$5.1B 20.8%	$4.2B
Inventory	$8.5B 10.3%	$7.7B 12.5%	$6.9B
Other Current Assets	$4.5B -2.7%	$4.7B 28.1%	$3.6B
Total Current Assets	$22.5B 8.2%	$20.8B 15.5%	$18.0B
Property,Plant and Equipment	$3.0B 4.6%	$2.9B 3.1%	$2.8B
Goodwill	$8.7B 0.9%	$8.6B 0.4%	$8.6B
Other Noncurrent Assets	$7.6B -0.6%	$7.6B 0.0%	$7.6B
Total Assets	$41.8B 4.7%	$39.9B 7.9%	$37.0B
Liabilities
Accounts Payable	$18.1B 6.8%	$16.9B 20.3%	$14.0B
Current Portion of Long Term Debt	$845.0M -39.9%	$1.4B 511.3%	$230.0M
Other Current Liabilities	$10.4B -0.2%	$10.4B 1.6%	$10.2B
Total Current Liabilities	$29.3B 2.0%	$28.7B 17.1%	$24.5B
Long Term Debt	$8.8B 6.8%	$8.3B -10.7%	$9.3B
Other Noncurrent Liabilities	$4.0B -5.7%	$4.3B -1.1%	$4.3B
Equity
Preferred Stock	$0	$0	$0
Common Stock	$9.0M 0.0%	$9.0M -10.0%	$10.0M
Additional Paid In Capital	$2.1B 19.7%	$1.8B 18.1%	$1.5B
Retained Earnings	$-2.0B 24.3%	$-2.7B -13.3%	$-2.4B
Accumulated Other Comprehensive Income	$-457.0M -5.3%	$-434.0M -94.6%	$-223.0M
Total Stockholders Equity	$-346.0M 73.8%	$-1.3B -23.8%	$-1.1B
Total Liabilitiesand Equity	$41.8B 4.7%	$39.9B 7.9%	$37.0B

Income Statement

Revenue, expense, and profitability

16 accounts · 3 years

Revenue $55.3B

Operating income $3.2B

Net income $2.5B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	$55.3B 3.2%	$53.6B -0.3%	$53.7B
Expenses Cost of Revenue	$43.9B 5.2%	$41.7B -1.1%	$42.2B
Other Income Expense Gross Profit	$11.4B -3.6%	$11.8B 2.7%	$11.5B
Expenses Research and Development	$1.6B -2.3%	$1.6B 3.9%	$1.6B
Expenses Selling,General and Administrative	$5.8B 2.9%	$5.7B 5.6%	$5.4B
Expenses Depreciation and Amortization	$345.0M 8.5%	$318.0M -9.1%	$350.0M
Expenses Other Operating Expenses	$450.0M 17.2%	$384.0M -49.9%	$767.0M
Other Income Expense Operating Income	$3.2B -16.9%	$3.8B 10.5%	$3.5B
Other Income Expense Other Income/expense	$-506.0M 6.1%	$-539.0M -3.9%	$-519.0M
Other Income Expense Income Before Tax	$2.7B -18.6%	$3.3B 11.6%	$2.9B
Income Tax Income Tax Expense	$139.0M -72.4%	$504.0M 254.6%	$-326.0M
net Income net Income	$2.5B -8.9%	$2.8B -15.0%	$3.3B
net Income Comprehensive Income	$2.5B -2.3%	$2.6B -6.9%	$2.8B
Earnings Per Share Basic Eps	$3 -5.7%	$3 -14.0%	$3
Earnings Per Share Diluted Eps	$3 -5.7%	$3 -13.8%	$3
Earnings Per Share Weighted Average Shares Diluted	$953.0M -3.6%	$989.0M -1.1%	$1.0B

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $3.7B

Investing cash flow $-1.2B

Financing cash flow $-2.1B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	$2.5B -8.9%	$2.8B -15.0%	$3.3B
Operating Activities Depreciation and Amortization	$916.0M 10.4%	$830.0M -2.4%	$850.0M
Operating Activities Stock Based Compensation	$522.0M 15.5%	$452.0M 3.2%	$438.0M
Operating Activities Deferred Income Taxes	$-6.0M 95.1%	$-122.0M 86.8%	$-923.0M
Operating Activities Changes In Operating Assets and Liabilities	$-785.0M -74.8%	$-449.0M 21.8%	$-574.0M
Operating Activities Other Non Cash Items	$521.0M 98.1%	$263.0M -49.1%	$517.0M
Operating Activities net Cash From Operating Activities	$3.7B -1.4%	$3.7B 5.0%	$3.6B
Investing Activities Capital Expenditures	$-897.0M -51.5%	$-592.0M 0.2%	$-593.0M
Investing Activities Business Acquisitions	$-116.0M -100.0%	$-58.0M -728.6%	$-7.0M
Investing Activities Purchases of Investments	$-40.0M -900.0%	$-4.0M 63.6%	$-11.0M
Investing Activities Proceeds From Sale of Investments	$74.0M 825.0%	$8.0M -61.9%	$21.0M
Investing Activities Other Investing Activities	$-198.0M	$0	$0
Investing Activities net Cash From Investing Activities	$-1.2B -82.2%	$-646.0M -9.5%	$-590.0M
Financing Activities Proceeds From Debt	$1.4B 264.5%	$380.0M 49.0%	$255.0M
Financing Activities Repayment of Debt	$-1.4B -551.2%	$-213.0M 87.5%	$-1.7B
Financing Activities Repurchase of Common Stock	$-800.0M 61.9%	$-2.1B -2000.0%	$-100.0M
Financing Activities Dividends Paid	$-1.1B -1.2%	$-1.1B -3.7%	$-1.0B
Financing Activities Other Financing Activities	$-120.0M -62.2%	$-74.0M 76.3%	$-312.0M
Financing Activities net Cash From Financing Activities	$-2.1B 33.2%	$-3.1B -6.5%	$-2.9B
Cash Reconciliation net Change In Cash	$460.0M 2090.5%	$21.0M -75.9%	$87.0M

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+20.6%	+22.1%	+21.4%
Operating margin	+5.7%	+7.1%	+6.4%
Net margin	+4.6%	+5.2%	+6.1%
FCF margin	+5.1%	+5.9%	+5.5%
Growth
Revenue CAGR (3y)	-4.2%	—	—
Returns
ROE	-730.9%	-209.8%	-305.2%
ROA	+6.1%	+7.0%	+8.8%
ROIC	+53.6%	+63.4%	+66.7%
Liquidity
Current ratio	0.77x	0.72x	0.73x
Quick ratio	0.32x	0.29x	0.31x
Leverage
D/E	-121.72x	-31.17x	-35.62x
Interest coverage	—	—	—
Efficiency
Asset turnover	1.32x	1.34x	1.45x
Cash conversion cycle	-42d	-45d	-33d

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HP Inc.

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