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 revenue.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 3 years

Total assets $41.8B

Total liabilities $29.3B

Shareholders equity $-346.0M

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	6.7%	6.0%	5.8%
Short Term Investments	0.0%	0.2%	0.0%
Accounts Receivable	10.3%	9.6%	7.9%
Inventory	15.4%	14.4%	12.8%
Prepaid Expenses	8.2%	8.7%	6.8%
Other Current Assets	8.2%	8.7%	6.8%
Total Current Assets	40.6%	38.8%	33.5%
Property,Plant and Equipment	5.5%	5.4%	5.3%
Operating Lease Assets	2.0%	2.2%	2.2%
Goodwill	15.7%	16.1%	16.0%
Intangible Assets	1.8%	2.5%	3.0%
Other Noncurrent Assets	13.7%	14.2%	14.2%
Total Assets	75.5%	74.5%	68.9%
Liabilities
Accounts Payable	32.6%	31.6%	26.1%
Accrued Liabilities	4.2%	4.6%	4.6%
Deferred Revenue	2.9%	2.7%	2.7%
Current Portion of Long Term Debt	1.4%	2.5%	0.3%
Operating Lease Liabilities	0.7%	0.8%	0.8%
Other Current Liabilities	18.7%	19.4%	19.0%
Total Current Liabilities	52.9%	53.6%	45.6%
Long Term Debt	16.0%	15.4%	17.2%
Deferred Revenue Noncurrent	3.0%	2.8%	2.5%
Operating Lease Liabilities Noncurrent	1.5%	1.5%	1.5%
Deferred Tax Liabilities	0.0%	1.0%	1.1%
Other Noncurrent Liabilities	7.3%	8.0%	8.1%
Total Liabilities	52.9%	—	—
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	21.4%	21.6%
Additional Paid In Capital	3.9%	3.3%	2.8%
Retained Earnings	-3.7%	-5.0%	-4.4%
Accumulated Other Comprehensive Income	-0.8%	-0.8%	-0.4%
Total Stockholders Equity	-0.6%	-2.5%	-2.0%
Total Liabilitiesand Equity	75.5%	—	—

Income Statement

Revenue, expense, and profitability

21 accounts · 3 years

Revenue $55.3B

Operating income $3.2B

Net income $2.5B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	79.4%	77.9%	78.6%
Expenses Research and Development	2.9%	3.1%	2.9%
Expenses Selling,General and Administrative	10.5%	10.6%	10.0%
Expenses Depreciation and Amortization	1.7%	1.5%	1.6%
Expenses Share Based Compensation	0.9%	—	—
Expenses Restructuring and Asset Impairment	0.6%	0.4%	0.8%
Expenses Operating Expenses	14.9%	14.9%	15.0%
Other Income Expense Gross Profit	20.6%	—	—
Other Income Expense Operating Income	5.7%	7.1%	6.4%
Other Income Expense Interest Income	0.2%	0.1%	0.1%
Other Income Expense Interest Expense	0.8%	—	—
Other Income Expense Other Income/expense	-0.0%	0.1%	0.0%
Other Income Expense Income Before Tax	4.8%	6.1%	5.5%
Income Tax Income Tax Expense	0.3%	0.9%	-0.6%
net Income net Income	4.6%	5.2%	6.1%
net Income Comprehensive Income	4.5%	4.8%	5.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.7%	1.8%	1.8%
Earnings Per Share Weighted Average Shares Diluted	1.7%	1.8%	1.9%

Cash Flow Statement

Operating, investing, and financing flows

19 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	4.6%	5.2%	6.1%
Operating Activities Depreciation and Amortization	1.7%	1.5%	1.6%
Operating Activities Stock Based Compensation	0.9%	0.8%	0.8%
Operating Activities Deferred Income Taxes	-0.0%	-0.2%	-1.7%
Operating Activities Changes In Operating Assets and Liabilities	2.4%	2.0%	0.1%
Operating Activities net Cash From Operating Activities	6.7%	7.0%	6.6%
Investing Activities Capital Expenditures	1.6%	1.1%	1.1%
Investing Activities Business Acquisitions	0.2%	0.1%	0.0%
Investing Activities Purchases of Investments	0.1%	0.0%	0.0%
Investing Activities net Cash From Investing Activities	-2.1%	-1.2%	-1.1%
Financing Activities Proceeds From Debt	2.5%	0.7%	0.5%
Financing Activities Repayment of Debt	2.5%	0.4%	3.2%
Financing Activities Repurchase of Common Stock	1.5%	3.9%	0.2%
Financing Activities Dividends Paid	2.0%	2.0%	1.9%
Financing Activities net Cash From Financing Activities	-3.7%	-5.8%	-5.4%
Cash Reconciliation Effect of Exchange Rate On Cash	6.7%	—	—
Cash Reconciliation net Change In Cash	0.8%	0.0%	0.2%
Cash Reconciliation Cash At Beginning of Period	6.7%	6.0%	5.8%
Cash Reconciliation Cash At End of Period	6.7%	6.0%	5.8%

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%	-5.5%	-1.7%
Returns
ROE	-730.9%	-209.8%	-305.2%
ROA	+6.1%	+7.0%	+8.8%
ROIC	+54.0%	+50.0%	+63.0%
Liquidity
Current ratio	0.77x	0.72x	0.73x
Quick ratio	0.32x	0.29x	0.30x
Leverage
D/E	-84.56x	-31.17x	-35.62x
Interest coverage	7.38x	—	—
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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