TORVANTA
Information Technology · S&P 500 · data as of 2026-10-05

HPE stock analysis: Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an S&P 500 company in Technology Hardware, Storage & Peripherals. It grades strongest on momentum and growth and weakest on profitability.

The model's view of HPE · subscribers

Where HPE ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with HPE · updated 2026-10-05 · from prices and SEC filings

HPE price performance

HPE against the S&P 500, one year
+0%+100%+200%HPE +188%S&P 500 +18%2025-09-292026-10-05
Year to date+187.8%S&P 500 +14.5% · ahead by 173.3 pts
1 year+184.6%S&P 500 +17.0% · ahead by 167.6 pts
3 years+337.4%S&P 500 +89.3% · ahead by 248.1 pts
5 years+420.0%S&P 500 +91.3% · ahead by 328.7 pts

Total returns with dividends reinvested.

HPE factor grades

Each grade compares HPE with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

BValueP/E 35.4x (industry 33.5x)FCF yield 4.6% (industry 3.3%)
A-GrowthRevenue growth +27% (industry +20%)EPS growth +130% (industry +78%)
DProfitabilityOperating margin 6.2% (industry 30.8%)ROIC 6.4% (industry 58.6%)
AMomentum12-month change +185%From 52-wk high -1%

HPE in plain numbers

HPE key statistics

SectorInformation Technology
IndustryTechnology Hardware, Storage & Peripherals
IndexS&P 500
Market value$90.7B
Revenue growth (y/y)+27%
Free-cash-flow yield4.6%
Dividend yield0.8%
Next earnings (expected)2026-12-03
Valuation measures
Market value$90.7B
Enterprise value$104.8B
P/E (trailing)35.4x
Forward P/E (Torvanta estimate)25.0x
PEG (Torvanta estimate)0.60
Price / sales2.2x
Price / book3.4x
EV / revenue2.5x
EV / EBITDA17.2x
Financial highlights
Revenue, last 12 months$41.9B
Net income, last 12 months$2.8B
EPS, last 12 months (GAAP)$1.93
Operating margin6.2%
Net margin6.7%
Return on equity11.0%
Return on invested capital6.4%
Cash$6.2B
Total debt$20.2B
Debt / equity0.76x
Free cash flow, last 12 months$4.2B
Current ratio1.11x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

HPE earnings trends

Revenue vs earnings
-$1.1B$2.3B$5.6B$8.9B$12.2BOct 2024 Revenue: $8.5BJan 2025 Revenue: $7.9BApr 2025 Revenue: $7.6BJul 2025 Revenue: $9.1BOct 2025 Revenue: $9.7BJan 2026 Revenue: $9.3BApr 2026 Revenue: $10.7BJul 2026 Revenue: $12.2BOct 2024 Net income: $1.4BJan 2025 Net income: $627.0MApr 2025 Net income: -$1.1BJul 2025 Net income: $305.0MOct 2025 Net income: $175.0MJan 2026 Net income: $452.0MApr 2026 Net income: $624.0MJul 2026 Net income: $1.5BOct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Net margin: 16.2%Net margin: 8.0%Net margin: -13.8%Net margin: 3.3%Net margin: 1.8%Net margin: 4.9%Net margin: 5.8%Net margin: 12.6%-14%1%16%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.8$-0.4$0.1$0.6$1.1Oct 2024 EPS (GAAP, diluted): $1.0Jan 2025 EPS (GAAP, diluted): $0.4Apr 2025 EPS (GAAP, diluted): $-0.8Jul 2025 EPS (GAAP, diluted): $0.2Oct 2025 EPS (GAAP, diluted): $0.1Jan 2026 EPS (GAAP, diluted): $0.3Apr 2026 EPS (GAAP, diluted): $0.4Jul 2026 EPS (GAAP, diluted): $1.1Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026■ EPS (GAAP, diluted) Change from a year earlier: Oct 2025 -88% · Jan 2026 -30% · Jul 2026 +405%

From the company's 10-Q and 10-K filings with the SEC.

Hewlett Packard Enterprise financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$27.8B$28.5B$29.1B$30.1B$34.3B
Net income$3.4B$868.0M$2.0B$2.6B$57.0M
EPS (GAAP)$2.57$0.67$1.54$1.92$-0.05
Free cash flow$3.4B$1.5B$1.6B$2.0B$627.0M

HPE earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-09-02$1.06+405%+34%+5.5%
2026-06-01$0.44n/a+40%+30.0%
2026-03-09$0.31-30%+18%-0.9%
2025-12-04$0.12-88%+14%+4.5%
2025-10-15$0.21-45%+18%-9.8%
2025-09-03$0.21-45%+18%+0.7%

About Hewlett Packard Enterprise

HeadquartersSpring, TX
Industry (SEC code)Computer & Office Equipment
Fiscal year endsOctober 31
Incorporated inDE
Listed onNYSE, NYSE

From the company's SEC registration record.

Companies similar to HPE

CompanyMarket valueP/ERevenue growthOperating margin12-month change
HPE Hewlett Packard Enterprise$90.7B35.4x+27%6.2%+185%
WDC Western Digital$159.2B18.2x-3%34.5%+237%compare
P Everpure$47.9B197.1x+27%5.3%+66%compare
NTAP NetApp$44.0B31.6x-1%28.5%+91%compare
STX Seagate$201.1B63.8x+34%33.6%+253%
SNDK Sandisk$249.5B23.3x+175%61.2%+1227%
HPQ HP Inc$28.4B12.1x+8%5.4%+24%

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Frequently asked questions

Is HPE stock a buy?

Torvanta does not tell individuals what to buy. Its grades for HPE are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is HPE's P/E ratio?

HPE trades at about 35.4 times its last 12 months of GAAP earnings reported to the SEC, and about 25.0 times Torvanta's own estimate of the next 12 months.

When does HPE report earnings next?

Based on its filing history, Torvanta expects Hewlett Packard Enterprise to report around 2026-12-03.

Does HPE pay a dividend?

Yes. Its dividend yield is about 0.8%, and it has raised its dividend 3 years in a row.

How has HPE performed against the S&P 500?

Over the past year HPE returned +184.6%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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