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

HPQ stock analysis: HP Inc

HP Inc (HPQ) is an S&P 500 company in Technology Hardware, Storage & Peripherals. It grades strongest on value and weakest on profitability and growth.

The model's view of HPQ · subscribers

Where HPQ 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 HPQ · updated 2026-10-05 · from prices and SEC filings

HPQ price performance

HPQ against the S&P 500, one year
-25%+0%+25%HPQ +23%S&P 500 +18%2025-09-292026-10-05
Year to date+46.6%S&P 500 +14.5% · ahead by 32.1 pts
1 year+24.1%S&P 500 +17.0% · ahead by 7.0 pts
3 years+35.7%S&P 500 +89.3% · behind by 53.5 pts
5 years+34.3%S&P 500 +91.3% · behind by 57.0 pts

Total returns with dividends reinvested.

HPQ factor grades

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

A-ValueP/E 12.1x (industry 33.5x)FCF yield 13.7% (industry 3.3%)
D+GrowthRevenue growth +8% (industry +20%)EPS growth -5% (industry +78%)
D+ProfitabilityOperating margin 5.4% (industry 30.8%)ROIC 57.7% (industry 58.6%)
BMomentum12-month change +24%From 52-wk high -11%

HPQ in plain numbers

HPQ key statistics

SectorInformation Technology
IndustryTechnology Hardware, Storage & Peripherals
IndexS&P 500
Market value$28.4B
Revenue growth (y/y)+8%
Free-cash-flow yield13.7%
Dividend yield3.8%
Next earnings (expected)2026-11-24
Valuation measures
Market value$28.4B
Enterprise value$33.4B
P/E (trailing)12.1x
Forward P/E (Torvanta estimate)11.1x
PEG (Torvanta estimate)1.29
Price / sales0.5x
EV / revenue0.6x
EV / EBITDA8.0x
Financial highlights
Revenue, last 12 months$59.2B
Net income, last 12 months$2.5B
EPS, last 12 months (GAAP)$2.61
Gross margin19.9%
Operating margin5.4%
Net margin4.1%
Return on invested capital57.7%
Cash$4.2B
Total debt$9.2B
Free cash flow, last 12 months$3.9B
Interest cover8.2x
Current ratio0.79x

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

HPQ earnings trends

Revenue vs earnings
$0$3.9B$7.8B$11.8B$15.7BOct 2024 Revenue: $14.1BJan 2025 Revenue: $13.5BApr 2025 Revenue: $13.2BJul 2025 Revenue: $13.9BOct 2025 Revenue: $14.6BJan 2026 Revenue: $14.4BApr 2026 Revenue: $14.4BJul 2026 Revenue: $15.7BOct 2024 Net income: $906.0MJan 2025 Net income: $565.0MApr 2025 Net income: $406.0MJul 2025 Net income: $763.0MOct 2025 Net income: $795.0MJan 2026 Net income: $545.0MApr 2026 Net income: $450.0MJul 2026 Net income: $661.0MOct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Net margin: 6.4%Net margin: 4.2%Net margin: 3.1%Net margin: 5.5%Net margin: 5.4%Net margin: 3.8%Net margin: 3.1%Net margin: 4.2%0%3%6%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.5$0.7$0.9Oct 2024 EPS (GAAP, diluted): $0.9Jan 2025 EPS (GAAP, diluted): $0.6Apr 2025 EPS (GAAP, diluted): $0.4Jul 2025 EPS (GAAP, diluted): $0.8Oct 2025 EPS (GAAP, diluted): $0.8Jan 2026 EPS (GAAP, diluted): $0.6Apr 2026 EPS (GAAP, diluted): $0.5Jul 2026 EPS (GAAP, diluted): $0.7Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026■ EPS (GAAP, diluted) Change from a year earlier: Oct 2025 -11% · Jan 2026 -2% · Apr 2026 +17% · Jul 2026 -11%

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

HP Inc financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$63.5B$63.0B$53.8B$53.6B$55.3B
Net income$6.5B$3.2B$3.3B$2.8B$2.5B
EPS (GAAP)$5.33$3.05$3.29$2.81$2.64
Free cash flow$5.8B$3.7B$3.0B$3.2B$2.8B

HPQ earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-26$0.71-11%+13%-0.3%
2026-05-27$0.49+17%+9%+1.8%
2026-02-24$0.58-2%+7%-2.3%
2026-02-03$0.58-2%+7%+1.4%
2025-11-25$0.83-11%+4%-3.3%
2025-08-27$0.80+23%+3%+4.4%

About HP Inc

HeadquartersPalo Alto, CA
Industry (SEC code)Computer & Office Equipment
Fiscal year endsOctober 31
Incorporated inDE
Listed onNYSE
FormerlyHEWLETT PACKARD CO

From the company's SEC registration record.

Companies similar to HPQ

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

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Frequently asked questions

Is HPQ stock a buy?

Torvanta does not tell individuals what to buy. Its grades for HPQ 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 HPQ's P/E ratio?

HPQ trades at about 12.1 times its last 12 months of GAAP earnings reported to the SEC, and about 11.1 times Torvanta's own estimate of the next 12 months.

When does HPQ report earnings next?

Based on its filing history, Torvanta expects HP Inc to report around 2026-11-24.

Does HPQ pay a dividend?

Yes. Its dividend yield is about 3.8%, and it has raised its dividend 9 years in a row.

How has HPQ performed against the S&P 500?

Over the past year HPQ returned +24.1%, 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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