Hewlett Packard Enterprise CompanyHPE
NYSE•Technology•Communication Equipment
Hewlett Packard Enterprise Company, together with its subsidiaries, develops intelligent solutions in the United States, the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and internationally. It operates in five segments: Server, Hybrid Cloud, Networking, Financial Services, and Corporate Investments and Other. The company offers general-purpose servers, workload-optimized servers, and integrated systems, including HPE ProLiant Rack and Tower servers; HPE Synergy; HPE Scale Up servers; HPE Edgeline servers; HPE Cray EX; HPE Cray XD; and HPE NonStop. It also provides cloud-native and hybrid solutions, such as HPE Alletra Storage; HPE InfoSight; HPE CloudPhysics; and HPE GreenLake. In addition, the company develops and sells networking and security products and services comprising hardware products, which include Wi-Fi and private cellular access points, MX and PTX routers, and gateways, as well as QFX, EX, and CX switches; software products, such as Mist and Aruba Central; and services comprising professional, maintenance, support services, management software, and education and training programs. Further, it offers investment solutions, including leasing, financing, IT consumption, utility programs, and asset management services, as well as supports financial solutions for on-premise flexible consumption models. The company serves commercial and large enterprise groups, as well as business and public sector enterprises. It sells its products through resellers, distribution partners, master area partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company was founded in 1939 and is headquartered in Spring, Texas.
Hewlett Packard Enterprise Comp (HPE) reported trailing twelve months revenue of $38.79B as of April 2026, a 22.6% increase year-over-year. Quarterly revenue reached $10.68B, reflecting continued top-line momentum.
Hewlett Packard Enterprise Comp generated $1.56B in TTM net income, with quarterly EBITDA of $1.62B. The operating margin expanded from -14.5% to 7.0%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (7.0%) and net margin (5.8%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -13.8% a year ago, signaling stronger bottom-line efficiency.
HPE trades at a P/E of 24.3x (in line with broad market averages) and a P/S of 1.0x. The price-to-book ratio of 1.5x reflects a moderate premium to book value.
The company generated $827.00M in free cash flow over the trailing twelve months, a 182.0% increase year-over-year, indicating cash generation ability. The balance sheet shows $79.51B in total assets with $18.24B in long-term debt against $25.29B in stockholders equity for a debt-to-equity ratio of 0.7. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 2.6%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~33.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF covers net income by 2.2x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 39.0% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation