HP Inc.HPQ
NYSE•Technology•Computer Hardware
HP Inc. provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktops and notebooks, workstations, thin clients, retail point-of-sale systems, displays, software, hybrid systems, and endpoint security and services, as well as lifecycle services, including support and deployment, configurations, and extended warranty services. The Printing segment provides consumer and commercial printer hardware, supplies, and solutions, as well as office and home printing solutions; and focuses on graphics, 3D printing, and personalization solutions for the commercial and industrial markets. The Corporate Investments segment is involved in the business incubation and investment projects. It serves small- and medium-sized businesses, public sector, and enterprises. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.
HP Inc. (HPQ) reported trailing twelve months revenue of $57.42B as of April 2026, a 5.7% increase year-over-year. Quarterly revenue reached $14.41B, reflecting continued top-line momentum.
HP Inc. generated $2.55B in TTM net income, with quarterly EBITDA of $876.00M. The operating margin contracted from 4.9% to 4.2%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (4.2%) and net margin (3.1%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 3.1% a year ago, signaling stronger bottom-line efficiency.
HPQ trades at a P/E of 9.1x (below the broader market average) and a P/S of 0.4x.
The company generated $756.00M in free cash flow over the trailing twelve months, a 621.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $42.94B in total assets with $8.86B in long-term debt against $-144.00M in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~5.8% on average, but show some variability — pricing power may be sensitive to market conditions.
Limited ROE data for a reliable assessment.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~7.8% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 15.9% — watch for continued compression, which may signal competitive or cost pressure.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 5.8% — net buybacks are reducing shares outstanding and boosting per-share value.