Hewlett Packard Enterprise Co HPE
Hewlett Packard Enterprise is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud. We enable our customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future. Our customers range from small-and-medium-sized businesses to large global enterprises and governmental entities. Our legacy dates back to a partnership founded in 1939 by William R. Hewlett and David Packard, and we strive every day to uphold and enhance that legacy through our dedication to providing innovative technological solutions to our customers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.30B | $30.13B | $29.14B | $28.50B | $27.78B | $26.98B | $29.14B | $30.85B | $28.87B | $30.28B |
| Cost of revenue | — | — | — | — | — | — | — | $7.20B | $7.20B | $7.22B |
| Gross profit | — | — | — | — | — | — | — | $23.65B | $21.67B | $23.06B |
| R&D | $2.52B | $2.25B | $2.35B | $2.04B | $1.98B | $1.87B | $1.84B | $1.67B | $1.49B | $1.71B |
| SG&A | $5.70B | $4.87B | $5.16B | $4.94B | $4.93B | $4.62B | $4.91B | $4.92B | $5.01B | $5.38B |
| Total operating expenses | $34.73B | $27.94B | $27.05B | $27.71B | $26.65B | $27.31B | $27.86B | $29.11B | $28.31B | $26.38B |
| Operating income | -$437.0M | $2.19B | $2.09B | $782.0M | $1.13B | -$329.0M | $1.27B | $1.74B | $564.0M | $3.90B |
| Interest expense | $1.10B | $777.0M | $709.0M | $471.0M | $501.0M | $603.0M | $608.0M | $631.0M | $599.0M | $547.0M |
| Pre-tax income | -$285.0M | $2.95B | $2.23B | $876.0M | $3.59B | -$442.0M | $1.55B | $268.0M | $272.0M | $3.86B |
| Income tax | $342.0M | $374.0M | $205.0M | $8.0M | $160.0M | $120.0M | $504.0M | $1.74B | $164.0M | $623.0M |
| Net income | $57.0M | $2.58B | $2.02B | $868.0M | $3.43B | -$322.0M | $1.05B | $1.91B | $344.0M | $3.16B |
| EPS, basic | -0.04 | 1.95 | 1.56 | 0.67 | 2.62 | -0.25 | 0.78 | 1.25 | 0.21 | 1.84 |
| EPS, diluted | -0.04 | 1.93 | 1.54 | 0.66 | 2.58 | -0.25 | 0.77 | 1.23 | 0.21 | 1.82 |
| Shares, diluted (wtd. avg.) | $1.32B | $1.34B | $1.32B | $1.32B | $1.33B | $1.29B | $1.37B | $1.55B | $1.67B | $1.74B |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.77B | $14.85B | $4.58B | $4.76B | $4.33B | $4.62B | $4.08B | $5.08B | $9.59B | $13.44B |
| Receivables | $5.29B | $3.55B | $3.48B | $4.10B | $3.98B | $3.39B | $2.96B | $3.26B | $3.07B | $3.15B |
| Inventory | $6.35B | $7.81B | $4.61B | $5.16B | $4.51B | $2.67B | $2.39B | $2.45B | $2.31B | $1.72B |
| Total current assets | $24.99B | $33.46B | $18.95B | $20.51B | $18.88B | $16.56B | $15.14B | $17.27B | $21.44B | $28.92B |
| Property, plant and equipment | $6.00B | $5.66B | $5.99B | $5.78B | $5.61B | $5.62B | $6.05B | $6.14B | $6.27B | $6.38B |
| Goodwill | $23.77B | $18.09B | $17.99B | $17.40B | $18.31B | $18.02B | $18.31B | $17.54B | $17.52B | $16.09B |
| Other intangibles | $6.37B | $510.0M | $654.0M | $733.0M | $1.02B | $1.10B | $1.13B | $789.0M | $1.04B | $675.0M |
| Total assets | $75.91B | $71.26B | $57.15B | $57.12B | $57.70B | $54.02B | $51.80B | $55.49B | $61.41B | $79.63B |
| Accounts payable | $7.73B | $11.06B | $7.14B | $8.72B | $7.00B | $5.38B | $5.59B | $6.09B | $6.07B | $4.95B |
| Short-term debt | $3.80B | $3.97B | $4.02B | $3.88B | $2.61B | $2.77B | $3.44B | $2.00B | $3.85B | $3.52B |
| Total current liabilities | $24.64B | $25.97B | $21.88B | $23.17B | $20.69B | $18.74B | $19.16B | $17.20B | $18.92B | $22.53B |
| Long-term debt | $21.75B | $17.66B | $11.69B | $11.94B | $12.46B | $14.80B | — | — | — | — |
| Total liabilities | — | — | — | — | — | — | — | $14.28B | — | — |
| Retained earnings | -$2.81B | -$2.07B | -$3.95B | -$5.35B | -$5.60B | -$8.38B | -$7.63B | -$5.90B | -$7.24B | $2.78B |
| Total equity | $24.69B | $24.82B | $21.18B | $19.91B | $20.02B | $16.10B | $17.15B | $21.27B | $23.50B | $31.52B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.92B | $4.34B | $4.43B | $4.59B | $5.87B | $2.24B | $4.00B | $2.96B | $1.33B | $5.06B |
| Depreciation and amortisation | $2.74B | $2.56B | $2.62B | $2.48B | $2.60B | $2.62B | $2.54B | $2.58B | $3.05B | $3.77B |
| Stock-based compensation | $643.0M | $430.0M | $428.0M | $391.0M | $382.0M | $274.0M | $268.0M | $286.0M | $428.0M | $558.0M |
| Capital expenditure | $2.29B | $2.37B | $2.83B | $3.12B | $2.50B | $2.38B | $2.86B | $2.96B | $3.14B | $3.28B |
| Investing cash flow | -$13.19B | -$53.0M | -$3.28B | -$2.09B | -$2.80B | -$2.58B | -$3.46B | -$1.88B | -$5.35B | $419.0M |
| Financing cash flow | $1.05B | $6.28B | -$1.36B | -$1.80B | -$3.36B | $883.0M | -$1.55B | -$5.59B | $164.0M | -$2.33B |
| Dividends paid | $684.0M | $676.0M | $619.0M | $621.0M | $625.0M | $618.0M | $608.0M | $570.0M | $428.0M | $373.0M |
| Buybacks | $202.0M | $150.0M | $421.0M | $512.0M | $213.0M | $355.0M | $2.25B | $3.57B | $2.56B | $2.66B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001645590-25-000130.
Others in SIC 3570
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| IBM | INTERNATIONAL BUSINESS MACHINES CORP | $221.30B | 21.0x | 7.6% |
| HPQ | HP INC | $29.43B | 12.3x | 3.2% |