HP (HPQ) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NYSE•Technology•Computer Hardware

$34.66+1.96(0.06%)After hours

Market Cap

$30.05B

P/E

12.3x

P/S

0.5x

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.

How this company scores

WeakMetricSide Score: 55/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (7/25).

Profitability7/25

Growth15/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowCash-backed earningsConsistent growthImproving margins

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.3x5y range 5.3x – 14.1x

Currently above its 20-quarter median.

P/S · 0.5x5y range 0.3x – 0.7x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 7.0% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $30.05B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $59.16B
Q. Revenue: $15.68B
TTM EBITDA: $4.66B
TTM Op. Income: $3.22B
Q. Op. Income: $892.00M
TTM Net Income: $2.45B
Q. Net Income: $661.00M
EPS: $0.72
Shares Out.: $919.00M

$59.16B in TTM revenue grew 8.1% YoY, reaching $15.68B last quarter. TTM EBITDA of $4.66B and TTM operating income of $3.22B show growth is flowing through to the bottom line. TTM net income of $2.45B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 18.8%
EBITDA Margin: 7.2%
Op. Margin: 5.7%
Net Margin: 4.2%

Op. margin of 5.7% is up 0.6% YoY — cost efficiency is improving. Net margin at 4.2% and gross margin of 18.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 11% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.3x
P/S Ratio: 0.5x
P/B Ratio: N/A

At 12.3x P/E, the stock trades below typical market levels. P/S of 0.5x and P/B of 0.0x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $45.70B
Cash: $4.17B
Long-Term Debt: $7.87B
Book Value: $-92.00M
D/E Ratio: N/A
Debt/EBITDA: 6.9

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.74B
TTM Free Cash Flow: $3.88B
FCF Margin: 6.6%
FCF / Net Income: 1.6

TTM FCF of $3.88B on $1.74B in operating cash flow. The FCF / Net Income ratio of 1.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.