HPE HPE
Public, NYSE, reports in USD. Founded 1939.
Theme: Software.
Networking devices and ops software.
2025-08-01 — Mature
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 34.3bn USD | 16.4 % | 30.3 % | 7.3 % | 1.6bn USD | 4.8 % | 57m USD | -0.04 | 21.2 | |
| 2024 | 29.5bn USD | 3.0 % | 32.9 % | 7.6 % | 2.5bn USD | 8.5 % | 2.6bn USD | 1.93 | 11.5 | |
| 2023 | 28.6bn USD | 2.1 % | 33.9 % | 8.2 % | 2.1bn USD | 7.3 % | 2.0bn USD | 1.54 | 9.4 | |
| 2022 | 28.0bn USD | – | 32.2 % | 7.3 % | 2.2bn USD | 7.9 % | 868m USD | 0.66 | – | |
| 2026-Q3 | 12.2bn USD | 33.7 % | 40.1 % | 9.5 % | 1.5bn USD | 12.0 % | 1.5bn USD | 1.06 | 45.7 | |
| 2026-Q2 | 10.7bn USD | – | 36.5 % | 8.6 % | 825m USD | 7.7 % | 624m USD | 0.44 | – | |
| 2026-Q1 | 9.3bn USD | – | 35.9 % | 8.0 % | 587m USD | 6.3 % | 452m USD | 0.31 | – | |
| 2025-Q4 | 9.7bn USD | – | 33.5 % | 9.1 % | 408m USD | 4.2 % | 175m USD | 0.11 | – | |
| 2025-Q3 | 9.1bn USD | – | 29.2 % | 6.8 % | 428m USD | 4.7 % | 305m USD | 0.21 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q3: yfinance
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
Latest quarter 2026-Q3, ended 2026-07-31, vs 2025-Q3
| 2026-Q3 | 2025-Q3 | change | |
|---|---|---|---|
| Revenue | 12.2bn USD | 9.1bn USD | +3.1bn (+34 %) |
| Op. margin | 12.0 % | 4.7 % | +7.3 pts |
| FCF | 896m USD | 729m USD | +167m (+23 %) |
| Op. income | 1.5bn USD | ||
| Net income | 1.5bn USD | ||
| EPS (diluted) | 1.06 | 404.8 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.9bn USD | 2.3bn USD | 627m USD | 1.8 % | 5121.1 % | – | – | 3.0bn USD | -9.2bn USD |
| 2024 | 4.3bn USD | 2.4bn USD | 2.0bn USD | 6.7 % | 168.3 % | 2.2bn USD | 1.7bn USD | 7.7bn USD | 10.6bn USD |
| 2023 | 4.4bn USD | 2.8bn USD | 1.6bn USD | 5.6 % | 218.7 % | 1.9bn USD | 653m USD | 1.4bn USD | -218m USD |
| 2022 | 4.6bn USD | 3.1bn USD | 1.5bn USD | 5.3 % | 529.1 % | 2.2bn USD | 995m USD | 875m USD | 710m USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 56.14 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 74.5bn USD | 2026-09-15 | |
| 52w high | 64.25 USD | 2026-09-15 | |
| 52w low | 19.84 USD | 2026-09-15 | |
| Off 52w high % | -12.6 % | ||
| P/S | 2.2 | ||
| Lifetime CAGR | 4.1 % |
Notes
- 2025-08-01 opinion Mature