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Hewlett Packard Enterprise Company

HPE Technology Communication Equipment

Hewlett Packard Enterprise Company’s revenue for fiscal 2025 (year ended October 2025) was $34.3 billion, up 13.8% from fiscal 2024. In the quarter to July 2026, revenue grew 33.7%, EPS grew 438.1%, free cash flow grew 20.6% and total debt rose 2.90%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five.

70.01 3.45 −4.70%
Market cap
$97.5B
P/E
36.5×
Fwd P/E
22.3×
Dividend yield
0.78%
F-score
2/9
Altman Z
0.77
Beneish M
−2.33
Dividend safety
36/100

Hewlett Packard Enterprise Company (HPE) Piotroski F-score

Alert me on Piotroski F-score

Hewlett Packard Enterprise Company's Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 5 in fiscal 2024.

Piotroski F-score, annual

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Annual newest first

Period Piotroski F-score Change (points)
FY2025 2 (3.00)
FY2024 5 (3.00)
FY2023 8 3.00
FY2022 5 (2.00)
FY2021 7 3.00
FY2020 4 (2.00)
FY2019 6 0.00
FY2018 6 0.00
FY2017 6 0.00
FY2016 6 —

How fiscal 2025’s score is made up

Test This year Year before Result Points
Positive return on assets (0.08%) 3.98% Fail 0
Positive operating cash flow 2.92b 4.34b Pass 1
Rising return on assets (0.08%) 3.98% Fail 0
Cash flow above net income 2.98b 1.79b Pass 1
Falling long-term leverage 0.24 0.21 Fail 0
Rising current ratio 1.01 1.29 Fail 0
No new shares issued 1,324,000,000 1,309,000,000 Fail 0
Rising gross margin 30.26% 32.79% Fail 0
Rising asset turnover 0.47 0.47 Fail 0
Piotroski F-score Weak — most fundamentals deteriorated 2

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

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