Monday 12 October 2026
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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%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to October
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 6.76 | 12.69 | 12.09 | 12.52 | 7.43 | 11.53 | 11.90 | 13.66 | 14.47 | 11.97 |
Analyst estimates 2026–2028 Powerpack |
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| High | 14.41 | 15.12 | 19.48 | 17.59 | 16.18 | 16.74 | 17.76 | 18.14 | 24.24 | 26.44 | |||||
| People | |||||||||||||||
| People | Employees | 195,000 | 66,000 | 60,000 | 61,600 | 59,400 | 60,400 | 60,200 | 62,000 | 61,000 | 67,000 | ||||
| Revenue/emp, $m | 0.16 | 0.44 | 0.51 | 0.47 | 0.45 | 0.46 | 0.47 | 0.47 | 0.49 | 0.51 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 30,280 | 28,871 | 30,852 | 29,135 | 26,982 | 27,784 | 28,496 | 29,135 | 30,127 | 34,296 | ||||
| Gross margin, % | 32.28 | 30.03 | 29.92 | 32.58 | 31.39 | 33.75 | 33.36 | 35.14 | 32.79 | 30.26 | |||||
| EBT | 3,860 | 272 | 268 | 1,553 | (442) | 3,587 | 876 | 2,230 | 2,953 | (285) | |||||
| EBT margin, % | 12.75 | 0.94 | 0.87 | 5.33 | (1.64) | 12.91 | 3.07 | 7.65 | 9.80 | (0.83) | |||||
| Net income | 3,161 | 344 | 1,908 | 1,049 | (322) | 3,427 | 868 | 2,025 | 2,579 | 57 | |||||
| Depreciation | 3,775 | 3,051 | 2,664 | 2,535 | 3,490 | 2,597 | 3,385 | 2,616 | 2,564 | 4,358 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 17.66 | 17.54 | 20.18 | 21.53 | 20.85 | 21.23 | 21.87 | 22.43 | 23.02 | 25.90 | ||||
| Earnings | 1.84 | 0.21 | 1.25 | 0.78 | (0.25) | 2.62 | 0.67 | 1.56 | 1.95 | (0.04) | |||||
| Cash flow | 2.95 | 0.81 | 1.94 | 2.95 | 1.73 | 4.49 | 3.52 | 3.41 | 3.32 | 2.20 | |||||
| Capex | (1.65) | (1.49) | (1.22) | (1.67) | (1.30) | (1.64) | (1.93) | (1.71) | (1.53) | (1.44) | |||||
| Free cash flow | 1.30 | (0.68) | 0.72 | 1.28 | 0.43 | 2.84 | 1.59 | 1.70 | 1.79 | 0.76 | |||||
| Book value | 18.38 | 14.28 | 13.91 | 12.67 | 12.44 | 15.29 | 15.28 | 16.35 | 19.01 | 18.70 | |||||
| Shares, m | 1,715 | 1,646 | 1,529 | 1,353 | 1,294 | 1,309 | 1,303 | 1,299 | 1,309 | 1,324 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 6.98 | 66.29 | 12.92 | 20.77 | 0.00 | 5.71 | 21.62 | 9.80 | 9.99 | 0.00 | ||||
| P/S | 0.74 | 0.79 | 0.76 | 0.76 | 0.43 | 0.70 | 0.65 | 0.69 | 0.85 | 0.94 | |||||
| P/B | 0.71 | 0.97 | 1.10 | 1.29 | 0.72 | 0.98 | 0.93 | 0.94 | 1.03 | 1.31 | |||||
| EV/Sales | 0.71 | 0.81 | 0.93 | 0.96 | 0.72 | 0.92 | 0.78 | 0.80 | 0.80 | 1.29 | |||||
| EV/FCF | 9.69 | (20.94) | 25.93 | 16.02 | 34.79 | 6.84 | 10.75 | 10.53 | 10.31 | 44.01 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 5,056 | 1,335 | 2,964 | 3,997 | 2,240 | 5,871 | 4,593 | 4,428 | 4,341 | 2,919 | ||||
| Capex | (2,830) | (2,458) | (1,862) | (2,259) | (1,680) | (2,148) | (2,520) | (2,226) | (1,997) | (1,912) | |||||
| Free cash flow | 2,226 | (1,123) | 1,102 | 1,738 | 560 | 3,723 | 2,073 | 2,202 | 2,344 | 1,007 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 6,388 | 2,520 | 74 | (4,016) | (2,182) | (1,809) | (2,668) | (2,934) | 7,484 | 351 | ||||
| Total debt | 12,168 | 10,182 | 10,136 | 9,395 | 12,186 | 9,896 | 7,853 | 7,487 | 13,504 | 17,756 | |||||
| Net debt | (819) | 603 | 5,256 | 5,642 | 7,953 | 5,900 | 3,690 | 3,217 | (1,342) | 11,983 | |||||
| Shareholders’ equity | 31,518 | 23,505 | 21,274 | 17,149 | 16,096 | 20,017 | 19,909 | 21,238 | 24,880 | 24,754 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.96 | 0.49 | 3.26 | 1.96 | (0.61) | 6.14 | 1.51 | 3.54 | 3.98 | (0.08) | ||||
| ROIC | 7.95 | 1.46 | 4.09 | 3.49 | (0.86) | 2.73 | 2.07 | 5.34 | 5.82 | (0.74) | |||||
| ROE | 9.66 | 1.25 | 8.52 | 5.46 | (1.94) | 18.98 | 4.35 | 9.84 | 11.08 | (0.24) | |||||
Negative figures in brackets.
Fiscal years to Oct 2025 · latest quarter Jul 2026
Charts ten years each
Hewlett Packard Enterprise Company vs peers in Communication Equipment (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CSCO Cisco Systems, Inc. | $453.0B | 35.3× | 32.5× | +17.58% (above 0%: growing) | +38.03% (above 0%: growing) | +24.37% (above 0%: growing) | 64.13% | 24.72% | Compare |
| LITE Lumentum Holdings Inc. | $95.0B | — (loss-making) | 54.3× | +109.34% (above 0%: growing) | n/m | +1,870.30% (above 0%: growing) | 47.43% | 27.76% | Compare |
| HPE Hewlett Packard Enterprise Company | $94.3B | 36.5× | 22.3× | +33.68% (above 0%: growing) | +438.10% (above 0%: growing) | +20.63% (above 0%: growing) | 40.11% | 11.41% | |
| MSI Motorola Solutions, Inc. | $74.0B | 34.6× | 30.9× | +13.31% (above 0%: growing) | +9.09% (above 0%: growing) | +84.00% (above 0%: growing) | 53.56% | 25.82% | Compare |
| CIEN Ciena Corporation | $60.4B | 97.4× | 94.0× | +37.05% (above 0%: growing) | +437.14% (above 0%: growing) | −13.59% (below 0%: shrinking) | 45.43% | 18.02% | Compare |
| NOK Nokia Corporation | $56.8B | 5.6× | — | +8.48% (above 0%: growing) | n/m | −624.57% (below 0%: shrinking) | 44.57% | (1.04%) | Compare |
| UI Ubiquiti Inc. | $38.9B | 41.4× | 30.7× | +23.47% (above 0%: growing) | +6.80% (above 0%: growing) | +134.17% (above 0%: growing) | 45.80% | 36.27% | Compare |
| ERIC Ericsson | $28.9B | 12.3× | — | −3.14% (below 0%: shrinking) | −7.14% (below 0%: shrinking) | −89.23% (below 0%: shrinking) | 45.78% | 11.24% | Compare |
| ASTS AST SpaceMobile, Inc. | $22.2B | — (loss-making) | — (loss-making) | +2,626.64% (above 0%: growing) | n/m | −103.37% (below 0%: shrinking) | 25.23% | (944.09%) | Compare |
| Median of peers | $58.6B | 35.0× | 32.5× | +20.53% | +9.09% | +5.39% | 45.79% | 21.37% |
HPE metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Hewlett Packard Enterprise Company (HPE) key facts
- Strength: Hewlett Packard Enterprise Company’s revenue for fiscal 2025 (year ended October 2025) was $34.3 billion, up 13.8% from fiscal 2024.
- Hewlett Packard Enterprise Company (HPE) is a Communication Equipment company in the Technology sector, listed on the New York Stock Exchange.
- As of October 12, 2026, HPE traded at $70.22, a market capitalization of $97.5 billion.
- Hewlett Packard Enterprise Company pays an annual dividend of $0.57 per share, a yield of 0.78%, with a payout ratio of 29.7%.
- Return on equity was −0.24% and debt-to-equity 0.65.
- Its Piotroski F-score is 2 out of 9 and its Altman Z-score is 0.77 (distress zone) for fiscal 2025.