HP Inc.
HPQ Technology Computer Hardware
HP Inc.’s revenue for fiscal 2025 (year ended October 2025) was $55.3 billion, up 3.24% from fiscal 2024. In the quarter to July 2026, revenue grew 12.5%, EPS fell 11.1%, free cash flow grew 7.05% and total debt fell 10.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.
Follow HPQ
HP Inc. (HPQ) Free cash flow margin
HP Inc.'s free cash flow margin over the twelve months to 31 July 2026 was 6.56%, up 1.5 percentage points from fiscal 2025 (5.06%). Over the past ten years it has ranged from 5.06% (fiscal 2025) to 9.18% (fiscal 2021) — the current reading is the lowest in ten years. That is above the Computer Hardware industry median of −0.50% and above the Technology sector median of 1.72%.
Free cash flow margin, annual
Embed this chart
Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 5.06% | (0.83) |
| FY2024 | 5.89% | 0.35 |
| FY2023 | 5.54% | (0.34) |
| FY2022 | 5.88% | (3.30) |
| FY2021 | 9.18% | 2.58 |
| FY2020 | 6.60% | (0.18) |
| FY2019 | 6.78% | (0.32) |
| FY2018 | 7.10% | 0.68 |
| FY2017 | 6.42% | 0.56 |
| FY2016 | 5.86% | (1.62) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| WDC Western Digital Corporation compare | 27.2% |
| STX Seagate Technology Holdings PLC compare | 25.5% |
| LOGI Logitech International S.A. compare | 20.7% |
| HPQ HP Inc. | 6.56% |
| P Everpure, Inc. compare | 3.01% |
| SMCI Super Micro Computer, Inc. compare | −17.8% |
| IONQ IonQ, Inc. compare | −196.3% |
| RGTI Rigetti Computing, Inc. compare | −655.9% |
| QBTS D-Wave Quantum Inc. compare | −963.8% |
| Computer Hardware industry median | −0.50% |
| Technology sector median | 1.72% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on HPQ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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
- The full statement