A Business at a Glance
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Hewlett Packard Enterprise Co
HPE
$70.3B
Mkt Cap
$47.69
+0.10%
Hewlett Packard Enterprise Co (HPE) has a 5-year average return on invested capital (ROIC) of 4.8%. This is below average and may indicate limited pricing power.
Hewlett Packard Enterprise Co (HPE) has a market capitalization of $63.1B. It is classified as a large-cap stock.
Yes, Hewlett Packard Enterprise Co (HPE) pays a dividend with a trailing twelve-month yield of 1.14%. The company also returns capital through share buybacks, with a buyback yield of 0.65%.
Hewlett Packard Enterprise Co (HPE) operates in the Computer & Office Equipment industry, within the Technology sector.
Hewlett Packard Enterprise Co (HPE) reported annual revenue of $34.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Hewlett Packard Enterprise Co (HPE) has a net profit margin of -0.2%. The company is currently unprofitable.
Hewlett Packard Enterprise Co (HPE) generated $627 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Hewlett Packard Enterprise is a global technology company that develops intelligent solutions enabling customers to capture, analyze, and act upon data from edge to cloud, serving small-and-medium-sized businesses, large global enterprises, and governmental entities. The company operates through five reportable segments—Server, Hybrid Cloud, Networking, Financial Services, and Corporate Investments and Other—organized around three strategic pillars: networking, cloud, and artificial intelligence. HPE's business model combines hardware, software, and services delivered through both traditional transactional sales and consumption-based models, including its HPE GreenLake cloud platform offering pay-per-use infrastructure and software-as-a-service capabilities. The company differentiates itself through a comprehensive portfolio spanning AI-native networking (enhanced by the Juniper Networks acquisition), hybrid multi-cloud solutions with proprietary storage innovations like Alletra MP, and turnkey AI infrastructure including supercomputing systems and HPE Private Cloud AI, complemented by financial services that enable flexible IT consumption and capital deployment. HPE's competitive advantages include its integrated platform spanning networking, data center, and cloud environments; global manufacturing and distribution capabilities; extensive channel partner ecosystem; and decades of supercomputing expertise, positioning it to serve enterprises pursuing AI-driven digital transformation and hybrid cloud adoption.
【AI infrastructure momentum accelerating】 Management expects strong demand durability to continue into fiscal 2027 and beyond, driven by sustained customer investments in agentic AI, AI inferencing, and data center modernization. The company anticipates elevated component pricing to persist well into 2027, which it plans to offset through disciplined pricing actions, higher average unit prices, and a strategic shift toward higher-margin proprietary intellectual property products. Operating leverage is expected to improve as the company scales, with Catalyst cost-reduction initiatives and Juniper synergies tracking ahead of schedule and contributing meaningfully to margin expansion. HPE is prioritizing profitable growth over volume, focusing on enterprise and sovereign customer segments, and expects to accelerate its transition to software and services-driven revenue streams through expanded HPE GreenLake adoption and subscription-based offerings.
| Metric | Target | Period |
|---|---|---|
| Non-GAAP Earnings Per Share | $3.35–$3.45 | FY2026 |
| Free Cash Flow | at least $3.5 billion | FY2026 |
| Networks for AI Orders | at least $2 billion | FY2026 |
| Consolidated Revenue Growth | 29%–33% on a reported basis or high teens on a normalized basis | FY2026 |
| Consolidated Operating Profit Growth | 80%–85% on a reported basis | FY2026 |
| Cloud and AI Revenue Growth | low 20% range | FY2026 |
| Networking Revenue Growth | 72%–75% on a reported basis or approaching 10% on a normalized basis | FY2026 |
| Consolidated Revenue Growth | 8%–12% | FY2027 |
| Operating Margin | 12%–16% | FY2027 |
| Networking Operating Margin | mid to high 20% range | FY2027 |
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 38.8B | 34.3B | 30.1B | 29.1B | 28.5B | 27.8B |
| Net Income | 1.4B | -59M | 2.6B | 2.0B | 868M | 3.4B |
| EPS | $1.09 | $-0.04 | $1.93 | $1.54 | $0.66 | $2.58 |
| Free Cash Flow | 4.0B | 627M | 2.0B | 1.6B | 1.5B | 3.4B |
| ROIC | 5.0% | -0.1% | 5.5% | 5.4% | 2.3% | 10.8% |
| Gross Margin | - | 33.9% | 42.0% | 44.4% | 37.6% | 40.1% |
| Debt/Equity | 0.81 | 1.22 | 1.06 | 0.97 | 1.03 | 0.93 |
| Dividends/Share | $0.54 | $0.52 | $0.52 | $0.48 | $0.48 | $0.48 |
| Operating Income | 1.5B | -437M | 2.2B | 2.1B | 782M | 1.1B |
| Operating Margin | 3.8% | -1.3% | 7.3% | 7.2% | 2.7% | 4.1% |
| ROE | 5.7% | -0.2% | 11.1% | 9.9% | 4.4% | 19.0% |
| Shares Outstanding | 1,323M | 1,475M | 1,323M | 1,315M | 1,315M | 1,328M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 55.1B | 31.1B | 30.3B | 28.9B | 30.9B | 29.1B | 27.0B | 27.8B | 28.5B | 29.1B | 30.1B | 34.3B | 38.8B |
| Gross Margin | 77.5% | 57.2% | 56.9% | 56.0% | 54.4% | 38.3% | 34.8% | 40.1% | 37.6% | 44.4% | 42.0% | 33.9% | N/A |
| R&D | 2.2B | 1.7B | 1.7B | 1.5B | 1.7B | 1.8B | 1.9B | 2.0B | 2.0B | 2.3B | 2.2B | 2.5B | 3.2B |
| SG&A | 8.7B | 5.1B | 5.4B | 5.0B | 4.9B | 4.9B | 4.6B | 4.9B | 4.9B | 5.2B | 4.9B | 5.7B | 6.7B |
| EBIT | 2.3B | 1.9B | 3.9B | 564M | 1.7B | 1.3B | -329M | 1.1B | 782M | 2.1B | 2.2B | -437M | 1.5B |
| Op. Margin | 4.2% | 6.3% | 12.9% | 2.0% | 5.6% | 4.4% | -1.2% | 4.1% | 2.7% | 7.2% | 7.3% | -1.3% | 3.8% |
| Net Income | 1.6B | 2.5B | 3.2B | 344M | 1.9B | 1.0B | -322M | 3.4B | 868M | 2.0B | 2.6B | -59M | 1.4B |
| Net Margin | 3.0% | 7.9% | 10.4% | 1.2% | 6.2% | 3.6% | -1.2% | 12.3% | 3.0% | 7.0% | 8.5% | -0.2% | 3.7% |
| Non-Recurring | 1.6B | 352M | 649M | 388M | 107M | 0 | 865M | 620M | 1.1B | 242M | 27M | 1.8B | 108M |
| Returns on Capital | |||||||||||||
| ROIC | 4.8% | 5.3% | 9.0% | 1.9% | 6.6% | 3.0% | -1.1% | 10.8% | 2.3% | 5.4% | 5.5% | -0.1% | 5.0% |
| ROE | 4.4% | 7.0% | 9.7% | 1.3% | 8.5% | 5.5% | -1.9% | 19.0% | 4.4% | 9.9% | 11.1% | -0.2% | 5.7% |
| ROA | 5.0% | 3.4% | 4.0% | 0.5% | 3.3% | 2.0% | -0.6% | 6.1% | 1.5% | 3.5% | 4.0% | -0.1% | 1.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 6.9B | 3.7B | 5.1B | 1.3B | 3.0B | 4.0B | 2.2B | 5.9B | 4.6B | 4.4B | 4.3B | 2.9B | 6.4B |
| Free Cash Flow | 3.3B | 317M | 1.8B | -1.8B | 8.0M | 1.1B | -143M | 3.4B | 1.5B | 1.6B | 2.0B | 627M | 4.0B |
| Owner Earnings | 2.3B | -851M | 723M | -2.1B | 102M | 1.2B | -659M | 2.9B | 1.7B | 1.4B | 1.3B | -461M | 2.2B |
| CapEx | 3.6B | 3.3B | 3.3B | 3.1B | 3.0B | 2.9B | 2.4B | 2.5B | 3.1B | 2.8B | 2.4B | 2.3B | 2.4B |
| Maint. CapEx | 4.1B | 3.9B | 3.8B | 3.1B | 2.6B | 2.5B | 2.6B | 2.6B | 2.5B | 2.6B | 2.6B | 2.7B | 3.3B |
| Growth CapEx | 0 | 0 | 0 | 86M | 380M | 321M | 0 | 0 | 642M | 212M | 0 | 0 | 0 |
| D&A | 4.1B | 3.9B | 3.8B | 3.1B | 2.6B | 2.5B | 2.6B | 2.6B | 2.5B | 2.6B | 2.6B | 2.7B | 3.3B |
| CapEx/OCF | N/A | 91.3% | 66.2% | 235.0% | 99.7% | 71.5% | 106.4% | 42.6% | 68.0% | 63.9% | 54.5% | 78.5% | 37.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 373M | 428M | 570M | 608M | 618M | 625M | 621M | 619M | 676M | 684M | 721M |
| Dividend Yield | N/A | N/A | 2.8% | 2.5% | 2.9% | 3.7% | 4.9% | 3.8% | 3.5% | 3.2% | 3.0% | 2.3% | 1.1% |
| Share Buybacks | 0 | 0 | 2.7B | 2.6B | 3.6B | 2.2B | 355M | 213M | 512M | 421M | 150M | 202M | 412M |
| Buyback Yield | N/A | N/A | 15.5% | 14.1% | 19.8% | 12.3% | 3.9% | 1.2% | 3.0% | 2.2% | 0.6% | 0.6% | 0.7% |
| Stock-Based Comp | 427M | 565M | 558M | 428M | 286M | 268M | 274M | 382M | 391M | 428M | 430M | 643M | 807M |
| Debt Repayment | 1.1B | 1.1B | 833M | 3.8B | 4.1B | 2.2B | 5.1B | 5.5B | 4.0B | 4.9B | 5.5B | 6.8B | 6.8B |
| Balance Sheet | |||||||||||||
| Net Debt | -1.9B | 5.5B | 2.4B | 4.5B | 7.1B | 13.3B | 16.9B | 14.5B | 16.1B | 16.2B | 11.4B | 24.4B | 15.0B |
| Cash & Equiv. | 2.3B | 9.8B | 13.0B | 9.6B | 4.9B | 3.8B | 4.2B | 4.0B | 4.2B | 4.3B | 14.8B | 5.8B | 5.5B |
| Long-Term Debt | 485M | 15.1B | 12.2B | 10.2B | 10.1B | 9.4B | 14.8B | 12.5B | 11.9B | 11.7B | 17.7B | 21.7B | 18.2B |
| Debt/Equity | 0.04 | 0.47 | 0.50 | 0.60 | 0.57 | 1.01 | 1.33 | 0.93 | 1.03 | 0.97 | 1.06 | 1.22 | 0.81 |
| Interest Coverage | 7.3 | 7.8 | 7.1 | 0.9 | 2.8 | 2.1 | -0.5 | 2.3 | 1.7 | 2.9 | 2.8 | -0.4 | -0.4 |
| Equity | 36.8B | 33.5B | 31.4B | 23.5B | 21.2B | 17.1B | 16.0B | 20.0B | 19.9B | 21.2B | 24.8B | 24.7B | 25.3B |
| Total Assets | 65.1B | 79.9B | 79.6B | 61.4B | 55.5B | 51.8B | 54.0B | 57.7B | 57.1B | 57.2B | 71.3B | 75.9B | 79.5B |
| Total Liabilities | 27.9B | 46.4B | 48.2B | 37.9B | 34.3B | 34.7B | 38.0B | 37.7B | 37.3B | 36.0B | 46.4B | 51.2B | 384M |
| Intangibles | 2.1B | 1.9B | 675M | 1.0B | 789M | 1.1B | 1.1B | 1.0B | 733M | 654M | 510M | 6.4B | 5.8B |
| Retained Earnings | 0 | 0 | 2.8B | -7.2B | -5.9B | -7.6B | -8.4B | -5.6B | -5.3B | -3.9B | -2.1B | -2.8B | -2.2B |
| Working Capital | 2.3B | 8.0B | 6.4B | 2.5B | 74M | -4.0B | -2.2B | -1.8B | -2.7B | -2.9B | 7.5B | 351M | 2.4B |
| Current Assets | 22.0B | 30.0B | 28.9B | 21.4B | 17.3B | 15.1B | 16.6B | 18.9B | 20.5B | 18.9B | 33.5B | 25.0B | 29.4B |
| Current Liabilities | 19.8B | 22.0B | 22.5B | 18.9B | 17.2B | 19.2B | 18.7B | 20.7B | 23.2B | 21.9B | 26.0B | 24.6B | 27.0B |
| Per Share Data | |||||||||||||
| EPS | 0.90 | 1.34 | 1.82 | 0.21 | 1.23 | 0.77 | -0.25 | 2.58 | 0.66 | 1.54 | 1.93 | -0.04 | 1.09 |
| Owner EPS | 1.28 | -0.46 | 0.42 | -1.31 | 0.07 | 0.88 | -0.51 | 2.18 | 1.31 | 1.05 | 1.02 | -0.31 | 1.69 |
| Book Value | 20.08 | 18.26 | 18.11 | 14.33 | 13.69 | 12.55 | 12.46 | 15.04 | 15.10 | 16.11 | 18.75 | 16.74 | 19.11 |
| Cash Flow/Share | 3.77 | 1.99 | 2.91 | 0.81 | 1.91 | 2.93 | 1.74 | 4.42 | 3.49 | 3.37 | 3.28 | 1.98 | 3.59 |
| Dividends/Share | 0.00 | 0.00 | 0.22 | 0.26 | 0.49 | 0.46 | 0.36 | 0.48 | 0.48 | 0.48 | 0.52 | 0.52 | 0.54 |
| Shares Out. | 1.8B | 1.8B | 1.7B | 1.6B | 1.6B | 1.4B | 1.3B | 1.3B | 1.3B | 1.3B | 1.3B | 1.5B | 1.3B |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 9.2 | 5.4 | 52.8 | 9.5 | 17.5 | N/A | 5.1 | 19.9 | 9.3 | 9.9 | N/A | 43.8 |
| P/FCF | N/A | 41.4 | 9.6 | N/A | N/A | 16.1 | N/A | 5.1 | 11.7 | 11.8 | 12.8 | 56.7 | 15.8 |
| EV/EBIT | N/A | 12.7 | 2.7 | 27.0 | 12.9 | 22.8 | N/A | 23.3 | 33.3 | 13.2 | 8.5 | N/A | 53.6 |
| Price/Book | N/A | 0.7 | 0.5 | 0.8 | 0.8 | 1.1 | 0.6 | 0.9 | 0.9 | 0.9 | 1.0 | 1.4 | 2.5 |
| Price/Sales | N/A | 0.4 | 0.4 | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.9 | 1.6 |
| FCF Yield | N/A | 1.4% | 10.4% | -9.9% | 0.0% | 6.2% | -1.6% | 19.4% | 8.5% | 8.5% | 7.8% | 1.8% | 6.3% |
| Market Cap | N/A | 22.6B | 17.1B | 18.2B | 18.0B | 18.3B | 9.2B | 17.3B | 17.3B | 18.8B | 25.3B | 35.6B | 63.1B |
| Avg. Price | N/A | 7.27 | 7.76 | 10.58 | 12.58 | 12.02 | 9.73 | 12.23 | 13.44 | 14.83 | 17.05 | 19.93 | 47.69 |
| Year-End Price | N/A | 7.15 | 9.87 | 11.09 | 11.63 | 13.46 | 7.15 | 13.04 | 13.13 | 14.31 | 19.09 | 24.11 | 47.69 |
Hewlett Packard Enterprise Co passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 101.5x vs a median of 11.8x. The company's 5-year average ROIC is 4.8% with a gross margin of 39.6%. Total shareholder yield (dividends + buybacks) is 1.8%. At current prices, the estimated annualized return to fair value is +16.5%.
Hewlett Packard Enterprise Co (HPE) has a debt-to-equity ratio of 1.22. This indicates moderate leverage.
Hewlett Packard Enterprise Co (HPE) reported earnings per share (EPS) of $-0.04 in its most recent fiscal year.
Hewlett Packard Enterprise Co (HPE) has a return on equity (ROE) of -0.2%. A negative ROE may indicate losses or negative equity.
Hewlett Packard Enterprise Co (HPE) has a 5-year average gross margin of 39.6%. This indicates decent pricing power.
The Ledger Terminal provides 13 years of financial data for Hewlett Packard Enterprise Co (HPE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Hewlett Packard Enterprise Co (HPE) has a book value per share of $16.74, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects strong demand durability to continue into fiscal 2027 and beyond, driven by sustained customer investments in agentic AI, AI inferencing, and data center modernization. The company anticipates elevated component pricing to persist well into 2027, which it plans to offset through disciplined pricing actions, higher average unit prices, and a strategic shift toward higher-margin proprietary intellectual property products. Operating leverage is expected to improve as the company scales, with Catalyst cost-reduction initiatives and Juniper synergies tracking ahead of schedule and contributing meaningfully to margin expansion. HPE is prioritizing profitable growth over volume, focusing on enterprise and sovereign customer segments, and expects to accelerate its transition to software and services-driven revenue streams through expanded HPE GreenLake adoption and subscription-based offerings.
Based on recent SEC filings and earnings calls, Hewlett Packard Enterprise Co (HPE) has provided the following forward guidance: Non-GAAP Earnings Per Share: $3.35–$3.45 (FY2026); Free Cash Flow: at least $3.5 billion (FY2026); Networks for AI Orders: at least $2 billion (FY2026); Consolidated Revenue Growth: 29%–33% on a reported basis or high teens on a normalized basis (FY2026); Consolidated Operating Profit Growth: 80%–85% on a reported basis (FY2026), plus 5 additional metrics.
Non-GAAP Earnings Per Share (FY2026): “For fiscal year 2026, we are raising our EPS outlook range to $3.35 to $3.45.”
Free Cash Flow (FY2026): “we now expect to deliver $3.40 in non-GAAP earnings per share at the midpoint and at least $3.5 billion in free cash flow in fiscal 2026”
Networks for AI Orders (FY2026): “we are raising our cumulative fiscal 2026 Networks for AI order target to at least $2 billion”
Consolidated Revenue Growth (FY2026): “We are raising our full-year consolidated revenue growth to 29%-33% on a reported basis or high teens on a normalized basis.”
Consolidated Operating Profit Growth (FY2026): “We are also raising our full-year consolidated operating profit growth outlook to 80%-85% on a reported basis.”
Cloud and AI Revenue Growth (FY2026): “we are raising our full-year Cloud and AI revenue growth to the low 20% range from our prior mid to high single-digit range”
Networking Revenue Growth (FY2026): “We are raising our full-year networking revenue growth to 72%-75% on a reported basis or approaching 10% on a normalized basis”
Consolidated Revenue Growth (FY2027): “we are providing an initial framework for fiscal 2027. We see sustained secular tailwinds driving consolidated revenue growth of 8%-12%”