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Hewlett Packard Enterprise Company, together with its subsidiaries, develops intelligent solutions in the United States, the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and internationally. It operates in five segments: Server, Hybrid Cloud, Networking, Financial Services, and Corporate Investments and Other. The company offers general-purpose servers, workload-optimized servers, and integrated systems, including HPE ProLiant Rack and Tower servers; HPE Synergy; HPE Scale Up servers; HPE Edgeline servers; HPE Cray EX; HPE Cray XD; and HPE NonStop. It also provides cloud-native and hybrid solutions, such as HPE Alletra Storage; HPE InfoSight; HPE CloudPhysics; and HPE GreenLake. In addition, the company develops and sells networking and security products and services comprising hardware products, which include Wi-Fi and private cellular access points, MX and PTX routers, and gateways, as well as QFX, EX, and CX switches; software products, such as Mist and Aruba Central; and services comprising professional, maintenance, support services, management software, and education and training programs. Further, it offers investment solutions, including leasing, financing, IT consumption, utility programs, and asset management services, as well as supports financial solutions for on-premise flexible consumption models. The company serves commercial and large enterprise groups, as well as business and public sector enterprises. It sells its products through resellers, distribution partners, master area partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company was founded in 1939 and is headquartered in Spring, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $34.3B | $4.4B | $57M | $627M | 0.2% | 13.8% | -97.8% |
| 2024 | $30.1B | $5.1B | $2.6B | $2.0B | 10.4% | 3.4% | 27.4% |
| 2023 | $29.1B | $5.1B | $2.0B | $1.6B | 9.6% | 2.2% | 133.3% |
| 2022 | $28.5B | $4.7B | $868M | $1.5B | 4.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 28,496 | 29,135 | 30,127 | 34,296 |
| Operating Revenue | - | 28,496 | 29,135 | 30,127 | 34,296 |
| Cost Of Revenue | - | 18,990 | 18,896 | 20,249 | 23,919 |
| Gross Profit | - | 9,506 | 10,239 | 9,878 | 10,377 |
| Operating Expense | - | 7,279 | 7,797 | 7,384 | 8,733 |
| Research And Development | - | 2,045 | 2,349 | 2,246 | 2,518 |
| Selling General And Administration | - | 4,941 | 5,160 | 4,871 | 5,704 |
| Total Expenses | - | 26,269 | 26,693 | 27,633 | 32,652 |
| Operating Income | - | 2,227 | 2,442 | 2,494 | 1,644 |
| Total Operating Income As Reported | - | 782 | 2,089 | 2,190 | -437 |
| EBITDA | - | 4,707 | 5,058 | 5,058 | 4,381 |
| Normalized EBITDA | - | 6,152 | 5,411 | 4,629 | 6,214 |
| EBIT | - | 2,227 | 2,442 | 2,494 | 1,644 |
| Interest Expense | 211 | 121 | 104 | 117 | - |
| Net Interest Income | - | -121 | -104 | -117 | -175 |
| Other Non Operating Income Expenses | 135 | 67 | 52 | - | - |
| Other Income Expense | - | -1,230 | -108 | 576 | -1,754 |
| Interest Expense Non Operating | 211 | 121 | 104 | 117 | - |
| Net Non Operating Interest Income Expense | - | -121 | -104 | -117 | -175 |
| Pretax Income | - | 876 | 2,230 | 2,953 | -285 |
| Tax Provision | - | 8 | 205 | 374 | -342 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -13 | -32.48 | 54.48 | -384.93 |
| Net Income Continuous Operations | - | 868 | 2,025 | 2,579 | 57 |
| Net Income From Continuing And Discontinued Operation | - | 868 | 2,025 | 2,579 | 57 |
| Net Income From Continuing Operation Net Minority Interest | - | 868 | 2,025 | 2,579 | 57 |
| Net Income | - | 868 | 2,025 | 2,579 | 57 |
| Net Income Common Stockholders | - | 868 | 2,025 | 2,554 | -59 |
| Net Income Including Noncontrolling Interests | - | 868 | 2,025 | 2,579 | 57 |
| Normalized Income | - | 2,300 | 2,345.52 | 2,204.48 | 1,505.07 |
| Diluted NI Availto Com Stockholders | - | 868 | 2,025 | 2,554 | -59 |
| Basic Average Shares | - | 1,303 | 1,299 | 1,309 | 1,324 |
| Diluted Average Shares | - | 1,322 | 1,316 | 1,337 | 1,324 |
| Reconciled Depreciation | - | 2,480 | 2,616 | 2,564 | 2,737 |
| Reconciled Cost Of Revenue | - | 16,803 | 16,568 | 17,952 | 21,693 |
| Total Unusual Items | - | -1,445 | -353 | 429 | -1,833 |
| Total Unusual Items Excluding Goodwill | - | -1,445 | -353 | 429 | -1,833 |
| Preferred Stock Dividends | - | - | - | 25 | 116 |
| Special Income Charges | - | -1,445 | -353 | 429 | -1,833 |
| Gain On Sale Of Business | - | 0 | 0 | 733 | 248 |
| Other Special Charges | -2,335 | 48 | 1 | 7 | - |
| Impairment Of Capital Assets | - | 905 | 0 | 0 | 1,621 |
| Restructuring And Mergern Acquisition | - | 492 | 353 | 304 | 460 |
| Depreciation Amortization Depletion Income Statement | - | 293 | 288 | 267 | 511 |
| Depreciation And Amortization In Income Statement | - | 293 | 288 | 267 | 511 |
| Total Other Finance Cost | - | 121 | 104 | 117 | 175 |
| Earnings From Equity Interest | - | 215 | 245 | 147 | 79 |
| Amortization | - | 293 | 288 | 267 | 511 |
| Amortization Of Intangibles Income Statement | - | 293 | 288 | 267 | 511 |
| Other Taxes | -65 | 67 | -55 | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hewlett Packard Enterprise Companythis co. | HPE | $71.1B | 1247.31↑ premium | 2.88 | 0.2% | 20.41 |
| Coherent Corp. | COHR | $82.5B | 1672.07 | 14.62 | 0.9% | 95.98 |
| NXP Semiconductors N.V. | NXPI | $81.4B | 40.25 | 8.09 | 20.1% | 22.89 |
| Monolithic Power Systems, Inc. | MPWR | $81.2B | 130.64 | 22.99 | 17.6% | 102.56 |
| Ciena Corporation |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| CIEN |
| $75.8B |
| 614.93 |
| 27.79 |
| 4.5% |
| 196.65 |
| Lumentum Holdings Inc. | LITE | $73.5B | 2838.89 | 64.80 | 2.3% | 708.00 |
| Motorola Solutions, Inc. | MSI | $68.2B | 31.65 | 28.29 | 89.4% | 21.35 |
| TE Connectivity plc | TEL | $64.4B | 34.98 | 5.12 | 14.6% | 16.75 |
| Teradyne, Inc. | TER | $63.7B | 114.96 | 22.78 | 19.8% | 80.80 |
| Peer Median | - | 122.80 | 22.89 | 16.1% | 88.39 | |