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.
Rule-based from financial data. Not advice.
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 | |
Historically, May has averaged the highest return (+10.3%); Jan the lowest (-3.3%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.4%Negative MonthJan 2026: -10.41% | -0.2%Neutral MonthFeb 2026: -0.23% | +10.9%Positive MonthMar 2026: +10.90% | +20.8%Positive MonthApr 2026: +20.83% | +49.6%Positive MonthMay 2026: +49.60% | +4.8%Positive MonthJun 2026: +4.81% | +6.2%Positive MonthJul 2026: +6.18% | +10.9%*Positive MonthAug 2026: +10.92% | — | — | — | — |
| 2025 | -0.7%Neutral MonthJan 2025: -0.75% | -6.5%Negative MonthFeb 2025: -6.51% | -22.1%Negative MonthMar 2025: -22.11% | +5.1%Positive MonthApr 2025: +5.12% | +6.5%Positive MonthMay 2025: +6.54% | +18.3%Positive MonthJun 2025: +18.34% | +1.2%Neutral MonthJul 2025: +1.17% | +9.1%Positive MonthAug 2025: +9.09% | +8.8%Positive MonthSep 2025: +8.82% | -0.6%Neutral MonthOct 2025: -0.57% | -10.4%Negative MonthNov 2025: -10.44% | +9.8%Positive MonthDec 2025: +9.83% |
| 2024 | -10.0%Negative MonthJan 2024: -9.95% | -0.4%Neutral MonthFeb 2024: -0.39% | +16.4%Positive MonthMar 2024: +16.41% | -4.1%Negative MonthApr 2024: -4.12% | +3.8%Positive MonthMay 2024: +3.82% | +19.9%Positive MonthJun 2024: +19.94% | -6.0%Negative MonthJul 2024: -5.95% | -2.7%Negative MonthAug 2024: -2.71% | +5.6%Positive MonthSep 2024: +5.63% | -4.7%Negative MonthOct 2024: -4.74% | +8.9%Positive MonthNov 2024: +8.88% | +0.6%Neutral MonthDec 2024: +0.61% |
| 2023 | +1.1%Neutral MonthJan 2023: +1.07% | -3.2%Negative MonthFeb 2023: -3.22% | +2.0%Positive MonthMar 2023: +2.05% | -10.1%Negative MonthApr 2023: -10.11% | +0.7%Neutral MonthMay 2023: +0.70% | +16.5%Positive MonthJun 2023: +16.50% | +3.5%Positive MonthJul 2023: +3.45% | -2.2%Negative MonthAug 2023: -2.24% | +2.2%Positive MonthSep 2023: +2.24% | -11.5%Negative MonthOct 2023: -11.46% | +9.9%Positive MonthNov 2023: +9.95% | +0.4%Neutral MonthDec 2023: +0.41% |
| 2022 | +3.6%Positive MonthJan 2022: +3.55% | -2.5%Negative MonthFeb 2022: -2.51% | +5.0%Positive MonthMar 2022: +4.96% | -7.8%Negative MonthApr 2022: -7.78% | +1.2%Neutral MonthMay 2022: +1.23% | -15.0%Negative MonthJun 2022: -15.00% | +7.4%Positive MonthJul 2022: +7.39% | -4.5%Negative MonthAug 2022: -4.49% | -11.9%Negative MonthSep 2022: -11.91% | +19.1%Positive MonthOct 2022: +19.12% | +17.6%Positive MonthNov 2022: +17.59% | -4.9%Negative MonthDec 2022: -4.89% |
| 2021 | — | — | — | — | -0.4%Neutral MonthMay 2021: -0.37% | -8.6%Negative MonthJun 2021: -8.65% | -0.5%Neutral MonthJul 2021: -0.55% | +6.6%Positive MonthAug 2021: +6.62% | -7.8%Negative MonthSep 2021: -7.83% | +2.8%Positive MonthOct 2021: +2.81% | -2.0%Negative MonthNov 2021: -2.05% | +9.9%Positive MonthDec 2021: +9.90% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.