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HP Inc. provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktops and notebooks, workstations, thin clients, retail point-of-sale systems, displays, software, hybrid systems, and endpoint security and services, as well as lifecycle services, including support and deployment, configurations, and extended warranty services. The Printing segment provides consumer and commercial printer hardware, supplies, and solutions, as well as office and home printing solutions; and focuses on graphics, 3D printing, and personalization solutions for the commercial and industrial markets. The Corporate Investments segment is involved in the business incubation and investment projects. It serves small- and medium-sized businesses, public sector, and enterprises. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.
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 | $55.3B | $4.1B | $2.5B | $2.8B | -730.9% | 3.2% | -8.9% |
| 2024 | $53.6B | $4.7B | $2.8B | $3.2B | -209.8% | -0.3% | -15.0% |
| 2023 | $53.7B | $4.5B | $3.3B | $3.0B | -305.2% | -14.6% | 4.2% |
| 2022 | $62.9B | $5.5B | $3.1B | $3.7B | -103.5% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 62,910 | 53,718 | 53,559 | 55,295 |
| Cost Of Revenue | - | 50,647 | 42,210 | 41,741 | 43,903 |
| Gross Profit | - | 12,263 | 11,508 | 11,818 | 11,392 |
| Operating Expense | - | 7,146 | 7,285 | 7,616 | 7,768 |
| Operating Income | - | 5,117 | 4,223 | 4,202 | 3,624 |
| EBITDA | - | 5,463 | 4,471 | 4,716 | 4,139 |
| EBIT | - | 4,683 | 3,621 | 3,886 | 3,223 |
| Pretax Income | - | 4,324 | 2,937 | 3,279 | 2,668 |
| Tax Provision | - | 1,192 | -326 | 504 | 139 |
| Net Income | - | 3,132 | 3,263 | 2,775 | 2,529 |
| Net Income Common Stockholders | - | 3,132 | 3,263 | 2,775 | 2,529 |
| Total Expenses | - | 57,793 | 49,495 | 49,357 | 51,671 |
| Interest Expense | - | 359 | 684 | 607 | 555 |
| Research And Development | - | 1,653 | 1,578 | 1,640 | 1,602 |
| Selling General And Administration | - | 5,264 | 5,357 | 5,658 | 5,821 |
| Normalized EBITDA | - | 6,022 | 5,131 | 5,103 | 4,537 |
| Normalized Income | - | 3,536.72 | 3,784.40 | 3,102.40 | 2,906.30 |
| Market Cap | 18,166.92 | 18,166.92 | 18,166.92 | 18,166.92 | 18,166.92 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| HP Inc.this co. | HPQ | $18.7B | 7.18↓ discount | -52.51 | -730.9% | 6.13 |
| First Solar, Inc. | FSLR | $20.8B | 13.62 | 2.18 | 16.0% | 8.67 |
| Fortive Corporation | FTV | $20.3B | 32.47 | 2.91 | 9.0% | 18.73 |
| Leidos Holdings, Inc. | LDOS | $18.7B | 12.75 | 3.76 | 29.5% | 9.40 |
| Broadridge Financial Solutions, Inc. | BR | $18.2B | 21.57 | 6.82 |
| - |
| - |
| - |
| 31.6% |
| 13.80 |
| CDW Corporation | CDW | $17.8B | 16.37 | 6.70 | 40.9% | 11.60 |
| F5, Inc. | FFIV | $17.6B | 24.75 | 4.77 | 19.3% | 18.16 |
| Super Micro Computer, Inc. | SMCI | $17.2B | 16.65 | 2.77 | 16.6% | 12.84 |
| PTC Inc. | PTC | $16.3B | 22.24 | 4.27 | 19.2% | 15.46 |
| Peer Median | - | 19.11 | 4.01 | 19.2% | 13.32 | |