HPHPQ

HPHPQ

Revenue: is the business selling more than it used to?

$55.3B+3% YoYFY 2025

→Revenue reached $55.3B in 2025, compounding -4% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $59.2B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Net income: how much of that revenue becomes profit?

$2.5B−9% YoYFY 2025

→Net income was $2.5B in 2025, compounding -7% a year over three years. Trailing twelve-month profit stands at $2.5B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

How fast is it growing, year by year?

+3.2%revenue growth, FY 2025

→Revenue grew +3% in 2025 against a five-year average of -0%. Earnings went the other way (-9%) even as sales grew, so margins compressed: costs rose faster than revenue. 2012's swing into loss (-279%) sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Revenue per share: is your slice growing as fast as the company?

$58.02revenue per share, FY 2025

→Revenue per share reached $58.02 in 2025, compounding -1% a year against -4% for HPQ as a whole. Buybacks added roughly 3.1 points to your per-share result. Free cash flow per share stands at $2.94.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Free cash flow: what is left in real cash after everything?

$2.8B−11% YoYFY 2025

→Free cash flow was $2.8B in 2025, compounding -9% a year since 2022. The trailing twelve months stand at $3.9B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Where does each dollar of revenue actually go?

→Of $55.3B in 2025 sales, $2.5B reaches net profit - 5 cents on the dollar. The largest single deduction is producing the product ($43.9B).

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

How much of every sales dollar ends up as free cash?

→5 cents of every sales dollar became free cash in 2025, and it has held steady since 2022 - its weakest conversion on record.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is research and development, at 3% of revenue (capital spending 2%, stock compensation 1%).

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

When sales grow, do profits grow faster?

→Operating profit outgrew revenue in only 2 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin has held near 6% since 2022. After everything, 5 cents of each sales dollar reaches net profit.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

What does it earn on the money it uses?

→Return on capital needs both a profit and an equity base; one of them isn't available here.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

What has the market paid for HPQ over time?

12.7xP/E today

→At 12.7x earnings, the market is paying +61% more than HPQ's own 10-year median of 7.9x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

What cash return does the business throw off per dollar of market value?

13.2%FCF yield today

→Every dollar of market value currently buys 13.2% of annual free cash flow, less than its 10-year median of 14.8% - you are paying up for the same cash.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Could it handle its debt if things went wrong?

→Debt of $9.2B sits against $4.2B of cash. Earnings cover the interest bill 8 times over, so the debt is comfortably serviced.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Is the company's own capital growing?

→Shareholders' equity is negative at $-92M: liabilities exceed assets. Usually the mark of heavy buybacks or accumulated losses, and always worth understanding which.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

How much goes back, and how much leaks out as stock comp?

→Shareholders received $850M in buybacks and $1.1B in dividends in 2025. Stock compensation issued $522M of new shares in the same year, offsetting 27% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

How fast is your ownership being diluted - or concentrated?

→The share count shrank 3.6% in 2025, averaging 3.2% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Is the dividend cheque growing?

→The dividend per share reached $1.14 in 2025, compounding +10% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Can it afford the dividend?

→The dividend consumed 43% of profit and 39% of free cash flow in 2025. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Does HPQ earn more on its capital than that capital costs?

→HPQ earns 25.9% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 41.1% in 2022, so the trend is down, though the path has been bumpy.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

HPQ has issued or retired shares - did shareholders end up better off?

→HPQ has shrunk its share count -55% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is -3% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31

HPHPQ

Are the people running it buying or selling?

→Insiders sold $5M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 22 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-07-31