Fundamental analysis · SEC EDGAR · TTM through 30/04/2026

Fundamental analysis of HP Inc

HPQ · NYSE · Technology

Fundamental quality

DEMANDING

51

out of 100

HP Inc earns a fundamental-quality score of 51 out of 100, profiling it as a company with demanding fundamentals. Its score rests mainly on its financial strength (net debt 1.49× EBITDA). Its weakest area is its profitability (net margin 4.4%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

HP Inc. sells personal computers and printers: two mature businesses that generate cash and hand it back via dividends and buybacks. Printing (ink and toner) is the margin jewel; PCs bring the volume.

What will shape its future

  • The PC refresh cycle (with AI as the excuse for the next corporate wave).
  • Printing's structural decline, managed to squeeze margin.
  • Shareholder-return discipline, the heart of the thesis in a no-growth business.

Breakdown by area

I.Growth
38

EPS growth: 5.8% · Revenue growth: 0.2%

II.Profitability
38

Net margin: 4.4% · ROIC: 50.7%

III.Financial health
72

Net debt/EBITDA: 1.49x · FCF: 6.6%

Source: SEC EDGAR · TTM through 30/04/2026

The score includes +2 for dividend strength: 9 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 27%
Growthbeats 7%
Cash generationbeats 14%
Less debtbeats 35%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

HP Inc strengths

  • Positive free cash flow year after year, a self-funding business.

HP Inc risks and weaknesses

  • Its net debt has grown over the period.
  • Thin margins (net margin of 4.4%), little cushion for setbacks.
  • Weak revenue growth (0.2% annualized).

HP Inc historical evolution

YearRevenueNet incomeFree cash flowNet debt
202056,6382,8153,7361,336
202163,4606,5415,8273,201
202262,9103,1323,6987,855
202353,7183,2632,9786,393
202453,5592,7753,1576,462
202555,2952,5292,8006,010

Between 2020 and 2025, revenue went from $56,638M to $55,295M (-2%) and net income went from $2,815M to $2,529M (-10%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended April 30, 2026, versus the half-year ended April 30, 2025 (SEC filings):

  • Revenue+7.9%
  • Net income+2.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$1.16

per share, yearly

43% of earnings

Payout

9 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is HP Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is HP Inc a good company to invest in?

In terms of business quality, HP Inc scores 51 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is HP Inc a profitable company?

HP Inc is profitable, with a net margin of 4.4%, though a thin one.

Does HP Inc have a lot of debt?

Not particularly. Its net debt is 1.49 times its EBITDA, a low level.

Is HP Inc growing?

Its revenue has grown 0.2% annualized in recent years and its earnings per share 5.8%.

Does HP Inc generate cash?

Yes. It converts about 6.6% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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