Hewlett Packard Enterprise CoHewlett Packard Enterprise Co
Hewlett Packard Enterprise Co

Hewlett Packard Enterprise Co

HPE
Information Technology·Communications Equipment

Hewlett Packard Enterprise Co. is a global edge-to-cloud company, which engages in the provision of information technology, technology and enterprise products, solutions, and services. It operates through the following segments: Server, Hybrid Cloud, Intelligent Edge, Financial Services, and Corporate Investments and Other. The Server segment consists of general-purpose servers for multi-workload computing and workload-optimized servers to deliver the performance and value for demanding applications, and integrated systems comprised of software and hardware designed to address high-performance computing and supercomputing, artificial intelligence, data analytics, and transaction processing workloads for government and commercial customers globally. The Hybrid Cloud segment is involved in a variety of cloud-native and hybrid solutions across storage, private cloud, and the infrastructure software-as-a-service space. The Intelligent Edge segment offers wired and wireless local area networks, campus, branch, and data center switching, software-defined wide-area-networks, private and public cellular network software, network security, and associated services that enable secure connectivity for businesses of any size. The Financial Services segment provides investment solutions, such as leasing, financing, IT consumption, utility programs, and asset management services for customers that facilitate technology deployment models and the acquisition of complete IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others. The Corporate Investments and Other segment includes the Advisory and Professional Services business, which primarily offers consultative-led services, HPE and partner technology expertise and advice, implementation services, as well as complex solution engagement capabilities, the Communications and Media Solutions business, which primarily offers software and related services to the telecommunications industry, and Hewlett Packard Labs, which is responsible for research and development. The company was founded by William R. Hewlett and David Packard on July 2, 1939 and is headquartered in Spring, TX.

California; U.S.A
Market cap
No dataNo data
Revenue
$34.3B+13.8% YoY
Net income
$57M−97.8% YoY
Free cash flow
$627M−68.2% YoY

Market

Listed stock
Tokenized stocks
HPEPriceNYSE
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Financial performance

Revenue
$34.3B+13.8% YoY
Operating income
$-437M−120.0% YoY
Net income
$57M−97.8% YoY
Free cash flow
$627M−68.2% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $27.8B, 2022 $28.5B, 2023 $29.1B, 2024 $30.1B, 2025 $34.3B. Operating income: 2021 $1.1B, 2022 $782M, 2023 $2.1B, 2024 $2.2B, 2025 $-437M. Net income: 2021 $3.4B, 2022 $868M, 2023 $2B, 2024 $2.6B, 2025 $57M. Free cash flow: 2021 $3.4B, 2022 $1.5B, 2023 $1.6B, 2024 $2B, 2025 $627M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
13.8%+1043 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-10-31 $1.1B, 2022-10-31 $782M, 2023-10-31 $2.1B, 2024-10-31 $2.2B, 2025-10-31 $-437M. Net income: 2021-10-31 $3.4B, 2022-10-31 $868M, 2023-10-31 $2B, 2024-10-31 $2.6B, 2025-10-31 $57M. Free cash flow: 2021-10-31 $3.4B, 2022-10-31 $1.5B, 2023-10-31 $1.6B, 2024-10-31 $2B, 2025-10-31 $627M

Growth heatmap

2022202320242025CAGR
Revenue
+2.6%
+2.2%
+3.4%
+13.8%
+5.4%
Gross profit
+1.9%
+2.2%
+3.3%
+12.9%
+5.0%
Operating income
-30.9%
+167.1%
+4.8%
-120.0%
No data
Free cash flow
-56.3%
+8.8%
+23.4%
-68.2%
-34.3%

Earnings quality

Operating cash flow
$2.9B−32.8% YoY
Net income
$57M−97.8% YoY
Free cash flow
$627M−68.2% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-10-31 5121%, 2024-10-31 168%, 2023-10-31 219%, 2022-10-31 529%, 2021-10-31 171%. Free cash flow: 2025-10-31 1100%, 2024-10-31 77%, 2023-10-31 79%, 2022-10-31 169%, 2021-10-31 98%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
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FCF / share
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

No data

Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
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