Hewlett Packard Enterprise Company

Communication Equipment

HPEStrained9 of 11 basics passed

$73.70

+3.80%

Market cap $97.8B

$73.70

+3.80%

Market cap $97.8B

Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business.

It is a $97.8B technology company. Revenue grew 26.6% over the last year, it keeps 7¢ of every dollar of sales as profit, and its net debt equals ~4.0 years of free cash flow. It trades at 34.9× earnings — near the highest of its own history.

Website: hpe.com
Location: Spring, TX
Employees: 67 000
Sector: Technology
Founded: 2015

Share price · 3 years

$16.93 → $73.70+335.3%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $41.9B
Profit: keeps 7¢ of every $1 sold; $2.79B
Free cash flow: cash left after running the business; $4.16B
Net debt: debt minus cash on hand; $16.6B
P/E: years of profit in the price; 34.9
EPS: earnings per share, TTM; $2.11
Dividend: pays out 31% of profit · 21% of FCF; 0.88%
Shares: down 24% since 2016 — buybacks; 1.32B
Volatility: beta vs the market — under 1 swings less; 1.45

Revenue, last 10 years

52-week range

Low $20.00$73.70High $73.70

Today's price is 100% of the way from the year's low to its high.

P/E vs its history5y

36.1×median 17.5×

Higher than 96% of past days — near the highest of its own history.

Valuation vs own history

P/E

36.1×

P/S

2.3×

EV/EBITDA

33.0×

30%

P/B

3.7×

FCF yield

4.3%

25%

Share of the last ~5 years that was pricier than today (unusually expensive vs its own history). Based on the daily valuation record.

Insider activity · 90 days

-$36.4Mnet selling

Purchases$0

Sales$36.4M

Insiders trading, last 14d0 buy · 2 sell

Standing in Technology

Size$97.8Btop 20%
Revenue growth+6%top 64%
Net margin7%top 71%
Return on equity11%top 63%
P/E34.9×top 48%
Dividend yield0.88%top 51%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong quality; Valuation, Growth, Profitability, Health and Moat lag behind.

Valuation37

P/E vs own history96th pct · 0/25
FCF yield4.2% · 12/25
P/S2.3x · 20/25
EV/EBITDA26.5x · 5/25

Growth37

Revenue CAGR5.4% · 12/25
Net income CAGR-64.1% · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth155.5% · 25/25

Profitability35

ROIC0.1% · 5/25
ROE11.0% · 12/25
Net margin6.7% · 13/25
Operating margin7.0% · 5/25

Health24

Altman Zn/a · 0/25
Current ratio1.11 · 12/25
Interest coverage-1.0x · 0/25
Net cash / debtD/A 22% · 12/25

Quality90

Piotroski F5/9 · 15/25
Beneish M-2.78 · 25/25
FCF conversion149% · 25/25
Margin stabilityσ 3.2% · 25/25

Moat36

ROIC >12% years0/10 yrs · 0/25
Median gross margin34.5% · 13/25
FCF-positive years8/10 yrs · 18/25
Worst-year net marginworst -1.2% · 5/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

2026Acquisition
HPE worked with a conservative fixer to have anti-trust regulators in the US Department of Justice fired…
2025Acquisition
The US Department of Justice Antitrust Division filed an antitrust lawsuit against HPE to block its…
Jun 19, 2024Acquisition
The Competition and Markets Authority announced that it had initiated a merger inquiry to assess…
FY2021Financial
Positive free cash flow every year since
5-year streak
FY2021Financial
Best year on record
$3.43B net income
2019Acquisition
Hewlett Packard Enterprise announced plans to acquire Cray Inc for per share
2018Product
Hewlett Packard Enterprise launched a hybrid cloud service called GreenLake Hybrid Cloud, built on top…
2017Acquisition
Hewlett Packard Enterprise completed its acquisition of hybrid flash and all flash manufacturer,…
2017Milestone
HPE spun off its Enterprise Services business and merged it with Computer Sciences Corporation to become…
FY2016Financial
First recorded profitable year
$3.16B net income
FY2016Financial
Revenue already above $50B
$50.1B in first reported year
2016Acquisition
The company announced plans to acquire Silicon Graphics International (SGI), known for its…
Nov 1, 2015Founded
HPE was founded on November 1, 2015, in Palo Alto, California
2010Acquisition
These two patents were originated at 3Com Corporation, which was bought by HP in 2010, along with about 1,400 patents

Achievements

Verifiable track record, straight from the reported numbers.

#45 largest of 220 Technology companies by market cap

$10 000 invested in 2021 would be worth ~$51 538 today — price return only

$34.3B revenue in FY2025

Revenue up 26.6% year over year

Profitable 5 years in a row

Positive free cash flow 5 years in a row

67 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 26.6% year over year

Watch-outs

Thin interest coverage (-1.0×)
Loss-making in 1 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago+26.6% YoY
Profitable — makes more than it spends$2.79B TTM
Profit growing — earnings are higher than last year-59.7% YoY
Generates cash — cash left after running and investing$4.16B TTM
Debt under control — could handle its obligations~4.0y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$97.8B market cap
Not printing shares — share count not ballooning — you keep your slice+2.3% shares over ~5y
Proven track record — years of profitability behind it9/10 profitable years
Financially stable — balance sheet not near distresshealth score 12/100
Pays a dividend — returns cash to shareholdersyield 0.88%
Valuation not extreme — price not wildly above earningsP/E 34.9

Peer comparisonHewlett Packard Enterprise Company vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
HPE this company	$97.8B	34.9	+26.6%	6.7%	Strained
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: HPE vs NVDA · HPE vs AAPL · HPE vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 13Hold 9

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $41.9B · net income $2.79B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$41.9B

YoY 26.6%

Net income (TTM)

$2.79B

Margin 6.7%

Gross margin

36.8%

Operating margin

7.0%

P/E ratio

34.9

Dividend yield

0.88%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	27.0	27.8	28.5	29.1	30.1	34.3
Gross profit	8.7	9.6	9.8	10.6	10.4	10.9
Operating income (EBIT)	-0.3	1.1	0.8	2.1	2.2	-0.4
Net income	-0.3	3.4	0.9	2.0	2.6	0.1
EPS (diluted)	-0.25	2.58	0.66	1.54	1.93	0.04

Cash flowFree cash flow $4.16B · operating cash flow $6.69B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$4.16B

Margin 9.9%

Operating cash flow (TTM)

$6.69B

FCF margin

9.9%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	2.2	5.9	4.6	4.4	4.3	2.9
Capital expenditure	-2.4	-2.5	-3.1	-2.8	-2.4	-2.3
Free cash flow	-0.1	3.4	1.5	1.6	2.0	0.6
FCF margin	-0.5%	12.1%	5.2%	5.5%	6.6%	1.8%

Balance sheetAssets $75.9B · net debt $16.6B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $75.9B of assets is financed

67%

33%

Liabilities $51.2B — borrowed moneyEquity $24.7B — owners' stake

Cash vs debt

Total debt $22.4B − cash $5.77B = net debt $16.6B

Cash on hand covers 26% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

-1.0x

EBIT ÷ interest expense

ROE

11.0%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	4.2	4.0	4.2	4.3	14.8	5.8
Total assets	54.0	57.7	57.1	57.2	71.3	75.9
Total liabilities	38.0	37.7	37.3	36.0	46.4	51.2
Total debt	15.9	13.4	12.5	12.4	18.2	22.4
Equity	16.0	20.0	19.9	21.2	24.8	24.7
Net debt	11.7	9.5	8.3	8.1	3.4	16.6

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of HPE on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $73.70 · market cap $97.8B.