HP (HPQ) stock
Information Technology · Technology Hardware, Storage & Peripherals
HP (HPQ) is a Technology Hardware, Storage & Peripherals company in the Information Technology sector, headquartered in Palo Alto, California. As of October 23, 2026, HPQ closed at $33.64, a market capitalization of $30.34 billion, the 316th largest company in the S&P 500. Over the last twelve months it generated $59.16 billion in revenue (+12% year over year) and $3.88 billion in free cash flow. The stock trades at 12.8x trailing earnings and 10.7x forward earnings.
- 1-year total return: +27.0% (dividends reinvested)
- 5-year return: +5.9% a year
- 52-week range: $17.56 – $36.23
- Gross margin 19.7%, operating margin 5.4%
- Dividend yield: 3.57%, 15 straight years of increases
- FI Handbook report card: C+ across 9 metrics
- 55th largest of 75 Information Technology stocks in the S&P 500
HPQ price chart
1Y price change: +20.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| HPQ | +4.6% | +56.8% | +27.0% | +13.7% | +5.9% | +13.1% | +11.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
HPQ key statistics
- Market cap
- $30.3B
- #316 in S&P 500
- P/E (TTM)
- 12.8x
- Forward P/E
- 10.7x
- EPS (TTM)
- $2.62
- Revenue (TTM)
- $59.2B
- +13%
- Free cash flow
- $3.9B
- Gross margin
- 19.7%
- Operating margin
- 5.4%
- Return on equity
- —
- Dividend yield
- 3.57%
- 52-week range
- $17.56 – $36.23
- Beta
- 1.19
- Price / sales
- 0.5x
- EV / EBITDA
- 7.9x
- Debt / equity
- —
- Employees
- 55,000
HPQ report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth12.5%B
- Gross margin19.7%D
- Operating margin5.4%D
- FCF margin6.6%D
- Return on equity——
- Net debt / EBITDA1.3xC
- Forward P/E10.7xA
- PEG ratio3.4xF
- Shareholder yield6.4%A
- Share count change / yr-7.7%A
HP financials
Revenue went from $48.2B in fiscal 2016 to $55.3B in fiscal 2025, growing 1.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.2B | $52.1B | $58.5B | $58.8B | $56.6B | $63.5B | $62.9B | $53.7B | $53.6B | $55.3B |
| Gross profit | $9.0B | $9.6B | $10.7B | $11.2B | $10.4B | $13.4B | $12.3B | $11.5B | $11.8B | $11.4B |
| Operating income | $3.5B | $3.4B | $3.8B | $3.9B | $3.4B | $5.4B | $4.6B | $3.5B | $3.8B | $3.2B |
| Net income | $2.5B | $2.5B | $5.3B | $3.2B | $2.8B | $6.5B | $3.1B | $3.3B | $2.8B | $2.5B |
| EPS (diluted) | $1.43 | $1.48 | $3.26 | $2.07 | $1.98 | $5.36 | $2.98 | $3.26 | $2.81 | $2.65 |
| Free cash flow | $2.8B | $3.3B | $4.0B | $4.0B | $3.7B | $5.8B | $3.7B | $3.0B | $3.2B | $2.8B |
| Buybacks | $1.2B | $1.4B | $2.6B | $2.4B | $3.1B | $6.2B | $4.3B | $100.0M | $2.1B | $850.0M |
| Dividends paid | $858.0M | $894.0M | $899.0M | $970.0M | $997.0M | $938.0M | $1.0B | $1.0B | $1.1B | $1.1B |
| Diluted shares | 1.7B | 1.7B | 1.6B | 1.5B | 1.4B | 1.2B | 1.1B | 1.0B | 989.0M | 953.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into HPQ?
A reverse DCF asks what growth the current price requires. With an enterprise value of $36.5B and $3.9B of trailing free cash flow, HP needs to grow free cash flow about -7.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -5.6% a year over the last five years.
P/E ratio history
Current 12.7x vs. median 9.8x (10th–90th percentile 5.3x–15.7x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
HPQ dividend
- Dividend yield
- 3.57%
- Annual dividend
- $1.20
- Years of increases
- 15
- 5-yr dividend growth
- 10.1%
- per year
- Payout ratio
- 45%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
HPQ analyst price targets
17 analysts' average 12-month target is $27.52 (-18% vs. $33.64). Targets range from $19.00 to $33.80. 11% rate it a buy.
HPQ earnings
Next report: November 24, 2026. HP has beaten EPS estimates 4 quarters in a row. Last quarter's revenue was $15.7B (+13% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 26, 2026 | $0.69 | $0.83 | +20.0% |
| May 27, 2026 | $0.72 | $0.86 | +20.3% |
| Feb 24, 2026 | $0.77 | $0.81 | +5.6% |
| Nov 25, 2025 | $0.92 | $0.93 | +0.8% |
| Aug 27, 2025 | $0.75 | $0.75 | -0.0% |
| May 28, 2025 | $0.80 | $0.71 | -11.6% |
| Feb 27, 2025 | $0.74 | $0.74 | -0.5% |
| Nov 26, 2024 | $0.93 | $0.93 | -0.2% |
Stocks like HPQ
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 AAPL Apple | -0.14% | +34% | $5.1T | 39.9x | Compare |
 DELL Dell Technologies | +0.77% | +199% | $290.2B | 26.5x | Compare |
 SNDK Sandisk | -1.82% | +641% | $178.9B | 16.8x | Compare |
 STX Seagate Technology | -1.81% | +180% | $143.4B | 45.4x | Compare |
 WDC Western Digital | -2.97% | +174% | $128.6B | 12.1x | Compare |
 HPE Hewlett Packard Enterprise Comp | +2.20% | +149% | $75.3B | 29.2x | Compare |
 NTAP NetApp | +1.40% | +86% | $42.3B | 30.4x | Compare |
 P Everpure | +1.76% | +32% | $41.1B | 168.9x | Compare |
HPQ news
- HP (HPQ) Stock May Be 33% Undervalued As AI Workstation Launch Lands · Oct 25, 2026
- HP Brings Ferrari’s Creative Vision to Life for the Special Austin GP Livery · Oct 21, 2026
- Here's where one strategist is putting new money in the AI trade · Oct 21, 2026
- HPQ's AI PC Demand Rises: Can it Offset Declining PC Shipments? · Oct 21, 2026
- Can HPQ Protect Margins Amid Rising Memory & Storage Costs? · Oct 19, 2026
HPQ stock FAQ
What is HPQ's market cap?
HP's market capitalization is $30.34 billion as of October 23, 2026, ranking 316th in the S&P 500.
What is HPQ's P/E ratio?
HPQ trades at a trailing price-to-earnings ratio of 12.8x and a forward P/E of 10.7x. Its median P/E over the period we track is 9.8x.
Does HPQ pay a dividend?
Yes. HP pays $1.20 per share a year, a 3.57% yield. It has raised its dividend 15 years in a row. Dividends grew 10.1% a year over the last five years.
How much has HPQ stock returned?
Including reinvested dividends, HPQ returned +27.0% over one year, +5.9% a year over five years, +13.1% a year over ten years through October 23, 2026.
Is HPQ stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies HP must grow free cash flow about -8% a year for the next decade. Its free cash flow fell 6% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the HPQ price target?
17 analysts cover HPQ with an average 12-month price target of $27.52, -18% from the current price. 11% of them rate it a buy.
When does HPQ report earnings?
HP is expected to report earnings on November 24, 2026. It has beaten EPS estimates 4 quarters in a row.
How many employees does HP have?
HP has about 55,000 full-time employees, or $1.1 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology