Reading the tape
NYSE: HPQ
HP Inc.
Technology · Computer Hardware
Market Cap
$19.09B
52w High
$29.55
52w Low
$17.56
P/E
7.68
Volume
8.00M
Outstanding Shares
917.98M
Price vs Fundamentals
Why The Stock Is Moving
Likely fundamental deteriorationModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -19.69%Revenue (TTM): 4.36%FCF (TTM): -11.88%P/FCF: 15th pct
What changed
The stock fell 19.69% over the last year. Revenue grew 4.36% over the trailing twelve months. Operating margin moved from 6.92% to 5.7%. Free cash flow declined 11.88% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 5.7%. Free cash flow fell 11.88% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally.
CEOBruce Dale Broussard
SectorTechnology
IndustryComputer Hardware
Employees58,000
IPO dateNov 6, 1957
Valuation
Forward P/E—
EV/EBITDA8.16
Enterprise value$33.37B
Stock splits
Nov 2, 2015↑ Forward
Every 500 shares became 1101
Oct 30, 2000↑ Forward
Every 1 shares became 2
Jul 16, 1996↑ Forward
Every 1 shares became 2
Apr 17, 1995↑ Forward
Every 1 shares became 2
Aug 26, 1983↑ Forward
Every 1 shares became 2
Jul 20, 1981↑ Forward
Every 1 shares became 2
Jul 31, 1979↑ Forward
Every 1 shares became 2
Mar 20, 1970↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth6.92%
Gross margin20.15%▼9.46%vs FY2024
Operating margin5.7%▼8.06%vs FY2024
ROE-730.92%▼248.47%vs FY2024
Analyst consensus
RatingHold
Target price$19.80▼4.81%
16
Buy
28
Hold
8
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 27, 2026
Q2 FY26 · EPS est $0.71 · Revenue est $13.99B
View
Dividends
$1.18/shareQuarterly8yr growth streakSafeHPQ pays a dividend with a 5.67% dividend yield, 8 consecutive years of growth, growing at 10.09% annually, covered 2.6× by free cash flow.
Dividend Yield
5.67%
Annual Div / Share
$1.18
5yr CAGR
+10.09%
Doubles every ~7.2yr
Payout Ratio
43.52%
Safe
Dividend Growth Rate
3yr CAGR
+4.88%
5yr CAGR
+10.09%
10yr CAGR
+12.6%
Dividend Safety
9/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$1.17+4.7%
2024$1.12+5.0%
2023$1.06+5.0%
2022$1.01+21.8%
2021$0.83+15.1%
2020$0.72+10.0%
2019$0.66+13.6%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$57/yr
$5/mo
In 5 yrs
$92/yr+62%
$8/mo
In 10 yrs
$148/yr+162%
$12/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$57/yr $5/mo | $92/yr+62% $8/mo | $148/yr+162% $12/mo |
Yield-on-cost grows from 5.67% → 14.82% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 2.6× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 10.09% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.