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Hewlett Packard Enterprise (HPE)

Information Technology · $61.6B market cap · SEC CIK 0001645590

$47.93 ▲+0.82% on the day close of Nov 10, 2026
20 Screens poorly
ahead of 20% of the S&P 500 · #59 of 73 in Information Technology

Next reports on Nov 23, 2026, after the close, with analysts expecting $1.29 in earnings per share.

52-week range $19.84 to $73.56. 35% below its 52-week high and 142% above its low.

The case for HPE

The case against

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Information Technology companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

Valuewhat you pay for the earnings and cash, against the growth you get38
Growthhow fast revenue and earnings are moving, this year and over five61
Profitabilityhow much of the revenue becomes profit, and how much of that is cash33
Momentumhow the price has behaved lately56
Stabilityhow violently it moves, what it owes and what it pays you26

The financials

Revenue growth

Is the business growing? Yes

Last 12 months+26.6%
Over 5 years+4.9% a year
FY2025 revenue$34.3B (+14%)

Free cash flow

Is it generating real cash? A little

FY2025 free cash flow$627M
Of revenue2%
Of profit1100%

Profit margins

Is profitability improving? No, slipping

Gross margin37%
Operating margin7%
Net margin, FY24 → FY25 → now8.6% → 0.2% → 6.7%

Debt vs. cash

Is the balance sheet healthy? Stretched

Cash$5.8B
Long-term debt$21.7B
Net debt$16.0B
Years to repay7.5 yrs

Valuation

Is the stock price reasonable? Mixed: cheap on earnings, dear on cash

P/E22.1×
Fair P/E for its growth31×
P/FCF98.2×
Forward P/E11.7×
EV / EBITDA18.0×

At 22.1× earnings it trades below the 31× that 12% a year of growth plus a 3.0% dividend would justify. At 98.2× free cash flow it trades well above that same mark.

The financials, five years deep

Pulled from Hewlett Packard Enterprise's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

FY2025FY2024FY2023FY2022FY2021
Revenue growth
Revenue$34.3B$30.1B$29.1B$28.5B$27.8B
Change on the year+14%+3%+2%+3%—
Free cash flow
Free cash flow$627M$2.0B$1.6B$1.5B$3.4B
Of revenue2%7%5%5%12%
Profit margins
Operating margin−1.3%7.3%7.2%2.7%4.1%
Net margin0.2%8.6%7.0%3.0%12.3%
Debt vs. cash
Cash$5.8B$14.8B$4.3B$4.2B$4.0B
Long-term debt$21.7B$17.7B$11.7B$11.9B$12.5B
Net cash (debt)−$16.0B−$2.8B−$7.4B−$7.8B−$8.5B

What Hewlett Packard Enterprise says it does

Hewlett Packard Enterprise is a global technology leader focused on developing intelligent solutions that allow customers to capture, analyze and act upon data seamlessly from edge to cloud. We enable our customers to accelerate business outcomes by driving new business models, creating new customer and employee experiences, and increasing operational efficiency today and into the future. Our customers range from small-and-medium-sized businesses to large global enterprises and governmental entities. Our legacy dates back to a partnership founded in 1939 by William R. Hewlett and David Packard, and we strive every day to uphold and enhance that legacy through our dedication to providing innovative technological solutions to our customers. We use the terms “Hewlett Packard Enterprise,” “HPE,” “the Company,” “we,” “us,” and “our” to refer to Hewlett Packard Enterprise Company. Our Strategy Over the last several years, HPE has observed…

Risk factors HPE lists in its 10-K

Filings

Open HPE in the deck

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