Hewlett Packard Enterprise HPE

Servers & networking equipment. Hewlett Packard Enterprise Company, listed on NYSE.

Based on the FY2025 annual report (Nov 2024 – Oct 2025)

Hewlett Packard Enterprise's market cap is
about $58.65 billion.

#189 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2025 revenue was $34.296B.

Share price (close): $44.16; Close on Nov 5, 2026 · per share
P/E ratio: —; Net loss, or no EPS reported
Market cap: $58.65B; #189 of 289
Revenue: $34.296B; #99 of 299 · +13.8% YoY
Operating income: −$437M; #222 of 231 · −120.0% YoY
Net income: $57M; #281 of 298 · −97.8% YoY
Free cash flow: $627M; #229 of 261 · −68.2% YoY
Total assets: $75.906B; #105 of 299 · +6.5% YoY
Dividends paid: $684M; #160 of 214 · +1.2% YoY
Dividend per share: $0.52; #194 of 205 · +0.0% YoY
Dividend yield: 1.2%; #125 of 203
Shares outstanding: 1,318,292,428 shares; As of Oct 31, 2025

Where the revenue went

Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.

R&D7.3%
SG&A and other93.9%
Net income0.2%

Non-operating gains such as investment income (1.4% of revenue) were added, so net income is larger than operating income.

Profitability and stability

Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.

Revenue growthHow much revenue grew from the previous fiscal year: +13.8%; #83 of 299; Revenue is growing steadily. The median across 299 companies is +7.9%.
Operating marginShare of revenue kept as profit from the core business: −1.3%; #217 of 231; The core business lost money. The median across 231 companies is 19.2%.
Net marginShare of revenue left as profit after interest and taxes: 0.2%; #282 of 298; After taxes, 0.2% of revenue was left as net income. The median across 298 companies is 14.0%.
FCF marginShare of revenue left as cash after capital spending: 1.8%; #234 of 261; Little cash is left after capital spending. The median across 261 companies is 15.8%.
ROEHow much profit the company earned on shareholders' equity in a year: 0.2%; #259 of 276; Earnings relative to equity are on the low side. The median across 276 companies is 16.8%.
Debt-to-equityLiabilities relative to equity. Lower means less debt: 207.5%; #149 of 244; Liabilities are more than twice equity. The median across 244 companies is 159.6%.

Revenue and profit over time

Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.

Currency: US dollars. Years are the years in which each fiscal year ended.

Where the cash went

Unlike profit, cash flow is money that actually came in and went out.

Cash from operations$2.919B
Capital spending−$2.292B
Free cash flow (FCF)$627M
Dividends paid−$684M

Whose money funds the assets

The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).

Liabilities 67%Equity 33%

Total assets$75.906B
Total liabilities$51.218B
Total equity$24.688B
Cash and equivalents$5.773B

Compared with similar companies

Based on each company's latest annual report, so fiscal year ends may differ.

Compare in detail

Company	Annual revenue	Net income	Revenue growth	Operating margin	Net margin
Hewlett Packard EnterpriseHPE	$34.296B	$57M	+13.8%	−1.3%	0.2%
LumentumLITE	$3.014B	−$6.9351B	+83.2%	17.4%	−230.1%
Keysight TechnologiesKEYS	$5.375B	$850M	+8.0%	16.3%	15.8%
Motorola SolutionsMSI	$11.682B	$2.154B	+8.0%	25.6%	18.4%
CorningGLW	$15.629B	$1.596B	+19.1%	14.6%	10.2%

What the company does

Hewlett Packard Enterprise sells enterprise servers, AI systems and networking equipment. It acquired Juniper Networks in 2025.

The fiscal year ends around October each year.

Related companies: Lumentum, Keysight Technologies, Motorola Solutions, Corning

Financial statements

Last 5 fiscal years. Currency: US dollars.

Show the table

Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	27.784B	28.496B	29.135B	30.127B	34.296B
R&D expense	1.979B	2.045B	2.349B	2.246B	2.518B
Operating income	1.132B	782M	2.089B	2.19B	−437M
Pretax income	3.587B	876M	2.23B	2.953B	−285M
Net income	3.427B	868M	2.025B	2.579B	57M
EPS (diluted)	$2.58	$0.66	$1.54	$1.93	$-0.04
Operating cash flow	5.871B	4.593B	4.428B	4.341B	2.919B
Capital expenditures	2.502B	3.122B	2.828B	2.367B	2.292B
Free cash flow (FCF)	3.369B	1.471B	1.6B	1.974B	627M
Dividends paid	625M	621M	619M	676M	684M
Total assets	57.699B	57.123B	57.153B	71.262B	75.906B
Total liabilities	37.682B	37.214B	35.971B	46.446B	51.218B
Total equity	20.017B	19.909B	21.182B	24.816B	24.688B
Cash and equivalents	4.332B	4.763B	4.581B	14.846B	5.773B
Original filing	10-K	10-K	10-K	10-K	10-K

Source: SEC EDGAR filings for Hewlett Packard Enterprise Company · CIK 0001645590 · US-GAAP