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Screener / SEC EDGAR /CIK 0000047217 /10-K filed Dec 10, 2025, compared with Dec 13, 2024 /Numbers from the XBRL of the 10-Ks
Technology peers:
ORCLSMCIINTCCSCOHPQIBM
NYSE Technology · Computer Hardware

HP Inc. HPQ

HPQ quote by TradingView

HP is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. 10-K, Item 1

Headquarters
Palo Alto, CA
CEO
Enrique Lores
Next results
around Nov 24, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $55.3B through the costs to a net profit of $2.5B · income statement of the 10-K

6% operating margin
Revenue to Gross profit: $11.4BRevenue to Cost of revenue: $43.9BGross profit to Operating profit: $3.2BGross profit to Operating expenses: $8.2BOperating profit to Net profit: $2.5BOperating profit to Tax & other: $645.0MOperating expenses to R&D: $1.6BOperating expenses to Sales, admin & other: $6.6B Revenue: $55.3B REVENUE $55.3B +3% Y/Y Gross profit: $11.4B · 21% margin GROSS PROFIT $11.4B 21% margin · −4% Y/Y Cost of revenue: $43.9B · 79% of revenue COST OF REVENUE $43.9B 79% of revenue Operating profit: $3.2B · 6% margin OPERATING PROFIT $3.2B 6% margin · −17% Y/Y Operating expenses: $8.2B · 15% of revenue OPERATING EXPENSES $8.2B 15% of revenue Net profit: $2.5B · 5% margin NET PROFIT $2.5B 5% margin · −9% Y/Y Tax & other: $645.0M · 1% of revenue TAX & OTHER $645.0M 1% of revenue R&D: $1.6B · 3% of revenue R&D $1.6B 3% of revenue Sales, admin & other: $6.6B · 12% of revenue SALES, ADMIN & OTHER $6.6B 12% of revenue
Gross profit $11.4B 21% margin · −4% Y/Y
Operating profit $3.2B 6% margin · −17% Y/Y
Net profit $2.5B 5% margin · −9% Y/Y
The full income statement, year by year

HPQ among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 3.2%, above 8% of 74 peers (their median 14.1%) REVENUE GROWTH 3.2% · above 8% Gross margin: 19.9%, above 6% of 67 peers (their median 58.0%) GROSS MARGIN 19.9% · above 6% Operating margin: 5.4%, above 9% of 70 peers (their median 23.8%) OPERATING MARGIN 5.4% · above 9% Net margin: 4.1%, above 9% of 74 peers (their median 19.2%) NET MARGIN 4.1% · above 9% FCF margin: 6.6%, above 16% of 70 peers (their median 23.7%) FCF MARGIN 6.6% · above 16%
HPQ Peer median Below the median

What changed

5 new risk paragraphs. 10-K filed Dec 10, 2025 against Dec 13, 2024.

Risk factors
5 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
11 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
1 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables +11.2% vs revenue +3.2% (+8.0 pts)
  • Cash from operations $3.7B vs net income $2.5B (FY ending Oct 31, 2025)
  • Inventory +10.3% vs revenue +3.2% (+7.0 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Estimation of variable consideration
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

5 paragraphs in Risk Factors that were not in the 10-K filed Dec 13, 2024. Quoted as filed.

All 5 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Dec 13, 2024 10-K, ITEM 1A
    We rely upon patent, copyright, trademark, trade secret and other IP laws in the United States, similar laws in other countries, and agreements with our employees, customers, suppliers and other parties, to establish and maintain IP rights in the products and
  2. Item 1A · new paragraph · not in the 10-K filed Dec 13, 2024 10-K, ITEM 1A
    Since April 2025, new, substantial tariffs have been imposed on imports to the United States. In response, several countries have imposed, or threatened to impose, reciprocal tariffs on imports from the United States and other retaliatory measures. As a result, during fiscal 2025, we experienced higher commodity and tariff costs, which…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2016 to FY2025

Revenue, net income and free cash flow, each set to 100 in FY2016. What happened, from the 10-Ks. Not a forecast.

FY2016 = 100
100 150 200 250 Revenue: $48.2B in FY2016, $55.3B in FY2025 REVENUE $55.3B · 1.1x Net income: $2.5B in FY2016, $2.5B in FY2025 NET INCOME $2.5B · 1.0x Free cash flow: $2.8B in FY2016, $2.8B in FY2025 FREE CASH FLOW $2.8B · 1.0x FY2016 = 100FY2021FY2025
Revenue 1.1x $48.2B to $55.3B
Net income 1.0x $2.5B to $2.5B
Free cash flow 1.0x $2.8B to $2.8B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$62.9B$53.7B$53.6B$55.3B
Net income$3.1B$3.3B$2.8B$2.5B
Operating cash flow$4.5B$3.6B$3.7B$3.7B
Free cash flow$3.7B$3.0B$3.2B$2.8B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$55.3B ▲ 3.2% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

1 filing in the last 30 days · SEC EDGAR

All filings
  • OfficerNov 4, 2026
    CEO change (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Emma Walmsley as Chief Executive Officer of the Company, effective as of January 4, 2027 (the “Start Date”).

About the company

HP Inc., Palo Alto, CA · from the 10-K filed Dec 10, 2025

HP is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming and other related technologies. We believe artificial intelligence (“AI”) is playing a critical role in the transformation of how people live and work, and customers are beginning to recognize the benefits in security, speed and cost.

Headquarters
Palo Alto, CA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
October 31
Last results
Aug 26, 2026
Incorporated in
DE

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Sources

The 10-K filed Dec 10, 2025 (open at SEC), compared with the 10-K filed Dec 13, 2024. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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