HP Inc. (HPQ) Stock

HP Inc. (HPQ) is a Technology stock trading at $24.82 (as of 2026-07-17), with a market capitalization of $22.70B and a trailing P/E of 10.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and peripherals, software, support, and services. The Printing segment provides consumer and commercial printer hardware, supplies, solutions, and services. The Corporate Investments segment is involved in the HP Labs and business incubation, and investment projects. It serves individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.

Understand HP Inc.: how it makes money

HP Inc. provides personal computing and imaging and printing products, technologies, solutions, and services, and it earns revenue from its Personal Systems and Printing businesses, including printer hardware and related supplies.

HP's profit engine is a mix of Personal Systems and Printing, with Printing economics closely tied to Supplies revenue (2.9 USD_B), so changes in supplies and printing demand can meaningfully affect overall performance.

Revenue by segment (latest quarter)
Personal Systems$10.3B
Printing$4.2B

Business quality (Weak): Clear multi-business structure (Personal Systems and Printing) and a specific operating focus on Supplies revenue, but profitability appears sensitive (operating margin is 4.2%) and results can swing with hardware and print market conditions.

Valuation: At 8× earnings, HPQ trades 73% below the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Printing has measurable supplies contribution: HP tracks Supplies revenue (2.9 USD_B) alongside Print revenue (4.4 USD_B), suggesting supplies are an important driver inside the Printing business.
  • Business diversification: HP operates through Personal Systems and Printing segments, which can help spread exposure across different end markets.

Bear case

  • Modest operating profitability: Operating margin is 4.2%, leaving less room for cost increases or demand softness to be absorbed.
  • Hardware and print demand cyclicality risk: Personal Systems and Printing are exposed to end-market conditions, so weakening PC or printer demand could pressure results.
Valuation — source: SEC EDGAR (first-party)
Price$24.82
Market Cap$22.70B
P/E Ratio10.5
EV / EBITDA6.3
Price / Sales0.41
FCF Yield10.4%
DCF Value (model)$83.00
DCF Upside vs Price234.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$55.30B
Net Margin4.6%
Revenue Growth (YoY)3.2%
EPS Growth (YoY)-5.7%
FCF Growth (YoY)-11.3%
Financial Health — source: SEC EDGAR
Altman Z-Score1.64 (distress)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E10.5
Sector P/E (Technology)34.7
Industry P/E (Computers)30.9
vs Sector-69.8%
vs Industry-66.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($2.94B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryComputers
CEOBruce Dale Broussard
Employees58,000
CountryUS
IPO Date1957-11-06

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HPQ earnings history · HPQ institutional & insider holders · HPQ KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.