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Hewlett Packard Enterprise vs HP: revenue, profit, margins and growth compared

Hewlett Packard Enterprise brought in $34.3B of revenue in fiscal 2025, HP $55.3B in fiscal 2025. Revenue changed by +13.8% at Hewlett Packard Enterprise and +3.2% at HP on the year before, so Hewlett Packard Enterprise grew faster. Hewlett Packard Enterprise kept 0.2% of its revenue as net profit, HP 4.6%. Free cash flow was $627M at Hewlett Packard Enterprise and $2.8B at HP.

Side by side, latest fiscal year

HPEHPQ
Fiscal year endedFY2025 (October 31, 2025)FY2025 (October 31, 2025)
Revenue$34.3B$55.3B
Revenue growth+13.8%+3.2%
Net income$57M$2.5B
Net margin0.2%4.6%
Free cash flow$627M$2.8B
Free cash flow margin1.8%5.1%
Earnings per share (diluted)-$0.04$2.65
Cash$5.8B$3.7B
Debt$21.7B$9.7B
Price to earningsn/a11.8
Market value$83.3B$28.6B
Dividend yield0.83%3.71%
Rank by revenue in sector#23 of 530 · Technology#13 of 530 · Technology

Over the years

Revenue
HPE FY2018: $30.9BHPE FY2019: $29.1BHPE FY2020: $27BHPE FY2021: $27.8BHPE FY2022: $28.5BHPE FY2023: $29.1BHPE FY2024: $30.1BHPE FY2025: $34.3BHPQ FY2018: $58.5BHPQ FY2019: $58.8BHPQ FY2020: $56.6BHPQ FY2021: $63.5BHPQ FY2022: $62.9BHPQ FY2023: $53.7BHPQ FY2024: $53.6BHPQ FY2025: $55.3BFY18FY19FY20FY21FY22FY23FY24FY25
HPE $34.3BHPQ $55.3B
Net income
HPE FY2018: $1.9BHPE FY2019: $1BHPE FY2020: -$322MHPE FY2021: $3.4BHPE FY2022: $868MHPE FY2023: $2BHPE FY2024: $2.6BHPE FY2025: $57MHPQ FY2018: $5.3BHPQ FY2019: $3.2BHPQ FY2020: $2.8BHPQ FY2021: $6.5BHPQ FY2022: $3.1BHPQ FY2023: $3.3BHPQ FY2024: $2.8BHPQ FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
HPE $57MHPQ $2.5B
Net margin
HPE FY2018: 6.2%HPE FY2019: 3.6%HPE FY2020: -1.2%HPE FY2021: 12.3%HPE FY2022: 3.0%HPE FY2023: 7.0%HPE FY2024: 8.6%HPE FY2025: 0.2%HPQ FY2018: 9.1%HPQ FY2019: 5.4%HPQ FY2020: 5.0%HPQ FY2021: 10.3%HPQ FY2022: 5.0%HPQ FY2023: 6.1%HPQ FY2024: 5.2%HPQ FY2025: 4.6%FY18FY19FY20FY21FY22FY23FY24FY25
HPE 0.2%HPQ 4.6%
Revenue growth
HPE FY2019: -5.6%HPE FY2020: -7.4%HPE FY2021: +3.0%HPE FY2022: +2.6%HPE FY2023: +2.2%HPE FY2024: +3.4%HPE FY2025: +13.8%HPQ FY2019: +0.5%HPQ FY2020: -3.6%HPQ FY2021: +12.0%HPQ FY2022: -0.9%HPQ FY2023: -14.6%HPQ FY2024: -0.3%HPQ FY2025: +3.2%FY19FY20FY21FY22FY23FY24FY25
HPE +13.8%HPQ +3.2%
Free cash flow
HPE FY2018: $8MHPE FY2019: $1.1BHPE FY2020: -$143MHPE FY2021: $3.4BHPE FY2022: $1.5BHPE FY2023: $1.6BHPE FY2024: $2BHPE FY2025: $627MHPQ FY2018: $4BHPQ FY2019: $4BHPQ FY2020: $3.7BHPQ FY2021: $5.8BHPQ FY2022: $3.7BHPQ FY2023: $3BHPQ FY2024: $3.2BHPQ FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
HPE $627MHPQ $2.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Hewlett Packard Enterprise and HP

Which is bigger by revenue, Hewlett Packard Enterprise or HP?

HP is bigger by revenue: $55.3B in fiscal 2025, against $34.3B for Hewlett Packard Enterprise in fiscal 2025.

Which keeps more of its revenue as profit, Hewlett Packard Enterprise or HP?

Hewlett Packard Enterprise had a net margin of 0.2% in fiscal 2025; HP had 4.6% in fiscal 2025.

Which grew revenue faster, Hewlett Packard Enterprise or HP?

In their latest fiscal years revenue changed by +13.8% at Hewlett Packard Enterprise and +3.2% at HP.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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