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Operating margin at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
23.4%+3.1pp
NetApp logo
NetAppNTAP
24.2%+3.8pp
Amazon logo
AmazonAMZN
11.5%+0.5pp
Super Micro Computer, Inc. logo
Super Micro Computer, Inc.SMCI
4.5%-1.6pp
Dell Technologies logo
Dell TechnologiesDELL
7.9%+1.3pp
Arista Networks logo
Arista NetworksANET
42.8%+0.5pp

Other financials

Income statement

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Revenue$10.7B+40.0%
Operating income$747.0M+167%
Net income$624.0M+159%
EPS (diluted)$0.44+154%

Balance sheet

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Cash & equivalents$5.4B-54.6%
Total debt$23.5B+40.3%
Total equity$25.3B+6.0%
Total assets$79.5B+17.2%

Cash flow

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Operating cash flow$1.4B+406%
CapEx$583.0M+6.6%
Free cash flow$827.0M+182%

Valuation

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Market cap$63.83B+79.6%
Enterprise value$81.97B+115%
P/E41×+16.6×
P/S1.7×+0.5×

Profitability

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Gross margin31.4%
Net margin4%-0.6pp

Returns & leverage

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Return on equity6.3%-0.1pp
Debt / equity0.9×+0.2×
Current ratio1.1×-0.2×

Where this comes from

Calculated from Hewlett Packard Enterprise’s reported figures.

Based on trailing twelve months.

The official record: Hewlett Packard Enterprise’s 10-Q, filed June 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hewlett Packard Enterprise's operating margin?
Hewlett Packard Enterprise (HPE) reported operating margin of 3.8% in Q1 2026.
How has Hewlett Packard Enterprise's operating margin changed year-over-year?
Hewlett Packard Enterprise's operating margin increased by 110.6% year-over-year, from 1.8% to 3.8%.
What is the long-term trend for Hewlett Packard Enterprise's operating margin?
Over 2 years (2021 to 2025), Hewlett Packard Enterprise's operating margin has grown at a -0.6% compound annual growth rate (CAGR), from 8.1% to 8%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.