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HP HPQ Gross margin

Gross margin at other companies

Apple logo
AppleAAPL
47.9%+1.2pp
Dell Technologies logo
Dell TechnologiesDELL
19.1%-3.0pp
TD SYNNEX logo
TD SYNNEXSNX
7.1%+0.4pp
International Business Machines logo
International Business MachinesIBM
58.4%+1.3pp
Best Buy logo
Best BuyBBY
22.5%-0.1pp
Microsoft logo
MicrosoftMSFT
68.3%-0.8pp

Other financials

Income statement

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Revenue$14.4B+9.0%
Gross profit$3.0B+10.1%
Operating income$612.0M-6.4%
Net income$450.0M+10.8%
EPS (diluted)$0.49+16.7%

Balance sheet

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Cash & equivalents$3.7B+35.6%
Total debt$11.7B-11.8%
Total equity-$144.0M+88.7%
Total assets$42.9B+10.7%

Cash flow

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Operating cash flow$926.0M+2,337%
CapEx$170.0M-7.1%
Free cash flow$756.0M+621%

Valuation

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Market cap$21.2B-20.1%
Enterprise value$29.2B-21.3%
P/E8.3×-2.2×
P/S0.4×-0.1×

Profitability

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Operating margin5.3%-1.0pp
Net margin4.4%-0.2pp

Returns & leverage

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Return on equity-359.6%
Debt / equity0.4×
Current ratio0.8×+0.1×

Where this comes from

Calculated from HP’s reported figures.

Based on trailing twelve months.

The official record: HP’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HP's gross margin?
HP (HPQ) reported gross margin of 20.3% in Q1 2026.
How has HP's gross margin changed year-over-year?
HP's gross margin decreased by 4.0% year-over-year, from 21.2% to 20.3%.
What is the long-term trend for HP's gross margin?
Over 4 years (2021 to 2025), HP's gross margin has grown at a 1.4% compound annual growth rate (CAGR), from 80% to 84.5%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.