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HP HPQ Operating margin

Operating margin at other companies

Eastman Kodak Company logo
Eastman Kodak CompanyKODK
1.1%+0.6pp
Apple logo
AppleAAPL
33.2%+1.3pp
Zebra Technologies logo
Zebra TechnologiesZBRA
12.9%-2.3pp
3D Systems logo
3D SystemsDDD
-17%-7.2pp
Logitech International logo
Logitech InternationalLOGI
17.7%+3.3pp
One Stop Systems, Inc. logo
One Stop Systems, Inc.OSS
-20.1%+98.1pp

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$24.94B+6.3%
Enterprise value$32.94B+2.6%
P/E9.8×+0.9×
P/S0.4×0.0×

Profitability

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Gross margin20.3%-0.8pp
Net margin4.4%-0.2pp
FCF margin6.6%+1.7pp

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 source filing: HP’s 10-Q, filed May 28, 2026. Open the filing →

Filed
May 27, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000047217-26-000029

FAQ

What is HP's operating margin?
HP (HPQ) reported operating margin of 5.3% in Q1 2026.
How has HP's operating margin changed year-over-year?
HP's operating margin decreased by 16.0% year-over-year, from 6.3% to 5.3%.
What is the long-term trend for HP's operating margin?
Over 5 years (2020 to 2025), HP's operating margin has grown at a -1.1% compound annual growth rate (CAGR), from 6.1% to 5.7%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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