Touchstone
Last syncOct 31, 2026, 6:54 PM ET

HPE

Hewlett Packard Enterprise Co Information Technology Computer & office Equipment S&P 500Russell 3000
$55.09Close $72.6BMarket cap $19.72 – $73.4652-week range Dec 3, 2026Next report

Highlights

Strengths

  • Leading the market RS 97 · stronger than 97% of stocks over 12 months
  • Volume drying up last 10 days 37% under the 50-day average
  • Earnings growing EPS +395% year on year

Cautions

  • Trend not confirmed 6 of 8 conditions · under the 50-day, over 25% off the high
  • Far from its high 25% below its 52-week high
  • Financial distress Altman Z″ in the distress zone

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Oct 31, 2025 · filed Sep 3, 2026
Off 12-month high 25%
1wk down 2.8% price change
1mo down 13.8% price change
12-month return up 129% market up 11% · its own up 120%
F-score — — Not assessed
Altman Z 1.24 Elevated risk
P/E 1274.1× price / earnings
PEG — P/E / EPS growth
P/B 2.9× price / book
Earnings yield down 0.5% EBIT / enterprise value
Cheaper than 35% of the market · expensive
Revenue growth up 14% year on year
EPS growth up 395% latest quarter
Sales growth up 34% latest quarter · -6 pts
ROE 0% return on equity
Free cash margin up 2% $627.0M FCF
D/E 0.72 long-term debt / equity
Net debt / EBITDA 5.2×
Interest cover Lossoperating loss

Trade setup

ATR% 6.4% $3.55 a day · 2×ATR $47.99
RS 97 / 99 vs the universe
Trend 6 / 8 under the 50-day, over 25% off the high
Relative volume 0.8× vs 50-day average
Up/down volume 1.28 50 sessions
Implied move 17.5% by Dec 4, 2026 · report Dec 3, 2026
Trend template · 6 of 8
  • Price above the 50-day average: fails
  • Within 25% of the 52-week high: fails

Screen verdict

Did not qualify for any screen.

Warning signs

3 flagged
  • Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
  • Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
  • Heavily indebted Net debt is 5.2 times EBITDA — roughly 5 years of earnings before interest, tax and depreciation to repay borrowings in full.
Last reported Sep 2, 2026
Results reaction Sep 2, 2026+6% vs market2 sessions after results
Options $11.5M70.6% IV · activity

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $34.3B +14% on FY2024
$0 $50B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $27.0B FY2021 · $27.8B FY2022 · $28.5B FY2023 · $29.1B FY2024 · $30.1B FY2025 · $34.3B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $57.0M -98% on FY2024
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$322.0M FY2021 · $3.4B FY2022 · $868.0M FY2023 · $2.0B FY2024 · $2.6B FY2025 · $57.0M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $627.0M -68% on FY2024
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · -$143.0M FY2021 · $3.4B FY2022 · $1.5B FY2023 · $1.6B FY2024 · $2.0B FY2025 · $627.0M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net 0%
  • Free cash 2%
0% 20% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net -1% · Free cash -1% FY2021 · Net 12% · Free cash 12% FY2022 · Net 3% · Free cash 5% FY2023 · Net 7% · Free cash 5% FY2024 · Net 9% · Free cash 7% FY2025 · Net 0% · Free cash 2%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $12.0B net debt
  • Cash
  • Long-term debt
$0 $20B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $4.2B · Long-term debt $12.2B FY2021 · Cash $4.0B · Long-term debt $9.9B FY2022 · Cash $4.2B · Long-term debt $7.9B FY2023 · Cash $4.3B · Long-term debt $7.5B FY2024 · Cash $14.8B · Long-term debt $13.5B FY2025 · Cash $5.8B · Long-term debt $17.8B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 1.32bn +2.4% since FY2020
1.32bn 1.28bn FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 1.29bn FY2021 · 1.29bn FY2022 · 1.28bn FY2023 · 1.28bn FY2024 · 1.30bn FY2025 · 1.32bn
  FY2020Oct 31, 2020 FY2021Oct 31, 2021 FY2022Oct 31, 2022 FY2023Oct 31, 2023 FY2024Oct 31, 2024 FY2025Oct 31, 2025
Revenue $27.0B $27.8B $28.5B $29.1B $30.1B $34.3B
Operating income -$329.0M $1.1B $782.0M $2.1B $2.2B -$437.0M
Net income -$322.0M $3.4B $868.0M $2.0B $2.6B $57.0M
Net margin -1% 12% 3% 7% 9% 0%
Earnings per share -$0.25 $2.58 $0.66 $1.54 $1.93 $0.04
Free cash flow -$143.0M $3.4B $1.5B $1.6B $2.0B $627.0M
Free cash margin -1% 12% 5% 5% 7% 2%
Cash $4.2B $4.0B $4.2B $4.3B $14.8B $5.8B
Long-term debt $12.2B $9.9B $7.9B $7.5B $13.5B $17.8B
Shareholders' equity $16.0B $20.0B $19.9B $21.2B $24.8B $24.7B
Shares outstanding 1.29bn 1.29bn 1.28bn 1.28bn 1.30bn 1.32bn

Next report

Dec 3, 2026

Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology ±17.5% $45 – $65 by Dec 4, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology ±5.9% last 4: +7.0% · +30.5% · -0.1% · +4.8%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology Bigger than usual 3.0× the usual move

What options price now

Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
$47 – $63 ±14.5% by Nov 27, 2026
Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
About the same 70.6% priced · 64.4% recent
Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
About the same
Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
past week: costs more
Positioning
Premium traded
$11.5M calls $8.3M · puts $3.2M · latest session
Puts against calls, by premium Money spent on puts divided by money spent on calls. Measured in dollars rather than contracts on purpose: counting contracts treats a hundred cheap lottery tickets as more meaningful than one large position, which is backwards. Methodology
0.39× -0.18 over the week
Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
calls -30.02k · puts -23.04k past week

For options traders: ATM IV 70.6% (+5.3% 1w) · 1m ÷ 3m IV 1.00 · 25Δ skew 6.4 pts · Net GEX $2.2M

Most traded contracts 1
Contract Next day: opened, closed or mixed A large option trade on its own is ambiguous: it may have opened a position, closed one, or been one leg of a spread. Open interest is published overnight, so the next morning settles it. Opened: open interest rose by a good share of the volume traded, so positions were added. Closed: it fell, so positions were taken off. Mixed: it barely moved, as when one side opens while the other closes. A dash: the next morning's count is not in yet. None of the three says whether the contracts were bought or sold. Methodology Volume against open interest The day's contracts traded, divided by the positions already standing. Above 1 the day's trading exceeded every position in existence, which cannot happen without something new — though only tomorrow's open interest proves it opened rather than closed. Methodology Bid-ask spread The gap between the bid and the ask as a share of the midpoint: what a round trip costs before the position has moved at all. Methodology Priced vs rest of chain The contract's implied volatility less the at-the-money reading for the same company, in points: how this strike is priced against the rest of the chain. Methodology Move to break even How far the stock must move by expiry for a buyer at the midpoint to get the premium back: strike plus premium for a call, strike less premium for a put. Methodology Premium
Dec 18, 2026 · $55 call at the price — 0.09 4.2% +2.7% +10.5% $450,300

Liquid contracts, 3 weeks to 4 months out, soonest expiry first.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Sep 3, 2026 Quarterly ↗ Jul 31, 2026 34d
Jun 2, 2026 Quarterly ↗ Apr 30, 2026 33d
Mar 10, 2026 Quarterly ↗ Jan 31, 2026 38d
Dec 18, 2025 Annual ↗ Oct 31, 2025 48d
Sep 4, 2025 Quarterly ↗ Jul 31, 2025 35d
Jun 4, 2025 Quarterly ↗ Apr 30, 2025 35d
Mar 7, 2025 Quarterly ↗ Jan 31, 2025 35d
Dec 19, 2024 Annual ↗ Oct 31, 2024 49d
Sep 5, 2024 Quarterly ↗ Jul 31, 2024 36d
Jun 5, 2024 Quarterly ↗ Apr 30, 2024 36d
Mar 5, 2024 Quarterly ↗ Jan 31, 2024 34d
Dec 22, 2023 Annual ↗ Oct 31, 2023 52d

Current reports

FiledDisclosed
Sep 30, 2026 Regulation FD ↗
Sep 2, 2026 Results · Regulation FD ↗
Aug 4, 2026 Regulation FD ↗
Jul 24, 2026 Director or officer change · Regulation FD ↗
Jun 1, 2026 Material agreement · Results · Director or officer change · Regulation FD ↗
May 14, 2026 Regulation FD ↗
May 4, 2026 Regulation FD ↗
Apr 3, 2026 Director or officer change · Shareholder vote ↗
Mar 23, 2026 Other events ↗
Mar 18, 2026 Other events ↗
Mar 9, 2026 Results · Regulation FD ↗
Feb 6, 2026 Director or officer change ↗