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

HPQ

Hp Inc Information Technology Computer & office Equipment S&P 500Russell 3000
$28.78Close $26.5BMarket cap $17.52 – $35.4852-week range Nov 24, 2026Next report

Highlights

Strengths

  • Leading the market RS 80 · stronger than 80% of stocks over 12 months

Cautions

  • Trend not confirmed 7 of 8 conditions · under the 50-day
  • Earnings shrinking EPS −11% year on year
  • 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 Aug 27, 2026
Off 12-month high 19%
1wk down 14.4% price change
1mo down 8.0% price change
12-month return up 10% market up 11% · its own down 2%
F-score 6 / 9 Mixed
Altman Z 1.69 Elevated risk
P/E 10.5× price / earnings
PEG — P/E / EPS growth
P/B — price / book
Earnings yield up 10.0% EBIT / enterprise value
Cheaper than 91% of the market · markedly cheap
Revenue growth up 3% year on year
EPS growth down 11% latest quarter · -25 pts
Sales growth up 13% latest quarter · +4 pts
ROE — return on equity
Free cash margin up 5% $2.8B FCF
D/E — long-term debt / equity
Net debt / EBITDA 1.3×
Interest cover 7.4×EBIT / interest
Piotroski tests
  • profitability slipped from last year
  • gross margin narrowed
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved
  • no new shares issued

Repair signals

  • Revenue reaccelerating (-0% then +3%)

Trade setup

ATR% 5.4% $1.55 a day · 2×ATR $25.69
RS 80 / 99 vs the universe
Trend 7 / 8 under the 50-day
Relative volume 2.1× vs 50-day average
Up/down volume 0.91 50 sessions
Implied move 13.4% by Nov 27, 2026 · report Nov 24, 2026
Trend template · 7 of 8
  • Price above the 50-day average: fails

Screen verdict

Did not qualify for any screen.

Warning signs

3 flagged
  • Liabilities exceed assets Shareholders' equity is negative at -$346.0M as of Oct 31, 2025. What is left for shareholders after creditors is, on the balance sheet, less than nothing.
  • 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.
  • Gross margin narrowing Gross margin fell from 22.1% to 20.6%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported Aug 26, 2026
Results reaction Aug 26, 20260% vs market2 sessions after results
Options $4.7M57.6% 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 $55.3B +3% on FY2024
$0 $100B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $56.6B FY2021 · $63.5B FY2022 · $62.9B FY2023 · $53.7B FY2024 · $53.6B FY2025 · $55.3B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $2.5B -9% on FY2024
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $2.8B FY2021 · $6.5B FY2022 · $3.1B FY2023 · $3.3B FY2024 · $2.8B FY2025 · $2.5B
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 $2.8B -11% on FY2024
$0 $10B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $3.7B FY2021 · $5.8B FY2022 · $3.7B FY2023 · $3.0B FY2024 · $3.2B FY2025 · $2.8B
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
  • Gross 21%
  • Net 5%
  • Free cash 5%
0% 25% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 18% · Net 5% · Free cash 7% FY2021 · Gross 21% · Net 10% · Free cash 9% FY2022 · Gross 19% · Net 5% · Free cash 6% FY2023 · Gross 21% · Net 6% · Free cash 6% FY2024 · Gross 22% · Net 5% · Free cash 6% FY2025 · Gross 21% · Net 5% · Free cash 5%
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 $5.1B net debt
  • Cash
  • Long-term debt
$0 $20B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $4.9B · Long-term debt $5.5B FY2021 · Cash $4.3B · Long-term debt $6.4B FY2022 · Cash $3.1B · Long-term debt $10.8B FY2023 · Cash $3.1B · Long-term debt $9.3B FY2024 · Cash $3.2B · Long-term debt $8.3B FY2025 · Cash $3.7B · Long-term debt $8.8B
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 921m -29.4% since FY2020
1.30bn 921m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 1.30bn FY2021 · 1.09bn FY2022 · 980m FY2023 · 989m FY2024 · 939m FY2025 · 921m
  FY2020Oct 31, 2020 FY2021Oct 31, 2021 FY2022Oct 31, 2022 FY2023Oct 31, 2023 FY2024Oct 31, 2024 FY2025Oct 31, 2025
Revenue $56.6B $63.5B $62.9B $53.7B $53.6B $55.3B
Gross margin 18% 21% 19% 21% 22% 21%
Operating income $3.4B $5.4B $4.6B $3.5B $3.8B $3.2B
Net income $2.8B $6.5B $3.1B $3.3B $2.8B $2.5B
Net margin 5% 10% 5% 6% 5% 5%
Earnings per share $1.98 $5.36 $2.98 $3.26 $2.81 $2.65
Free cash flow $3.7B $5.8B $3.7B $3.0B $3.2B $2.8B
Free cash margin 7% 9% 6% 6% 6% 5%
Cash $4.9B $4.3B $3.1B $3.1B $3.2B $3.7B
Long-term debt $5.5B $6.4B $10.8B $9.3B $8.3B $8.8B
Shareholders' equity -$2.3B -$1.6B -$3.0B -$1.1B -$1.3B -$346.0M
Shares outstanding 1.30bn 1.09bn 980m 989m 939m 921m

Next report

Nov 24, 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 ±13.4% $25 – $33 by Nov 27, 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 ±0.6% last 4: +0.4% · +2.4% · -0.8% · +0.1%
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 23.6× the usual move

What options price now

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 57.6% priced · 58.5% 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
Choppier
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
$4.7M calls $1.1M · puts $3.6M · 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
3.16× +2.76 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 -11.50k · puts +1.60k past week

For options traders: ATM IV 57.6% (+7.6% 1w) · 1m ÷ 3m IV 1.04 · 25Δ skew 1.8 pts · Net GEX $216,869

Most traded contracts

No contract passed the liquidity filters this week.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 27, 2026 Quarterly ↗ Jul 31, 2026 27d
May 28, 2026 Quarterly ↗ Apr 30, 2026 28d
Feb 25, 2026 Quarterly ↗ Jan 31, 2026 25d
Dec 10, 2025 Annual ↗ Oct 31, 2025 40d
Aug 28, 2025 Quarterly ↗ Jul 31, 2025 28d
May 29, 2025 Quarterly ↗ Apr 30, 2025 29d
Feb 28, 2025 Quarterly ↗ Jan 31, 2025 28d
Dec 13, 2024 Annual ↗ Oct 31, 2024 43d
Aug 29, 2024 Quarterly ↗ Jul 31, 2024 29d
May 30, 2024 Quarterly ↗ Apr 30, 2024 30d
Feb 28, 2024 Quarterly ↗ Jan 31, 2024 28d
Dec 18, 2023 Annual ↗ Oct 31, 2023 48d

Current reports

FiledDisclosed
Sep 21, 2026 Regulation FD ↗
Aug 26, 2026 Results ↗
Jun 26, 2026 Charter or bylaws ↗
May 27, 2026 Results ↗
Apr 21, 2026 Director or officer change · Shareholder vote ↗
Feb 24, 2026 Results ↗
Feb 3, 2026 Results · Director or officer change · Charter or bylaws · Regulation FD ↗
Nov 25, 2025 Results · Restructuring · Regulation FD ↗
Oct 1, 2025 Director or officer change ↗
Aug 27, 2025 Results ↗
Jun 25, 2025 Director or officer change · Charter or bylaws ↗
May 28, 2025 Results ↗