HP Inc.

HPQNYSETechnology● Active

$24.95

$-0.64(-2.48%)

Market Cap$22.8B

P/E Ratio—

52W High$29.65

52W Low$17.56

Avg Volume20.1M

Open$25.44

Beta1.18

Free Cash Flow Financials Revenue

HP Inc. (HPQ) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HPQ · free cash flow · updated Jun 8, 2026

Core FCF metrics

HPQ · FCF · TTM · margin & CAGR

Free cash flow was $2.80B for FY2025 (fiscal year ending 2025-10-31), down 11.3% year-over-year The FCF margin was 5.1%. Five-year CAGR stands at -5.6%.

FY2025 Free Cash Flow$2.80B▼ -11.3% YoY

Trailing 12M (TTM)$3.78Btrailing 4 quarters sum

FCF Margin5.1%$2.80B ÷ revenue

3-Year CAGR-8.6%FY2022 → FY2025

5-Year CAGR-5.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HPQ · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.70B(897M)$2.80B▼ 11.3%5.1%

FY2024$3.75B(592M)$3.16B▲ +6.6%5.9%

FY2023$3.57B(609M)$2.96B▼ 19.3%5.5%

FY2022$4.46B(791M)$3.67B▼ 37.0%5.8%

FY2021$6.41B(582M)$5.83B▲ +56.0%9.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HPQ · P/FCF · FCF yield · FCF per share

HP Inc. (HPQ) trades at a FCF yield of 16.58% and a price-to-free-cash-flow ratio of 6.3x. FCF per share stands at $3.99, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

16.58%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.99

TTM FCF ÷ Shares Outstanding

Price / FCF

x6.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x7.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-10-31

Cash flow statement summary

HPQ · cash flow statement · operating / investing / financing

For FY2025, HP Inc. generated $3.70B in operating cash flow and spent 897M in capital expenditures, yielding $2.80B in free cash flow.

Operating Activities

+$3.70B

Cash from core business operations

2025-10-31

Investing Activities

−$1.18B

CapEx, acquisitions & investments

2025-10-31

Financing Activities

−$2.06B

Buybacks, dividends & debt

2025-10-31

FCF FormulaOperating CF ($3.70B) − |CapEx| (897M) = FCF ($2.80B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

HPQ vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

HP Inc.YOU

HPQ

$2.80B-11.3%5.1%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

HP Inc. (HPQ) reported free cash flow of $2.80B for FY2025 (fiscal year ending 2025-10-31), down 11.3% year-over-year. The FCF margin was 5.1%.

Based on available data, HP Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $8.48B in FY2014. The 5-year CAGR stands at -5.6%.

HP Inc.'s FCF yield is 16.58% and price-to-FCF ratio is 6.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HPQ free cash flow · 8 questions

HP Inc. free cash flow was $2.80B for FY2025, down 11.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.78B.

HPQ free cash flowHPQ FCFHPQ FCF 2025HPQ free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · HP Inc. · HP Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026