/

Company exports

Pro company pages include CSV downloads for statements, ratios, chart data, and transcript indexes.

CSV downloads

Networking·HPE

Hewlett Packard Enterprise Company

NYSE · US

Enterprise infrastructure company with HPE Aruba Networking and HPE Juniper Networking portfolios.

AI relevance

Public parent for Juniper and Aruba switching, routing, wireless, and AI-driven network operations.

Networking Integration Switching Other

Price

$47.41

Change

-0.79 (-1.64%)

Market cap

$62.8B

52w range

$17–$64

Exchange

NYSE

Country

Jason's Chips

Subscribe or sign in with your Substack email for charts, exports, estimates, transcripts, filings, earnings, and news.

Subscribe to Jason's Chips Sign in

Price chart

HPE market performance

Daily close for Hewlett Packard Enterprise Company

Latest close: $47.41
Range move: +$29.63 (+166.6%)
Range high: $56.15
Range low: $17.78
Latest volume: 47.4M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

Download

Transcript list

42 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetHold

Analyst expectations

Consensus target

$69.27

+46.1%

Target range

$62.00 - $80.00

Rating mix

Hold

39 ratings

Next FY revenue

$44.91B

2026-10-31

Next FY EPS

$3.41

$3.35 - $3.45

Rating consensus39 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-31	$44.91B	$44.29B - $45.40B	$3.41	$3.35 - $3.45	$7.29B	$3.37B	$4.51B	$7.71B	13 rev / 10 EPS
2027-10-31	$49.80B	$48.88B - $50.63B	$4.01	$3.87 - $4.15	$8.08B	$3.74B	$5.31B	$8.55B	13 rev / 11 EPS
2028-10-31	$52.45B	$52.17B - $52.73B	$4.38	$3.51 - $4.87	$8.51B	$3.94B	$5.55B	$9.00B	11 rev / 4 EPS
2029-10-31	$59.49B	$58.38B - $60.49B	$5.09	$4.97 - $5.20	$9.66B	$4.46B	$6.74B	$10.21B	5 rev / 2 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-07-30	$11.91B	$11.59B - $12.18B	$0.92	$0.89 - $0.95	$1.93B	$893.7M	$1.32B	$2.04B	10 rev / 11 EPS
2026-10-30	$12.95B	$10.68B - $13.67B	$1.05	$1.01 - $1.11	$2.10B	$971.6M	$1.51B	$2.22B	10 rev / 11 EPS
2027-01-30	$11.71B	$10.89B - $12.15B	$0.92	$0.84 - $0.97	$1.90B	$878.9M	$1.32B	$2.01B	5 rev / 4 EPS
2027-04-30	$12.14B	$11.29B - $12.59B	$0.96	$0.87 - $1.00	$1.97B	$911.2M	$1.37B	$2.08B	5 rev / 4 EPS
2027-07-30	$12.62B	$11.73B - $13.08B	$1.04	$0.94 - $1.09	$2.05B	$946.7M	$1.49B	$2.17B	5 rev / 6 EPS
2027-10-30	$13.07B	$12.15B - $13.55B	$1.10	$1.00 - $1.15	$2.12B	$980.6M	$1.58B	$2.24B	5 rev / 9 EPS
2028-01-30	$11.65B	$10.84B - $12.08B	$0.92	$0.84 - $0.96	$1.89B	$874.2M	$1.32B	$2.00B	4 rev / 5 EPS
2028-04-30	$12.42B	$11.55B - $12.88B	$1.00	$0.91 - $1.05	$2.02B	$932.0M	$1.43B	$2.13B	4 rev / 5 EPS

Price target history

Window	Targets	Average target
Last month	15	$69.27
Last quarter	19	$61.95
Last year	29	$49.83
All time	74	$31.22

Sources: StreetInsider, TheFly, Benzinga, Pulse 2.0, Investing, Barrons, TipRanks

Latest grade actions

Date	Firm	Action	Previous	New
2026-06-03	Goldman Sachs	Maintain	Buy	Buy
2026-06-03	Argus Research	Maintain	Buy	Buy
2026-06-02	B of A Securities	Maintain	Buy	Buy
2026-06-02	Susquehanna	Maintain	Neutral	Neutral
2026-06-02	JP Morgan	Maintain	Overweight	Overweight
2026-06-02	Loop Capital	Upgrade	Hold	Buy
2026-06-02	Citigroup	Maintain	Buy	Buy
2026-06-02	Raymond James	Maintain	Outperform	Outperform

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-06-01	4	9	11	1	1
2026-05-01	3	8	12	1	1
2026-04-01	3	9	12	0	0
2026-03-01	3	9	12	0	0
2026-02-01	3	8	12	0	0
2026-01-01	3	8	12	0	0
2025-12-01	3	7	12	0	0
2025-11-01	3	8	12	0	0

FinancialsFY 2025

Financials

Revenue

$34.30B

Gross margin

28.8%

Operating income

$1.64B

Free cash flow

$627.0M

Cash + ST investments

$5.77B

Net debt

$18.30B

ROE

0.2%

ROIC

-0.6%

EV / sales

1.5x

EV / EBITDA

19.3x

R&D / revenue

7.3%

Current ratio

1.0x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$34.30B	$9.87B	28.8%	$2.52B	$1.64B	$2.63B	$57.0M	$-0.04
FY 2024	$30.07B	$9.55B	31.8%	$2.25B	$2.44B	$5.56B	$2.58B	$1.95
FY 2023	$29.11B	$9.92B	34.1%	$2.35B	$2.41B	$4.85B	$2.02B	$1.56
FY 2022	$28.11B	$8.82B	31.4%	$2.04B	$1.84B	$4.40B	$868.0M	$0.67
FY 2021	$27.86B	$9.10B	32.7%	$1.98B	$2.19B	$6.32B	$3.43B	$2.62
FY 2020	$26.94B	$8.05B	29.9%	$1.87B	$1.55B	$2.44B	-$322.0M	$-0.25
FY 2019	$28.90B	$8.99B	31.1%	$1.84B	$2.24B	$4.40B	$1.05B	$0.78
FY 2018	$30.88B	$8.96B	29.0%	$1.66B	$2.37B	$3.13B	$1.91B	$1.25
FY 2017	$28.94B	$8.44B	29.2%	$1.49B	$2.01B	$3.82B	$344.0M	$0.21
FY 2016	$30.33B	$9.55B	31.5%	$2.30B	$2.46B	$7.93B	$3.16B	$1.84
FY 2015	$51.83B	$13.80B	26.6%	$2.34B	$3.22B	$5.45B	$2.46B	$1.36
FY 2014	$55.13B	$14.73B	26.7%	$2.20B	$3.83B	$6.43B	$1.65B	$0.92

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$2.92B	$2.29B	$627.0M
FY 2024	$4.34B	$2.37B	$1.97B
FY 2023	$4.43B	$2.83B	$1.60B
FY 2022	$4.59B	$3.12B	$1.47B
FY 2021	$5.87B	$2.50B	$3.37B
FY 2020	$2.24B	$2.38B	-$143.0M
FY 2019	$4.00B	$2.86B	$1.14B
FY 2018	$2.96B	$2.96B	$8.0M
FY 2017	$889.0M	$3.14B	-$2.25B
FY 2016	$4.96B	$3.28B	$1.68B
FY 2015	$3.66B	$3.34B	$317.0M
FY 2014	$6.91B	$3.62B	$3.29B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$5.77B	$9.12B	$6.35B	$6.00B	$75.91B	$24.08B	$18.30B	$51.15B	$24.69B
FY 2024	$14.85B	$7.42B	$7.81B	$7.07B	$71.26B	$19.82B	$4.97B	$46.38B	$24.82B
FY 2023	$4.27B	$7.02B	$4.61B	$6.97B	$57.15B	$13.52B	$9.24B	$35.91B	$21.18B
FY 2022	$4.16B	$7.62B	$5.16B	$6.64B	$57.12B	$13.48B	$9.32B	$37.21B	$19.86B
FY 2021	$4.00B	$7.91B	$4.51B	$6.50B	$57.70B	$14.58B	$10.58B	$37.68B	$19.97B
FY 2020	$4.62B	$7.87B	$2.67B	$6.55B	$54.02B	$17.03B	$12.41B	$37.92B	$16.05B
FY 2019	$3.75B	$6.53B	$2.39B	$6.05B	$51.80B	$13.82B	$10.07B	$34.65B	$17.10B
FY 2018	$4.88B	$8.94B	$2.45B	$6.14B	$55.49B	$12.14B	$7.26B	$34.22B	$21.24B
FY 2017	$9.58B	$8.46B	$2.31B	$6.27B	$61.41B	$14.03B	$4.45B	$37.90B	$23.47B
FY 2016	$12.99B	$8.26B	$1.77B	$6.38B	$79.68B	$15.69B	$2.71B	$48.16B	$31.45B
FY 2015	$9.84B	$14.99B	$2.20B	$9.89B	$81.27B	$15.79B	$5.95B	$47.35B	$33.53B
FY 2014	$2.32B	$13.34B	$1.88B	$8.52B	$65.07B	$1.38B	-$940.0M	$27.90B	$36.78B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	28.8%	4.8%	0.2%	1.0x	0.8x	0.2%	-0.6%	1.5x	19.3x	1.9%	7.3%	76d
FY 2024	31.8%	8.1%	8.6%	1.3x	1.0x	10.4%	4.2%	1.0x	5.5x	7.7%	7.5%	32d
FY 2023	34.1%	8.3%	7.0%	0.9x	0.7x	9.6%	5.4%	1.0x	6.0x	8.0%	8.1%	40d
FY 2022	31.4%	6.5%	3.1%	0.9x	0.7x	4.4%	4.7%	1.0x	6.3x	7.9%	7.3%	32d
FY 2021	32.7%	7.9%	12.3%	0.9x	0.7x	17.2%	5.1%	1.1x	4.8x	17.2%	7.1%	55d
FY 2020	29.9%	5.8%	-1.2%	0.9x	0.7x	-2.0%	2.9%	0.9x	9.7x	-1.3%	7.0%	54d
FY 2019	31.1%	7.8%	3.6%	0.8x	0.7x	6.1%	4.1%	1.1x	7.3x	5.1%	6.4%	24d
FY 2018	29.0%	7.7%	6.2%	1.0x	0.9x	9.0%	5.9%	1.0x	9.8x	0.0%	5.4%	45d
FY 2017	29.2%	7.0%	1.2%	1.1x	1.0x	1.5%	4.3%	0.9x	7.2x	-9.8%	5.1%	40d
FY 2016	31.5%	8.1%	10.4%	1.3x	1.2x	10.1%	3.4%	0.8x	3.2x	7.5%	7.6%	44d
FY 2015	26.6%	6.2%	4.7%	1.4x	1.3x	7.3%	5.5%	0.4x	3.9x	2.1%	4.5%	71d
FY 2014	26.7%	6.9%	3.0%	1.1x	1.0x	4.5%	6.1%	0.3x	2.5x	19.0%	4.0%	61d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+14.1%	+3.3%	+12.1%	-32.5%	-97.8%	-102.3%	-68.2%	+3.2%	-61.1%	-18.7%	+6.5%	+21.5%
FY 2024	+3.3%	-3.7%	-4.4%	+0.9%	+27.4%	+25.0%	+23.4%	+16.3%	+247.7%	+69.5%	+24.7%	+46.6%
FY 2023	+3.6%	+12.4%	+14.9%	+31.3%	+133.3%	+132.8%	+8.8%	+9.4%	+2.6%	-10.7%	+0.1%	+0.2%
FY 2022	+0.9%	-3.1%	+3.3%	-16.2%	-74.7%	-74.4%	-56.3%	-24.8%	+4.2%	+14.4%	-1.0%	-7.5%
FY 2021	+3.4%	+13.1%	+5.6%	+41.2%	+1164.3%	+1148.0%	+2455.9%	-5.0%	-13.5%	+68.7%	+6.8%	-14.4%
FY 2020	-6.8%	-10.5%	+1.7%	-30.7%	-130.7%	-132.1%	-112.5%	+16.6%	+23.1%	+12.0%	+4.3%	+23.2%
FY 2019	-6.4%	+0.4%	+10.8%	-5.4%	-45.0%	-37.6%	+14162.5%	+3.4%	-23.1%	-2.5%	-6.6%	+13.8%
FY 2018	+6.7%	+6.2%	+11.9%	+17.9%	+454.7%	+495.2%	+100.4%	+5.8%	-49.1%	+5.7%	-9.6%	-13.5%
FY 2017	-4.6%	-11.6%	-35.3%	-18.0%	-89.1%	-88.6%	-234.0%	+4.4%	-26.2%	+30.5%	-22.9%	-10.6%
FY 2016	-41.5%	-30.8%	-1.7%	-23.8%	+28.4%	+35.3%	+429.3%	+1.9%	+32.0%	-19.3%	-2.0%	-0.6%
FY 2015	-6.0%	-6.3%	+6.4%	-15.8%	+49.3%	+47.8%	-90.4%	+7.6%	+324.4%	+16.7%	+24.9%	+1045.3%
FY 2014	-3.8%	+1.8%	+12.3%	-2.2%	-19.6%	-19.3%	-47.3%	-45.0%	+6.3%	-9.3%	-5.4%	-17.7%

SegmentsFY 2025

Revenue Mix

Period	Total	Enterprise Group	Compute Segment	Hybrid IT	Financial Services	Server Segment	Intelligent Edge	Storage Segment	High Performance Compute and Mission Critical Systems Segment	Hybrid Cloud	Networking	Software Services	Corporate Investments	Advisory and Professional Services Segment	Intersegment Eliminations
FY 2025	$34.30B	--	--	--	$3.51B	$17.75B	--	--	--	$5.75B	$6.85B	--	$776.0M	--	-$333.0M
FY 2024	$30.13B	--	--	--	$3.51B	$15.93B	$4.50B	--	--	$5.17B	--	--	$1.01B	--	--
FY 2023	$29.14B	--	$11.13B	--	$3.47B	--	$5.19B	$4.33B	$3.77B	--	--	--	$1.25B	--	--
FY 2022	$28.50B	--	$12.74B	--	$3.34B	--	$3.67B	$4.71B	$3.19B	--	--	--	$1.25B	--	-$417.0M
FY 2021	$27.78B	--	$12.29B	--	$3.40B	--	$3.29B	$4.76B	$3.19B	--	--	--	$1.36B	--	-$503.0M
FY 2020	$27.58B	--	$12.21B	--	$3.35B	--	$2.85B	$4.68B	$3.04B	--	--	--	$490.0M	$951.0M	--
FY 2019	$29.75B	--	--	$22.82B	$3.58B	--	$2.84B	--	--	--	--	--	$507.0M	--	--
FY 2018	$31.63B	--	--	$25.03B	$3.67B	--	$2.93B	--	--	--	--	--	-$1.0M	--	--
FY 2017	$29.82B	$26.21B	--	--	$3.60B	--	--	--	--	--	--	--	$3.0M	--	--
FY 2016	$52.48B	$46.09B	--	--	$3.19B	--	--	--	--	--	--	$3.19B	$3.0M	--	--
FY 2015	$54.56B	$47.71B	--	--	$3.22B	--	--	--	--	--	--	$3.62B	$7.0M	--	--

Period	Total	Americas	EMEA	Other Countries	Asia Pacific and Japan	UNITED STATES	Non-US	U	G	UNITED KINGDOM
FY 2025	$34.30B	$15.85B	$11.51B	--	$6.94B	--	--	--	--	--
FY 2024	$30.13B	$13.23B	$10.19B	--	$6.70B	--	--	--	--	--
FY 2023	$29.14B	$12.58B	$10.15B	--	$6.41B	--	--	--	--	--
FY 2022	$28.50B	$11.39B	$10.29B	--	$6.82B	--	--	--	--	--
FY 2021	$27.78B	$10.68B	$10.33B	--	$6.78B	--	--	--	--	--
FY 2020	$26.98B	$10.86B	$9.74B	--	$6.38B	--	--	--	--	--
FY 2019	$29.14B	$11.50B	$10.83B	--	$6.80B	--	--	--	--	--
FY 2018	$30.85B	--	--	--	--	$10.19B	$20.66B	--	--	--
FY 2017	$28.87B	--	--	--	--	$9.91B	$18.96B	--	--	--
FY 2016	$50.12B	--	--	$25.47B	--	$19.58B	--	--	--	$5.07B
FY 2015	$52.11B	--	--	$26.66B	--	--	--	$20.06B	$5.38B	--

Transcripts

Events

Next earnings

2026-09-02EPS est $0.92

Recent filings

11-K2026-06-16
42026-06-04
1442026-06-03

Latest news

3 AI Tech Stocks That Just Crushed Earnings: Are They Still Buys for the Long Term?
The Motley Fool · 2026-06-21
4 High-Potential PEG Value Stocks That You Can Buy Today
Zacks Investment Research · 2026-06-18

Analyst expectations

Consensus target

$69.27

+46.1%

Target range

$62.00 - $80.00

Rating mix

Hold

39 ratings

Next FY revenue

$44.91B

2026-10-31

Next FY EPS

$3.41

$3.35 - $3.45

Rating consensus39 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-31	$44.91B	$44.29B - $45.40B	$3.41	$3.35 - $3.45	$7.29B	$3.37B	$4.51B	$7.71B	13 rev / 10 EPS
2027-10-31	$49.80B	$48.88B - $50.63B	$4.01	$3.87 - $4.15	$8.08B	$3.74B	$5.31B	$8.55B	13 rev / 11 EPS
2028-10-31	$52.45B	$52.17B - $52.73B	$4.38	$3.51 - $4.87	$8.51B	$3.94B	$5.55B	$9.00B	11 rev / 4 EPS
2029-10-31	$59.49B	$58.38B - $60.49B	$5.09	$4.97 - $5.20	$9.66B	$4.46B	$6.74B	$10.21B	5 rev / 2 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-07-30	$11.91B	$11.59B - $12.18B	$0.92	$0.89 - $0.95	$1.93B	$893.7M	$1.32B	$2.04B	10 rev / 11 EPS
2026-10-30	$12.95B	$10.68B - $13.67B	$1.05	$1.01 - $1.11	$2.10B	$971.6M	$1.51B	$2.22B	10 rev / 11 EPS
2027-01-30	$11.71B	$10.89B - $12.15B	$0.92	$0.84 - $0.97	$1.90B	$878.9M	$1.32B	$2.01B	5 rev / 4 EPS
2027-04-30	$12.14B	$11.29B - $12.59B	$0.96	$0.87 - $1.00	$1.97B	$911.2M	$1.37B	$2.08B	5 rev / 4 EPS
2027-07-30	$12.62B	$11.73B - $13.08B	$1.04	$0.94 - $1.09	$2.05B	$946.7M	$1.49B	$2.17B	5 rev / 6 EPS
2027-10-30	$13.07B	$12.15B - $13.55B	$1.10	$1.00 - $1.15	$2.12B	$980.6M	$1.58B	$2.24B	5 rev / 9 EPS
2028-01-30	$11.65B	$10.84B - $12.08B	$0.92	$0.84 - $0.96	$1.89B	$874.2M	$1.32B	$2.00B	4 rev / 5 EPS
2028-04-30	$12.42B	$11.55B - $12.88B	$1.00	$0.91 - $1.05	$2.02B	$932.0M	$1.43B	$2.13B	4 rev / 5 EPS

Price target history

Window	Targets	Average target
Last month	15	$69.27
Last quarter	19	$61.95
Last year	29	$49.83
All time	74	$31.22

Sources: StreetInsider, TheFly, Benzinga, Pulse 2.0, Investing, Barrons, TipRanks

Latest grade actions

Date	Firm	Action	Previous	New
2026-06-03	Goldman Sachs	Maintain	Buy	Buy
2026-06-03	Argus Research	Maintain	Buy	Buy
2026-06-02	B of A Securities	Maintain	Buy	Buy
2026-06-02	Susquehanna	Maintain	Neutral	Neutral
2026-06-02	JP Morgan	Maintain	Overweight	Overweight
2026-06-02	Loop Capital	Upgrade	Hold	Buy
2026-06-02	Citigroup	Maintain	Buy	Buy
2026-06-02	Raymond James	Maintain	Outperform	Outperform

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-06-01	4	9	11	1	1
2026-05-01	3	8	12	1	1
2026-04-01	3	9	12	0	0
2026-03-01	3	9	12	0	0
2026-02-01	3	8	12	0	0
2026-01-01	3	8	12	0	0
2025-12-01	3	7	12	0	0
2025-11-01	3	8	12	0	0

Financials

Revenue

$34.30B

Gross margin

28.8%

Operating income

$1.64B

Free cash flow

$627.0M

Cash + ST investments

$5.77B

Net debt

$18.30B

ROE

0.2%

ROIC

-0.6%

EV / sales

1.5x

EV / EBITDA

19.3x

R&D / revenue

7.3%

Current ratio

1.0x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$34.30B	$9.87B	28.8%	$2.52B	$1.64B	$2.63B	$57.0M	$-0.04
FY 2024	$30.07B	$9.55B	31.8%	$2.25B	$2.44B	$5.56B	$2.58B	$1.95
FY 2023	$29.11B	$9.92B	34.1%	$2.35B	$2.41B	$4.85B	$2.02B	$1.56
FY 2022	$28.11B	$8.82B	31.4%	$2.04B	$1.84B	$4.40B	$868.0M	$0.67
FY 2021	$27.86B	$9.10B	32.7%	$1.98B	$2.19B	$6.32B	$3.43B	$2.62
FY 2020	$26.94B	$8.05B	29.9%	$1.87B	$1.55B	$2.44B	-$322.0M	$-0.25
FY 2019	$28.90B	$8.99B	31.1%	$1.84B	$2.24B	$4.40B	$1.05B	$0.78
FY 2018	$30.88B	$8.96B	29.0%	$1.66B	$2.37B	$3.13B	$1.91B	$1.25
FY 2017	$28.94B	$8.44B	29.2%	$1.49B	$2.01B	$3.82B	$344.0M	$0.21
FY 2016	$30.33B	$9.55B	31.5%	$2.30B	$2.46B	$7.93B	$3.16B	$1.84
FY 2015	$51.83B	$13.80B	26.6%	$2.34B	$3.22B	$5.45B	$2.46B	$1.36
FY 2014	$55.13B	$14.73B	26.7%	$2.20B	$3.83B	$6.43B	$1.65B	$0.92

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$2.92B	$2.29B	$627.0M
FY 2024	$4.34B	$2.37B	$1.97B
FY 2023	$4.43B	$2.83B	$1.60B
FY 2022	$4.59B	$3.12B	$1.47B
FY 2021	$5.87B	$2.50B	$3.37B
FY 2020	$2.24B	$2.38B	-$143.0M
FY 2019	$4.00B	$2.86B	$1.14B
FY 2018	$2.96B	$2.96B	$8.0M
FY 2017	$889.0M	$3.14B	-$2.25B
FY 2016	$4.96B	$3.28B	$1.68B
FY 2015	$3.66B	$3.34B	$317.0M
FY 2014	$6.91B	$3.62B	$3.29B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$5.77B	$9.12B	$6.35B	$6.00B	$75.91B	$24.08B	$18.30B	$51.15B	$24.69B
FY 2024	$14.85B	$7.42B	$7.81B	$7.07B	$71.26B	$19.82B	$4.97B	$46.38B	$24.82B
FY 2023	$4.27B	$7.02B	$4.61B	$6.97B	$57.15B	$13.52B	$9.24B	$35.91B	$21.18B
FY 2022	$4.16B	$7.62B	$5.16B	$6.64B	$57.12B	$13.48B	$9.32B	$37.21B	$19.86B
FY 2021	$4.00B	$7.91B	$4.51B	$6.50B	$57.70B	$14.58B	$10.58B	$37.68B	$19.97B
FY 2020	$4.62B	$7.87B	$2.67B	$6.55B	$54.02B	$17.03B	$12.41B	$37.92B	$16.05B
FY 2019	$3.75B	$6.53B	$2.39B	$6.05B	$51.80B	$13.82B	$10.07B	$34.65B	$17.10B
FY 2018	$4.88B	$8.94B	$2.45B	$6.14B	$55.49B	$12.14B	$7.26B	$34.22B	$21.24B
FY 2017	$9.58B	$8.46B	$2.31B	$6.27B	$61.41B	$14.03B	$4.45B	$37.90B	$23.47B
FY 2016	$12.99B	$8.26B	$1.77B	$6.38B	$79.68B	$15.69B	$2.71B	$48.16B	$31.45B
FY 2015	$9.84B	$14.99B	$2.20B	$9.89B	$81.27B	$15.79B	$5.95B	$47.35B	$33.53B
FY 2014	$2.32B	$13.34B	$1.88B	$8.52B	$65.07B	$1.38B	-$940.0M	$27.90B	$36.78B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	28.8%	4.8%	0.2%	1.0x	0.8x	0.2%	-0.6%	1.5x	19.3x	1.9%	7.3%	76d
FY 2024	31.8%	8.1%	8.6%	1.3x	1.0x	10.4%	4.2%	1.0x	5.5x	7.7%	7.5%	32d
FY 2023	34.1%	8.3%	7.0%	0.9x	0.7x	9.6%	5.4%	1.0x	6.0x	8.0%	8.1%	40d
FY 2022	31.4%	6.5%	3.1%	0.9x	0.7x	4.4%	4.7%	1.0x	6.3x	7.9%	7.3%	32d
FY 2021	32.7%	7.9%	12.3%	0.9x	0.7x	17.2%	5.1%	1.1x	4.8x	17.2%	7.1%	55d
FY 2020	29.9%	5.8%	-1.2%	0.9x	0.7x	-2.0%	2.9%	0.9x	9.7x	-1.3%	7.0%	54d
FY 2019	31.1%	7.8%	3.6%	0.8x	0.7x	6.1%	4.1%	1.1x	7.3x	5.1%	6.4%	24d
FY 2018	29.0%	7.7%	6.2%	1.0x	0.9x	9.0%	5.9%	1.0x	9.8x	0.0%	5.4%	45d
FY 2017	29.2%	7.0%	1.2%	1.1x	1.0x	1.5%	4.3%	0.9x	7.2x	-9.8%	5.1%	40d
FY 2016	31.5%	8.1%	10.4%	1.3x	1.2x	10.1%	3.4%	0.8x	3.2x	7.5%	7.6%	44d
FY 2015	26.6%	6.2%	4.7%	1.4x	1.3x	7.3%	5.5%	0.4x	3.9x	2.1%	4.5%	71d
FY 2014	26.7%	6.9%	3.0%	1.1x	1.0x	4.5%	6.1%	0.3x	2.5x	19.0%	4.0%	61d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+14.1%	+3.3%	+12.1%	-32.5%	-97.8%	-102.3%	-68.2%	+3.2%	-61.1%	-18.7%	+6.5%	+21.5%
FY 2024	+3.3%	-3.7%	-4.4%	+0.9%	+27.4%	+25.0%	+23.4%	+16.3%	+247.7%	+69.5%	+24.7%	+46.6%
FY 2023	+3.6%	+12.4%	+14.9%	+31.3%	+133.3%	+132.8%	+8.8%	+9.4%	+2.6%	-10.7%	+0.1%	+0.2%
FY 2022	+0.9%	-3.1%	+3.3%	-16.2%	-74.7%	-74.4%	-56.3%	-24.8%	+4.2%	+14.4%	-1.0%	-7.5%
FY 2021	+3.4%	+13.1%	+5.6%	+41.2%	+1164.3%	+1148.0%	+2455.9%	-5.0%	-13.5%	+68.7%	+6.8%	-14.4%
FY 2020	-6.8%	-10.5%	+1.7%	-30.7%	-130.7%	-132.1%	-112.5%	+16.6%	+23.1%	+12.0%	+4.3%	+23.2%
FY 2019	-6.4%	+0.4%	+10.8%	-5.4%	-45.0%	-37.6%	+14162.5%	+3.4%	-23.1%	-2.5%	-6.6%	+13.8%
FY 2018	+6.7%	+6.2%	+11.9%	+17.9%	+454.7%	+495.2%	+100.4%	+5.8%	-49.1%	+5.7%	-9.6%	-13.5%
FY 2017	-4.6%	-11.6%	-35.3%	-18.0%	-89.1%	-88.6%	-234.0%	+4.4%	-26.2%	+30.5%	-22.9%	-10.6%
FY 2016	-41.5%	-30.8%	-1.7%	-23.8%	+28.4%	+35.3%	+429.3%	+1.9%	+32.0%	-19.3%	-2.0%	-0.6%
FY 2015	-6.0%	-6.3%	+6.4%	-15.8%	+49.3%	+47.8%	-90.4%	+7.6%	+324.4%	+16.7%	+24.9%	+1045.3%
FY 2014	-3.8%	+1.8%	+12.3%	-2.2%	-19.6%	-19.3%	-47.3%	-45.0%	+6.3%	-9.3%	-5.4%	-17.7%

Revenue Mix