Filing Flows › Comparisons › HPQ vs HPE
HP vs Hewlett Packard Enterprise: HPQ and HPE compared
HP is the larger company: $15.7B of revenue in its latest quarter (Q3 FY26) against $12.2B for Hewlett Packard Enterprise (Q3 FY26). Hewlett Packard Enterprise is growing faster (+34% against +12% a year earlier). Hewlett Packard Enterprise is more profitable, with an operating margin of 11.4% against 5.7%.
Where the money goes: HPQ and HPE
HP (HPQ) · Q3 FY26
HP, Q3 FY26: revenue $15.7B (+12% year over year), operating margin 5.7%, net earnings $661M, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
Hewlett Packard Enterprise (HPE) · Q3 FY26
Hewlett Packard Enterprise, Q3 FY26: revenue $12.2B (+34% year over year), operating margin 11.4%, net earnings $1.5B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| HP (HPQ) | Hewlett Packard Enterprise (HPE) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 FY26 |
| Revenue | $15.7B | $12.2B |
| Revenue growth, Y/Y | +12% | +34% |
| Gross margin | 18.8% | — |
| Operating margin | 5.7% | 11.4% |
| Net earnings | $661M | $1.5B |
| Net margin | 4.2% | 12.6% |
| Operating cash flow | $1.7B | $1.6B |
| Free cash flow | $1.5B | $958M |
| Market value | $26.4B | $64.0B |
| P/E | 10.8× | 22.9× |
| Analysts’ mean target | $27.44 | $72.20 |
Where the revenue comes from
HP
- Products: $14.8B (95%)
- Services: $852M (5%)
Hewlett Packard Enterprise
- Cloud & AI: $9.0B (74%)
- Networking: $2.9B (24%)
- Corporate Investments and Other: $278M (2%)
Questions
Which is bigger, HP or Hewlett Packard Enterprise?
HP is the larger company: $15.7B of revenue in its latest quarter (Q3 FY26) against $12.2B for Hewlett Packard Enterprise (Q3 FY26).
Is HP or Hewlett Packard Enterprise growing faster?
Hewlett Packard Enterprise is growing faster (+34% against +12% a year earlier).
Which is more profitable, HP or Hewlett Packard Enterprise?
Hewlett Packard Enterprise is more profitable, with an operating margin of 11.4% against 5.7%.
More: HP earnings · how HP makes money · Hewlett Packard Enterprise earnings · how Hewlett Packard Enterprise makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-Q filed Sep 3, 2026). Fiscal quarters can end on different dates. Not investment advice.