Hewlett Packard Enterprise Co
Hewlett Packard Enterprise Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | Jul 31, 2026 | — | 5.04% | — | 10.51% | 3.47% | — |
| FY 2026 Q2 | Apr 30, 2026 | — | 3.04% | — | 5.86% | 2.11% | — |
| FY 2026 Q1 | Jan 31, 2026 | — | -0.83% | — | -0.94% | -0.16% | — |
| FY 2025 Q4 | Oct 31, 2025 | — | -0.91% | — | -0.24% | 0.08% | — |
| FY 2025 Q3 | Jul 31, 2025 | 0.64% | 0.61% | -11.67% | 4.89% | 1.81% | -9.1 pp |
| FY 2025 Q2 | Apr 30, 2025 | 1.59% | 1.42% | — | 6.02% | 2.28% | -8.1 pp |
| FY 2025 Q1 | Jan 31, 2025 | 6.13% | 5.16% | — | 11.86% | 4.37% | -3.6 pp |
| FY 2024 Q4 | Oct 31, 2024 | 6.64% | 5.44% | — | 11.1% | 4.02% | -3.1 pp |
| FY 2024 Q3 | Jul 31, 2024 | 5.81% | 5.47% | — | 8.69% | 3.16% | -3.9 pp |
| FY 2024 Q2 | Apr 30, 2024 | 5.64% | 5.41% | — | 8.6% | 3.14% | -4.1 pp |
| FY 2024 Q1 | Jan 31, 2024 | 6.07% | 5.77% | 2,213.88% | 9.23% | 3.35% | -3.6 pp |
| FY 2023 Q4 | Oct 31, 2023 | 6.59% | 6.04% | 100.91% | 9.87% | 3.54% | -3.1 pp |
| FY 2023 Q3 | Jul 31, 2023 | 3.27% | 3.42% | -117.22% | 5.23% | 1.89% | -6.4 pp |
| FY 2023 Q2 | Apr 30, 2023 | 3.26% | 3.47% | — | 5.01% | 1.83% | -6.4 pp |
| FY 2023 Q1 | Jan 31, 2023 | 2.58% | 2.59% | — | 4.25% | 1.51% | -7.1 pp |
| FY 2022 Q4 | Oct 31, 2022 | 2.69% | 2.2% | — | 4.36% | 1.51% | -7 pp |
| FY 2022 Q3 | Jul 31, 2022 | 4.75% | 4.02% | — | 19.8% | 6.53% | -4.9 pp |
| FY 2022 Q2 | Apr 30, 2022 | 4.2% | 3.56% | — | 19.99% | 6.71% | -5.5 pp |
| FY 2022 Q1 | Jan 31, 2022 | 4.46% | 3.72% | — | 20.35% | 6.68% | -5.2 pp |
| FY 2021 Q4 | Oct 31, 2021 | 3.78% | 3.13% | — | 19.03% | 6.14% | -5.9 pp |
| FY 2021 Q3 | Jul 31, 2021 | — | 2.53% | — | 6.22% | 1.8% | — |
| FY 2021 Q2 | Apr 30, 2021 | — | 1.86% | — | 3.95% | 1.19% | — |
| FY 2021 Q1 | Jan 31, 2021 | — | -1.32% | — | -2.59% | -0.82% | — |
| FY 2020 Q4 | Oct 31, 2020 | — | -0.97% | — | -1.94% | -0.61% | — |
| FY 2020 Q3 | Jul 31, 2020 | -0% | -0.04% | — | 0.01% | 0% | -9.7 pp |
| FY 2020 Q2 | Apr 30, 2020 | — | -0.29% | — | -0.2% | -0.07% | — |
| FY 2020 Q1 | Jan 31, 2020 | 4.01% | 3.39% | 17.6% | 6.79% | 2.32% | -5.7 pp |
| FY 2019 Q4 | Oct 31, 2019 | 3.09% | 3.59% | — | 5.47% | 1.96% | -6.6 pp |
| FY 2019 Q3 | Jul 31, 2019 | — | 4.06% | — | -0.92% | -0.35% | — |
| FY 2019 Q2 | Apr 30, 2019 | 0.93% | 5.51% | — | 1.38% | 0.52% | -8.8 pp |
| FY 2019 Q1 | Jan 31, 2019 | 3.21% | 5.29% | — | 3.07% | 1.14% | -6.5 pp |
| FY 2018 Q4 | Oct 31, 2018 | — | 4.6% | — | 8.54% | 3.26% | — |
| FY 2018 Q3 | Jul 31, 2018 | — | 2.05% | — | 12.16% | 4.97% | — |
| FY 2018 Q2 | Apr 30, 2018 | — | 1.28% | — | 10.97% | 4.56% | — |
| FY 2018 Q1 | Jan 31, 2018 | — | 0.75% | — | 5.46% | 2.19% | — |
| FY 2017 Q4 | Oct 31, 2017 | — | 1.25% | — | 1.25% | 0.49% | — |
| FY 2017 Q3 | Jul 31, 2017 | 0.91% | 2.8% | — | 0.4% | 0.16% | -8.8 pp |
| FY 2017 Q2 | Apr 30, 2017 | 6.48% | 7.3% | — | 7.35% | 3.06% | -3.2 pp |
| FY 2017 Q1 | Jan 31, 2017 | 8.48% | 7.55% | — | 10.07% | 4.1% | -1.2 pp |
| FY 2016 Q4 | Oct 31, 2016 | — | — | — | — | — | — |
| FY 2016 Q3 | Jul 31, 2016 | — | — | — | — | — | — |
| FY 2016 Q2 | Apr 30, 2016 | — | — | — | — | — | — |
| FY 2016 Q1 | Jan 31, 2016 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.7%, rounded from the Computers / Peripherals benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · HPE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.