HP
HP 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 | 52.65% | 27.16% | — | — | 5.73% | 43 pp |
| FY 2026 Q2 | Apr 30, 2026 | 47.14% | 24.39% | — | — | 6.25% | 37.4 pp |
| FY 2026 Q1 | Jan 31, 2026 | 51.06% | 26.01% | -590.14% | — | 6.24% | 41.4 pp |
| FY 2025 Q4 | Oct 31, 2025 | 56.04% | 26.75% | -42.63% | — | 6.19% | 46.3 pp |
| FY 2025 Q3 | Jul 31, 2025 | 55.67% | 27.87% | -52.63% | — | 6.78% | 46 pp |
| FY 2025 Q2 | Apr 30, 2025 | 45.82% | 27.62% | -77.07% | — | 6.6% | 36.1 pp |
| FY 2025 Q1 | Jan 31, 2025 | 55.26% | 31.75% | — | — | 7.27% | 45.6 pp |
| FY 2024 Q4 | Oct 31, 2024 | 62.04% | 32.17% | — | — | 7.22% | 52.3 pp |
| FY 2024 Q3 | Jul 31, 2024 | 59.6% | 34.21% | — | — | 7.61% | 49.9 pp |
| FY 2024 Q2 | Apr 30, 2024 | 54.5% | 30.92% | 673.16% | — | 8.05% | 44.8 pp |
| FY 2024 Q1 | Jan 31, 2024 | — | 31.74% | — | — | 9.52% | — |
| FY 2023 Q4 | Oct 31, 2023 | — | 27.7% | — | — | 8.63% | — |
| FY 2023 Q3 | Jul 31, 2023 | 59.43% | 27.19% | -70.61% | — | 6.11% | 49.7 pp |
| FY 2023 Q2 | Apr 30, 2023 | 70.56% | 30.57% | -37.32% | — | 7% | 60.9 pp |
| FY 2023 Q1 | Jan 31, 2023 | 82.61% | 41.22% | -40.63% | — | 6.94% | 72.9 pp |
| FY 2022 Q4 | Oct 31, 2022 | 103.86% | 42.61% | -35.74% | — | 8.3% | 94.2 pp |
| FY 2022 Q3 | Jul 31, 2022 | 292.93% | 50.72% | 2.33% | — | 16.86% | 283.2 pp |
| FY 2022 Q2 | Apr 30, 2022 | 449.21% | 60.02% | 14.76% | — | 16.91% | 439.5 pp |
| FY 2022 Q1 | Jan 31, 2022 | 7,892.47% | 68.59% | 44.84% | — | 17.71% | 7,882.8 pp |
| FY 2021 Q4 | Oct 31, 2021 | 1,374.39% | 58.99% | 63.82% | — | 17.75% | 1,364.7 pp |
| FY 2021 Q3 | Jul 31, 2021 | — | 59.22% | 991.84% | — | 11.67% | — |
| FY 2021 Q2 | Apr 30, 2021 | 15,841.2% | 59.32% | — | — | 10.83% | 15,831.5 pp |
| FY 2021 Q1 | Jan 31, 2021 | — | 53.5% | — | — | 9.74% | — |
| FY 2020 Q4 | Oct 31, 2020 | — | 41.62% | — | — | 8.35% | — |
| FY 2020 Q3 | Jul 31, 2020 | — | 40.06% | — | — | 7.69% | — |
| FY 2020 Q2 | Apr 30, 2020 | — | 43.09% | — | — | 9.16% | — |
| FY 2020 Q1 | Jan 31, 2020 | — | 47.46% | — | — | 9.44% | — |
| FY 2019 Q4 | Oct 31, 2019 | — | 43.89% | — | — | 9.26% | — |
| FY 2019 Q3 | Jul 31, 2019 | — | 48.03% | — | — | 12.65% | — |
| FY 2019 Q2 | Apr 30, 2019 | — | 44.98% | — | — | 12.23% | — |
| FY 2019 Q1 | Jan 31, 2019 | — | 39.8% | — | — | 12.38% | — |
| FY 2018 Q4 | Oct 31, 2018 | — | 40.66% | — | — | 15.78% | — |
| FY 2018 Q3 | Jul 31, 2018 | — | 41.96% | — | — | 13.71% | — |
| FY 2018 Q2 | Apr 30, 2018 | — | 39.72% | — | — | 14.32% | — |
| FY 2018 Q1 | Jan 31, 2018 | — | 33.82% | — | — | 12.15% | — |
| FY 2017 Q4 | Oct 31, 2017 | — | 34% | 26.18% | — | 8.16% | — |
| FY 2017 Q3 | Jul 31, 2017 | — | 34.68% | — | — | 7.97% | — |
| FY 2017 Q2 | Apr 30, 2017 | — | 36.86% | — | — | 9.02% | — |
| FY 2017 Q1 | Jan 31, 2017 | — | 37.87% | — | — | 9.37% | — |
| FY 2016 Q4 | Oct 31, 2016 | 15.7% | 9.48% | — | 20.91% | 3.67% | 6 pp |
| FY 2016 Q3 | Jul 31, 2016 | — | 11.31% | — | 28.79% | — | — |
| FY 2016 Q2 | Apr 30, 2016 | — | 11.63% | — | 30.92% | — | — |
| FY 2016 Q1 | Jan 31, 2016 | — | 13.35% | — | 35% | — | — |
| FY 2015 Q4 | Oct 31, 2015 | 15.74% | 8.81% | -5.9% | 16.71% | 4.34% | 6 pp |
| FY 2015 Q3 | Jul 31, 2015 | 14.28% | 10.9% | — | 16.42% | — | 4.6 pp |
| FY 2015 Q2 | Apr 30, 2015 | 14.83% | 11.3% | — | 17.08% | — | 5.1 pp |
| FY 2015 Q1 | Jan 31, 2015 | 15.64% | 11.87% | — | 18.26% | — | 5.9 pp |
| FY 2014 Q4 | Oct 31, 2014 | 15.79% | 12.01% | — | 18.57% | 4.8% | 6.1 pp |
| FY 2014 Q3 | Jul 31, 2014 | — | 11.95% | — | 19.19% | — | — |
| FY 2014 Q2 | Apr 30, 2014 | — | 12.42% | — | 21.28% | — | — |
| FY 2014 Q1 | Jan 31, 2014 | — | 11.92% | — | 20.95% | — | — |
| FY 2013 Q4 | Oct 31, 2013 | 14.35% | 11.67% | — | 20.57% | 4.77% | 4.7 pp |
| FY 2013 Q3 | Jul 31, 2013 | — | -1.93% | — | -11.23% | — | — |
| FY 2013 Q2 | Apr 30, 2013 | — | -16.34% | — | -41.35% | — | — |
| FY 2013 Q1 | Jan 31, 2013 | — | -15.69% | — | -41.53% | — | — |
| FY 2012 Q4 | Oct 31, 2012 | — | -15.66% | — | -41.43% | -10.62% | — |
| FY 2012 Q3 | Jul 31, 2012 | — | -5.08% | — | -15.78% | — | — |
| FY 2012 Q2 | Apr 30, 2012 | — | 9.55% | — | 12.64% | — | — |
| FY 2012 Q1 | Jan 31, 2012 | — | 10.5% | — | 14.77% | — | — |
| FY 2011 Q4 | Oct 31, 2011 | 13.4% | 12.55% | -16.34% | 17.89% | 5.57% | 3.7 pp |
| FY 2011 Q3 | Jul 31, 2011 | — | 16.6% | — | 23.04% | 7.65% | — |
| FY 2011 Q2 | Apr 30, 2011 | — | 16.25% | — | 21.71% | 7.65% | — |
| FY 2011 Q1 | Jan 31, 2011 | — | 15.93% | — | 22.01% | 7.81% | — |
| FY 2010 Q4 | Oct 31, 2010 | 19.25% | 15.63% | 10.1% | 21.64% | 7.32% | 9.5 pp |
| FY 2010 Q3 | Jul 31, 2010 | — | 16.24% | — | — | — | — |
| FY 2010 Q2 | Apr 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q1 | Jan 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Oct 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Jul 31, 2009 | — | — | — | — | — | — |
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 · HPQ, 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.