HP vs Supermicro
HP is the larger business, with $55.30bn of revenue in fiscal 2025 against $39.06bn for Supermicro (1.4 times as much). Supermicro grew faster (77.8% against 3.2%). Supermicro kept more of each dollar of sales as profit: a net margin of 5.7% against 4.6%.
| Latest fiscal year | HPHPQ, 2025 | SupermicroSMCI, 2026 |
|---|---|---|
| Revenue | $55.30bn | $39.06bn |
| Revenue growth | 3.2% | 77.8% |
| Net income | $2.53bn | $2.23bn |
| Operating margin | 5.7% | 7.1% |
| Net margin | 4.6% | 5.7% |
| Return on equity | — | 21.5% |
| Free cash flow | $2.80bn | −$6.97bn |
| Cash | $3.69bn | $7.52bn |
| Total debt | $9.72bn | $4.66bn |
| Debt to equity | — | 32.2% |
| Dividend per share | $1.16 | — |
| Dividend yield | 4.3% | — |
| Share buybacks | $850m | $0 |
| Employees | 55,000 | 7,000 |
| Market value | $25.16bn | $20.83bn |
| Price vs our value range | Below our value range | — |
| Moat score | 64 (Moderate) | 42 (Weak) |
| Insider trades, 12 months | 0 buys, 11 sales | 0 buys, 10 sales |