HP vs Sandisk
HP is the larger business, with $55.30bn of revenue in fiscal 2025 against $20.25bn for Sandisk (2.7 times as much). Sandisk grew faster (175.3% against 3.2%). Sandisk kept more of each dollar of sales as profit: a net margin of 56.5% against 4.6%.
| Latest fiscal year | HPHPQ, 2025 | SandiskSNDK, 2026 |
|---|---|---|
| Revenue | $55.30bn | $20.25bn |
| Revenue growth | 3.2% | 175.3% |
| Net income | $2.53bn | $11.43bn |
| Operating margin | 5.7% | 61.2% |
| Net margin | 4.6% | 56.5% |
| Return on equity | — | 91.6% |
| Free cash flow | $2.80bn | $11.49bn |
| Cash | $3.69bn | $4.76bn |
| Total debt | $9.72bn | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | $1.16 | — |
| Dividend yield | 4.3% | — |
| Share buybacks | $850m | $4.52bn |
| Employees | 55,000 | — |
| Market value | $25.16bn | $160.42bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 64 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 11 sales | 0 buys, 76 sales |