AAPL vs HPQ
Apple Inc. and HP Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AAPL | HPQ |
|---|---|---|
| Revenue | $416.2B | $55.3B |
| Net income | $112.0B | $2.5B |
| Gross margin | 46.9% | 20.6% |
| Net margin | 26.9% | 4.6% |
| Return on equity | 171.4% | · |
| Diluted EPS | $7.46 | $2.65 |
| Dividend / share | $1.02 | $1.16 |
| Payout ratio | 13.8% | 43.0% |
| Free cash flow | $98.8B | $2.8B |
| Equity | $73.7B | $-346.0M |
| Net debt / equity | 0.74× | · |
| Current ratio | 0.89× | 0.77× |
| Revenue CAGR 5y | 8.7% | −0.5% |
| Profit CAGR 5y | 14.3% | −2.1% |
AAPL bills 7.5× the revenue of HPQ, and keeps more of each dollar of revenue as profit (26.9% against 4.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AAPL | HPQ |
|---|---|---|
| FY2025 | $416.2B | $55.3B |
| FY2024 | $391.0B | $53.6B |
| FY2023 | $383.3B | $53.7B |
| FY2022 | $394.3B | $62.9B |
| FY2021 | $365.8B | $63.5B |
| FY2020 | $274.5B | $56.6B |
| FY2019 | $260.2B | $58.8B |
| FY2018 | $265.6B | $58.5B |
| FY2017 | $229.2B | $52.1B |
| FY2016 | $215.6B | $48.2B |
Bottom line
| Fiscal year | AAPL | HPQ |
|---|---|---|
| FY2025 | $112.0B | $2.5B |
| FY2024 | $93.7B | $2.8B |
| FY2023 | $97.0B | $3.3B |
| FY2022 | $99.8B | $3.1B |
| FY2021 | $94.7B | $6.5B |
| FY2020 | $57.4B | $2.8B |
| FY2019 | $55.3B | $3.2B |
| FY2018 | $59.5B | $5.3B |
| FY2017 | $48.4B | $2.5B |
| FY2016 | $45.7B | $2.5B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$360,866,000,000 | AAPL |
| FY2024 | +$337,476,000,000 | AAPL |
| FY2023 | +$329,567,000,000 | AAPL |
| FY2022 | +$331,418,000,000 | AAPL |
| FY2021 | +$302,357,000,000 | AAPL |
| FY2020 | +$217,877,000,000 | AAPL |
| FY2019 | +$201,418,000,000 | AAPL |
| FY2018 | +$207,123,000,000 | AAPL |
| FY2017 | +$177,178,000,000 | AAPL |
| FY2016 | +$167,401,000,000 | AAPL |
| FY2015 | +$182,252,000,000 | AAPL |
| FY2014 | +$126,144,000,000 | AAPL |
| FY2013 | +$58,612,000,000 | AAPL |
| FY2012 | +$36,151,000,000 | AAPL |
| FY2011 | −$18,996,000,000 | HPQ |
| FY2010 | −$60,808,000,000 | HPQ |
| FY2009 | −$71,647,000,000 | HPQ |
| FY2008 | −$80,873,000,000 | HPQ |
| FY2007 | −$79,708,000,000 | HPQ |
The higher-revenue side has changed between AAPL and HPQ over this period. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +22.3 pp | AAPL |
| FY2024 | +18.8 pp | AAPL |
| FY2023 | +19.2 pp | AAPL |
| FY2022 | +20.3 pp | AAPL |
| FY2021 | +15.6 pp | AAPL |
| FY2020 | +15.9 pp | AAPL |
| FY2019 | +15.9 pp | AAPL |
| FY2018 | +13.3 pp | AAPL |
| FY2017 | +16.2 pp | AAPL |
| FY2016 | +16.0 pp | AAPL |
| FY2015 | +14.0 pp | AAPL |
| FY2014 | +12.8 pp | AAPL |
| FY2013 | +17.1 pp | AAPL |
| FY2012 | +37.2 pp | AAPL |
| FY2011 | +18.4 pp | AAPL |
| FY2010 | +14.5 pp | AAPL |
| FY2009 | +12.4 pp | AAPL |
| FY2008 | +9.3 pp | AAPL |
| FY2007 | +7.3 pp | AAPL |
AAPL has kept the higher net margin in every one of these 19 fiscal years.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HPQ's net margin has been more volatile than AAPL's over the 19 comparable fiscal years — 4.1 percentage points of standard deviation against 3.2.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AAPL led in net margin in every one of the 19 comparable fiscal years — a structural lead, not a recent swing.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HPQ's return on equity has been more volatile than AAPL's over the 9 comparable fiscal years — 19.2 percentage points of standard deviation against 6.6.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AAPL led in return on equity in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 19 comparable fiscal years — a year missing data on either side is not counted.