HPE vs IBM
Hewlett Packard Enterprise Company and International Business Machines Corporation, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | HPE | IBM |
|---|---|---|
| Revenue | $34.3B | $67.5B |
| Net income | $57.0M | $10.6B |
| Gross margin | 54.4% | 58.2% |
| Net margin | 0.2% | 15.7% |
| Return on equity | 0.2% | 35.3% |
| Diluted EPS | $0.04 | $11.17 |
| Dividend / share | $0.52 | $6.71 |
| Payout ratio | 1200.0% | 59.0% |
| Free cash flow | $627.0M | $12.1B |
| Equity | $24.7B | $32.6B |
| Net debt / equity | 0.80× | 1.46× |
| Current ratio | 1.01× | 0.96× |
| Revenue CAGR 5y | 4.9% | 4.1% |
| Profit CAGR 5y | — | 13.6% |
IBM bills 2.0× the revenue of HPE, and keeps more of each dollar of revenue as profit (15.7% against 0.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | HPE | IBM |
|---|---|---|
| FY2025 | $34.3B | $67.5B |
| FY2024 | $30.1B | $62.8B |
| FY2023 | $29.1B | $61.9B |
| FY2022 | $28.5B | $60.5B |
| FY2021 | $27.8B | $57.4B |
| FY2020 | $27.0B | $55.2B |
| FY2019 | $29.1B | $57.7B |
| FY2018 | $30.9B | $79.6B |
| FY2017 | $28.9B | $79.1B |
| FY2016 | $30.3B | $79.9B |
Net income by year
Bottom line
| Fiscal year | HPE | IBM |
|---|---|---|
| FY2025 | $57.0M | $10.6B |
| FY2024 | $2.6B | $6.0B |
| FY2023 | $2.0B | $7.5B |
| FY2022 | $868.0M | $1.6B |
| FY2021 | $3.4B | $5.7B |
| FY2020 | $-322.0M | $5.6B |
| FY2019 | $1.0B | $9.4B |
| FY2018 | $1.9B | $8.7B |
| FY2017 | $344.0M | $5.8B |
| FY2016 | $3.2B | $11.9B |
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More in this industry
Other pairs
The companies