HP Inc (HPQ)
Gross profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 11,818,000 | 11,508,000 | 12,263,000 | 13,407,000 | 10,437,000 |
| Revenue | US$ in thousands | 53,559,000 | 53,718,000 | 62,910,000 | 63,460,000 | 56,639,000 |
| Gross profit margin | 22.07% | 21.42% | 19.49% | 21.13% | 18.43% |
October 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $11,818,000K ÷ $53,559,000K
= 22.07%
HP Inc's gross profit margin has shown a generally improving trend over the past five years, increasing from 18.43% in October 2020 to 22.07% in October 2024. This indicates that the company has been able to effectively manage its production costs and generate a higher margin on its products. The consistent improvement in gross profit margin suggests that HP Inc has been successful in enhancing its operational efficiency and profitability over the years. It is important to continue monitoring this metric to ensure sustained growth and financial health in the future.
Peer comparison
Oct 31, 2024
Company name
Symbol
Gross profit margin
HP Inc
HPQ
22.07%
Hewlett Packard Enterprise Co
HPE
79.87%
International Business Machines
IBM
55.45%