HP Inc (HPQ)
Net profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,775,000 | 3,263,000 | 3,132,000 | 6,541,000 | 2,844,000 |
| Revenue | US$ in thousands | 53,559,000 | 53,718,000 | 62,910,000 | 63,460,000 | 56,639,000 |
| Net profit margin | 5.18% | 6.07% | 4.98% | 10.31% | 5.02% |
October 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $2,775,000K ÷ $53,559,000K
= 5.18%
HP Inc's net profit margin has exhibited fluctuations over the past five years, with figures ranging from 4.98% to 10.31%. The highest net profit margin was recorded in 2021 at 10.31%, indicating that the company was able to generate a higher percentage of profit from its revenue during that period. However, there was a decline in the net profit margin in 2022 and 2024, falling to 4.98% and 5.18% respectively. This suggests that the company may have faced challenges in controlling costs or optimizing its profitability during these years. Overall, HP Inc's net profit margin has shown variability, highlighting the importance of closely monitoring and managing expenses to enhance profitability.
Peer comparison
Oct 31, 2024