Hewlett Packard Enterprise vs Western Digital
Hewlett Packard Enterprise reported revenue of $34.3 billion in fiscal 2025, 2.7 times Western Digital's $12.9 billion in fiscal 2026. Hewlett Packard Enterprise's revenue grew 13.8% in its latest year, and Western Digital's grew 35.7%. Hewlett Packard Enterprise had an operating margin of -1.3%, against 34.5% at Western Digital. Free cash flow was $627 million at Hewlett Packard Enterprise and $3.5 billion at Western Digital. Their fiscal years end in different months (October 31 and July 3), so the periods don't line up exactly.
Side by side
| Hewlett Packard Enterprise | Western Digital | |
|---|---|---|
| Latest fiscal year | FY2025, Oct 31, 2025 | FY2026, Jul 3, 2026 |
| Revenue | $34.3B | $12.9B |
| Revenue growth | 13.8% | 35.7% |
| Revenue growth a year, last 5 years | 4.9% | −5.3% |
| Gross margin | — | 48.9% |
| Operating margin | −1.3% | 34.5% |
| Net margin | 0.2% | 73.0% |
| Free cash flow | $627M | $3.5B |
| Free cash flow margin | 1.8% | 27.2% |
| Return on capital | −0.9% | 52.2% |
| Net debt to EBITDA | 9.0x | −0.1x |
| Dividends and buybacks | $886M | $2.8B |
| Change in diluted share count | −1.0% | 6.7% |
| Last close | $58.72 | $356.13 |
| P/E at the last close | 30.4× | 13.8× |
| Insider trades, last 12 months | sold $73.1 million | sold $75.3 million |
| Piotroski F-score | 4 of 8 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Hewlett Packard EnterpriseWestern Digital
Operating margin
Percent of revenue
Hewlett Packard EnterpriseWestern Digital
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Hewlett Packard EnterpriseWestern Digital
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Hewlett Packard Enterprise and Western Digital pages.