HP vs Sandisk
HP reported revenue of $55.3 billion in fiscal 2025, 2.7 times Sandisk's $20.2 billion in fiscal 2026. HP's revenue grew 3.2% in its latest year, and Sandisk's grew 175.3%. HP had an operating margin of 5.7%, against 61.2% at Sandisk. Free cash flow was $2.8 billion at HP and $11.5 billion at Sandisk. Their fiscal years end in different months (October 31 and July 3), so the periods don't line up exactly.
Side by side
| HP | Sandisk | |
|---|---|---|
| Latest fiscal year | FY2025, Oct 31, 2025 | FY2026, Jul 3, 2026 |
| Revenue | $55.3B | $20.2B |
| Revenue growth | 3.2% | 175.3% |
| Revenue growth a year, last 5 years | −0.5% | — |
| Gross margin | 20.6% | 71.5% |
| Operating margin | 5.7% | 61.2% |
| Net margin | 4.6% | 56.5% |
| Free cash flow | $2.8B | $11.5B |
| Free cash flow margin | 5.1% | 56.8% |
| Return on capital | 55.3% | 105.9% |
| Net debt to EBITDA | 1.5x | −0.4x |
| Dividends and buybacks | $1.9B | $4.5B |
| Change in diluted share count | −3.6% | 6.9% |
| Last close | $34.09 | $1,255.58 |
| P/E at the last close | 13.1× | 17.0× |
| Insider trades, last 12 months | sold $6.4 million | sold $133.8 million |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ 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
HPSandisk
Operating margin
Percent of revenue
HPSandisk
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
HPSandisk