HPQ vs WDC Stock Comparison

Hp and Western Digital Prices as of Oct 26, 2026 Peers: Industry group
HPQ Hp Inc
$34.12 +9.0% 1M +23.4% 1Y
Market cap
$31.08B
P/E
12.7x
Revenue (TTM)
$59.16B
Div. yield
0.04%
Personal Computers Technology
4 wins
WDC Western Digital Corp
$356.13 -22.0% 1M +175.2% 1Y
Market cap
$139.70B
P/E
13.9x
Revenue (TTM)
$14.48B
Div. yield
0.00%
Server and Storage Hardware Technology
8 wins

Head to Head

12 decided of 12

Western Digital leads on 8 of the 12 questions below (Western Digital 8, Hp 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHPQWDCLeader
Larger companyMarket capitalisation $31.08B $139.70B WDC
Cheaper on earningsLower P/E, profitable companies only 12.7x 13.9x HPQ
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.2x 14.8x HPQ
Faster revenue growthRevenue growth, trailing twelve months +8.1% +43.0% WDC
More profitableNet margin, trailing twelve months 4.1% 69.2% WDC
Better return on capitalReturn on invested capital 30.4% 53.8% WDC
Less leveragedLower net debt / EBITDA 1.2x -0.1x WDC
Higher dividend yieldTrailing dividend yield 0.04% 0.00% HPQ
Better 1-year returnPrice return, last 12 months +23.4% +175.2% WDC
Better 5-year returnAnnualised price return, 5 years +2.8%/yr +53.4%/yr WDC
Less volatileAnnualised volatility, 1 year 45.3% 81.2% HPQ
Higher overall scoreMean of the five percentile scores vs peers 57/100 78/100 WDC

Percentile Scorecard

HPQWDC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHPQWDC
Valuation 95 #7 of 111 54 #52 of 111
Growth 33 #73 of 108 99 #2 of 108
Profitability 74 #28 of 104 98 #3 of 104
Financial Health 13 #100 of 115 66 #40 of 115
Shareholder Returns 73 #23 of 81 75 #21 of 81
Overall 57 78
  • HPQ ranked among 121 companies in Computer Hardware
  • WDC ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHPQWDCSPY
1 month +9.0%-22.0% -0.8%
3 months +28.5%-28.5% +3.5%
6 months +72.7%-11.1% +7.0%
Year to date +53.1%+106.7% +12.2%
1 year +23.4%+175.2% +13.0%
3 years +32.0%+1,108.9% +86.3%
3 years, per year +9.7%+129.6% +23.1%
5 years +14.9%+749.3% +68.6%
5 years, per year +2.8%+53.4% +11.0%
10 years +145.3%+733.6% +258.0%
10 years, per year +9.4%+23.6% +13.6%

Risk

MeasureHPQWDCSPY
Volatility, 1Y 45.3%81.2% 12.7%
Downside volatility, 1Y 39.8%82.1% 12.7%
Beta vs S&P 500, 1Y 0.513.15 1.00
Return / volatility, 1Y 0.522.16 1.02
Max drawdown, 5Y -54.9%-55.5% -25.4%
From 52-week high -3.8%-52.3% -1.8%
52-week high $35.47$746.23 $779.14
52-week low $18.20$124.92 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHPQWDC
P/E now vs peer median 12.8xmedian 32.0x 13.0xmedian 32.0x
P/S now vs peer median 0.5xmedian 2.8x 9.2xmedian 2.8x
EV/EBITDA now vs peer median 8.6xmedian 19.4x 21.8xmedian 19.4x
P/FCF now vs peer median 7.9xmedian 29.0x 31.1xmedian 29.0x
P/B now vs peer median -334.9xmedian 2.9x 14.3xmedian 2.9x
PEG now vs peer median 2.39median 1.13 0.17median 1.13

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHPQWDC
Revenue $59.16B $14.48B
Gross profit $11.76B $7.62B
Operating income $3.22B $5.71B
Net income $2.45B $10.02B
Free cash flow $3.88B $4.29B
R&D $1.61B $1.15B
EPS (diluted) $2.64 $26.10
Cash & equivalents $4.17B $1.31B
Total debt $9.16B $12.58B
Shares (diluted) 927.00M 384.00M
Enterprise value $16.35B $129.52B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHPQWDC
P/E 12.8x 13.0x
P/FCF 7.9x 31.1x
P/Operating cash flow 6.6x 27.4x
P/S 0.5x 9.2x
P/B -334.9x 14.3x
P/Tangible book -334.9x 14.3x
EV/EBITDA 8.6x 21.8x
EV/EBIT 11.1x 23.3x
EV/Revenue 0.6x 9.2x
EV/FCF 9.2x 31.0x
EV/Operating cash flow 7.7x 27.3x
PEG (3Y EPS CAGR) 2.39 0.17

Growth

14 metrics
MetricHPQWDC
Revenue growth (1Y) 8.1% 43.0%
Revenue CAGR (3Y) 2.7% 57.4%
Gross profit growth (1Y) 2.9% 85.2%
Gross profit CAGR (3Y) 1.6% 126.7%
Operating income growth (1Y) 0.5% 104.4%
Operating income CAGR (3Y) 0.4% 85.5%
Net income growth (1Y) -7.2% 288.7%
Net income CAGR (3Y) 2.7% 83.2%
EPS growth (1Y) -4.5% 286.8%
EPS CAGR (3Y) 5.3% 75.8%
Operating cash flow growth (1Y) 26.3% 108.7%
Operating cash flow CAGR (3Y) 10.1% 88.3%
Free cash flow growth (1Y) 36.5% 121.1%
Free cash flow CAGR (3Y) 9.9% 66.0%

Profitability

14 metrics
MetricHPQWDC
Gross margin 19.9% 52.6%
EBITDA margin 7.0% 42.1%
Operating margin 5.4% 39.4%
Pretax margin 4.7% 73.2%
Net margin 4.1% 69.2%
FCF margin 6.6% 29.6%
Operating cash flow margin 7.9% 33.6%
Return on equity – 110.0%
Return on assets 5.5% 71.3%
Return on invested capital 30.4% 53.8%
Return on capital employed 31.1% 57.3%
Asset turnover 1.3x 1.0x
Cash conversion (OCF / net income) 1.9x 0.5x
Stock comp / revenue 0.8% 1.6%

Financial Health

11 metrics
MetricHPQWDC
Debt / assets 20.0% 5.5%
Debt / equity -99.6x 0.1x
Net debt / EBITDA 1.2x -0.1x
Debt / FCF 2.4x 0.2x
Liabilities / assets 100.2% 34.3%
Equity / assets -0.2% 65.7%
Interest coverage – 48.8x
Current ratio 0.8x 1.4x
Quick ratio 0.4x 0.9x
Cash ratio 0.1x 0.3x
Altman Z-score 1.68 19.75

Shareholder Returns

7 metrics
MetricHPQWDC
Dividend yield 3.5% 0.2%
Net buyback yield 3.8% 2.3%
Shareholder yield 7.3% 2.4%
Payout ratio (earnings) 44.7% 2.0%
Payout ratio (FCF) 28.2% 4.6%
Dividend growth (1Y) 1.3% 151.3%
Dividend CAGR (3Y) 2.2% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHPQWDC
Forward P/E 11.2xFY2026 14.8xFY2027
EPS, next fiscal year $3.06FY2026 $24.04FY2027
EPS growth, next FY -1.9%FY2026 +135.2%FY2027
EPS growth, the year after +1.0% +70.9%
Revenue, next fiscal year $56.44BFY2026 $20.04BFY2027
Revenue growth, next FY +2.1%FY2026 +55.1%FY2027
Revenue growth, the year after +15.1% +39.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHPQWDC
Held by institutions 90.9% 93.7%
Institutions holding 1,078 1,845
Change in shares held, QoQ +1.1% -1.3%
Institutions buying 578 1,127
Institutions selling 324 596
Buyers to sellers 1.78 1.89

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HPQWDC
HPQ 1.00 -0.03
WDC -0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HPQ and WDC?

Western Digital (WDC) is the largest by market capitalisation: Hp (HPQ) $31.08B, Western Digital (WDC) $139.70B.

Which stock is cheaper, HPQ and WDC?

Hp (HPQ) trades on the lowest price-to-earnings ratio (Hp (HPQ) 12.7x, Western Digital (WDC) 13.9x). On next year's consensus earnings, Hp (HPQ) is cheapest (Hp (HPQ) 11.2x, Western Digital (WDC) 14.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Western Digital (WDC) grew revenue fastest over the trailing twelve months: Hp (HPQ) +8.1%, Western Digital (WDC) +43.0%.

Which company is more profitable?

Western Digital (WDC) has the highest net margin (Hp (HPQ) 4.1%, Western Digital (WDC) 69.2%). On return on invested capital, Western Digital (WDC) leads (Hp (HPQ) 30.4%, Western Digital (WDC) 53.8%).

Which stock has performed better?

Over the past year Western Digital (WDC) returned the most: Hp (HPQ) +23.4%, Western Digital (WDC) +175.2%. Over five years, Western Digital (WDC) compounded fastest (Hp (HPQ) +2.8%/yr, Western Digital (WDC) +53.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Hp (HPQ) has the highest dividend yield: Hp (HPQ) 0.04%, Western Digital (WDC) 0.00%.

Which stock is riskier?

By one-year price volatility, Hp (HPQ) has been the steadiest (Hp (HPQ) 45.3%, Western Digital (WDC) 81.2%). Volatility measures how widely the price swings, not the risk of the business.

Do HPQ and WDC move together?

Their daily returns over the past year have a correlation of -0.03, a negative relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, HPQ and WDC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Western Digital (WDC) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.