Hp (HPQ) Return on Invested Capital [ROIC] (2009 - 2026)
Hp's Return on Invested Capital [ROIC] was 30.39% in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 4.18 percentage points from 34.57% a year earlier and down 1.75 percentage points from the prior quarter.
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Analysis
Hp (HPQ) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025 (ended Oct 31, 2025), Return on Invested Capital [ROIC] at Hp came in at 34.06%, down 4.49 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for four consecutive fiscal years, with a five-year change of -42.64 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Return on Invested Capital [ROIC] was 38.56% in FY2024 (-3.58 pp), 42.14% in FY2023 (-5.59 pp), 47.73% in FY2022 (-46.89 pp) and 94.62% in FY2021 (+17.92 pp).
- The fiscal Q3 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] since fiscal Q1 2016.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for eight straight quarters, with an average year-over-year change of -4.99 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was fiscal Q4 2021 (a gain of 29.24 percentage points); the worst was fiscal Q3 2022 (a drop of 88.83 percentage points).
- Per Business Quant data, HPQ's Return on Invested Capital [ROIC] in the three fiscal quarters before Q3 2026 was 32.14% (Q2 2026), 32.22% (Q1 2026) and 33.39% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,973.70 Bn | 4,721.19 Bn | 54.77 Bn | 66.86% |
| 2 | Cisco Systems | 421.27 Bn | 357.20 Bn | 11.06 Bn | 15.92% |
| 3 | Dell Technologies | 297.70 Bn | 253.45 Bn | 9.83 Bn | 37.37% |
| 4 | Arista Networks | 229.14 Bn | 182.59 Bn | 1.91 Bn | - |
| 5 | Sandisk | 200.83 Bn | 189.36 Bn | 7.58 Bn | 73.74% |
| 6 | Sony | 150.33 Bn | 87.59 Bn | 6.53 Bn | 12.20% |
| 7 | Seagate Technology Holdings | 147.86 Bn | 142.86 Bn | 1.90 Bn | 66.09% |
| 8 | Western Digital | 125.50 Bn | 113.63 Bn | 2.03 Bn | 40.01% |
| 9 | Hewlett Packard Enterprise | 74.88 Bn | 52.76 Bn | 4.93 Bn | 5.57% |
| 10 | Hp | 28.66 Bn | 13.93 Bn | 2.95 Bn | 30.39% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 30.39% |
| Apr 30, 2026 | 32.14% |
| Jan 31, 2026 | 32.22% |
| Oct 31, 2025 | 33.39% |
| Jul 31, 2025 | 34.57% |
| Apr 30, 2025 | 32.94% |
| Jan 31, 2025 | 37.45% |
| Oct 31, 2024 | 38.98% |
| Jul 31, 2024 | 39.51% |
| Apr 30, 2024 | 40.57% |
| Jan 31, 2024 | 44.39% |
| Oct 31, 2023 | 43.61% |
| Jul 31, 2023 | 34.20% |
| Apr 30, 2023 | 41.05% |
| Jan 31, 2023 | 37.82% |
| Oct 31, 2022 | 39.75% |
| Jul 31, 2022 | 56.37% |
| Apr 30, 2022 | 74.97% |
| Jan 31, 2022 | 86.93% |
| Oct 31, 2021 | 102.63% |
API Access
Hp Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HPQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "HPQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=HPQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();