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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and HP Inc. (HPQ). Click either name above to swap in a different company.
HP Inc. is the larger business by last-quarter revenue ($14.6B vs $8.1B, roughly 1.8× Athene Holding Ltd.). Athene Holding Ltd. runs the higher net margin — 6.4% vs 5.4%, a 1.0% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 4.2%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 5.4%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company. It was founded by Bill Hewlett and David Packard in 1939 in a one-car garage in Palo Alto, California. Growing to become an influential high-tech powerhouse at the heart of Silicon Valley, the company was known for its progressive business philosophy, deemed the HP Way.
ATHS vs HPQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $14.6B |
| Net Profit | $523.0M | $795.0M |
| Gross Margin | — | 20.2% |
| Operating Margin | 16.9% | 6.6% |
| Net Margin | 6.4% | 5.4% |
| Revenue YoY | 115.1% | 4.2% |
| Net Profit YoY | -48.5% | -12.3% |
| EPS (diluted) | — | $0.84 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $8.1B | $14.6B | ||
| Q3 25 | $8.0B | $13.9B | ||
| Q2 25 | $5.4B | $13.2B | ||
| Q1 25 | $4.2B | $13.5B | ||
| Q4 24 | $3.8B | $14.1B | ||
| Q3 24 | $6.5B | $13.5B | ||
| Q2 24 | $4.7B | $12.8B | ||
| Q1 24 | $5.7B | $13.2B |
| Q4 25 | $523.0M | $795.0M | ||
| Q3 25 | $1.3B | $763.0M | ||
| Q2 25 | $464.0M | $406.0M | ||
| Q1 25 | $465.0M | $565.0M | ||
| Q4 24 | $1.0B | $906.0M | ||
| Q3 24 | $625.0M | $640.0M | ||
| Q2 24 | $629.0M | $607.0M | ||
| Q1 24 | $1.2B | $622.0M |
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | 23.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | 16.9% | 6.6% | ||
| Q3 25 | 26.8% | 5.1% | ||
| Q2 25 | 12.2% | 4.9% | ||
| Q1 25 | 22.3% | 6.3% | ||
| Q4 24 | 30.4% | 7.1% | ||
| Q3 24 | 25.7% | 7.0% | ||
| Q2 24 | 22.0% | 7.4% | ||
| Q1 24 | 31.1% | 7.1% |
| Q4 25 | 6.4% | 5.4% | ||
| Q3 25 | 15.7% | 5.5% | ||
| Q2 25 | 8.7% | 3.1% | ||
| Q1 25 | 11.1% | 4.2% | ||
| Q4 24 | 26.8% | 6.4% | ||
| Q3 24 | 9.6% | 4.7% | ||
| Q2 24 | 13.5% | 4.7% | ||
| Q1 24 | 20.8% | 4.7% |
| Q4 25 | — | $0.84 | ||
| Q3 25 | — | $0.80 | ||
| Q2 25 | — | $0.42 | ||
| Q1 25 | — | $0.59 | ||
| Q4 24 | — | $0.93 | ||
| Q3 24 | — | $0.65 | ||
| Q2 24 | — | $0.61 | ||
| Q1 24 | — | $0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.7B |
| Total DebtLower is stronger | $7.8B | $9.7B |
| Stockholders' EquityBook value | $20.5B | $-346.0M |
| Total Assets | $442.2B | $41.8B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.7B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $15.3B | $2.3B |
| Q4 25 | $7.8B | $9.7B | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | — | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.3B | $9.7B | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.7B | — |
| Q4 25 | $20.5B | $-346.0M | ||
| Q3 25 | $20.4B | $-901.0M | ||
| Q2 25 | $18.1B | $-1.3B | ||
| Q1 25 | $17.5B | $-1.1B | ||
| Q4 24 | $16.4B | $-1.3B | ||
| Q3 24 | $17.4B | $-1.4B | ||
| Q2 24 | $15.0B | $-916.0M | ||
| Q1 24 | $14.8B | $-1.6B |
| Q4 25 | $442.2B | $41.8B | ||
| Q3 25 | $429.9B | $39.9B | ||
| Q2 25 | $405.3B | $38.8B | ||
| Q1 25 | $381.5B | $38.9B | ||
| Q4 24 | $363.3B | $39.9B | ||
| Q3 24 | $355.0B | $38.1B | ||
| Q2 24 | $332.6B | $37.4B | ||
| Q1 24 | $320.6B | $35.8B |
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.39× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $1.6B |
| Free Cash FlowOCF − Capex | — | $1.4B |
| FCF MarginFCF / Revenue | — | 9.7% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 5.82× | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $1.6B | ||
| Q3 25 | $636.0M | $1.7B | ||
| Q2 25 | $1.1B | $38.0M | ||
| Q1 25 | $426.0M | $374.0M | ||
| Q4 24 | $386.0M | $1.6B | ||
| Q3 24 | $780.0M | $1.4B | ||
| Q2 24 | $525.0M | $581.0M | ||
| Q1 24 | $185.0M | $121.0M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $-145.0M | ||
| Q1 25 | — | $72.0M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $462.0M | ||
| Q1 24 | — | $-37.0M |
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | -1.1% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 10.5% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | — | -0.3% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 5.82× | 2.04× | ||
| Q3 25 | 0.51× | 2.18× | ||
| Q2 25 | 2.28× | 0.09× | ||
| Q1 25 | 0.92× | 0.66× | ||
| Q4 24 | 0.38× | 1.79× | ||
| Q3 24 | 1.25× | 2.23× | ||
| Q2 24 | 0.83× | 0.96× | ||
| Q1 24 | 0.16× | 0.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATHS
Segment breakdown not available.
HPQ
| Commercial PS | $7.0B | 48% |
| Consumer PS | $3.4B | 23% |
| Supplies | $2.8B | 19% |
| Commercial Printing | $1.2B | 8% |
| Consumer Printing | $296.0M | 2% |
| Corporate Investments | $19.0M | 0% |
