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Side-by-side financial comparison of ConocoPhillips (COP) 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 $11.4B, roughly 1.3× ConocoPhillips). ConocoPhillips runs the higher net margin — 12.7% vs 5.4%, a 7.2% gap on every dollar of revenue. On growth, HP Inc. posted the faster year-over-year revenue change (4.2% vs -10.7%). Over the past eight quarters, HP Inc.'s revenue compounded faster (5.4% CAGR vs -3.8%).
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.
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.
COP vs HPQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.4B | $14.6B |
| Net Profit | $1.4B | $795.0M |
| Gross Margin | 54.4% | 20.2% |
| Operating Margin | 19.7% | 6.6% |
| Net Margin | 12.7% | 5.4% |
| Revenue YoY | -10.7% | 4.2% |
| Net Profit YoY | -37.5% | -12.3% |
| EPS (diluted) | $1.18 | $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 | $11.4B | $14.6B | ||
| Q3 25 | $13.3B | $13.9B | ||
| Q2 25 | $12.6B | $13.2B | ||
| Q1 25 | $14.5B | $13.5B | ||
| Q4 24 | $12.7B | $14.1B | ||
| Q3 24 | $11.7B | $13.5B | ||
| Q2 24 | $12.7B | $12.8B | ||
| Q1 24 | $12.3B | $13.2B |
| Q4 25 | $1.4B | $795.0M | ||
| Q3 25 | $1.7B | $763.0M | ||
| Q2 25 | $2.0B | $406.0M | ||
| Q1 25 | $2.8B | $565.0M | ||
| Q4 24 | $2.3B | $906.0M | ||
| Q3 24 | $2.1B | $640.0M | ||
| Q2 24 | $2.3B | $607.0M | ||
| Q1 24 | $2.6B | $622.0M |
| Q4 25 | 54.4% | 20.2% | ||
| Q3 25 | 56.1% | 20.5% | ||
| Q2 25 | 59.7% | 20.7% | ||
| Q1 25 | 57.3% | 21.0% | ||
| Q4 24 | 60.2% | 21.4% | ||
| Q3 24 | 59.4% | 21.5% | ||
| Q2 24 | 61.6% | 23.6% | ||
| Q1 24 | 56.7% | 21.9% |
| Q4 25 | 19.7% | 6.6% | ||
| Q3 25 | 22.0% | 5.1% | ||
| Q2 25 | 23.9% | 4.9% | ||
| Q1 25 | 30.8% | 6.3% | ||
| Q4 24 | 23.3% | 7.1% | ||
| Q3 24 | 27.6% | 7.0% | ||
| Q2 24 | 28.9% | 7.4% | ||
| Q1 24 | 30.9% | 7.1% |
| Q4 25 | 12.7% | 5.4% | ||
| Q3 25 | 12.9% | 5.5% | ||
| Q2 25 | 15.6% | 3.1% | ||
| Q1 25 | 19.7% | 4.2% | ||
| Q4 24 | 18.1% | 6.4% | ||
| Q3 24 | 17.6% | 4.7% | ||
| Q2 24 | 18.4% | 4.7% | ||
| Q1 24 | 20.7% | 4.7% |
| Q4 25 | $1.18 | $0.84 | ||
| Q3 25 | $1.38 | $0.80 | ||
| Q2 25 | $1.56 | $0.42 | ||
| Q1 25 | $2.23 | $0.59 | ||
| Q4 24 | $1.92 | $0.93 | ||
| Q3 24 | $1.76 | $0.65 | ||
| Q2 24 | $1.98 | $0.61 | ||
| Q1 24 | $2.15 | $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 | $7.0B | $3.7B |
| Total DebtLower is stronger | $22.4B | $9.7B |
| Stockholders' EquityBook value | $64.5B | $-346.0M |
| Total Assets | $121.9B | $41.8B |
| Debt / EquityLower = less leverage | 0.35× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.0B | $3.7B | ||
| Q3 25 | $6.3B | $2.9B | ||
| Q2 25 | $5.3B | $2.7B | ||
| Q1 25 | $7.2B | $2.9B | ||
| Q4 24 | $6.1B | $3.2B | ||
| Q3 24 | $6.8B | $2.8B | ||
| Q2 24 | $6.0B | $2.4B | ||
| Q1 24 | $6.1B | $2.3B |
| Q4 25 | $22.4B | $9.7B | ||
| Q3 25 | $22.5B | — | ||
| Q2 25 | $23.1B | — | ||
| Q1 25 | $23.2B | — | ||
| Q4 24 | $23.3B | $9.7B | ||
| Q3 24 | $17.0B | — | ||
| Q2 24 | $17.0B | — | ||
| Q1 24 | $17.3B | — |
| Q4 25 | $64.5B | $-346.0M | ||
| Q3 25 | $64.9B | $-901.0M | ||
| Q2 25 | $65.6B | $-1.3B | ||
| Q1 25 | $65.2B | $-1.1B | ||
| Q4 24 | $64.8B | $-1.3B | ||
| Q3 24 | $49.9B | $-1.4B | ||
| Q2 24 | $49.7B | $-916.0M | ||
| Q1 24 | $49.3B | $-1.6B |
| Q4 25 | $121.9B | $41.8B | ||
| Q3 25 | $122.5B | $39.9B | ||
| Q2 25 | $122.6B | $38.8B | ||
| Q1 25 | $124.3B | $38.9B | ||
| Q4 24 | $122.8B | $39.9B | ||
| Q3 24 | $96.7B | $38.1B | ||
| Q2 24 | $96.0B | $37.4B | ||
| Q1 24 | $95.3B | $35.8B |
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.35× | — |
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 | $4.3B | $1.6B |
| Free Cash FlowOCF − Capex | — | $1.4B |
| FCF MarginFCF / Revenue | — | 9.7% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 2.99× | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3B | $1.6B | ||
| Q3 25 | $5.9B | $1.7B | ||
| Q2 25 | $3.5B | $38.0M | ||
| Q1 25 | $6.1B | $374.0M | ||
| Q4 24 | $4.5B | $1.6B | ||
| Q3 24 | $5.8B | $1.4B | ||
| Q2 24 | $4.9B | $581.0M | ||
| Q1 24 | $5.0B | $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 | 2.99× | 2.04× | ||
| Q3 25 | 3.41× | 2.18× | ||
| Q2 25 | 1.77× | 0.09× | ||
| Q1 25 | 2.15× | 0.66× | ||
| Q4 24 | 1.93× | 1.79× | ||
| Q3 24 | 2.80× | 2.23× | ||
| Q2 24 | 2.11× | 0.96× | ||
| Q1 24 | 1.95× | 0.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
COP
| Natural Gas Reserves | $2.1B | 18% |
| Physical Gas Contracts | $2.0B | 18% |
| Europe Middle East And North Africa Segment | $1.6B | 14% |
| Natural Gas Product Line | $1.5B | 13% |
| Canada Operating Segment | $1.3B | 12% |
| Alaska Segment | $1.3B | 11% |
| Natural Gas Liquids Reserves | $826.0M | 7% |
| Asia Pacific Operating Segment | $360.0M | 3% |
| Crude Oil Product Line | $236.0M | 2% |
| Related Party | $12.0M | 0% |
| Corporate Segment | $7.0M | 0% |
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% |
