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Side-by-side financial comparison of HP Inc. (HPQ) and Coca-Cola Company (The) (KO). Click either name above to swap in a different company.
HP Inc. is the larger business by last-quarter revenue ($14.6B vs $11.8B, roughly 1.2× Coca-Cola Company (The)). Coca-Cola Company (The) runs the higher net margin — 19.2% vs 5.4%, a 13.8% gap on every dollar of revenue. On growth, HP Inc. posted the faster year-over-year revenue change (4.2% vs 2.4%). Coca-Cola Company (The) produced more free cash flow last quarter ($2.9B vs $1.4B). Over the past eight quarters, HP Inc.'s revenue compounded faster (5.4% CAGR vs 2.3%).
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.
The Coca-Cola Company is an American multinational corporation founded in 1892 headquartered in Atlanta, Georgia. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the New York Stock Exchange and is a component of the DJIA and the S&P 500 and S&P 100 indices.
HPQ vs KO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $14.6B | $11.8B |
| Net Profit | $795.0M | $2.3B |
| Gross Margin | 20.2% | 60.0% |
| Operating Margin | 6.6% | 15.6% |
| Net Margin | 5.4% | 19.2% |
| Revenue YoY | 4.2% | 2.4% |
| Net Profit YoY | -12.3% | 3.5% |
| EPS (diluted) | $0.84 | $0.53 |
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 | $14.6B | $11.8B | ||
| Q3 25 | $13.9B | $12.5B | ||
| Q2 25 | $13.2B | $12.5B | ||
| Q1 25 | $13.5B | $11.1B | ||
| Q4 24 | $14.1B | $11.5B | ||
| Q3 24 | $13.5B | $11.9B | ||
| Q2 24 | $12.8B | $12.4B | ||
| Q1 24 | $13.2B | $11.3B |
| Q4 25 | $795.0M | $2.3B | ||
| Q3 25 | $763.0M | $3.7B | ||
| Q2 25 | $406.0M | $3.8B | ||
| Q1 25 | $565.0M | $3.3B | ||
| Q4 24 | $906.0M | $2.2B | ||
| Q3 24 | $640.0M | $2.8B | ||
| Q2 24 | $607.0M | $2.4B | ||
| Q1 24 | $622.0M | $3.2B |
| Q4 25 | 20.2% | 60.0% | ||
| Q3 25 | 20.5% | 61.5% | ||
| Q2 25 | 20.7% | 62.4% | ||
| Q1 25 | 21.0% | 62.6% | ||
| Q4 24 | 21.4% | 60.0% | ||
| Q3 24 | 21.5% | 60.7% | ||
| Q2 24 | 23.6% | 61.1% | ||
| Q1 24 | 21.9% | 62.5% |
| Q4 25 | 6.6% | 15.6% | ||
| Q3 25 | 5.1% | 32.0% | ||
| Q2 25 | 4.9% | 34.1% | ||
| Q1 25 | 6.3% | 32.9% | ||
| Q4 24 | 7.1% | 23.5% | ||
| Q3 24 | 7.0% | 21.2% | ||
| Q2 24 | 7.4% | 21.3% | ||
| Q1 24 | 7.1% | 18.9% |
| Q4 25 | 5.4% | 19.2% | ||
| Q3 25 | 5.5% | 29.7% | ||
| Q2 25 | 3.1% | 30.4% | ||
| Q1 25 | 4.2% | 29.9% | ||
| Q4 24 | 6.4% | 19.0% | ||
| Q3 24 | 4.7% | 24.0% | ||
| Q2 24 | 4.7% | 19.5% | ||
| Q1 24 | 4.7% | 28.1% |
| Q4 25 | $0.84 | $0.53 | ||
| Q3 25 | $0.80 | $0.86 | ||
| Q2 25 | $0.42 | $0.88 | ||
| Q1 25 | $0.59 | $0.77 | ||
| Q4 24 | $0.93 | $0.50 | ||
| Q3 24 | $0.65 | $0.66 | ||
| Q2 24 | $0.61 | $0.56 | ||
| Q1 24 | $0.62 | $0.74 |
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 | $10.3B |
| Total DebtLower is stronger | $9.7B | $42.1B |
| Stockholders' EquityBook value | $-346.0M | $32.2B |
| Total Assets | $41.8B | $104.8B |
| Debt / EquityLower = less leverage | — | 1.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $10.3B | ||
| Q3 25 | $2.9B | $12.7B | ||
| Q2 25 | $2.7B | $9.6B | ||
| Q1 25 | $2.9B | $8.4B | ||
| Q4 24 | $3.2B | $10.8B | ||
| Q3 24 | $2.8B | $13.9B | ||
| Q2 24 | $2.4B | $13.7B | ||
| Q1 24 | $2.3B | $10.4B |
| Q4 25 | $9.7B | $42.1B | ||
| Q3 25 | — | $43.2B | ||
| Q2 25 | — | $45.0B | ||
| Q1 25 | — | $43.5B | ||
| Q4 24 | $9.7B | $42.4B | ||
| Q3 24 | — | $43.0B | ||
| Q2 24 | — | $38.1B | ||
| Q1 24 | — | $36.5B |
| Q4 25 | $-346.0M | $32.2B | ||
| Q3 25 | $-901.0M | $31.2B | ||
| Q2 25 | $-1.3B | $28.6B | ||
| Q1 25 | $-1.1B | $26.2B | ||
| Q4 24 | $-1.3B | $24.9B | ||
| Q3 24 | $-1.4B | $26.5B | ||
| Q2 24 | $-916.0M | $25.9B | ||
| Q1 24 | $-1.6B | $26.4B |
| Q4 25 | $41.8B | $104.8B | ||
| Q3 25 | $39.9B | $106.0B | ||
| Q2 25 | $38.8B | $104.3B | ||
| Q1 25 | $38.9B | $101.7B | ||
| Q4 24 | $39.9B | $100.5B | ||
| Q3 24 | $38.1B | $106.3B | ||
| Q2 24 | $37.4B | $101.2B | ||
| Q1 24 | $35.8B | $99.4B |
| Q4 25 | — | 1.31× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.66× | ||
| Q4 24 | — | 1.70× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.47× | ||
| Q1 24 | — | 1.38× |
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 | $1.6B | $3.8B |
| Free Cash FlowOCF − Capex | $1.4B | $2.9B |
| FCF MarginFCF / Revenue | 9.7% | 24.3% |
| Capex IntensityCapex / Revenue | 1.3% | 7.5% |
| Cash ConversionOCF / Net Profit | 2.04× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $2.8B | $5.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $3.8B | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | $38.0M | $3.8B | ||
| Q1 25 | $374.0M | $-5.2B | ||
| Q4 24 | $1.6B | $4.0B | ||
| Q3 24 | $1.4B | $-1.3B | ||
| Q2 24 | $581.0M | $3.6B | ||
| Q1 24 | $121.0M | $528.0M |
| Q4 25 | $1.4B | $2.9B | ||
| Q3 25 | $1.4B | $4.6B | ||
| Q2 25 | $-145.0M | $3.4B | ||
| Q1 25 | $72.0M | $-5.5B | ||
| Q4 24 | $1.5B | $3.1B | ||
| Q3 24 | $1.3B | $-1.7B | ||
| Q2 24 | $462.0M | $3.2B | ||
| Q1 24 | $-37.0M | $158.0M |
| Q4 25 | 9.7% | 24.3% | ||
| Q3 25 | 10.4% | 36.6% | ||
| Q2 25 | -1.1% | 26.9% | ||
| Q1 25 | 0.5% | -49.5% | ||
| Q4 24 | 10.5% | 27.3% | ||
| Q3 24 | 9.3% | -14.6% | ||
| Q2 24 | 3.6% | 25.6% | ||
| Q1 24 | -0.3% | 1.4% |
| Q4 25 | 1.3% | 7.5% | ||
| Q3 25 | 1.5% | 3.8% | ||
| Q2 25 | 1.4% | 3.5% | ||
| Q1 25 | 2.2% | 2.8% | ||
| Q4 24 | 1.1% | 7.0% | ||
| Q3 24 | 1.2% | 4.0% | ||
| Q2 24 | 0.9% | 3.4% | ||
| Q1 24 | 1.2% | 3.3% |
| Q4 25 | 2.04× | 1.65× | ||
| Q3 25 | 2.18× | 1.36× | ||
| Q2 25 | 0.09× | 1.00× | ||
| Q1 25 | 0.66× | -1.56× | ||
| Q4 24 | 1.79× | 1.80× | ||
| Q3 24 | 2.23× | -0.44× | ||
| Q2 24 | 0.96× | 1.49× | ||
| Q1 24 | 0.19× | 0.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
