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Side-by-side financial comparison of HP Inc. (HPQ) and US Foods Holding Corp. (USFD). Click either name above to swap in a different company.
HP Inc. is the larger business by last-quarter revenue ($14.6B vs $9.8B, roughly 1.5× US Foods Holding Corp.). HP Inc. runs the higher net margin — 5.4% vs 1.9%, a 3.6% gap on every dollar of revenue. On growth, HP Inc. posted the faster year-over-year revenue change (4.2% vs 3.3%). HP Inc. produced more free cash flow last quarter ($1.4B vs $159.0M). Over the past eight quarters, HP Inc.'s revenue compounded faster (5.4% CAGR vs 4.6%).
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.
US Foods Holding Corp. is an American food service distributor. It is the second-largest food service distributor in the U.S., after Sysco. The company supplies 250,000 locations including independent restaurants, chain restaurants, healthcare, hospitality, and educational institutions.
HPQ vs USFD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $14.6B | $9.8B |
| Net Profit | $795.0M | $184.0M |
| Gross Margin | 20.2% | 17.6% |
| Operating Margin | 6.6% | 3.3% |
| Net Margin | 5.4% | 1.9% |
| Revenue YoY | 4.2% | 3.3% |
| Net Profit YoY | -12.3% | 178.8% |
| EPS (diluted) | $0.84 | $0.82 |
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 | $9.8B | ||
| Q3 25 | $13.9B | $10.2B | ||
| Q2 25 | $13.2B | $10.1B | ||
| Q1 25 | $13.5B | $9.4B | ||
| Q4 24 | $14.1B | $9.5B | ||
| Q3 24 | $13.5B | $9.7B | ||
| Q2 24 | $12.8B | $9.7B | ||
| Q1 24 | $13.2B | $8.9B |
| Q4 25 | $795.0M | $184.0M | ||
| Q3 25 | $763.0M | $153.0M | ||
| Q2 25 | $406.0M | $224.0M | ||
| Q1 25 | $565.0M | $115.0M | ||
| Q4 24 | $906.0M | $66.0M | ||
| Q3 24 | $640.0M | $148.0M | ||
| Q2 24 | $607.0M | $198.0M | ||
| Q1 24 | $622.0M | $82.0M |
| Q4 25 | 20.2% | 17.6% | ||
| Q3 25 | 20.5% | 17.2% | ||
| Q2 25 | 20.7% | 17.6% | ||
| Q1 25 | 21.0% | 17.3% | ||
| Q4 24 | 21.4% | 17.6% | ||
| Q3 24 | 21.5% | 17.1% | ||
| Q2 24 | 23.6% | 17.6% | ||
| Q1 24 | 21.9% | 16.7% |
| Q4 25 | 6.6% | 3.3% | ||
| Q3 25 | 5.1% | 2.8% | ||
| Q2 25 | 4.9% | 3.7% | ||
| Q1 25 | 6.3% | 2.4% | ||
| Q4 24 | 7.1% | 3.2% | ||
| Q3 24 | 7.0% | 2.9% | ||
| Q2 24 | 7.4% | 3.6% | ||
| Q1 24 | 7.1% | 1.8% |
| Q4 25 | 5.4% | 1.9% | ||
| Q3 25 | 5.5% | 1.5% | ||
| Q2 25 | 3.1% | 2.2% | ||
| Q1 25 | 4.2% | 1.2% | ||
| Q4 24 | 6.4% | 0.7% | ||
| Q3 24 | 4.7% | 1.5% | ||
| Q2 24 | 4.7% | 2.0% | ||
| Q1 24 | 4.7% | 0.9% |
| Q4 25 | $0.84 | $0.82 | ||
| Q3 25 | $0.80 | $0.67 | ||
| Q2 25 | $0.42 | $0.96 | ||
| Q1 25 | $0.59 | $0.49 | ||
| Q4 24 | $0.93 | $0.28 | ||
| Q3 24 | $0.65 | $0.61 | ||
| Q2 24 | $0.61 | $0.80 | ||
| Q1 24 | $0.62 | $0.33 |
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 | $41.0M |
| Total DebtLower is stronger | $9.7B | $5.1B |
| Stockholders' EquityBook value | $-346.0M | $4.3B |
| Total Assets | $41.8B | $13.9B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $41.0M | ||
| Q3 25 | $2.9B | $56.0M | ||
| Q2 25 | $2.7B | $61.0M | ||
| Q1 25 | $2.9B | $101.0M | ||
| Q4 24 | $3.2B | $59.0M | ||
| Q3 24 | $2.8B | $81.0M | ||
| Q2 24 | $2.4B | $405.0M | ||
| Q1 24 | $2.3B | $267.0M |
| Q4 25 | $9.7B | $5.1B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | $9.7B | $4.8B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.6B | ||
| Q1 24 | — | $4.6B |
| Q4 25 | $-346.0M | $4.3B | ||
| Q3 25 | $-901.0M | $4.5B | ||
| Q2 25 | $-1.3B | $4.6B | ||
| Q1 25 | $-1.1B | $4.6B | ||
| Q4 24 | $-1.3B | $4.5B | ||
| Q3 24 | $-1.4B | $4.6B | ||
| Q2 24 | $-916.0M | $5.0B | ||
| Q1 24 | $-1.6B | $4.8B |
| Q4 25 | $41.8B | $13.9B | ||
| Q3 25 | $39.9B | $14.0B | ||
| Q2 25 | $38.8B | $13.8B | ||
| Q1 25 | $38.9B | $13.7B | ||
| Q4 24 | $39.9B | $13.4B | ||
| Q3 24 | $38.1B | $13.5B | ||
| Q2 24 | $37.4B | $13.7B | ||
| Q1 24 | $35.8B | $13.4B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.95× |
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 | $293.0M |
| Free Cash FlowOCF − Capex | $1.4B | $159.0M |
| FCF MarginFCF / Revenue | 9.7% | 1.6% |
| Capex IntensityCapex / Revenue | 1.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.04× | 1.59× |
| TTM Free Cash FlowTrailing 4 quarters | $2.8B | $959.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $293.0M | ||
| Q3 25 | $1.7B | $351.0M | ||
| Q2 25 | $38.0M | $334.0M | ||
| Q1 25 | $374.0M | $391.0M | ||
| Q4 24 | $1.6B | $283.0M | ||
| Q3 24 | $1.4B | $270.0M | ||
| Q2 24 | $581.0M | $482.0M | ||
| Q1 24 | $121.0M | $139.0M |
| Q4 25 | $1.4B | $159.0M | ||
| Q3 25 | $1.4B | $236.0M | ||
| Q2 25 | $-145.0M | $257.0M | ||
| Q1 25 | $72.0M | $307.0M | ||
| Q4 24 | $1.5B | $178.0M | ||
| Q3 24 | $1.3B | $190.0M | ||
| Q2 24 | $462.0M | $413.0M | ||
| Q1 24 | $-37.0M | $52.0M |
| Q4 25 | 9.7% | 1.6% | ||
| Q3 25 | 10.4% | 2.3% | ||
| Q2 25 | -1.1% | 2.5% | ||
| Q1 25 | 0.5% | 3.3% | ||
| Q4 24 | 10.5% | 1.9% | ||
| Q3 24 | 9.3% | 2.0% | ||
| Q2 24 | 3.6% | 4.3% | ||
| Q1 24 | -0.3% | 0.6% |
| Q4 25 | 1.3% | 1.4% | ||
| Q3 25 | 1.5% | 1.1% | ||
| Q2 25 | 1.4% | 0.8% | ||
| Q1 25 | 2.2% | 0.9% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 1.2% | 0.8% | ||
| Q2 24 | 0.9% | 0.7% | ||
| Q1 24 | 1.2% | 1.0% |
| Q4 25 | 2.04× | 1.59× | ||
| Q3 25 | 2.18× | 2.29× | ||
| Q2 25 | 0.09× | 1.49× | ||
| Q1 25 | 0.66× | 3.40× | ||
| Q4 24 | 1.79× | 4.29× | ||
| Q3 24 | 2.23× | 1.82× | ||
| Q2 24 | 0.96× | 2.43× | ||
| Q1 24 | 0.19× | 1.70× |
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% |
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
