HPE
Hewlett Packard Enterprise Company
HPE has the edge over JPM overall, supported by stronger fundamentals and stronger modeled upside.
JPM
JPMorgan Chase & Co.
JPM has lower modeled downside risk, despite its lower overall score.
HPE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Stable |
HPE's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
JPM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
JPM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like JPM.
HPE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.4x | $12.41 | -75% |
| Forward | 11x | $50.16 | — |
| Fair | 16x | $30.89 | -38% |
| Expensive | 26x | $49.82 | -0.7% |
| Current | 26x | $50.16 | — |
Historical ranges are pointers, not guarantees.
HPE's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
JPM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $231 | -33% |
| Fair | 12x | $287 | -16% |
| Current | 14x | $343 | — |
| Forward | 14x | $343 | — |
| Expensive | 15x | $361 | +5.2% |
Historical ranges are pointers, not guarantees.
JPM has the edge over HPE in the historical PE scenario, which offers more potential upside but is not a forecast.
HPE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
HPE has the edge over JPM on the outlook, with more favorable valuation expectations.
JPM Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for JPM, with profitability improving.
HPE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.68 | +141% |
| Q3 2026 | $1.94 | +128% |
| Q2 2026 | $1.09 | +6.9% |
| Q1 2026 | -$0.17 | -108% |
| Q4 2025 | -$0.04 | -102% |
| Q3 2025 | $0.85 | -39% |
| Q2 2025 | $1.02 | -26% |
| Q1 2025 | $2.08 | +43% |
| Q4 2024 | $1.93 | +25% |
HPE's earnings per share have fallen from their peak: $1.94 over the past year, against $2.82 in mid-2022.
JPM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.99 | +4.8% |
| Q3 2026 | $23.85 | +18% |
| Q2 2026 | $23.35 | +20% |
| Q1 2026 | $20.89 | +2.5% |
| Q4 2025 | $20.02 | +1.4% |
| Q3 2025 | $20.20 | +12% |
| Q2 2025 | $19.50 | +8.7% |
| Q1 2025 | $20.38 | +23% |
| Q4 2024 | $19.75 | +22% |
JPM has the edge over HPE on earnings, with more consistent year-over-year improvement.
HPE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.2B | +34% |
| Q2 2026 | $10.7B | +40% |
| Q1 2026 | $9.3B | +18% |
| Q4 2025 | $9.7B | +14% |
| Q3 2025 | $9.1B | +18% |
| Q2 2025 | $7.6B | +5.9% |
| Q1 2025 | $7.9B | +16% |
| Q4 2024 | $8.5B | +15% |
HPE has the edge over JPM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +8.7 points |
| Q2 2026 | 7% | +22 points |
| Q1 2026 | 5% | -0.5 points |
| Q4 2025 | -0.1% | -8.3 points |
| Q3 2025 | 2.7% | -4.4 points |
| Q2 2025 | -15% | -20 points |
| Q1 2025 | 5.5% | -2.3 points |
| Q4 2024 | 8.2% | +1.3 points |
HPE's operating margin was 11% last quarter, up 8.7 points from the same quarter a year ago, near the top of its range since 2019.
JPM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $50.2B | +8.1% |
| Q2 2026 | $57.3B | +28% |
| Q1 2026 | $49.8B | +10% |
| Q4 2025 | $45.8B | +7.1% |
| Q3 2025 | $46.4B | +8.8% |
| Q2 2025 | $44.9B | -11% |
| Q1 2025 | $45.3B | +8.1% |
| Q4 2024 | $42.8B | +11% |
JPM's revenue has grown year over year for five quarters in a row: $50.2B last quarter, up 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | -0.2 points |
| Q2 2026 | 48% | +7.3 points |
| Q1 2026 | 41% | +0.5 points |
| Q4 2025 | 37% | -3.2 points |
| Q3 2025 | 40% | +0.6 points |
| Q2 2025 | 41% | -6 points |
| Q1 2025 | 41% | -0.6 points |
| Q4 2024 | 41% | +11 points |
JPM has the edge over HPE on profitability, with a higher operating margin.
HPE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $896M | +23% |
| Q2 2026 | $827M | +$1.8B |
| Q1 2026 | $609M | +$1.5B |
| Q4 2025 | $1.8B | +28% |
| Q3 2025 | $729M | +19% |
| Q2 2025 | -$1B | -289% |
| Q1 2025 | -$918M | -$326M |
| Q4 2024 | $1.4B | -34% |
HPE has the edge over JPM on cash generation, producing positive trailing cash flow while its opponent burns cash.
JPM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $33.2B | +$78.4B |
| Q2 2026 | -$25.3B | -186% |
| Q1 2026 | -$211.8B | +$40.1B |
| Q4 2025 | $119.7B | -19% |
| Q3 2025 | -$45.2B | +$28.9B |
| Q2 2025 | $29.5B | -23% |
| Q1 2025 | -$251.8B | -$97.7B |
| Q4 2024 | $147.8B | +145% |
JPM's free cash flow was −$84.2B over the past year, against −$120B the year before. Free cash flow isn't a meaningful measure for financial services companies like JPM.
HPE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +17M shares |
| 1 year | +2% | +28M shares |
| 3 years | +10% | +133M shares |
| 5 years | +8.3% | +111M shares |
| Available history | +6.1% | +83M shares |
HPE has 1.4B diluted shares, up 2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $135M |
| Q2 2026 | $154M |
| Q1 2026 | $158M |
| Q4 2025 | $100M |
| Q3 2025 | — |
| Q2 2025 | $50M |
| Q1 2025 | $52M |
| Q4 2024 | $50M |
HPE spent $547M buying back its own shares over the past year, about four times what it spent the year before.
JPM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -11.2M shares |
| 1 year | -3.1% | -84.6M shares |
| 3 years | -8.5% | -249M shares |
| 5 years | -11% | -322M shares |
| Available history | -17% | -547M shares |
JPM has the edge over HPE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1B |
| Q2 2026 | $6.8B |
| Q1 2026 | $8.3B |
| Q4 2025 | $8.3B |
| Q3 2025 | $8.3B |
| Q2 2025 | $7.5B |
| Q1 2025 | $7.5B |
| Q4 2024 | $4.3B |
JPM spent $24.5B buying back its own shares over the past year, down 11% from the year before.
HPE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 6.4x | High |
| Q4 2025 | 7.2x | High |
| Q3 2025 | 6.9x | High |
| Q2 2025 | 2.0x | Healthy |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 0.7x | Very low |
HPE's net debt is about 2.3 years of its operating earnings (EBITDA), down from 6.9 years a year ago.
JPM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | 0.5x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 0.6x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.4x | Very low |
JPM has the edge over HPE on leverage, with a lower net debt burden relative to earnings.
HPE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.0 | Neutral |
| Stochastic | 22.0 | Neutral |
HPE's weekly RSI is 50 (neutral) and its Stochastic is 22 (neutral).
JPM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.8 | Neutral |
| Stochastic | 31.5 | Neutral |
JPM's weekly RSI is 55 (neutral) and its Stochastic is 31 (neutral).
HPE PE vs Technology Sector
| Metric | HPE | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 28x | 7.2% below |
| PE % | 83 | 35 | 48 pts above |
HPE has the edge over JPM on valuation relative to its sector.
JPM PE vs Financial Services Sector
| Metric | JPM | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 10% above |
| PE % | 76 | 63 | 13 pts above |
JPM is trading at 14x earnings, a 10% premium to the Financial Services sector's median of 13x.
HPE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $58.5 | 14% below |
| 20 week MA | $54.6 | 8.1% below |
| 50 week MA | $38.8 | 29% above |
| 100 week MA | $29.6 | 70% above |
| 200 week MA | $23.5 | 114% above |
HPE has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 114% above its 200-week average.
JPM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $336.8 | 1.8% above |
| 20 week MA | $345.3 | 0.7% below |
| 50 week MA | $323.2 | 6.1% above |
| 100 week MA | $298.9 | 15% above |
| 200 week MA | $236.6 | 45% above |
JPM has the edge over HPE on trend strength, trading above more of its moving averages.
HPE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.9 | $11.8 | -26% |
| 2021 | $11.8 | $15.8 | +34% |
| 2022 | $15.8 | $15.8 | -0.1% |
| 2023 | $15.8 | $17.0 | +7.8% |
| 2024 | $17.0 | $21.7 | +28% |
| 2025 | $21.7 | $24.5 | +13% |
| 2026 YTD | $24.5 | $50.2 | +105% |
HPE has the edge over JPM on returns for 2026, with the stronger performance.
JPM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $139.1 | $124.5 | -11% |
| 2021 | $124.5 | $157.3 | +26% |
| 2022 | $157.3 | $131.3 | -17% |
| 2023 | $131.3 | $170.1 | +30% |
| 2024 | $170.1 | $241.2 | +42% |
| 2025 | $241.2 | $327.9 | +36% |
| 2026 YTD | $327.9 | $342.8 | +4.5% |
JPM has finished higher in four of the last six years. It's up 4.5% so far in 2026.