HPE
Hewlett Packard Enterprise Company
HPE's fundamentals are strong, but it looks expensive: trading at 26x earnings, above its usual 16x. Analysts expect strong earnings growth, though they disagree widely on how much.
META
Meta Platforms, Inc.
META's fundamentals are mixed, but it looks cheap: trading at 21x earnings, below its usual 27x. Analysts expect earnings growth, though they disagree widely on how much.
HPE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Stable |
HPE's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
META Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Stable | |
| Healthy |
META's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
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.
META PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $624 | — |
| Cheap | 21x | $613 | -1.7% |
| Current | 21x | $624 | — |
| Fair | 27x | $803 | +29% |
| Expensive | 32x | $934 | +50% |
Historical ranges are pointers, not guarantees.
META 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 META on the outlook, with more favorable profitability expectations.
META Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for META, but weaker profitability. However, they disagree widely on these estimates.
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.
META Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $32.16 | +9.7% |
| Q3 2026 | $29.32 | +30% |
| Q2 2026 | $26.54 | -3.7% |
| Q1 2026 | $27.50 | +7.5% |
| Q4 2025 | $23.49 | -1.6% |
| Q3 2025 | $22.58 | +6.5% |
| Q2 2025 | $27.56 | +41% |
| Q1 2025 | $25.58 | +47% |
| Q4 2024 | $23.86 | +60% |
META 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's revenue has grown year over year for 10 quarters in a row: $12.2B last quarter, up 34% from the same quarter a year ago.
| 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.
META Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $64.6B | +26% |
| Q2 2026 | $60.8B | +28% |
| Q1 2026 | $56.3B | +33% |
| Q4 2025 | $59.9B | +24% |
| Q3 2025 | $51.2B | +26% |
| Q2 2025 | $47.5B | +22% |
| Q1 2025 | $42.3B | +16% |
| Q4 2024 | $48.4B | +21% |
META has the edge over HPE on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -20 points |
| Q2 2026 | 31% | -12 points |
| Q1 2026 | 41% | -0.9 points |
| Q4 2025 | 41% | -7 points |
| Q3 2025 | 40% | -2.7 points |
| Q2 2025 | 43% | +5 points |
| Q1 2025 | 41% | +3.6 points |
| Q4 2024 | 48% | +7.4 points |
META 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 META on cash flow, with more consistent year-over-year improvement.
META Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.2B | -110% |
| Q2 2026 | $1.7B | -81% |
| Q1 2026 | $13.2B | +19% |
| Q4 2025 | $14.8B | +9.3% |
| Q3 2025 | $11.2B | -32% |
| Q2 2025 | $9B | -19% |
| Q1 2025 | $11.1B | -14% |
| Q4 2024 | $13.6B | +16% |
META usually generates cash, though not every quarter: the latest was −$1.2B, but it generated $28.6B over the past year.
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.
META Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +7M shares |
| 1 year | 0% | +1M shares |
| 3 years | -2.6% | -68M shares |
| 5 years | -10% | -286M shares |
| Available history | -11% | -303M shares |
META has the edge over HPE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $3.3B |
| Q2 2025 | $10.2B |
| Q1 2025 | $12.8B |
| Q4 2024 | — |
META hasn't bought back shares in the past year.
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.
META Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.0x | Very low |
| Q4 2024 | -0.2x | Net Cash |
META 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).
META Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.2 | Neutral |
| Stochastic | 33.7 | Neutral |
META's weekly RSI is 48 (neutral) and its Stochastic is 34 (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 META on valuation relative to its sector.
META PE vs Communication Services Sector
| Metric | META | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 16x | 29% above |
| PE % | 18 | 26 | 8 pts below |
META is trading at 21x earnings, a 29% premium to the Communication Services sector's median of 16x.
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 the edge over META on trend strength, trading above more of its moving averages.
META Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $674.9 | 7.6% below |
| 20 week MA | $634.5 | 1.7% below |
| 50 week MA | $630.8 | 1.1% below |
| 100 week MA | $647.8 | 3.7% below |
| 200 week MA | $517.5 | 21% above |
META has fallen below most of its moving averages, though it's still 21% above its 200-week average.
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 META on returns for 2026, with the stronger performance.
META Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $208.1 | $267.4 | +28% |
| 2021 | $267.4 | $335.2 | +25% |
| 2022 | $335.2 | $118.0 | -65% |
| 2023 | $118.0 | $354.0 | +200% |
| 2024 | $354.0 | $599.8 | +69% |
| 2025 | $599.8 | $663.3 | +11% |
| 2026 YTD | $663.3 | $623.6 | -6% |
META's yearly returns have swung widely, from +200% in 2023 to −65% in 2022. It's down 6% so far in 2026.