Recent News
Aug 5, 2026 — Company filed an 8-K and issued a press release outlining its fiscal third quarter results for the period ended June 30, 2026 and scheduled a management webcast on August 6. Aug 18–31, 2026 — Multiple regulatory filings recorded coordinated insider sales on August 18 and several institutional filings showing new or increased positions (including an August 31 filing naming Alyeska Investment Group). Numerous asset-management filings surfaced across late August reporting portfolio adjustments.
Technical Analysis
ADX / DI+ / DI-: ADX at 34.04 signals a strong trend. DI+ at 29.31 shows a decreasing trend, while DI- at 16.58 shows a dip & reversal; the directional system therefore favors a bearish directional bias given falling DI+ and a DI- dip-and-reverse.
MACD: MACD sits at 1.06 with the signal line at 1.54 and the MACD trend decreasing; MACD below its signal line confirms bearish momentum at present.
MRO: MRO equals 34.99 and the MRO trend decreases; the positive MRO suggests price trades above the calculated target and carries potential for downward mean reversion.
RSI: RSI reads 55.28 with a decreasing trend, indicating momentum still above neutral but eroding toward equilibrium.
Price vs Moving Averages and Bands: Last close at $41.66 sits below the 20-day average of $44.00 and beneath the 1x lower Bollinger band at $42.24, while remaining above the 50-day average ($39.27) and the 200-day average ($35.57). The 12-day EMA shows a peak & reversal, which aligns with the bearish momentum profile and short-term resistance clustered near $44–$46 (20-day average and the superTrend upper at $46.33).
Fundamental Analysis
Revenue & Profitability: Total revenue registered at $932,362,000 with reported revenue growth of -8.33% (revenueGrowth). YoY revenue growth displays -116.65% by the provided YoY metric; operating margin stands at -1.34% and EBIT margin at -2.23%. Both margins worsened QoQ: EBIT margin declined by -61.07% QoQ and by -131.06% YoY, reflecting compression in operating profitability versus prior periods.
Cash Flow & Liquidity: Operating cash flow reached $36,579,000 while free cash flow came in negative at -$26,281,000, producing a free cash flow yield of -0.74%. Cash and short-term investments total $199,147,000 and the current ratio measures 1.71, in line with the industry peer mean of 1.73989 but slightly below the industry peer median of 1.62752 when rounded to comparable scale.
Leverage & Coverage: Total debt sits at $2,002,433,000 with net debt of $1,825,237,000. Debt-to-equity equals 0.79 and debt-to-assets equals 0.316; interest coverage shows negative at -0.80, signaling coverage weakness relative to the industry peer mean interest coverage of 2.2067.
Returns & Efficiency: Return on equity registers -2.32% and return on assets -0.92%, both below the industry peer mean levels (industry peer mean ROE ~0.49% and ROA ~0.33%). Asset turnover reads 0.1457, above the industry peer mean of 0.1013, indicating relatively higher revenue generation per asset despite margin pressure.
Valuation Multiples: Price-to-book equals 1.41, marginally above the industry peer mean book multiple of 1.34733; price-to-sales at 3.81 falls below the industry peer mean of 8.31608. Forward PE sits near 96.3 and forward PE relative to industry peer mean shows the company trading at elevated forward earnings multiples versus peers that post a forward PE mean near 69.29. Enterprise value multiples show an enterprise multiple of 33.49 versus an industry peer mean of 39.79, placing HP below that peer mean on EV multiples.
Valuation Statement: The current valuation as determined by WMDST classifies the stock as over-valued, a conclusion that aligns with stretched forward earnings multiples and negative free cash flow while profitability metrics lag the industry peer mean.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-08-05 |
| NEXT REPORT DATE: | 2026-11-04 |
| CASH FLOW | Begin Period Cash Flow | $ 279.5 M |
| Operating Cash Flow | $ 36.6 M | |
| Capital Expenditures | $ -62.86 M | |
| Change In Working Capital | $ -89.86 M | |
| Dividends Paid | $ -25.42 M | |
| Cash Flow Delta | $ -75.47 M | |
| End Period Cash Flow | $ 204.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 932.4 M | |
| Forward Revenue | $ -138.60 M | |
| COSTS | ||
| Cost Of Revenue | $ 841.9 M | |
| Depreciation | $ 180.7 M | |
| Depreciation and Amortization | $ 180.7 M | |
| Research and Development | $ 7.0 M | |
| Total Operating Expenses | $ 944.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 90.4 M | |
| EBITDA | $ 160.0 M | |
| EBIT | $ -20.75 M | |
| Operating Income | $ -12.45 M | |
| Interest Income | $ 2.2 M | |
| Interest Expense | $ 25.8 M | |
| Net Interest Income | $ -23.66 M | |
| Income Before Tax | $ -46.56 M | |
| Tax Provision | $ 9.3 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ -58.61 M | |
| Net Income From Continuing Operations | $ -55.86 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.10 | |
| EPS Actual | — | |
| EPS Difference | $ 0.00 | |
| EPS Surprise | 0.0 % | |
| Forward EPS | $ 0.35 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 6.3 B | |
| Intangible Assets | $ 626.4 M | |
| Net Tangible Assets | $ 1.9 B | |
| Total Current Assets | $ 1.5 B | |
| Cash and Short-Term Investments | $ 199.1 M | |
| Cash | $ 177.2 M | |
| Net Receivables | $ 810.6 M | |
| Inventory | $ 330.5 M | |
| Long-Term Investments | $ 61.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 177.2 M | |
| Short-Term Debt | $ 146.3 M | |
| Total Current Liabilities | $ 863.3 M | |
| Net Debt | $ 1.8 B | |
| Total Debt | $ 2.0 B | |
| Total Liabilities | $ 3.7 B | |
| EQUITY | ||
| Total Equity | $ 2.5 B | |
| Retained Earnings | $ 2.4 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 25.31 | |
| Shares Outstanding | 99.918 M | |
| Revenue Per-Share | $ 9.33 | |
| VALUATION | Market Capitalization | $ 3.6 B |
| Enterprise Value | $ 5.4 B | |
| Enterprise Multiple | 33.486 | |
| Enterprise Multiple QoQ | -12.049 % | |
| Enterprise Multiple YoY | 75.089 % | |
| Enterprise Multiple IPRWA | high: 87.066 mean: 39.785 HP: 33.486 median: 26.799 low: 21.461 |
|
| EV/R | 5.746 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.506 | |
| Asset To Liability | 1.71 | |
| Debt To Capital | 0.442 | |
| Debt To Assets | 0.316 | |
| Debt To Assets QoQ | 0.397 % | |
| Debt To Assets YoY | 2.159 % | |
| Debt To Assets IPRWA | high: 0.606 HP: 0.316 mean: 0.279 median: 0.256 low: 0.158 |
|
| Debt To Equity | 0.792 | |
| Debt To Equity QoQ | 1.379 % | |
| Debt To Equity YoY | 3.736 % | |
| Debt To Equity IPRWA | HP: 0.792 high: 0.644 mean: 0.44 median: 0.418 low: 0.221 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.405 | |
| Price To Book QoQ | 24.046 % | |
| Price To Book YoY | 74.599 % | |
| Price To Book IPRWA | high: 1.949 median: 1.452 HP: 1.405 mean: 1.347 low: 0.823 |
|
| Price To Earnings (P/E) | -93.602 | |
| Price To Earnings QoQ | -52.463 % | |
| Price To Earnings YoY | -115.756 % | |
| Price To Earnings IPRWA | high: 171.971 HP: -93.602 mean: -165.743 median: -202.961 low: -562.033 |
|
| PE/G Ratio | -0.61 | |
| Price To Sales (P/S) | 3.812 | |
| Price To Sales QoQ | 31.451 % | |
| Price To Sales YoY | 63.937 % | |
| Price To Sales IPRWA | high: 13.242 mean: 8.316 median: 7.843 HP: 3.812 low: 3.156 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 96.312 | |
| Forward PE/G | 0.628 | |
| Forward P/S | -25.642 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 7.724 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.146 | |
| Asset Turnover Ratio QoQ | -5.682 % | |
| Asset Turnover Ratio YoY | -6.349 % | |
| Asset Turnover Ratio IPRWA | high: 0.204 HP: 0.146 mean: 0.101 median: 0.087 low: 0.067 |
|
| Receivables Turnover | 1.213 | |
| Receivables Turnover Ratio QoQ | -11.772 % | |
| Receivables Turnover Ratio YoY | -27.584 % | |
| Receivables Turnover Ratio IPRWA | high: 1.904 mean: 1.479 median: 1.326 HP: 1.213 low: 1.132 |
|
| Inventory Turnover | 2.569 | |
| Inventory Turnover Ratio QoQ | -3.559 % | |
| Inventory Turnover Ratio YoY | -32.889 % | |
| Inventory Turnover Ratio IPRWA | high: 21.795 mean: 5.385 HP: 2.569 low: 0.376 median: 0.376 |
|
| Days Sales Outstanding (DSO) | 75.234 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 90.527 | |
| Cash Conversion Cycle Days QoQ | 14.704 % | |
| Cash Conversion Cycle Days YoY | 59.029 % | |
| Cash Conversion Cycle Days IPRWA | high: 139.728 HP: 90.527 mean: 54.788 median: 27.561 low: -15.241 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.53 | |
| CapEx To Revenue | -0.067 | |
| CapEx To Depreciation | -0.348 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 4.4 B | |
| Net Invested Capital | $ 4.5 B | |
| Invested Capital | $ 4.5 B | |
| Net Tangible Assets | $ 1.9 B | |
| Net Working Capital | $ 609.4 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.231 | |
| Current Ratio | 1.706 | |
| Current Ratio QoQ | -15.794 % | |
| Current Ratio YoY | 1.397 % | |
| Current Ratio IPRWA | high: 1.994 mean: 1.74 HP: 1.706 median: 1.628 low: 1.538 |
|
| Quick Ratio | 1.323 | |
| Quick Ratio QoQ | -16.046 % | |
| Quick Ratio YoY | 0.227 % | |
| Quick Ratio IPRWA | high: 1.627 mean: 1.389 HP: 1.323 low: 1.205 median: 1.205 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 12.516 | |
| Cost Of Debt | 0.768 % | |
| Interest Coverage Ratio | -0.804 | |
| Interest Coverage Ratio QoQ | -64.588 % | |
| Interest Coverage Ratio YoY | -131.294 % | |
| Interest Coverage Ratio IPRWA | high: 5.775 mean: 2.207 median: 1.428 low: -0.605 HP: -0.804 |
|
| Operating Cash Flow Ratio | 0.025 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 19.287 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -2.306 | |
| Dividend Payout Ratio | -0.434 | |
| Dividend Rate | $ 0.25 | |
| Dividend Yield | 0.007 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -1.902 % | |
| Revenue Growth | -8.325 % | |
| Revenue Growth QoQ | -1694.828 % | |
| Revenue Growth YoY | -116.646 % | |
| Revenue Growth IPRWA | high: 3.643 % median: -1.105 % mean: -2.129 % HP: -8.325 % low: -13.398 % |
|
| Earnings Growth | 153.333 % | |
| Earnings Growth QoQ | -306.821 % | |
| Earnings Growth YoY | -262.488 % | |
| Earnings Growth IPRWA | high: 200.0 % HP: 153.333 % mean: -15.326 % median: -50.0 % low: -250.0 % |
|
| MARGINS | ||
| Gross Margin | 9.701 % | |
| Gross Margin QoQ | -35.232 % | |
| Gross Margin YoY | -37.109 % | |
| Gross Margin IPRWA | high: 86.772 % mean: 35.637 % median: 21.397 % HP: 9.701 % low: 4.455 % |
|
| EBIT Margin | -2.225 % | |
| EBIT Margin QoQ | -61.067 % | |
| EBIT Margin YoY | -131.058 % | |
| EBIT Margin IPRWA | high: 29.812 % mean: 17.496 % median: 17.004 % low: -0.948 % HP: -2.225 % |
|
| Return On Sales (ROS) | -1.335 % | |
| Return On Sales QoQ | -130.874 % | |
| Return On Sales YoY | -118.635 % | |
| Return On Sales IPRWA | high: 26.179 % median: 17.572 % mean: 13.688 % low: -1.281 % HP: -1.335 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -26.28 M | |
| Free Cash Flow Yield | -0.739 % | |
| Free Cash Flow Yield QoQ | -118.973 % | |
| Free Cash Flow Yield YoY | -83.0 % | |
| Free Cash Flow Yield IPRWA | high: 2.376 % mean: 0.203 % median: -0.42 % HP: -0.739 % low: -7.752 % |
|
| Free Cash Growth | -122.88 % | |
| Free Cash Growth QoQ | 527.964 % | |
| Free Cash Growth YoY | -58.764 % | |
| Free Cash Growth IPRWA | high: 679.191 % mean: 99.518 % median: -24.047 % low: -120.373 % HP: -122.88 % |
|
| Free Cash To Net Income | 0.448 | |
| Cash Flow Margin | 2.306 % | |
| Cash Flow To Earnings | -0.367 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | -0.916 % | |
| Return On Assets QoQ | -37.645 % | |
| Return On Assets YoY | -3764.0 % | |
| Return On Assets IPRWA | high: 1.609 % mean: 0.329 % median: -0.176 % low: -0.781 % HP: -0.916 % |
|
| Return On Capital Employed (ROCE) | -0.379 % | |
| Return On Equity (ROE) | -0.023 | |
| Return On Equity QoQ | -37.604 % | |
| Return On Equity YoY | -4239.286 % | |
| Return On Equity IPRWA | high: 0.026 mean: 0.005 median: -0.002 HP: -0.023 low: -0.024 |
|
| DuPont ROE | -2.284 % | |
| Return On Invested Capital (ROIC) | -0.275 % | |
| Return On Invested Capital QoQ | -72.222 % | |
| Return On Invested Capital YoY | -124.752 % | |
| Return On Invested Capital IPRWA | high: 2.245 % mean: 1.062 % median: 0.72 % low: -0.211 % HP: -0.275 % |
|