HEWLETT-PACKARD FRANCE : revenue, balance sheet and financial ratios

HEWLETT-PACKARD FRANCE is a French company founded 44 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels. Based in PUTEAUX (92800), this company of category ETI shows in 2025 a revenue of 902.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - HEWLETT-PACKARD FRANCE (SIREN 652031857)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 902 752 699 € 863 933 827 € 978 672 302 € 815 795 332 € 730 327 425 € 680 251 793 € 852 089 658 € 873 708 629 € 1 024 114 533 € 1 496 333 625 €
Net income 21 679 401 € 39 749 615 € 35 741 928 € -15 851 595 € -22 579 512 € -22 736 454 € -31 956 288 € -34 714 979 € 23 949 050 € -49 174 810 €
EBITDA 12 717 222 € 17 311 641 € 5 535 260 € -2 791 320 € 6 556 634 € 3 129 239 € 616 868 € 3 473 991 € 5 188 260 € -34 098 574 €
Net margin 2.4% 4.6% 3.7% -1.9% -3.1% -3.3% -3.8% -4.0% 2.3% -3.3%

Revenue and income statement

In 2025, HEWLETT-PACKARD FRANCE achieves revenue of 902.8 M€. Revenue is declining over the period 2016-2025 (CAGR: -5.5%). Vs 2024: +4%. After deducting consumption (586.4 M€), gross margin stands at 316.3 M€, i.e. a rate of 35%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 12.7 M€, representing 1.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 21.7 M€, i.e. 2.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

902 752 699 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

316 308 106 €

EBITDA (2025) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

12 717 222 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

8 854 378 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

21 679 401 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.4%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 8%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

8.23%

Financial autonomy (2025) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

8.629%

Cash flow / Revenue (2025) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-1.032%

Repayment capacity (2025) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-0.437

Asset age ratio (2025) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

26.1%

Solvency indicators evolution
HEWLETT-PACKARD FRANCE

Sector positioning

Debt ratio
8.23 2025
2023
2024
2025
Q1: 0.02
Med: 9.71
Q3: 47.48
Good

In 2025, the debt ratio of HEWLETT-PACKARD FRANCE (8.23) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
8.63% 2025
2023
2024
2025
Q1: 19.0%
Med: 39.2%
Q3: 59.69%
Watch

In 2025, the financial autonomy of HEWLETT-PACKARD FRANCE (8.6%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
-0.44 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.11 years
Q3: 1.8 years
Excellent

In 2025, the repayment capacity of HEWLETT-PACKARD FRANCE (-0.44) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 124.95. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 46.2x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2025) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

124.948

Interest coverage (2025) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

46.152

Liquidity indicators evolution
HEWLETT-PACKARD FRANCE

Sector positioning

Liquidity ratio
124.95 2025
2023
2024
2025
Q1: 152.46
Med: 216.4
Q3: 341.64
Watch

In 2025, the liquidity ratio of HEWLETT-PACKARD FRANCE (124.95) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
46.15x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.7x
Q3: 7.18x
Excellent

In 2025, the interest coverage of HEWLETT-PACKARD FRANCE (46.1x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. The company must finance 12 days of gap between collections and payments. Inventory turnover is 21 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-74 days): operations structurally generate cash. Notable WCR improvement over the period (-79%), freeing up cash.

Operating WCR (2025) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

-184 432 376 €

Customer credit (2025) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

35 j

Supplier credit (2025) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

23 j

Inventory turnover (2025) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

21 j

WCR in days of revenue (2025) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

-74 j

WCR and payment terms evolution
HEWLETT-PACKARD FRANCE

Positioning of HEWLETT-PACKARD FRANCE in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels

Valuation estimate

Based on 61 transactions of similar company sales (all years), the value of HEWLETT-PACKARD FRANCE is estimated at 120 099 175 € (range 33 120 673€ - 184 945 283€). With an EBITDA of 12 717 222€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.33x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2025
61 tx
33120k€ 120099k€ 184945k€
120 099 175 € Range: 33 120 673€ - 184 945 283€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
12 717 222 € × 2.5x
Estimation 31 787 057 €
6 955 086€ - 64 562 475€
Revenue Multiple 30%
902 752 699 € × 0.33x
Estimation 296 550 646 €
86 492 592€ - 393 408 180€
Net Income Multiple 20%
21 679 401 € × 3.5x
Estimation 76 202 266 €
18 476 762€ - 173 207 959€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 61 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels)

Compare HEWLETT-PACKARD FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels

Frequently asked questions about HEWLETT-PACKARD FRANCE

What is the revenue of HEWLETT-PACKARD FRANCE ?

The revenue of HEWLETT-PACKARD FRANCE in 2025 is 902.8 M€.

Is HEWLETT-PACKARD FRANCE profitable?

Yes, HEWLETT-PACKARD FRANCE generated a net profit of 21.7 M€ in 2025.

Where is the headquarters of HEWLETT-PACKARD FRANCE ?

The headquarters of HEWLETT-PACKARD FRANCE is located in PUTEAUX (92800), in the department Hauts-de-Seine.

Where to find the tax return of HEWLETT-PACKARD FRANCE ?

The tax return of HEWLETT-PACKARD FRANCE is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does HEWLETT-PACKARD FRANCE operate?

HEWLETT-PACKARD FRANCE operates in the sector Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels (NAF code 46.51Z). See the 'Sector positioning' section above to compare the company with its competitors.