| Stage | IBM | % of rev | HPQ | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $17.1B | 100.00% | $15.7B | 100.00% | IBM ×1.09 |
| Gross profit | $9.7B | 56.80% | $2.9B | 18.79% | IBM +38.0pp |
| Operating income | $3.0B | 17.48% | $892M | 5.69% | IBM +11.8pp |
| Pre-tax income | $2.5B | 14.60% | $798M | 5.09% | IBM +9.5pp |
| Net income | $2.2B | 12.80% | $661M | 4.22% | IBM +8.6pp |
| Stage | IBM | HPQ | Gap · A − B |
|---|---|---|---|
| Revenue | $17.1B100.00% | $15.7B100.00% | IBM ×1.09 |
| Gross profit | 56.80%$9.7B | 18.79%$2.9B | IBM +38.0pp |
| Operating income | 17.48%$3.0B | 5.69%$892M | IBM +11.8pp |
| Pre-tax income | 14.60%$2.5B | 5.09%$798M | IBM +9.5pp |
| Net income |
| 12.80%$2.2B |
| 4.22%$661M |
| IBM +8.6pp |
IBM · SNX 10-KJan 24 '25
“Our primary OEM suppliers include Apple, Inc., Cisco Systems, Inc., Dell, Inc., Hewlett-Packard Enterprise Company, HP Inc., International Business Machines Corporation, Lenovo Group Ltd., Microsoft Corporation, and Samsung Electronics Co., Ltd.”
HPQ · SNX 10-KJan 24 '25
“HP Inc. N/A (1) N/A (1) 10 %”