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HSBC Holdings plc HSBC

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89.45 USD +4.96 (+5.87%)

Nov 4, 2026, 3:34 PM EST

88.04 Day range 89.67
67.56 52-week range 107.92
YTD
+13.70%
1 year
+28.06%

Financial health

Altman Z-Score

0.11 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B-2 / 5 overall

  • DCF 3
  • Return on Equity 4
  • Return on Assets 2
  • Debt / Equity 1
  • P/E 2
  • P/B 2

Valuation

P/E 13.0×
FY 2016: 115×FY 2017: 21.5×FY 2018: 13.1×FY 2019: 26.1×FY 2020: 27.3×FY 2021: 9.7×FY 2022: 8.7×FY 2023: 7.1×FY 2024: 8.0×FY 2025: 13.0×
FY 2016 5y median 8.7× FY 2025
P/S 2.0×
FY 2016: 2.1×FY 2017: 2.7×FY 2018: 2.0×FY 2019: 1.7×FY 2020: 1.3×FY 2021: 1.6×FY 2022: 1.6×FY 2023: 1.2×FY 2024: 1.3×FY 2025: 2.0×
FY 2016 5y median 1.6× FY 2025
P/B 1.4×
FY 2016: 0.9×FY 2017: 1.1×FY 2018: 0.9×FY 2019: 0.9×FY 2020: 0.5×FY 2021: 0.6×FY 2022: 0.7×FY 2023: 0.9×FY 2024: 1.0×FY 2025: 1.4×
FY 2016 5y median 0.9× FY 2025
P/FCF 10.9×
FY 2016: 2.4×FY 2017: -16.0×FY 2018: 47.8×FY 2019: 6.0×FY 2020: 0.6×FY 2021: 1.2×FY 2022: 5.6×FY 2023: 4.5×FY 2024: 3.0×FY 2025: 10.9×
FY 2016 5y median 4.5× FY 2025
EV/EBITDA 6.4×
FY 2016: 9.1×FY 2017: 5.4×FY 2018: 4.7×FY 2019: 4.7×FY 2020: 11.0×FY 2021: 4.1×FY 2022: -1.1×FY 2023: 8.5×FY 2024: 3.9×FY 2025: 6.4×
FY 2016 5y median 4.1× FY 2025
EV/Sales 1.7×
FY 2016: 1.5×FY 2017: 1.4×FY 2018: 1.2×FY 2019: 1.2×FY 2020: 2.0×FY 2021: 1.3×FY 2022: -0.3×FY 2023: 2.2×FY 2024: 1.0×FY 2025: 1.7×
FY 2016 5y median 1.3× FY 2025
FCF Yield 9.2%
FY 2016: 42.1%FY 2017: -6.3%FY 2018: 2.1%FY 2019: 16.6%FY 2020: 171.0%FY 2021: 82.7%FY 2022: 17.8%FY 2023: 22.3%FY 2024: 33.6%FY 2025: 9.2%
FY 2016 5y median 22.3% FY 2025

Profitability

Gross Margin 53.0%
FY 2016: 83.1%FY 2017: 83.2%FY 2018: 76.9%FY 2019: 74.4%FY 2020: 81.7%FY 2021: 86.9%FY 2022: 70.5%FY 2023: 49.8%FY 2024: 47.0%FY 2025: 53.0%
FY 2016 5y median 53.0% FY 2025
Operating Margin 22.3%
FY 2016: 9.5%FY 2017: 22.4%FY 2018: 24.0%FY 2019: 14.1%FY 2020: 11.3%FY 2021: 25.6%FY 2022: 22.4%FY 2023: 23.4%FY 2024: 22.5%FY 2025: 22.3%
FY 2016 5y median 22.5% FY 2025
Net Margin 16.6%
FY 2016: 3.3%FY 2017: 14.1%FY 2018: 16.6%FY 2019: 7.8%FY 2020: 6.8%FY 2021: 18.8%FY 2022: 20.4%FY 2023: 18.2%FY 2024: 16.7%FY 2025: 16.6%
FY 2016 5y median 18.2% FY 2025
ROE 11.2%
FY 2016: 1.4%FY 2017: 5.7%FY 2018: 7.4%FY 2019: 4.0%FY 2020: 2.7%FY 2021: 7.0%FY 2022: 8.7%FY 2023: 12.7%FY 2024: 13.0%FY 2025: 11.2%
FY 2016 5y median 11.2% FY 2025
ROIC 1.9%
FY 2016: 0.3%FY 2017: 1.0%FY 2018: 1.3%FY 2019: 0.7%FY 2020: 0.4%FY 2021: 0.9%FY 2022: 1.2%FY 2023: 0.9%FY 2024: 2.1%FY 2025: 1.9%
FY 2016 5y median 1.2% FY 2025
ROA 0.7%
FY 2016: 0.1%FY 2017: 0.4%FY 2018: 0.5%FY 2019: 0.3%FY 2020: 0.2%FY 2021: 0.5%FY 2022: 0.5%FY 2023: 0.8%FY 2024: 0.8%FY 2025: 0.7%
FY 2016 5y median 0.7% FY 2025

Growth (YoY)

Revenue -6.4%
FY 2016: -14.4%FY 2017: 2.6%FY 2018: 8.2%FY 2019: 14.4%FY 2020: -18.2%FY 2021: -4.5%FY 2022: 3.0%FY 2023: 70.0%FY 2024: 10.6%FY 2025: -6.4%
FY 2016 FY 2025
Operating Income -7.4%
FY 2016: -62.3%FY 2017: 141.4%FY 2018: 15.9%FY 2019: -32.9%FY 2020: -34.2%FY 2021: 115.4%FY 2022: -9.8%FY 2023: 77.9%FY 2024: 6.5%FY 2025: -7.4%
FY 2016 FY 2025
EPS (diluted) -2.4%
FY 2016: -89.1%FY 2017: 585.7%FY 2018: 31.3%FY 2019: -52.4%FY 2020: -36.7%FY 2021: 226.3%FY 2022: 16.1%FY 2023: 58.3%FY 2024: 8.8%FY 2025: -2.4%
FY 2016 FY 2025
Free Cash Flow -59.1%
FY 2016: 2051.6%FY 2017: -119.3%FY 2018: 126.5%FY 2019: 662.4%FY 2020: 584.4%FY 2021: -43.6%FY 2022: -78.1%FY 2023: 60.8%FY 2024: 73.4%FY 2025: -59.1%
FY 2016 FY 2025

Financial Health

Current Ratio 0.3×
FY 2016: 19.3×FY 2017: 2.7×FY 2018: 17.8×FY 2019: 16.4×FY 2020: 32.6×FY 2021: 40.4×FY 2022: 28.3×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.3×
FY 2016 5y median 0.3× FY 2025
Quick Ratio 0.3×
FY 2016: 19.3×FY 2017: 2.7×FY 2018: 17.8×FY 2019: 16.4×FY 2020: 32.6×FY 2021: 40.4×FY 2022: 28.3×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.3×
FY 2016 5y median 0.3× FY 2025
Debt / Equity 1.3×
FY 2016: 0.5×FY 2017: 0.4×FY 2018: 0.6×FY 2019: 0.7×FY 2020: 1.9×FY 2021: 2.0×FY 2022: 1.1×FY 2023: 2.3×FY 2024: 1.3×FY 2025: 1.3×
FY 2016 5y median 1.3× FY 2025
Net Debt / EBITDA -1.5×
FY 2016: -3.7×FY 2017: -5.4×FY 2018: -2.8×FY 2019: -1.9×FY 2020: 3.6×FY 2021: -1.2×FY 2022: -7.0×FY 2023: 3.8×FY 2024: -1.2×FY 2025: -1.5×
FY 2016 5y median -1.2× FY 2025
Interest Coverage 0.5×
FY 2016: 0.6×FY 2017: 1.3×FY 2018: 1.0×FY 2019: 0.6×FY 2020: 0.6×FY 2021: 1.9×FY 2022: 0.8×FY 2023: 0.5×FY 2024: 0.4×FY 2025: 0.5×
FY 2016 5y median 0.5× FY 2025

Dividends

Dividend Yield 4.2%
FY 2016: 5.8%FY 2017: 4.4%FY 2018: 6.6%FY 2019: 6.2%FY 2020: 1.9%FY 2021: 5.2%FY 2022: 5.6%FY 2023: 7.7%FY 2024: 9.4%FY 2025: 4.2%
FY 2016 5y median 5.6% FY 2025
Payout Ratio 52.0%
FY 2016: 369.4%FY 2017: 83.4%FY 2018: 78.4%FY 2019: 132.4%FY 2020: 38.7%FY 2021: 45.9%FY 2022: 44.8%FY 2023: 51.8%FY 2024: 71.3%FY 2025: 52.0%
FY 2016 5y median 51.8% FY 2025

Annual · latest fiscal year ends 2025-12-31