A Decade of EBITDA: SAP SE vs. HP Inc.

A Financial Tug-of-War

In the ever-evolving landscape of global technology giants, SAP SE and HP Inc. have been pivotal players. Over the past decade, their EBITDA performance has showcased intriguing trends. From 2014 to 2023, SAP SE consistently outperformed HP Inc., with an average EBITDA approximately 27% higher. Notably, SAP SE's EBITDA peaked in 2020, reaching a remarkable 8.3 billion, while HP Inc. saw its highest in 2014, with 8.8 billion.

The Ups and Downs

HP Inc. experienced a significant dip in 2019, with EBITDA dropping by 60% from its 2014 peak. Conversely, SAP SE demonstrated resilience, maintaining a steady upward trajectory, except for a slight decline in 2021. The data for 2024 remains incomplete, leaving room for speculation on future trends. This financial duel between SAP SE and HP Inc. underscores the dynamic nature of the tech industry.