Gross margin
20.0% Fiscal year 2026
Rank 11 of 100: higher than 11% of 153 peers (All). weak.
Rank 8 of 100: higher than 8% of 57 peers (Sector). weak.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
Dell Technologies makes computers and data center equipment. These include laptops and desktop PCs for businesses and consumers, servers, including AI servers with Nvidia chips, and storage systems. The Texas company sells worldwide, mostly directly to businesses. As of Oct 11, 2026
Dell Technologies offers technology ranging from end-user devices and accessories to servers, networking and storage solutions. The Infrastructure Solutions Group supplies servers for artificial intelligence, traditional servers, networking equipment and storage systems. The Client Solutions Group sells notebooks, desktop computers and workstations as well as monitors, keyboards and other accessories. Customers can pay by subscription, lease, loan, based on usage or upfront, with Dell Financial Services providing financing. Sales are made through its own sales staff and partners to corporations, government agencies, education and healthcare institutions, smaller companies and consumers.
Automatically summarized from SEC annual report (10-K, filed Mar 16, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: yellowMargin: yellowDebt: gray
Dell Technologies · Sector Technology · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Mar 16, 2026.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Jan 30, 2026
20.0% Fiscal year 2026
Rank 11 of 100: higher than 11% of 153 peers (All). weak.
Rank 8 of 100: higher than 8% of 57 peers (Sector). weak.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
7.2% Fiscal year 2026
Rank 35 of 100: higher than 35% of 192 peers (All). medium.
Rank 43 of 100: higher than 43% of 60 peers (Sector). medium.
Median Technology: 14.2%
Operating income divided by revenue: what the core business earns before interest and taxes.
5.2% Fiscal year 2026
Rank 26 of 100: higher than 26% of 237 peers (All). weak.
Rank 39 of 100: higher than 39% of 63 peers (Sector). medium.
Median Technology: 12.5%
Profit after all costs, interest and taxes divided by revenue.
5.9% Fiscal year 2026 (total assets at year end)
Rank 49 of 100: higher than 49% of 238 peers (All). medium.
Rank 50 of 100: higher than 50% of 63 peers (Sector). medium.
Median Technology: 5.9%
Net income divided by total assets at fiscal year end.
−2.4% Fiscal year 2026
Rank 6 of 100: higher than 6% of 239 peers (All). weak.
Rank 1 of 100: higher than 1% of 63 peers (Sector). weak.
Median Technology: 51.6%
Equity as a share of total assets. Usually low for banks.
7.5% Fiscal year 2026
Rank 34 of 100: higher than 34% of 213 peers (All). medium.
Rank 36 of 100: higher than 36% of 62 peers (Sector). medium.
Median Technology: 19.0%
Free cash flow divided by revenue.
8.6B USD Fiscal year 2026
Operating cash flow minus capital expenditure on property and equipment.
+3.5% per year
Rank 28 of 100: higher than 28% of 230 peers (All). weak.
Rank 23 of 100: higher than 23% of 59 peers (Sector). weak.
Median Technology: +14.3%
Average growth per year over 3 fiscal years.
+3.8% per year
Rank 15 of 100: higher than 15% of 217 peers (All). weak.
Rank 12 of 100: higher than 12% of 54 peers (Sector). weak.
Median Technology: +14.5%
Average growth per year over 5 fiscal years.
+8.4% per year
Rank 58 of 100: higher than 58% of 157 peers (All). medium.
Rank 36 of 100: higher than 36% of 37 peers (Sector). medium.
Median Technology: +12.4%
Average growth per year over 10 fiscal years.
+38.9% per year
Rank 89 of 100: higher than 89% of 157 peers (All). strong.
Rank 80 of 100: higher than 80% of 32 peers (Sector). strong.
Median Technology: +19.2%
Growth of earnings per share per year, adjusted for stock splits.
+15.5% per year
Rank 56 of 100: higher than 56% of 146 peers (All). medium.
Rank 43 of 100: higher than 43% of 34 peers (Sector). medium.
Median Technology: +17.0%
Growth of earnings per share per year, adjusted for stock splits.
24% Fiscal year 2026
Dividend per share divided by earnings per share.
6.0x Fiscal year 2026
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
7 of 9 Fiscal year 2026
Rank 72 of 100: higher than 72% of 134 peers (All). strong.
Rank 70 of 100: higher than 70% of 44 peers (Sector). strong.
Median Technology: 6.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
negative equity at fiscal year end
No rank: too few peers or not computed yet.
Long-term financial debt divided by equity.
0.91 at fiscal year end
Rank 18 of 100: higher than 18% of 215 peers (All). weak.
Rank 7 of 100: higher than 7% of 63 peers (Sector). weak.
Median Technology: 2.02
Current assets divided by current liabilities.
−10.8% in 5 years
Rank 83 of 100: lower than 83% of 199 peers (All). strong.
Rank 89 of 100: lower than 89% of 51 peers (Sector). strong.
Median Technology: +2.8%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
Fiscal year 2026 (Feb 1, 2025 – Jan 30, 2026): Revenue 113.5B USD · Net income 5.9B USD · Net margin 5.2%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 20.0 USD gross profit, 7.2 USD operating income and 5.2 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 113.5B USD | 100.0% |
| Gross profit | 22.7B USD | 20.0% |
| Cost of revenue | 90.8B USD | 80.0% |
| Operating income | 8.1B USD | 7.2% |
| Research & development | 3.1B USD | 2.8% |
| Other operating expenses | 11.4B USD | 10.1% |
| Net income | 5.9B USD | 5.2% |
| Interest expense | 1.6B USD | 1.4% |
| Taxes & other (net) | 653.0M USD | 0.6% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin rose in 5 years from 5.5% to 7.2%.
Gross marginOperating marginNet marginReturn on equity fell within one year from −12.6% to −40.0%.
Return on equityReturn on assets Return on equity hidden where equity is below 5% of total assets.The equity ratio fell in 5 years from 2.0% to −2.4%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.The current ratio rose in 5 years from 0.80 to 0.91.
Current ratioFree cash flow fell in 5 years from 9.3B USD to 8.6B USD.
Operating cash flowCapital expenditureFree cash flow in USDThe share count fell in 5 years by 10.8% (mostly through share repurchases).
Diluted share countFrom annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
The dividend per share rose in 3 years from 1.32 USD to 2.10 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.The payout ratio fell in 3 years from 40.7% to 24.2%.
Payout ratio (earnings)Payout ratio (free cash flow)Over 5 years, 19.4B USD went back to shareholders, 75% of it through share repurchases. That is 79% of the free cash flow of those years. This was offset by new shares issued for 16.0M USD (including employee plans).
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDDividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Dell Technologies next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| NVDA Nvidia | 215.9B USD | +66.9% | 71.1% | 60.4% | 55.6% | 76.3% | 76.1% | 44.8% | 4/9 |
| MU Micron Technology | 133.2B USD | +36.9% | 80.7% | 74.6% | 63.8% | 61.4% | 70.6% | 44.3% | 8/9 |
| DELL Dell Technologies this stock | 113.5B USD | +3.8% | 20.0% | 7.2% | 5.2% | – | −2.4% | 7.5% | 7/9 |
| ACN Accenture | 74.2B USD | +8.0% | 32.0% | 15.4% | 11.3% | 26.5% | 42.9% | 15.7% | 6/9 |
| IBM IBM | 67.5B USD | −1.7% | 58.2% | – | 15.7% | 32.4% | 21.5% | 17.9% | 7/9 |
| ORCL Oracle Corporation | 67.4B USD | +10.7% | – | 30.6% | 25.4% | 40.2% | 16.2% | −35.2% | – |
| AVGO Broadcom | 63.9B USD | +21.7% | 67.8% | 39.9% | 36.2% | 28.4% | 47.5% | 42.1% | – |
| CSCO Cisco | 63.3B USD | +4.9% | 64.5% | 24.3% | 21.0% | 26.4% | 38.8% | 20.2% | 7/9 |
| INTC Intel | 52.9B USD | −7.5% | 34.8% | −4.2% | −0.5% | −0.2% | 54.1% | −9.4% | 6/9 |
| Median of the sector 63 symbols | 11.0B USD | +14.5% | 56.1% | 14.2% | 12.5% | 13.5% | 51.6% | 19.0% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
+3.8% per year, last 5 years
Sector Technology: median +13.5% (88 symbols)
What does this mean? Revenue: over 5 years it grew by 3.8% per year on average, but more slowly than the median company in the sector (+13.5%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+12.8% per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: +15.5% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 12.8% per year on average, but more slowly than the median company in the sector (+13.3%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
5.2% last fiscal year
Sector Technology: median 12.5% (97 symbols)
What does this mean? Of every 100 USD in revenue, 5.23 USD remained as profit – less than the median company in the sector (12.5%). Five years ago the margin was 3.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
– latest balance sheet
Sector Technology: median 0.45 (79 symbols)
What does this mean? Equity is negative (e.g. due to share buybacks). A debt-to-equity ratio cannot be formed meaningfully then.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
24% Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.24 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 30%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
7 of 10 fiscal years with a profit
What does this mean? In 7 of the last 10 fiscal years the bottom line showed a profit. 3 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2026 | Jan 30, 2026 | 113.5B | 5.9B | 5.2% | 8.68 | 2.10 | 24% |
| 2025 | Jan 31, 2025 | 95.6B | 4.6B | 4.8% | 6.38 | 1.78 | 28% |
| 2024 | Feb 2, 2024 | 88.4B | 3.2B | 3.6% | 4.60 | 1.48 | 32% |
| 2023 | Feb 3, 2023 | 102.3B | 2.4B | 2.4% | 3.24 | 1.32 | 41% |
| 2022 | Jan 28, 2022 | 101.2B | 5.6B | 5.5% | 6.26 | – | – |
| 2021 | Jan 29, 2021 | 94.2B | 3.3B | 3.4% | 4.22 | – | – |
| 2020 | Jan 31, 2020 | 92.2B | 4.6B | 5.0% | 6.03 | – | – |
| 2019 | Feb 1, 2019 | 90.6B | −2.3B | −2.5% | – | – | – |
| 2018 | Feb 2, 2018 | 79.0B | −3.7B | −4.7% | – | – | – |
| 2017 | Feb 3, 2017 | 62.2B | −1.7B | −2.7% | – | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q3/26 | Jul 31, 2026 | 47.0B | 4.1B | 8.8% | 6.34 | 0.63 | 10% |
| Q2/26 | May 1, 2026 | 43.8B | 3.4B | 7.8% | 5.24 | 0.63 | 12% |
| Q1/26* | Jan 30, 2026 | 33.4B | 2.3B | 6.8% | – | 0.53 | – |
| Q4/25 | Oct 31, 2025 | 27.0B | 1.5B | 5.7% | 2.28 | 0.53 | 23% |
| Q3/25 | Aug 1, 2025 | 29.8B | 1.2B | 3.9% | 1.70 | 0.53 | 31% |
| Q2/25 | May 2, 2025 | 23.4B | 965.0M | 4.1% | 1.37 | 0.53 | 38% |
| Q1/25 | Jan 31, 2025 | 23.9B | 1.5B | 6.4% | 2.15 | 0.45 | 21% |
| Q4/24 | Nov 1, 2024 | 24.4B | 1.1B | 4.6% | 1.58 | 0.45 | 28% |
| Q3/24 | Aug 2, 2024 | 25.0B | 846.0M | 3.4% | 1.17 | 0.45 | 38% |
| Q2/24 | May 3, 2024 | 22.2B | 960.0M | 4.3% | 1.32 | 0.45 | 34% |
| Q1/24 | Feb 2, 2024 | 22.3B | 1.2B | 5.4% | 1.66 | 0.37 | 22% |
| Q4/23 | Nov 3, 2023 | 22.3B | 1.0B | 4.5% | 1.36 | 0.37 | 27% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $1.0B12 people | −$1.0B |
| 6 months | $00 people | $2.5B15 people | −$2.5B |
| 12 months | $00 people | $3.6B20 people | −$3.6B |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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