Dell Technologies DELL
PCs & servers. Dell Technologies Inc., listed on NYSE.
Based on the FY2026 annual report (Feb 2025 – Jan 2026)
Dell Technologies' market cap is
about $202.8 billion.
#52 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2026 revenue was $113.538B.
- Share price (close)
- $316.91
- P/E ratio
- 36.5x
- Market cap
- $202.8B
- Revenue
- $113.538B
- Operating income
- $8.149B
- Net income
- $5.936B
- Free cash flow
- $8.552B
- Total assets
- $101.286B
- Dividends paid
- $1.459B
- Dividend per share
- $2.10
- Dividend yield
- 0.7%
- Shares outstanding
- 652,000,000 shares
Where the revenue went
Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.
- Cost of revenue80.0%
- R&D2.8%
- SG&A and other10.1%
- Taxes, interest & other1.9%
- Net income5.2%
Profitability and stability
Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.
- Revenue growthHow much revenue grew from the previous fiscal year
- +18.8%
- #52 of 299
- Revenue is growing steadily. The median across 299 companies is +7.9%.
- Operating marginShare of revenue kept as profit from the core business
- 7.2%
- #188 of 231
- 7.2% of revenue was kept as operating profit, which is on the low side. The median across 231 companies is 19.2%.
- Net marginShare of revenue left as profit after interest and taxes
- 5.2%
- #246 of 298
- After taxes, 5.2% of revenue was left as net income. The median across 298 companies is 14.0%.
- FCF marginShare of revenue left as cash after capital spending
- 7.5%
- #193 of 261
- Cash is left over after capital spending. The median across 261 companies is 15.8%.
- ROEHow much profit the company earned on shareholders' equity in a year
- —
- Not ranked
- The filing doesn't include the items needed to calculate this.
- Debt-to-equityLiabilities relative to equity. Lower means less debt
- —
- Not ranked
- The filing doesn't include the items needed to calculate this.
Revenue and profit over time
Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.
Where the cash went
Unlike profit, cash flow is money that actually came in and went out.
- Cash from operations$11.185B
- Capital spending−$2.633B
- Free cash flow (FCF)$8.552B
- Dividends paid−$1.459B
Whose money funds the assets
The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).
- Total assets$101.286B
- Total liabilities$103.756B
- Total equity−$2.47B
- Cash and equivalents$11.528B
Compared with similar companies
Based on each company's latest annual report, so fiscal year ends may differ.
Compare in detail| Company | Annual revenue | Net income | Revenue growth | Operating margin | Net margin |
|---|---|---|---|---|---|
| Dell TechnologiesDELL | $113.538B | $5.936B | +18.8% | 7.2% | 5.2% |
| Arista NetworksANET | $9.0057B | $3.5114B | +28.6% | 42.8% | 39.0% |
| AmphenolAPH | $23.0947B | $4.2703B | +51.7% | 25.4% | 18.5% |
| SandiskSNDK | $20.248B | $11.433B | +175.3% | 61.2% | 56.5% |
| CiscoCSCO | $63.325B | $13.267B | +11.8% | 24.3% | 20.9% |
What the company does
Dell Technologies sells PCs, AI servers and storage systems.
The fiscal year ends around January each year.
Related companies: Arista Networks, Amphenol, Sandisk, Cisco
Financial statements
Last 5 fiscal years. Currency: US dollars.
Show the table
| Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | 101.197B | 102.301B | 88.425B | 95.567B | 113.538B |
| Cost of revenue | 79.306B | 79.615B | 67.356B | 74.317B | 90.831B |
| Gross profit | 21.891B | 22.686B | 21.069B | 21.25B | 22.707B |
| R&D expense | 2.577B | 2.779B | 2.801B | 3.061B | 3.142B |
| Operating income | 4.659B | 5.771B | 5.411B | 6.237B | 8.149B |
| Pretax income | 5.923B | 3.225B | 4.087B | 5.048B | 7.263B |
| Net income | 5.563B | 2.442B | 3.388B | 4.592B | 5.936B |
| EPS (diluted) | — | $3.24 | $4.60 | $6.38 | $8.68 |
| Operating cash flow | 10.307B | 3.565B | 8.676B | 4.521B | 11.185B |
| Capital expenditures | 2.796B | 3.003B | 2.756B | 2.652B | 2.633B |
| Free cash flow (FCF) | 7.511B | 562M | 5.92B | 1.869B | 8.552B |
| Dividends paid | 0 | 964M | 1.072B | 1.275B | 1.459B |
| Total assets | 92.735B | 89.611B | 82.126B | 79.746B | 101.286B |
| Total liabilities | 94.315B | 92.636B | 84.258B | 81.133B | 103.756B |
| Total equity | −1.58B | −3.025B | −2.132B | −1.482B | −2.47B |
| Cash and equivalents | 10.082B | 8.894B | 7.366B | 3.633B | 11.528B |
| Original filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: SEC EDGAR filings for Dell Technologies Inc. · CIK 0001571996 · US-GAAP