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Dell Technologies DELL Free cash flow margin

Free cash flow margin at other companies

HP logo
HPHPQ
6.6%+1.7pp
International Business Machines logo
International Business MachinesIBM
18.7%-1.3pp
NetApp logo
NetAppNTAP
27%+6.6pp
Amazon logo
AmazonAMZN
1.4%-1.8pp
Super Micro Computer, Inc. logo
Super Micro Computer, Inc.SMCI
-20.3%
Hewlett Packard Enterprise logo
Hewlett Packard EnterpriseHPE
10.3%+9.9pp

Other financials

Income statement

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Revenue$43.8B+87.5%
Gross profit$7.8B+57.6%
Operating income$3.7B+214%
Net income$3.4B+256%
EPS (diluted)$5.24+282%

Balance sheet

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Cash & equivalents$11.6B+50.4%
Total debt$31.9B+7.9%
Total equity-$1.4B+53.6%
Total assets$114.91B+32.3%

Cash flow

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Operating cash flow$4.1B+46.0%
CapEx$963.0M+69.5%
Free cash flow$3.1B+40.0%

Valuation

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Market cap$271.76B+106%
Enterprise value$292.09B+78.0%
P/E32.3×+3.4×
P/S+0.7×

Profitability

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Gross margin19.1%-3.0pp
Operating margin7.9%+1.3pp
Net margin6.3%+1.6pp

Returns & leverage

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Return on equity138%
Debt / equity5.6×
Current ratio0.9×+0.1×

Where this comes from

Calculated from Dell Technologies’s reported figures.

Based on trailing twelve months.

The official record: Dell Technologies’s 10-Q, filed June 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dell Technologies's free cash flow margin?
Dell Technologies (DELL) reported free cash flow margin of 7% in Q1 2026.
How has Dell Technologies's free cash flow margin changed year-over-year?
Dell Technologies's free cash flow margin increased by 79.3% year-over-year, from 3.9% to 7%.
What is the long-term trend for Dell Technologies's free cash flow margin?
Over 4 years (2022 to 2026), Dell Technologies's free cash flow margin has grown at a -16.8% compound annual growth rate (CAGR), from 43.5% to 20.8%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.