Dell Technologies DELL Ratios & Valuation
| Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 19.1%-3.0pp | 20%-2.2pp | 20.8%-1.5pp | 21.1%-1.5pp | 22.1%-1.2pp | |
| Operating margin | 7.9%+1.3pp | 7.2%+0.7pp | 6.9%+0.9pp | 6.7%+0.8pp | 6.7%+0.8pp | |
| Net margin | 6.3%+1.6pp | 5.2%+0.4pp | 5%+0.5pp | 4.8%+0.3pp | 4.7%+0.5pp | |
| EBITDA margin | 10.2%+0.4pp | 9.8%+0.1pp | 9.8%+0.5pp | 9.7%+0.3pp | 9.8%+0.3pp | |
| Free cash flow margin | 7%+3.1pp | 7.5%+5.4pp | 4.4%+1.4pp | 4.9%+1.3pp | 3.9%-2.0pp | |
| Returns | ||||||
| Return on assets | 8.3%+2.9pp | 6.6%+0.9pp | 6.2%+1.0pp | 5.6%+0.7pp | 5.5%+0.9pp | |
| Return on invested capital | 46.8%+17.8pp | 34.7%+4.4pp | 30.6%-0.5pp | 30.4%-0.3pp | 29%+1.4pp | |
| Efficiency | ||||||
| Asset turnover | 1.3×+0.2× | 1.3×+0.1× | 1.2×+0.1× | 1.2×+0.1× | 1.2×+0.1× | |
| Inventory turnover | 9.7×-2.7× | 10.6×-3.8× | 12.1×-2.4× | 12.2×-2.7× | 12.4×-3.3× | |
| Liquidity | ||||||
| Current ratio | 0.9×+0.1× | 0.9×+0.1× | 0.9×+0.1× | 0.8×+0.1× | 0.9×+0.1× | |
| Quick ratio | 0.7×0.0× | 0.7×+0.1× | 0.7×+0.1× | 0.7×+0.1× | 0.7×+0.1× | |
| Cash ratio | 0.2×0.0× | 0.2×+0.1× | 0.2×+0.1× | 0.1×+0.1× | 0.2×0.0× | |
| Leverage | ||||||
| Debt-to-assets | 0.3×-0.1× | 0.3×0.0× | 0.4×+0.1× | 0.3×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 1.5×-0.8× | 1.9×-0.5× | 2.2×-0.1× | 2.2×-0.2× | 2.3×-0.1× | |
| Per Share | ||||||
| Book value per share | -$2.14+50.3% | —— | —— | —— | -$4.31— | |
| Valuation | ||||||
| Market capitalization | $135.86B+106% | $75.84B+4.9% | $108.58B+24.0% | $89.75B+11.5% | $65.88B-25.3% | |
| Enterprise value | $156.18B+78.0% | $96.54B+2.7% | $131.02B+21.2% | $111.08B+9.7% | $87.75B-19.2% | |
| Price / earnings | 16.2×+1.7× | 12.8×-3.0× | 20.8×+0.3× | 18.6×-0.9× | 14.4×-9.1× | |
| Price / sales | 1×+0.3× | 0.7×-0.1× | 1×+0.1× | 0.9×0.0× | 0.7×-0.3× | |
| EV / EBITDA | 11.4×+2.2× | 8.6×-1.4× | 12.8×+0.5× | 11.3×-0.4× | 9.2×-3.5× | |
| EV / sales | 1.2×+0.3× | 0.9×-0.1× | 1.3×+0.1× | 1.1×0.0× | 0.9×-0.3× | |
| Free cash flow yield | 7%+1.2pp | 11.3%+8.5pp | 4.2%+1.0pp | 5.6%+1.4pp | 5.8%-0.2pp | |
| Earnings yield | 6.2%-0.7pp | 7.8%+1.5pp | 4.8%-0.1pp | 5.4%+0.2pp | 6.9%+2.7pp | |
| Dividend yield | 1.1%-0.9pp | 1.9%+0.2pp | 1.3%-0.1pp | 1.5%+0.1pp | 2%+0.7pp | |
| PEG ratio | 0.2×-0.5× | 0.4×0.0× | 0.9×+0.6× | 1.1×+0.9× | 0.7×+0.4× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Dell Technologies's profit margins?
- Dell Technologies (DELL) runs a 19.1% gross margin and a 7.9% operating margin, with a 6.3% net margin.
- Where do Dell Technologies's ratios come from?
- Every ratio is computed from Dell Technologies's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
