Dell Technologies DELL Ratios & Valuation
| FY'26 | FY'25 | FY'24 | FY'23 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 84%-6.4pp | 90.4%-3.1pp | 93.5%+7.5pp | 85.9%-5.5pp | |
| Operating margin | 27.5%+3.2pp | 24.3%+1.5pp | 22.8%+1.2pp | 21.6%+4.5pp | |
| Net margin | 19.7%+1.7pp | 18%+7.0pp | 11.1%-3.6pp | 14.7%-6.3pp | |
| EBITDA margin | 39.2%+1.1pp | 38.2%+1.1pp | 37.1%+2.2pp | 34.9%-3.6pp | |
| Free cash flow margin | 20.8%+6.1pp | 14.7%-8.1pp | 22.8%+13.1pp | 9.7%-33.8pp | |
| Returns | |||||
| Return on assets | 23.8%+3.5pp | 20.3%+8.5pp | 11.9%-3.1pp | 14.9%-1.9pp | |
| Return on invested capital | 124.7%+5.1pp | 119.6%+33.7pp | 85.9%+13.6pp | 72.3%+34.0pp | |
| Efficiency | |||||
| Asset turnover | 4.8×+0.3× | 4.5×+0.2× | 4.3×+0.2× | 4.1×+0.9× | |
| Inventory turnover | 47.2×-12.3× | 59.5×-0.9× | 60.4×-1.8× | 62.2×-9.1× | |
| Liquidity | |||||
| Current ratio | 3.4×+0.5× | 3×-0.1× | 3.1×-0.1× | 3.1×-0.1× | |
| Quick ratio | 2.9×+0.4× | 2.5×-0.3× | 2.8×+0.1× | 2.7×-0.2× | |
| Cash ratio | 0.7×+0.3× | 0.4×-0.3× | 0.6×+0.2× | 0.5×-0.5× | |
| Leverage | |||||
| Debt-to-assets | 1.4×+0.1× | 1.3×-0.1× | 1.3×0.0× | 1.3×-0.1× | |
| Net debt / EBITDA | 8.5×-0.9× | 9.4×+0.1× | 9.3×-0.4× | 9.7×-2.9× | |
| Valuation | |||||
| Market capitalization | $340.04B+3.5% | $328.54B+85.3% | $177.31B+42.9% | $124.12B-22.8% | |
| Enterprise value | $426.39B+3.5% | $412.05B+60.2% | $257.24B+20.8% | $213B-22.8% | |
| Price / earnings | 66.6×-12.6× | 79.2×+9.4× | 69.8×+30.8× | 39×+5.6× | |
| Price / sales | 3.3×-0.3× | 3.5×+1.6× | 1.9×+0.7× | 1.2×-0.5× | |
| EV / EBITDA | 41.9×-4.8× | 46.7×+16.7× | 30×+6.7× | 23.3×-7.0× | |
| EV / sales | 4.1×-0.3× | 4.4×+1.7× | 2.8×+0.8× | 2×-0.9× | |
| Free cash flow yield | 26.9%+10.7pp | 16.2%-30.4pp | 46.6%+15.5pp | 31.1%-71.8pp | |
| Earnings yield | 24.9%+4.3pp | 20.6%-2.4pp | 23.1%-25.1pp | 48.1%-1.4pp | |
| Dividend yield | 6.8%+0.9pp | 5.9%-3.9pp | 9.8%+1.6pp | 8.2%— | |
| PEG ratio | 3.2×+1.9× | 1.3×— | —— | —— |
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.
