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Dell Technologies DELL Ratios & Valuation

FY'26FY'25FY'24FY'23
Profitability
Gross margin84%-6.4pp90.4%-3.1pp93.5%+7.5pp85.9%-5.5pp
Operating margin27.5%+3.2pp24.3%+1.5pp22.8%+1.2pp21.6%+4.5pp
Net margin19.7%+1.7pp18%+7.0pp11.1%-3.6pp14.7%-6.3pp
EBITDA margin39.2%+1.1pp38.2%+1.1pp37.1%+2.2pp34.9%-3.6pp
Free cash flow margin20.8%+6.1pp14.7%-8.1pp22.8%+13.1pp9.7%-33.8pp
Returns
Return on assets23.8%+3.5pp20.3%+8.5pp11.9%-3.1pp14.9%-1.9pp
Return on invested capital124.7%+5.1pp119.6%+33.7pp85.9%+13.6pp72.3%+34.0pp
Efficiency
Asset turnover4.8×+0.3×4.5×+0.2×4.3×+0.2×4.1×+0.9×
Inventory turnover47.2×-12.3×59.5×-0.9×60.4×-1.8×62.2×-9.1×
Liquidity
Current ratio3.4×+0.5×-0.1×3.1×-0.1×3.1×-0.1×
Quick ratio2.9×+0.4×2.5×-0.3×2.8×+0.1×2.7×-0.2×
Cash ratio0.7×+0.3×0.4×-0.3×0.6×+0.2×0.5×-0.5×
Leverage
Debt-to-assets1.4×+0.1×1.3×-0.1×1.3×0.0×1.3×-0.1×
Net debt / EBITDA8.5×-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 / earnings66.6×-12.6×79.2×+9.4×69.8×+30.8×39×+5.6×
Price / sales3.3×-0.3×3.5×+1.6×1.9×+0.7×1.2×-0.5×
EV / EBITDA41.9×-4.8×46.7×+16.7×30×+6.7×23.3×-7.0×
EV / sales4.1×-0.3×4.4×+1.7×2.8×+0.8×-0.9×
Free cash flow yield26.9%+10.7pp16.2%-30.4pp46.6%+15.5pp31.1%-71.8pp
Earnings yield24.9%+4.3pp20.6%-2.4pp23.1%-25.1pp48.1%-1.4pp
Dividend yield6.8%+0.9pp5.9%-3.9pp9.8%+1.6pp8.2%
PEG ratio3.2×+1.9×1.3×

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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.