Dell Technologies DELL Ratios & Valuation
| TTM Q1 '27 | TTM Q4 '26 | TTM Q3 '26 | TTM Q2 '26 | TTM Q1 '26 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 81%-8.2pp | 84%-6.4pp | 86.2%-5.8pp | 87.7%-5.5pp | 89.2%-4.8pp | |
| Operating margin | 28.8%+3.7pp | 27.5%+3.2pp | 26.8%+3.0pp | 25.9%+2.5pp | 25.1%+2.0pp | |
| Net margin | 21.3%+2.7pp | 19.7%+1.7pp | 19.3%+2.2pp | 18.8%+3.2pp | 18.6%+5.4pp | |
| EBITDA margin | 39.6%+1.2pp | 39.2%+1.1pp | 39.2%+1.0pp | 38.7%+0.7pp | 38.5%+0.7pp | |
| Free cash flow margin | 23.9%+11.2pp | 20.8%+6.1pp | 15.4%-3.9pp | 14%-10.0pp | 12.7%-13.3pp | |
| Returns | ||||||
| Return on assets | 26.7%+5.4pp | 23.8%+3.5pp | 22.9%+4.3pp | 21.9%+5.2pp | 21.2%+7.1pp | |
| Return on invested capital | 142.5%+21.4pp | 124.7%+5.1pp | 120.3%+6.0pp | 120.7%+16.5pp | 121.1%+27.9pp | |
| Efficiency | ||||||
| Asset turnover | 5×+0.4× | 4.8×+0.3× | 4.7×+0.4× | 4.7×+0.4× | 4.6×+0.3× | |
| Inventory turnover | 44.5×-11.7× | 47.2×-12.3× | 51×-10.1× | 53.4×-7.7× | 56.2×-5.2× | |
| Liquidity | ||||||
| Current ratio | 3.5×+0.4× | 3.4×+0.5× | 3.3×+0.4× | 3.2×+0.3× | 3.1×+0.1× | |
| Quick ratio | 2.9×+0.3× | 2.9×+0.4× | 2.8×+0.2× | 2.7×+0.1× | 2.6×-0.1× | |
| Cash ratio | 0.7×+0.3× | 0.7×+0.3× | 0.6×+0.1× | 0.5×0.0× | 0.4×-0.2× | |
| Leverage | ||||||
| Debt-to-assets | 1.3×0.0× | 1.4×+0.1× | 1.4×+0.1× | 1.3×0.0× | 1.3×0.0× | |
| Net debt / EBITDA | 7.7×-1.7× | 8.5×-0.9× | 9×-0.4× | 9.1×-0.2× | 9.4×+0.2× | |
| Valuation | ||||||
| Market capitalization | $410.02B+33.9% | $340.04B+3.5% | $336.49B+6.7% | $315.44B+14.2% | $306.17B+30.8% | |
| Enterprise value | $494.83B+26.5% | $426.39B+3.5% | $423.83B+6.9% | $400.94B+12.6% | $391.14B+25.1% | |
| Price / earnings | 68.3×-1.8× | 66.6×-12.6× | 69.6×-11.3× | 69.2×-8.5× | 70.1×-7.5× | |
| Price / sales | 3.6×+0.4× | 3.3×-0.3× | 3.4×-0.1× | 3.3×+0.2× | 3.2×+0.7× | |
| EV / EBITDA | 44.1×+0.9× | 41.9×-4.8× | 43.3×-2.3× | 42.8×+1.4× | 43.2×+6.7× | |
| EV / sales | 4.4×+0.2× | 4.1×-0.3× | 4.2×-0.1× | 4.1×+0.2× | 4.1×+0.7× | |
| Free cash flow yield | 28%+12.1pp | 26.9%+10.7pp | 18.4%-5.0pp | 17.4%-17.4pp | 16%-28.4pp | |
| Earnings yield | 24.2%+0.9pp | 24.9%+4.3pp | 23.5%+3.5pp | 23.5%+2.6pp | 23.3%+2.4pp | |
| Dividend yield | 5.9%-0.8pp | 6.8%+0.9pp | 6.6%+0.7pp | 6.7%0.0pp | 6.7%-1.3pp | |
| PEG ratio | 2.7×+1.0× | 3.2×+1.9× | 3.2×+1.9× | 2.6×+1.4× | 1.7×— |
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.
