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Dell Technologies DELL Return on invested capital

Return on invested capital at other companies

HP logo
HPHPQ
34.6%-0.1pp
International Business Machines logo
International Business MachinesIBM
13.2%+4.1pp
NetApp logo
NetAppNTAP
68.2%+5.9pp
Amazon logo
AmazonAMZN
17.8%+0.4pp
Logitech International logo
Logitech InternationalLOGI
101.7%+18.0pp
Commvault Systems logo
Commvault SystemsCVLT
436.8%

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+39.9%

Valuation

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Market cap$261.93B+197%
Enterprise value$282.25B+158%
P/E31.2×+12.9×
P/S+1.1×

Profitability

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Gross margin19.1%-3.0pp
Operating margin7.9%+1.3pp
Net margin6.3%+1.6pp
FCF margin7%+3.1pp

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 source filing: Dell Technologies’s 10-Q, filed June 9, 2026. Open the filing →

Filed
Jun 9, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001571996-26-000030

FAQ

What is Dell Technologies's return on invested capital?
Dell Technologies (DELL) reported return on invested capital of 46.8% in Q1 2026.
How has Dell Technologies's return on invested capital changed year-over-year?
Dell Technologies's return on invested capital increased by 61.2% year-over-year, from 29% to 46.8%.
What is the long-term trend for Dell Technologies's return on invested capital?
Over 5 years (2021 to 2026), Dell Technologies's return on invested capital has grown at a 30.3% compound annual growth rate (CAGR), from 9.2% to 34.7%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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