How Does Dell Technologies Stock Stack Up Against Its Peers?
Dell Technologies (DELL) stock has delivered modest returns over the past year, trailing several major tech peers, but its foundational role in the AI and data-center boom demands a closer look. As of November 16, 2025, analysis reveals DELL exhibits robust LTM revenue growth compared to larger competitors and a moderate PE valuation. However, its LTM operating and FCF margins significantly trail top market performers. While Dell is strategically positioned in enterprise infrastructure, being named a 2025 Market and Innovation Leader for File and Object Storage for AI, its upside potential may hinge on accelerating margin expansion to compete with pure-play specialists.
- DELL’s 6.8% operating margin trails AAPL’s 31.9% due to hardware focus vs. Apple’s high-margin software/services and premium ecosystem.
- DELL’s 10.5% revenue growth outpaces peers, driven by robust enterprise demand for its AI infrastructure solutions and servers.
- DELL’s 3.5% stock gain and 18.5 PE trails AAPL/IBM’s returns, indicating potential undervaluation given strong AI infrastructure growth.
Here’s how Dell Technologies stacks up across size, valuation, and profitability versus key peers.
| DELL | AAPL | IBM | HPQ | |
|---|---|---|---|---|
| Market Cap ($ Bil) | 90.7 | 4,059.7 | 285.5 | 23.2 |
| Revenue ($ Bil) | 101.5 | 408.6 | 65.4 | 54.7 |
| PE Ratio | 18.5 | 40.9 | 36.1 | 8.8 |
| LTM Revenue Growth | 10.5% | 6.0% | 4.5% | 2.6% |
| LTM Operating Margin | 6.8% | 31.9% | 17.7% | 6.7% |
| LTM FCF Margin | 4.8% | 23.5% | 18.1% | 5.2% |
| 12M Market Return | 3.5% | 21.6% | 53.0% | -30.5% |
For more details on Dell Technologies, read Buy or Sell DELL Stock. Nevertheless, individual stocks can be volatile and shake you out, but strategic allocation and diversification helps you stay invested. Our Boston-based, wealth management partner’s asset allocation approach is designed exactly for that.
Revenue Growth Comparison
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| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| DELL | 10.5% | 8.1% | -13.6% | 1.1% | |
| AAPL | 6.0% | – | 2.0% | -2.8% | 7.8% |
| IBM | 4.5% | – | 1.4% | 2.2% | 5.5% |
| HPQ | 2.6% | – | -0.3% | -14.6% | -0.9% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| DELL | 6.8% | 6.5% | 6.1% | 5.6% | |
| AAPL | 31.9% | – | 31.5% | 29.8% | 30.3% |
| IBM | 17.7% | – | 16.1% | 15.9% | 13.5% |
| HPQ | 6.7% | – | 7.8% | 7.9% | 8.1% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| DELL | 18.5 | 17.7 | 16.3 | 12.1 | |
| AAPL | 40.9 | – | 41.0 | 31.3 | 21.1 |
| IBM | 36.1 | – | 33.6 | 19.9 | 77.5 |
| HPQ | 8.8 | – | 11.5 | 9.1 | 8.9 |
While peer comparison is critical, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.