Hewlett Packard Enterprise or Dell Technologies: Which Stock Has More Upside?
Even as Dell Technologies surged 17% during the past Month, its peer Hewlett Packard Enterprise may be a better choice. Consistently evaluating alternatives is core to sound investment approach. Hewlett Packard Enterprise (HPE) stock offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs Dell Technologies (DELL) stock, suggesting you may be better off investing in HPE
- HPE’s Last 12 Months revenue growth was 14.0%, vs. DELL’s 10.5%.
- In addition, its Last 3-Year Average revenue growth came in at 5.9%, ahead of DELL’s -1.3%.
- HPE’s 3-year average margin is stronger: 7.6% vs. DELL’s 6.1%.
Single stock can be risky, but there is a huge value to a broader diversified approach. If you seek an upside with less volatility than holding an individual stock, consider the High Quality Portfolio (HQ) – HQ has outperformed its benchmark – a combination of S&P 500, Russell, and S&P midcap index, and achieved returns exceeding 105% since its inception. Risk management is key – consider, what could long-term portfolio performance be if you blended 10% commodities, 10% gold, and 2% crypto with HQ’s performance metrics.
DELL operates in infrastructure, client devices, and VMware segments, offering desktops, workstations, software, and multi-cloud, networking, security, and digital workspace solutions. HPE provides data solutions, general and workload-optimized servers, and wired and wireless networking hardware including Wi-Fi access points, switches, routers, and sensors.
Valuation & Performance Overview
- Dell Technologies Stock Drop Looks Sharp, But How Deep Can It Go?
- Why Did Dell Stock Drop 22%?
- Buy or Sell Dell Technologies Stock?
- Dell Technologies Stock Slides 5.2% In A Single Day, Should You Buy The Stock?
- Dell Technologies Stock Down 5.2% In A Day. How Confident Are You In The Stock?
- S&P 500 Movers | Winners: ALB, KVUE, DAL | Losers: DELL, PHM, DHI
| DELL | HPE | Preferred | |
|---|---|---|---|
| Valuation | |||
| P/EBIT Ratio | 15.1 | 15.1 | HPE |
| Revenue Growth | |||
| Last Quarter | 19.0% | 18.5% | DELL |
| Last 12 Months | 10.5% | 14.0% | HPE |
| Last 3 Year Average | -1.3% | 5.9% | HPE |
| Operating Margins | |||
| Last 12 Months | 6.8% | 6.2% | DELL |
| Last 3 Year Average | 6.1% | 7.6% | HPE |
| Momentum | |||
| Last 3 Year Return | 345.6% | 87.5% | HPE |
Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
See more revenue details: DELL Revenue Comparison | HPE Revenue Comparison
See more margin details: DELL Operating Income Comparison | HPE Operating Income Comparison
But do these numbers tell the full story? Read Buy or Sell HPE Stock to see if Hewlett Packard Enterprise’s edge holds up under the hood or if Dell Technologies still has cards to play (see Buy or Sell DELL Stock).
Historical Market Performance
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | Avg | Best | |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| DELL Return | 43% | 52% | -27% | 96% | 53% | 36% | 528% | <=== | |
| HPE Return | -22% | 37% | 4% | 10% | 29% | 11% | 74% | ||
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 15% | 106% | ||
| Monthly Win Rates [3] | |||||||||
| DELL Win Rate | 67% | 75% | 33% | 75% | 75% | 56% | 63% | ||
| HPE Win Rate | 42% | 58% | 50% | 67% | 50% | 67% | 56% | ||
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 67% | 64% | <=== | |
| Max Drawdowns [4] | |||||||||
| DELL Max Drawdown | -44% | -3% | -39% | -8% | -2% | -38% | -22% | ||
| HPE Max Drawdown | -50% | -2% | -22% | -13% | -12% | -41% | -23% | ||
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | -12% | <=== | |
[1] Cumulative total returns since the beginning of 2020
[2] 2025 data is for the year up to 10/23/2025 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read HPE Dip Buyer Analyses and DELL Dip Buyer Analyses to see how these stocks have fallen and recovered in the past.