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Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. DELL Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Dell Technologies (DELL)

Market Price (9/18/2025): $130.65 | Market Cap: $88.6 Bil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Dell Technologies (DELL)

Market Price (9/18/2025): $130.65
Market Cap: $88.6 Bil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%, FCF Yield is 5.5%		  Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%
1 Attractive cash flow generation
CFO LTM is 7.5 Bil, FCF LTM is 4.9 Bil		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%, FCF Yield is 5.5%
1 Attractive cash flow generation
CFO LTM is 7.5 Bil, FCF LTM is 4.9 Bil
2 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%

Market Valuation

 9/18/25202420232022
Share Price CYE$130.65$113.58$74.25$37.91
Market Cap CYE ($ Bil)88.679.853.627.6
Total Debt ($ Bil)28.724.626.029.6
Total Cash ($ Bil)8.13.67.48.6
Enterprise Value ($ Bil)109.1104.479.657.2
Valuation Ratios    
P/S TTM0.90.80.60.3
P/EBIT TTM11.912.69.96.5
P/E TTM18.017.716.312.1
Sector Ratios    
P/S TTM (Sector)3.23.12.82.5
P/EBIT TTM (Sector)3.9-0.0-0.1-0.5
P/E TTM (Sector)-0.4-0.3-0.4-0.5
 9/18/252024
Share Price CYE$130.65$113.58
Market Cap CYE ($ Bil)88.679.8
Total Debt ($ Bil)28.724.6
Total Cash ($ Bil)8.13.6
Enterprise Value ($ Bil)109.1104.4
Valuation Ratios  
P/S TTM0.90.8
P/EBIT TTM11.912.6
P/E TTM18.017.7
Sector Ratios  
P/S TTM (Sector)3.23.1
P/EBIT TTM (Sector)3.9-0.0
P/E TTM (Sector)-0.4-0.3

Market Cap Chart

Business Description

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
DELL Return43%52%-27%96%53%15%425%
Peers Return32%50%-24%50%28%33%283%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AAPL, IBM, HPQ, DELL, STX. See DELL Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Better Bets than Dell Technologies (DELL)

 DELLBetter Performance than DELL
MetricValueIndustry (Technology Hardware, Storage &)
Rev Chg LTM10.5%STX (38.9%), WDC (39.2%), HPE (14.0%), PSTG (11.3%), SMCI (46.6%)
Rev Chg 3Y Avg-1.3%AAPL (1.8%), WDC (8.3%), HPE (5.9%), PSTG (9.7%), SMCI (64.7%)
Op Mgn LTM6.8%AAPL (31.9%), STX (21.1%), WDC (21.1%), NTAP (21.8%), LOGI (14.6%)
CFO/Rev LTM7.4%AAPL (26.6%), STX (11.9%), WDC (12.7%), HPE (7.5%), PSTG (23.9%)
FCF/Rev LTM4.8%AAPL (23.5%), STX (9.0%), WDC (9.6%), PSTG (16.4%), SMCI (7.0%)
Total Yield7.1%HPQ (12.0%), AGMH (351.4%)
 DELLBetter Performance than DELL
MetricValueAll Other Sectors
Rev Chg LTM10.5%GOOGL (13.1%), AMZN (10.9%), META (19.4%), LLY (36.8%), V (11.4%)
Rev Chg 3Y Avg-1.3%GOOGL (10.2%), AMZN (11.3%), META (13.0%), TSLA (12.9%), BRK-B (16.6%)
Op Mgn LTM6.8%GOOGL (32.7%), AMZN (11.4%), META (42.9%), LLY (43.0%), V (66.5%)
CFO/Rev LTM7.4%GOOGL (36.0%), AMZN (18.1%), META (56.4%), TSLA (17.0%), LLY (20.5%)
FCF/Rev LTM4.8%GOOGL (18.0%), META (30.7%), TSLA (6.0%), V (56.8%), MA (49.2%)
Total Yield7.1%XOM (9.7%), JNJ (8.1%), BABA (37.9%), UNH (9.4%), KO (7.2%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Dell Technologies Earnings Notes  
2Should You Buy Dell Technologies Stock?Buy or Fear 
3DELL's One-Day Drop Offers a Chance to Reevaluate WDCCounter-Intuitive Comparisons 
4DELL Down 7.7% In A Month. How Confident Are You In The Stock?Return 
5Day 7 of Loss Streak for Dell Technologies Stock with -9.8% Return (vs. 13% YTD) [8/21/2025]Notification 
6Day 6 of Loss Streak for Dell Technologies Stock with -9.3% Return (vs. 13% YTD) [8/20/2025]Notification 
7How Does DELL Stack Up Against Its Peers?Peer Comparison 
8Better Bet Than DELL Stock: Pay Less Than Dell Technologies To Get More From OKE, CCL   
9Better Bet Than DELL Stock: Pay Less Than Dell Technologies To Get More From FSLR, IDCC   
10DELL Dip Buy Analysis  
11ARTICLES  
12Buy or Fear Dell Stock? September 2nd, 2025
13DELL Shares Sink 8.9% In A Day, Now Is Not The Time To Buy The Stock August 30th, 2025
14Big Decline for DELL, but Do WDC’s Margins and Growth Give It the Edge? August 30th, 2025
15DELL Fell 8.9% In A Day. What To Do Now? August 30th, 2025
16S&P 500 Movers | Winners: ADSK, COO, SJM | Losers: DELL, ULTA, ORCL August 29th, 2025
Title
0DASHBOARDS
1Buy or Fear Dell Stock?
2DELL Shares Sink 8.9% In A Day, Now Is Not The Time To Buy The Stock
3Big Decline for DELL, but Do WDC’s Margins and Growth Give It the Edge?
4DELL Fell 8.9% In A Day. What To Do Now?
5S&P 500 Movers | Winners: ADSK, COO, SJM | Losers: DELL, ULTA, ORCL
6ARTICLES
7Dell Technologies Earnings Notes
8Should You Buy Dell Technologies Stock?
9DELL's One-Day Drop Offers a Chance to Reevaluate WDC
10DELL Down 7.7% In A Month. How Confident Are You In The Stock?
11Day 7 of Loss Streak for Dell Technologies Stock with -9.8% Return (vs. 13% YTD) [8/21/2025]
12Day 6 of Loss Streak for Dell Technologies Stock with -9.3% Return (vs. 13% YTD) [8/20/2025]
13How Does DELL Stack Up Against Its Peers?
14Better Bet Than DELL Stock: Pay Less Than Dell Technologies To Get More From OKE, CCL 
15Better Bet Than DELL Stock: Pay Less Than Dell Technologies To Get More From FSLR, IDCC 
16DELL Dip Buy Analysis

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7HSDTHelius Medical Technologies232.1%-95.5%
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10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
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3NAKAKindly MD-70.2% 
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10RBNERobin Energy-42.6% 

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6NAKAKindly MD-88.1% 
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8JEM707 Cayman-87.4%-98.2%
9YAASYouxin Technology-83.3%-98.4%
10NEONNeonode-82.5%-51.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Dell Technologies

Financials

DELLAAPLIBMHPQSTXMedian
NameDell Tec.Apple Internat.HP Seagate . 
Mkt Price130.34238.99259.0827.90213.36213.36
Mkt Cap88.43,561.6241.226.445.988.4
Rev LTM101,451408,62564,03854,7119,09764,038
Op Inc LTM6,913130,21410,9293,6721,9156,913
FCF LTM4,86096,18411,6462,8438184,860
FCF 3Y Avg4,496100,50311,3463,0987034,496
CFO LTM7,477108,56513,2823,6961,0837,477
CFO 3Y Avg7,215111,55913,1043,7669817,215

Growth & Margins

DELLAAPLIBMHPQSTXMedian
NameDell Tec.Apple Internat.HP Seagate . 
Rev Chg LTM10.5%6.0%2.7%2.6%38.9%6.0%
Rev Chg 3Y Avg-1.3%1.8%2.4%-5.2%-3.0%-1.3%
Rev Chg Q19.0%9.6%7.7%3.1%29.5%9.6%
QoQ Delta Rev Chg LTM4.9%2.1%1.9%0.8%6.5%2.1%
Op Mgn LTM6.8%31.9%17.1%6.7%21.1%17.1%
Op Mgn 3Y Avg6.1%30.8%15.9%7.4%9.4%9.4%
QoQ Delta Op Mgn LTM0.1%0.1%0.7%-0.4%1.8%0.1%
CFO/Rev LTM7.4%26.6%20.7%6.8%11.9%11.9%
CFO/Rev 3Y Avg7.5%28.4%21.0%6.9%12.9%12.9%
FCF/Rev LTM4.8%23.5%18.2%5.2%9.0%9.0%
FCF/Rev 3Y Avg4.7%25.6%18.2%5.7%9.2%9.2%

Valuation

DELLAAPLIBMHPQSTXMedian
NameDell Tec.Apple Internat.HP Seagate . 
Mkt Cap88.43,561.6241.226.445.988.4
P/S0.98.73.80.55.03.8
P/EBIT11.827.429.98.125.025.0
P/E18.035.941.310.031.231.2
P/CFO11.832.818.27.142.418.2
Total Yield7.1%3.2%5.0%12.0%4.5%5.0%
Dividend Yield1.6%0.4%2.6%2.0%1.3%1.6%
FCF Yield 3Y Avg7.6%3.2%6.8%10.7%3.5%6.8%
D/E0.30.00.30.40.10.3
Net D/E0.20.00.20.30.10.2

Returns

DELLAAPLIBMHPQSTXMedian
NameDell Tec.Apple Internat.HP Seagate . 
1M Rtn-5.6%3.5%8.2%5.0%34.4%5.0%
3M Rtn12.3%21.7%-7.9%16.5%62.5%16.5%
6M Rtn33.4%11.3%4.1%-0.9%141.2%11.3%
12M Rtn13.6%10.8%24.4%-15.7%114.9%13.6%
3Y Rtn267.8%61.1%128.6%14.3%279.3%128.6%
1M Excs Rtn-8.0%1.2%5.9%2.7%32.1%2.7%
3M Excs Rtn2.6%12.0%-18.2%5.7%53.6%5.7%
6M Excs Rtn19.0%-4.9%-11.2%-18.2%126.4%-4.9%
12M Excs Rtn-1.2%-9.4%6.7%-30.2%97.4%-1.2%
3Y Excs Rtn185.8%-12.0%62.1%-50.4%185.3%62.1%

Comparison Analyses

Financials

$ Mil | FY: 1/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
Period End8/1/20255/2/20251/31/202511/1/20248/2/20245/3/20242/2/202411/3/20238/4/20235/5/20232/3/202310/28/2022
Filing Date9/8/20256/10/20253/25/202512/10/20249/10/20246/11/20243/25/202412/8/20239/12/20236/12/20233/30/202312/5/2022
Key Financials Quarterly            
Total Revenue29,77623,37823,93124,36625,02622,24422,31822,25122,93420,92225,03924,721
Ebitda2,6012,1823,2382,4852,2101,7512,6592,3741,9681,9192,1501,587
Operating Income1,7731,1652,3071,6681,3929651,6911,4861,1651,0691,1891,762
Net Income1,1649651,6541,1328879971,3371,006462583614245
EPS1.721.392.201.611.251.411.641.390.640.810.860.34
Key Financials TTM            
Total Revenue TTM101,45196,70195,56793,95491,83989,74788,42591,14693,61697,107102,301105,254
Ebitda TTM10,50610,1159,6849,1058,9948,7528,9208,4117,6247,3657,6626,534
Operating Income TTM6,9136,5326,3325,7165,5345,3075,4114,9095,1855,2905,7716,191
Net Income TTM4,9154,6384,6704,3534,2273,8023,3882,6651,9041,9532,4421,830
Growth Rates Quarterly            
Total Revenue Growth19.0%5.1%7.2%9.5%9.1%6.3%-10.9%-10.0%-13.2%-19.9%-10.5%-6.4%
EBITDA Growth17.7%24.6%21.8%4.7%12.3%-8.8%23.7%49.6%15.2%-13.4%110.4%-74.6%
Operating Income Growth27.4%20.7%36.4%12.2%19.5%-9.7%42.2%-15.7%-8.3%-31.0%-26.1%68.5%
Net Income Growth31.2%-3.2%23.7%12.5%92.0%71.0%117.8%310.6%-9.6%-45.6%30600.0%-93.6%
Margins Quarterly            
EBITDA Margin8.7%9.3%13.5%10.2%8.8%7.9%11.9%10.7%8.6%9.2%8.6%6.4%
Operating Income Margin6.0%5.0%9.6%6.8%5.6%4.3%7.6%6.7%5.1%5.1%4.7%7.1%
Net Income Margin3.9%4.1%6.9%4.6%3.5%4.5%6.0%4.5%2.0%2.8%2.5%1.0%
Cash & Debt            
Total Cash8,1457,7003,6335,2254,5505,8307,3668,2988,3647,6318,6074,909
Total Debt28,68928,78124,56725,02224,52225,48025,99427,45127,99329,32329,58828,160
Net Debt / (Cash)20,54421,08120,93419,79719,97219,65018,62819,15319,62921,69220,98123,251
Cash Flows Quarterly            
FCF from Operations2,5432,7965851,5531,3401,0431,5332,1523,2141,7772,714396
Cash Flows TTM            
FCF from Operations TTM7,4776,2744,5215,4696,0687,9428,6769,8578,1015,6113,5653,944
Returns to Shareholders Quarterly            
Dividends366396311312316336261266269276236238
Share Repurchases9452,3327514547391,221896744266546183622
Return on Invested Capital (ROIC) Quarterly            
ROIC27.9%19.7%34.4%27.3%23.7%19.6%32.6%26.4%15.1%16.2%14.9%16.1%
Return on Invested Capital (ROIC) TTM            
ROIC TTM27.4%25.4%27.4%27.8%27.2%25.7%24.0%19.2%17.8%17.3%20.7%21.1%

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Client Solutions Group48,91658,21361,46448,38745,838
Infrastructure Solutions Group33,88538,35634,36633,00233,969
Corporate and other5,6245,732   
Impact of purchase accounting  -32-106-347
Other businesses  5,3885,3821,788
Unallocated transactions  1151
VMware    10,905
Total88,425102,301101,19786,67092,154


Operating Income by Segment
$ Mil20252024202320222021
Infrastructure Solutions Group4,2865,0453,7363,7534,001
Client Solutions Group3,7123,8244,3653,3333,138
Corporate and other-120-232   
Other corporate expenses-756-921-337-376-1,160
Amortization of intangibles-833-1,014-1,641-2,133-4,408
Stock-based compensation expense-878-931-808-487-1,262
Impact of purchase accounting  -67-144-411
Other businesses  -319-139-43
Transaction-related expenses  -273-124-285
Unallocated transactions  32-29
VMware    3,081
Total5,4115,7714,6593,6852,622


Price Behavior

DELL Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta2.222.051.751.751.781.58
Up Beta1.822.342.341.671.551.40
Down Beta3.684.583.352.172.121.82
Up Capture118%87%105%194%255%724%
Bmk +ve Days10223571142415
Stock +ve Days10223366128386
Down Capture314%152%114%135%139%106%
Bmk -ve Days11192754106334
Stock -ve Days11203060121364

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity12,802,750
Short Interest: % Change Since 8152025-5.3%
Average Daily Volume6,808,412
Days-to-Cover Short Interest1.88
Basic Shares Quantity678,000,000
Short % of Basic Shares1.9%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/28/2025-8.9%-6.9% 
5/29/2025-2.1%-1.6%7.9%
2/27/2025-4.7%-13.7%-14.4%
11/26/2024-12.2%-11.0%-17.2%
8/29/20244.3%-7.9%7.0%
5/30/2024-17.9%-21.2%-15.9%
2/29/202431.6%27.3%26.4%
11/30/2023-5.2%-9.6%-1.4%
...
SUMMARY STATS   
# Positive101114
# Negative141310
Median Positive6.4%5.3%7.9%
Median Negative-5.3%-7.9%-11.0%
Max Positive31.6%27.3%26.4%
Max Negative-17.9%-21.4%-27.6%

SEC Filings

Expand for More

Report DateFiling DateFiling
7312025908202510-Q 8/1/2025
4302025610202510-Q 5/2/2025
1312025325202510-K 1/31/2025
103120241210202410-Q 11/1/2024
7312024910202410-Q 8/2/2024
4302024611202410-Q 5/3/2024
1312024325202410-K 2/2/2024
103120231208202310-Q 11/3/2023
7312023912202310-Q 8/4/2023
4302023612202310-Q 5/5/2023
1312023330202310-K 2/3/2023
103120221205202210-Q 10/28/2022
7312022901202210-Q 7/29/2022
4302022606202210-Q 4/29/2022
1312022324202210-K 1/28/2022
103120211203202110-Q 10/29/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0DELL MICHAEL SChief Executive Officer6272025Sell122.2710,000,0001,222,700,0003,168,289,707Form
1Silver Lake Group, L.L.C. 6262025Sell120.224,781574,774122,865Form
2Scannell William FPres., Glob. Sales & Cust. Ops6202025Sell118.4291,23010,803,4576,682,322Form
3Rothberg Richard JGeneral Counsel & Secretary6052025Sell108.8270,1657,635,3558,697,765Form
4Tunnell JaneChief Marketing Officer6052025Sell111.9528,8773,232,7808,773,857Form

Industry Resources

Technology Hardware, Storage & Peripherals Resources
The Verge
TechRadar
Tom’s Hardware
PCMag
CNET

External Quote Links


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