Dell Technologies Inc.: stock overview

DELLNYSETechnology · Electronic Computers

Price

$344.53

November 13, 2026Market cap $225B

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The full history: 12 fiscal years, from FY2015
The estimated fair value, with its range and its certainty
The full analysis, 18 a month
More questions to the chat on its filings
Excel with every year
An email when it reports, changes its dividend or an officer buys

Notes on these figures

The share price has fallen 35% since Sep 8, 2026, when the 10-Q these figures come from was filed ($533.88 then, $344.53 on Nov 13, 2026). The figures date from before that move.10-Q

In short

Dell Technologies had revenue of $151B over the last 12 months and net income of $11.4B, a net margin of 7.5%. Revenue grew by 5.6% a year on average over the last 5 years. At $344.53 the shares trade at a P/E of 19.7, against a median of 14.7 over the last 4 fiscal years. It has net debt of $22.9B. It pays a dividend yielding 0.70%.

From its SEC filings (latest fiscal year to January 30, 2026) and the price of November 13, 2026.

Its SEC filings

Market cap: $225B; 652M shares
P/E: 19.7; Today19.7
Median14.7
Revenue, 12 months: $151B; +5.6% a year over 5 years
Net margin: 7.5%; FY2025: 5.2%, above 46% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2024–FY2026 fiscal years

+13.3% a year over 2 years

FY2026Jan 30, 202610-K
Revenue$114B
FY2025Jan 31, 202510-K
Revenue$95.6B
FY2024Feb 2, 202410-K
Revenue$88.4B

Year	Revenue	Net income	EPS	Free cash flow	Dividend per share	Price
FY2026Jan 30, 202610-K	$114B	$5.9B	$8.68	$8.6B	$2.10	$114.44
FY2025Jan 31, 202510-K	$95.6B	$4.6B	$6.38	$1.9B	$1.78	$103.60
FY2024Feb 2, 202410-K	$88.4B	$3.4B	$4.60	$5.9B	$1.48	$86.32

Fiscal years in figures

DELL's revenue, profit, cash flow and dividend with each year-end price, from FY2015 to FY2023, 9 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $72.1B: $225B
Enterprise value: $248B
P/E 3-year median: 16.2: 19.7
EV / EBIT: 17.4
EV / Revenue: 1.6
P/B: –
FCF yield 3-year median: 9.7%: 3.8%
Earnings yield 3-year median: 6.2%: 5.1%

Profitability

Gross margin: 19.8%
Operating margin: 9.4%
Net margin 3-year median: 4.8%: 7.5%
ROIC: 40.1%
ROIC, 5-year average: 18.7%
ROE: –

Growth

Revenue, yearly change: +18.8%
EPS, yearly change: +36.1%
FCF, yearly change: +357.6%
Revenue, average a year: +5.6%
EPS, average a year: +15.5%

The yearly change compares FY2026 with FY2025.

Balance sheet

Cash: $11.6B
Total debt: $35.3B
Of which operating leases: $805M
Net debt: $22.9B
Net debt / EBITDA: 1.3x
Interest cover: 8.9x
Current ratio: 0.96

Balance sheet of July 31, 2026.

Returns to shareholders

Dividend yield 3-year median: 1.7%: 0.70%
Buybacks: 2.68%
Total returned: 3.38%
Shares, yearly change: -6.3%

Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 35).

Gross margin

20.0%

Above 13% of the 115 companies in its industry, and 22% of all.

Operating margin

7.2%

Above 46% of the 138 companies in its industry, and 57% of all.

Net margin

5.2%

Above 46% of the 147 companies in its industry, and 53% of all.

ROA

5.9%

Above 61% of the 146 companies in its industry, and 75% of all.

Revenue growth

18.8%

Above 84% of the 144 companies in its industry, and 79% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

Contracts with the US government

What the federal government committed in contracts to the company and its subsidiaries, by federal fiscal year (October to September).

$3.3B Fiscal year 2025

In federal fiscal year 2025 (October 2024 to September 2025) the US government committed $3.3B in contracts to the company and its subsidiaries. The year before it was $3.4B. That is about 2.9% of its revenue in the fiscal year to January 30, 2026 ($114B), though an amount committed is not revenue.

Fiscal year 2022Oct 2021 to Sep 2022

$2.7B

Fiscal year 2023Oct 2022 to Sep 2023

$3.0B

Fiscal year 2024Oct 2023 to Sep 2024

$3.4B

Fiscal year 2025Oct 2024 to Sep 2025

$3.3B

Fiscal year 2026Oct 2025 to Sep 2026

$3.3B

From USAspending.gov, the federal government's public spending records, as of November 1, 2026. An amount committed is not revenue of the same year: a contract running several years counts when it is signed, and the company is paid as it does the work. The company is matched through the parent company the government records it under, which adds up its subsidiaries. A subsidiary recorded under another parent can be missing.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC: Dell Technologies Inc.
CIK: 1571996
Exchange: NYSE
Industry (SIC): 3571 · Electronic Computers
Fiscal year ends: January 29
Latest annual report: January 30, 2026
Reporting currency: USD
Shares: 652M

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The full analysis

What do Dell Technologies's filings show?

These are Dell Technologies's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

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Questions about DELL

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What is DELL's market cap?

Dell Technologies Inc.'s market cap is $225B, at a price of $344.53 on November 13, 2026 and 652M shares.

What is DELL's P/E?

DELL's P/E is 19.7, on earnings per share of $17.20 over the last 12 months. The median over the last 4 fiscal years was 14.7.

How much revenue does DELL have?

Dell Technologies had revenue of $151B over the last 12 months. Over the last 5 years it changed by +5.6% a year on average.

Does DELL pay a dividend?

Yes. Dell Technologies paid $2.42 per share over the last 12 months, a yield of 0.70% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Dell Technologies Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.