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Dell Technologies (DELL) Financials

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$113.79 -0.20 (-0.18%)
Closing price 05/28/2025 03:59 PM Eastern
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$115.95 +2.16 (+1.90%)
As of 05/28/2025 08:00 PM Eastern
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Annual Income Statements for Dell Technologies

Annual Income Statements for Dell Technologies

This table shows Dell Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 1/31/2025 2/2/2024 2/3/2023 1/28/2022 1/29/2021 1/31/2020 2/1/2019 2/2/2018 2/3/2017 1/29/2016 1/30/2015
Net Income / (Loss) Attributable to Common Shareholders
4,592 3,388 2,442 5,563 3,250 4,616 -27,363 -2,849 -1,167 -1,104 -1,221
Consolidated Net Income / (Loss)
4,576 3,372 2,422 5,707 3,505 5,529 -27,234 -2,926 -1,158 -1,104 -1,221
Net Income / (Loss) Continuing Operations
4,576 3,372 2,422 4,942 2,245 521 -27,234 -2,926 -3,074 -1,168 -1,108
Total Pre-Tax Income
5,048 4,087 3,225 5,923 2,346 -51 -27,414 -4,769 -4,494 -1,286 -1,215
Total Operating Income
6,237 5,411 5,771 4,659 3,685 2,366 -25,244 -2,416 -2,390 -514 -316
Total Gross Profit
21,250 21,069 22,686 21,891 20,140 20,639 0.00 20,537 13,649 8,387 8,896
Total Revenue
95,567 88,425 102,301 101,197 86,670 169,630 0.00 79,040 62,164 50,911 54,142
Operating Revenue
95,567 88,425 102,301 101,197 86,670 169,630 - 79,040 62,164 50,911 54,142
Total Cost of Revenue
74,317 67,356 79,615 79,306 66,530 8,807 0.00 58,503 48,515 42,524 45,246
Operating Cost of Revenue
74,317 67,356 79,615 79,306 66,530 119,545 - 58,503 48,515 42,524 45,246
Total Operating Expenses
15,013 15,658 16,915 17,232 16,455 36,546 25,244 22,953 16,039 8,901 9,212
Selling, General & Admin Expense
11,952 12,857 14,136 14,655 14,000 15,819 20,640 18,569 13,403 7,850 8,292
Research & Development Expense
3,061 2,801 2,779 2,577 2,455 2,454 4,604 4,384 2,636 1,051 920
Total Other Income / (Expense), net
-1,189 -1,324 -2,546 1,264 -1,339 -2,417 -2,170 -2,353 -2,104 -772 -899
Other Income / (Expense), net
-1,189 -1,324 -2,546 1,264 -1,339 -2,417 -2,170 -2,353 -2,104 -772 -899
Income Tax Expense
472 715 803 981 101 -572 -180 -1,843 -1,420 -118 -107
Net Income / (Loss) Attributable to Noncontrolling Interest
-16 -16 -20 144 255 913 129 -77 9.00 0.00 0.00
Basic Earnings per Share
$6.51 $4.71 $3.33 - - - ($0.01) ($3.98) ($5.83) - -
Weighted Average Basic Shares Outstanding
697.84M 713.79M 731.20M 760.40M 762.67M 739.47M 718.53M 768.94M 776.36M - -
Diluted Earnings per Share
$6.38 $4.60 $3.24 - - - ($0.13) ($4.01) ($5.84) - -
Weighted Average Diluted Shares Outstanding
697.84M 713.79M 731.20M 760.40M 762.67M 739.47M 718.53M 768.94M 776.36M - -
Weighted Average Basic & Diluted Shares Outstanding
697.84M 713.79M 731.20M 760.40M 762.67M 739.47M 718.53M 768.94M 776.36M - -
Cash Dividends to Common per Share
$1.78 $1.48 $1.32 - - - - - - - -

Quarterly Income Statements for Dell Technologies

This table shows Dell Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023
Period end date 1/31/2025 11/1/2024 8/2/2024 5/3/2024 2/2/2024 11/3/2023 8/4/2023 5/5/2023 2/3/2023 10/28/2022 7/29/2022
Net Income / (Loss) Attributable to Common Shareholders
1,654 1,132 846 960 1,337 1,006 462 583 614 245 511
Consolidated Net Income / (Loss)
1,653 1,127 841 955 1,335 1,004 455 578 606 241 506
Net Income / (Loss) Continuing Operations
1,653 1,127 841 955 1,335 1,004 455 578 606 241 506
Total Pre-Tax Income
2,120 1,392 989 547 1,488 1,180 714 705 923 454 635
Total Operating Income
2,307 1,668 1,342 920 1,691 1,486 1,165 1,069 1,189 1,762 1,270
Total Gross Profit
5,826 5,307 5,311 4,806 5,516 5,148 5,387 5,018 5,756 5,707 5,439
Total Revenue
23,931 24,366 25,026 22,244 22,318 22,251 22,934 20,922 25,039 24,721 26,425
Operating Revenue
23,931 24,366 25,026 22,244 22,318 22,251 22,934 20,922 25,039 24,721 26,425
Total Cost of Revenue
18,105 19,059 19,715 17,438 16,802 17,103 17,547 15,904 19,283 19,014 20,986
Operating Cost of Revenue
18,105 19,059 19,715 17,438 16,802 17,103 17,547 15,904 19,283 19,014 20,986
Total Operating Expenses
3,519 3,639 3,969 3,886 3,825 3,662 4,222 3,949 4,567 3,945 4,169
Selling, General & Admin Expense
2,746 2,894 3,189 3,123 3,109 2,970 3,517 3,261 3,772 3,268 3,543
Research & Development Expense
773 745 780 763 716 692 705 688 795 677 626
Total Other Income / (Expense), net
-187 -276 -353 -373 -203 -306 -451 -364 -266 -1,308 -635
Other Income / (Expense), net
-187 -276 -353 -373 -203 -306 -451 -364 -266 -1,308 -635
Income Tax Expense
467 265 148 -408 153 176 259 127 317 213 129
Net Income / (Loss) Attributable to Noncontrolling Interest
-1.00 -5.00 -5.00 -5.00 -2.00 -2.00 -7.00 -5.00 -8.00 -4.00 -5.00
Basic Earnings per Share
$2.35 $1.61 $1.19 $1.36 $1.87 $1.39 $0.64 $0.81 $0.84 $0.34 $0.69
Weighted Average Basic Shares Outstanding
697.84M 700.46M 702.38M 709.30M 713.79M 711.60M 723.43M 727.24M 731.20M 716.13M 732.96M
Diluted Earnings per Share
$2.31 $1.58 $1.17 $1.32 $1.82 $1.36 $0.63 $0.79 $0.84 $0.33 $0.68
Weighted Average Diluted Shares Outstanding
697.84M 700.46M 702.38M 709.30M 713.79M 711.60M 723.43M 727.24M 731.20M 716.13M 732.96M
Weighted Average Basic & Diluted Shares Outstanding
697.84M 700.46M 702.38M 709.30M 713.79M 711.60M 723.43M 727.24M 731.20M 716.13M 732.96M

Annual Cash Flow Statements for Dell Technologies

This table details how cash moves in and out of Dell Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 1/31/2025 2/2/2024 2/3/2023 1/28/2022 1/29/2021 1/31/2020 2/1/2019 2/2/2018 2/3/2017 1/29/2016 1/30/2015
Net Change in Cash & Equivalents
-3,688 -1,387 -1,188 -5,102 5,033 -89 -3,949 4,546 2,940 1,178 -1,051
Net Cash From Operating Activities
4,521 8,676 3,565 10,307 11,407 9,291 6,991 6,843 2,367 2,162 2,551
Net Cash From Continuing Operating Activities
4,521 8,676 3,565 10,307 11,407 9,291 6,991 6,843 2,367 2,162 2,551
Net Income / (Loss) Continuing Operations
4,576 3,372 2,422 5,707 3,505 5,529 -2,181 -2,926 -1,158 -1,104 -1,221
Consolidated Net Income / (Loss)
4,576 3,372 2,422 5,707 3,505 5,529 -2,181 -2,926 -1,158 -1,104 -1,221
Depreciation Expense
3,123 3,303 3,156 4,551 5,390 6,143 7,746 8,634 4,938 2,872 2,977
Non-Cash Adjustments To Reconcile Net Income
1,238 1,487 1,892 -1,508 1,521 2,200 1,674 1,589 -1,474 421 478
Changes in Operating Assets and Liabilities, net
-4,416 514 -3,905 1,557 991 -4,581 -248 -454 -207 -86 264
Net Cash From Investing Activities
-2,215 -2,783 -3,024 1,306 -460 -4,686 3,389 -2,875 -31,236 -321 -355
Net Cash From Continuing Investing Activities
-2,215 -2,783 -3,024 1,306 -460 -4,686 3,389 -2,875 -31,236 -321 -355
Purchase of Property, Plant & Equipment
-2,652 -2,756 -3,003 -2,796 -2,082 -2,576 -1,497 -1,367 -699 -482 -478
Acquisitions
0.00 -126 -70 -16 -424 -2,466 -971 -658 -37,609 0.00 -73
Purchase of Investments
-125 -172 -108 -414 -338 -181 -925 -4,389 -778 -27 -27
Sale and/or Maturity of Investments
382 226 116 513 169 497 6,612 3,878 1,173 7.00 15
Other Investing Activities, net
180 45 41 62 28 40 - -339 -220 85 175
Net Cash From Financing Activities
-5,815 -7,094 -1,625 -16,609 -5,950 -4,604 -14,329 403 31,785 -496 -3,094
Net Cash From Continuing Financing Activities
-5,815 -7,094 -1,625 -16,609 -5,950 -4,604 -14,329 403 31,785 -496 -3,094
Repayment of Debt
-10,634 -11,355 -9,864 -28,238 -21,189 -22,188 -11,555 -12,312 -17,813 -5,960 -6,060
Repurchase of Common Equity
-2,588 -2,080 -2,883 -1,496 -241 -8.00 -14,075 -723 -1,322 0.00 0.00
Payment of Dividends
-1,275 -1,072 -964 -2,240 -1,363 -3,547 -2,549 -724 0.00 0.00 0.00
Issuance of Debt
9,258 7,775 12,479 20,425 16,391 20,481 13,045 14,415 46,873 5,466 2,938
Issuance of Common Equity
1.00 10 5.00 334 452 658 805 132 4,586 0.00 28
Other Financing Activities, net
-577 -372 -398 -5,394 0.00 0.00 - -385 -539 -2.00 0.00
Effect of Exchange Rate Changes
-179 -186 -104 -106 36 -90 - 175 24 -167 -153
Cash Interest Paid
1,304 1,438 1,169 1,825 2,279 2,500 2,347 2,192 1,575 585 724
Cash Income Taxes Paid
555 1,379 1,208 1,257 1,421 1,414 747 924 978 264 557

Quarterly Cash Flow Statements for Dell Technologies

This table details how cash moves in and out of Dell Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023
Period end date 1/31/2025 11/1/2024 8/2/2024 5/3/2024 2/2/2024 11/3/2023 8/4/2023 5/5/2023 2/3/2023 10/28/2022 7/29/2022
Net Change in Cash & Equivalents
-1,585 733 -1,291 -1,545 -941 -202 723 -967 3,670 -869 -1,183
Net Cash From Operating Activities
585 1,553 1,340 1,043 1,533 2,152 3,214 1,777 2,714 396 724
Net Cash From Continuing Operating Activities
585 1,553 1,340 1,043 1,533 2,152 3,214 1,777 2,714 396 724
Net Income / (Loss) Continuing Operations
1,653 1,127 841 955 1,335 1,004 455 578 606 241 506
Consolidated Net Income / (Loss)
1,653 1,127 841 955 1,335 1,004 455 578 606 241 506
Depreciation Expense
774 765 784 800 841 822 831 809 854 832 744
Non-Cash Adjustments To Reconcile Net Income
18 362 424 434 291 268 395 533 541 434 776
Changes in Operating Assets and Liabilities, net
-1,860 -701 -709 -1,146 -934 58 1,533 -143 713 -1,111 -1,302
Net Cash From Investing Activities
-678 -524 -557 -456 -669 -825 -605 -684 -796 -730 -778
Net Cash From Continuing Investing Activities
-678 -524 -557 -456 -669 -825 -605 -684 -796 -730 -778
Purchase of Property, Plant & Equipment
-735 -639 -682 -596 -727 -704 -624 -701 -759 -747 -807
Purchase of Investments
-42 -19 -25 -39 -29 -30 -98 -15 -7.00 -21 -28
Sale and/or Maturity of Investments
45 121 97 119 76 23 108 19 17 31 50
Other Investing Activities, net
54 13 53 60 10 13 9.00 13 23 7.00 7.00
Net Cash From Financing Activities
-1,391 -315 -2,032 -2,077 -1,819 -1,446 -1,827 -2,002 1,513 -386 -1,046
Net Cash From Continuing Financing Activities
-1,391 -315 -2,032 -2,077 -1,819 -1,446 -1,827 -2,002 1,513 -386 -1,046
Repayment of Debt
-974 -3,229 -2,919 -3,512 -1,535 -2,689 -3,428 -3,703 -1,768 -1,840 -3,546
Repurchase of Common Equity
-734 -429 -725 -700 -878 -702 -260 -240 -165 -600 -682
Payment of Dividends
-311 -312 -316 -336 -261 -266 -269 -276 -236 -238 -242
Issuance of Debt
645 3,680 1,941 2,992 871 2,249 2,134 2,521 3,700 2,314 3,431
Other Financing Activities, net
-17 -25 -14 -521 -18 -42 -6.00 -306 -18 -22 -8.00
Effect of Exchange Rate Changes
-101 19 -42 -55 14 -83 -59 -58 239 -149 -83

Annual Balance Sheets for Dell Technologies

This table presents Dell Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Period end date 1/31/2025 2/2/2024 2/3/2023 1/28/2022 1/29/2021 1/31/2020 2/1/2019 2/2/2018 2/3/2017 1/29/2016
Total Assets
79,746 82,126 89,611 92,735 123,415 118,861 111,820 124,193 118,206 45,122
Total Current Assets
36,229 35,984 42,351 45,033 43,567 36,868 36,138 40,328 30,773 23,573
Cash & Equivalents
3,633 7,366 8,607 9,477 9,508 9,302 9,676 13,942 9,474 6,322
Note & Lease Receivable
5,304 4,643 5,281 5,089 5,148 4,895 4,398 3,919 3,222 2,915
Accounts Receivable
10,298 9,343 12,860 13,043 10,846 12,484 12,371 11,721 9,420 4,887
Inventories, net
6,716 3,622 4,776 5,898 3,403 3,281 3,649 2,678 2,538 1,619
Other Current Assets
9,610 11,010 10,827 11,526 9,810 6,906 6,044 5,881 4,144 3,497
Other Current Nonoperating Assets
668 0.00 - - 4,852 - - - - 4,333
Plant, Property, & Equipment, net
6,336 6,432 6,209 5,415 4,833 6,055 5,259 5,390 5,653 1,649
Total Noncurrent Assets
37,181 39,710 41,051 42,287 75,015 75,938 70,423 78,475 81,780 19,900
Long-Term Investments
1,496 1,316 1,518 1,839 1,334 864 1,005 4,163 3,802 114
Noncurrent Note & Lease Receivables
5,927 5,877 6,078 6,232 5,790 4,848 4,224 3,724 2,651 2,177
Goodwill
19,120 19,700 19,676 19,770 20,028 41,691 40,089 39,920 38,910 8,406
Intangible Assets
4,988 5,701 6,468 7,461 9,115 18,107 22,270 28,265 35,053 8,577
Other Noncurrent Operating Assets
5,650 7,116 7,311 6,985 6,733 10,428 2,835 2,403 1,364 626
Total Liabilities & Shareholders' Equity
79,746 82,126 89,611 92,735 123,415 118,861 111,820 124,193 118,206 45,122
Total Liabilities
81,133 84,258 92,636 94,315 115,390 115,077 111,566 106,324 98,966 43,550
Total Current Liabilities
46,527 48,354 51,654 56,219 54,132 52,456 44,972 45,839 38,135 25,310
Short-Term Debt
5,204 6,982 6,573 5,823 6,357 7,737 4,320 7,873 6,329 2,981
Accounts Payable
20,832 19,226 20,665 28,557 23,033 20,065 19,213 18,334 14,422 12,881
Accrued Expenses
6,597 6,828 8,874 7,578 7,166 9,773 8,495 8,026 7,119 4,217
Current Deferred Revenue
13,673 15,318 15,542 14,261 13,201 14,881 12,944 11,606 10,265 3,632
Other Current Nonoperating Liabilities
221 0.00 - - 4,375 - - - - 1,599
Total Noncurrent Liabilities
34,606 35,904 40,982 38,096 61,258 62,621 66,594 60,485 60,831 18,240
Long-Term Debt
19,363 19,012 23,015 21,131 32,865 44,319 49,201 43,998 43,061 10,650
Noncurrent Deferred Revenue
12,292 13,827 14,744 13,312 12,391 12,919 11,066 9,210 8,431 4,089
Other Noncurrent Operating Liabilities
2,951 3,065 3,223 3,653 3,923 5,383 6,327 7,277 9,339 3,501
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-1,387 -2,132 -3,025 -1,580 7,553 3,155 -942 17,485 19,009 1,466
Total Preferred & Common Equity
-1,482 -2,227 -3,122 -1,685 2,479 -1,574 -5,765 11,719 13,243 1,466
Total Common Equity
-1,482 -2,227 -3,122 -1,685 2,479 -1,574 -5,765 11,719 13,243 1,466
Common Stock
9,119 8,926 8,424 7,898 16,849 16,091 16,114 19,889 20,199 5,727
Retained Earnings
-1,160 -4,453 -6,732 -8,188 -13,751 -16,891 -21,349 -6,860 -5,609 -3,937
Treasury Stock
-8,502 -5,900 -3,813 -964 -305 -65 -63 -1,440 -752 0.00
Accumulated Other Comprehensive Income / (Loss)
-939 -800 -1,001 -431 -314 -709 -467 130 -595 -324
Noncontrolling Interest
95 95 97 105 5,074 4,729 4,823 5,766 5,766 0.00

Quarterly Balance Sheets for Dell Technologies

This table presents Dell Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2025 Q2 2025 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 11/1/2024 8/2/2024 5/3/2024 11/3/2023 8/4/2023 5/5/2023 10/28/2022 7/29/2022 4/29/2022 10/29/2021
Total Assets
81,951 82,687 80,190 83,264 85,658 84,094 85,172 88,775 88,406 135,677
Total Current Assets
38,035 37,543 34,627 36,987 38,999 37,392 38,787 42,262 41,376 57,179
Cash & Equivalents
5,225 4,550 5,830 8,298 8,364 7,631 4,909 5,507 6,654 22,406
Note & Lease Receivable
5,001 4,968 4,660 4,540 4,807 5,013 4,915 4,860 4,796 4,970
Accounts Receivable
11,189 11,391 8,563 10,106 10,755 9,783 11,634 13,626 11,968 14,177
Inventories, net
6,652 5,953 4,782 3,381 3,584 4,016 6,172 5,883 6,277 5,442
Other Current Assets
9,306 10,681 10,792 10,662 11,047 10,949 11,157 12,386 11,681 10,184
Other Current Nonoperating Assets
662 - - - 442 - - - - -
Plant, Property, & Equipment, net
6,327 6,300 6,237 6,222 6,252 6,261 5,847 5,772 5,516 6,925
Total Noncurrent Assets
37,589 38,844 39,326 40,055 40,407 40,441 40,538 40,741 41,514 71,573
Long-Term Investments
1,312 1,302 1,293 1,294 1,331 1,399 1,534 1,520 1,868 1,827
Noncurrent Note & Lease Receivables
5,849 6,124 5,941 6,012 6,049 5,966 6,271 6,059 6,111 5,270
Goodwill
19,243 19,654 19,640 19,616 19,640 19,661 19,366 19,505 19,598 40,701
Intangible Assets
5,147 5,374 5,538 5,907 6,060 6,269 6,728 6,972 7,217 12,319
Other Noncurrent Operating Assets
6,038 6,390 6,914 7,226 7,327 7,146 6,639 6,685 6,720 11,456
Total Liabilities & Shareholders' Equity
81,951 82,687 80,190 83,264 85,658 84,094 85,172 88,775 88,406 135,677
Total Liabilities
84,141 85,484 82,913 85,834 88,335 87,018 88,540 91,530 90,761 121,483
Total Current Liabilities
49,500 52,033 47,734 48,877 50,942 46,825 52,007 54,789 53,059 69,702
Short-Term Debt
5,612 6,711 6,098 6,498 6,961 5,470 6,767 6,647 5,925 16,280
Accounts Payable
23,400 24,095 20,586 20,724 21,221 18,390 23,219 26,608 26,207 26,772
Accrued Expenses
6,490 6,374 6,016 6,449 6,586 7,438 7,915 6,810 6,598 10,081
Current Deferred Revenue
13,787 14,853 15,034 15,206 16,174 15,527 14,106 14,724 14,329 16,569
Other Current Nonoperating Liabilities
211 - - - - - - - - -
Total Noncurrent Liabilities
34,641 33,451 35,179 36,957 37,393 40,193 36,533 36,741 37,702 51,781
Long-Term Debt
19,410 17,811 19,382 20,119 20,177 22,962 20,562 20,287 21,197 31,699
Noncurrent Deferred Revenue
12,424 12,859 13,116 13,847 14,138 14,168 12,983 13,301 13,074 14,885
Other Noncurrent Operating Liabilities
2,807 2,781 2,681 2,991 3,078 3,063 2,988 3,153 3,431 5,197
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-2,190 -2,797 -2,723 -2,570 -2,677 -2,924 -3,368 -2,755 -2,355 14,194
Total Preferred & Common Equity
-2,285 -2,894 -2,822 -2,664 -2,772 -3,023 -3,469 -2,860 -2,462 8,954
Total Common Equity
-2,285 -2,894 -2,822 -2,664 -2,772 -3,023 -3,469 -2,860 -2,462 8,954
Common Stock
8,951 8,782 8,606 8,742 8,554 8,339 8,216 8,005 7,777 17,843
Retained Earnings
-2,669 -3,478 -4,001 -5,519 -6,249 -6,430 -7,102 -7,106 -7,369 -8,190
Treasury Stock
-7,747 -7,334 -6,622 -5,064 -4,320 -4,064 -3,663 -3,054 -2,446 -305
Accumulated Other Comprehensive Income / (Loss)
-820 -864 -805 -823 -757 -868 -920 -705 -424 -394
Noncontrolling Interest
95 97 99 94 95 99 101 105 107 5,240

Annual Metrics And Ratios for Dell Technologies

This table displays calculated financial ratios and metrics derived from Dell Technologies' official financial filings.

Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 1/31/2025 2/2/2024 2/3/2023 1/28/2022 1/29/2021 1/31/2020 2/1/2019 2/2/2018 2/3/2017 1/29/2016 1/30/2015
Growth Metrics
- - - - - - - - - - -
Revenue Growth
8.08% -13.56% 1.09% 16.76% -48.91% 0.00% -100.00% 27.15% 22.10% -5.97% 0.00%
EBITDA Growth
10.57% 15.81% -39.08% 35.39% 26.99% 130.97% -608.87% 442.84% -56.72% -9.37% 0.00%
EBIT Growth
23.51% 26.73% -45.55% 152.47% 4,700.00% 99.81% -474.84% -6.12% -249.46% -5.84% 0.00%
NOPAT Growth
26.64% 3.01% 11.49% 10.24% 112.92% 109.37% -944.87% -1.09% -364.98% -62.66% 0.00%
Net Income Growth
35.71% 39.22% -57.56% 62.82% -36.61% 120.30% -830.76% -152.68% -4.89% 9.58% 0.00%
EPS Growth
38.70% 41.98% 0.00% 0.00% 0.00% 0.00% 96.76% 31.34% 0.00% 0.00% 0.00%
Operating Cash Flow Growth
-47.89% 143.37% -65.41% -9.64% 22.77% 32.90% 2.16% 189.10% 9.48% -15.25% 0.00%
Free Cash Flow Firm Growth
-43.56% 192.84% -66.43% -82.47% 3,694.76% 91.84% -605.26% 104.57% -666.78% 0.00% 0.00%
Invested Capital Growth
15.97% -7.65% 16.93% -12.09% -64.99% 5.99% -12.85% -7.36% 784.78% 0.00% 0.00%
Revenue Q/Q Growth
1.72% -2.99% 23.76% -12.08% -54.79% 888.90% -100.00% 1.76% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth
10.33% 8.07% 18.47% 130.17% -82.74% 161.18% -475.34% 24.48% 0.00% 0.00% 0.00%
EBIT Q/Q Growth
19.73% 16.04% 43.08% 114.88% -94.02% 99.69% -911.96% 16.25% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth
7.75% 21.19% -11.70% 113.12% -90.19% 117.02% -4,171.40% 23.37% 0.00% 0.00% 0.00%
Net Income Q/Q Growth
12.13% 27.58% 33.30% 114.62% -91.18% 148.89% -1,243.56% -16.90% 0.00% 0.00% 0.00%
EPS Q/Q Growth
0.00% 22.67% 26.56% 0.00% 0.00% 0.00% 95.04% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth
-17.33% -11.98% -9.61% -21.27% 26.21% 14.01% -9.49% 50.66% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
-16.29% -15.18% -92.29% 124.06% -17.75% 92.79% -375.53% -55.45% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth
11.11% 5.02% -6.17% -62.95% -63.12% -4.47% -3.66% 0.40% -5.50% 0.00% 0.00%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
22.24% 23.83% 22.18% 21.63% 23.24% 12.17% 0.00% 25.98% 21.96% 16.47% 16.43%
EBITDA Margin
8.55% 8.36% 6.24% 10.35% 8.93% 3.59% 0.00% 4.89% 1.15% 3.23% 3.35%
Operating Margin
6.53% 6.12% 5.64% 4.60% 4.25% 1.39% 0.00% -3.06% -3.84% -1.01% -0.58%
EBIT Margin
5.28% 4.62% 3.15% 5.85% 2.71% -0.03% 0.00% -6.03% -7.23% -2.53% -2.24%
Profit (Net Income) Margin
4.79% 3.81% 2.37% 5.64% 4.04% 3.26% 0.00% -3.70% -1.86% -2.17% -2.26%
Tax Burden Percent
90.65% 82.51% 75.10% 96.35% 149.40% -10,841.18% 99.34% 61.35% 25.77% 85.85% 100.49%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
9.35% 17.49% 24.90% 16.56% 4.31% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
34.49% 28.24% 28.42% 25.87% 11.44% 3.73% 0.00% -3.29% -5.63% -11.93% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
28.55% 22.30% 17.53% 41.29% 11.35% 12.87% 0.00% -7.05% -2.96% -45.29% 0.00%
Return on Net Nonoperating Assets (RNNOA)
-294.57% -159.01% -133.61% 151.23% 47.92% 270.12% 0.00% -12.48% -5.50% -128.53% 0.00%
Return on Equity (ROE)
-260.07% -130.77% -105.19% 177.10% 59.36% 273.85% -300.55% -15.77% -11.13% -140.46% 0.00%
Cash Return on Invested Capital (CROIC)
19.70% 36.20% 12.82% 38.74% 107.70% -2.08% -24.46% 4.36% -165.01% -211.93% 0.00%
Operating Return on Assets (OROA)
6.24% 4.76% 3.54% 5.48% 1.94% -0.04% 0.00% -3.93% -5.50% -2.85% 0.00%
Return on Assets (ROA)
5.65% 3.93% 2.66% 5.28% 2.89% 4.79% 0.00% -2.41% -1.42% -2.45% 0.00%
Return on Common Equity (ROCE)
-274.12% -135.64% -109.80% 21.82% 4.55% -497.72% -98.74% -10.61% -7.86% -130.99% 0.00%
Return on Equity Simple (ROE_SIMPLE)
-308.77% -151.41% -77.58% -338.69% 141.39% -351.27% 472.40% -24.97% -8.74% -75.31% 0.00%
Net Operating Profit after Tax (NOPAT)
5,654 4,464 4,334 3,887 3,526 1,656 -17,671 -1,691 -1,673 -360 -221
NOPAT Margin
5.92% 5.05% 4.24% 3.84% 4.07% 0.98% 0.00% -2.14% -2.69% -0.71% -0.41%
Net Nonoperating Expense Percent (NNEP)
5.94% 5.94% 10.89% -15.42% 0.09% -9.14% 25.70% 3.76% -2.67% 33.36% 0.00%
Return On Investment Capital (ROIC_SIMPLE)
24.39% 18.71% 16.32% - - - - - - - -
Cost of Revenue to Revenue
77.76% 76.17% 77.82% 78.37% 76.76% 5.19% 0.00% 74.02% 78.04% 83.53% 83.57%
SG&A Expenses to Revenue
12.51% 14.54% 13.82% 14.48% 16.15% 9.33% 0.00% 23.49% 21.56% 15.42% 15.32%
R&D to Revenue
3.20% 3.17% 2.72% 2.55% 2.83% 1.45% 0.00% 5.55% 4.24% 2.06% 1.70%
Operating Expenses to Revenue
15.71% 17.71% 16.53% 17.03% 18.99% 21.54% 0.00% 29.04% 25.80% 17.48% 17.01%
Earnings before Interest and Taxes (EBIT)
5,048 4,087 3,225 5,923 2,346 -51 -27,414 -4,769 -4,494 -1,286 -1,215
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
8,171 7,390 6,381 10,474 7,736 6,092 -19,668 3,865 712 1,645 1,815
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 20.65 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.76 0.68 0.28 0.40 0.59 0.20 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)
15.80 17.86 11.90 7.23 15.75 7.22 0.00 0.00 0.00 0.00 0.00
Dividend Yield
1.72% 1.74% 3.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
6.33% 5.60% 8.41% 13.82% 6.35% 13.85% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
5.23 5.13 2.96 3.98 5.32 1.76 1.96 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.96 0.88 0.48 0.55 0.98 0.48 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
11.27 10.54 7.62 5.35 11.00 13.23 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
18.25 19.07 15.07 9.45 36.28 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
16.29 17.45 11.22 14.40 24.14 48.66 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
20.37 8.98 13.63 5.43 7.46 8.67 12.10 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
28.52 13.62 24.88 9.62 2.56 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
-17.71 -12.19 -9.78 -17.06 4.89 13.76 210.71 2.90 2.57 8.67 0.00
Long-Term Debt to Equity
-13.96 -8.92 -7.61 -13.37 4.10 11.71 193.70 2.46 2.24 6.77 0.00
Financial Leverage
-10.32 -7.13 -7.62 3.66 4.22 20.98 4.11 1.77 1.85 2.84 0.00
Leverage Ratio
-46.00 -33.30 -39.60 33.54 20.52 57.13 13.02 6.53 7.85 28.70 0.00
Compound Leverage Factor
-46.00 -33.30 -39.60 33.54 20.52 57.13 13.02 6.53 7.85 28.70 0.00
Debt to Total Capital
105.98% 108.93% 111.39% 106.23% 83.01% 93.22% 99.53% 74.38% 71.97% 89.66% 0.00%
Short-Term Debt to Total Capital
22.45% 29.26% 24.74% 22.95% 13.45% 13.86% 8.03% 11.29% 9.22% 19.61% 0.00%
Long-Term Debt to Total Capital
83.53% 79.67% 86.64% 83.28% 69.56% 79.37% 91.49% 63.09% 62.74% 70.05% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.41% 0.40% 0.37% 0.41% 11.74% 9.60% 11.19% 8.82% 8.74% 0.70% 0.00%
Common Equity to Total Capital
-6.39% -9.33% -11.75% -6.64% 5.25% -2.82% -10.72% 16.80% 19.30% 9.64% 0.00%
Debt to EBITDA
3.01 3.52 4.64 2.57 5.07 8.55 -2.72 13.42 69.37 8.29 0.00
Net Debt to EBITDA
2.38 2.34 3.05 1.49 3.67 6.88 -2.18 8.17 47.95 4.37 0.00
Long-Term Debt to EBITDA
2.37 2.57 3.61 2.02 4.25 7.28 -2.50 11.38 60.48 6.47 0.00
Debt to NOPAT
4.35 5.82 6.83 6.93 11.12 31.43 -3.03 -30.67 -29.52 -37.88 0.00
Net Debt to NOPAT
3.44 3.88 4.49 4.02 8.05 25.29 -2.42 -18.67 -20.41 -20.00 0.00
Long-Term Debt to NOPAT
3.42 4.26 5.31 5.44 9.32 26.76 -2.78 -26.02 -25.74 -29.60 0.00
Altman Z-Score
1.77 1.42 1.22 1.29 0.77 1.24 -0.98 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio
-5.40% -3.72% -4.39% 87.68% 92.34% 281.75% 67.15% 32.73% 29.32% 6.74% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.78 0.74 0.82 0.80 0.80 0.70 0.80 0.88 0.81 0.93 0.00
Quick Ratio
0.41 0.44 0.52 0.49 0.47 0.51 0.59 0.69 0.63 0.56 0.00
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
3,230 5,722 1,954 5,821 33,208 -924 -11,317 2,240 -49,019 -6,393 0.00
Operating Cash Flow to CapEx
170.48% 314.80% 118.71% 368.63% 547.89% 360.68% 467.00% 500.59% 350.67% 548.73% 560.66%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.18 1.03 1.12 0.94 0.72 1.47 0.00 0.65 0.76 1.13 0.00
Accounts Receivable Turnover
9.73 7.97 7.90 8.47 7.43 13.65 0.00 7.48 8.69 10.42 0.00
Inventory Turnover
14.38 16.04 14.92 17.05 19.91 2.54 0.00 22.43 23.34 26.27 0.00
Fixed Asset Turnover
14.97 13.99 17.60 19.75 15.92 29.99 0.00 14.32 17.03 30.87 0.00
Accounts Payable Turnover
3.71 3.38 3.23 3.07 3.09 0.45 0.00 3.57 3.55 3.30 0.00
Days Sales Outstanding (DSO)
37.51 45.82 46.21 43.08 49.13 26.74 0.00 48.81 42.00 35.04 0.00
Days Inventory Outstanding (DIO)
25.39 22.75 24.47 21.40 18.34 143.60 0.00 16.27 15.64 13.90 0.00
Days Payable Outstanding (DPO)
98.37 108.08 112.83 118.72 118.22 813.92 0.00 102.18 102.71 110.56 0.00
Cash Conversion Cycle (CCC)
-35.48 -39.51 -42.15 -54.23 -50.76 -643.58 0.00 -37.10 -45.07 -61.63 0.00
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
17,604 15,180 16,438 14,058 15,992 45,674 43,094 49,448 53,379 6,033 0.00
Invested Capital Turnover
5.83 5.59 6.71 6.74 2.81 3.82 0.00 1.54 2.09 16.88 0.00
Increase / (Decrease) in Invested Capital
2,424 -1,258 2,380 -1,934 -29,682 2,580 -6,354 -3,931 47,346 6,033 0.00
Enterprise Value (EV)
92,101 77,925 48,608 55,985 85,120 80,585 84,594 0.00 0.00 0.00 0.00
Market Capitalization
72,568 60,518 29,048 40,242 51,194 33,337 35,735 0.00 0.00 0.00 0.00
Book Value per Share
($2.12) ($3.13) ($4.36) ($2.21) $3.31 ($2.16) ($7.50) $15.23 $16.88 $0.83 $0.00
Tangible Book Value per Share
($36.53) ($38.83) ($40.87) ($37.85) ($35.56) ($84.10) ($88.66) ($73.39) ($77.39) ($8.82) $0.00
Total Capital
23,180 23,862 26,563 25,374 47,247 55,840 53,775 69,740 68,630 15,203 0.00
Total Debt
24,567 25,994 29,588 26,954 39,222 52,056 53,521 51,871 49,390 13,631 0.00
Total Long-Term Debt
19,363 19,012 23,015 21,131 32,865 44,319 49,201 43,998 43,061 10,650 0.00
Net Debt
19,438 17,312 19,463 15,638 28,380 41,890 42,840 31,579 34,139 7,195 0.00
Capital Expenditures (CapEx)
2,652 2,756 3,003 2,796 2,082 2,576 1,497 1,367 675 394 455
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-8,727 -12,754 -11,337 -14,840 -13,716 -17,153 -14,190 -13,767 -12,482 -5,078 0.00
Debt-free Net Working Capital (DFNWC)
-5,094 -5,388 -2,730 -5,363 -4,208 -7,851 -4,514 2,362 -1,033 1,244 0.00
Net Working Capital (NWC)
-10,298 -12,370 -9,303 -11,186 -10,565 -15,588 -8,834 -5,511 -7,362 -1,737 0.00
Net Nonoperating Expense (NNE)
1,078 1,092 1,912 -1,820 21 -3,873 9,563 1,235 -515 744 1,000
Net Nonoperating Obligations (NNO)
18,991 17,312 19,463 15,638 7,967 41,890 42,840 31,579 34,139 4,461 0.00
Total Depreciation and Amortization (D&A)
3,123 3,303 3,156 4,551 5,390 6,143 7,746 8,634 5,206 2,931 3,030
Debt-free, Cash-free Net Working Capital to Revenue
-9.13% -14.42% -11.08% -14.66% -15.83% -10.11% 0.00% -17.42% -20.08% -9.97% 0.00%
Debt-free Net Working Capital to Revenue
-5.33% -6.09% -2.67% -5.30% -4.86% -4.63% 0.00% 2.99% -1.66% 2.44% 0.00%
Net Working Capital to Revenue
-10.78% -13.99% -9.09% -11.05% -12.19% -9.19% 0.00% -6.97% -11.84% -3.41% 0.00%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$6.51 $0.00 $0.00 $0.00 $2.20 $3.21 ($0.01) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
697.84M 713.79M 731.20M 760.40M 1.51B 1.47B 1.43B 1.53B 1.54B 0.00 0.00
Adjusted Diluted Earnings per Share
$6.38 $0.00 $0.00 $0.00 $2.13 $3.04 ($0.07) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
697.84M 713.79M 731.20M 760.40M 1.51B 1.47B 1.43B 1.53B 1.54B 0.00 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $3.21 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
697.84M 713.79M 731.20M 760.40M 1.51B 1.47B 1.43B 1.53B 1.54B 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
5,654 4,464 4,334 3,887 3,526 1,656 -17,671 -1,691 -1,673 -360 -221
Normalized NOPAT Margin
5.92% 5.05% 4.24% 3.84% 4.07% 0.98% 0.00% -2.14% -2.69% -0.71% -0.41%
Pre Tax Income Margin
5.28% 4.62% 3.15% 5.85% 2.71% -0.03% 0.00% -6.03% -7.23% -2.53% -2.24%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
27.86% 31.79% 39.80% 39.25% 38.89% 64.15% -9.36% -24.74% 0.00% 0.00% 0.00%
Augmented Payout Ratio
84.42% 93.48% 158.84% 65.46% 45.76% 64.30% -61.04% -49.45% -114.16% 0.00% 0.00%

Quarterly Metrics And Ratios for Dell Technologies

This table displays calculated financial ratios and metrics derived from Dell Technologies' official financial filings.

Metric Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023
Period end date 1/31/2025 11/1/2024 8/2/2024 5/3/2024 2/2/2024 11/3/2023 8/4/2023 5/5/2023 2/3/2023 10/28/2022 7/29/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
7.23% 9.51% 9.12% 6.32% -10.87% -9.99% -13.21% -19.89% 363.51% -6.44% 9.23%
EBITDA Growth
24.26% 7.74% 14.76% -11.03% 31.06% 55.68% 12.04% -21.92% 127.24% -77.79% -29.82%
EBIT Growth
42.47% 17.97% 38.52% -22.41% 61.21% 159.91% 12.44% -41.88% 2,022.92% -90.02% -12.41%
NOPAT Growth
18.57% 6.81% 53.71% 83.27% 94.34% 35.18% -26.64% -35.84% -30.69% 10.40% 14.70%
Net Income Growth
23.82% 12.25% 84.84% 65.22% 120.30% 316.60% -10.08% -45.93% 60,500.00% -93.80% -42.50%
EPS Growth
26.92% 16.18% 85.71% 67.09% 116.67% 312.12% -7.35% -42.34% 0.00% 0.00% 0.00%
Operating Cash Flow Growth
-61.84% -27.83% -58.31% -41.31% -43.52% 443.43% 343.92% 760.59% -12.25% -87.82% -58.03%
Free Cash Flow Firm Growth
-122.53% -100.89% -111.42% 280.81% 273.52% -79.74% -85.02% -97.43% -152.26% 240.34% 295.58%
Invested Capital Growth
15.97% 9.61% 10.81% -5.12% -7.65% -17.48% -16.49% 1.43% 16.93% -53.83% -57.09%
Revenue Q/Q Growth
-1.79% -2.64% 12.51% -0.33% 0.30% -2.98% 9.62% -16.44% 1.29% -6.45% 1.18%
EBITDA Q/Q Growth
34.17% 21.66% 31.63% -36.73% 16.33% 29.58% 2.05% -14.80% 38.18% -6.74% -28.88%
EBIT Q/Q Growth
52.30% 40.75% 80.80% -57.53% 26.10% 65.27% 1.28% -23.62% 103.30% -28.50% -47.65%
NOPAT Q/Q Growth
33.20% 18.34% -28.95% 19.82% 19.99% 70.31% -15.29% 12.27% -16.54% -7.58% -25.91%
Net Income Q/Q Growth
46.67% 34.01% -11.94% -17.53% 32.97% 120.66% -21.28% -4.62% 151.45% -52.37% -52.67%
EPS Q/Q Growth
46.20% 35.04% -11.36% 0.00% 33.82% 115.87% -20.25% -5.95% 154.55% -51.47% -50.37%
Operating Cash Flow Q/Q Growth
-62.33% 15.90% 28.48% -31.96% -28.76% -33.04% 80.87% -34.52% 585.35% -45.30% 369.15%
Free Cash Flow Firm Q/Q Growth
-1,522.06% 90.55% -116.64% -11.72% -35.87% 21.20% 454.90% 140.23% -107.49% -10.38% -4.81%
Invested Capital Q/Q Growth
11.11% -0.18% 1.53% 4.21% 5.02% 0.91% -13.07% 0.24% -6.17% 2.13% 5.58%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
24.35% 21.78% 21.22% 21.61% 24.72% 23.14% 23.49% 23.98% 22.99% 23.09% 20.58%
EBITDA Margin
12.09% 8.85% 7.08% 6.06% 10.44% 9.00% 6.74% 7.24% 7.10% 5.20% 5.22%
Operating Margin
9.64% 6.85% 5.36% 4.14% 7.58% 6.68% 5.08% 5.11% 4.75% 7.13% 4.81%
EBIT Margin
8.86% 5.71% 3.95% 2.46% 6.67% 5.30% 3.11% 3.37% 3.69% 1.84% 2.40%
Profit (Net Income) Margin
6.91% 4.63% 3.36% 4.29% 5.98% 4.51% 1.98% 2.76% 2.42% 0.97% 1.91%
Tax Burden Percent
77.97% 80.96% 85.04% 174.59% 89.72% 85.08% 63.73% 81.99% 65.66% 53.08% 79.69%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
22.03% 19.04% 14.96% -74.59% 10.28% 14.92% 36.27% 18.01% 34.34% 46.92% 20.32%
Return on Invested Capital (ROIC)
43.82% 34.37% 27.74% 40.36% 38.02% 32.40% 19.26% 24.86% 20.92% 11.28% 11.31%
ROIC Less NNEP Spread (ROIC-NNEP)
43.02% 33.10% 26.05% 36.91% 37.03% 31.02% 17.70% 23.29% 19.92% 8.17% 9.29%
Return on Net Nonoperating Assets (RNNOA)
-443.80% -243.78% -169.78% -246.82% -264.08% -198.07% -120.25% -167.67% -151.85% 33.67% 64.51%
Return on Equity (ROE)
-399.98% -209.40% -142.04% -206.46% -226.05% -165.67% -101.00% -142.81% -130.94% 44.95% 75.82%
Cash Return on Invested Capital (CROIC)
19.70% 25.47% 24.04% 35.46% 36.20% 42.20% 40.12% 21.55% 12.82% 91.35% 95.69%
Operating Return on Assets (OROA)
10.46% 6.50% 4.31% 2.69% 6.87% 5.74% 3.34% 3.79% 4.14% 1.37% 1.92%
Return on Assets (ROA)
8.16% 5.26% 3.67% 4.69% 6.16% 4.88% 2.13% 3.11% 2.72% 0.73% 1.53%
Return on Common Equity (ROCE)
-421.57% -217.72% -147.02% -213.70% -234.47% -171.11% -104.72% -148.38% -136.68% 22.78% 20.73%
Return on Equity Simple (ROE_SIMPLE)
0.00% -178.60% -136.77% -126.58% 0.00% -99.21% -67.82% -63.88% 0.00% -52.38% -191.05%
Net Operating Profit after Tax (NOPAT)
1,799 1,350 1,141 1,606 1,517 1,264 742 876 781 935 1,012
NOPAT Margin
7.52% 5.54% 4.56% 7.22% 6.80% 5.68% 3.24% 4.19% 3.12% 3.78% 3.83%
Net Nonoperating Expense Percent (NNEP)
0.80% 1.27% 1.68% 3.45% 0.99% 1.37% 1.56% 1.57% 1.00% 3.11% 2.03%
Return On Investment Capital (ROIC_SIMPLE)
7.76% 5.91% - - 6.36% 5.26% - - 2.94% - -
Cost of Revenue to Revenue
75.66% 78.22% 78.78% 78.39% 75.28% 76.86% 76.51% 76.02% 77.01% 76.91% 79.42%
SG&A Expenses to Revenue
11.47% 11.88% 12.74% 14.04% 13.93% 13.35% 15.34% 15.59% 15.06% 13.22% 13.41%
R&D to Revenue
3.23% 3.06% 3.12% 3.43% 3.21% 3.11% 3.07% 3.29% 3.18% 2.74% 2.37%
Operating Expenses to Revenue
14.70% 14.93% 15.86% 17.47% 17.14% 16.46% 18.41% 18.87% 18.24% 15.96% 15.78%
Earnings before Interest and Taxes (EBIT)
2,120 1,392 989 547 1,488 1,180 714 705 923 454 635
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,894 2,157 1,773 1,347 2,329 2,002 1,545 1,514 1,777 1,286 1,379
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
0.76 0.98 0.79 0.99 0.68 0.54 0.41 0.33 0.28 0.33 0.38
Price to Earnings (P/E)
15.80 22.43 18.27 24.80 17.86 18.58 19.98 16.59 11.90 15.05 5.84
Dividend Yield
1.72% 1.30% 1.59% 1.25% 1.74% 2.10% 2.68% 3.07% 3.25% 2.63% 1.54%
Earnings Yield
6.33% 4.46% 5.47% 4.03% 5.60% 5.38% 5.00% 6.03% 8.41% 6.64% 17.14%
Enterprise Value to Invested Capital (EV/IC)
5.23 6.97 5.75 6.87 5.13 4.61 3.88 3.15 2.96 2.77 3.01
Enterprise Value to Revenue (EV/Rev)
0.96 1.18 0.99 1.20 0.88 0.73 0.59 0.53 0.48 0.59 0.61
Enterprise Value to EBITDA (EV/EBITDA)
11.27 14.92 12.59 15.30 10.54 9.75 9.08 8.71 7.62 9.01 5.23
Enterprise Value to EBIT (EV/EBIT)
18.25 26.21 22.81 28.81 19.07 18.92 19.88 19.10 15.07 21.53 8.14
Enterprise Value to NOPAT (EV/NOPAT)
16.29 21.06 17.63 22.16 17.45 18.09 15.94 13.80 11.22 9.89 11.46
Enterprise Value to Operating Cash Flow (EV/OCF)
20.37 20.21 15.05 13.53 8.98 6.76 6.86 9.25 13.63 12.31 7.60
Enterprise Value to Free Cash Flow (EV/FCFF)
28.52 28.64 25.16 18.87 13.62 9.88 8.80 14.71 24.88 1.92 1.89
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
-17.71 -11.43 -8.77 -9.36 -12.19 -10.36 -10.14 -9.72 -9.78 -8.11 -9.78
Long-Term Debt to Equity
-13.96 -8.86 -6.37 -7.12 -8.92 -7.83 -7.54 -7.85 -7.61 -6.11 -7.36
Financial Leverage
-10.32 -7.37 -6.52 -6.69 -7.13 -6.38 -6.79 -7.20 -7.62 4.12 6.95
Leverage Ratio
-46.00 -34.71 -30.75 -29.09 -33.30 -28.37 -32.11 -32.68 -39.60 20.40 29.42
Compound Leverage Factor
-46.00 -34.71 -30.75 -29.09 -33.30 -28.37 -32.11 -32.68 -39.60 20.40 29.42
Debt to Total Capital
105.98% 109.59% 112.87% 111.97% 108.93% 110.69% 110.94% 111.46% 111.39% 114.06% 111.39%
Short-Term Debt to Total Capital
22.45% 24.58% 30.89% 26.80% 29.26% 27.02% 28.46% 21.44% 24.74% 28.24% 27.49%
Long-Term Debt to Total Capital
83.53% 85.01% 81.98% 85.17% 79.67% 83.67% 82.49% 90.02% 86.64% 85.81% 83.90%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.41% 0.42% 0.45% 0.44% 0.40% 0.39% 0.39% 0.39% 0.37% 0.42% 0.43%
Common Equity to Total Capital
-6.39% -10.01% -13.32% -12.40% -9.33% -11.08% -11.33% -11.85% -11.75% -14.48% -11.83%
Debt to EBITDA
3.01 3.38 3.38 3.63 3.52 3.89 4.43 4.77 4.64 5.07 2.72
Net Debt to EBITDA
2.38 2.50 2.57 2.61 2.34 2.49 2.85 3.26 3.05 3.88 2.01
Long-Term Debt to EBITDA
2.37 2.62 2.46 2.76 2.57 2.94 3.30 3.86 3.61 3.82 2.05
Debt to NOPAT
4.35 4.77 4.74 5.25 5.82 7.23 7.78 7.56 6.83 5.57 5.97
Net Debt to NOPAT
3.44 3.52 3.61 3.79 3.88 4.62 5.00 5.16 4.49 4.26 4.41
Long-Term Debt to NOPAT
3.42 3.70 3.44 4.00 4.26 5.46 5.79 6.11 5.31 4.19 4.50
Altman Z-Score
1.65 1.64 1.39 1.52 1.31 1.22 1.11 1.16 1.13 0.87 0.90
Noncontrolling Interest Sharing Ratio
-5.40% -3.97% -3.51% -3.51% -3.72% -3.28% -3.68% -3.90% -4.39% 49.33% 72.66%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.78 0.77 0.72 0.73 0.74 0.76 0.77 0.80 0.82 0.75 0.77
Quick Ratio
0.41 0.43 0.40 0.40 0.44 0.47 0.47 0.48 0.52 0.41 0.44
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-625 -39 -408 2,450 2,775 4,327 3,570 643 -1,599 21,357 23,831
Operating Cash Flow to CapEx
79.59% 243.04% 196.48% 175.00% 210.87% 305.68% 515.06% 253.50% 357.58% 53.01% 89.72%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.18 1.14 1.09 1.09 1.03 1.08 1.07 1.13 1.12 0.75 0.80
Accounts Receivable Turnover
9.73 8.82 8.29 9.78 7.97 8.39 7.68 8.93 7.90 6.41 6.36
Inventory Turnover
14.38 14.59 14.94 15.71 16.04 14.62 15.16 14.61 14.92 16.73 19.60
Fixed Asset Turnover
14.97 14.97 14.63 14.36 13.99 15.10 15.57 16.49 17.60 12.94 13.57
Accounts Payable Turnover
3.71 3.32 3.14 3.55 3.38 3.18 3.00 3.37 3.23 3.89 3.99
Days Sales Outstanding (DSO)
37.51 41.36 44.01 37.31 45.82 43.53 47.53 40.88 46.21 56.98 57.41
Days Inventory Outstanding (DIO)
25.39 25.01 24.43 23.24 22.75 24.96 24.08 24.98 24.47 21.82 18.63
Days Payable Outstanding (DPO)
98.37 109.99 116.06 102.95 108.08 114.83 121.66 108.25 112.83 93.92 91.49
Cash Conversion Cycle (CCC)
-35.48 -43.61 -47.63 -42.41 -39.51 -46.34 -50.05 -42.39 -42.15 -15.12 -15.45
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
17,604 15,844 15,873 15,634 15,180 14,455 14,324 16,478 16,438 17,518 17,152
Invested Capital Turnover
5.83 6.20 6.08 5.59 5.59 5.70 5.95 5.94 6.71 2.98 2.95
Increase / (Decrease) in Invested Capital
2,424 1,389 1,549 -844 -1,258 -3,063 -2,828 233 2,380 -20,422 -22,819
Enterprise Value (EV)
92,101 110,501 91,322 107,443 77,925 66,638 55,587 51,892 48,608 48,535 51,688
Market Capitalization
72,568 91,921 72,555 88,987 60,518 49,519 38,049 32,391 29,048 27,548 31,676
Book Value per Share
($2.12) ($3.25) ($4.08) ($3.95) ($3.13) ($3.68) ($3.81) ($4.13) ($4.36) ($4.73) ($3.87)
Tangible Book Value per Share
($36.53) ($37.98) ($39.37) ($39.23) ($38.83) ($38.96) ($39.15) ($39.60) ($40.87) ($40.33) ($39.67)
Total Capital
23,180 22,832 21,725 22,757 23,862 24,047 24,461 25,508 26,563 23,961 24,179
Total Debt
24,567 25,022 24,522 25,480 25,994 26,617 27,138 28,432 29,588 27,329 26,934
Total Long-Term Debt
19,363 19,410 17,811 19,382 19,012 20,119 20,177 22,962 23,015 20,562 20,287
Net Debt
19,438 18,485 18,670 18,357 17,312 17,025 17,443 19,402 19,463 20,886 19,907
Capital Expenditures (CapEx)
735 639 682 596 727 704 624 701 759 747 807
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-8,727 -11,078 -12,329 -12,839 -12,754 -13,690 -13,346 -11,594 -11,337 -11,362 -11,387
Debt-free Net Working Capital (DFNWC)
-5,094 -5,853 -7,779 -7,009 -5,388 -5,392 -4,982 -3,963 -2,730 -6,453 -5,880
Net Working Capital (NWC)
-10,298 -11,465 -14,490 -13,107 -12,370 -11,890 -11,943 -9,433 -9,303 -13,220 -12,527
Net Nonoperating Expense (NNE)
146 223 300 651 182 260 287 298 175 694 506
Net Nonoperating Obligations (NNO)
18,991 18,034 18,670 18,357 17,312 17,025 17,001 19,402 19,463 20,886 19,907
Total Depreciation and Amortization (D&A)
774 765 784 800 841 822 831 809 854 832 744
Debt-free, Cash-free Net Working Capital to Revenue
-9.13% -11.79% -13.42% -14.31% -14.42% -15.02% -14.26% -11.94% -11.08% -13.74% -13.50%
Debt-free Net Working Capital to Revenue
-5.33% -6.23% -8.47% -7.81% -6.09% -5.92% -5.32% -4.08% -2.67% -7.81% -6.97%
Net Working Capital to Revenue
-10.78% -12.20% -15.78% -14.60% -13.99% -13.05% -12.76% -9.71% -9.09% -15.99% -14.85%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.35 $1.61 $1.19 $1.36 $1.87 $1.39 $0.64 $0.81 $0.84 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
697.84M 700.46M 702.38M 709.30M 713.79M 711.60M 723.43M 727.24M 731.20M 716.13M 732.96M
Adjusted Diluted Earnings per Share
$2.31 $1.58 $1.17 $1.32 $1.82 $1.36 $0.63 $0.79 $0.84 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
697.84M 700.46M 702.38M 709.30M 713.79M 711.60M 723.43M 727.24M 731.20M 716.13M 732.96M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.84 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
697.84M 700.46M 702.38M 709.30M 713.79M 711.60M 723.43M 727.24M 731.20M 716.13M 732.96M
Normalized Net Operating Profit after Tax (NOPAT)
1,799 1,350 1,141 644 1,517 1,264 742 876 781 935 1,012
Normalized NOPAT Margin
7.52% 5.54% 4.56% 2.90% 6.80% 5.68% 3.24% 4.19% 3.12% 3.78% 3.83%
Pre Tax Income Margin
8.86% 5.71% 3.95% 2.46% 6.67% 5.30% 3.11% 3.37% 3.69% 1.84% 2.40%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
27.86% 30.02% 29.79% 31.69% 31.79% 39.61% 54.20% 51.37% 39.80% 98.73% 32.06%
Augmented Payout Ratio
84.42% 96.96% 105.71% 102.80% 93.48% 91.34% 121.49% 138.74% 158.84% 328.73% 97.90%

Frequently Asked Questions About Dell Technologies' Financials

When does Dell Technologies's fiscal year end?

According to the most recent income statement we have on file, Dell Technologies' financial year ends in January. Their financial year 2025 ended on January 31, 2025.

How has Dell Technologies' net income changed over the last 10 years?

Dell Technologies' net income appears to be on a downward trend, with a most recent value of $4.58 billion in 2025, falling from -$1.22 billion in 2015. The previous period was $3.37 billion in 2024. Find out what analysts predict for Dell Technologies in the coming months.

What is Dell Technologies's operating income?
Dell Technologies's total operating income in 2025 was $6.24 billion, based on the following breakdown:
  • Total Gross Profit: $21.25 billion
  • Total Operating Expenses: $15.01 billion
How has Dell Technologies revenue changed over the last 10 years?

Over the last 10 years, Dell Technologies' total revenue changed from $54.14 billion in 2015 to $95.57 billion in 2025, a change of 76.5%.

How much debt does Dell Technologies have?

Dell Technologies' total liabilities were at $81.13 billion at the end of 2025, a 3.7% decrease from 2024, and a 86.3% increase since 2016.

How much cash does Dell Technologies have?

In the past 9 years, Dell Technologies' cash and equivalents has ranged from $3.63 billion in 2025 to $13.94 billion in 2018, and is currently $3.63 billion as of their latest financial filing in 2025.

How has Dell Technologies' book value per share changed over the last 10 years?

Over the last 10 years, Dell Technologies' book value per share changed from 0.00 in 2015 to -2.12 in 2025, a change of -211.6%.



This page (NYSE:DELL) was last updated on 5/29/2025 by MarketBeat.com Staff
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