Dell (DELL) Stock Analysis

July 23, 2026

This is a peer-relative look at Dell (DELL): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Dell (DELL)
Profile Item	DELL
Name	Dell Technologies Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Technology Hardware & Equipment
GICS Industry	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Technology Hardware, Storage & Peripherals
Market Capitalization	261.14 billion USD
Currency	USD
Exchange	NYSE
Listing Date	August 17, 2016
Security Type	Common Stock

Price Performance

Cumulative Growth

DELL

GSPC

Dell (DELL) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Dell (DELL) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Dell (DELL) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Total Return (1Y)	218.68%	50.82%
Total Return (3Y, Annualized)	99.77%	23.86%
Total Return (5Y, Annualized)	55.61%	14.34%

Risk Profile

Drawdown History

DELL

GSPC

Dell (DELL) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Dell (DELL) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Volatility (1Y, Annualized)	68.63%	55.04%
Beta (5Y)	1.33	1.32
Max Drawdown (5Y)	-59.59%	-55.60%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. DELL is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Sharpe Ratio (1Y)	3.13	0.95
Sortino Ratio (1Y)	6.03	1.40

Profitability

ROE (TTM)

No usable ROE is available for Dell (DELL) this period, so the shareholder-equity return read is skipped.

DELL

Technology Hardware & Equipment industry group

Group distribution

Max: 44.16%
Q3: 18.89%
Median: 10.96%
Q1: 0.11%
Min: -25.92%
DELL: --

Largest peers

STX: 1,787.97%
AAPL: 141.47%
SNDK: 39.30%
APH: 36.83%
ANET: 31.52%
CSCO: 25.23%
DELL: --

Dell (DELL) doesn’t report ROE this period; the box shows the Technology Hardware & Equipment group’s distribution and the dots its largest members.

Net Margin (TTM)

Dell (DELL) keeps 6.28% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

DELL

Technology Hardware & Equipment industry group

6.28%

Group distribution

Max: 27.15%
Q3: 12.01%
DELL: 6.28%
Median: 4.40%
Q1: 0.00%
Min: -14.09%

Largest peers

ANET: 38.32%
SNDK: 34.19%
AAPL: 27.15%
STX: 21.60%
CSCO: 19.69%
APH: 17.24%
DELL: 6.28%

Where Dell (DELL) stands on net margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Dell (DELL) turns 8.86% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

DELL

Technology Hardware & Equipment industry group

8.86%

Group distribution

Max: 32.28%
Q3: 15.14%
DELL: 8.86%
Median: 6.42%
Q1: 1.49%
Min: -18.45%

Largest peers

SNDK: 69.98%
ANET: 42.74%
STX: 35.67%
AAPL: 32.28%
APH: 27.31%
CSCO: 24.99%
DELL: 8.86%

Where Dell (DELL) stands on operating margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
ROE (TTM)	--	10.96%
ROA (TTM)	7.00%	4.19%
Net Margin (TTM)	6.28%	4.40%
Operating Margin (TTM)	8.86%	6.42%
Gross Margin (TTM)	19.21%	38.91%

Growth

Revenue Growth

Dell (DELL) grew revenue 18.80%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Dell (DELL): Revenue Growth across different time periods, set against Technology Hardware & Equipment industry-group medians.

EPS Growth

Dell (DELL) grew earnings per share 36.05%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Dell (DELL): EPS Growth across different time periods, set against Technology Hardware & Equipment industry-group medians.

Growth Metrics

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Revenue Growth (YoY)	18.80%	8.73%
Revenue Growth (3Y CAGR)	3.54%	1.90%
EPS Growth (YoY)	36.05%	10.07%
EPS Growth (3Y CAGR)	38.89%	3.15%

Financial Strength

Current Ratio (MRQ)

Dell (DELL) has current ratio of 0.95, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

DELL

Technology Hardware & Equipment industry group

0.95

Group distribution

Max: 5.80
Q3: 3.15
Median: 1.96
Q1: 1.29
DELL: 0.95
Min: 0.40

Largest peers

SNDK: 4.78
ANET: 2.83
APH: 1.71
STX: 1.33
AAPL: 1.07
DELL: 0.95
CSCO: 0.93

Where Dell (DELL) stands on current ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

No usable debt-to-equity ratio is available for Dell (DELL) this period, so the balance-sheet leverage read is skipped.

DELL

Technology Hardware & Equipment industry group

Group distribution

Max: 2.02
Q3: 0.88
Median: 0.31
Q1: 0.06
Min: 0.00
DELL: --

Largest peers

STX: 3.82
APH: 1.33
AAPL: 0.80
CSCO: 0.68
SNDK: 0.02
DELL: --
ANET: --

Dell (DELL) doesn’t report debt-to-equity ratio this period; the box shows the Technology Hardware & Equipment group’s distribution and the dots its largest members.

Financial Strength Metrics

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Current Ratio (MRQ)	0.95	1.96
Debt / Equity (MRQ)	--	0.31
Net Debt / EBITDA	1.45	0.95

Dividends

Dividend Yield (TTM)

Dell (DELL) has dividend yield of 0.58%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

DELL

Technology Hardware & Equipment industry group

0.58%

Group distribution

Max: 0.84%
DELL: 0.58%
Q3: 0.36%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 1.49%
DELL: 0.58%
APH: 0.55%
STX: 0.36%
AAPL: 0.32%
SNDK: 0.00%
ANET: 0.00%

Where Dell (DELL) stands on dividend yield within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Dell (DELL) has payout ratio of 17.57%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

DELL

Technology Hardware & Equipment industry group

17.57%

Group distribution

Max: 37.10%
DELL: 17.57%
Q3: 15.24%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 55.00%
STX: 27.70%
APH: 23.85%
DELL: 17.57%
AAPL: 12.59%
SNDK: 0.00%
ANET: 0.00%

Where Dell (DELL) stands on payout ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Dividend Yield (TTM)	0.58%	0.00%
Dividend Payout Ratio (TTM)	17.57%	0.00%

Valuation

P/E Ratio (TTM)

Dell (DELL) trades at P/E ratio of 30.39, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

DELL

Technology Hardware & Equipment industry group

30.39

Group distribution

Max: 144.77
Q3: 72.63
Median: 37.17
DELL: 30.39
Q1: 22.68
Min: 8.96

Largest peers

STX: 76.36
ANET: 58.19
SNDK: 47.62
APH: 43.24
AAPL: 39.53
CSCO: 37.39
DELL: 30.39

Where Dell (DELL) stands on P/E ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Dell (DELL) trades at 1.95 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

DELL

Technology Hardware & Equipment industry group

1.95

Group distribution

Max: 16.05
Q3: 7.77
Median: 3.47
DELL: 1.95
Q1: 1.40
Min: 0.00

Largest peers

ANET: 22.64
STX: 18.33
SNDK: 17.85
AAPL: 10.66
APH: 7.49
CSCO: 7.28
DELL: 1.95

Where Dell (DELL) stands on P/S ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Dell (DELL) has negative P/B ratio of -186.85, which means reported book equity is negative. Price-to-book breaks down in this situation and should not be used as a valuation signal.

DELL

Technology Hardware & Equipment industry group

-186.85

Group distribution

Max: 17.07
Q3: 8.65
Median: 3.87
Q1: 2.08
Min: -0.84
DELL: -186.85

Largest peers

STX: 182.75
AAPL: 45.14
SNDK: 17.07
ANET: 16.30
APH: 13.88
CSCO: 9.05
DELL: -186.85

Where Dell (DELL) stands on P/B ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
P/E Ratio (TTM)	30.39	37.17
P/S Ratio (TTM)	1.95	3.47
P/B Ratio (MRQ)	-186.85	3.87
Free Cash Flow Yield (TTM)	2.08%	1.98%