Dell Technologies (DELL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Dell Technologies

NYSE•Technology•Computer Hardware

$588.40+25.11(0.04%)After hours

Market Cap

$375.04B

P/E

33.0x

P/S

2.5x

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) segments. The ISG segment provides modern and traditional storage solutions, including all-flash, purpose-built, hyper-converged infrastructure, software-defined storage, and general-purpose and AI-optimized servers. This segment also offers networking products and services comprising wide area network infrastructure, data center and edge networking switches, and cables and optics that help its business customers to transform and modernize their infrastructure and complementing its server and storage solutions; and software, peripherals, and services, including consulting and support, and deployment. The CSG segment provides notebooks, desktops, and workstations and branded peripherals that include displays, docking stations, keyboards, mice, webcam and audio devices, and third-party software and peripherals; and configuration, and extended warranties services. The company is involved in originating, collecting, and servicing customer financing arrangements and offers payment and consumption solutions and services, such utility, subscription, as-a-service, leases, and loans, as well as fixed-term leases and loans. It serves enterprises, governmental agencies and other public institutions, educational institutions, healthcare organizations, small and medium-sized businesses, and consumers. The company has a strategic alliance with Rafay Systems for the development of AI infrastructure solutions. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in March 2013. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.

How this company scores

WeakMetricSide Score: 71/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (25/25); weakest: Balance Sheet & Red Flags (12/25).

Profitability12/25

Growth25/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowRising earningsInterest easily covered

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 33.0x5y range 6.1x – 33.0x

Currently above its 20-quarter median.

P/S · 2.5x5y range 0.3x – 2.5x

Currently above its 20-quarter median.

P/B · 4.8x5y range 4.8x – 4.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $375.04B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $151.20B
Q. Revenue: $46.97B
TTM EBITDA: $17.30B
TTM Op. Income: $14.25B
Q. Op. Income: $5.38B
TTM Net Income: $11.38B
Q. Net Income: $4.13B
EPS: $6.41
Shares Out.: $645.00M

$151.20B in TTM revenue grew 49.0% YoY, reaching $46.97B last quarter. TTM EBITDA of $17.30B and TTM operating income of $14.25B show growth is flowing through to the bottom line. TTM net income of $11.38B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 20.9%
EBITDA Margin: 11.7%
Op. Margin: 11.5%
Net Margin: 8.8%

Op. margin of 11.5% is up 5.5% YoY — cost efficiency is improving. Net margin at 8.8% and gross margin of 20.9% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 93% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 33.0x
P/S Ratio: 2.5x
P/B Ratio: N/A

At 33.0x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.5x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $127.39B
Cash: $11.57B
Long-Term Debt: $25.98B
Book Value: $-1.43B
D/E Ratio: N/A
Debt/EBITDA: 4.7

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.23B
TTM Free Cash Flow: $8.56B
FCF Margin: 5.7%
FCF / Net Income: 0.8

TTM FCF of $8.56B on $2.23B in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 76% — a weakening trend.