Dell TechnologiesDELLRevenue: is the business selling more than it used to?
$113.5B+19% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $113.5B in 2025, compounding +3% a year since 2021 though the path has been bumpy. The trailing twelve months are already running at $134.0B, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLNet income: how much of that revenue becomes profit?
$5.9B+30% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $5.9B in 2025, compounding +1% a year over three years. Earnings per share moved +84% over the last twelve months. Trailing twelve-month profit stands at $8.4B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLHow fast is it growing, year by year?
+18.8%revenue growth, FY 2025
→Revenue grew +19% in 2025 against a five-year average of +20%. Earnings grew faster (+30%), so each new dollar of sales is arriving more profitably.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLRevenue per share: is your slice growing as fast as the company?
$165.99revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-05-01), not a full fiscal year
→Revenue per share reached $165.99 in 2025, compounding +7% a year against +3% for DELL as a whole. Buybacks added roughly 3.8 points to your per-share result. Free cash flow per share stands at $12.50.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLFree cash flow: what is left in real cash after everything?
$8.6B+358% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $8.6B in 2025, compounding +3% a year since 2021. The trailing twelve months stand at $9.4B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLWhere does each dollar of revenue actually go?
→Of $113.5B in 2025 sales, $5.9B reaches net profit - 5 cents on the dollar. The largest single deduction is producing the product ($90.8B).
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→8 cents of every sales dollar became free cash in 2025, up 6 points since 2024.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-05-01), not a full fiscal year
→The biggest claim on each sales dollar is research and development, at 3% of revenue (capital spending 2%, stock compensation 1%).
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLWhen sales grow, do profits grow faster?
→Operating profit outgrew revenue in 4 of the last 4 years, most recently +31% against +19%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-05-01), not a full fiscal year
→Operating margin has held near 7% since 2024. After everything, 5 cents of each sales dollar reaches net profit.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-05-01), not a full fiscal year
→Return on capital needs both a profit and an equity base; one of them isn't available here.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLWhat has the market paid for DELL over time?
42.6xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 42.6x earnings, the market is paying +567% more than DELL's own 5-year median of 6.4x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLWhat cash return does the business throw off per dollar of market value?
2.8%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 2.8% of annual free cash flow, less than its 5-year median of 20.6% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLCould it handle its debt if things went wrong?
→Debt of $31.2B sits against $11.6B of cash. Earnings cover interest 6.7 times - adequate, with less room than it looks in a downturn.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLIs the company's own capital growing?
→Shareholders' equity is negative at $-1.4B: liabilities exceed assets. Usually the mark of heavy buybacks or accumulated losses, and always worth understanding which.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLHow much goes back, and how much leaks out as stock comp?
→Shareholders received $2.1B in buybacks and $1.1B in dividends in 2023. Stock compensation issued $723M of new shares in the same year, offsetting 23% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLHow fast is your ownership being diluted - or concentrated?
→The share count shrank 5.0% in 2025, averaging 3.6% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLDoes DELL earn more on its capital than that capital costs?
→DELL earns 21.4% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 12.8% in 2021, so the trend is up, though the pace has cooled. That is the highest in DELL's filed history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLDELL has issued or retired shares - did shareholders end up better off?
→DELL has shrunk its share count -9% from 2019 to 2025, so each remaining share owns more of the business. Revenue per share is +47% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01
Dell TechnologiesDELLAre the people running it buying or selling?
→Insiders sold $356M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 12 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-01