Is the business good?
How good a business is DELL?
Dell Technologies earns 46% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
46%
Return on invested capital · cost of capital 9.0% · 37 points above what the capital costs: growth creates value
- Operating margin
- 7.9%
Operating margin · Computer Hardware median 4.9% · 12 months to Q1 2027
- Cash conversion
- 1.12×
Cash conversion · 0.80× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −6.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2021 | 4.3% |
| FY2022 | 4.6% |
| FY2023 | 5.6% |
| FY2024 | 6.1% |
| FY2025 | 6.5% |
| FY2026 | 7.2% |
Details›
- Gross margin12 months to Q1 2027
- 19%
- Operating margin12 months to Q1 2027
- 7.9%
- Net margin12 months to Q1 2027
- 6.3%
- Free cash flow margin
- 7.0%
- R&D as % of revenue
- 2.5%
- Revenue, trailing twelve months
- $134.0B
- Free cash flow, trailing twelve months
- $9.44B
- Net income, trailing twelve months
- $8.41B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 46%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Computer Hardware
Ranks #6 of 11 by Smart Score