Dell Technologies

Information Technology Technology Hardware, Storage & Peripherals Round Rock, Texas Last filing Mar 16, 2026 · FY2026

                    Revenue
                    FY2026
                
$113.5B
                    3y CAGR +8.7%
                    
                    P60
                    
                    +18.8%
                    
                    Net income
                    FY2026
                
$5.9B
                    Net margin +5.2%
                    
                    P27
                    
                    +29.3%
                    
                    Total assets
                    FY2026
                
$101.3B
                    ROA +5.9%
                    
                    P57
                    
                    +27.0%
                    
                    Operating cash flow
                    FY2026
                
$11.2B
                    FCF margin +7.5%
                    
                    P20
                    
                    +147.4%

13 yrs · FY2014–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

35 accounts · 5 years

Total assets $101.3B

Total liabilities $103.8B

Shareholders equity $-2.5B

Account	2026	2025	2024	2023	2022
Assets
Cash and Cash Equivalents	11.4%	4.6%	9.0%	9.0%	9.6%
Short Term Investments	0.1%	0.0%	0.0%	0.0%	0.0%
Accounts Receivable	17.4%	12.9%	0.1%	11.4%	13.9%
Inventory	10.3%	8.4%	4.4%	4.4%	5.3%
Prepaid Expenses	0.5%	0.7%	0.7%	0.7%	0.7%
Other Current Assets	9.5%	12.1%	13.4%	13.4%	12.1%
Total Current Assets	56.9%	45.4%	43.8%	43.8%	47.3%
Property,Plant and Equipment	6.6%	7.9%	7.8%	7.8%	6.9%
Operating Lease Assets	0.6%	0.8%	0.9%	0.9%	0.8%
Goodwill	19.3%	24.0%	24.0%	24.0%	22.0%
Intangible Assets	4.5%	6.3%	6.9%	6.9%	7.2%
Long Term Investments	1.7%	1.9%	1.6%	1.6%	1.7%
Other Noncurrent Assets	5.3%	7.1%	8.7%	8.7%	8.2%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	33.2%	26.1%	—	23.6%	20.8%
Accrued Liabilities	8.2%	8.3%	8.3%	8.3%	9.9%
Deferred Revenue	13.2%	17.1%	18.7%	18.7%	17.3%
Current Portion of Long Term Debt	7.9%	6.5%	8.5%	—	—
Operating Lease Liabilities	0.2%	0.3%	0.3%	0.3%	0.3%
Other Current Liabilities	3.3%	3.7%	3.7%	—	2.3%
Total Current Liabilities	62.5%	58.3%	59.1%	59.1%	57.6%
Long Term Debt	23.2%	24.3%	23.2%	23.2%	25.7%
Deferred Revenue Noncurrent	13.4%	15.4%	16.8%	16.8%	16.5%
Operating Lease Liabilities Noncurrent	0.5%	0.7%	0.7%	0.7%	0.7%
Deferred Tax Liabilities	0.0%	1.5%	1.8%	1.8%	1.8%
Other Noncurrent Liabilities	3.3%	3.7%	3.7%	3.7%	3.6%
Total Liabilities	102.4%	101.7%	102.8%	102.8%	103.4%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	9.3%	11.4%	10.9%	10.9%	9.4%
Additional Paid In Capital	0.7%	1.0%	1.1%	1.1%	1.0%
Retained Earnings	3.3%	-1.5%	-5.6%	-5.6%	-7.5%
Treasury Stock	14.3%	10.7%	7.2%	7.2%	4.3%
Accumulated Other Comprehensive Income	-0.7%	-1.2%	-1.0%	-1.0%	-1.1%
Total Stockholders Equity	-2.4%	-1.9%	-2.9%	-2.9%	-3.5%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	99.9%	99.9%

Income Statement

Revenue, expense, and profitability

21 accounts · 5 years

Revenue $113.5B

Operating income $8.1B

Net income $5.9B

Account	2026	2025	2024	2023	2022
IncomeStatement
Revenues Total Revenue	112.1%	119.8%	107.7%	107.7%	114.2%
Expenses Cost of Revenue	89.7%	93.2%	82.1%	82.3%	88.8%
Expenses Research and Development	3.1%	3.8%	3.4%	3.4%	3.1%
Expenses Selling,General and Administrative	11.3%	15.0%	15.7%	15.7%	15.8%
Expenses Depreciation and Amortization	3.0%	3.9%	4.0%	4.0%	3.5%
Expenses Share Based Compensation	0.7%	1.0%	1.1%	—	—
Expenses Restructuring and Asset Impairment	0.6%	0.9%	0.8%	0.8%	0.6%
Expenses Operating Expenses	14.4%	18.8%	19.1%	19.1%	18.9%
Other Income Expense Gross Profit	22.4%	26.6%	25.7%	25.4%	25.3%
Other Income Expense Operating Income	8.0%	7.8%	6.6%	6.3%	6.4%
Other Income Expense Interest Income	0.3%	0.2%	0.4%	0.4%	0.1%
Other Income Expense Interest Expense	1.5%	1.7%	1.8%	1.8%	1.4%
Other Income Expense Other Income/expense	0.0%	-0.0%	0.0%	-0.1%	-0.1%
Other Income Expense Income Before Tax	7.2%	6.3%	5.0%	4.7%	3.6%
Income Tax Income Tax Expense	1.3%	0.6%	0.9%	0.8%	0.9%
net Income net Income	5.9%	5.8%	4.1%	3.9%	2.7%
net Income Comprehensive Income	6.1%	5.6%	4.4%	4.2%	2.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	—	—
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	—	—
Earnings Per Share Weighted Average Shares Basic	0.7%	0.9%	0.9%	0.9%	0.8%
Earnings Per Share Weighted Average Shares Diluted	0.7%	0.9%	0.9%	0.9%	0.8%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $11.2B

Investing cash flow $-2.1B

Financing cash flow $-1.5B

Account	2026	2025	2024	2023	2022
CashFlow
Operating Activities net Income	5.9%	5.8%	4.1%	3.9%	2.7%
Operating Activities Depreciation and Amortization	3.0%	3.9%	4.0%	4.0%	3.5%
Operating Activities Stock Based Compensation	0.7%	1.0%	1.1%	1.1%	1.0%
Operating Activities Deferred Income Taxes	-0.1%	-0.3%	-0.1%	-0.1%	-0.8%
Operating Activities Changes In Operating Assets and Liabilities	23.3%	5.0%	-6.7%	1.8%	-1.1%
Operating Activities net Cash From Operating Activities	11.0%	5.7%	10.6%	10.6%	4.0%
Investing Activities Capital Expenditures	2.6%	3.3%	3.4%	3.4%	3.4%
Investing Activities Business Acquisitions	0.1%	0.0%	0.2%	0.2%	0.1%
Investing Activities Purchases of Investments	0.2%	0.2%	0.2%	0.2%	0.1%
Investing Activities Other Investing Activities	-0.1%	-0.2%	-0.1%	-0.1%	-0.0%
Investing Activities net Cash From Investing Activities	-2.0%	-2.8%	-3.4%	-3.4%	-3.4%
Financing Activities Proceeds From Debt	14.8%	11.6%	9.5%	9.5%	13.9%
Financing Activities Repayment of Debt	8.4%	13.3%	13.7%	13.7%	11.0%
Financing Activities Repurchase of Common Stock	5.9%	3.2%	2.5%	2.5%	3.2%
Financing Activities Dividends Paid	1.4%	1.6%	1.3%	1.3%	1.1%
Financing Activities Proceeds From Stock Issuance	0.0%	0.0%	0.0%	—	0.0%
Financing Activities Tax Withholding On Stock Based Compensation	0.4%	0.7%	0.5%	0.5%	0.4%
Financing Activities Other Financing Activities	-0.1%	-0.1%	-0.1%	-0.1%	-0.0%
Financing Activities net Cash From Financing Activities	-1.4%	-7.3%	-8.6%	-8.6%	-1.8%
Cash Reconciliation Cash At Beginning of Period	11.4%	4.6%	9.1%	9.0%	9.6%
Cash Reconciliation Cash At End of Period	11.4%	4.6%	9.1%	9.0%	9.6%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2026	2025	2024	2023	2022
Profitability
Gross margin	+20.0%	+22.2%	+23.8%	+23.6%	+22.2%
Operating margin	+7.2%	+6.5%	+6.1%	+5.9%	+5.6%
Net margin	+5.2%	+4.8%	+3.8%	+3.6%	+2.4%
FCF margin	+7.5%	+2.0%	+6.7%	+6.7%	+0.5%
Growth
Revenue CAGR (3y)	+8.7%	-2.2%	-4.4%	+0.7%	+6.4%
Returns
ROE	-240.3%	-309.9%	-140.9%	-133.6%	-78.2%
ROA	+5.9%	+5.8%	+4.1%	+3.9%	+2.7%
ROIC	+38.0%	+29.1%	+27.5%	+26.4%	+24.3%
Liquidity
Current ratio	0.91x	0.78x	0.74x	0.74x	0.82x
Quick ratio	0.46x	0.30x	0.15x	0.34x	0.41x
Leverage
D/E	-42.01x	-54.75x	-35.11x	-35.11x	-29.67x
Interest coverage	5.22x	4.47x	3.60x	3.47x	4.72x
Efficiency
Asset turnover	1.12x	1.20x	1.08x	1.08x	1.14x
Cash conversion cycle	-37d	-30d	—	-47d	-19d

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Dell Technologies

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