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

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

35 accounts · 10 years

Total assets $101.3B

Total liabilities $103.8B

Shareholders equity $-2.5B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	-2.1%	-15.5%	-8.7%	-10.1%	-9.2%	-9.2%	-12.0%	-18.3%	-30.6%	—
Short Term Investments	-37.9%	-55.9%	-59.5%	-65.2%	-64.2%	-64.8%	-62.9%	-95.4%	-94.1%	—
Accounts Receivable	+4.6%	-1.6%	-51.8%	-3.7%	+1.3%	+2.4%	-2.9%	+3.2%	+5.5%	—
Inventory	+16.3%	+12.2%	+4.4%	+5.2%	+12.3%	+21.8%	+8.3%	+10.7%	+36.3%	—
Prepaid Expenses	-6.6%	-7.1%	-7.5%	-8.7%	-8.8%	-3.4%	-10.8%	-6.7%	-21.8%	—
Other Current Assets	+5.6%	+6.3%	+9.3%	+11.0%	+13.0%	+18.3%	+18.6%	+8.4%	+2.8%	—
Total Current Assets	+4.0%	-1.3%	-1.6%	-1.9%	+1.0%	+2.8%	+2.6%	-4.4%	-10.4%	—
Property,Plant and Equipment	+2.4%	+2.0%	+2.6%	+3.0%	+2.9%	+0.1%	-3.6%	+6.0%	-2.4%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	-7.6%	-8.8%	-9.6%	-11.1%	-13.2%	-16.1%	-20.5%	-27.2%	+0.4%	—
Intangible Assets	-18.4%	-19.5%	-20.4%	-23.4%	-25.5%	-28.3%	-31.4%	-20.0%	-21.2%	—
Long Term Investments	-9.3%	-12.0%	-15.2%	-17.5%	-18.3%	-18.5%	-31.6%	-54.4%	-75.9%	—
Other Noncurrent Assets	+9.4%	+11.3%	+16.8%	+19.8%	+24.9%	+30.6%	+41.0%	+108.3%	+18.0%	—
Total Assets	-2.2%	-5.4%	-5.7%	-6.7%	-6.3%	-7.0%	-0.2%	-2.2%	-10.0%	—
Liabilities
Accounts Payable	+7.0%	+1.6%	—	+0.9%	+0.3%	+10.3%	+5.6%	+4.6%	+4.8%	—
Accrued Liabilities	+0.4%	-2.4%	-2.3%	-2.7%	+2.0%	-1.4%	-3.7%	+10.3%	+5.8%	—
Deferred Revenue	+1.6%	+2.1%	+4.0%	+4.7%	+6.0%	+5.3%	+4.4%	+13.2%	+11.5%	—
Current Portion of Long Term Debt	—	—	—	—	—	—	—	—	—	—
Operating Lease Liabilities	—	—	—	—	—	—	—	—	—	—
Other Current Liabilities	—	—	—	—	—	—	—	—	—	—
Total Current Liabilities	+3.6%	+0.2%	+0.8%	+0.9%	+2.4%	+5.2%	+5.7%	+7.0%	-1.9%	—
Long Term Debt	-6.7%	-9.8%	-11.3%	-13.1%	-12.2%	-16.8%	-9.3%	+0.4%	+11.8%	—
Deferred Revenue Noncurrent	+4.4%	+3.7%	+6.0%	+7.0%	+9.9%	+9.6%	+10.4%	+18.4%	+20.2%	—
Operating Lease Liabilities Noncurrent	—	—	—	—	—	—	—	—	—	—
Deferred Tax Liabilities	—	-16.4%	-15.9%	-18.3%	-19.9%	-21.8%	-25.7%	-49.2%	-12.2%	—
Other Noncurrent Liabilities	-8.2%	-10.7%	-11.6%	-13.4%	-15.0%	-15.8%	-18.6%	-14.0%	-13.1%	—
Total Liabilities	-0.3%	-3.3%	-3.2%	-3.8%	-2.7%	-3.0%	+2.8%	+4.0%	+4.9%	—
Equity
Preferred Stock	—	—	—	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	—
Common Stock	-7.9%	-9.3%	-10.8%	-12.5%	-15.8%	-20.6%	-5.4%	-10.1%	-19.0%	—
Additional Paid In Capital	-1.6%	-0.8%	+0.7%	+0.8%	+2.1%	+17.9%	+24.2%	+22.6%	+9.4%	—
Retained Earnings	—	—	—	—	—	—	—	—	—	—
Treasury Stock	+29.3%	+24.9%	+22.3%	+26.5%	+21.5%	-9.5%	-40.4%	-78.8%	-95.6%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	—	—	—	—	—	—	-40.4%	—	—	—
Total Liabilitiesand Equity	-1.7%	-4.8%	-5.1%	-5.9%	-5.4%	-5.9%	-0.0%	-1.9%	-10.4%	—

Income Statement

Revenue, expense, and profitability

21 accounts · 10 years

Revenue $113.5B

Operating income $8.1B

Net income $5.9B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	+4.1%	+2.4%	+1.6%	+1.9%	+5.3%	+6.4%	+3.1%	+3.6%	+14.7%	—
Expenses Cost of Revenue	+5.0%	+3.0%	+2.0%	+2.4%	+6.4%	+7.9%	+4.4%	+4.7%	+12.1%	—
Expenses Research and Development	-3.6%	-4.4%	-6.2%	-7.2%	-8.7%	-12.4%	-17.6%	-25.2%	+5.0%	—
Expenses Selling,General and Administrative	-5.3%	-5.4%	-5.1%	-5.9%	-5.3%	-5.7%	-9.0%	-7.7%	+11.2%	—
Expenses Depreciation and Amortization	-11.0%	-11.9%	-12.8%	-14.8%	-18.2%	-14.8%	-14.5%	-15.7%	-10.3%	—
Expenses Share Based Compensation	—	—	—	—	—	—	—	—	—	—
Expenses Restructuring and Asset Impairment	+15.2%	+20.2%	+22.2%	+26.4%	+27.1%	-4.2%	+32.3%	+4.6%	+35.2%	—
Expenses Operating Expenses	-4.9%	-5.2%	-5.3%	-6.2%	-5.9%	-6.9%	-10.5%	-10.8%	+10.0%	—
Other Income Expense Gross Profit	+1.1%	+0.4%	+0.4%	+0.3%	+2.0%	+1.6%	-0.6%	+0.2%	+22.0%	—
Other Income Expense Operating Income	—	—	—	—	—	—	—	—	—	—
Other Income Expense Interest Income	+2.4%	-3.2%	+5.7%	+6.7%	-13.5%	-32.9%	-39.0%	-30.8%	+51.2%	—
Other Income Expense Interest Expense	-4.7%	-6.6%	-6.5%	-7.6%	-12.7%	-10.5%	-5.2%	-1.5%	+3.4%	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	—	—	—	—	—	—	—	—	—	—
Income Tax Income Tax Expense	—	—	—	—	—	—	—	—	—	—
net Income net Income	—	—	—	—	—	—	—	—	—	—
net Income Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Basic Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Diluted Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Basic	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Diluted	—	—	—	—	—	—	—	—	—	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $11.2B

Investing cash flow $-2.1B

Financing cash flow $-1.5B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	—	—	—	—	—	—	—	—	—	—
Operating Activities Depreciation and Amortization	-11.0%	-11.9%	-12.8%	-14.8%	-18.2%	-14.8%	-14.5%	-15.7%	-10.3%	—
Operating Activities Stock Based Compensation	-1.6%	-0.8%	+0.7%	+0.8%	+2.2%	+18.1%	+24.4%	+22.9%	+9.9%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	+21.3%	-0.4%	—	-15.9%	—	-17.3%	-26.4%	-38.7%	+19.1%	—
Operating Activities net Cash From Operating Activities	+5.6%	-5.0%	+3.4%	+4.0%	-12.2%	+10.8%	+18.6%	+16.5%	+2.2%	—
Investing Activities Capital Expenditures	+9.0%	+10.3%	+12.5%	+14.7%	+19.9%	+23.2%	+19.8%	+45.8%	+23.5%	—
Investing Activities Business Acquisitions	-20.4%	—	-21.0%	-24.1%	-36.1%	-60.5%	—	-93.2%	—	—
Investing Activities Purchases of Investments	-29.2%	-35.9%	-37.0%	-41.7%	-52.3%	-44.6%	-57.5%	-79.7%	-78.9%	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Debt	+0.4%	-5.4%	-8.4%	-9.8%	-2.8%	+9.1%	+4.4%	+19.2%	-9.5%	—
Financing Activities Repayment of Debt	-4.0%	-1.8%	-1.2%	-1.4%	-4.3%	+21.5%	+19.5%	+34.3%	-6.6%	—
Financing Activities Repurchase of Common Stock	+26.5%	+17.3%	+16.3%	+19.2%	+31.8%	+19.9%	-30.7%	-89.5%	+1844.1%	—
Financing Activities Dividends Paid	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	—	—	—	—	—	—	—	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	+0.1%	+5.2%	-0.5%	-0.6%	+0.7%	-2.9%	—	+19.2%	+0.5%	—
Financing Activities Other Financing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Cash At Beginning of Period	-2.1%	-15.5%	-8.5%	-10.1%	-9.2%	-9.2%	-12.0%	-18.3%	-30.6%	—
Cash Reconciliation Cash At End of Period	-2.1%	-15.5%	-8.5%	-10.1%	-9.2%	-9.2%	-12.0%	-18.3%	-30.6%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	+20.0%	+22.2%	+23.8%	+23.6%	+22.2%	+21.6%	+23.2%	+24.3%	+27.6%	+26.0%
Operating margin	+7.2%	+6.5%	+6.1%	+5.9%	+5.6%	+4.6%	+4.3%	+2.8%	-0.2%	-3.1%
Net margin	+5.2%	+4.8%	+3.8%	+3.6%	+2.4%	+5.5%	+3.7%	+5.4%	-2.5%	-3.6%
FCF margin	+7.5%	+2.0%	+6.7%	+6.7%	+0.5%	+7.4%	+10.8%	+7.9%	+6.1%	+7.1%
Growth
Revenue CAGR (3y)	+8.7%	-2.2%	-4.4%	+0.7%	+6.4%	+3.7%	+3.1%	+10.9%	—	—
Returns
ROE	-240.3%	-309.9%	-140.9%	-133.6%	-78.2%	-330.1%	+131.1%	-293.3%	+40.1%	-24.3%
ROA	+5.9%	+5.8%	+4.1%	+3.9%	+2.7%	+6.0%	+2.6%	+3.9%	-2.1%	-2.3%
ROIC	+38.0%	+29.1%	+27.5%	+26.4%	+24.3%	+24.6%	+11.0%	+5.7%	-0.5%	-4.9%
Liquidity
Current ratio	0.91x	0.78x	0.74x	0.74x	0.82x	0.80x	0.80x	0.70x	0.80x	0.88x
Quick ratio	0.46x	0.30x	0.15x	0.34x	0.41x	0.40x	0.37x	0.42x	0.49x	0.56x
Leverage
D/E	-42.01x	-54.75x	-35.11x	-35.11x	-29.67x	-55.97x	46.55x	-73.11x	-19.35x	9.07x
Interest coverage	5.22x	4.47x	3.60x	3.47x	4.72x	3.02x	1.80x	1.01x	-0.08x	-1.00x
Efficiency
Asset turnover	1.12x	1.20x	1.08x	1.08x	1.14x	1.09x	0.70x	0.71x	0.81x	0.64x
Cash conversion cycle	-37d	-30d	—	-47d	-19d	-51d	-54d	-42d	-37d	-44d

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Dell Technologies

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