Dell Technologies

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

                    Revenue
                    FY2026
                
$113.5B
                    3y CAGR +3.5%
                    
                    P27
                    
                    +18.8%
                    
                    Net income
                    FY2026
                
$5.9B
                    Net margin +5.2%
                    
                    P20
                    
                    +29.3%
                    
                    Total assets
                    FY2026
                
$101.3B
                    ROA +5.9%
                    
                    P27
                    
                    +27.0%
                    
                    Operating cash flow
                    FY2026
                
$11.2B
                    FCF margin +7.5%
                    
                    P20
                    
                    +147.4%

12 yrs · FY2015–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 revenue.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $101.3B

Total liabilities $103.8B

Shareholders equity $-2.5B

Account	2026	2025	2024
Assets
Cash and Cash Equivalents	10.2%	3.8%	8.3%
Accounts Receivable	15.5%	10.8%	10.6%
Inventory	9.2%	7.0%	4.1%
Other Current Assets	15.9%	16.3%	17.7%
Total Current Assets	50.7%	37.9%	40.7%
Property,Plant and Equipment	5.9%	6.6%	7.3%
Goodwill	17.2%	20.0%	22.3%
Intangible Assets	4.0%	5.2%	6.4%
Long Term Investments	1.5%	1.6%	1.5%
Other Noncurrent Assets	9.9%	12.1%	14.7%
Total Assets	89.2%	83.4%	92.9%
Liabilities
Accounts Payable	29.6%	21.8%	21.7%
Accrued Liabilities	7.3%	6.9%	7.7%
Deferred Revenue	11.7%	14.3%	17.3%
Current Portion of Long Term Debt	7.0%	5.4%	7.9%
Other Current Liabilities	0.0%	0.2%	0.0%
Total Current Liabilities	55.7%	48.7%	54.7%
Long Term Debt	20.7%	20.3%	21.5%
Deferred Revenue Noncurrent	12.0%	12.9%	15.6%
Other Noncurrent Liabilities	3.0%	3.1%	3.5%
Total Liabilities	91.4%	84.9%	95.3%
Equity
Common Stock	8.3%	9.5%	10.1%
Retained Earnings	2.9%	-1.2%	-5.0%
Treasury Stock	12.8%	8.9%	6.7%
Accumulated Other Comprehensive Income	-0.6%	-1.0%	-0.9%
Total Stockholders Equity	-2.2%	-1.6%	-2.5%
Noncontrolling Interest	0.0%	0.1%	0.1%
Total Liabilitiesand Equity	89.2%	83.4%	92.9%

Income Statement

Revenue, expense, and profitability

15 accounts · 3 years

Revenue $113.5B

Operating income $8.1B

Net income $5.9B

Account	2026	2025	2024
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%
Expenses Cost of Revenue	80.0%	77.8%	76.2%
Other Income Expense Gross Profit	20.0%	22.2%	23.8%
Expenses Research and Development	2.8%	3.2%	3.2%
Expenses Selling,General and Administrative	10.1%	12.5%	14.5%
Expenses Operating Expenses	12.8%	15.7%	17.7%
Other Income Expense Operating Income	7.2%	6.5%	6.1%
Other Income Expense Other Income/expense	-0.8%	-1.2%	-1.5%
Other Income Expense Income Before Tax	6.4%	5.3%	4.6%
Income Tax Income Tax Expense	1.2%	0.5%	0.8%
net Income Other Items Below Tax	0.0%	0.0%	0.0%
net Income net Income	5.2%	4.8%	3.8%
net Income Comprehensive Income	5.4%	4.7%	4.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 3 years

Operating cash flow $11.2B

Investing cash flow $-2.1B

Financing cash flow $-1.5B

Account	2026	2025	2024
CashFlow
Operating Activities net Income	5.2%	4.8%	3.8%
Operating Activities Depreciation and Amortization	2.7%	3.3%	3.7%
Operating Activities Stock Based Compensation	0.6%	0.8%	1.0%
Operating Activities Deferred Income Taxes	-0.1%	-0.2%	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	0.7%	-4.4%	0.7%
Operating Activities Other Non Cash Items	0.6%	0.5%	0.7%
Operating Activities net Cash From Operating Activities	9.9%	4.7%	9.8%
Investing Activities Capital Expenditures	-2.3%	-2.8%	-3.1%
Investing Activities Business Acquisitions	0.4%	0.0%	-0.1%
Investing Activities Purchases of Investments	-0.2%	-0.1%	-0.2%
Investing Activities Proceeds From Sale of Investments	0.2%	0.4%	0.3%
Investing Activities Other Investing Activities	0.1%	0.2%	0.1%
Investing Activities net Cash From Investing Activities	-1.8%	-2.3%	-3.1%
Financing Activities Proceeds From Debt	13.2%	9.7%	8.8%
Financing Activities Repayment of Debt	-7.5%	-11.1%	-12.7%
Financing Activities Repurchase of Common Stock	-5.3%	-2.7%	-2.4%
Financing Activities Dividends Paid	-1.3%	-1.3%	-1.2%
Financing Activities Proceeds From Stock Issuance	0.0%	0.0%	0.0%
Financing Activities Tax Withholding On Stock Based Compensation	-0.3%	-0.6%	-0.4%
Financing Activities Other Financing Activities	-0.1%	-0.1%	-0.1%
Financing Activities net Cash From Financing Activities	-1.3%	-6.1%	-8.0%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	-0.2%	-0.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2026	2025	2024
Profitability
Gross margin	+20.0%	+22.2%	+23.8%
Operating margin	+7.2%	+6.5%	+6.1%
Net margin	+5.2%	+4.8%	+3.8%
FCF margin	+7.5%	+2.0%	+6.7%
Growth
Revenue CAGR (3y)	+3.5%	-1.9%	+0.7%
Returns
ROE	-240.3%	-309.9%	-152.1%
ROA	+5.9%	+5.8%	+4.1%
ROIC	+38.0%	+29.1%	+27.2%
Liquidity
Current ratio	0.91x	0.78x	0.74x
Quick ratio	0.46x	0.30x	0.35x
Leverage
D/E	-42.01x	-54.75x	-37.83x
Interest coverage	—	—	—
Efficiency
Asset turnover	1.12x	1.20x	1.08x
Cash conversion cycle	-37d	-30d	-46d

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Dell Technologies

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