Saturday 17 October 2026
Export DELL’s income statement to Excel — free account
Dell Technologies Inc.
DELL Technology Computer Hardware
Dell Technologies Inc.’s revenue for fiscal 2026 (year ended January 2026) was $113.5 billion, up 18.8% from fiscal 2025. In the quarter to July 2026, revenue grew 57.8%, EPS grew 277.1%, free cash flow fell 47.2% and total debt rose 20.7%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years.
451.71
21.68
−4.58%
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| Jan '17 | Jan '18 | Jan '19 | Jan '20 | Jan '21 | Jan '22 | Jan '23 | Jan '24 | Jan '25 | Jan '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 5 | 5 | 6 | 5 | 6 | 7 | 7 | 6 | 7 |
P/E ratio |
0.00 | 0.00 | 0.00 | 3.64 | 8.62 | 7.80 | 12.27 | 18.75 | 16.58 | 13.67 |
Altman Z-Score |
0.39 | 0.53 | 0.55 | 0.52 | 0.68 | 1.26 | 1.32 | 1.46 | 1.82 | 1.81 |
P/S ratio |
0.20 | 0.20 | 0.21 | 0.21 | 0.32 | 0.43 | 0.29 | 0.67 | 0.76 | 0.71 |
P/FCF ratio |
8.18 | 3.03 | 3.50 | 2.67 | 2.99 | 5.76 | 53.05 | 10.08 | 39.08 | 9.41 |
Altman Z″-Score (non-manufacturers) |
(0.50) | (0.43) | (1.16) | (1.16) | (0.66) | (0.76) | (0.53) | (0.75) | (0.39) | 0.26 |
P/Operating CF |
15.22 | 5.00 | 8.13 | 5.10 | 4.74 | 14.00 | 10.99 | 38.93 | 124.85 | 17.21 |
Beneish M-Score |
(2.08) | (2.81) | (2.87) | (2.64) | (2.84) | (2.71) | (2.51) | (3.00) | (2.33) | (2.18) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 78 |
P/B ratio |
0.64 | 0.89 | 0.00 | 5.67 | 3.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
0.70 | 0.55 | 0.65 | 0.62 | 0.59 | 0.54 | 0.43 | 0.81 | 0.93 | 0.81 |
EV/EBITDA |
15.54 | 6.97 | 7.78 | 6.22 | 5.65 | 5.97 | 4.95 | 8.18 | 9.48 | 8.27 |
EV/Operating CF |
18.49 | 6.34 | 8.41 | 5.70 | 4.49 | 5.33 | 12.40 | 8.22 | 19.63 | 8.26 |
EV/FCF |
29.47 | 8.49 | 10.70 | 7.88 | 5.50 | 7.32 | 78.69 | 12.05 | 47.49 | 10.81 |
Quick Ratio |
0.63 | 0.69 | 0.59 | 0.51 | 0.47 | 0.49 | 0.51 | 0.44 | 0.41 | 0.59 |
Current Ratio |
0.81 | 0.88 | 0.80 | 0.70 | 0.80 | 0.80 | 0.82 | 0.74 | 0.78 | 0.91 |
Net Debt/EBITDA |
11.23 | 4.48 | 5.23 | 4.12 | 2.57 | 1.27 | 1.61 | 1.34 | 1.68 | 1.07 |
Debt/Assets |
36.43% | 35.43% | 44.00% | 37.29% | 26.63% | 22.79% | 25.68% | 23.15% | 24.28% | 23.21% |
Debt/Equity |
2.27 | 2.52 | (52.23) | 14.05 | 4.35 | (13.37) | (7.61) | (8.92) | (13.96) | (9.52) |
Asset Turnover |
0.76 | 0.65 | 0.77 | 0.74 | 0.72 | 0.94 | 1.12 | 1.03 | 1.18 | 1.25 |
Operating CF/Net income |
(2.03) | (2.40) | (3.03) | 2.01 | 3.51 | 1.85 | 1.46 | 2.56 | 0.98 | 1.88 |
Capex/Depreciation |
(0.17) | (0.20) | (0.19) | (0.42) | (0.39) | (0.61) | (0.95) | (0.83) | (0.85) | (0.87) |
Interest Coverage |
(1.14) | (1.03) | (0.09) | 0.98 | 2.75 | (3.69) | 2.27 | 4.09 | 5.25 | 9.20 |
| (11.40%) | (15.61%) | (27.93%) | 417.17% | 60.70% | 186.27% | (106.06%) | (131.39%) | (260.98%) | (307.80%) | |
| (1.43%) | (2.35%) | (1.96%) | 4.00% | 2.68% | 5.15% | 2.68% | 3.95% | 5.67% | 6.56% | |
ROIC |
(2.95%) | (3.33%) | (0.31%) | 3.87% | 7.45% | 28.90% | 31.69% | 35.55% | 27.18% | 53.53% |
Return on Tangible Assets |
68.29% | 2,354.55% | 64.62% | (48.42%) | (56.70%) | (96.40%) | (78.93%) | (57.06%) | (115.90%) | 588.31% |
Average Days of Receivables |
74.23 | 72.22 | 67.54 | 74.79 | 66.87 | 64.93 | 63.38 | 57.73 | 59.59 | 83.72 |
Research and Development Expense of Revenue |
4.24% | 5.55% | 5.08% | 2.89% | 2.83% | 2.55% | 2.72% | 3.17% | 3.20% | 2.77% |
Selling, General and Administrative Expense of Revenue |
21.56% | 23.49% | 22.78% | 18.65% | 16.15% | 14.48% | 13.82% | 14.54% | 12.51% | 10.05% |
Intangible Assets out of Total Assets |
0.63 | 0.55 | 0.56 | 0.50 | 0.24 | 0.29 | 0.29 | 0.31 | 0.30 | 0.24 |
Share Based Compensation of Revenue |
0.64% | 1.06% | 1.01% | 1.49% | 1.86% | 1.60% | 0.91% | 0.99% | 0.82% | 0.64% |
Graham Net Nets |
(5.63) | (4.28) | (3.98) | (4.40) | (2.59) | (1.14) | (1.69) | (0.81) | (0.61) | (0.57) |
Graham Number |
0.00 | 0.00 | 8.71 | 25.80 | 31.52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(20.43%) | (20.55%) | (11.34%) | 27.47% | 11.61% | 12.81% | 8.15% | 5.33% | 6.03% | 7.32% |
Free Cash Flow Yield |
12.23% | 32.96% | 28.56% | 37.52% | 33.44% | 17.35% | 1.88% | 9.92% | 2.56% | 10.63% |
Revenue per Share |
90.49 | 102.65 | 116.03 | 117.15 | 116.49 | 132.80 | 139.37 | 122.81 | 135.56 | 168.20 |
Operating CF per Share |
3.45 | 8.89 | 8.95 | 12.83 | 15.33 | 13.53 | 4.86 | 12.05 | 6.41 | 16.57 |
Capex per Share |
(1.28) | (2.25) | (1.92) | (3.56) | (2.80) | (3.67) | (4.09) | (3.83) | (3.76) | (3.90) |
Free Cash Flow per Share |
2.16 | 6.63 | 7.03 | 9.27 | 12.53 | 9.86 | 0.77 | 8.22 | 2.65 | 12.67 |
Cash per Share |
16.67 | 20.95 | 12.39 | 12.85 | 12.78 | 12.44 | 11.73 | 10.23 | 5.15 | 17.08 |
Shareholders Equity per Share |
27.67 | 22.71 | (1.21) | 4.36 | 10.15 | (2.07) | (4.12) | (2.96) | (1.97) | (3.66) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
27.67 | 22.71 | (1.21) | 4.36 | 10.15 | (2.07) | (4.12) | (2.96) | (1.97) | (3.66) |
Free Cash Flow |
1,485.00 | 5,107.00 | 5,494.00 | 6,715.00 | 9,325.00 | 7,511.00 | 562.00 | 5,920.00 | 1,869.00 | 8,552.00 |
Working Capital |
(7,362.00) | (5,511.00) | (8,834.00) | (15,588.00) | (10,565.00) | (11,186.00) | (9,303.00) | (12,370.00) | (10,298.00) | (5,667.00) |
Capital Expenditures |
(882.00) | (1,736.00) | (1,497.00) | (2,576.00) | (2,082.00) | (2,796.00) | (3,003.00) | (2,756.00) | (2,652.00) | (2,633.00) |
Net Current Asset Value |
(68,424.00) | (66,380.00) | (76,624.00) | (78,838.00) | (72,295.00) | (49,282.00) | (50,285.00) | (48,274.00) | (44,904.00) | (46,154.00) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 22.36 | 13.91 | 11.79 | 7.66 | 13.18 | 14.23 | 11.34 |
Capex to Sales |
0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 7.56 | 7.57 | 9.29 | 5.17 | 11.03 | 11.71 | 9.87 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.92 | 1.60 | 1.47 | 1.01 | 1.12 | 0.84 | 0.51 | 0.51 | 0.49 | 0.45 |
Cash ROIC |
2.02% | 6.58% | 9.48% | 11.83% | 18.68% | 25.88% | 1.97% | 24.42% | 8.65% | 26.26% |
Accounts Receivable Turnover |
6.08 | 5.59 | 5.59 | 4.97 | 5.21 | 5.97 | 5.72 | 5.57 | 6.46 | 5.45 |
Accounts Payable Turnover |
3.55 | 3.57 | 3.49 | 3.27 | 3.20 | 3.26 | 3.48 | 3.56 | 3.71 | 3.34 |
Inventory Turnover |
23.34 | 22.43 | 20.73 | 18.52 | 19.91 | 17.05 | 14.92 | 16.04 | 14.38 | 10.59 |
Average Days of Payables |
108.50 | 114.39 | 106.95 | 114.12 | 118.35 | 124.92 | 85.26 | 104.19 | 102.31 | 135.14 |
Days of Inventory on Hand |
19.09 | 16.71 | 20.31 | 18.66 | 18.67 | 27.15 | 21.90 | 19.63 | 32.98 | 41.94 |
Average Receivables |
10,222.00 | 14,141.00 | 16,204.50 | 17,074.00 | 16,629.00 | 16,940.00 | 17,882.00 | 15,874.50 | 14,794.00 | 20,822.50 |
Average Payables |
13,651.50 | 16,378.00 | 18,773.50 | 19,639.00 | 20,818.50 | 24,357.50 | 22,870.50 | 18,912.00 | 20,029.00 | 27,231.00 |
Average Inventory |
2,078.50 | 2,608.00 | 3,163.50 | 3,465.00 | 3,342.00 | 4,650.50 | 5,337.00 | 4,199.00 | 5,169.00 | 8,576.50 |
Average Assets |
81,664.00 | 121,199.50 | 118,006.50 | 115,340.50 | 121,138.00 | 108,075.00 | 91,173.00 | 85,868.50 | 80,936.00 | 90,516.00 |
Average Common Equity |
10,237.50 | 18,247.00 | 8,271.50 | 1,106.50 | 5,354.00 | 2,986.50 | (2,302.50) | (2,578.50) | (1,759.50) | (1,928.50) |
Columns are period end dates