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%
Market cap
$301.0B
P/E
26.0×
Fwd P/E
22.9×
Dividend yield
0.65%
F-score
7/9
Altman Z
1.81
Beneish M
−2.18
Dividend safety
78/100

Dell Technologies Inc. (DELL) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, Dell Technologies Inc. (DELL) trades at a price to free cash flow of 34.0×. Over the past ten years it has ranged from 1.6× (March 2020) to 59.4× (April 2023); the current reading is higher than 94% of that period. That is above the Computer Hardware industry median of 25.5× and above the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2026 9.4× (75.93%)
FY2025 39.1× 287.69%
FY2024 10.1× (81.00%)
FY2023 53.1× 820.49%
FY2022 5.8× 92.73%
FY2021 3.0× 12.20%
FY2020 2.7× (23.88%)
FY2019 3.5× 15.42%
FY2018 3.0× (62.91%)
FY2017 8.2× 365.15%

Quarterly newest first

Period Price to free cash flow Change
Jul 2026 30.5× 112.67%
Apr 2026 14.4× 52.71%
Jan 2026 9.4× (61.51%)
Oct 2025 24.4× 32.00%
42 more quarters

Against its own ten years

Low 1.6× High 59.4×
Ten-year median 6.8×
Current reading's percentile 94

Price to free cash flow against peers

Company Price to free cash flow
SMCI Super Micro Computer, Inc. compare n/m
HPQ HP Inc. compare 7.1×
LOGI Logitech International S.A. compare 14.7×
SNDK Sandisk Corporation compare 16.6×
WDC Western Digital Corporation compare 32.7×
DELL Dell Technologies Inc. 34.0×
ANET Arista Networks, Inc. compare 43.3×
STX Seagate Technology Holdings PLC compare 45.1×
P Everpure, Inc. compare 350×
Computer Hardware industry median 25.5×
Technology sector median 20.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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