Last 43 quarters of trend data · Technology · Computer Hardware
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | — | — | 18.33 | 18.72 | 17.26 | 12.05 | 20.71 | 21.86 | 22.83 | 12.63 | 12.78 | 21.13 | 14.36 |
| — | — | -11.5% | -14.3% | -24.4% | -4.7% | +62.1% | +3.5% | +58.9% | +4.5% | -56.9% | +27.5% | +67.4% | |
| P/S Ratio | 0.68 | — | 1.05 | 0.75 | 0.71 | 0.78 | 0.97 | 0.74 | 1.02 | 0.68 | 0.58 | 0.43 | 0.40 |
| — | — | +8.3% | +1.4% | -30.5% | +14.5% | +68.2% | +72.7% | +155.7% | +127.2% | +96.4% | +33.1% | +13.9% | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | 56.53 | 11.96 | 7.45 | — | 25.92 | 28.14 | 50.87 | 18.75 | 8.88 | 3.79 | 7.77 |
| — | — | +118.1% | -57.5% | -85.4% | — | +191.8% | +641.9% | +554.4% | +391.2% | — | — | — | |
| EV / EBITDA | 11.89 | — | 15.11 | 26.71 | 11.49 | 8.08 | 11.77 | 11.06 | 15.67 | 8.48 | 7.65 | 7.38 | 7.34 |
| — | — | +28.4% | +141.5% | -26.6% | -4.7% | +53.9% | +49.8% | +113.4% | +36.3% | +51.6% | +5.5% | +15.0% | |
| EV / EBIT | 11.89 | — | 15.98 | 18.50 | 15.15 | 10.24 | 16.65 | 17.08 | 29.07 | 11.90 | 11.37 | 12.96 | 12.42 |
| — | — | -4.0% | +8.3% | -47.9% | -14.0% | +46.4% | +31.9% | +134.1% | +22.7% | -34.4% | -11.3% | +27.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Dell Technologies Inc.'s operating margin was 9.3% in Q4 2026, up 1.4 pp QoQ and up 0.2 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 7.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 14.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.0% | 19.8% | 21.2% | 18.3% | 21.1% | 23.0% | 21.8% | 21.2% | 21.8% | 23.8% | 23.1% | 23.5% | 24.0% |
| — | -14.1% | -2.9% | -13.8% | -3.2% | -3.3% | -5.9% | -9.7% | -9.1% | +3.6% | +0.2% | +14.1% | +8.3% | |
| Operating Margin | 7.2% | 9.3% | 7.8% | 6.0% | 5.0% | 9.1% | 6.8% | 5.4% | 4.3% | 6.7% | 6.7% | 5.1% | 5.1% |
| — | +2.1% | +14.6% | +11.0% | +14.9% | +35.8% | +2.5% | +5.6% | -15.1% | +40.7% | -6.3% | +5.7% | -13.9% | |
| Net Margin | 5.2% | 6.8% | 5.7% | 3.9% | 4.1% | 6.4% | 4.6% | 3.4% | 4.5% | 5.2% | 4.5% | 2.0% | 2.8% |
| — | +5.1% | +23.4% | +15.6% | -7.9% | +23.9% | +2.8% | +67.8% | +60.9% | +112.0% | +356.2% | +4.2% | -32.1% |
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 6.6% | 2.4% | 1.8% | 1.3% | 1.2% | 1.9% | 1.4% | 1.0% | 1.2% | 1.4% | 1.2% | 0.5% | 0.7% |
| — | +26.2% | +27.5% | +27.3% | -5.7% | +35.2% | +15.4% | +90.9% | +83.0% | +99.6% | +322.8% | -5.6% | -43.3% | |
| ROIC | 33.0% | 12.7% | 8.5% | 7.3% | 4.6% | 8.7% | 7.2% | 5.9% | 4.3% | 6.8% | 6.6% | 4.9% | 4.4% |
| — | +45.5% | +17.9% | +23.5% | +7.3% | +28.9% | +8.2% | +20.7% | -0.8% | +43.4% | -0.8% | -0.7% | -34.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Dell Technologies Inc.'s Debt/EBITDA ratio is 10.2x, down from 13.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 16.9% YoY to 0.91x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 3.87 | 10.19 | 13.95 | 28.48 | 15.12 | 8.38 | 10.28 | 11.53 | 14.44 | 11.15 | 11.89 | 14.02 | 15.61 |
| — | +21.6% | +35.6% | +146.9% | +4.8% | -24.9% | -13.5% | -17.8% | -7.5% | -23.0% | +9.6% | +1.5% | +26.5% | |
| Current Ratio | 0.91 | 0.91 | 0.85 | 0.83 | 0.85 | 0.78 | 0.77 | 0.72 | 0.73 | 0.74 | 0.76 | 0.77 | 0.80 |
| — | +16.9% | +11.0% | +15.0% | +17.4% | +4.6% | +1.5% | -5.8% | -9.2% | -9.2% | +1.5% | -0.8% | +2.4% | |
| Quick Ratio | 0.75 | 0.75 | 0.72 | 0.70 | 0.70 | 0.63 | 0.63 | 0.61 | 0.63 | 0.67 | 0.69 | 0.70 | 0.71 |
| — | +17.5% | +12.9% | +15.0% | +12.6% | -5.2% | -7.8% | -12.7% | -12.3% | -8.0% | +9.6% | +4.7% | +7.8% | |
| Interest Coverage | — | — | 11.90 | 5.87 | 3.23 | 6.28 | 5.09 | 3.47 | 2.69 | 3.99 | 3.99 | 2.75 | 2.64 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 43 years · Updated daily
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Dell Technologies Inc.'s current operating margin is 7.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Dell Technologies Inc.'s business trajectory between earnings reports.