# Dell Technologies Inc. (DELL) — Stock CV

Dell Technologies Inc. is a $372B technology company. Revenue grew 49.0% over the last year, it keeps 8¢ of every dollar of sales as profit, and its net debt equals ~2.3 years of free cash flow. It trades at 32.7× earnings — near the highest of its own history.

> Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It focuses on premium and commercial personal computers, as well as enterprise on-premises data center hardware.

## Identity

- **Ticker**: DELL
- **Sector**: Technology
- **Industry**: Electronic Computers
- **Headquarters**: ROUND ROCK, TX
- **Employees**: 97 000
- **Website**: https://www.dell.com
- **Market cap**: $372B
- **Last price**: $585.50
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $151B
- **Net income**: $11.4B
- **Free cash flow**: $8.56B
- **Net debt**: $20.0B
- **P/E**: 32.7
- **Revenue growth (YoY)**: 49.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 37 |
| Growth | 57 |
| Profitability | 75 |
| Health | 36 |
| Quality | 82 |
| Moat | 49 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +49.0% YoY
- [x] Profitable — $11.4B TTM
- [x] Profit growing — +38.8% YoY
- [x] Generates cash — $8.56B TTM
- [x] Debt under control — ~2.3y of cash flow to repay
- [x] Established company — $372B market cap
- [x] Not printing shares — -10.7% shares over ~5y
- [x] Proven track record — 7/10 profitable years
- [ ] Financially stable — health score 24/100
- [x] Pays a dividend — yield 0.42%
- [x] Valuation not extreme — P/E 32.7

## Experience (career milestones)

- **FY2026** — Best year on record: $5.94B net income
- **FY2022** — Revenue crossed $100B: $101B for the year
- **FY2020** — Turned profitable: $4.62B net income after a loss year
- **FY2017** — Revenue already above $50B: $61.6B in first reported year
- **FY2017** — Positive free cash flow every year since: 10-year streak
- **2015** — Dell acquired the enterprise technology firm EMC Corporation, together becoming divisions of Dell Technologies
- **2009** — Dell was a pure hardware vendor until 2009 when it acquired Perot Systems
- **2006** — Under Rollins, Dell purchased the computer hardware manufacturer Alienware in 2006
- **2002** — When Compaq merged with Hewlett-Packard (the fourth-place PC maker), the newly combined Hewlett-Packard…
- **2001** — The company rose rapidly during the 1990s and in 2001 became the largest global PC vendor for the first time
- **1993** — After discontinuing its unsuccessful existing products in 1993
- **1989** — The company launched its first laptop product, the Dell 316LT
- **Jun 22, 1988** — The company went public on NASDAQ under the ticker symbol DELL
- **1987** — The company was renamed Dell Computer Corporation and began expanding globally
- **1985** — PC's Limited launched its first computer — the Turbo PC — priced at US$795 ( )

## Strengths

- Revenue growing 49.0% year over year
- Interest covered 7.3× by operating earnings
- High returns on invested capital (ROIC 33.9%)
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $101B | $5.56B | $7.51B |
| FY2023 | $102B | $2.44B | $562M |
| FY2024 | $88.4B | $3.21B | $5.92B |
| FY2025 | $95.6B | $4.59B | $1.87B |
| FY2026 | $114B | $5.94B | $8.55B |

---

Source: https://stockcv.com/DELL — derived from company filings; may be delayed or incomplete. Information, not investment advice.