Dell Technologies vs Hewlett Packard Enterprise DELL vs HPE
Dell Technologies and Hewlett Packard Enterprise on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
What differs most
- Market value: Dell Technologies $297.08B, Hewlett Packard Enterprise $77.87B.
- Free-cash-flow yield: Dell Technologies 2.9%, Hewlett Packard Enterprise 0.8%.
- One-year price return: Dell Technologies +194.5%, Hewlett Packard Enterprise +149.9%.
- Consensus revenue growth for next year: Dell Technologies +71.4%, Hewlett Packard Enterprise +35.8%.
Price return
2025-10-26 → 2026-10-26
DELL+194.5%
HPE+149.9%
Profile
latestSector
Technology
Technology
Industry
Computer Hardware
Computer Hardware
Market value
$297.08B
$77.87B
Enterprise value
$319.97B
$91.90B
Employees
97,000
67,000
Revenue per employee (TTM)
$1.6M
$625K
Our models
nightlythe valuation on each stock's pagePrice vs model
30% overvalued vs model
10% undervalued vs model
Model range
$249–674
$37.11–92.97
Models in the headline
1
1
FCF growth priced in, at a 10% return
21.0%
50.0%
Every model, its assumptions and its range: DELL valuation · HPE valuation. The growth priced in, at any return: DELL reverse DCF · HPE reverse DCF.
Trading
close 2026-10-26Last close
$467.24
$58.72
52-week high
$588.40
$73.46
52-week low
$111.07
$20.00
Price vs 52-week high
−20.6%
−20.1%
Price vs 52-week low
+320.7%
+193.6%
Average daily volume / shares
1.1%
1.6%
Beta
1.44
1.40
Returns
to 2026-10-261 month
−17.0%
−6.7%
3 months
+6.8%
+23.1%
6 months
+116.2%
+108.5%
Year to date
+271.2%
+144.5%
1 year
+194.5%
+149.9%
1 year, dividends added
+196.1%
+152.3%
2 years
+281.3%
+201.7%
Valuation
price × TTM to Jul 2026P/E (TTM)
27.2×
29.7×
P/E on consensus EPS (next FY)
18.0×
15.4×
Price / sales
2.0×
1.9×
EV / sales
2.1×
2.2×
EV / EBITDA
17.4×
14.7×
Price / book
—
2.9×
Price / free cash flow (FY)
34.7×
124.2×
Free-cash-flow yield (FY)
2.9%
0.8%
Growth
DELL TTM and FY2026 · HPE TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+71.4%
+35.8%
Revenue, 3-year CAGR
3.5%
6.9%
Revenue, 5-year CAGR
5.5%
4.9%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+198.5%
—
EPS, 3-year CAGR
38.9%
—
Free cash flow, 3-year CAGR
147.8%
−24.7%
Diluted shares, 3-year change
−9.2%
+0.2%
Profitability
TTM to Jul 2026Gross margin (FY)†
20.0%
28.8%
Operating margin
9.6%
8.3%
EBITDA margin
12.2%
14.9%
Net margin
7.5%
6.6%
Free-cash-flow margin (FY)
7.5%
1.8%
Return on equity
—
10.4%
Return on assets
8.9%
3.3%
Asset turnover
1.19
0.50
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
MRQ Jul 2026Cash
$11.57B
$6.22B
Total debt
$34.47B
$20.24B
Net debt
$22.90B
$14.03B
Debt / equity
—
0.8×
Net debt / EBITDA (TTM)
1.2×
2.2×
Interest coverage (FY)
5.4×
9.4×
Current ratio (FY)
0.91
1.01
Dividends
trailing 12 monthsDividend yield
0.5%
1.0%
Dividends per share
$2.42
$0.57
Payout ratio (of TTM EPS)
14.0%
28.9%
Dividend per share, 5-year CAGR
—
3.5%
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
4
4
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$11.1M
$37.3M
Analyst upgrades
0
2
Analyst downgrades
2
2
Statements
DELL income TTM to Jul 2026 · cash flow FY2026 · HPE income TTM to Jul 2026 · cash flow FY2025Revenue
$151.20B
$41.89B
EBITDA
$18.39B
$6.25B
Operating income
$14.57B
$3.46B
Net income
$11.38B
$2.75B
EPS (diluted)
$17.19
$1.98
Operating cash flow
$11.19B
$2.92B
Capital expenditure
−$2.63B
−$2.29B
Free cash flow
$8.55B
$627.0M
Dividends paid
$1.46B
$796.0M
Statements, prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.