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 $287.09B, Hewlett Packard Enterprise $73.18B.
- Free-cash-flow yield: Dell Technologies 3.0%, Hewlett Packard Enterprise 0.9%.
- One-year price return: Dell Technologies +198.4%, Hewlett Packard Enterprise +145.0%.
- Consensus revenue growth for next year: Dell Technologies +71.4%, Hewlett Packard Enterprise +35.8%.
Price return
2025-10-16 → 2026-10-16
DELL+198.4%
HPE+145.0%
Profile
latestSector
Technology
Technology
Industry
Computer Hardware
Computer Hardware
Market value
$287.09B
$73.18B
Enterprise value
$309.99B
$87.21B
Employees
97,000
67,000
Revenue per employee (TTM)
$1.6M
$625K
Our models
nightlythe valuation on each stock's pagePrice vs model
42% overvalued vs model
4% undervalued vs model
Model range
$213–614
$30.65–84.64
Models in the headline
1
1
FCF growth priced in, at a 10% return
20.4%
48.5%
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 2026-10-16Last close
$451.54
$55.13
52-week high
$588.40
$73.46
52-week low
$111.07
$20.00
Price vs 52-week high
−23.3%
−25.0%
Price vs 52-week low
+306.5%
+175.7%
Average daily volume / shares
1.1%
1.6%
Beta
1.44
1.40
Returns
to 2026-10-161 month
−19.8%
−2.7%
3 months
+15.4%
+22.2%
6 months
+133.8%
+112.9%
Year to date
+258.7%
+129.5%
1 year
+198.4%
+145.0%
1 year, dividends added
+199.9%
+147.6%
2 years
+256.3%
+163.9%
Valuation
price × TTM to Jul 2026P/E (TTM)
26.3×
28.4×
P/E on consensus EPS (next FY)
17.4×
14.4×
Price / sales
1.9×
1.7×
EV / sales
2.1×
2.1×
EV / EBITDA
—
—
Price / book
—
2.8×
Price / free cash flow (FY)
33.6×
116.7×
Free-cash-flow yield (FY)
3.0%
0.9%
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%
6.4%
Revenue, 5-year CAGR
5.5%
4.9%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
+198.3%
—
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%
6.2%
EBITDA margin
—
—
Net margin
7.5%
6.7%
Free-cash-flow margin (FY)
7.5%
1.8%
Return on equity
—
10.5%
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)
—
—
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
$2.31
$0.57
Payout ratio (of TTM EPS)
13.4%
29.4%
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)
$16.0M
$36.4M
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
$41.87B
EBITDA
—
—
Operating income
$14.55B
$2.60B
Net income
$11.38B
$2.79B
EPS (diluted)
$17.19
$1.94
Operating cash flow
$11.19B
$2.92B
Capital expenditure
−$2.63B
−$2.29B
Free cash flow
$8.55B
$627.0M
Dividends paid
$1.46B
$684.0M
Statements from the companies' SEC filings; 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.