CSCO vs DELL
Cisco Systems, Inc. and Dell Technologies Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CSCO | DELL |
|---|---|---|
| Revenue | $56.7B | $113.5B |
| Net income | $10.2B | $5.9B |
| Gross margin | 64.9% | 20.0% |
| Net margin | 18.0% | 5.2% |
| Return on equity | 22.1% | · |
| Diluted EPS | $2.55 | $8.68 |
| Dividend / share | $1.62 | $2.10 |
| Payout ratio | 63.2% | 24.6% |
| Free cash flow | $13.3B | $8.6B |
| Equity | $46.8B | $-2.5B |
| Net debt / equity | 0.35× | · |
| Current ratio | 1.00× | 0.91× |
| Revenue CAGR 5y | 2.8% | 5.5% |
| Profit CAGR 5y | −1.9% | 12.8% |
DELL bills 2.0× the revenue of CSCO, and CSCO keeps more of each dollar of revenue as profit (18.0% against 5.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CSCO | DELL |
|---|---|---|
| FY2025 | $56.7B | $113.5B |
| FY2024 | $53.8B | $95.6B |
| FY2023 | $57.0B | $88.4B |
| FY2022 | $51.6B | $102.3B |
| FY2021 | $49.8B | $101.2B |
| FY2020 | $49.3B | $86.7B |
| FY2019 | $51.9B | $84.8B |
| FY2018 | $49.3B | $90.6B |
| FY2017 | $48.0B | $79.0B |
| FY2016 | $49.2B | $61.6B |
Bottom line
| Fiscal year | CSCO | DELL |
|---|---|---|
| FY2025 | $10.2B | $5.9B |
| FY2024 | $10.3B | $4.6B |
| FY2023 | $12.6B | $3.4B |
| FY2022 | $11.8B | $2.4B |
| FY2021 | $10.6B | $5.6B |
| FY2020 | $11.2B | $3.2B |
| FY2019 | $11.6B | $4.6B |
| FY2018 | $110.0M | $-2.3B |
| FY2017 | $9.6B | $-2.8B |
| FY2016 | $10.7B | $-1.7B |
12 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$56,884,000,000 | DELL |
| FY2024 | −$41,764,000,000 | DELL |
| FY2023 | −$31,427,000,000 | DELL |
| FY2022 | −$50,744,000,000 | DELL |
| FY2021 | −$51,379,000,000 | DELL |
| FY2020 | −$37,369,000,000 | DELL |
| FY2019 | −$32,911,000,000 | DELL |
| FY2018 | −$41,291,000,000 | DELL |
| FY2017 | −$31,035,000,000 | DELL |
| FY2016 | −$12,395,000,000 | DELL |
| FY2015 | −$1,750,000,000 | DELL |
| FY2014 | −$7,000,000,000 | DELL |
DELL has reported the higher revenue in every one of these 12 fiscal years. The gap has widened since the earliest year compared.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
12 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +12.7 pp | CSCO |
| FY2024 | +14.4 pp | CSCO |
| FY2023 | +18.3 pp | CSCO |
| FY2022 | +20.5 pp | CSCO |
| FY2021 | +15.6 pp | CSCO |
| FY2020 | +18.7 pp | CSCO |
| FY2019 | +15.9 pp | CSCO |
| FY2018 | +2.6 pp | CSCO |
| FY2017 | +23.7 pp | CSCO |
| FY2016 | +24.6 pp | CSCO |
| FY2015 | +20.4 pp | CSCO |
| FY2014 | +18.9 pp | CSCO |
CSCO has kept the higher net margin in every one of these 12 fiscal years.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CSCO's net margin has been more volatile than DELL's over the 12 comparable fiscal years — 5.9 percentage points of standard deviation against 3.7.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CSCO led in net margin in every one of the 12 comparable fiscal years — a structural lead, not a recent swing.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DELL's return on equity has been more volatile than CSCO's over the 4 comparable fiscal years — 11.6 percentage points of standard deviation against 1.4.
4 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CSCO led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 18 comparable fiscal years — a year missing data on either side is not counted.