DE vs DELL
Deere & Co. and Dell Technologies Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DE | DELL |
|---|---|---|
| Revenue | $45.7B | $113.5B |
| Net income | $5.0B | $5.9B |
| Gross margin | · | 20.0% |
| Net margin | 10.9% | 5.2% |
| Return on equity | 20.6% | · |
| Diluted EPS | $18.50 | $8.68 |
| Dividend / share | $6.48 | $2.10 |
| Payout ratio | 34.2% | 24.6% |
| Free cash flow | $6.1B | $8.6B |
| Equity | $25.9B | $-2.5B |
| Net debt / equity | 0.47× | · |
| Current ratio | · | 0.91× |
| Revenue CAGR 5y | 5.2% | 5.5% |
| Profit CAGR 5y | 12.8% | 12.8% |
DELL bills 2.5× the revenue of DE, and DE keeps more of each dollar of revenue as profit (10.9% 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 | DE | DELL |
|---|---|---|
| FY2025 | $45.7B | $113.5B |
| FY2024 | $51.7B | $95.6B |
| FY2023 | $61.3B | $88.4B |
| FY2022 | $52.6B | $102.3B |
| FY2021 | $44.0B | $101.2B |
| FY2020 | $35.5B | $86.7B |
| FY2019 | $39.3B | $84.8B |
| FY2018 | $37.4B | $90.6B |
| FY2017 | $29.7B | $79.0B |
| FY2016 | $26.6B | $61.6B |
Bottom line
| Fiscal year | DE | DELL |
|---|---|---|
| FY2025 | $5.0B | $5.9B |
| FY2024 | $7.1B | $4.6B |
| FY2023 | $10.2B | $3.4B |
| FY2022 | $7.1B | $2.4B |
| FY2021 | $6.0B | $5.6B |
| FY2020 | $2.8B | $3.2B |
| FY2019 | $3.3B | $4.6B |
| FY2018 | $2.4B | $-2.3B |
| FY2017 | $2.2B | $-2.8B |
| FY2016 | $1.5B | $-1.7B |
12 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$67,854,000,000 | DELL |
| FY2024 | −$43,851,000,000 | DELL |
| FY2023 | −$27,174,000,000 | DELL |
| FY2022 | −$49,724,000,000 | DELL |
| FY2021 | −$57,173,000,000 | DELL |
| FY2020 | −$51,130,000,000 | DELL |
| FY2019 | −$45,557,000,000 | DELL |
| FY2018 | −$53,263,000,000 | DELL |
| FY2017 | −$49,302,000,000 | DELL |
| FY2016 | −$34,998,000,000 | DELL |
| FY2015 | −$22,048,200,000 | DELL |
| FY2014 | −$18,075,100,000 | 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 19 comparable fiscal years — a year missing data on either side is not counted.
12 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.7 pp | DE |
| FY2024 | +8.9 pp | DE |
| FY2023 | +12.8 pp | DE |
| FY2022 | +11.2 pp | DE |
| FY2021 | +7.9 pp | DE |
| FY2020 | +3.7 pp | DE |
| FY2019 | +1.8 pp | DE |
| FY2018 | +8.8 pp | DE |
| FY2017 | +11.0 pp | DE |
| FY2016 | +8.5 pp | DE |
| FY2015 | +8.9 pp | DE |
| FY2014 | +11.0 pp | DE |
DE has kept the higher net margin in every one of these 12 fiscal years.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DELL's net margin has been more volatile than DE's over the 12 comparable fiscal years — 3.7 percentage points of standard deviation against 3.4.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
DE led in net margin in every one of the 12 comparable fiscal years — a structural lead, not a recent swing.
12 of 19 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 DE's over the 4 comparable fiscal years — 11.6 percentage points of standard deviation against 3.7.
4 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
DE led in return on equity in every one of the 4 comparable fiscal years — a structural lead, not a recent swing.
4 of 19 comparable fiscal years — a year missing data on either side is not counted.