DELL vs SMCI
Dell Technologies Inc. and Super Micro Computer, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | DELL | SMCI |
|---|---|---|
| Revenue | $113.5B | $39.1B |
| Net income | $5.9B | $2.2B |
| Gross margin | 20.0% | 10.8% |
| Net margin | 5.2% | 5.7% |
| Return on equity | — | 21.5% |
| Diluted EPS | $8.68 | $3.26 |
| Dividend / share | $2.10 | — |
| Payout ratio | 24.6% | — |
| Free cash flow | $8.6B | $-7.0B |
| Equity | $-2.5B | $14.5B |
| Net debt / equity | — | — |
| Current ratio | 0.91× | 3.87× |
| Revenue CAGR 5y | 5.5% | 61.5% |
| Profit CAGR 5y | 12.8% | 81.9% |
DELL bills 2.9× the revenue of SMCI, and SMCI keeps more of each dollar of revenue as profit (5.7% 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.
Revenue by year
10 years side by side
| Fiscal year | DELL | SMCI |
|---|---|---|
| FY2025 | $113.5B | $39.1B |
| FY2024 | $95.6B | $22.0B |
| FY2023 | $88.4B | $15.0B |
| FY2022 | $102.3B | $7.1B |
| FY2021 | $101.2B | $5.2B |
| FY2020 | $86.7B | $3.6B |
| FY2019 | $84.8B | $3.3B |
| FY2018 | $90.6B | $3.5B |
| FY2017 | $79.0B | $3.4B |
| FY2016 | $61.6B | $2.5B |
Net income by year
Bottom line
| Fiscal year | DELL | SMCI |
|---|---|---|
| FY2025 | $5.9B | $2.2B |
| FY2024 | $4.6B | $1.0B |
| FY2023 | $3.4B | $1.2B |
| FY2022 | $2.4B | $640.0M |
| FY2021 | $5.6B | $285.2M |
| FY2020 | $3.2B | $111.9M |
| FY2019 | $4.6B | $84.3M |
| FY2018 | $-2.3B | $71.9M |
| FY2017 | $-2.8B | $46.2M |
| FY2016 | $-1.7B | $66.9M |
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