MARKETS / NYSE / DELL
NYSE · ELECTRONIC COMPUTERS · LARGE CAP

Dell Technologies Inc. DELL

12 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY3 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$113.5B
▲ 18.8% vs FY2024
Dividend streak
3 yrs
Raised every year since 2023
EPS · FY25
$8.68
Dividend / sh · FY25
$2.10
Payout · FY25
25%
ROE · FY25
Net margin · FY25
5.2%
Dividend coverage
4.1×
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Result
USD 113.5B
Revenue, FY2025 · full 12-year series below
Revenue Net income
4080120113.55.920142017202020232025
4080120113.55.92016201920222025

5 cents of every revenue dollar became profit this year.

Per share
USD 8.68
Diluted EPS, FY2025
EPS Dividend
48122.108.6820142017202020232025
48122.108.682016201920222025

Earnings covered the dividend 4.1 times — the rest stayed in the company.

Profitability
Return on equity, FY2025
ROE
4008001200160020142017202020232025
400800120016002016201920222025
Operating margin7.2%
Net margin5.2%
Return on assets6.6%

Returned to shareholders
USD 7.5B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 1.5B
Net buybacksUSD 6.0B
Share of profit125.8%
Consecutive raises3 years

USD 1.5B in dividends and USD 6.0B in buybacks — 126% of the year's profit, so the payout drew on cash built up earlier.

Growth
+5.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+3.5%
+5.5%
+8.4%
Net income
+34.5%
+12.8%
EPS, diluted
+38.9%
+15.5%
Dividend / share
+16.7%
Returned to shareholders
+24.8%
+160.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.65B
Shares outstanding, FY2025
0.410.6520142017202020232025
0.780.652016201920222025
Change, 5 years−13.4%
Change, 10 years

The share count shrank 13% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 101.3B
total assets, end of FY2025
Total assetsUSD 101.3B
EquityUSD -2.5B
CashUSD 11.5B
Gross debtUSD 31.5B
Net debtUSD 20.0B
Current ratio0.91×

Net debt stands at -809% of equity.

History
12 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue $B
113.5
95.6
88.4
102.3
101.2
86.7
84.8
90.6
79.0
61.6
50.9
54.1
Operating income $B
8.1
6.2
5.4
5.8
4.7
3.7
2.4
−0.2
−2.4
−3.3
−0.5
−0.3
EBITDA $B
11.2
9.4
8.7
8.9
9.2
9.1
8.5
7.6
6.2
1.7
2.4
2.7
Income tax $B
1.3
0.5
0.7
0.8
1.0
0.1
−0.6
−0.2
−1.8
−1.6
−0.1
−0.1
Net income $B
5.9
4.6
3.4
2.4
5.6
3.2
4.6
−2.3
−2.8
−1.7
−1.1
−1.2
EPS, diluted $
8.68
6.38
4.60
3.24
·
4.22
5.91
1.61
·
·
·
·
Dividend / sh $
2.10
1.78
1.48
1.32
·
·
·
·
·
·
·
·
Payout %
25
28
32
39
0
0
0
−92
−0
·
·
·
ROE %
·
·
·
·
1401.3
718.2
·
−129.7
−25.2
−22.7
−75.3
·
Shares out B
0.65
0.70
0.70
0.72
0.76
0.75
0.74
0.72
0.77
0.78
0.41
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
38 of 38
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed