Dell Technologies vs Hewlett Packard Enterprise
Dell Technologies is the larger business, with $113.54bn of revenue in fiscal 2026 against $34.30bn for Hewlett Packard Enterprise (3.3 times as much). Dell Technologies grew faster (18.8% against 13.8%). Dell Technologies kept more of each dollar of sales as profit: a net margin of 5.2% against 0.2%.
| Latest fiscal year | Dell TechnologiesDELL, 2026 | Hewlett Packard EnterpriseHPE, 2025 |
|---|---|---|
| Revenue | $113.54bn | $34.30bn |
| Revenue growth | 18.8% | 13.8% |
| Net income | $5.94bn | $57.0m |
| Operating margin | 7.2% | -1.3% |
| Net margin | 5.2% | 0.2% |
| Return on equity | — | 0.2% |
| Free cash flow | $8.55bn | $627m |
| Cash | $11.53bn | $5.77bn |
| Total debt | $31.50bn | $26.36bn |
| Debt to equity | — | 106.8% |
| Dividend per share | $2.10 | $0.52 |
| Dividend yield | 0.6% | 1.1% |
| Share buybacks | $6.01bn | $202m |
| Employees | 97,000 | 67,000 |
| Market value | $260.54bn | $70.54bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 45 (Weak) | 27 (Weak) |
| Insider trades, 12 months | 0 buys, 2709 sales | 0 buys, 33 sales |