Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Dell Technologies Inc., profitability ratios
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Dell Technologies Inc. gross profit margin ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025 not reaching 2023 level. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Dell Technologies Inc. operating profit margin ratio improved from 2023 to 2024 and from 2024 to 2025. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Dell Technologies Inc. net profit margin ratio improved from 2023 to 2024 and from 2024 to 2025. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Dell Technologies Inc. ROA improved from 2023 to 2024 and from 2024 to 2025. |
Gross Profit Margin
Dell Technologies Inc., gross profit margin calculation, comparison to benchmarks
| Jan 31, 2025 | Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Gross margin | 21,250) | 20,869) | 22,686) | 21,891) | 29,417) | 28,933) | |
| Net revenue | 95,567) | 88,425) | 102,301) | 101,197) | 94,224) | 92,154) | |
| Profitability Ratio | |||||||
| Gross profit margin1 | 22.24% | 23.60% | 22.18% | 21.63% | 31.22% | 31.40% | |
| Benchmarks | |||||||
| Gross Profit Margin, Competitors2 | |||||||
| Apple Inc. | — | 46.21% | 44.13% | 43.31% | 41.78% | 38.23% | |
| Arista Networks Inc. | — | 64.13% | 61.95% | 61.07% | 63.80% | 63.94% | |
| Cisco Systems Inc. | — | 64.73% | 62.73% | 62.55% | 64.02% | 64.26% | |
| Super Micro Computer Inc. | — | 13.75% | 18.01% | 15.40% | 15.03% | 15.76% | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Gross profit margin = 100 × Gross margin ÷ Net revenue
= 100 × 21,250 ÷ 95,567 = 22.24%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Dell Technologies Inc. gross profit margin ratio improved from 2023 to 2024 but then slightly deteriorated from 2024 to 2025 not reaching 2023 level. |
Operating Profit Margin
Dell Technologies Inc., operating profit margin calculation, comparison to benchmarks
| Jan 31, 2025 | Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Operating income | 6,237) | 5,211) | 5,771) | 4,659) | 5,144) | 2,622) | |
| Net revenue | 95,567) | 88,425) | 102,301) | 101,197) | 94,224) | 92,154) | |
| Profitability Ratio | |||||||
| Operating profit margin1 | 6.53% | 5.89% | 5.64% | 4.60% | 5.46% | 2.85% | |
| Benchmarks | |||||||
| Operating Profit Margin, Competitors2 | |||||||
| Apple Inc. | — | 31.51% | 29.82% | 30.29% | 29.78% | 24.15% | |
| Arista Networks Inc. | — | 42.05% | 38.52% | 34.86% | 31.37% | 30.19% | |
| Cisco Systems Inc. | — | 22.64% | 26.37% | 27.09% | 25.76% | 27.63% | |
| Super Micro Computer Inc. | — | 8.08% | 10.68% | 6.45% | 3.48% | 2.57% | |
| Operating Profit Margin, Sector | |||||||
| Technology Hardware & Equipment | — | 26.07% | 24.86% | 25.14% | 24.78% | 19.76% | |
| Operating Profit Margin, Industry | |||||||
| Information Technology | — | 26.60% | 24.47% | 26.42% | 26.71% | 22.69% | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Operating profit margin = 100 × Operating income ÷ Net revenue
= 100 × 6,237 ÷ 95,567 = 6.53%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Dell Technologies Inc. operating profit margin ratio improved from 2023 to 2024 and from 2024 to 2025. |
Net Profit Margin
Dell Technologies Inc., net profit margin calculation, comparison to benchmarks
| Jan 31, 2025 | Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income attributable to Dell Technologies Inc. | 4,592) | 3,211) | 2,442) | 5,563) | 3,250) | 4,616) | |
| Net revenue | 95,567) | 88,425) | 102,301) | 101,197) | 94,224) | 92,154) | |
| Profitability Ratio | |||||||
| Net profit margin1 | 4.81% | 3.63% | 2.39% | 5.50% | 3.45% | 5.01% | |
| Benchmarks | |||||||
| Net Profit Margin, Competitors2 | |||||||
| Apple Inc. | — | 23.97% | 25.31% | 25.31% | 25.88% | 20.91% | |
| Arista Networks Inc. | — | 40.73% | 35.62% | 30.87% | 28.52% | 27.38% | |
| Cisco Systems Inc. | — | 19.18% | 22.13% | 22.91% | 21.26% | 22.75% | |
| Super Micro Computer Inc. | — | 7.69% | 8.98% | 5.49% | 3.14% | 2.52% | |
| Net Profit Margin, Sector | |||||||
| Technology Hardware & Equipment | — | 20.04% | 20.66% | 21.34% | 21.20% | 17.54% | |
| Net Profit Margin, Industry | |||||||
| Information Technology | — | 20.72% | 20.39% | 22.45% | 23.61% | 19.67% | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
Net profit margin = 100 × Net income attributable to Dell Technologies Inc. ÷ Net revenue
= 100 × 4,592 ÷ 95,567 = 4.81%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Dell Technologies Inc. net profit margin ratio improved from 2023 to 2024 and from 2024 to 2025. |
Return on Equity (ROE)
Dell Technologies Inc., ROE calculation, comparison to benchmarks
| Jan 31, 2025 | Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income attributable to Dell Technologies Inc. | 4,592) | 3,211) | 2,442) | 5,563) | 3,250) | 4,616) | |
| Total Dell Technologies Inc. stockholders’ equity (deficit) | (1,482) | (2,404) | (3,122) | (1,685) | 2,479) | (1,574) | |
| Profitability Ratio | |||||||
| ROE1 | — | — | — | — | 131.10% | — | |
| Benchmarks | |||||||
| ROE, Competitors2 | |||||||
| Apple Inc. | — | 164.59% | 156.08% | 196.96% | 150.07% | 87.87% | |
| Arista Networks Inc. | — | 28.54% | 28.91% | 27.68% | 21.13% | 19.11% | |
| Cisco Systems Inc. | — | 22.70% | 28.44% | 29.70% | 25.66% | 29.57% | |
| Super Micro Computer Inc. | — | 21.28% | 32.45% | 20.00% | 10.20% | 7.91% | |
| ROE, Sector | |||||||
| Technology Hardware & Equipment | — | 96.41% | 101.96% | 124.98% | 97.82% | 69.73% | |
| ROE, Industry | |||||||
| Information Technology | — | 29.38% | 31.90% | 39.03% | 42.37% | 35.70% | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
ROE = 100 × Net income attributable to Dell Technologies Inc. ÷ Total Dell Technologies Inc. stockholders’ equity (deficit)
= 100 × 4,592 ÷ -1,482 = —
2 Click competitor name to see calculations.
Return on Assets (ROA)
Dell Technologies Inc., ROA calculation, comparison to benchmarks
| Jan 31, 2025 | Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Net income attributable to Dell Technologies Inc. | 4,592) | 3,211) | 2,442) | 5,563) | 3,250) | 4,616) | |
| Total assets | 79,746) | 82,089) | 89,611) | 92,735) | 123,415) | 118,861) | |
| Profitability Ratio | |||||||
| ROA1 | 5.76% | 3.91% | 2.73% | 6.00% | 2.63% | 3.88% | |
| Benchmarks | |||||||
| ROA, Competitors2 | |||||||
| Apple Inc. | — | 25.68% | 27.51% | 28.29% | 26.97% | 17.73% | |
| Arista Networks Inc. | — | 20.31% | 20.98% | 19.96% | 14.66% | 13.39% | |
| Cisco Systems Inc. | — | 8.29% | 12.38% | 12.57% | 10.86% | 11.82% | |
| Super Micro Computer Inc. | — | 11.73% | 17.42% | 8.90% | 4.99% | 4.39% | |
| ROA, Sector | |||||||
| Technology Hardware & Equipment | — | 18.69% | 20.58% | 21.62% | 18.88% | 13.59% | |
| ROA, Industry | |||||||
| Information Technology | — | 11.99% | 12.51% | 14.57% | 14.66% | 11.45% | |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31).
1 2025 Calculation
ROA = 100 × Net income attributable to Dell Technologies Inc. ÷ Total assets
= 100 × 4,592 ÷ 79,746 = 5.76%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Dell Technologies Inc. ROA improved from 2023 to 2024 and from 2024 to 2025. |