Analysis of Reportable Segments
Dell Technologies Inc. operates in 3 segments: Infrastructure Solutions Group (ISG); Client Solutions Group (CSG); and VMware.
Segment Profit Margin
Dell Technologies Inc., profit margin by reportable segment
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | |
|---|---|---|---|---|---|---|
| Infrastructure Solutions Group (ISG) | 12.65% | 13.15% | 10.87% | 11.59% | 11.78% | 11.30% |
| Client Solutions Group (CSG) | 7.18% | 6.57% | 7.10% | 6.93% | 6.85% | 4.54% |
| VMware | — | — | — | 30.08% | 28.25% | 32.89% |
Based on: 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), 10-K (reporting date: 2019-02-01).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Infrastructure Solutions Group (ISG) | Infrastructure Solutions Group (ISG) segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
| Client Solutions Group (CSG) | Client Solutions Group (CSG) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| VMware |
Segment Profit Margin: Infrastructure Solutions Group (ISG)
Dell Technologies Inc.; Infrastructure Solutions Group (ISG); segment profit margin calculation
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Reportable segment operating income | 4,286) | 5,045) | 3,736) | 3,776) | 4,001) | 4,151) |
| Reportable segment net revenue | 33,885) | 38,356) | 34,366) | 32,588) | 33,969) | 36,720) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 12.65% | 13.15% | 10.87% | 11.59% | 11.78% | 11.30% |
Based on: 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), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Segment profit margin = 100 × Reportable segment operating income ÷ Reportable segment net revenue
= 100 × 4,286 ÷ 33,885 = 12.65%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Infrastructure Solutions Group (ISG) | Infrastructure Solutions Group (ISG) segment profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Segment Profit Margin: Client Solutions Group (CSG)
Dell Technologies Inc.; Client Solutions Group (CSG); segment profit margin calculation
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Reportable segment operating income | 3,512) | 3,824) | 4,365) | 3,352) | 3,138) | 1,960) |
| Reportable segment net revenue | 48,916) | 58,213) | 61,464) | 48,355) | 45,838) | 43,196) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 7.18% | 6.57% | 7.10% | 6.93% | 6.85% | 4.54% |
Based on: 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), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Segment profit margin = 100 × Reportable segment operating income ÷ Reportable segment net revenue
= 100 × 3,512 ÷ 48,916 = 7.18%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Client Solutions Group (CSG) | Client Solutions Group (CSG) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment Profit Margin: VMware
Dell Technologies Inc.; VMware; segment profit margin calculation
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Reportable segment operating income | —) | —) | —) | 3,571) | 3,081) | 2,989) |
| Reportable segment net revenue | —) | —) | —) | 11,873) | 10,905) | 9,088) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | — | — | — | 30.08% | 28.25% | 32.89% |
Based on: 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), 10-K (reporting date: 2019-02-01).
1 2024 Calculation
Segment profit margin = 100 × Reportable segment operating income ÷ Reportable segment net revenue
= 100 × 0 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | VMware |
Reportable segment net revenue
Dell Technologies Inc., reportable segment net revenue by reportable segment
US$ in millions
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | |
|---|---|---|---|---|---|---|
| Infrastructure Solutions Group (ISG) | 33,885) | 38,356) | 34,366) | 32,588) | 33,969) | 36,720) |
| Client Solutions Group (CSG) | 48,916) | 58,213) | 61,464) | 48,355) | 45,838) | 43,196) |
| VMware | —) | —) | —) | 11,873) | 10,905) | 9,088) |
| Total | 82,801) | 96,569) | 95,830) | 92,816) | 90,712) | 89,004) |
Based on: 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), 10-K (reporting date: 2019-02-01).
Reportable segment operating income
Dell Technologies Inc., reportable segment operating income by reportable segment
US$ in millions
| Feb 2, 2024 | Feb 3, 2023 | Jan 28, 2022 | Jan 29, 2021 | Jan 31, 2020 | Feb 1, 2019 | |
|---|---|---|---|---|---|---|
| Infrastructure Solutions Group (ISG) | 4,286) | 5,045) | 3,736) | 3,776) | 4,001) | 4,151) |
| Client Solutions Group (CSG) | 3,512) | 3,824) | 4,365) | 3,352) | 3,138) | 1,960) |
| VMware | —) | —) | —) | 3,571) | 3,081) | 2,989) |
| Total | 7,798) | 8,869) | 8,101) | 10,699) | 10,220) | 9,100) |
Based on: 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), 10-K (reporting date: 2019-02-01).