Stock Analysis on Net

Dell Technologies Inc. (NYSE:DELL)

$24.99

Net Profit Margin
since 2019

Microsoft Excel

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Calculation

Dell Technologies Inc., net profit margin, long-term trends, calculation

Microsoft Excel

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), 10-K (reporting date: 2019-02-01).

1 US$ in millions

The financial data reflects a series of notable trends in profitability and revenue over the reviewed periods.

Net Income (Loss) Attributable to Dell Technologies Inc.
Net income shows a significant recovery and positive trajectory after an initial loss in the earliest period. The negative value recorded in 2019 (-2,310 million USD) shifts to a positive income in subsequent years, reaching a peak of 5,563 million USD by January 28, 2022. Although there is some fluctuation following this peak, the values remain positive, with reported incomes of 2,442 million USD in 2023, improving again to 3,211 million USD in 2024, and reaching 4,592 million USD in 2025. This pattern highlights a period of volatility but an overall improvement in profitability.
Net Revenue
Net revenue displays a generally upward trend from 2019 through 2023, increasing from 90,621 million USD to a high of 102,301 million USD. However, there is a noticeable decline in 2024 to 88,425 million USD, before a partial recovery to 95,567 million USD in 2025. This indicates some recent challenges or fluctuations in revenue generation after years of growth.
Net Profit Margin
The net profit margin mirrors the trends observed in net income, starting at a negative margin (-2.55%) in 2019 and swiftly turning positive in the following years. It peaks at 5.5% in 2022, matching the highest net income for that period. Afterward, the margin decreases to 2.39% in 2023, then gradually improves to 3.63% in 2024 and 4.81% in 2025. These figures suggest that while profitability efficiency fluctuates, it remains strong relative to revenue.

In summary, the company has demonstrated resilience by reversing an initial net loss into sustained profitability. Revenue growth was consistent until a dip in 2024, possibly indicating market or operational headwinds. Despite this revenue setback, profitability margins have remained positive, underscoring effective cost management or favorable pricing strategies during most of the periods analyzed.


Comparison to Competitors

Dell Technologies Inc., net profit margin, long-term trends, comparison to competitors

Microsoft Excel

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), 10-K (reporting date: 2019-02-01).


Comparison to Sector (Technology Hardware & Equipment)

Dell Technologies Inc., net profit margin, long-term trends, comparison to sector (technology hardware & equipment)

Microsoft Excel

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), 10-K (reporting date: 2019-02-01).


Comparison to Industry (Information Technology)

Dell Technologies Inc., net profit margin, long-term trends, comparison to industry (information technology)

Microsoft Excel

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), 10-K (reporting date: 2019-02-01).