Dell Technologies Inc. (NYSE:DELL)

The financial data reveals several important trends over the analyzed periods. Net revenue shows an overall upward trajectory, increasing from approximately 90.6 billion US dollars in early 2019 to a peak near 102.3 billion by early 2023, before experiencing a decline to about 88.4 billion in early 2024, and then recovering to 95.6 billion in early 2025. This fluctuation indicates some variability in revenue performance, with a notable dip around 2024.

In parallel, the operating income moved from a significant loss of 191 million US dollars in 2019 to positive and growing values in subsequent years. It rose substantially, reaching a high of 6.2 billion US dollars by early 2025. Although there were fluctuations, with a slight decline in operating income in early 2024 compared to 2023, the overall trend points toward improved profitability and operational efficiency over the timeframe.

The operating profit margin corroborates this profitability trend. Starting from a negative margin of -0.21% in 2019, the margin improved consistently each year with minor fluctuations, reaching 6.53% by early 2025. This steady increase shows enhanced control over operating costs relative to net revenue and reflects healthier operational performance.

Net Revenue Trend

An upward trend with a peak in early 2023, followed by a dip in 2024, and partial recovery in 2025.

Operating Income Trend

Transitioned from a loss in 2019 to sustained gains, reaching the highest value in 2025, signaling improved profitability.

Operating Profit Margin Trend

Continuous improvement from negative to over 6%, indicating greater efficiency and profitability.

Overall, the data suggests stronger operational performance and profitability despite some fluctuations in revenue in recent years. The company appears to have controlled costs and enhanced profit margins effectively, particularly from 2020 onward, resulting in stable and growing operating income levels.