Dell Technologies

12DA.DE

Computer Hardware · Technology

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Apr 30, 2026

How the score breaks down

Quality

Mixed

Growth

Exceptional

Cash Flow

Strong

Stability

Mixed

Valuation

Good

Dividends

Good

Track this stock — start free trial

Winston Score History

The full picture

Dell Technologies makes computers, servers, and data storage equipment. It sells laptops and desktops to everyday consumers and businesses, but its biggest customers are large companies and governments that buy servers and storage systems to run their IT operations. Dell is one of the largest PC and server makers in the world and also owns VMware's former infrastructure software business after a major spin-off in 2021.

Dell earns money by selling hardware directly to customers, which keeps costs low compared to selling through stores. It operates globally, with a large share of revenue coming from North America, and generates roughly $90 billion in annual revenue. Its direct-sales model and deep relationships with large enterprise customers give it a durable edge, but its thin gross margins leave little room for error. The key growth driver right now is demand for AI-optimized servers, as companies spend heavily on infrastructure to support artificial intelligence workloads.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+39.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+56.7% YoY

YoY Growth Rate

Strong earnings growth

Insider Activity

8.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€19.1B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Dell Technologies grew revenue 40% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

17.8%

Thin — 17.8% gross margin

Profit after running costs

Operating Margin

8.6%

Modest — 8.6% operating margin

Return on the money invested

ROCE

12.5%

Good — 12.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+38.6%

Fast-growing sales (+38.6% YoY)

Profit growth

EPS YoY

+98.6%

Earnings growing fast (+98.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

148%

Turns 148% of profit into real cash

Spare cash per sale

FCF Margin

7.0%

Modest free cash flow (7.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

—

Data not available

Covers its interest

Interest Cover

9.14x

Comfortably covers interest (9.1x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

34.5x

no trend

Pricey — P/E 34.5

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+12.3

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (34.5 → 22.2)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

0.47%

no trend

Small dividend — 0.47% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+14.2%

no trend

Dividend growing fast (14.2% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial