Is AMAT or DELL cheaper?

On trailing earnings, DELL is cheaper: AMAT trades at a 53.62 P/E and DELL at 34.31.

Which has grown faster, AMAT or DELL?

Over the past five years, AMAT grew revenue faster — AMAT at a 9.33% CAGR versus DELL at 7.14%.

Does AMAT or DELL pay a bigger dividend?

AMAT yields 0.37% and DELL yields 0.58% based on trailing dividends and the latest price.

Is AMAT or DELL more profitable?

AMAT runs the higher net margin — AMAT at 29.31% versus DELL at 6.28%.

Which has been the better investment, AMAT or DELL?

Over the past 5-year, DELL delivered the higher annualized total return — AMAT at 38.26% versus DELL at 56.76%. Past performance doesn't predict future results.

Applied Materials, Inc. (AMAT) vs Dell Technologies Inc. (DELL)

AMAT and DELL are evenly matched — 8 metrics each of 16.

A side-by-side comparison of Applied Materials, Inc. and Dell Technologies Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 9, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AMAT

Applied Materials, Inc.

$467.37B

$588.66Technology

DELL

Dell Technologies Inc.

$299.06B

$450.22Technology

Total return — AMAT vs DELL

growth of $100 · last 10y

AMAT +1990.5%DELL +3479.2%DELL compounded faster

AMAT DELL

AMAT vs DELL: by the numbers

•AMAT is the larger company ($467.37B vs $299.06B market cap).
•DELL trades at the lower earnings multiple (34.31 vs 53.62 P/E).
•AMAT converts more revenue to profit (29.31% vs 6.28% net margin).
•AMAT grew revenue faster over the past five years (9.33% vs 7.14% CAGR).
•DELL pays the higher dividend yield (0.58% vs 0.37%).

Which is better, AMAT or DELL?

Metric tally: AMAT 8 · DELL 8

It depends on what you're optimizing for:

ValueDELL(lower P/E)

GrowthAMAT(faster 5Y revenue CAGR)

IncomeDELL(higher dividend yield)

QualityAMAT(higher ROIC)

Metrics side by side

Valuation

Metric	AMAT	DELL
P/E ratio	53.62	34.31●
Forward P/E	46.61	43.33●
P/S ratio	15.71	2.11●
P/B ratio	19.07	—
PEG ratio	76.84	0.34●
EV / EBITDA	50.39	23.12●
FCF yield	1.31%	3.33%●

Profitability

Metric	AMAT	DELL
Gross margin	48.96%●	19.16%
Operating margin	29.51%●	7.98%
Net margin	29.31%●	6.28%
ROE	35.58%●	-240.32%
ROIC	21.96%●	15.00%

Dividends

Metric	AMAT	DELL
Dividend yield	0.37%	0.58%●
Payout ratio	24.34%	28.13%

Growth (annualized)

Metric	AMAT	DELL
Revenue CAGR (5Y)	9.33%●	7.14%
EPS CAGR (5Y)	17.13%●	15.44%
FCF CAGR (5Y)	9.02%●	-5.14%
Total return CAGR (5Y)	35.04%	56.76%●

Frequently asked

Which is better, AMAT or DELL?: It depends on your goal. value: DELL (lower P/E); growth: AMAT (faster 5Y revenue CAGR); income: DELL (higher dividend yield); quality: AMAT (higher ROIC). Across all compared metrics, they are evenly matched.
Is AMAT or DELL cheaper?: On trailing earnings, DELL is cheaper: AMAT trades at a 53.62 P/E and DELL at 34.31.
Which has grown faster, AMAT or DELL?: Over the past five years, AMAT grew revenue faster — AMAT at a 9.33% CAGR versus DELL at 7.14%.
Does AMAT or DELL pay a bigger dividend?: AMAT yields 0.37% and DELL yields 0.58% based on trailing dividends and the latest price.
Is AMAT or DELL more profitable?: AMAT runs the higher net margin — AMAT at 29.31% versus DELL at 6.28%.
Which has been the better investment, AMAT or DELL?: Over the past 5-year, DELL delivered the higher annualized total return — AMAT at 38.26% versus DELL at 56.76%. Past performance doesn't predict future results.

Go deeper

Full AMAT analysis Full DELL analysis Interactive comparison tool

Dig into the metrics

Applied Materials P/E ratio Dell Technologies P/E ratio Applied Materials dividend yield Dell Technologies dividend yield Applied Materials ROE Dell Technologies ROE Applied Materials operating margin Dell Technologies operating margin Applied Materials revenue growth Dell Technologies revenue growth Applied Materials free cash flow Dell Technologies free cash flow

Applied Materials & Dell Technologies appear in these rankings

Highest ROE Stocks Highest ROIC Stocks Best 10-Year Total Return Stocks Largest Companies by Market Cap

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 9, 2026.