Which has the lower trailing P/E, AMAT or DELL?

DELL has the lower trailing P/E: AMAT trades at 42.44 and DELL at 35.11. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, AMAT or DELL?

Over the past five years, AMAT grew revenue faster — AMAT at a 8.81% CAGR versus DELL at 7.14%.

Does AMAT or DELL pay a bigger dividend?

AMAT yields 0.39% and DELL yields 0.52% based on trailing dividends and the latest price.

Is AMAT or DELL more profitable?

AMAT runs the higher net margin — AMAT at 30.05% versus DELL at 6.28%.

How have AMAT and DELL total returns compared?

Over the past 10 years, AMAT delivered 33.89% and DELL delivered 44.53% annualized total return. Past performance doesn't predict future results.

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

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 August 23, 2026. Differences are shown without an overall score or investment verdict.

AMAT

Applied Materials, Inc.

$390.88B

$492.32TechnologyAt close: Aug 21, 2026, 4:00 PM ET

DELL

Dell Technologies Inc.

$293.59B

$442.08TechnologyAt close: Aug 21, 2026, 4:00 PM ET

Total return — AMAT vs DELL

growth of $100 · dividends reinvested · last 10y

AMAT +1754.1% (+33.9%/yr)DELL +3871.2% (+44.5%/yr)DELL compounded faster over this window

AMAT DELL

AMAT vs DELL: by the numbers

•AMAT is the larger company ($390.88B vs $293.59B market cap).
•DELL trades at the lower trailing earnings multiple (35.11 vs 42.44 P/E), one valuation lens rather than an overall verdict.
•AMAT converts more revenue to profit (30.05% vs 6.28% net margin).
•AMAT grew revenue faster over the past five years (8.81% vs 7.14% CAGR).
•DELL pays the higher dividend yield (0.52% vs 0.39%).

Metrics side by side

Valuation

Metric	AMAT	DELL
P/E ratio	42.44	35.11
Forward P/E	38.42	44.34
P/S ratio	12.77	2.16
P/B ratio	15.37	N/A
EV / EBITDA	39.70	22.45
FCF yield	1.43%	3.26%

Profitability

Metric	AMAT	DELL
Gross margin	49.40%	19.07%
Operating margin	30.50%	8.02%
Net margin	30.05%	6.28%
ROE	36.16%	-240.32%
ROIC	23.58%	18.63%

Dividends

Metric	AMAT	DELL
Dividend yield	0.39%	0.52%
Payout ratio	21.93%	25.78%

Growth (annualized)

Metric	AMAT	DELL
Revenue CAGR (5Y)	8.81%	7.14%
EPS CAGR (5Y)	17.13%	15.44%
FCF CAGR (5Y)	5.66%	3.29%
Total return CAGR (5Y)	32.21%	57.66%

Frequently asked

Which has the lower trailing P/E, AMAT or DELL?: DELL has the lower trailing P/E: AMAT trades at 42.44 and DELL at 35.11. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AMAT or DELL?: Over the past five years, AMAT grew revenue faster — AMAT at a 8.81% CAGR versus DELL at 7.14%.
Does AMAT or DELL pay a bigger dividend?: AMAT yields 0.39% and DELL yields 0.52% based on trailing dividends and the latest price.
Is AMAT or DELL more profitable?: AMAT runs the higher net margin — AMAT at 30.05% versus DELL at 6.28%.
How have AMAT and DELL total returns compared?: Over the past 10 years, AMAT delivered 33.89% and DELL delivered 44.53% annualized total return. 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 Highest Operating Margin Stocks Highest 10-Year Total Return Stocks

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 August 23, 2026.