Dell Technologies Inc. (DELL) vs International Business Machines Corporation (IBM)
A side-by-side comparison of Dell Technologies Inc. and International Business Machines Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 11, 2026. Differences are shown without an overall score or investment verdict.
DELL
Dell Technologies Inc.
$440.54TechnologyDelayed quote: Aug 11, 2026, 4:00 PM EDT
IBM
International Business Machines Corporation
$238.42TechnologyDelayed quote: Aug 11, 2026, 4:00 PM EDT
Total return — DELL vs IBM
growth of $100 · dividends reinvested · last 10yDELL +4074.5% (+45.2%/yr)IBM +132.1% (+8.8%/yr)DELL compounded faster over this window
Log scale — wide-divergence pair
DELL IBM
DELL vs IBM: by the numbers
- •DELL is the larger company ($292.63B vs $224.62B market cap).
- •IBM trades at the lower trailing earnings multiple (20.91 vs 36.37 P/E), one valuation lens rather than an overall verdict.
- •IBM converts more revenue to profit (15.52% vs 6.28% net margin).
- •DELL grew revenue faster over the past five years (7.14% vs 1.13% CAGR).
- •IBM pays the higher dividend yield (2.85% vs 0.50%).
Metrics side by side
Valuation
| Metric | DELL | IBM |
|---|---|---|
| P/E ratio | 36.37 | 20.91 |
| Forward P/E | 45.92 | 19.18 |
| P/S ratio | 2.24 | 3.26 |
| P/B ratio | N/A | 6.53 |
| EV / EBITDA | 23.20 | 16.14 |
| FCF yield | 3.14% | 6.48% |
Profitability
| Metric | DELL | IBM |
|---|---|---|
| Gross margin | 19.07% | 58.43% |
| Operating margin | 8.02% | 17.86% |
| Net margin | 6.28% | 15.52% |
| ROE | -240.32% | 31.13% |
| ROIC | 15.00% | 10.37% |
Dividends
| Metric | DELL | IBM |
|---|---|---|
| Dividend yield | 0.50% | 2.85% |
| Payout ratio | 25.78% | 59.33% |
Growth (annualized)
| Metric | DELL | IBM |
|---|---|---|
| Revenue CAGR (5Y) | 7.14% | 1.13% |
| EPS CAGR (5Y) | 15.44% | 12.59% |
| FCF CAGR (5Y) | 3.29% | -5.01% |
| Total return CAGR (5Y) | 58.83% | 16.22% |
Frequently asked
- Which has the lower trailing P/E, DELL or IBM?
- IBM has the lower trailing P/E: DELL trades at 36.37 and IBM at 20.91. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, DELL or IBM?
- Over the past five years, DELL grew revenue faster — DELL at a 7.14% CAGR versus IBM at 1.13%.
- Does DELL or IBM pay a bigger dividend?
- DELL yields 0.50% and IBM yields 2.85% based on trailing dividends and the latest price.
- Is DELL or IBM more profitable?
- IBM runs the higher net margin — DELL at 6.28% versus IBM at 15.52%.
- How have DELL and IBM total returns compared?
- Over the past 5 years, DELL delivered 58.83% and IBM delivered 8.76% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Dell Technologies P/E ratioInternational Business Machines P/E ratioDell Technologies dividend yieldInternational Business Machines dividend yieldDell Technologies ROEInternational Business Machines ROEDell Technologies operating marginInternational Business Machines operating marginDell Technologies revenue growthInternational Business Machines revenue growthDell Technologies free cash flowInternational Business Machines free cash flow
Dell Technologies & International Business Machines appear in these rankings
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 11, 2026.