Is DELL or IBM cheaper?

On trailing earnings, IBM is cheaper: DELL trades at a 31.73 P/E and IBM at 22.84.

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 -0.09%.

Does DELL or IBM pay a bigger dividend?

DELL yields 0.63% and IBM yields 2.62% 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 15.61%.

Which has been the better investment, DELL or IBM?

Over the past 5-year, DELL delivered the higher annualized total return — DELL at 54.14% versus IBM at 11.35%. Past performance doesn't predict future results.

Dell Technologies Inc. (DELL) vs International Business Machines Corporation (IBM)

IBM leads on 10 of 16 compared metrics.

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 June 27, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

DELL

Dell Technologies Inc.

$265.36B

$399.49Technology

IBM

International Business Machines Corporation

$253.60B

$258.27Technology

Total return — DELL vs IBM

growth of $100 · last 10y

DELL +3209.8%IBM +76.1%DELL compounded faster

Log scale — wide-divergence pair

DELL IBM

DELL vs IBM: by the numbers

•DELL is the larger company ($265.36B vs $253.60B market cap).
•IBM trades at the lower earnings multiple (22.84 vs 31.73 P/E).
•IBM converts more revenue to profit (15.61% vs 6.28% net margin).
•DELL grew revenue faster over the past five years (7.14% vs -0.09% CAGR).
•IBM pays the higher dividend yield (2.62% vs 0.63%).

Which is better, DELL or IBM?

Metric tally: DELL 6 · IBM 10

It depends on what you're optimizing for:

ValueIBM(lower P/E)

GrowthDELL(faster 5Y revenue CAGR)

IncomeIBM(higher dividend yield)

QualityDELL(higher ROIC)

Metrics side by side

Valuation

Metric	DELL	IBM
P/E ratio	31.73	22.84●
Forward P/E	21.68	19.28●
P/S ratio	1.96●	3.57
P/B ratio	—	7.46
PEG ratio	0.34●	0.35
EV / EBITDA	21.49	18.60●
FCF yield	3.60%	5.32%●

Profitability

Metric	DELL	IBM
Gross margin	19.16%	58.97%●
Operating margin	7.98%	16.36%●
Net margin	6.28%	15.61%●
ROE	-240.32%	32.61%●
ROIC	15.00%●	8.57%

Dividends

Metric	DELL	IBM
Dividend yield	0.63%	2.62%●
Payout ratio	28.13%	59.51%

Growth (annualized)

Metric	DELL	IBM
Revenue CAGR (5Y)	7.14%●	-0.09%
EPS CAGR (5Y)	15.44%●	12.59%
FCF CAGR (5Y)	-5.14%	-3.35%●
Total return CAGR (5Y)	54.14%●	18.56%

Frequently asked

Which is better, DELL or IBM?: It depends on your goal. value: IBM (lower P/E); growth: DELL (faster 5Y revenue CAGR); income: IBM (higher dividend yield); quality: DELL (higher ROIC). Across all compared metrics, IBM leads 10 to 6.
Is DELL or IBM cheaper?: On trailing earnings, IBM is cheaper: DELL trades at a 31.73 P/E and IBM at 22.84.
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 -0.09%.
Does DELL or IBM pay a bigger dividend?: DELL yields 0.63% and IBM yields 2.62% 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 15.61%.
Which has been the better investment, DELL or IBM?: Over the past 5-year, DELL delivered the higher annualized total return — DELL at 54.14% versus IBM at 11.35%. Past performance doesn't predict future results.

Go deeper

Full DELL analysis Full IBM analysis Interactive comparison tool

Dig into the metrics

Dell Technologies P/E ratio International Business Machines P/E ratio Dell Technologies dividend yield International Business Machines dividend yield Dell Technologies ROE International Business Machines ROE Dell Technologies operating margin International Business Machines operating margin Dell Technologies revenue growth International Business Machines revenue growth Dell Technologies free cash flow International Business Machines free cash flow

Dell Technologies & International Business Machines appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest ROE Stocks Highest FCF Yield 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 June 27, 2026.