Dell Technologies (DELL) vs HP (HPQ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Dell Technologies (DELL) has outperformed HP (HPQ) over the past year, gaining 284.8% versus a gain of 22.4%. Over five years, DELL leads with a +963.3% price change compared with +14.9% for HPQ. Dell Technologies is the larger company by market cap ($368.11 billion vs $29.07 billion), about 12.7 times the size.
On valuation, HP trades at a lower forward P/E (10.3x vs 19.9x for Dell Technologies). HP offers the higher dividend yield (3.69% vs 0.40%). Dell Technologies converts more of its revenue into profit, with a net margin of 5.2% versus 4.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DELL | HPQ |
|---|---|---|
| Share price | $578.96 | $32.24 |
| Market cap | $368.11B | $29.07B |
| 1-day change | +0.86% | +1.61% |
| YTD return | +361.15% | +45.83% |
| 1-year return | +284.77% | +22.37% |
| 5-year return | +963.34% | +14.89% |
| P/E ratio (TTM) | 33.66 | 12.31 |
| Forward P/E | 19.88 | 10.27 |
| EPS (TTM) | $17.20 | $2.62 |
| Dividend yield | 0.40% | 3.69% |
| Annual dividend | $2.31 | $1.19 |
| Revenue (latest FY) | $113.54B | $55.30B |
| Revenue growth (YoY) | +18.80% | +3.24% |
| Net income (latest FY) | $5.94B | $2.53B |
| Gross margin | 20.00% | 20.60% |
| Operating margin | 7.18% | 5.74% |
| Net margin | 5.23% | 4.57% |
| 52-week high | $595.51 | $36.23 |
| 52-week low | $110.22 | $17.56 |
| Distance from 52-week high | -2.78% | -11.01% |
| Analyst consensus | buy | none |
| Avg. price target upside | +1.21% | -8.00% |
| Average volume | 7.60M | 15.20M |
| Shares outstanding | 315.43M | 901.79M |
| Employees | 97,000 | 55,000 |
| Sector | Technology | Technology |
| Industry | Computer Hardware | Computer Hardware |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Dell Technologies is about 12.7 times larger than HP by market value ($368.11B vs $29.07B).
- DELL has outperformed HPQ by 262.4 percentage points over the past year.
- Dell Technologies trades at a higher earnings multiple (33.7x vs 12.3x trailing P/E).
- HP offers a meaningfully higher dividend yield (3.69% vs 0.40%).
- Dell Technologies grew revenue faster in its latest fiscal year (+18.80% vs +3.24%).
About Dell Technologies
DELL stock →Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally.
Technology · Computer Hardware · 97,000 employees
About HP
HPQ stock →HP Inc. provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally.
Technology · Computer Hardware · 55,000 employees
DELL vs HPQ FAQ
Which is bigger, Dell Technologies or HP?
Dell Technologies (DELL) is larger, with a market capitalization of $368.11B compared with $29.07B for HP (HPQ).
Which stock has performed better over the past year, DELL or HPQ?
DELL returned +284.77% over the past 12 months, compared with +22.37% for HPQ (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DELL or HPQ?
HPQ has the lower trailing P/E at 12.3, versus 33.7 for DELL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Dell Technologies or HP?
HP has the higher yield at 3.69%, compared with 0.40% for Dell Technologies.
Are Dell Technologies and HP in the same industry?
Yes. Both are classified in the Computer Hardware industry within the Technology sector.