Dell Technologies (DELL) vs International Business Machines (IBM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Dell Technologies (DELL) has outperformed International Business Machines (IBM) over the past year, gaining 283.7% versus a loss of 25.0%. Over five years, DELL leads with a +960.5% price change compared with +59.5% for IBM. Dell Technologies is the larger company by market cap ($368.11 billion vs $207.75 billion), about 1.8 times the size.
On valuation, International Business Machines trades at a lower forward P/E (16.8x vs 19.9x for Dell Technologies). International Business Machines offers the higher dividend yield (3.05% vs 0.40%). International Business Machines converts more of its revenue into profit, with a net margin of 15.7% versus 5.2%.
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 | IBM |
|---|---|---|
| Share price | $578.96 | $220.51 |
| Market cap | $368.11B | $207.75B |
| 1-day change | +0.86% | -0.35% |
| YTD return | +359.93% | -25.56% |
| 1-year return | +283.75% | -24.96% |
| 5-year return | +960.52% | +59.50% |
| P/E ratio (TTM) | 33.37 | 19.67 |
| Forward P/E | 19.88 | 16.77 |
| EPS (TTM) | $17.35 | $11.21 |
| Dividend yield | 0.40% | 3.05% |
| Annual dividend | $2.31 | $6.73 |
| Revenue (latest FY) | $113.54B | $67.53B |
| Revenue growth (YoY) | +18.80% | +7.62% |
| Net income (latest FY) | $5.94B | $10.59B |
| Gross margin | 20.00% | 58.19% |
| Operating margin | 7.18% | — |
| Net margin | 5.23% | 15.69% |
| 52-week high | $595.51 | $332.46 |
| 52-week low | $110.22 | $199.19 |
| Distance from 52-week high | -2.78% | -33.67% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +1.21% | +9.11% |
| Average volume | 7.57M | 8.19M |
| Shares outstanding | 315.43M | 942.13M |
| Employees | 97,000 | 264,300 |
| Sector | Technology | Technology |
| Industry | Computer Hardware | Computer Manufacturing |
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 has outperformed IBM by 308.7 percentage points over the past year.
- Dell Technologies trades at a higher earnings multiple (33.4x vs 19.7x trailing P/E).
- International Business Machines offers a meaningfully higher dividend yield (3.05% vs 0.40%).
- International Business Machines is more profitable, keeping 15.7 cents of every revenue dollar as net income versus 5.2 cents for Dell Technologies.
- Dell Technologies grew revenue faster in its latest fiscal year (+18.80% vs +7.62%).
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 International Business Machines
IBM stock →International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments.
Technology · Computer Manufacturing · 264,300 employees
DELL vs IBM FAQ
Which is bigger, Dell Technologies or International Business Machines?
Dell Technologies (DELL) is larger, with a market capitalization of $368.11B compared with $207.75B for International Business Machines (IBM).
Which stock has performed better over the past year, DELL or IBM?
DELL returned +283.75% over the past 12 months, compared with -24.96% for IBM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DELL or IBM?
IBM has the lower trailing P/E at 19.7, versus 33.4 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 International Business Machines?
International Business Machines has the higher yield at 3.05%, compared with 0.40% for Dell Technologies.
Are Dell Technologies and International Business Machines in the same industry?
Both are in the Technology sector, but in different industries: Computer Hardware for Dell Technologies and Computer Manufacturing for International Business Machines.