vs
Side-by-side financial comparison of Dell Technologies (DELL) and Oracle Corporation (ORCL). Click either name above to swap in a different company.
Dell Technologies is the larger business by last-quarter revenue ($27.0B vs $16.1B, roughly 1.7× Oracle Corporation). Oracle Corporation runs the higher net margin — 38.2% vs 5.7%, a 32.5% gap on every dollar of revenue. On growth, Oracle Corporation posted the faster year-over-year revenue change (14.2% vs 10.8%). Dell Technologies produced more free cash flow last quarter ($503.0M vs $-10.0B). Over the past eight quarters, Oracle Corporation's revenue compounded faster (10.0% CAGR vs 8.5%).
Dell Technologies Inc. is an American multinational technology company that has been headquartered in Round Rock, Texas since 1994. It was formed as a result of the September 2016 merger of Dell and EMC Corporation.
An oracle is a person or thing considered to provide insight, wise counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. If done through occultic means, it is a form of divination.
DELL vs ORCL — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $27.0B | $16.1B |
| Net Profit | $1.5B | $6.1B |
| Gross Margin | 20.7% | — |
| Operating Margin | 7.8% | 29.5% |
| Net Margin | 5.7% | 38.2% |
| Revenue YoY | 10.8% | 14.2% |
| Net Profit YoY | 36.7% | 94.7% |
| EPS (diluted) | $2.28 | $2.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $27.0B | $16.1B | ||
| Q3 25 | — | $14.9B | ||
| Q2 25 | $23.4B | $15.9B | ||
| Q1 25 | — | $14.1B | ||
| Q4 24 | $24.4B | $14.1B | ||
| Q3 24 | $25.0B | $13.3B | ||
| Q2 24 | $22.2B | $14.3B | ||
| Q1 24 | $22.3B | $13.3B |
| Q4 25 | $1.5B | $6.1B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | $965.0M | $3.4B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | $1.1B | $3.2B | ||
| Q3 24 | $846.0M | $2.9B | ||
| Q2 24 | $960.0M | $3.1B | ||
| Q1 24 | $1.2B | $2.4B |
| Q4 25 | 20.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 21.8% | — | ||
| Q3 24 | 21.2% | — | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 23.8% | — |
| Q4 25 | 7.8% | 29.5% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | 5.0% | 32.1% | ||
| Q1 25 | — | 30.8% | ||
| Q4 24 | 6.8% | 30.0% | ||
| Q3 24 | 5.4% | 30.0% | ||
| Q2 24 | 4.1% | 32.8% | ||
| Q1 24 | 6.7% | 28.2% |
| Q4 25 | 5.7% | 38.2% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | 4.1% | 21.5% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | 4.6% | 22.4% | ||
| Q3 24 | 3.4% | 22.0% | ||
| Q2 24 | 4.3% | 22.0% | ||
| Q1 24 | 5.2% | 18.1% |
| Q4 25 | $2.28 | $2.10 | ||
| Q3 25 | — | $1.01 | ||
| Q2 25 | $1.37 | $1.19 | ||
| Q1 25 | — | $1.02 | ||
| Q4 24 | $1.58 | $1.10 | ||
| Q3 24 | $1.17 | $1.03 | ||
| Q2 24 | $1.32 | $1.11 | ||
| Q1 24 | $1.82 | $0.85 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.6B | $19.2B |
| Total DebtLower is stronger | $31.2B | — |
| Stockholders' EquityBook value | $-2.6B | $30.0B |
| Total Assets | $87.5B | $205.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.6B | $19.2B | ||
| Q3 25 | — | $10.4B | ||
| Q2 25 | $7.7B | $10.8B | ||
| Q1 25 | — | $17.4B | ||
| Q4 24 | $5.2B | $10.9B | ||
| Q3 24 | $4.5B | $10.6B | ||
| Q2 24 | $5.8B | $10.5B | ||
| Q1 24 | $7.4B | $9.5B |
| Q4 25 | $31.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $28.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $25.0B | — | ||
| Q3 24 | $24.5B | — | ||
| Q2 24 | $25.5B | — | ||
| Q1 24 | $26.0B | — |
| Q4 25 | $-2.6B | $30.0B | ||
| Q3 25 | — | $24.2B | ||
| Q2 25 | $-3.0B | $20.5B | ||
| Q1 25 | — | $16.7B | ||
| Q4 24 | $-2.3B | $13.7B | ||
| Q3 24 | $-2.9B | $10.8B | ||
| Q2 24 | $-2.8B | $8.7B | ||
| Q1 24 | $-2.4B | $5.6B |
| Q4 25 | $87.5B | $205.0B | ||
| Q3 25 | — | $180.4B | ||
| Q2 25 | $86.9B | $168.4B | ||
| Q1 25 | — | $161.4B | ||
| Q4 24 | $82.0B | $148.5B | ||
| Q3 24 | $82.7B | $144.2B | ||
| Q2 24 | $80.2B | $141.0B | ||
| Q1 24 | $82.1B | $137.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.2B | $2.1B |
| Free Cash FlowOCF − Capex | $503.0M | $-10.0B |
| FCF MarginFCF / Revenue | 1.9% | -62.1% |
| Capex IntensityCapex / Revenue | 2.5% | 74.9% |
| Cash ConversionOCF / Net Profit | 0.76× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $4.3B | $-13.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | — | $8.1B | ||
| Q2 25 | $2.8B | $6.2B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.3B | $7.4B | ||
| Q2 24 | $1.0B | $6.1B | ||
| Q1 24 | $1.5B | $5.5B |
| Q4 25 | $503.0M | $-10.0B | ||
| Q3 25 | — | $-362.0M | ||
| Q2 25 | $2.2B | $-2.9B | ||
| Q1 25 | — | $71.0M | ||
| Q4 24 | $914.0M | $-2.7B | ||
| Q3 24 | $658.0M | $5.1B | ||
| Q2 24 | $447.0M | $3.3B | ||
| Q1 24 | $806.0M | $3.8B |
| Q4 25 | 1.9% | -62.1% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | 9.5% | -18.4% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 3.8% | -19.0% | ||
| Q3 24 | 2.6% | 38.5% | ||
| Q2 24 | 2.0% | 23.0% | ||
| Q1 24 | 3.6% | 28.6% |
| Q4 25 | 2.5% | 74.9% | ||
| Q3 25 | — | 57.0% | ||
| Q2 25 | 2.4% | 57.1% | ||
| Q1 25 | — | 41.5% | ||
| Q4 24 | 2.6% | 28.2% | ||
| Q3 24 | 2.7% | 17.3% | ||
| Q2 24 | 2.7% | 19.6% | ||
| Q1 24 | 3.3% | 12.6% |
| Q4 25 | 0.76× | 0.34× | ||
| Q3 25 | — | 2.78× | ||
| Q2 25 | 2.90× | 1.80× | ||
| Q1 25 | — | 2.02× | ||
| Q4 24 | 1.37× | 0.41× | ||
| Q3 24 | 1.58× | 2.54× | ||
| Q2 24 | 1.09× | 1.93× | ||
| Q1 24 | 1.32× | 2.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DELL
| Products | $21.3B | 79% |
| Storage | $4.0B | 15% |
| Consumer | $1.9B | 7% |
ORCL
| Software Support | $4.9B | 31% |
| Cloud Infrastructure | $4.1B | 25% |
| Cloud Applications | $3.9B | 24% |
| Services Business | $1.4B | 9% |
| Software License | $939.0M | 6% |
| Hardware Business | $776.0M | 5% |
