Apple vs Dell Technologies (AAPL vs DELL)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Apple is the larger company by revenue ($416.2B vs $113.5B) and market value ($4.9T vs $365.0B). Dell Technologies grew revenue faster in its latest fiscal year (+18.8% vs +6.4%). Apple runs the higher operating margin (32.0% vs 7.2%). Dell Technologies trades at the lower trailing P/E (32.1x vs 38.2x).
About Apple
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. It also offers related services including advertising, technical support under AppleCare, cloud storage, digital content platforms, and payment services. The company serves consumers, small and mid-sized businesses, education, enterprise, and government markets worldwide.
About Dell Technologies
Dell Technologies Inc. provides technology solutions for data and artificial intelligence applications, offering products ranging from client devices and peripherals to infrastructure solutions including servers, networking, and storage. The company serves customers globally through two main business units: Infrastructure Solutions Group, which delivers AI-optimized servers, traditional servers, networking, and storage solutions, and Client Solutions Group, which offers personal computers, peripherals, and related services for commercial and consumer markets. Dell also provides flexible payment and financing options to support customer acquisition of its technology solutions.
Head to head (AAPL FY2025 vs DELL FY2026)
| Metric | AAPLFY2025 | DELLFY2026 |
|---|---|---|
| Revenue | $416.16B | $113.54B |
| Revenue growth (YoY) | 6.4% | 18.8% |
| Gross margin | 46.9% | 20.0% |
| Operating margin | 32.0% | 7.2% |
| Net margin | 26.9% | 5.2% |
| Net income | $112.01B | $5.94B |
| Diluted EPS | $7.46 | $8.68 |
| FCF margin | 23.7% | 7.5% |
| ROE | 151.9% | — |
| Long-term debt / equity | 1.06× | — |
| Market cap | $4.87T | $364.96B |
| P/E | 38.2× | 32.1× |
Fundamentals are from each company’s SEC filings (AAPL FY2025, DELL FY2026). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| AAPL by fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $365.82B | $394.33B | $383.29B | $391.04B | $416.16B |
| Net income | $94.68B | $99.80B | $97.00B | $93.74B | $112.01B |
| Operating margin | 29.8% | 30.3% | 29.8% | 31.5% | 32.0% |
| DELL by fiscal year | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | $101.20B | $102.30B | $88.42B | $95.57B | $113.54B |
| Net income | $5.56B | $2.44B | $3.39B | $4.59B | $5.94B |
| Operating margin | 4.6% | 5.6% | 6.1% | 6.5% | 7.2% |
Apple and Dell Technologies use different fiscal calendars (AAPL's FY2025 ended 2025-09-27, DELL's FY2026 ended 2026-01-30), so their fiscal years are shown separately rather than forced into one timeline.
Peer standing
Where each company ranks among the 625 Technology companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | AAPL | DELL |
|---|---|---|
| Gross margin | 46.9%46th percentile of 508 | 20.0%13th percentile of 508 |
| Operating margin | 32.0%94th percentile of 562 | 7.2%62nd percentile of 562 |
| Net margin | 26.9%91st percentile of 575 | 5.2%58th percentile of 575 |
| FCF margin | 23.7%81st percentile of 542 | 7.5%44th percentile of 542 |
| Revenue growth (YoY) | +6.4%41st percentile of 616 | +18.8%70th percentile of 616 |
| P/E | 38.2×59th percentile of 330 | 32.1×52nd percentile of 330 |
| Short interest (days to cover) | 2.85d37th percentile of 621 | 1.00d1st percentile of 621 |
Short interest
| FINRA settlement data | AAPL | DELL |
|---|---|---|
| Shares sold short | 128.8M | 13.7M |
| Change vs prior settlement | -7.9% | -5.2% |
| Days to cover | 2.85 | 1.00 |
| As of settlement | 2026-09-15 | 2026-09-15 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | AAPL | DELL |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 18 ($92.1M) | 942 ($956.5M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
9 tracked 13F managers hold both Apple and Dell Technologies as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Dodge & Cox, Gotham Asset Management, Millennium Management, Renaissance Technologies, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
Track AAPL and DELL
Get an alert when either company files something material, see which superinvestors own them, and ask their filings a question with cited answers.
Start monitoring freeIncludes one free filing-grounded research answer. Or check your whole portfolio, no account needed.
Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.