COMP <GO>
DELL vs IBM // RETURN ON INVESTED CAPITAL (ROIC)
Dell Technologies Inc. (Class C) (NYSE) VS. International Business Machines Corporation (NYSE) • 15-METRIC TALLY: DELL 4
— IBM 9
▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: DELL
LAST: $475.51 (-3.70%) • MKT CAP: $302.34B
roic
26.60%
LAST: $258.28 (+2.00%) • MKT CAP: $244.11B
roic
13.80%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (DELL VS. IBM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | DELL | IBM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 20.00% | 58.20% | -38.20 | IBM | /gross-margins <GO> |
| Return on Invested Capital (ROIC) ACTIVE | 26.60% | 13.80% | +12.80 | DELL | /roic <GO> |
| EV/EBITDA & P/E Valuation | 30.3x | 20.6x | +9.70 | IBM | /valuation <GO> |
| Free Cash Flow Yield | 2.83% | 4.96% | -2.13 | IBM | /fcf-yield <GO> |
| Operating Margin | 7.20% | 19.10% | -11.90 | IBM | /operating-margins <GO> |
| Net Profit Margin | 5.20% | 15.70% | -10.50 | IBM | /net-margins <GO> |
| Revenue Growth (YoY) | 18.80% | 7.60% | +11.20 | DELL | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.48% | 2.56% | -2.08 | IBM | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.11 | 3.38 | -0.27 | IBM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 46.3 | 71.2 | -24.90 | IBM | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.35 | 1.30 | +0.05 | DELL | /macro-sensitivity <GO> |
| Forward P/E Multiple | 42.8x | 21.4x | +21.40 | IBM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $302.34B | $244.11B | $58.23B | DELL | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | DELL REV | IBM REV | DELL GROSS % | IBM GROSS % | DELL FCF | IBM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $113.54B | $67.53B | 20.0% | 58.2% | $8.55B | $12.10B |
| FY 2024 | $95.57B | $62.75B | 22.2% | 56.7% | $1.87B | $12.40B |
| FY 2023 | $88.42B | $61.86B | — | — | $4.70B | $11.15B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
DELL // BETA 1.35
IBM // BETA 1.30