LIVE
HPQ
HP Inc. · Technology
$24.77
-1.86% this month
VERSUS
⟷
COMPARE
DELL
Dell Technologies Inc. · Technology
$454.73
+14.95% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
HPQ
1
DELL
3
Comparison scoreboard
DELL LEADS 3/5AI Score
HPQ 39.4
DELL ✓69.4
1Y Return
HPQ -2.56%
DELL ✓+267.34%
Fwd P/E
HPQ ✓8.05
DELL 21.15
Target Up.
HPQ -5.40%
DELL ✓+7.16%
Op. Margin
HPQ 7.11%
DELL N/A
Metrics last refreshed: 7/14/2026
Quick take
HPQ vs DELL: HP Inc vs Dell Technologies Stock Comparison: AI Score, Valuation, Performance and Upside
HP Inc. is focused on PCs and printing with reliable FCF from supplies, while Dell is a more complete enterprise IT company with AI server demand as a primary growth driver. Dell has significantly more exposure to AI infrastructure; HP Inc. has more reliable near-term cash flow.
HPQ vs DELL is printing FCF and AI PC refresh versus AI server infrastructure and enterprise IT platform — Dell wins if AI server demand sustains and ISG margins hold; HP Inc. wins if AI PC commercial refresh drives incremental upgrade cycles while print supplies remain resilient.
Live analysis · updated 7/14/2026
DELL holds the edge across 3 of 5 key metrics in this comparison. DELL has delivered stronger 1-year price return (+267.34% vs -2.56%), though HPQ has the better forward P/E setup (8.05x vs 21.15x for DELL). Analyst consensus implies meaningfully more upside for DELL (+7.16%) than for HPQ (-5.40%).
Normalized 1Y performance
HPQ
DELL
Recent returns
HPQ
DELL
Analyst price targets & sentiment
HPQ
Price target range
analyst mean$22.91
current price$24.77
-5.4% upside to analyst mean
DELL · 23 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.8/5.0)
Price target range
analyst low$213.00
analyst high$700.00
analyst mean$487.26
current price$454.73
+7.2% upside to analyst mean
Who should consider this stock?
HPQ may suit investors who:
- →prefer stable FCF from print supplies with modest AI PC upside
- →value HP Inc.'s buyback program funded by consistent printing cash flows
- →want lower AI infrastructure exposure with less GPU server margin risk
- →prefer a simpler PC-and-print business over Dell's enterprise IT complexity
DELL may suit investors who:
- →want AI server demand exposure through Dell's enterprise relationships and ISG growth
- →value Dell's full-stack enterprise IT position across servers, storage, networking, and PCs
- →believe enterprise GenAI buildout sustains PowerEdge AI server revenue growth for multiple years
- →prefer a larger enterprise IT market exposure vs HP Inc.'s PC and printing concentration
Performance & AI score
| Metric | HPQ | DELL |
|---|---|---|
| AI score | 39.4 | 69.4 |
| AI rank | #1240 | #38 |
| Latest close | $24.77 | $454.73 |
| 1M return | -1.86% | +14.95% |
| 6M return | +15.37% | +280.28% |
| 1Y return | -2.56% | +267.34% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | HPQ | DELL |
|---|---|---|
| 1Y ago | $9.98K (-0.2%) started 2025-07-14 | $37.31K (+273.1%) started 2025-07-14 |
| 5Y ago | $11.19K (+11.9%) started 2021-07-14 | $116.48K (+1064.8%) started 2021-07-14 |
| 10Y ago | $32.52K (+225.2%) started 2016-07-14 | $456.93K (+4469.3%) started 2016-08-17 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | HPQ | DELL |
|---|---|---|
| Market cap | $22.15B | $293.82B |
| Trailing P/E | 8.97 | 36.20 |
| Forward P/E | 8.05 | 21.15 |
| Price/Sales | N/A | 2.19 |
| EV/Revenue | 0.51 | 2.22 |
| Analyst target | $22.91 | $487.26 |
| Target upside | -5.40% | +7.16% |
Growth, profitability & risk
| Metric | HPQ | DELL |
|---|---|---|
| Revenue growth | 9.00% | 87.50% |
| Earnings growth | 16.20% | 282.50% |
| EPS growth | +16.20% | +282.50% |
| FCF margin | +6.01% | +4.06% |
| Operating margin | 7.11% | N/A |
| Profit margin | 4.45% | 6.28% |
| ROIC proxy | N/A | N/A |
| Return on equity | N/A | N/A |
| Dividend yield | 4.97% | 0.58% |
| Beta | 1.21 | 1.38 |
| Debt/equity | N/A | N/A |
| Current ratio | 0.79 | 0.95 |
| Quick ratio | 0.44 | 0.61 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
HPQ max drawdown37.99%
DELL max drawdown32.34%
HPQ max wkly drop13.50%
DELL max wkly drop15.16%
5Y risk snapshot
HPQ max drawdown52.83%
DELL max drawdown59.59%
HPQ max wkly drop21.27%
DELL max wkly drop23.19%
10Y risk snapshot
HPQ max drawdown52.83%
DELL max drawdown59.59%
HPQ max wkly drop32.28%
DELL max wkly drop23.70%
Performance metrics by period
| Period | Metric | HPQ | DELL |
|---|---|---|---|
| 1Y | Growth | -0.24% | +267.34% |
| CAGR | -0.24% | +267.67% | |
| Sharpe ratio | 0.08 | 2.19 | |
| Max drawdown | 37.99% | 32.34% | |
| Max daily drop | 6.99% | 9.13% | |
| Max wkly drop | 13.50% | 15.16% | |
| 5Y | Growth | -1.93% | +955.67% |
| CAGR | -0.39% | +60.23% | |
| Sharpe ratio | 0.04 | 1.08 | |
| Max drawdown | 52.83% | 59.59% | |
| Max daily drop | 14.71% | 18.99% | |
| Max wkly drop | 21.27% | 23.19% | |
| 10Y | Growth | +136.84% | +4041.19% |
| CAGR | +9.01% | +45.63% | |
| Sharpe ratio | 0.29 | 0.97 | |
| Max drawdown | 52.83% | 59.59% | |
| Max daily drop | 17.27% | 21.64% | |
| Max wkly drop | 32.28% | 23.70% |
Business comparison
| Category | HPQ | DELL |
|---|---|---|
| Company | HP Inc. | Dell Technologies Inc. |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| Core business | PC hardware and printing company generating significant FCF from toner and ink supplies alongside commercial PC and workstation sales. | Enterprise IT infrastructure company with commercial PCs and workstations, PowerEdge servers (including AI GPU servers), PowerStore storage, and networking solutions. Dell's ISG (Infrastructure Solutions Group) is benefiting from AI server demand alongside its CSG (Client Solutions Group) PC business. |
| Investor focus | PC refresh cycle, AI PC commercial adoption, print supplies revenue, and capital return. | AI server revenue from GPU-configured PowerEdge systems, storage recovery, PC commercial refresh, and VMware ecosystem revenue post-spin. |
HPQ strengths
- →Strong print supplies recurring revenue provides FCF resilience independent of hardware sales cycles
- →Commercial PC brand strength in enterprise markets
- →AI PC refresh is a near-term demand catalyst
DELL strengths
- →Dell's direct enterprise sales model and massive enterprise customer relationships make it the preferred vendor for AI server procurement alongside Supermicro
- →ISG AI server backlog has grown explosively as enterprises build GenAI infrastructure — Dell's channel and direct relationships are a significant advantage
- →Dell spans PCs, servers, storage, and networking — a full-stack enterprise IT partner for large corporations
Risks to watch — HPQ
- →Secular printer volume decline is a long-term drag
- →PC market maturity limits organic growth
- →No material AI infrastructure server business to diversify from PC cyclicality
Risks to watch — DELL
- →AI GPU server margins are thinner than traditional server margins — Dell faces intense competition from Supermicro and ODMs on AI server pricing
- →VMware's acquisition by Broadcom creates uncertainty for Dell's historical partner relationship with the virtualization ecosystem
- →PC market softness and AI server gross margin pressure can compress ISG profitability unexpectedly
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