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.
DELL holds the edge across 4 of 5 key metrics in this comparison. DELL has delivered stronger 1-year price return (+208.00% vs +7.83%), though HPQ has the better forward P/E setup (9.62x vs 17.51x for DELL). DELL leads on both revenue growth (87.50%) and operating margin (8.86%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for DELL (+20.46%) than for HPQ (-1.77%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- 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
- 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
| Metric | HPQ | DELL |
|---|---|---|
| AI scorei | 48.9 | 91.0 |
| AI ranki | #521 | #4 |
| Latest closei | $30.85 | $473.39 |
| 1M returni | -8.78% | -12.90% |
| 3M returni | +27.80% | +20.95% |
| 6M returni | +56.44% | +145.17% |
| 1Y returni | +7.83% | +208.00% |
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 | $11.34K (+13.4%) started 2025-10-16 | $31.29K (+212.9%) started 2025-10-16 |
| 5Y ago | $13.74K (+37.4%) started 2021-10-18 | $100.98K (+909.8%) started 2021-10-18 |
| 10Y ago | $39.05K (+290.5%) started 2016-10-17 | $418.1K (+4081.0%) started 2016-10-17 |
Hypothetical — past performance does not guarantee future results.
| Metric | HPQ | DELL |
|---|---|---|
| Market capi | $27.23B | $298.3B |
| Trailing P/Ei | 11.53 | 36.82 |
| Forward P/Ei | 9.62 | 17.51 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 0.56 | 2.21 |
| Analyst targeti | $29.66 | $556.13 |
| Target upsidei | -1.77% | +20.46% |
| Metric | HPQ | DELL |
|---|---|---|
| Revenue growthi | 12.50% | 87.50% |
| Earnings growthi | -11.30% | 282.50% |
| EPS growthi | -11.30% | +282.50% |
| FCF margini | +5.73% | +4.06% |
| Operating margini | 5.40% | 8.86% |
| Profit margini | 4.14% | 6.28% |
| ROIC proxyi | N/A | N/A |
| Return on equityi | N/A | N/A |
| Dividend yieldi | 3.97% | 0.55% |
| Payout ratioi | 45.40% | 13.43% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 1.19 | 1.40 |
| Debt/equityi | N/A | N/A |
| Current ratioi | 0.79 | 0.95 |
| Quick ratioi | 0.44 | 0.61 |
Over the past year, HPQ and DELL have moved moderately in the same direction (correlation of 0.47), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | HPQ | DELL |
|---|---|---|---|
| 1Y | Growthi | +13.42% | +212.86% |
| CAGRi | +13.45% | +213.52% | |
| Volatilityi | 45.13% | 75.47% | |
| Sharpe ratioi | 0.40 | 1.82 | |
| Sortino ratioi | 0.65 | 3.41 | |
| Max drawdowni | 35.37% | 32.64% | |
| Current drawdowni | 13.05% | 19.55% | |
| Avg drawdowni | 17.95% | 11.52% | |
| Ulcer Indexi | 21.11% | 15.04% | |
| Max daily dropi | 6.99% | 11.27% | |
| Max wkly dropi | 13.50% | 19.22% | |
| 5Y | Growthi | +21.31% | +830.60% |
| CAGRi | +3.94% | +56.30% | |
| Volatilityi | 37.25% | 54.29% | |
| Sharpe ratioi | 0.17 | 1.01 | |
| Sortino ratioi | 0.25 | 1.65 | |
| Max drawdowni | 52.83% | 59.59% | |
| Current drawdowni | 20.04% | 19.55% | |
| Avg drawdowni | 22.73% | 20.12% | |
| Ulcer Indexi | 26.29% | 24.61% | |
| Max daily dropi | 14.71% | 18.99% | |
| Max wkly dropi | 21.27% | 23.19% | |
| 10Y | Growthi | +187.58% | +3753.22% |
| CAGRi | +11.15% | +44.09% | |
| Volatilityi | 35.97% | 45.70% | |
| Sharpe ratioi | 0.35 | 0.93 | |
| Sortino ratioi | 0.49 | 1.44 | |
| Max drawdowni | 52.83% | 59.59% | |
| Current drawdowni | 20.04% | 19.55% | |
| Avg drawdowni | 18.11% | 15.40% | |
| Ulcer Indexi | 22.36% | 20.87% | |
| Max daily dropi | 17.27% | 21.64% | |
| Max wkly dropi | 32.28% | 23.70% |
| Category | HPQ | DELL |
|---|---|---|
| Company | HP Inc. | Dell Technologies Inc. |
| Sector | Technology | Technology |
| Industry | Computer Hardware | Computer Hardware |
| 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. |
- 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'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
- 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
- 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
Compare more than two at a time
This page is a fixed writeup on HPQ and DELL. Our comparison engine is the interactive version: load up to five tickers, switch timeframes, and get the correlation, drawdown, and overlap analysis that a static page can't show.
Add three more names beside HPQ and DELL, mixing stocks and ETFs in the same table — useful when the real question is which of a whole peer group to own.
AI score, forward P/E, analyst target upside, operating margin, and revenue growth are scored head-to-head, with a running tally of which ticker leads on how many metrics.
Volatility, Sharpe and Sortino ratios, maximum, current, and average drawdown, Ulcer Index, and worst single-day and single-week drops across every timeframe.
Pairwise daily-return correlation for every combination, so you can see whether two holdings actually diversify each other or just move together.
A scatter plot of forward P/E against return on equity, plus drawdown and 30-day rolling volatility charts, to separate what is cheap from what is merely beaten down.
For ETFs, a top-holdings comparison that exposes hidden overlap between funds. Every comparison exports to CSV for your own spreadsheet work.
Two comparisons a week are free without an account. A 14-day trial removes the limit and adds AI price forecasts, stock rankings, saved watchlists, and the intrinsic value calculator — no credit card required.
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.
Full valuation workup with AI Score, Monte Carlo forecast, and bull/bear case — free preview, premium data from $3.99.