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Dell Technologies vs IBM: which stock is doing better?

Dell Technologies and IBM are business rivals. Where they compete: enterprise infrastructure servers, storage, and IT services. Here is how the two stocks, and the businesses behind them, compare over the past year.

Updated Oct 9, 2026

93
DELL P3

DELL ahead

On Stox’s P3 score, which combines market beat, staying power and business growth, Dell Technologies rates 93 and IBM 20. Over the past year Dell Technologies is +256% and IBM −22%, against +16% for the S&P 500. Dell Technologies has grown revenue faster, +19% against +10%. IBM swings less, about 3.5% on a typical day against 5.3%. By type, Dell Technologies is a Bellwether and IBM a Falling Knife.

DELL P3 93IBM P3 201Y: DELL +256%, IBM −22%

The past year

DELL against IBM, each set to $100 a year ago. Select a measure in the table below to chart it for both.

DELL against IBM, past year
$100 a year ago. DELL +256%, IBM −22%.
100200300400NovDecJanFebMarAprMayJunJulAugSepOct
DELLIBM

DELL and IBM side by side

Ahead marks the stronger reading on each line; for the typical day and the deepest fall it marks the steadier stock. Select a row with a chart to see both over the year.

MeasureDELLIBMAhead
Past 3 months
Share price change
+37%−22%DELL
Past month
Share price change
+16%−3%DELL
Revenue growth
Past four quarters against the year before
+19%+10%DELL
Operating margin
Operating profit as a share of revenue, past four quarters
7%16%IBM
Deepest fall
From a high, past year
−33%−38%DELL, held up
Market value
What the market values the company at
$389.4B$214.0B
Type
Its Stox Atlas type
BellwetherFalling Knife
Group
Stocks it moves with
Semis & hardwareIT services

How to read this page

How it’s measured. Scores from Stox rank each stock against about 1,200 large US stocks and funds, where 100 is best; P3 combines market beat, staying power and business growth. Returns are share-price changes. The typical day is the average true range over 14 days as a share of the price, averaged over the past year.

Sources. Daily prices and company financial statements from Financial Modeling Prep; scores and curated rivals from Stox.

A higher score describes a stronger past year, not what comes next.

Rivals are chosen by the markets the two businesses compete in, not by sector labels.

For financial statements, valuation and news, see DELL and IBM on Stox.

This page is information, not investment advice. About our data and methods ›

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