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Dell Technologies vs Tigo Energy: revenue, profit, margins and growth compared

Dell Technologies brought in $113.5B of revenue in fiscal 2026, Tigo Energy $103.5B in fiscal 2025. Revenue changed by +18.8% at Dell Technologies and +91.7% at Tigo Energy on the year before, so Tigo Energy grew faster. Dell Technologies kept 5.2% of its revenue as net profit, Tigo Energy -0.0%. Free cash flow was $8.6B at Dell Technologies and $9.7M at Tigo Energy.

Side by side, latest fiscal year

DELLTYGO
Fiscal year endedFY2026 (January 30, 2026)FY2025 (December 31, 2025)
Revenue$113.5B$103.5B
Revenue growth+18.8%+91.7%
Net income$5.9B-$1.9M
Net margin5.2%-0.0%
Free cash flow$8.6B$9.7M
Free cash flow margin7.5%0.0%
Earnings per share (diluted)$8.68-$0.03
Cash$11.5B$7.7M
Debt$31.5B$0
Price to earnings64.8n/a
Market value$364.8B$66M
Dividend yield0.37%n/a
Rank by revenue in sector#6 of 530 · Technology#7 of 530 · Technology

Over the years

Revenue
DELL FY2019: $90.6BDELL FY2020: $84.8BDELL FY2021: $86.7BDELL FY2022: $101.2BDELL FY2023: $102.3BDELL FY2024: $88.4BDELL FY2025: $95.6BDELL FY2026: $113.5BTYGO FY2022: $81.3BTYGO FY2023: $145.2BTYGO FY2024: $54BTYGO FY2025: $103.5BFY19FY20FY21FY22FY23FY24FY25FY26
DELL $113.5BTYGO $103.5B
Net income
DELL FY2019: -$2.3BDELL FY2020: $4.6BDELL FY2021: $3.3BDELL FY2022: $5.6BDELL FY2023: $2.4BDELL FY2024: $3.4BDELL FY2025: $4.6BDELL FY2026: $5.9BTYGO FY2021: -$2KTYGO FY2021: -$402.5KTYGO FY2022: -$7MTYGO FY2023: -$984KTYGO FY2024: -$62.7MTYGO FY2025: -$1.9MFY19FY20FY21FY22FY23FY24FY25FY26
DELL $5.9BTYGO -$1.9M
Net margin
DELL FY2019: -2.5%DELL FY2020: 5.4%DELL FY2021: 3.7%DELL FY2022: 5.5%DELL FY2023: 2.4%DELL FY2024: 3.8%DELL FY2025: 4.8%DELL FY2026: 5.2%TYGO FY2022: -0.0%TYGO FY2023: -0.0%TYGO FY2024: -0.1%TYGO FY2025: -0.0%FY19FY20FY21FY22FY23FY24FY25FY26
DELL 5.2%TYGO -0.0%
Revenue growth
DELL FY2020: -6.4%DELL FY2021: +2.2%DELL FY2022: +16.8%DELL FY2023: +1.1%DELL FY2024: -13.6%DELL FY2025: +8.1%DELL FY2026: +18.8%TYGO FY2023: +78.6%TYGO FY2024: -62.8%TYGO FY2025: +91.7%FY20FY21FY22FY23FY24FY25FY26
DELL +18.8%TYGO +91.7%
Free cash flow
DELL FY2019: $5.5BDELL FY2020: $6.7BDELL FY2021: $9.3BDELL FY2022: $7.5BDELL FY2023: $562MDELL FY2024: $5.9BDELL FY2025: $1.9BDELL FY2026: $8.6BTYGO FY2022: -$17.6MTYGO FY2023: -$39.3MTYGO FY2024: -$13.6MTYGO FY2025: $9.7MFY19FY20FY21FY22FY23FY24FY25FY26
DELL $8.6BTYGO $9.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Dell Technologies and Tigo Energy

Which is bigger by revenue, Dell Technologies or Tigo Energy?

Dell Technologies is bigger by revenue: $113.5B in fiscal 2026, against $103.5B for Tigo Energy in fiscal 2025.

Which keeps more of its revenue as profit, Dell Technologies or Tigo Energy?

Dell Technologies had a net margin of 5.2% in fiscal 2026; Tigo Energy had -0.0% in fiscal 2025.

Which grew revenue faster, Dell Technologies or Tigo Energy?

In their latest fiscal years revenue changed by +18.8% at Dell Technologies and +91.7% at Tigo Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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