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Dell Technologies vs Zepp Health: revenue, profit, margins and growth compared

Dell Technologies brought in $113.5B of revenue in fiscal 2026, Zepp Health $258.9M in fiscal 2025. Revenue changed by +18.8% at Dell Technologies and +41.8% at Zepp Health on the year before, so Zepp Health grew faster. Dell Technologies kept 5.2% of its revenue as net profit, Zepp Health -15.5%. Free cash flow was $8.6B at Dell Technologies and -$26.2M at Zepp Health.

Side by side, latest fiscal year

DELLZEPP
Fiscal year endedFY2026 (January 30, 2026)FY2025 (December 31, 2025)
Revenue$113.5B$258.9M
Revenue growth+18.8%+41.8%
Net income$5.9B-$40.1M
Net margin5.2%-15.5%
Free cash flow$8.6B-$26.2M
Free cash flow margin7.5%-10.1%
Earnings per share (diluted)$8.68-$0.16
Cash$11.5B$57M
Debt$31.5B$59.5M
Price to earnings64.8n/a
Market value$364.8B$60.7M
Dividend yield0.37%n/a
Rank by revenue in sector#6 of 530 · Technology#366 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: $113.5BZEPP FY2018: $530.2MZEPP FY2019: $834.9MZEPP FY2020: $986MZEPP FY2021: $980.8MZEPP FY2022: $613.6MZEPP FY2023: $352.9MZEPP FY2024: $182.6MZEPP FY2025: $258.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
DELL $113.5BZEPP $258.9M
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: $5.9BZEPP FY2018: $49.5MZEPP FY2019: $82.6MZEPP FY2020: $35.1MZEPP FY2021: $21.6MZEPP FY2022: -$43.2MZEPP FY2023: -$31MZEPP FY2024: -$75.7MZEPP FY2025: -$40.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
DELL $5.9BZEPP -$40.1M
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%ZEPP FY2018: 9.3%ZEPP FY2019: 9.9%ZEPP FY2020: 3.6%ZEPP FY2021: 2.2%ZEPP FY2022: -7.0%ZEPP FY2023: -8.8%ZEPP FY2024: -41.5%ZEPP FY2025: -15.5%FY18FY19FY20FY21FY22FY23FY24FY25FY26
DELL 5.2%ZEPP -15.5%
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%ZEPP FY2019: +57.5%ZEPP FY2020: +18.1%ZEPP FY2021: -0.5%ZEPP FY2022: -37.4%ZEPP FY2023: -42.5%ZEPP FY2024: -48.3%ZEPP FY2025: +41.8%FY19FY20FY21FY22FY23FY24FY25FY26
DELL +18.8%ZEPP +41.8%
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: $8.6BZEPP FY2018: $100.4MZEPP FY2019: $56.6MZEPP FY2020: $11.3MZEPP FY2021: -$43.7MZEPP FY2022: -$118.3MZEPP FY2023: $41MZEPP FY2024: -$25.8MZEPP FY2025: -$26.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
DELL $8.6BZEPP -$26.2M

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

Questions about Dell Technologies and Zepp Health

Which is bigger by revenue, Dell Technologies or Zepp Health?

Dell Technologies is bigger by revenue: $113.5B in fiscal 2026, against $258.9M for Zepp Health in fiscal 2025.

Which keeps more of its revenue as profit, Dell Technologies or Zepp Health?

Dell Technologies had a net margin of 5.2% in fiscal 2026; Zepp Health had -15.5% in fiscal 2025.

Which grew revenue faster, Dell Technologies or Zepp Health?

In their latest fiscal years revenue changed by +18.8% at Dell Technologies and +41.8% at Zepp Health.

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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