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Dell Technologies vs HP: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Dell Technologies carrying a narrow edge on growth. HP still has the edge on profitability, which keeps the comparison from looking entirely one-sided. On the market side, Dell Technologies is in better shape — its trend is intact while HP's trend has broken down. That puts structure and market broadly in agreement — Dell Technologies's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Growth still does most of the heavy lifting in this comparison.

INDUSTRY COMPARISON

Both operate in: Computer Hardware

This comparison is based on industry proximity, not on functional trajectory similarity. DELL and HPQ share the same industry classification.

For a similarity-based comparison, see how Dell Technologies and HP each position within their functional peer groups in AssetNext.

Peer-Relative Score
DELL
Dell Technologies Inc.
65
Peer-Score
Signal qualityMedium
vs
HPQ
HP Inc.
64
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in growth.

Dimension spread: DELL vs HPQ Profitability 52 73 Stability 40 41 Valuation 83 88 Growth 80 35 DELL HPQ
Gap Ranking
#1 Growth +45
#2 Profitability +21
#3 Valuation +5
#4 Stability +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for DELL and HPQ Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer DELLHPQ Relative valuation Structural strength

HP Inc. and Dell Technologies Inc. look relatively close on structure, but the price setup still leans toward HP Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Growth
On growth, Dell Technologies Inc. ranks near the top of the group; HP Inc. sits in the weaker half.
Profitability
On profitability, the same pattern holds: both rank well, but HP Inc. still sits higher.
Growth — Dominant Gap
DELL
80
HPQ
35
Gap+45in favour of DELL

Revenue growth reinforces the category-level growth lead.

What keeps the gap from being one-sided

Capital efficiency also runs the other way, with a 6.6-point ROIC edge acting as a real counterforce.

What this means for the comparison

The main read on growth is clearer than the broader score gap.

Explore full peer positioning in AssetNext

Break down the DELL vs HPQ comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how DELL and HPQ each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.