International Business Machines Corporation

International Business Machines Corporation

IBM.NE
International Business Machines CorporationCN flagCBOE CA
45.50
CAD
-3.33
- -
378.64BMarket Cap
International Business Machines Corporation
IBM.NE
(CBOE CA)

Recent

price

45.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
8.84
10.03
10.11
10.1
10.38
9.38
9.4
9.53
9.8
7.31
6.96
7.19
7.53
7.63
7.65
8.14
8.28
Revenue per Share
1.31
1.49
1.63
1.69
1.34
1.51
1.4
0.69
1.07
1.19
0.71
0.72
0.2
0.92
0.73
1.28
1.29
Basic EPS, GAAP
1.31
1.42
1.46
1.37
1.42
1.5
1.52
1.56
1.39
1.5
1.89
1.26
1.05
1.49
1.43
1.38
1.47
Free Cash Flow per Basic Share
0.28
0.33
0.37
0.42
0.48
0.56
0.62
0.66
0.7
0.72
0.73
0.74
0.74
0.74
0.75
0.75
0.75
Dividend per Share
12.21
14.36
16.49
18.64
21.3
22.88
24.3
25.01
26.4
27.71
27.66
26.52
25.9
26
25.9
26.38
26.34
Book Value per Share
-0.48
-0.88
-1.38
-1.24
-2.42
-2.42
-2.64
-2.75
-2.76
-6.64
-5.9
-6.16
-5.61
-5.99
-5.36
-5.59
-6.76
Tangible Book Value per Share
11,296
10,657
10,171
9,744
8,941
8,713
8,506
8,305
8,119
7,899
7,926
7,977
8,037
8,112
8,207
8,300
8,323
Basic Weighted Avg Shares
99,871
106,916
102,874
98,368
92,793
81,742
79,920
79,139
79,591
57,714
55,179
57,351
60,530
61,860
62,753
67,536
68,912
Sales/Revenue/Turnover
20.01
20.5
22.35
21.86
21.92
20.2
18.36
16.6
16.61
13.06
8.45
11.97
13.5
15.17
16.05
18.5
18.79
Operating Margin (%)
4,831
4,815
4,676
4,678
4,492
3,855
4,381
4,541
4,480
6,059
6,695
6,417
4,802
4,396
4,667
5,021
5,118
Depreciation Expense
14,833
15,855
16,604
16,483
12,022
13,190
11,872
5,753
8,728
9,431
5,590
5,742
1,640
7,502
6,023
10,593
10,754
Net Income, GAAP
24.79
24.51
24.58
16.61
21.18
16.19
3.64
49.49
23.09
0.83
- -
2.56
- -
13.53
- -
- -
56.19
Effective Tax Rate (%)
14.85
14.83
16.14
16.76
12.96
16.14
14.85
7.27
10.97
16.34
10.13
10.01
2.71
12.13
9.6
15.68
15.61
Profit Margin (%)
7,554
8,805
5,808
11,196
7,796
8,235
7,613
12,372
10,919
719
-704
-4,080
-2,387
-1,214
1,340
-1,714
-8,187
Working Capital
21,846
22,857
24,088
32,856
34,991
33,428
34,655
39,837
35,605
57,981
56,937
47,379
48,379
52,689
52,539
57,383
60,349
LT Debt
23,172
20,235
18,984
22,929
12,014
14,424
18,392
17,725
16,930
20,985
20,726
18,996
22,021
22,613
27,393
32,741
33,055
Total Equity
27.8
30.01
31.08
28.93
25.76
24.21
23.51
10.06
15.18
9.51
- -
8.11
- -
9.98
- -
- -
10.62
Return on Invested Capital (%)
9.57
9.21
8.79
7.96
5.48
5.77
5.11
2.41
3.61
3.93
- -
2.49
- -
3.34
- -
- -
8.82
Return on Capital (%)
11.38
10.9
10.35
9.44
6.46
6.77
5.85
2.78
4.14
4.35
2.55
2.67
0.78
3.58
2.84
4.91
4.98
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8,749
7,224
9,453
LT Borrowings
55,174
54,836
57,706
LT Finance Leases
2,646
2,547
2,643
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
935
937
940
Market Capitalization
252,624
267,816
214,643

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
32,740
36,944
31,914
Cash, Cash Equivalents & STI
14,855
14,417
11,783
Accounts Receivable, Net
5,532
8,112
6,493
Inventories
1,397
1,220
1,476
Total Current Liabilities
35,142
38,658
40,101
Payables & Accruals
9,007
11,219
9,674
ST Debt
8,749
7,224
9,453
Deferred Revenue
13,878
16,101
17,034

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.3%
10.18%
19.52%
Free Cash Flow
0.63%
-2.19%
-2.59%
Net Income, GAAP
30.24%
68.98%
75.88%
Sales/Revenue/Turnover
-1.38%
4.15%
7.62%
Total Cash Common Dividend
2.5%
1.53%
1.76%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,461
15,769
14,967
17,553
62,753
2025
14,541
16,977
16,331
19,687
67,536
2026
15,917
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.22
-0.04
0.35
0.73
2025
0.13
0.26
0.21
0.67
1.28
2026
0.15
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
0.19
0.19
0.19
0.75
2025
0.19
0.19
0.19
0.19
0.75
2026
0.19
- -
- -
- -
- -
Business
International Business Machines Corporation (IBM) provides hybrid cloud and artificial intelligence (AI) solutions; consulting services; and infrastructure systems to enterprises worldwide. Founded in 1911 and headquartered in Armonk, New York, the company operates in over 170 countries through four main segments: Software, which offers hybrid cloud platforms, watsonx.ai for generative AI, data and analytics tools including watsonx.data, and cybersecurity solutions; Consulting, delivering technology advisory, digital transformation, and application management services; Infrastructure, encompassing mainframes such as IBM Z, Power Systems including the new Power11 chips and LinuxONE 5 with Telum II AI processors and Spyre Accelerator, storage, and networking; and Financing, providing leasing and loan options for IBM products. IBM's product portfolio also includes Red Hat open hybrid cloud technologies acquired in 2019, IT automation tools, and services in Internet of Things, mobile, digital workplace, and quantum-safe encryption. In recent developments, IBM completed its $6.4 billion acquisition of HashiCorp in February 2025 to enhance multi-cloud infrastructure automation and security for hybrid cloud and generative AI applications; acquired Seek AI in June 2025 to bolster natural language data analysis within watsonx; and announced intent to acquire DataStax to advance AI capabilities for unstructured data management, alongside launches of Power11 chips in July 2025 for energy-efficient AI inference, LinuxONE 5, and watsonx expansions for enterprise AI integration.