International Business Machines Corporation

International Business Machines Corporation

IBM
International Business Machines CorporationUS flagNew York Stock Exchange
329.23
USD
+8.81
- -
309.44BMarket Cap
International Business Machines Corporation
IBM
(New York Stock Exchange)

Recent

price

329.23

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
78.71
89.32
90.04
89.87
92.4
83.52
83.65
84.84
87.27
65.05
61.98
64.01
67.05
67.89
68.08
72.44
73.71
Revenue per Share
11.69
13.25
14.53
15.06
11.97
13.48
12.43
6.17
9.57
10.63
6.28
6.41
1.82
8.23
6.53
11.36
11.5
Basic EPS, GAAP
11.66
12.68
13.01
12.19
12.63
13.39
13.54
13.88
12.37
13.37
16.81
11.19
9.38
13.3
12.76
12.29
13.11
Free Cash Flow per Basic Share
2.5
2.9
3.3
3.71
4.25
5
5.5
5.9
6.21
6.43
6.51
6.55
6.59
6.63
6.67
6.71
6.72
Dividend per Share
108.72
127.81
146.83
165.95
189.64
203.73
216.34
222.65
235.04
246.67
246.29
236.08
230.61
231.47
230.57
234.87
234.52
Book Value per Share
-4.3
-7.83
-12.3
-11.08
-21.55
-21.54
-23.55
-24.45
-24.59
-59.14
-52.54
-54.86
-49.97
-53.34
-47.7
-49.73
-60.2
Tangible Book Value per Share
1,269
1,197
1,142
1,094
1,004
979
955
933
912
887
890
896
903
911
922
932
935
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
262,317
276,157
226,616

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
1.75
1.99
-0.36
3.15
6.53
2025
1.14
2.36
1.87
5.98
11.36
2026
1.3
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.66
1.67
1.67
1.67
6.67
2025
1.67
1.68
1.68
1.68
6.71
2026
1.68
- -
- -
- -
- -
Business
International Business Machines Corporation (IBM) is a multinational technology company that provides enterprise hardware, software, cloud computing, artificial intelligence, cybersecurity, data analytics, and consulting services to businesses worldwide; its core offerings include the watsonx AI platform, hybrid cloud solutions via Red Hat, mainframe systems such as zSystems, Power servers, storage systems, enterprise software for automation and orchestration, and professional services encompassing business transformation, IT infrastructure modernization, and application management. Founded in 1911 as the Computing-Tabulating-Recording Company in Endicott, New York, and renamed IBM in 1924, the company is headquartered in Armonk, New York, with operations across more than 170 countries, research facilities on six continents, and a focus on industries including finance, healthcare, energy, and government. IBM serves large enterprises and public sector clients through its Partner Plus program, emphasizing AI-driven innovation, hybrid cloud management, and responsible technology deployment. In recent developments, IBM completed its acquisition of HashiCorp in February 2025 to enhance hybrid cloud automation and security, acquired Hakkoda Inc. to expand data expertise for AI transformations, acquired Prescinto for AI-powered renewable energy asset management, and announced intent to acquire DataStax to bolster watsonx data solutions; additionally, IBM strengthened its partnership with AWS in December 2025 to accelerate agentic AI adoption, continues investments via its $500 million IBM Ventures fund in AI and quantum startups such as Hugging Face and QEDMA, and unveiled advancements in agentic orchestration and infrastructure automation in October 2025.

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