International Business Machines Corporation
IBMNYSE
$252.09
Last price · USD
- Market cap
- $239.2B
- P/E
- 22.6x
- EV / EBITDA
- 16.9x
- P/S
- 3.5x
- FCF yield
- 5.1%
- Div. yield
- 2.62%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Revenue
$67.54B
+7.6%
4Y CAGR +4.2%
Gross profit
$39.30B
+10.5%
4Y CAGR +5.7%
Operating income
$12.49B
+24.0%
4Y CAGR +16.1%
Net income
$10.59B
+75.9%
4Y CAGR +16.5%
EPS (diluted)
$11.17
+73.7%
4Y CAGR +15.2%
Free cash flow
$12.10B
+2.9%
4Y CAGR +4.8%
Revenue & net income
Fiscal 2021–2025 · USD
RevenueNet income
Valuation
At $252.09 · FY2025 fundamentals
- Market cap
- $239.2B
- Enterprise value
- $292.7B
- P/E
- 22.6x
- P/S
- 3.5x
- P/B
- 7.3x
- EV / EBITDA
- 16.9x
- EV / Sales
- 4.3x
- Earnings yield
- 4.4%
- FCF yield
- 5.1%
- Shareholder yield
- 2.6%
Profitability
Margins as a share of revenue
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Gross margin | 58.2%+3.3pp | 54.9% | |
| Operating margin | 18.5%+6.5pp | 12.0% | |
| EBITDA margin | 25.6%+4.0pp | 21.6% | |
| Net margin | 15.7%+5.7pp | 10.0% | |
| FCF margin | 17.9%+0.4pp | 17.5% |
Returns & financial health
FY2025 with 4-year trend
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Return on equity | 32.4% | 30.4% | |
| Return on invested capital | 14.5% | 9.9% | |
| Return on assets | 7.0% | 4.3% | |
| Debt / equity | 2.06x | 2.92x | |
| Net debt / EBITDA | 3.10x | 3.91x | |
| Current ratio | 0.93x | 0.88x |
Cash & equivalents
$13.64B
Total debt
$67.15B
Capital allocation
How IBM used its cash in FY2025
- Operating cash flow
- $13.19B
- Capital expenditure
- $1.09B
- Dividends paid
- $6.25B
- Share repurchases
- $0.00
- Stock-based compensation
- $1.72B
- Diluted shares
- 948.7M
- Share count change (4Y)
- +4.9%
Analyst estimates
Consensus for upcoming fiscal years
| Fiscal year | Revenue | Growth | EPS | Growth |
|---|---|---|---|---|
| FY2025 actual | $67.54B | $11.17 | ||
| FY2026E13 analysts | $70.55B | +4.5% | $12.39 | +10.9% |
| FY2027E14 analysts | $73.20B | +3.8% | $13.23 | +6.8% |
| FY2028E7 analysts | $77.22B | +5.5% | $14.48 | +9.4% |
About International Business Machines Corporation
Technology · Information Technology Services
International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing. The Software division provides hybrid cloud platforms and a range of software offerings, including Red Hat's enterprise open-source solutions.
ibm.com- Sector
- Technology
- Industry
- Information Technology Services
- CEO
- Arvind Krishna
- Employees
- 264,300
- Headquarters
- Armonk, NY, US
- IPO date
- 1915-09-24
International Business Machines Corporation (IBM) — frequently asked questions
Answered from the company's SEC filings
International Business Machines Corporation (IBM) delivers comprehensive technology solutions and services across the globe. The company's operations are structured into four primary segments: Software, Consulting, Infrastructure, and Financing.
Explore the full income statement, balance sheet and cash flow statement. Not investment advice.