← INTERNATIONAL BUSINESS MACHINES CORP IBM
Market Price
$234.43
Market Cap
$222.72B
P/E Ratio
20.99
Revenue (FY 2025)
↑7.6% YoY
$67.53B
3-Yr CAGR: 3.7%
Net Income
↑75.9% YoY
$10.59B
Net Margin: 15.7%
Free Cash Flow
↓-2.4% YoY
$12.10B
FCF Yield: 5.43%
EPS (Diluted)
↑73.7% YoY
$11.17
Basic: $11.36
Return on Equity
Efficiency
32.4%
ROA: 7.0%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (IBM)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $79,919.0M | — | $38,294.0M | $11,872.0M | — | $11.32 | — | $16,958.0M | $13,391.0M | — |
| FY 2017 | $79,139.0M | -1.0% | $36,227.0M | $5,753.0M | -51.5% | $5.61 | -50.4% | $16,724.0M | $13,495.0M | +0.8% |
| FY 2018 | $79,591.0M | +0.6% | $36,936.0M | $8,728.0M | +51.7% | $8.70 | +55.0% | $15,247.0M | $11,852.0M | -12.2% |
| FY 2019 | $77,147.0M | -3.1% | $36,488.0M | $9,431.0M | +8.1% | $9.65 | +10.9% | $14,770.0M | $12,484.0M | +5.3% |
| FY 2020 | $73,620.0M | -4.6% | $35,575.0M | $5,590.0M | -40.7% | $5.69 | -41.0% | $18,197.0M | $15,579.0M | +24.8% |
| FY 2021 | $57,350.0M | -22.1% | $31,486.0M | $5,743.0M | +2.7% | $6.35 | +11.5% | $12,796.0M | $10,734.0M | -31.1% |
| FY 2022 | $60,530.0M | +5.5% | $32,687.0M | $1,639.0M | -71.5% | $1.80 | -71.7% | $10,435.0M | $9,089.0M | -15.3% |
| FY 2023 | $61,860.0M | +2.2% | $34,300.0M | $7,502.0M | +357.7% | $8.14 | +352.2% | $13,931.0M | $12,686.0M | +39.6% |
| FY 2024 | $62,753.0M | +1.4% | $35,551.0M | $6,023.0M | -19.7% | $6.43 | -21.0% | $13,445.0M | $12,397.0M | -2.3% |
| FY 2025 | $67,535.0M | +7.6% | $39,297.0M | $10,593.0M | +75.9% | $11.17 | +73.7% | $13,193.0M | $12,102.0M | -2.4% |
Valuation
Market Price
$234.43
Market Cap
$222.72B
Enterprise Value
$270.39B
P/E Ratio
20.99
P/B Ratio
6.75
FCF Yield
5.43%
Dividend Yield
N/A
Shares Outstanding
Profitability & Margins
Gross Margin
58.19%
Operating Margin
0.33%
Net Margin
15.69%
Return on Equity (ROE)
32.45%
Return on Assets (ROA)
6.97%
Asset Turnover
0.44x
Revenue 3-Yr CAGR
3.72%
Financial Health & Liquidity
Current Ratio
0.07
Cash Ratio
0.35
Debt / Equity
1.876
Debt / Assets
0.403
Cash & Equivalents
$13.59B
Total Debt
$61.26B
Book Value / Share
$34.74
Cash Flow Efficiency
Operating Cash Flow
$13.19B
Capital Expenditures (CapEx)
$1.09B
Free Cash Flow
$12.10B
OCF / Revenue
19.54%
FCF / Revenue
17.92%
FCF 3-Yr CAGR
10.01%
Per Share Metrics
EPS (Diluted)
$11.17
EPS (Basic)
$11.36
Dividends / Share
N/A
Book Value / Share
$34.74
EPS YoY Growth
73.72%
Balance Sheet (FY 2025)
Total Assets
$151.88B
Total Liabilities
$119.14B
Stockholders' Equity
$32.65B
Current Assets
$2.53B
Current Liabilities
$38.66B