International Business Machines Corporation (IBM)

NYSE: IBM · Real-Time Price · USD

256.28

-4.51 (-1.73%)

At close: Feb 19, 2026, 4:00 PM EST

256.89

+0.61 (0.24%)

After-hours: Feb 19, 2026, 7:48 PM EST

IBM Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	239,554	276,878	203,265	149,341	127,382	119,866
Market Cap Growth	-0.63%	36.22%	36.11%	17.24%	6.27%	6.87%
Enterprise Value	289,211	328,677	249,771	196,963	171,710	170,918
Last Close Price	260.79	294.53	213.08	153.00	125.56	113.49
PE Ratio	22.96	26.14	33.75	19.91	77.72	20.87
Forward PE	20.64	24.50	21.12	16.60	14.63	12.81
PS Ratio	3.54	4.10	3.24	2.41	2.10	2.09
PB Ratio	7.48	8.46	7.42	6.60	5.79	6.31
P/FCF Ratio	20.65	23.92	16.40	11.77	14.02	11.17
P/OCF Ratio	18.12	20.99	15.12	10.72	12.21	9.37
PEG Ratio	3.17	3.15	4.80	3.08	1.77	1.86
EV/Sales Ratio	4.28	4.87	3.98	3.18	2.84	2.98
EV/EBITDA Ratio	17.24	19.59	19.38	15.46	15.94	15.11
EV/EBIT Ratio	24.60	27.96	25.52	19.89	22.83	30.61
EV/FCF Ratio	24.98	28.39	20.15	15.53	18.89	15.92
Debt / Equity Ratio	1.97	1.97	2.13	2.65	2.45	2.90
Debt / EBITDA Ratio	3.57	3.57	4.11	4.27	4.49	4.33
Debt / FCF Ratio	5.58	5.58	4.71	4.72	5.94	5.14
Net Debt / Equity Ratio	1.53	1.53	1.60	2.06	2.06	2.52
Net Debt / EBITDA Ratio	2.99	2.99	3.40	3.65	4.20	4.24
Net Debt / FCF Ratio	4.34	4.34	3.53	3.67	4.98	4.46
Asset Turnover	0.47	0.47	0.46	0.47	0.47	0.40
Inventory Turnover	22.51	22.51	21.90	20.04	17.14	14.64
Quick Ratio	0.80	0.80	0.88	0.82	0.74	0.68
Current Ratio	0.96	0.96	1.04	0.96	0.92	0.88
Return on Equity (ROE)	35.16%	35.16%	24.06%	33.67%	8.69%	23.73%
Return on Assets (ROA)	5.08%	5.08%	4.49%	4.72%	3.63%	2.42%
Return on Invested Capital (ROIC)	14.46%	15.26%	13.95%	12.55%	11.21%	7.83%
Return on Capital Employed (ROCE)	10.40%	10.40%	9.40%	9.80%	7.90%	5.70%
Earnings Yield	4.43%	3.83%	2.96%	5.02%	1.29%	4.79%
FCF Yield	4.84%	4.18%	6.10%	8.49%	7.13%	8.96%
Dividend Yield	2.62%	2.28%	3.13%	4.33%	5.25%	5.77%
Payout Ratio	60.20%	59.05%	102.06%	80.51%	362.90%	102.19%
Buyback Yield / Dilution	-1.23%	-1.23%	-1.64%	-1.07%	-0.84%	-0.90%
Total Shareholder Return	1.40%	1.05%	1.49%	3.26%	4.41%	4.87%

Updated Jan 28, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q