International Business Machines Corporation (IBM)

IBM Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov 5, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	284,309	203,265	149,341	127,382	119,866	112,166
Market Cap Growth	32.92%	36.11%	17.24%	6.27%	6.87%	-5.51%
Enterprise Value	332,817	249,771	196,963	171,710	170,918	167,084
Last Close Price	300.85	215.47	154.72	126.97	114.77	98.29
PE Ratio	36.39	33.75	19.91	77.72	20.87	20.07
Forward PE	25.22	21.12	16.60	14.63	12.81	14.22
PS Ratio	4.28	3.24	2.41	2.10	2.09	2.03
PB Ratio	10.08	7.42	6.60	5.79	6.31	5.41
P/FCF Ratio	22.54	16.40	11.77	14.02	11.17	7.20
P/OCF Ratio	20.85	15.12	10.72	12.21	9.37	6.16
PEG Ratio	3.66	4.80	3.08	1.77	1.86	7.57
EV/Sales Ratio	5.09	3.98	3.18	2.84	2.98	3.03
EV/EBITDA Ratio	18.73	19.38	15.46	15.94	15.11	14.71
EV/EBIT Ratio	23.34	25.52	19.89	22.83	30.61	35.84
EV/FCF Ratio	26.69	20.15	15.53	18.89	15.92	10.73
Debt / Equity Ratio	2.38	2.13	2.65	2.45	2.90	3.14
Debt / EBITDA Ratio	3.49	4.11	4.27	4.49	4.33	5.05
Debt / FCF Ratio	5.34	4.71	4.72	5.94	5.14	4.18
Asset Turnover	0.47	0.46	0.47	0.47	0.40	0.36
Inventory Turnover	19.68	21.90	20.04	17.14	14.64	13.84
Quick Ratio	0.78	0.88	0.82	0.74	0.68	0.78
Current Ratio	0.93	1.04	0.96	0.92	0.88	0.98
Return on Equity (ROE)	30.16%	24.06%	33.67%	8.69%	23.73%	18.85%
Return on Assets (ROA)	6.35%	4.49%	4.72%	3.63%	2.42%	1.89%
Return on Capital (ROIC)	9.95%	7.27%	7.81%	6.26%	4.36%	3.33%
Return on Capital Employed (ROCE)	12.80%	9.40%	9.80%	7.90%	5.70%	4.00%
Earnings Yield	2.81%	2.96%	5.02%	1.29%	4.79%	4.98%
FCF Yield	4.44%	6.10%	8.49%	7.13%	8.96%	13.89%
Dividend Yield	2.21%	3.09%	4.29%	5.19%	5.71%	6.62%
Payout Ratio	80.26%	102.06%	80.51%	362.90%	102.19%	103.70%
Buyback Yield / Dilution	-1.37%	-1.64%	-1.07%	-0.84%	-0.90%	-0.42%
Total Shareholder Return	0.87%	1.46%	3.21%	4.35%	4.81%	6.20%

Updated Oct 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q