International Business Machines Corporation (IBM)

IBM Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	285,272	276,878	203,265	149,341	127,382	119,866
Market Cap Growth	41.91%	36.22%	36.11%	17.24%	6.27%	6.87%
Enterprise Value	335,415	328,677	249,771	196,963	171,710	170,918
Last Close Price	309.24	296.21	214.29	153.87	126.28	114.14
PE Ratio	27.34	26.14	33.75	19.91	77.72	20.87
Forward PE	24.61	24.50	21.12	16.60	14.63	12.81
PS Ratio	4.27	4.10	3.24	2.41	2.10	2.09
PB Ratio	8.87	8.46	7.42	6.60	5.79	6.31
P/FCF Ratio	24.64	23.92	16.40	11.77	14.02	11.17
P/OCF Ratio	21.62	20.99	15.12	10.72	12.21	9.37
PEG Ratio	3.34	3.15	4.80	3.08	1.77	1.86
EV/Sales Ratio	4.97	4.87	3.98	3.18	2.84	2.98
EV/EBITDA Ratio	19.99	19.59	19.38	15.46	15.94	15.11
EV/EBIT Ratio	28.53	27.96	25.52	19.89	22.83	30.61
EV/FCF Ratio	28.98	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
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	3.71%	3.83%	2.96%	5.02%	1.29%	4.79%
FCF Yield	4.06%	4.18%	6.10%	8.49%	7.13%	8.96%
Dividend Yield	2.20%	2.27%	3.11%	4.31%	5.22%	5.74%
Payout Ratio	60.11%	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	0.97%	1.03%	1.48%	3.23%	4.38%	4.84%

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

SEC Filings: 10-K · 10-Q