International Business Machines Corporation (IBM)

NYSE: IBM · Real-Time Price · USD

222.64

-2.98 (-1.32%)

At close: Oct 2, 2026, 4:00 PM EDT

222.50

-0.14 (-0.06%)

After-hours: Oct 2, 2026, 7:59 PM EDT

IBM Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 2, 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	209,757	276,878	203,265	149,341	127,382	119,866
Market Cap Growth	-21.40%	36.22%	36.11%	17.24%	6.27%	6.87%
Enterprise Value	266,897	328,677	249,771	196,963	171,710	170,918
Last Close Price	222.64	290.30	210.02	150.80	123.76	111.86

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 2, 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
PE Ratio	19.80	26.14	33.75	19.91	77.72	20.87
Forward PE	17.43	24.50	21.12	16.60	14.63	12.81
PS Ratio	3.04	4.10	3.24	2.41	2.10	2.09
PB Ratio	6.09	8.46	7.42	6.60	5.79	6.31
P/FCF Ratio	15.21	22.88	16.40	11.77	14.02	11.17
P/OCF Ratio	14.09	20.99	15.12	10.72	12.21	9.37
PEG Ratio	2.58	3.15	4.80	3.08	1.77	1.86

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 2, 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
EV/Sales Ratio	3.86	4.87	3.98	3.18	2.84	2.98
EV/EBITDA Ratio	16.20	20.32	19.38	16.07	15.94	15.11
EV/EBIT Ratio	20.92	26.04	25.52	20.91	22.83	30.61
EV/FCF Ratio	19.35	27.16	20.15	15.53	18.89	15.92

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 2, 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
Debt / Equity Ratio	1.89	1.97	2.13	2.65	2.45	2.90
Debt / EBITDA Ratio	3.67	3.70	4.11	4.42	4.49	4.33
Debt / FCF Ratio	4.73	5.34	4.71	4.72	5.94	5.14
Net Debt / Equity Ratio	1.65	1.53	1.60	2.06	2.06	2.52
Net Debt / EBITDA Ratio	3.47	3.10	3.40	3.79	4.20	4.24
Net Debt / FCF Ratio	4.14	4.15	3.53	3.67	4.98	4.46
Asset Turnover	0.46	0.47	0.46	0.47	0.47	0.40
Inventory Turnover	19.03	22.19	21.90	20.04	17.14	14.64
Quick Ratio	0.61	0.81	0.88	0.82	0.74	0.68
Current Ratio	0.79	0.96	1.04	0.96	0.92	0.88
Return on Equity (ROE)	34.46%	35.16%	24.06%	33.67%	8.69%	23.73%
Return on Assets (ROA)	5.30%	5.46%	4.49%	4.49%	3.63%	2.42%
Return on Invested Capital (ROIC)	13.96%	16.38%	13.95%	11.94%	11.21%	7.83%
Return on Capital Employed (ROCE)	11.00%	11.10%	9.40%	9.30%	7.90%	5.70%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 2, 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
Earnings Yield	5.11%	3.83%	2.96%	5.02%	1.29%	4.79%
FCF Yield	6.57%	4.37%	6.10%	8.49%	7.13%	8.96%
Dividend Yield	3.04%	2.31%	3.18%	4.40%	5.33%	5.86%
Payout Ratio	59.99%	59.05%	102.06%	80.51%	362.90%	102.19%
Buyback Yield / Dilution	-1.26%	-1.23%	-1.64%	-1.07%	-0.84%	-0.90%
Total Shareholder Return	1.78%	1.08%	1.54%	3.32%	4.48%	4.96%

SEC Filings: 10-K · 10-Q