International Business Machines Corporation (IBM)

NYSE: IBM · Real-Time Price · USD

251.60

-4.51 (-1.76%)

At close: Mar 18, 2026, 4:00 PM EDT

249.69

-1.91 (-0.76%)

Pre-market: Mar 19, 2026, 7:24 AM EDT

IBM Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Current	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Period Ending	Mar '26 Mar 18, 2026	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021
Market Cap	236,009	277,535	263,745	274,593	231,104	203,626	204,421	159,313	175,416	149,650	128,111	121,902	119,154	127,659	107,419	127,520	116,945	120,157	119,005	125,503
Market Cap Growth	2.12%	36.30%	29.02%	72.36%	31.75%	36.07%	59.57%	30.69%	47.22%	17.23%	19.26%	-4.41%	1.89%	6.24%	-9.74%	1.61%	2.82%	11.95%	14.93%	22.15%
Enterprise Value	286,199	327,018	314,737	326,124	279,748	246,749	250,137	204,776	218,460	195,404	174,926	165,136	162,635	172,137	150,903	172,520	163,116	167,168	168,772	176,133
Last Close Price	251.60	296.21	282.16	294.78	248.66	219.83	221.08	172.95	190.96	163.55	140.30	133.81	131.09	140.89	118.81	141.19	130.02	133.66	132.70	140.02
PE Ratio	22.59	26.52	33.75	47.70	42.65	34.19	32.09	19.07	21.63	20.09	18.63	62.24	66.88	78.27	92.10	23.18	21.53	25.65	24.99	23.53
Forward PE	20.34	24.50	24.17	26.39	23.20	21.12	21.86	17.65	18.91	16.60	14.53	13.92	13.70	14.63	12.09	13.87	12.97	12.81	12.03	12.96
PEG Ratio	3.71	3.15	3.38	3.82	3.10	4.80	4.40	3.84	3.73	3.08	2.81	2.12	3.35	1.77	1.35	1.07	0.78	1.86	1.07	1.17
PS Ratio	3.49	4.11	4.03	4.29	3.68	3.24	3.27	2.55	2.83	2.42	2.09	2.01	1.97	2.11	2.28	2.76	2.60	2.10	1.95	1.92
PB Ratio	7.22	8.50	9.45	9.98	8.60	7.46	8.36	6.63	7.54	6.64	5.55	5.49	5.52	5.82	5.35	6.57	6.14	6.36	5.35	5.72
P/TBV Ratio	7.31	8.64	9.60	10.16	8.74	7.59	8.35	6.73	7.66	6.73	5.62	5.54	5.57	5.82	5.35	6.63	6.21	6.41	5.41	5.77
P/FCF Ratio	19.50	25.57	23.24	23.64	19.47	17.44	17.13	13.26	13.66	12.08	11.06	11.73	13.10	14.86	15.07	16.57	13.32	11.74	9.12	8.69
P/OCF Ratio	17.89	21.04	19.56	20.67	16.93	15.15	15.06	11.58	12.25	10.74	9.54	9.93	10.87	12.23	11.92	12.98	10.51	9.39	7.39	7.10
EV/Sales Ratio	4.24	4.84	4.81	5.09	4.45	3.93	4.00	3.28	3.52	3.16	2.86	2.73	2.68	2.84	3.20	3.73	3.63	2.91	2.77	2.70
EV/EBITDA Ratio	17.76	15.44	15.80	19.63	17.55	15.63	15.30	11.68	13.63	12.30	11.48	18.72	18.95	20.81	23.23	14.00	13.67	12.11	13.13	12.67
EV/EBIT Ratio	22.77	26.66	27.68	40.38	36.73	32.86	31.50	19.32	21.05	18.98	17.92	50.53	56.79	72.60	2958.89	32.19	35.98	27.90	38.15	32.20
EV/FCF Ratio	23.65	30.13	27.73	28.07	23.56	21.13	20.96	17.05	17.01	15.78	15.11	15.90	17.88	20.04	21.17	22.41	18.58	16.33	12.94	12.19
Debt / Equity Ratio	1.95	1.95	2.35	2.42	2.45	2.10	2.42	2.45	2.66	2.61	2.49	2.67	2.81	2.41	2.63	2.70	2.96	2.85	2.58	2.65
Debt / EBITDA Ratio	3.05	8.96	12.09	11.94	23.96	9.81	27.39	11.97	23.85	9.20	17.33	17.23	24.67	9.21	-17.69	16.35	26.28	13.50	21.16	20.81
Debt / FCF Ratio	5.95	20.79	27.43	56.86	16.20	16.20	22.31	41.38	16.00	15.52	21.09	26.52	17.75	17.67	33.98	54.35	19.40	34.59	27.37	28.95
Net Debt / Equity Ratio	1.54	1.54	1.85	1.90	1.84	1.60	1.90	1.92	1.88	2.06	2.06	1.98	2.05	2.06	2.20	2.36	2.47	2.53	2.29	2.36
Net Debt / EBITDA Ratio	2.37	6.96	9.39	9.22	17.70	7.36	21.15	9.23	16.60	7.14	14.08	12.57	17.71	7.72	-14.54	14.03	21.49	11.72	18.27	18.04
Net Debt / FCF Ratio	4.63	16.15	21.31	43.89	11.97	12.15	17.23	31.91	11.14	12.04	17.13	19.35	12.75	14.82	27.94	46.66	15.86	30.04	23.63	25.10
Asset Turnover	0.14	0.14	0.12	0.12	0.10	0.13	0.11	0.12	0.11	0.13	0.12	0.12	0.11	0.13	0.10	0.11	0.10	0.02	0.09	0.09
Inventory Turnover	27.64	7.59	5.04	5.63	4.93	6.71	4.73	4.99	4.77	5.24	4.21	4.38	3.99	5.43	3.62	4.15	3.81	-1.99	3.20	3.46
Quick Ratio	0.67	0.67	0.78	0.77	0.85	0.74	0.89	0.88	0.97	0.82	0.74	0.90	0.99	0.76	0.74	0.68	0.72	0.68	0.43	0.43
Current Ratio	0.96	0.96	0.93	0.91	1.01	1.04	1.06	1.12	1.13	0.96	0.91	1.06	1.16	0.92	0.95	0.88	0.92	0.88	0.84	0.84
Return on Equity (ROE)	18.56%	18.56%	6.64%	8.49%	4.19%	11.71%	-1.33%	7.89%	7.00%	14.72%	7.92%	7.57%	4.58%	13.99%	-15.12%	7.05%	3.26%	6.55%	4.75%	3.79%
Return on Assets (ROA)	4.31%	4.31%	1.49%	1.86%	1.04%	2.42%	-0.11%	1.64%	1.63%	2.77%	1.64%	1.47%	0.94%	2.42%	-2.22%	1.25%	0.70%	1.11%	0.94%	0.70%
Return on Invested Capital (ROIC)	5.11%	5.11%	1.76%	2.19%	1.27%	2.88%	-0.13%	1.96%	2.00%	3.23%	1.89%	1.73%	1.11%	2.75%	-2.53%	1.41%	0.81%	1.27%	1.09%	0.81%
Return on Capital Employed (ROCE)	4.25%	4.25%	2.70%	2.89%	1.50%	3.64%	-0.37%	2.60%	1.45%	4.23%	2.35%	2.48%	1.41%	3.73%	-4.13%	1.96%	0.88%	1.22%	0.98%	1.06%
Earnings Yield	4.49%	3.77%	2.96%	2.10%	2.34%	2.92%	3.12%	5.24%	4.62%	4.98%	5.37%	1.61%	1.50%	1.28%	1.09%	4.31%	4.65%	3.90%	4.00%	4.25%
FCF Yield	5.13%	3.91%	4.30%	4.23%	5.14%	5.73%	5.84%	7.54%	7.32%	8.28%	9.04%	8.52%	7.63%	6.73%	6.63%	6.04%	7.51%	8.52%	10.96%	11.51%
Dividend Yield	2.67%	1.13%	1.20%	0.57%	0.67%	1.52%	1.49%	0.97%	0.87%	2.02%	1.18%	1.24%	1.26%	2.32%	1.39%	1.17%	1.26%	1.23%	1.24%	1.17%
Payout Ratio	60.20%	56.20%	181.71%	71.24%	146.82%	106.11%	-922.12%	83.75%	94.83%	91.79%	88.91%	95.39%	161.49%	110.48%	-46.65%	106.90%	201.23%	63.18%	130.18%	110.72%
Buyback Yield / Dilution	0.11%	0.11%	0.12%	-0.01%	0.02%	-0.05%	-0.02%	0.08%	0.14%	-0.01%	0.32%	0.27%	0.36%	0.10%	0.37%	0.31%	0.31%	0.27%	0.28%	0.26%
Total Shareholder Return	2.78%	1.25%	1.32%	0.56%	0.69%	1.47%	1.47%	1.04%	1.01%	2.01%	1.51%	1.51%	1.61%	2.42%	1.76%	1.48%	1.57%	1.49%	1.51%	1.43%

Updated Jan 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q