IBM Corp
US.IBM
234.89
+0.18
+0.08%
IBM Corp
234.89
+0.18
+0.08%
Collector offline (last heartbeat: 19157s ago)
· 2026-09-04 20:02
Pre-market
232.73
-0.84%
After-hours
234.77
-0.05%
Overnight
234.08
-0.27%
Revenue annual, last 8 years
Latest year +7.62% YoY
Margins
- Gross margin
- 58.19%
- Operating margin
- 18.50%
- Net margin
- 15.69%
Key ratios & quality
- Enterprise value
- 268.94B
- PEG ratio
- 0.24
- Altman Z-Score
- 3.25
PEG uses trailing P/E against the 3-year net income growth rate (86.23%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.25, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 79.59B | 57.71B | 55.18B | 57.35B | 60.53B | 61.86B | 62.75B | 67.54B |
| Gross profit | 36.94B | 31.53B | 30.87B | 31.49B | 32.69B | 34.30B | 35.55B | 39.30B |
| Selling & admin expenses | 19.37B | 18.72B | 20.56B | 18.75B | 18.61B | 19.00B | 17.91B | 18.14B |
| Research & development | 5.38B | 5.91B | 6.26B | 6.49B | 6.57B | 6.78B | 7.48B | 8.32B |
| Operating profit | 13.22B | 7.54B | 4.66B | 6.87B | 8.17B | 9.38B | 10.07B | 12.49B |
| Pretax profit | 11.34B | 7.21B | 2.57B | 4.84B | 1.16B | 8.69B | 5.80B | 10.33B |
| Tax | 2.62B | 60.00M | -1.36B | 124.00M | -626.00M | 1.18B | -218.00M | -242.00M |
| Net profit | 8.73B | 9.43B | 5.59B | 5.74B | 1.64B | 7.50B | 6.02B | 10.59B |
| Basic EPS | 10 | 11 | 6 | 6 | 2 | 8 | 7 | 11 |
| Diluted EPS | 9.52 | 10.56 | 6.23 | 6.35 | 1.80 | 8.14 | 6.43 | 11.17 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 14.54B | 16.98B | 16.33B | 19.69B | 15.92B | 17.16B |
| Gross profit | 8.03B | 9.98B | 9.36B | 11.93B | 8.95B | 9.91B |
| Selling & admin expenses | 4.26B | 4.67B | 4.38B | 4.83B | 4.40B | 4.53B |
| Research & development | 1.95B | 2.10B | 2.08B | 2.19B | 2.17B | 2.31B |
| Operating profit | 1.77B | 3.09B | 2.79B | 4.85B | 2.22B | 2.85B |
| Pretax profit | 1.16B | 2.60B | 2.43B | 4.14B | 1.39B | 2.48B |
| Tax | 103.00M | 404.00M | 686.00M | -1.44B | 172.00M | 313.00M |
| Net profit | 1.06B | 2.19B | 1.74B | 5.60B | 1.22B | 2.17B |
| Basic EPS | 1 | 2 | 2 | 6 | 1 | 2 |
| Diluted EPS | 1.12 | 2.31 | 1.84 | 5.88 | 1.28 | 2.27 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 49.15B | 38.42B | 39.17B | 29.54B | 29.12B | 32.91B | 34.48B | 36.94B |
| Cash & ST investments | 12.00B | 8.87B | 13.79B | 7.25B | 8.74B | 13.44B | 14.59B | 14.42B |
| Inventory | 1.68B | 1.62B | 1.81B | 1.65B | 1.55B | 1.16B | 1.29B | 1.22B |
| Total assets | 123.38B | 152.19B | 155.97B | 132.00B | 127.24B | 135.24B | 137.18B | 151.88B |
| Total current liabilities | 38.23B | 37.70B | 39.87B | 33.62B | 31.51B | 34.12B | 33.14B | 38.66B |
| Short-term debt | 10.21B | 10.18B | 8.15B | 7.76B | 5.63B | 7.25B | 5.86B | 7.22B |
| Long-term debt | 35.61B | 54.10B | 54.22B | 44.92B | 46.19B | 50.12B | 49.88B | 54.84B |
| Total liabilities | 106,452,000,000.00 | 131,201,000,000.00 | 135,245,000,000.00 | 113,005,000,000.00 | 105,222,000,000.00 | 112,628,000,000.00 | 109,782,000,000.00 | 119,139,000,000.00 |
| Total equity | 16.93B | 20.99B | 20.73B | 19.00B | 22.02B | 22.61B | 27.39B | 32.74B |
| Retained earnings | 159.21B | 162.95B | 162.72B | 154.21B | 149.83B | 151.28B | 151.16B | 155.65B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 35.34B | 34.25B | 32.74B | 36.94B | 31.91B | 28.40B |
| Cash & ST investments | 17.47B | 15.45B | 14.86B | 14.42B | 11.78B | 8.13B |
| Inventory | 1.43B | 1.25B | 1.40B | 1.22B | 1.48B | 1.75B |
| Total assets | 145.67B | 148.59B | 146.31B | 151.88B | 156.23B | 152.10B |
| Total current liabilities | 35.11B | 37.73B | 35.14B | 38.66B | 40.10B | 35.91B |
| Short-term debt | 7.71B | 9.77B | 8.75B | 7.22B | 9.45B | 6.55B |
| Long-term debt | 56.37B | 55.22B | 55.17B | 54.84B | 57.71B | 56.21B |
| Total liabilities | 118,715,000,000.00 | 120,997,000,000.00 | 118,322,000,000.00 | 119,139,000,000.00 | 123,174,000,000.00 | 117,558,000,000.00 |
| Total equity | 26.95B | 27.59B | 27.99B | 32.74B | 33.06B | 34.54B |
| Retained earnings | 150.70B | 151.37B | 151.58B | 155.65B | 155.33B | 155.94B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 15.25B | 14.77B | 18.20B | 12.80B | 10.44B | 13.93B | 13.45B | 13.19B |
| Depreciation & amortization | 4.48B | 6.06B | 6.70B | 6.42B | 4.80B | 4.40B | 4.67B | 5.02B |
| Free cash flow | 11.28B | 11.86B | 14.97B | 10.03B | 8.46B | 12.12B | 11.76B | 11.46B |
| Dividends paid | -5.67B | -5.71B | -5.80B | -5.87B | -5.95B | -6.04B | -6.15B | -6.26B |
| Stock buybacks / issuance | -4.61B | -1.63B | -302.00M | -319.00M | -128.00M | 12.00M | 94.00M | -308.00M |
| Ending cash balance | 11.60B | 8.31B | 13.68B | 6.96B | 7.99B | 13.09B | 14.16B | 13.64B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 4.37B | 1.70B | 3.08B | 4.04B | 5.17B | 2.60B |
| Depreciation & amortization | 1.18B | 1.27B | 1.28B | 1.30B | 1.27B | 1.35B |
| Free cash flow | 3.98B | 1.33B | 2.67B | 3.49B | 4.78B | 2.21B |
| Dividends paid | -1.55B | -1.56B | -1.57B | -1.57B | -1.58B | -1.59B |
| Stock buybacks / issuance | -68.00M | 32.00M | -280.00M | 8.00M | -172.00M | 125.00M |
| Ending cash balance | 11.16B | 12.03B | 11.60B | 13.64B | 10.86B | 7.22B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE % | 50.76 | 50.12 | 26.98 | 29.08 | 8.03 | 33.73 | 24.17 | 35.34 |
| ROA % | 7.02 | 6.84 | 3.63 | 3.99 | 1.26 | 5.72 | 4.42 | 7.33 |
| ROIC % | 14.30 | 13.66 | 7.33 | 8.46 | 3.30 | 10.49 | 8.07 | 12.69 |
| 5-year avg ROE % | 65.25 | 61.40 | 46.60 | 37.81 | 32.99 | 29.59 | 24.40 | 26.07 |
| EBIT margin % | 15.16 | 14.92 | 8.05 | 10.45 | 3.92 | 16.65 | 11.97 | 18.16 |
| FCF / sales % | 14.18 | 15.38 | 20.33 | 17.49 | 13.98 | 19.59 | 18.74 | 16.96 |
| Current ratio | 1.29 | 1.02 | 0.98 | 0.88 | 0.92 | 0.96 | 1.04 | 0.96 |
| Quick ratio | 1.11 | 0.87 | 0.77 | 0.66 | 0.73 | 0.80 | 0.86 | 0.80 |
| Debt / assets | 272.76 | 327.04 | 316.01 | 291.73 | 246.14 | 265.99 | 213.85 | 197.89 |
| LT debt / equity | 211.99 | 278.21 | 276.43 | 250.67 | 220.47 | 233.83 | 192.40 | 175.76 |
| Interest coverage | 16.69 | 8.56 | 4.60 | 5.19 | 1.95 | 6.41 | 4.39 | 6.34 |
| Revenue CAGR (3Y) % | -0.89 | -10.28 | -11.33 | -10.35 | 1.60 | 3.88 | 3.05 | 3.72 |
| Net income CAGR (3Y) % | -12.86 | -7.39 | -0.95 | -13.03 | -44.18 | 10.30 | 1.61 | 86.23 |
| FCF CAGR (3Y) % | -4.87 | -2.84 | 4.94 | -3.85 | -10.65 | -6.79 | 5.45 | 10.62 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE % | 21.83 | 22.64 | 30.21 | 35.34 | 35.93 | 34.62 |
| ROA % | 3.87 | 4.13 | 5.63 | 7.33 | 7.12 | 7.13 |
| ROIC % | 7.13 | 7.70 | 9.97 | 12.69 | 11.77 | 11.87 |
| 5-year avg ROE % | -- | -- | -- | -- | -- | -- |
| EBIT margin % | 12.12 | 12.61 | 17.39 | 18.16 | 18.15 | 17.90 |
| FCF / sales % | 19.00 | 18.19 | 18.12 | 16.96 | 17.79 | 19.02 |
| Current ratio | 1.01 | 0.91 | 0.93 | 0.96 | 0.80 | 0.79 |
| Quick ratio | 0.84 | 0.75 | 0.76 | 0.80 | 0.63 | 0.59 |
| Debt / assets | 248.64 | 246.17 | 238.56 | 197.89 | 211.69 | 189.46 |
| LT debt / equity | 219.96 | 210.67 | 207.20 | 175.76 | 183.02 | 170.46 |
| Interest coverage | 4.39 | 4.44 | 6.05 | 6.34 | 6.41 | 6.41 |
| Revenue CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) % | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
software45.22%
Consulting31.04%
Infrastructure22.35%
Financing1.08%
Other revenue0.30%
Quote time 2026-09-04 20:02:34
For reference only, not investment advice.