International Business Machines Corporation IBM SPXAI

Technology · Information Technology Services · United States

https://www.ibm.com

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment delivers strategy and technology services and intelligent operations, providing business transformation, technology implementation, managed services, application modernization, and AI-powered solutions. The Infrastructure segment provides on-premises and cloud-based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. Its Financing segment offers client and commercial financing, and facilitates IBM clients' acquisition of hardware, software, and services. It has strategic partnerships with various companies, including hyperscalers, service providers, global system integrators, and software and hardware vendors that include Adobe, Amazon Web Services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. Additionally, the company operate a data streaming platform. The company has a strategic collaboration with Arm Holdings plc for the development of new dual-architecture hardware that helps enterprises run future AI and data intensive workloads. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.

Market & Price

Market Cap

$279.90B

Current Price

$297.80

High / Low (52W)

$310.91 / $214.64

Beta

0.58

Valuation

Stock P/E

26.38

Industry PE

32.74

Forward P/E

22.13

PEG Ratio

2.47

Book Value

$35.08

Price to Book

8.49

P/S

4.06

EV/EBITDA

20.35

Dividend Yield

2.27%

Profitability & Returns

ROCE

10.83%

ROE

35.77%

ROA

5.37%

Profit Margin

15.61%

Op Margin

13.81%

EPS (Latest Qtr)

$1.28

EPS (TTM)

$11.29

Balance Sheet & Liquidity

Debt/Equity

2.11

Quick Ratio

0.64

Current Ratio

0.80

Debt

$69.80B

Total Assets

$151.88B

Current Assets

$36.94B

Working Capital

$-1.71B

Ownership

Promoter Holding

0.12%

Chg in Prom Hold

FII / Inst Holding

65.69%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$338.00B

Total Revenue (TTM)

$68.91B

EBITDA

$16.61B

Free Cash Flow

$13.08B

Operating Cash Flow

$13.99B

Shares Outstanding

939.89M

Gross Margin

58.36%

Payout Ratio

59.47%

Growth (CAGR)

Revenue 5Y

3.72%

Profit 5Y

86.23%

Revenue (YoY)

9.50%

Earnings (YoY)

14.20%

PROS

Strong return on equity of 35.8%.
Profit CAGR of 86.2% over 5 years.
Generates positive free cash flow.

CONS

In a downtrend (50-DMA below 200-DMA).
RSI at 80 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	IBM International Business Machines Corporation SPXAI	297.80	26.38	$279.90B	2.27%	10.83%	35.77%	3.72%	86.23%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Jun 2013	Sep 2013	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	24.92B	23.34B	22.24B	24.05B	22.40B	19.59B	20.81B	19.28B	18.68B	20.24B	19.23B	18.16B	19.29B	19.15B	19.07B	20.00B	18.76B	18.18B	19.16B	18.03B	17.57B	18.12B	17.56B	13.19B	14.22B	13.25B	14.20B	15.54B	14.11B	14.25B	15.47B	14.75B	14.46B	15.77B	14.97B	14.54B	16.98B	16.33B	19.69B	15.92B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.51B	7.00B	6.97B	7.76B	6.97B
Gross Profit	12.13B	11.43B	10.63B	12.04B	10.87B	9.45B	10.39B	9.44B	8.69B	9.70B	9.01B	7.94B	8.97B	8.98B	8.25B	9.20B	8.80B	8.04B	9.01B	8.34B	7.92B	8.70B	8.43B	7.03B	7.85B	7.11B	7.33B	8.29B	7.43B	7.51B	8.50B	8.02B	7.74B	8.95B	8.42B	8.03B	9.98B	9.36B	11.93B	8.95B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.27B	6.89B	6.57B	7.08B	6.73B
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.76B	3.09B	2.79B	4.85B	2.22B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.79B	4.37B	4.21B	5.92B	3.13B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	455.00M	510.00M	492.00M	478.00M	473.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.16B	2.60B	2.43B	4.14B	1.39B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103.00M	404.00M	686.00M	-1.44B	172.00M
Net Income	-	-	-	-	-	-	-	-	2.01B	2.50B	2.85B	1.75B	2.33B	2.73B	1.68B	2.40B	2.69B	1.59B	2.50B	1.67B	1.18B	1.36B	1.70B	955.00M	1.32B	1.13B	733.00M	1.39B	-3.20B	927.00M	1.58B	1.70B	1.60B	1.83B	-330.00M	1.05B	2.19B	1.74B	5.60B	1.22B
Diluted EPS	2.91	3.68	2.29	4.12	0.02	2.35	3.50	3.01	2.09	2.61	2.98	1.85	2.48	2.92	1.81	2.61	2.94	1.78	2.81	1.87	1.31	1.52	1.89	1.06	1.47	1.25	0.81	1.53	-3.54	1.01	1.72	1.84	1.72	1.96	-0.36	1.12	2.31	1.84	5.88	1.28
R&D Expense	1.55B	1.36B	1.40B	1.36B	1.35B	1.30B	1.30B	1.29B	1.46B	1.47B	1.40B	1.48B	1.44B	1.29B	1.41B	1.36B	1.25B	1.43B	1.41B	1.55B	1.62B	1.58B	1.51B	1.62B	1.64B	1.61B	1.68B	1.67B	1.61B	1.66B	1.69B	1.69B	1.80B	1.84B	1.88B	1.95B	2.10B	2.08B	-	2.17B

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	98.79B	103.63B	95.76B	99.87B	106.92B	102.87B	98.37B	92.79B	81.74B	79.92B	79.14B	79.59B	57.71B	55.18B	-	60.53B	61.86B	62.75B	67.54B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27.84B	27.56B	27.20B	28.24B
Gross Profit	41.73B	45.66B	43.78B	46.01B	50.14B	50.36B	48.68B	46.41B	40.68B	38.52B	36.94B	36.94B	31.53B	30.86B	-	32.69B	34.30B	35.55B	39.30B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24.51B	24.92B	25.48B	26.80B
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.17B	9.38B	10.07B	12.49B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.17B	14.69B	12.18B	17.28B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.22B	1.61B	1.71B	1.94B
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.16B	8.69B	5.80B	10.33B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-626.00M	1.18B	-218.00M	-242.00M
Net Income	-	-	-	-	-	-	-	-	13.19B	11.87B	5.75B	8.73B	9.43B	5.59B	-	1.64B	7.50B	6.02B	10.59B
Diluted EPS	7.15	8.89	10.01	11.52	13.06	14.37	14.94	11.90	13.42	12.38	6.14	9.52	10.56	6.23	-	1.80	8.14	6.43	11.17
R&D Expense	6.15B	6.34B	5.82B	6.03B	6.26B	5.82B	5.74B	5.44B	5.25B	5.73B	5.59B	5.38B	5.91B	6.26B	6.49B	6.57B	6.78B	7.48B	8.32B

Compounded Sales Growth

5 Years:	3.72%
1 Year:	9.50%

Compounded Profit Growth

5 Years:	86.23%
1 Year:	14.20%

Stock Price Performance

1 Year:	+17.89%
6 Months:	-0.91%
3 Months:	+24.89%
1 Month:	+32.10%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2006	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	109.52B	109.02B	113.45B	116.43B	119.21B	125.64B	117.27B	110.50B	117.47B	125.36B	123.38B	152.19B	155.97B	-	127.24B	135.24B	137.18B	151.88B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29.12B	32.91B	34.48B	36.94B
Cash & Equivalents	8.02B	14.99B	12.74B	12.18B	10.66B	11.92B	10.41B	10.72B	8.48B	7.69B	7.83B	11.97B	11.38B	8.17B	13.19B	-	7.89B	13.07B	13.95B	13.59B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.55B	1.16B	1.29B	1.22B
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.54B	7.21B	6.80B	8.11B
Total Liabilities	-	-	95.94B	86.27B	90.28B	96.20B	100.23B	103.29B	105.26B	96.07B	99.08B	107.63B	106.45B	131.20B	135.24B	-	105.22B	112.63B	109.78B	119.14B
Current Liabilities	-	-	42.44B	36.00B	40.56B	42.12B	43.62B	40.15B	39.58B	34.27B	36.27B	37.36B	38.23B	37.70B	39.87B	-	31.50B	34.12B	33.14B	38.66B
Long Term Debt	-	-	-	-	21.85B	22.86B	24.09B	32.86B	34.99B	33.43B	34.66B	39.84B	35.60B	54.10B	54.22B	-	46.19B	50.12B	49.88B	54.84B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54.01B	59.94B	58.40B	64.61B
Total Equity	-	-	13.46B	22.64B	23.05B	20.14B	18.86B	22.79B	11.87B	14.26B	18.25B	17.59B	16.80B	20.84B	20.60B	-	21.94B	22.53B	27.31B	32.65B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.26B	2.27B	2.28B	2.29B

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	18.81B	20.77B	19.55B	-	-	-	16.87B	17.25B	17.08B	16.72B	15.25B	14.77B	18.20B	-	10.44B	13.93B	13.45B	13.19B
Investing Cash Flow	-	-9.29B	-6.73B	-8.51B	-	-	-	-3.00B	-8.16B	-10.93B	-7.08B	-4.91B	-26.94B	-3.03B	-	-4.20B	-7.07B	-4.94B	-10.30B
Financing Cash Flow	-	-11.83B	-14.70B	-12.43B	-	-	-	-15.45B	-9.41B	-5.92B	-6.42B	-10.47B	9.04B	-9.72B	-	-4.96B	-1.77B	-7.08B	-3.83B
Capital Expenditure	-4.63B	-4.17B	-3.45B	-4.18B	-4.11B	-4.08B	-3.62B	-3.74B	-3.58B	-3.57B	-3.23B	-3.40B	-2.29B	-2.62B	-	-1.97B	-1.81B	-1.69B	-1.74B
Free Cash Flow	-	14.64B	17.33B	15.36B	-	-	-	13.13B	13.68B	13.52B	13.49B	11.85B	12.48B	15.58B	-	8.46B	12.12B	11.76B	11.46B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.27B	5.09B	1.43B	-938.00M
Share Buybacks	18.83B	10.58B	7.43B	15.38B	15.05B	11.99B	13.86B	13.68B	4.61B	3.50B	4.34B	4.44B	1.36B	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	42.2%	44.1%	45.7%	46.1%	46.9%	49.0%	49.5%	50.0%	49.8%	48.2%	46.7%	46.4%	54.6%	55.9%	-	54.0%	55.4%	56.7%	58.2%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13.5%	15.2%	16.1%	18.5%
Net Margin %	-	-	-	-	-	-	-	-	16.1%	14.9%	7.3%	11.0%	16.3%	10.1%	-	2.7%	12.1%	9.6%	15.7%
ROE %	-	-	-	-	-	-	-	-	92.5%	65.1%	32.7%	52.0%	45.3%	27.1%	-	7.5%	33.3%	22.1%	32.4%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.5%	9.3%	9.7%	11.0%

Shareholding Pattern

Insiders

0.12%

Institutions

65.69%

Public Float

65.77%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	8.25%	77.57M	$23.10B
2	Vanguard Capital Management LLC	6.47%	60.85M	$18.12B
3	State Street Corporation	5.81%	54.59M	$16.26B
4	Vanguard Portfolio Management LLC	2.94%	27.66M	$8.24B
5	Geode Capital Management, LLC	2.46%	23.08M	$6.87B
6	Morgan Stanley	2.09%	19.63M	$5.85B
7	JPMORGAN CHASE & CO	1.97%	18.54M	$5.52B
8	Capital World Investors	1.82%	17.06M	$5.08B
9	Bank of America Corporation	1.71%	16.06M	$4.78B
10	Northern Trust Corporation	1.10%	10.30M	$3.07B

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