Saturday 17 October 2026
Export IBM’s income statement to Excel — free account
International Business Machines Corporation
IBM Technology Information Technology Services
International Business Machines Corporation’s revenue for fiscal 2025 (year ended December 2025) was $67.5 billion, up 7.62% from fiscal 2024. In the quarter to June 2026, revenue grew 1.09%, EPS fell 2.54%, free cash flow grew 56.5% and total debt fell 3.39%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for five; insiders bought in the last twelve months.
232.56
1.56
−0.67%
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| Older periods | Sep '25 | Dec '25 | Mar '26 | Jun '26 | |
|---|---|---|---|---|---|
P/E ratio |
+8 more quarters Free account |
33.12 | 26.10 | 21.06 | 24.56 |
P/S ratio |
4.03 | 4.09 | 3.30 | 3.83 | |
P/FCF ratio |
20.90 | 22.59 | 17.54 | 19.14 | |
P/Operating CF |
85.50 | 68.36 | 44.01 | 101.92 | |
P/B ratio |
9.41 | 8.43 | 6.88 | 7.66 | |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | |
EV/Sales |
4.77 | 4.78 | 4.09 | 4.61 | |
EV/EBITDA |
20.75 | 20.34 | 17.13 | 19.52 | |
EV/Operating CF |
23.12 | 24.48 | 20.16 | 21.39 | |
EV/FCF |
24.72 | 26.42 | 21.75 | 23.03 | |
Quick Ratio |
0.61 | 0.61 | 0.49 | 0.43 | |
Current Ratio |
0.93 | 0.96 | 0.80 | 0.79 | |
Net Debt/EBITDA |
12.65 | 8.39 | 18.41 | 13.57 | |
Debt/Assets |
43.14% | 40.33% | 42.48% | 40.75% | |
Debt/Equity |
2.25 | 1.87 | 2.01 | 1.79 | |
Asset Turnover |
0.47 | 0.47 | 0.46 | 0.46 | |
Operating CF/Net income |
1.77 | 0.72 | 4.25 | 1.20 | |
Capex/Depreciation |
(0.19) | (0.29) | (0.18) | (0.15) | |
Interest Coverage |
5.14 | 8.95 | 3.57 | 5.38 | |
Research and Development Expense of Revenue |
12.75% | 11.11% | 13.65% | 13.47% | |
Selling, General and Administrative Expense of Revenue |
29.07% | 27.75% | 31.97% | 29.02% | |
Intangible Assets out of Total Assets |
0.54 | 0.52 | 0.57 | 0.58 | |
Share Based Compensation of Revenue |
2.71% | 2.18% | 3.18% | 2.90% | |
Graham Net Nets |
(0.32) | (0.30) | (0.40) | (0.34) | |
Graham Number |
75.80 | 94.70 | 95.51 | 97.23 | |
Earnings Yield |
3.02% | 3.83% | 4.75% | 4.07% | |
Free Cash Flow Yield |
4.79% | 4.43% | 5.70% | 5.23% | |
Revenue per Share |
17.49 | 21.12 | 16.96 | 18.23 | |
Operating CF per Share |
3.30 | 4.33 | 5.51 | 2.76 | |
Capex per Share |
(0.27) | (0.41) | (0.24) | (0.22) | |
Free Cash Flow per Share |
3.03 | 3.93 | 5.27 | 2.54 | |
Cash per Share |
15.94 | 15.52 | 12.60 | 8.69 | |
Shareholders Equity per Share |
29.97 | 35.12 | 35.22 | 36.70 | |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | |
Book value per Share |
29.97 | 35.12 | 35.22 | 36.70 | |
Free Cash Flow |
2,834.00 | 3,661.00 | 4,945.00 | 2,391.00 | |
Working Capital |
(2,402.00) | (1,714.00) | (8,187.00) | (7,514.00) | |
Capital Expenditures |
(248.00) | (379.00) | (224.00) | (206.00) | |
Net Current Asset Value |
(85,582.00) | (82,195.00) | (91,260.00) | (89,160.00) | |
EV/EBIT |
30.61 | 29.75 | 24.85 | 28.66 | |
Capex to Sales |
0.02 | 0.02 | 0.01 | 0.01 | |
Price to Operating Income |
25.87 | 25.44 | 20.04 | 23.82 | |
| Other line items | |||||
Average Receivables |
6,512.00 | 8,457.50 | 7,244.50 | 7,276.50 | |
Average Payables |
3,570.50 | 4,394.00 | 3,812.00 | 4,184.50 | |
Average Inventory |
1,382.00 | 1,254.50 | 1,453.50 | 1,498.50 | |
Average Assets |
140,325.50 | 144,527.50 | 150,948.00 | 150,342.00 | |
Average Common Equity |
26,260.50 | 30,066.50 | 30,004.00 | 31,064.50 |
Columns are period end dates