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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.

Revenue: +4.73%
EPS: +24.1%
Free cash flow: +31.3%
Total debt: +1.11%

Quarter to September 2026, against a year earlier

248.25 6.07 −2.39%

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Market cap: $233.6B
P/E: 20.9×
Fwd P/E: 25.8×
Dividend yield: 2.72%
F-score: 6/9
Altman Z: 3.49
Beneish M: −2.41
Dividend safety: 64/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
Piotroski F-Score Full definition →	+8 more TTM periods Free account	6	7	7	6
ROE Full definition →		35.23%	35.84%	34.52%	34.80%
ROA Full definition →		7.33%	7.12%	7.13%	7.41%
ROIC Full definition →		8.53%	8.10%	7.86%	7.94%
Return on Tangible Assets Full definition →		253.12%	(446.97%)	(603.21%)	1,489.47%
Average Days of Receivables Full definition →		49.53	40.97	39.05	39.01
Free Cash Flow per Share Full definition →		13.11	13.82	14.70	15.59
Free Cash Flow Full definition →		12,223.00	12,968.00	13,831.00	14,719.00
Capital Expenditures Full definition →		(970.00)	(1,024.00)	(1,057.00)	(1,112.00)
Other line items
Cash ROIC Full definition →		11.27%	11.66%	13.21%	13.24%
Accounts Receivable Turnover Full definition →		7.99	9.51	9.50	9.86
Accounts Payable Turnover Full definition →		6.43	7.53	6.92	7.03
Inventory Turnover Full definition →		22.51	19.74	19.32	17.58
Average Days of Payables Full definition →		61.47	51.37	55.41	55.81
Days of Inventory on Hand Full definition →		15.77	18.77	22.01	24.17
Tax Rate Full definition →		0.02	0.02	0.03	0.06
Research and Development Expense of Revenue Full definition →		12.31%	12.39%	12.67%	12.95%
Selling, General and Administrative Expense of Revenue Full definition →		29.80%	29.50%	29.35%	28.84%
Share Based Compensation of Revenue Full definition →		2.54%	2.64%	2.72%	2.82%
Interest Coverage Full definition →		5.61	5.81	5.76	5.86
Operating CF/Net income Full definition →		1.25	1.30	1.39	1.42
Depreciation/Fixed assets Full definition →		0.85	0.89	0.91	0.88
Capex/Depreciation Full definition →		(0.19)	(0.20)	(0.20)	(0.21)
Revenue per Share Full definition →		72.44	73.43	73.41	73.98
Operating CF per Share Full definition →		14.15	14.91	15.82	16.76
Capex per Share Full definition →		(1.04)	(1.09)	(1.12)	(1.18)
Capex to Sales Full definition →		0.01	0.01	0.02	0.02

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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