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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%
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
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International Business Machines Corporation (IBM) Current ratio

Alert me on Current ratio

International Business Machines Corporation's current ratio at the end of the quarter to 30 September 2026 was 0.9×, down 0.1× from fiscal 2025 (1.0×). Over the past ten years it has ranged from 0.9× (fiscal 2021) to 1.3× (fiscal 2017); the current reading is higher than 27% of that period. That is below the Information Technology Services industry median of 1.7× and below the Technology sector median of 1.9×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.0× (8.14%)
FY2024 1.0× 7.88%
FY2023 1.0× 4.35%
FY2022 0.9× 5.19%
FY2021 0.9× (10.56%)
FY2020 1.0× (3.61%)
FY2019 1.0× (20.73%)
FY2018 1.3× (3.42%)
FY2017 1.3× 10.02%
FY2016 1.2× (2.45%)

Quarterly newest first

Period Current ratio Change
Sep 2026 0.9× 8.11%
Jun 2026 0.8× (0.63%)
Mar 2026 0.8× (16.73%)
Dec 2025 1.0× 2.59%
43 more quarters

Against its own ten years

Low 0.9× High 1.3×
Ten-year median 1.0×
Current reading's percentile 27

Current ratio against peers

Company Current ratio
CTSH Cognizant Technology Solutions Corporation compare 2.2×
INFY American Noble Gas Inc. compare 2.0×
WIT Wipro Limited compare 1.7×
LDOS Leidos Holdings, Inc. compare 1.6×
ACN Accenture PLC compare 1.4×
CDW CDW Corporation compare 1.3×
BR Broadridge Financial Solutions, Inc. compare 1.2×
FISV Fiserv, Inc. compare 1.0×
IBM International Business Machines Corporation 0.9×
Information Technology Services industry median 1.7×
Technology sector median 1.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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