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Friday 6 November 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.

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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

International Business Machines Corporation (IBM) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, International Business Machines Corporation (IBM) trades at a EV/FCF of 19.5×. Over the past ten years it has ranged from 9.3× (December 2018) to 28.0× (June 2026); the current reading is higher than 84% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 26.4× 40.96%
FY2024 18.7× 28.15%
FY2023 14.6× (20.79%)
FY2022 18.5× 25.29%
FY2021 14.7× 49.38%
FY2020 9.9× (23.98%)
FY2019 13.0× 17.26%
FY2018 11.1× (10.84%)
FY2017 12.4× (8.06%)
FY2016 13.5× 18.20%

Quarterly newest first

Period EV/FCF Change
Sep 2026 17.7× (23.17%)
Jun 2026 23.0× 5.88%
Mar 2026 21.7× (17.69%)
Dec 2025 26.4× 6.87%
43 more quarters

Against its own ten years

Low 9.3× High 28.0×
Ten-year median 13.6×
Current reading's percentile 82

EV/FCF against peers

Company EV/FCF
LDOS Leidos Holdings, Inc. compare 11.3×
CTSH Cognizant Technology Solutions Corporation compare 12.7×
WIT Wipro Limited compare 12.9×
INFY American Noble Gas Inc. compare 13.2×
ACN Accenture PLC compare 13.8×
FISV Fiserv, Inc. compare 19.0×
IBM International Business Machines Corporation 19.5×
BR Broadridge Financial Solutions, Inc. compare 20.4×
CDW CDW Corporation compare 27.4×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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