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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. 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%
Market cap
$220.6B
P/E
20.3×
Fwd P/E
27.7×
Dividend yield
2.90%
F-score
6/9
Altman Z
3.49
Beneish M
−2.41
Dividend safety
64/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

International Business Machines Corporation (IBM) EV/Sales

Alert me on EV/Sales

As of 16 October 2026, International Business Machines Corporation (IBM) trades at a EV/Sales of 3.9×. Over the past ten years it has ranged from 1.6× (December 2018) to 5.3× (June 2026); the current reading is higher than 86% of that period. That is above the Information Technology Services industry median of 1.2× and above the Technology sector median of 2.7×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 4.8× 23.59%
FY2024 3.9× 25.81%
FY2023 3.1× 9.58%
FY2022 2.8× (1.80%)
FY2021 2.9× 2.25%
FY2020 2.8× (3.75%)
FY2019 2.9× 74.16%
FY2018 1.7× (23.08%)
FY2017 2.2× (7.04%)
FY2016 2.3× 18.78%

Quarterly newest first

Period EV/Sales Change
Jun 2026 4.6× 12.63%
Mar 2026 4.1× (14.42%)
Dec 2025 4.8× 0.32%
Sep 2025 4.8× (5.50%)
42 more quarters

Against its own ten years

Low 1.6× High 5.3×
Ten-year median 2.7×
Current reading's percentile 84

EV/Sales against peers

Company EV/Sales
CDW CDW Corporation compare 1.0×
CTSH Cognizant Technology Solutions Corporation compare 1.4×
ACN Accenture PLC compare 1.8×
WIT Wipro Limited compare 1.8×
INFY American Noble Gas Inc. compare 2.3×
FISV Fiserv, Inc. compare 2.5×
FIS Fidelity National Information Services, Inc. compare 2.8×
BR Broadridge Financial Solutions, Inc. compare 3.2×
IBM International Business Machines Corporation 3.9×
Information Technology Services industry median 1.2×
Technology sector median 2.7×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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