International Business Machines Corporation IBM
225.51
(1.55)
(0.68%)
as of 25 Sep
- Market cap
- $214.4B
- P/E
- 19.7×
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International Business Machines Corporation (IBM) Free cash flow margin
International Business Machines Corporation's free cash flow margin over the twelve months to 30 June 2026 was 20.0%, up 1.9 percentage points from fiscal 2025 (18.1%). Over the past ten years it has ranged from 15.2% (fiscal 2022) to 28.6% (fiscal 2020); the current reading is higher than 55% of that period. That is above the Information Technology Services industry median of 0.00% and above the Technology sector median of 1.52%.
Free cash flow margin, annual
Annual
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 18.1% | (2.54) |
| FY2024 | 20.6% | (0.39) |
| FY2023 | 21.0% | 5.83 |
| FY2022 | 15.2% | (4.19) |
| FY2021 | 19.4% | (9.18) |
| FY2020 | 28.6% | 6.01 |
| FY2019 | 22.6% | 7.36 |
| FY2018 | 15.2% | (2.43) |
| FY2017 | 17.6% | 0.19 |
| FY2016 | 17.4% | 0.26 |
Against its own ten years
Low 15.2%
High 28.6%
Ten-year median
18.1%
Current reading's percentile
55
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| IBM International Business Machines Corporation | 20.0% |
| FISV Fiserv, Inc. compare | 19.7% |
| INFY American Noble Gas Inc. compare | 18.7% |
| ACN Accenture PLC compare | 17.2% |
| BR Broadridge Financial Solutions, Inc. compare | 16.5% |
| FIS Fidelity National Information Services, Inc. compare | 15.7% |
| WIT Wipro Limited compare | 13.1% |
| CTSH Cognizant Technology Solutions Corporation compare | 12.0% |
| CDW CDW Corporation compare | 3.66% |
| Information Technology Services industry median | 0.00% |
| Technology sector median | 1.52% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on IBM
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement