International Business Machines Corporation
IBM | NYSE
$229.58
+$0.03 (+0.01%)
Sep 21, 2026, 12:36 PM ET · Market open
Market Data
Market Cap $216.27B
Enterprise Value $273.41B
Beta 0.71
Average Volume 9.39M
Shares Outstanding (Diluted) 952.7M
Shares Change YoY 0.63%
Institutional Ownership 63.22%
Exchange NYSE
ISIN US4592001014
Price Performance
Price Change 1M -1.1%
Price Change 3M -9.0%
Price Change 6M -7.6%
Price Change YTD -21.3%
Price Change 1Y -13.4%
Price Change 3Y 56.3%
Price Change 5Y 74.6%
1M CAGR (ann.) -1.0%
1Y CAGR (ann.) -9.1%
5Y CAGR (ann.) 16.2%
All-Time CAGR 8.2%
Valuation
PE Ratio 20.31
Forward PE 17.09
PEG Ratio 0.24
Forward PEG 2.95
PS Ratio 3.13
Forward PS 3.00
PB Ratio 6.28
P/FCF Ratio 14.83
P/Adj. FCF Ratio 15.00
P/OCF Ratio 14.49
EV/Sales 3.96
EV/EBIT 22.11
EV/EBITDA 16.86
EV/FCF 18.75
Earnings Yield 4.9%
FCF Yield 6.7%
Adj. FCF Yield 6.7%
Financial Health
Net Debt $53.86B
Total Debt $65.27B
Cash & Short-Term Investments $8.13B
Total Assets $152.1B
Current Ratio 0.79
Quick Ratio 0.74
Debt / Equity Ratio 1.89
Debt / EBITDA 4.02
Debt / FCF 4.48
OCF / Debt 0.23
Interest Coverage 6.40
Altman Z-Score 3.20
Piotroski F-Score 7
Margins & Profitability
Gross Profit Margin 58.4%
Operating Profit Margin 17.9%
EBITDA Margin 23.5%
Net Profit Margin 15.5%
FCF Margin 21.1%
Adj. FCF Margin 20.9%
SBC / Revenue 2.0%
SBC Impact (per share) -1.1%
Returns
Return on Assets 7.0%
Return on Equity 33.5%
Return on Invested Capital 10.4%
Return on Capital Employed 10.6%
Return on Tangible Assets 16.9%
Historical Growth (CAGR)
Revenue CAGR 3Y 4.5%
Revenue CAGR 5Y 1.1%
Revenue CAGR 10Y -1.5%
EPS CAGR 3Y 74.1%
EPS CAGR 5Y 13.8%
EPS CAGR 10Y -0.8%
FCF CAGR 3Y 12.3%
FCF CAGR 5Y 0.1%
FCF CAGR 10Y 0.2%
Analyst Forecasts
Analyst Rating Buy
Analyst Count 51
EPS Growth Next 3Y 6.7%
Revenue Growth Next 3Y 5.4%
Earnings Date N/A
EPS Estimate (next Q) N/A
EPS Growth Est (next Q) N/A
Revenue Est (next Q) N/A
Revenue Growth Est (next Q) N/A
Fair Value Estimates
Graham Number $96.66
Graham Upside -57.9%
Lynch Fair Value $155.49
Lynch Upside -32.3%
Price Target $256.69
Price Target Upside 11.8%
Cash Flow
Operating Cash Flow $14.89B
Free Cash Flow $14.58B
Adj. Free Cash Flow $14.42B
FCF Per Share $14.50
OCF Per Share $15.84
OCF/S Ratio 21.5%
Income Statement
Revenue $69.1B
Gross Profit $40.38B
Operating Income $12.34B
EBITDA $16.22B
Net Income $10.73B
EPS (Diluted) $11.30
Revenue / Employee $261.43K
Profit / Employee $40.58K
Employees 264,300
Dividends
Annual Dividend $6.74
Dividend Yield 2.94%
Payout Ratio 59.6%
FCF Payout Ratio 43.3%
Adj. FCF Payout Ratio 43.8%
Dividend Growth (YoY) 0.6%
Pay Frequency Quarterly
Ex-Dividend Date Aug 9, 2026
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