CompanyGraph
International Business Machines Corporation
IBM · NYSE Arca · United States
ibm.comFinancials as of FY2025
What stands out
- Returns appear driven by leverage
At a glance
- Depends onMidstream position: 6 outgoing, 9 incoming connections
- ScaleMarket cap is $199.89B, higher than 95% of all stocks globally
- FinancialsAltman Z-Score 3.14: safe zone
- Interpretations6 currently firing — 6
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
3.18%Below 5Y avg (3.91%)
Annual Rate
USD 6.76Paid quarterly
Payout Ratio
59.5%Sustainable
Consecutive Growth
24 yrStrong track record
Paying Dividends
26 yr
Payback Period
35.0 yr
Last Ex-Dividend
May 8, 2026
Last Payment
Jun 10, 2026
The reported statements, read against the company's own industry.
What stands out
- Returns appear driven by leverage
Financials view
Market Capitalization
199.89BUSDvs all stocks (USD)
Trailing P/E
19.38xRevenue (TTM)
68.91BUSDvs all stocks (USD)
Profit Margin
15.61%Beta
0.6750xvs all stocks
52-Week Change
-25.30%vs all stocks
Forward Annual Dividend Yield
3.18%vs all stocks
Market Capitalization
199.89BUSDvs all stocks (USD)
Enterprise Value
256.60BUSDvs all stocks (USD)
Trailing P/E
19.38xForward P/E
16.50xPEG Ratio
1.38xPrice to Sales (TTM)
2.99xPrice to Book (MRQ)
6.24xEnterprise to Revenue
3.72xEnterprise to EBITDA
15.40xGross Margin
56.23%Profit Margin
15.61%Operating Margin
13.81%Return on Assets (TTM)
5.39%Return on Equity (TTM)
35.77%Revenue (TTM)
68.91BUSDvs all stocks (USD)
Revenue per Share (TTM)
73.71USDUpdated Jul 19, 2026Quarterly Revenue Growth
9.50%Gross Profit (TTM)
40.21BUSDvs all stocks (USD)
EBITDA (TTM)
18.76BUSDvs all stocks (USD)
Net Income (TTM)
10.73BUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
15.30%Operating Cash Flow (TTM)
13.99BUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
13.11BUSDvs all stocks (USD)
Forward Annual Dividend Rate
6.76USDUpdated Jul 19, 2026Forward Annual Dividend Yield
3.18%vs all stocks
Trailing Annual Dividend Rate
6.73USDUpdated Jul 19, 2026Trailing Annual Dividend Yield
3.16%vs all stocks
5-Year Average Dividend Yield
3.91%vs all stocks
Payout Ratio
59.47%Minority Interest (Equity)
93.00MUSDFY2025 · Dec 31, 2025Revenue
67.54BUSDFY2025 · Dec 31, 2025Cost of Goods Sold
28.24BUSDFY2025 · Dec 31, 2025Gross Profit
39.30BUSDFY2025 · Dec 31, 2025Operating Income
12.49BUSDvs all stocks (USD)
Pre-tax Income
10.33BUSDFY2025 · Dec 31, 2025Income Tax Expense
-242.00MUSDFY2025 · Dec 31, 2025Net Income
10.59BUSDFY2025 · Dec 31, 2025EBIT
12.26BUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
18.31BUSDFY2025 · Dec 31, 2025Research & Development
8.32BUSDFY2025 · Dec 31, 2025Selling, General & Administrative
18.14BUSDFY2025 · Dec 31, 2025Other Operating Expenses
-964.00MUSDFY2025 · Dec 31, 2025Non-operating Interest Income
645.00MUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
1.94BUSDFY2025 · Dec 31, 2025EPS (Basic)
11.36USDFY2025 · Dec 31, 2025EPS (Diluted)
11.17USDFY2025 · Dec 31, 2025Basic Shares Outstanding
932.30MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
932.30MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
10.59BUSDFY2025 · Dec 31, 2025Operating Cash Flow
13.23BUSDFY2025 · Dec 31, 2025Free Cash Flow
12.26BUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
13.64BUSDFY2025 · Dec 31, 2025Income Tax Paid
1.95BUSDFY2025 · Dec 31, 2025Interest Paid
2.04BUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
10.59BUSDFY2025 · Dec 31, 2025Depreciation & Amortization
5.02BUSDFY2025 · Dec 31, 2025Deferred Taxes (CF)
-957.00MUSDFY2025 · Dec 31, 2025Stock-based Compensation
1.72BUSDFY2025 · Dec 31, 2025Other Non-cash Items
-1.00MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-4.28BUSDFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
624.00MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
515.00MUSDFY2025 · Dec 31, 2025Capital Expenditures
-970.00MUSDFY2025 · Dec 31, 2025Net Intangibles (CF)
-647.00MUSDFY2025 · Dec 31, 2025Net Acquisitions
-8.29BUSDFY2025 · Dec 31, 2025Purchase of Investments
-10.10BUSDFY2025 · Dec 31, 2025Sale of Investments
9.70BUSDFY2025 · Dec 31, 2025Other Investing Activity
1.00MUSDFY2025 · Dec 31, 2025Net Investing Cash Flow
-9.65BUSDFY2025 · Dec 31, 2025Long-term Debt Issuance
8.39BUSDFY2025 · Dec 31, 2025Long-term Debt Payments
-5.49BUSDFY2025 · Dec 31, 2025Net Short-term Debt Issuance
-29.00MUSDFY2025 · Dec 31, 2025Common Stock Repurchase
-1.02BUSDFY2025 · Dec 31, 2025Common Dividends Paid
-6.25BUSDFY2025 · Dec 31, 2025Other Financing Charges
-139.00MUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
-3.83BUSDFY2025 · Dec 31, 2025Shares Outstanding
939.89MSharesUpdated Jul 19, 2026Float Shares
937.88MSharesUpdated Jul 19, 2026Shares Short
34.28MSharesUpdated Jul 19, 2026Short Ratio
3.26daysvs all stocks
Short % of Shares Outstanding
4.05%vs all stocks
% Held by Insiders
0.12%vs all stocks
% Held by Institutions
65.54%vs all stocks
Total Cash (MRQ)
11.78BUSDvs all stocks (USD)
Total Cash per Share (MRQ)
12.54USDUpdated Jul 19, 2026Total Debt (MRQ)
69.80BUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
2.11xCurrent Ratio (MRQ)
0.7960xBook Value per Share (MRQ)
35.08USDUpdated Jul 19, 2026Total Assets
151.88BUSDvs all stocks (USD)
Total Current Assets
36.94BUSDFY2025 · Dec 31, 2025Total Liabilities
119.14BUSDFY2025 · Dec 31, 2025Total Non-current Assets
114.93BUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
80.48BUSDFY2025 · Dec 31, 2025Total Current Liabilities
38.66BUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
13.59BUSDFY2025 · Dec 31, 2025Other Short-term Investments
830.00MUSDFY2025 · Dec 31, 2025Accounts Receivable
8.11BUSDFY2025 · Dec 31, 2025Inventory
1.22BUSDFY2025 · Dec 31, 2025Accounts Payable
4.76BUSDFY2025 · Dec 31, 2025Short-term Debt
7.22BUSDFY2025 · Dec 31, 2025Deferred Revenue
16.10BUSDFY2025 · Dec 31, 2025Long-term Debt
57.38BUSDFY2025 · Dec 31, 2025Other Non-current Liabilities
1.07BUSDFY2025 · Dec 31, 2025Common Stock (Book)
63.32BUSDFY2025 · Dec 31, 2025Retained Earnings
155.65BUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
32.74BUSDvs all stocks (USD)
Treasury Stock
170.60BUSDFY2025 · Dec 31, 202552-Week Low
204.44USDUpdated Jul 19, 202652-Week High
332.46USDUpdated Jul 19, 202652-Week Change
-25.30%vs all stocks
Beta
0.6750xvs all stocks
50-Day MA
262.20USDUpdated Jul 19, 2026200-Day MA
274.62USDUpdated Jul 19, 2026Avg 10-Day Volume
14.83MSharesUpdated Jul 19, 2026Avg 30-Day Volume
10.86MSharesUpdated Jul 19, 2026Diluted EPS (TTM)
11.30USDUpdated Jul 19, 2026Other Income / Expense
-873.00MUSDFY2025 · Dec 31, 20256 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Diagnostic
Elevated ROE With High Debt-to-Equity and Equity Multiplier
Return on equity reads high on a balance sheet carrying a lot of debt against that equity.
Reads
Cumulative Treasury Stock Significant With Elevated ROE And FCF-To-Equity
It has bought back shares for years, and its equity earns more than its industry and yields heavy free cash flow.
Reads
FCF Ratios Elevated
Its free cash flow is large next to assets and equity, and more of its operating cash reaches it than in its industry.
Reads
Minimal Tax and Interest Drag
Almost nothing is lost between its operating profit and its net income.
Reads
Is this company growing?
Multi-Year Revenue, Profit, And Income Growth
Revenue has risen in each of three years, gross profit in each of four, and it has made a profit in all five.
Reads
Where is this company structurally exposed?
Elevated Leverage on Three Denominators
Debt sits high against its equity, its assets, and its cash flow.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Returns appear driven by leverageSignificant
Return on Equity: 0.36Debt-to-Equity: 2.11
Financial Health
Altman Z-Score 3.14: safe zoneNotable
Altman Z-Score: 3.14
High earnings qualityNotable
Earnings Quality Score: 1.26
Supply Chain
Midstream position: 6 outgoing, 9 incoming connectionsNotable
Outgoing: 6.00Incoming: 9.00
High connectivity hub: 15 industry connectionsNotable
Total Connections: 15.00
Scale
Market cap is $199.89B, higher than 95% of all stocks globallySignificant
Market cap (USD): 199,885,402,497Global P95: 25,614,208,870.135
Revenue is $68.91B, higher than 95% of all stocks globallySignificant
Revenue (USD): 68,910,997,504Global P95: 14,667,937,174.886
Levered free cash flow is $13.11B, higher than 95% of all stocks globallySignificant
Levered free cash flow (USD): 13,114,500,096Global P95: 1,123,592,359.78
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