Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM's products, including Red Hat, watsonx, and mainframes, handle some of the world's most important data workloads in areas like finance and retail.
Employees287,000IPOJun 30, 1999SIC7373HQOne New Orchard Road, Armonk, NY, USA, 10504
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Financials
Profitability
Metric
Current
Margins
Gross Margin
58.2%
Operating Margin
18.5%
EBITDA Margin
25.6%
Net Margin
15.7%
OCF Margin
—
FCF Margin
17.0%
Returns on Capital
ROE
37.2%
ROA
7.3%
ROIC
9.1%
ROCE
11.2%
ROC (Greenblatt)
135.2%
3Y ROIIC
18.7%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
23.01
Forward P/E
19.34
P/E ex-NRI
22.17
Shiller P/E (CAPE)
27.29
Cash Flow Multiples
P/FCF
21.25
P/OCF
18.45
P/Owner Earnings
21.95
FCF Yield
4.72%
Enterprise Value Multiples
EV / EBIT
23.90
EV / Forward EBIT
19.55
EV / EBITDA
16.95
EV / Forward EBITDA
14.85
EV / Revenue
4.34
EV / Forward Revenue
4.12
Asset / Sales
P/S
3.60
P/B
7.36
P/Tangible Book
—
Growth-Adjusted
PEG
2.74
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
2.80%
Forward Dividend Yield
2.80%
3Y Dividend Growth
0.6%
Payout Ratio
0.58
5Y Yield on Cost
2.89%
Buybacks & Dilution
3Y Buyback Ratio
−1.10%
5Y Share Change
5.8%
Combined
Shareholder Yield
0.27%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
1.98
Gross Debt / EBITDA
3.74
Cash / Debt
0.22
Equity / Assets
0.22
Coverage
Interest Coverage
6.46
Short-Term Liquidity
Current Ratio
0.96
Quick Ratio
0.92
Cash Ratio
0.37
Composite Scores
Piotroski F-Score
6
Altman Z-Score
3.34
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-02-10
$1.68
2026-03-10
2025-11-10
$1.68
2025-12-10
2025-08-08
$1.68
2025-09-10
2025-05-09
$1.68
2025-06-10
2025-02-10
$1.67
2025-03-10
2024-11-12
$1.67
2024-12-10
2024-08-09
$1.67
2024-09-10
2024-05-09
$1.67
2024-06-10
2024-02-08
$1.66
2024-03-09
2023-11-09
$1.66
2023-12-09
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Transcript
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5-Step DuPont Analysis
ROE %
35.34%
×
×
Net Margin %
15.69%
×
×
Operating Margin %
18.06%
Operating Income
$12.20B
÷
Revenue
$67.53B
×
Tax Burden
1.0256
Net Income
$10.59B
÷
Pretax Income
$10.33B
×
Interest Burden
0.8467
Pretax Income
$10.33B
÷
Operating Income
$12.20B
×
Asset Turnover
0.47
÷
Revenue
$67.53B
÷
Average Total Assets
$144.53B
Begin Total Assets
$137.18B
End Total Assets
$151.88B
×
Equity Multiplier
4.82
÷
Avg Total Assets
$144.53B
÷
Avg Stockholders Equity
$29.98B
Begin Equity
$27.31B
End Equity
$32.65B