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NYSE · CIK 0000051143 · COMPUTER & OFFICE EQUIPMENT

INTERNATIONAL BUSINESS MACHINES CORPORATION

IBM chart by TradingView
P/E 25.0xP/B 7.8xP/SALES 3.9xEV/EBITDA FCF YIELD 5.14%

PRICE HISTORY

LIVE · NYSE
IBM chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$67.5B
EBITDA
FREE CASH FLOW
$12.1B
EPS
$11.17
GROSS MARGIN
58.19%
ROIC
14.33%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

25.0x
+103%
LATEST · Q2 FY26
25.0xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
10.5x85.1x

P / SALES (TTM)

3.9x
+114%
LATEST · Q2 FY26
3.9xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.2x4.4x

P / BOOK

7.8x
-9%
LATEST · Q2 FY26
7.8xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
4.7x10.2x

EV / EBITDA (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EV / REVENUE (TTM)

4.6x
+106%
LATEST · Q2 FY26
4.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.6x5.0x

FCF YIELD (TTM)

5.14%
-5.3pp
LATEST · Q2 FY26
5.14%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
4.31%14.43%

DIVIDEND YIELD (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$17.2B
-11%
LATEST · Q2 FY26
17.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$2.2B
-24%
LATEST · Q2 FY26
2.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$2.27
-24%
LATEST · Q2 FY26
2.27Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

1.09%
+1.4pp
LATEST · Q2 FY26
1.09%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-89.23%767.22%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

13.80%
-3.6pp
LATEST · Q2 FY26
13.80%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
6.32%269.19%

RETURN ON CAPITAL

12.85%
-10.8pp
LATEST · Q2 FY26
12.85%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
2.21%23.62%

RETURN ON EQUITY (TTM)

31.13%
-38.4pp
LATEST · Q2 FY26
31.13%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
6.29%69.57%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN57.73%
OPERATING MARGIN
NET MARGIN12.62%
FCF MARGIN13.80%
334.44237.05139.6642.27-55.12GROSSNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$2.4B
-29%
LATEST · Q2 FY26
2.4BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

$0.5B
+251%
LATEST · Q2 FY26
0.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

$0.2B
-70%
LATEST · Q2 FY26
0.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.95B
-0%
LATEST · Q2 FY26
0.95BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$7.2B
-21%
LATEST · Q2 FY26
7.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$56.2B
+33%
LATEST · Q2 FY26
56.2BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 65.86%INSIDERS 0.11%OTHER / RETAIL 34.03%4,433 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.8.23%77.6M$18.40B-0.4%
Vanguard Capital Management LLC6.46%60.8M$14.44BNEW
State Street Corporation5.79%54.6M$12.95B-0.7%
Vanguard Portfolio Management LLC2.94%27.7M$6.56BNEW
Geode Capital Management, LLC2.45%23.1M$5.48B+2.1%
Morgan Stanley2.08%19.6M$4.66B+32.1%
JPMORGAN CHASE & CO1.97%18.5M$4.40B+22.0%
Capital World Investors1.81%17.1M$4.05B-22.5%
Bank of America Corporation1.71%16.1M$3.81B+7.0%
Northern Trust Corporation1.09%10.3M$2.45B+1.7%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.