International Business Machines Corporation
IBM | NYSE
$259.61
+$1.80 (+0.70%)
Nov 2, 2026, 12:14 PM ET · Market open
Market Data
Market Cap $245.37B
Enterprise Value $299.74B
Beta 0.72
Average Volume 7.63M
Shares Outstanding (Diluted) 953.52M
Shares Change YoY 0.49%
Institutional Ownership 65.99%
Exchange NYSE
ISIN US4592001014
Price Performance
Price Change 1M 16.6%
Price Change 3M 14.7%
Price Change 6M 13.1%
Price Change YTD -12.4%
Price Change 1Y -14.8%
Price Change 3Y 75.5%
Price Change 5Y 113.6%
1M CAGR (ann.) 12.3%
1Y CAGR (ann.) -14.2%
5Y CAGR (ann.) 20.6%
All-Time CAGR 10.3%
Valuation
PE Ratio 21.92
Forward PE 19.21
PEG Ratio 0.55
Forward PEG 2.37
PS Ratio 3.49
Forward PS 3.30
PB Ratio 6.86
P/FCF Ratio 16.99
P/Adj. FCF Ratio 18.93
P/OCF Ratio 15.38
EV/Sales 4.29
EV/EBIT 24.11
EV/EBITDA 16.91
EV/FCF 20.90
Earnings Yield 4.6%
FCF Yield 5.9%
Adj. FCF Yield 5.3%
Financial Health
Net Debt $53.51B
Total Debt $67.14B
Cash & Short-Term Investments $11.06B
Total Assets $155.01B
Current Ratio 0.85
Quick Ratio 0.80
Debt / Equity Ratio 1.89
Debt / EBITDA 3.79
Debt / FCF 4.68
OCF / Debt 0.24
Interest Coverage 6.52
Altman Z-Score 3.32
Piotroski F-Score 6
Margins & Profitability
Gross Profit Margin 58.0%
Operating Profit Margin 18.0%
EBITDA Margin 25.4%
Net Profit Margin 16.0%
FCF Margin 20.5%
Adj. FCF Margin 18.4%
SBC / Revenue 2.1%
SBC Impact (per share) -10.3%
Returns
Return on Assets 7.2%
Return on Equity 33.0%
Return on Invested Capital 9.9%
Return on Capital Employed 10.6%
Return on Tangible Assets 16.8%
Historical Growth (CAGR)
Revenue CAGR 3Y 4.5%
Revenue CAGR 5Y 2.7%
Revenue CAGR 10Y -1.4%
EPS CAGR 3Y 16.0%
EPS CAGR 5Y 17.3%
EPS CAGR 10Y -0.4%
FCF CAGR 3Y 7.6%
FCF CAGR 5Y 1.8%
FCF CAGR 10Y 0.1%
Analyst Forecasts
Analyst Rating Buy
Analyst Count 17
EPS Growth Next 3Y 5.8%
Revenue Growth Next 3Y 5.1%
Earnings Date Jan 27, 2027
EPS Estimate (next Q) $4.63
EPS Growth Est (next Q) 2.4%
Revenue Est (next Q) $20.4B
Revenue Growth Est (next Q) 3.6%
Fair Value Estimates
Graham Number $100.72
Graham Upside -60.9%
Lynch Fair Value $203.68
Lynch Upside -21.0%
Price Target $271.07
Price Target Upside 5.1%
Cash Flow
Operating Cash Flow $15.83B
Free Cash Flow $14.34B
Adj. Free Cash Flow $12.87B
FCF Per Share $15.19
OCF Per Share $16.76
OCF/S Ratio 22.7%
Income Statement
Revenue $69.87B
Gross Profit $40.5B
Operating Income $12.56B
EBITDA $17.73B
Net Income $11.17B
EPS (Diluted) $11.76
Revenue / Employee $264.35K
Profit / Employee $42.26K
Employees 264,300
Dividends
Annual Dividend $6.74
Dividend Yield 2.61%
Payout Ratio 57.3%
FCF Payout Ratio 44.2%
Adj. FCF Payout Ratio 49.2%
Dividend Growth (YoY) 0.6%
Pay Frequency Quarterly
Ex-Dividend Date Nov 10, 2026
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