International Business Machines (IBM) Key Ratios
$248.02
As on 05-Nov-2026 13:44EST
Market cap
$244,106 Mln
Revenue (TTM)
$69,869 Mln
P/E Ratio
22
P/B Ratio
6.7
Div. Yield
2.7 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -0.34 | 4.73 | 6.83 | 4.53 | 2.74 |
| EBIT | 0.84 | 2.26 | 9.30 | 8.41 | 22.94 |
| Net Profit | 1.11 | 25.52 | 41.27 | 17.28 | 16.20 |
| EPS | 1.02 | 24.91 | 40.20 | 15.87 | 17.30 |
| Book Value | -- | -- | 18.30 | 12.68 | 8.26 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| 14.09 | 11.69 | 17.79 | 18.16 | 11.97 |
| Net Margin
| -- | 10.17 | 15.99 | -- | -- |
| Return on equity
| 31.08 | 26.03 | 32.61 | 35.34 | 24.17 |
| Return on Capital
| 9.35 | 7.50 | -- | 11.42 | 7.16 |
| Return on Assets
| 5.82 | 4.54 | 5.99 | 7.33 | 4.42 |
| Debt to Equity (x)
| -- | -- | 1.60 | 2.06 | 2.14 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
--
|
11.42
|
7.16
|
9.47
|
2.19
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
32.61
Higher than Peers by 13.56
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
32.61
|
35.34
|
24.17
|
33.73
|
8.01
|
|
Peer Median
|
19.05
|
--
|
--
|
--
|
--
|
ROA
5.99
Higher than Peers by 1.01
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
5.99
|
7.33
|
4.42
|
5.72
|
1.27
|
|
Peer Median
|
4.98
|
--
|
--
|
--
|
--
|
EBIT Margin
17.79
Higher than Peers by 6.55
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
17.79
|
18.16
|
11.97
|
12.15
|
3.92
|
|
Peer Median
|
11.24
|
--
|
--
|
--
|
--
|
Net Margin
15.99
Higher than Peers by 7.77
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
15.99
|
15.68
|
9.60
|
12.13
|
2.71
|
|
Peer Median
|
8.22
|
--
|
--
|
--
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
6.83
Lower than Peers by 1.43
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
6.83
|
0.08
|
0.01
|
0.02
|
0.06
|
|
Peer Median
|
8.26
|
--
|
--
|
--
|
--
|
EBIT Growth
9.30
Lower than Peers by 5.28
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
9.30
|
63.31
|
-0.07
|
216.78
|
-66.22
|
|
Peer Median
|
14.59
|
--
|
--
|
--
|
--
|
Net Profit Growth
41.27
Higher than Peers by 26.85
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
41.27
|
75.88
|
-19.71
|
357.44
|
-71.44
|
|
Peer Median
|
14.42
|
--
|
--
|
--
|
--
|
EPS Growth
40.20
Higher than Peers by 17.82
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
40.20
|
0.74
|
-0.21
|
3.52
|
-0.72
|
|
Peer Median
|
22.37
|
--
|
--
|
--
|
--
|
Book Value Growth
26.73
Higher than Peers by 13.13
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
26.73
|
--
|
--
|
--
|
--
|
|
Peer Median
|
13.60
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
1.60
Higher than Peers by 1.24
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
1.60
|
2.06
|
2.14
|
2.66
|
2.46
|
|
Peer Median
|
0.36
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.22
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
0.22
|
0.22
|
0.21
|
0.32
|
0.26
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.85
Lower than Peers by 0.53
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
0.85
|
0.93
|
1.04
|
0.96
|
0.92
|
|
Peer Median
|
1.38
|
--
|
--
|
--
|
--
|
Quick Ratio
0.80
Lower than Peers by 0.56
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
0.80
|
0.90
|
1.00
|
0.93
|
0.87
|
|
Peer Median
|
1.36
|
--
|
--
|
--
|
--
|
Interest Coverage
6.45
Lower than Peers by 2.78
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
6.45
|
6.34
|
4.39
|
4.68
|
1.95
|
|
Peer Median
|
9.23
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
19.86
Higher than Peers by 1.21
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
19.86
|
26.12
|
22.33
|
22.56
|
11.57
|
|
Peer Median
|
18.65
|
--
|
--
|
--
|
--
|
Asset Turnover
0.37
Lower than Peers by 0.15
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
0.37
|
0.47
|
0.46
|
0.47
|
0.47
|
|
Peer Median
|
0.52
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
--
|
85.58
|
81.39
|
61.88
|
66.32
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
--
|
16.23
|
16.45
|
17.98
|
21.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
--
|
56.83
|
54.81
|
54.22
|
52.51
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
--
|
44.98
|
43.02
|
25.64
|
34.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
22.04
Lower than Peers by 4.99
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
22.04
|
26.63
|
34.40
|
20.22
|
78.68
|
|
Peer Median
|
27.02
|
--
|
--
|
--
|
--
|
Price / Book Value
6.73
Higher than Peers by 1.35
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
6.73
|
8.64
|
7.59
|
6.73
|
5.88
|
|
Peer Median
|
5.39
|
--
|
--
|
--
|
--
|
Dividend Yield
2.66
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
2.66
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
16.66
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
16.66
|
19.37
|
20.61
|
26.37
|
24.30
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
244,106
Higher than Peers by 242,664
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
244,106
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,442
|
--
|
--
|
--
|
--
|