International Business Machines (IBM) Key Ratios
$234.89
As on 04-Sep-2026 19:44EDT
Market cap
$221,128 Mln
Revenue (TTM)
$69,097 Mln
P/E Ratio
20.6
P/B Ratio
6.3
Div. Yield
2.9 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 7.82 | 1.09 | 7.90 | 4.51 | 1.13 |
| EBIT | 59.30 | -4.70 | 53.06 | 55.85 | 17.71 |
| Net Profit | 78.04 | -1.32 | 83.87 | 74.31 | 12.94 |
| EPS | 77.93 | -1.94 | 82.67 | 73.52 | 13.73 |
| 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 | 17.90 | 18.16 | 11.97 |
| Net Margin
| -- | 10.17 | 15.52 | -- | -- |
| Return on equity
| 31.08 | 26.03 | 31.97 | 35.34 | 24.17 |
| Return on Capital
| 9.35 | 7.50 | -- | 11.42 | 7.16 |
| Return on Assets
| 5.82 | 4.54 | 5.73 | 7.33 | 4.42 |
| Debt to Equity (x)
| -- | -- | 1.63 | 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
31.97
Higher than Peers by 13.11
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
31.97
|
35.34
|
24.17
|
33.73
|
8.01
|
|
Peer Median
|
18.86
|
--
|
--
|
--
|
--
|
ROA
5.73
Higher than Peers by 0.69
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
5.73
|
7.33
|
4.42
|
5.72
|
1.27
|
|
Peer Median
|
5.04
|
--
|
--
|
--
|
--
|
EBIT Margin
17.90
Higher than Peers by 6.40
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
17.90
|
18.16
|
11.97
|
12.15
|
3.92
|
|
Peer Median
|
11.50
|
--
|
--
|
--
|
--
|
Net Margin
15.52
Higher than Peers by 7.10
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)
|
15.52
|
15.68
|
9.60
|
12.13
|
2.71
|
|
Peer Median
|
8.43
|
--
|
--
|
--
|
--
|
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
7.90
Lower than Peers by 1.28
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
7.90
|
0.08
|
0.01
|
0.02
|
0.06
|
|
Peer Median
|
9.18
|
--
|
--
|
--
|
--
|
EBIT Growth
53.06
Higher than Peers by 38.48
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
53.06
|
63.31
|
-0.07
|
216.78
|
-66.22
|
|
Peer Median
|
14.59
|
--
|
--
|
--
|
--
|
Net Profit Growth
83.87
Higher than Peers by 69.45
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
83.87
|
75.88
|
-19.71
|
357.44
|
-71.44
|
|
Peer Median
|
14.42
|
--
|
--
|
--
|
--
|
EPS Growth
82.67
Higher than Peers by 59.33
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
82.67
|
0.74
|
-0.21
|
3.52
|
-0.72
|
|
Peer Median
|
23.34
|
--
|
--
|
--
|
--
|
Book Value Growth
24.45
Higher than Peers by 10.16
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
24.45
|
--
|
--
|
--
|
--
|
|
Peer Median
|
14.29
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
1.63
Higher than Peers by 1.28
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
1.63
|
2.06
|
2.14
|
2.66
|
2.46
|
|
Peer Median
|
0.35
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.19
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
0.19
|
0.22
|
0.21
|
0.32
|
0.26
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
0.79
Lower than Peers by 0.65
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
0.79
|
0.93
|
1.04
|
0.96
|
0.92
|
|
Peer Median
|
1.44
|
--
|
--
|
--
|
--
|
Quick Ratio
0.74
Lower than Peers by 0.68
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
0.74
|
0.90
|
1.00
|
0.93
|
0.87
|
|
Peer Median
|
1.42
|
--
|
--
|
--
|
--
|
Interest Coverage
6.41
Lower than Peers by 2.60
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
6.41
|
6.34
|
4.39
|
4.68
|
1.95
|
|
Peer Median
|
9.01
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
20.33
Higher than Peers by 1.44
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
International Business Machines (IBM)
|
20.33
|
26.12
|
22.33
|
22.56
|
11.57
|
|
Peer Median
|
18.89
|
--
|
--
|
--
|
--
|
Asset Turnover
0.37
Lower than Peers by 0.12
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
|
0.49
|
--
|
--
|
--
|
--
|
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
20.57
Lower than Peers by 4.87
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)
|
20.57
|
26.63
|
34.40
|
20.22
|
78.68
|
|
Peer Median
|
25.44
|
--
|
--
|
--
|
--
|
Price / Book Value
6.33
Higher than Peers by 0.58
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)
|
6.33
|
8.64
|
7.59
|
6.73
|
5.88
|
|
Peer Median
|
5.74
|
--
|
--
|
--
|
--
|
Dividend Yield
2.90
--
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)
|
2.90
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
15.66
--
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)
|
15.66
|
19.37
|
20.61
|
26.37
|
24.30
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
221,128
Higher than Peers by 219,816
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)
|
221,128
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1,312
|
--
|
--
|
--
|
--
|