International Business Machines Corporation (IBM)

IBM Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	264,128	203,265	149,341	127,382	119,866	112,166
Market Cap Growth	36.61%	36.11%	17.24%	6.27%	6.87%	-5.51%
Enterprise Value	317,112	249,771	196,963	171,710	170,918	167,084
Last Close Price	284.31	215.47	154.72	126.97	114.77	98.29
PE Ratio	45.89	33.75	19.91	77.72	20.87	20.07
Forward PE	24.29	21.12	16.60	14.63	12.81	14.22
PS Ratio	4.12	3.24	2.41	2.10	2.09	2.03
PB Ratio	9.63	7.42	6.60	5.79	6.31	5.41
P/FCF Ratio	21.64	16.40	11.77	14.02	11.17	7.20
P/OCF Ratio	19.94	15.12	10.72	12.21	9.37	6.16
PEG Ratio	3.40	4.80	3.08	1.77	1.86	7.57
EV/Sales Ratio	4.95	3.98	3.18	2.84	2.98	3.03
EV/EBITDA Ratio	22.36	19.38	15.46	15.94	15.11	14.71
EV/EBIT Ratio	29.16	25.52	19.89	22.83	30.61	35.84
EV/FCF Ratio	25.91	20.15	15.53	18.89	15.92	10.73
Debt / Equity Ratio	2.46	2.13	2.65	2.45	2.90	3.14
Debt / EBITDA Ratio	4.37	4.11	4.27	4.49	4.33	5.05
Debt / FCF Ratio	5.53	4.71	4.72	5.94	5.14	4.18
Asset Turnover	0.45	0.46	0.47	0.47	0.40	0.36
Inventory Turnover	21.57	21.90	20.04	17.14	14.64	13.84
Quick Ratio	0.76	0.88	0.82	0.74	0.68	0.78
Current Ratio	0.91	1.04	0.96	0.92	0.88	0.98
Return on Equity (ROE)	22.66%	24.06%	33.67%	8.69%	23.73%	18.85%
Return on Assets (ROA)	4.81%	4.49%	4.72%	3.63%	2.42%	1.89%
Return on Capital (ROIC)	7.58%	7.27%	7.81%	6.26%	4.36%	3.33%
Return on Capital Employed (ROCE)	9.80%	9.40%	9.80%	7.90%	5.70%	4.00%
Earnings Yield	2.20%	2.96%	5.02%	1.29%	4.79%	4.98%
FCF Yield	4.62%	6.10%	8.49%	7.13%	8.96%	13.89%
Dividend Yield	2.37%	3.09%	4.29%	5.19%	5.71%	6.62%
Payout Ratio	108.44%	102.06%	80.51%	362.90%	102.19%	103.70%
Buyback Yield / Dilution	-1.49%	-1.64%	-1.07%	-0.84%	-0.90%	-0.42%
Total Shareholder Return	0.87%	1.46%	3.21%	4.35%	4.81%	6.20%

Updated Jul 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q