International Business Machines (IBM) Ratios
68 Followers
International Business Machines Ratios
DE:IBM's free cash flow for Q3 2026 was $3.54B. For the 2026 fiscal year, DE:IBM's free cash flow was decreased by $-486.00M and operating cash flow was $4.03B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.93 | 1.04 | 0.96 | 0.92 | 0.88 |
| Quick Ratio | 0.90 | 1.00 | 0.93 | 0.87 | 0.83 |
| Cash Ratio | 0.35 | 0.42 | 0.38 | 0.25 | 0.20 |
| Solvency Ratio | 0.13 | 0.10 | 0.11 | 0.06 | 0.11 |
| Operating Cash Flow Ratio | 0.34 | 0.41 | 0.41 | 0.33 | 0.38 |
| Short-Term Operating Cash Flow Coverage | 1.83 | 2.64 | 2.17 | 2.19 | 1.89 |
| Net Current Asset Value | $ -83.28B | $ -75.30B | $ -79.72B | $ -76.10B | $ -83.47B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.44 | 0.43 | 0.44 | 0.42 | 0.42 |
| Debt-to-Equity Ratio | 2.06 | 2.14 | 2.66 | 2.46 | 2.92 |
| Debt-to-Capital Ratio | 0.67 | 0.68 | 0.73 | 0.71 | 0.74 |
| Long-Term Debt-to-Capital Ratio | 0.64 | 0.65 | 0.69 | 0.68 | 0.70 |
| Financial Leverage Ratio | 4.65 | 5.02 | 6.00 | 5.80 | 6.98 |
| Debt Service Coverage Ratio | 1.91 | 1.82 | 1.68 | 1.31 | 1.55 |
| Interest Coverage Ratio | 6.46 | 5.88 | 6.11 | 6.72 | 5.94 |
| Debt to Market Cap | 0.23 | 0.27 | 0.38 | 0.40 | 0.43 |
| Interest Debt Per Share | 74.11 | 64.14 | 67.54 | 61.18 | 62.83 |
| Net Debt to EBITDA | 3.10 | 3.65 | 3.19 | 6.43 | 3.91 |
| Profitability Margins | |||||
| Gross Profit Margin | 58.19% | 56.65% | 55.45% | 54.00% | 54.90% |
| EBIT Margin | 18.16% | 11.97% | 16.65% | 3.92% | 10.45% |
| EBITDA Margin | 25.59% | 19.40% | 23.75% | 11.85% | 21.64% |
| Operating Profit Margin | 18.50% | 16.05% | 15.88% | 13.50% | 11.97% |
| Pretax Profit Margin | 15.29% | 9.24% | 14.05% | 1.91% | 8.43% |
| Net Profit Margin | 15.68% | 9.60% | 12.13% | 2.71% | 10.01% |
| Continuous Operations Profit Margin | 15.65% | 9.59% | 12.15% | 2.95% | 8.22% |
| Net Income Per EBT | 102.57% | 103.90% | 86.33% | 141.87% | 118.71% |
| EBT Per EBIT | 82.68% | 57.54% | 88.48% | 14.14% | 70.46% |
| Return on Assets (ROA) | 6.97% | 4.39% | 5.55% | 1.29% | 4.35% |
| Return on Equity (ROE) | 32.45% | 22.06% | 33.29% | 7.47% | 30.38% |
| Return on Capital Employed (ROCE) | 11.03% | 9.68% | 9.71% | 8.54% | 6.98% |
| Return on Invested Capital (ROIC) | 10.37% | 9.17% | 7.84% | 8.06% | 6.30% |
| Return on Tangible Assets | 14.56% | 9.15% | 11.72% | 2.73% | 8.99% |
| Earnings Yield | 3.84% | 2.92% | 5.03% | 1.29% | 4.79% |
| Efficiency Ratios | |||||
| Receivables Turnover | 3.83 | 4.48 | 4.43 | 8.64 | 7.94 |
| Payables Turnover | 5.94 | 6.75 | 6.67 | 6.87 | 6.54 |
| Inventory Turnover | 23.15 | 21.10 | 23.74 | 17.94 | 15.69 |
| Fixed Asset Turnover | 7.48 | 7.03 | 7.09 | 7.37 | 6.43 |
| Asset Turnover | 0.44 | 0.46 | 0.46 | 0.48 | 0.43 |
| Working Capital Turnover Ratio | -92.64 | 996.08 | -34.36 | -18.72 | -23.98 |
| Cash Conversion Cycle | 49.63 | 44.68 | 43.00 | 9.48 | 13.44 |
| Days of Sales Outstanding | 95.33 | 81.49 | 82.35 | 42.24 | 45.98 |
| Days of Inventory Outstanding | 15.77 | 17.30 | 15.38 | 20.35 | 23.27 |
| Days of Payables Outstanding | 61.47 | 54.10 | 54.72 | 53.11 | 55.81 |
| Operating Cycle | 111.10 | 98.79 | 97.72 | 62.59 | 69.25 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 14.15 | 14.35 | 15.29 | 11.56 | 14.28 |
| Free Cash Flow Per Share | 12.98 | 12.55 | 13.30 | 9.38 | 11.19 |
| Dividend Paid and CapEx Coverage Ratio | 1.80 | 1.72 | 1.77 | 1.32 | 1.48 |
| Capital Expenditure Coverage Ratio | 12.09 | 7.98 | 7.70 | 5.29 | 4.62 |
| Operating Cash Flow Coverage Ratio | 0.20 | 0.23 | 0.23 | 0.19 | 0.23 |
| Operating Cash Flow to Sales Ratio | 0.20 | 0.21 | 0.23 | 0.17 | 0.22 |
| Free Cash Flow Yield | 4.38% | 5.71% | 8.13% | 6.65% | 8.37% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 26.07 | 33.66 | 19.87 | 77.55 | 20.86 |
| Price-to-Sales (P/S) Ratio | 4.09 | 3.28 | 2.41 | 2.10 | 2.09 |
| Price-to-Book (P/B) Ratio | 8.46 | 7.54 | 6.61 | 5.80 | 6.34 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 22.82 | 17.52 | 12.30 | 15.03 | 11.94 |
| Price-to-Operating Cash Flow Ratio | 20.93 | 15.32 | 10.70 | 12.19 | 9.36 |
| Price-to-Earnings Growth (PEG) Ratio | 0.35 | -1.63 | 0.06 | -1.08 | 10.08 |
| Enterprise Value Multiple | 19.07 | 20.57 | 13.33 | 24.16 | 13.56 |
| Enterprise Value | 329.67B | 250.47B | 195.90B | 173.30B | 168.25B |
| EV to EBITDA | 19.07 | 20.57 | 13.33 | 24.16 | 13.56 |
| EV to Sales | 4.88 | 3.99 | 3.17 | 2.86 | 2.93 |
| EV to Free Cash Flow | 27.24 | 21.30 | 16.16 | 20.48 | 16.78 |
| EV to Operating Cash Flow | 24.99 | 18.63 | 14.06 | 16.61 | 13.15 |
| Tangible Book Value Per Share | -49.74 | -46.92 | -53.34 | -49.98 | -54.86 |
| Shareholders’ Equity Per Share | 35.02 | 29.14 | 24.73 | 24.31 | 21.10 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | -0.02 | -0.04 | 0.14 | -0.54 | 0.03 |
| Revenue Per Share | 72.44 | 66.96 | 67.89 | 67.06 | 64.01 |
| Net Income Per Share | 11.36 | 6.43 | 8.23 | 1.82 | 6.41 |
| Tax Burden | 1.03 | 1.04 | 0.86 | 1.42 | 1.19 |
| Interest Burden | 0.84 | 0.77 | 0.84 | 0.49 | 0.81 |
| Research & Development to Revenue | 0.12 | 0.12 | 0.11 | 0.11 | 0.11 |
| SG&A to Revenue | 0.27 | 0.29 | 0.26 | 0.27 | 0.28 |
| Stock-Based Compensation to Revenue | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Income Quality | 1.25 | 2.23 | 1.86 | 6.37 | 2.23 |
Currency in USD
