International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments.
$234.89
▲ $0.18 (0.08%)Today
Open
$233.33
High
$236.17
Low
$231.68
Volume
3.1M
$199.1952-Week Range$332.46
Current: $234.89 · Mid Range
MARKET CAP
$221.3B
P/E (TTM)
20.9x
P/B RATIO
6.4x
ROE
34.5%
EPS (TTM)▲ 1.1% Rev YoY
$11.25
DIVIDEND YIELD
2.88%
BETA
0.71
Defensive / low-beta
Company Info
Industry
Information Technology Services
Country
United States
Leadership
MA
Mr. Arvind Krishna
Chief Executive Officer
Stock Score
Best Value36/ 100
Val
39
Grw
33
Qly
37
Value 40%·Growth 35%·Quality 25%
Price History
$234.89▼ $-21.20 (-8.28%)
Overlays
Oscillators
Generating analysis...
01 / Income Statement
Income Statement
Revenue & Margin Trend
| Period | Revenue | OpEx | EBITDA | Net Income | EPS |
|---|---|---|---|---|---|
| 2022 | $60.53B | $24.51B | $7.17B | $1.64B | $1.80 |
| 2023 | $61.86B▲ | $24.92B | $14.69B | $7.50B▲ | $8.14 |
| 2024 | $62.75B▲ | $25.48B | $12.18B | $6.02B▼ | $6.43 |
| 2025 | $67.54B▲ | $26.80B | $17.28B | $10.59B▲ | $11.17 |
02 / Balance Sheet
Balance Sheet
Cash & Equivalents
$13.59B
Total Debt
$64.61B
Assets Distribution
Current Assets
Non-Current Assets
Liabilities & Equity
Current Liabilities
Non-Current Liabilities
Equity
03 / Cash Flow
Cash Flow
Positive free cash flow of $11.5B — 87% of operating cash flow.
Operating CF
$13.2B
Free Cash Flow
$11.5B
Investing CF
-$10.3B
Financing CF
-$3.8B
Cash Flow Mix
Operating Cash$13.2B
Investing Cash-$10.3B
Financing Cash-$3.8B
Net Change-$938M
FCF Generation
The company converts 87% of operating cash flow into free cash flow, providing ample flexibility for capital allocation.
CapEx Burden
Capital expenditures consume $10.3B of operating cash. Monitor for maintenance vs. growth CapEx split.
Is the cash flow sustainable?
Positive Free Cash Flow
The company has flexibility for dividends, buybacks, debt reduction, or reinvestment in growth opportunities.
04 / Financial Ratios
Financial Ratios
Profitability
Gross Margin
58.2%
Gross Profit / Revenue
Operating Margin
18.5%
Op. Income / Revenue
Net Margin
15.7%
Net Income / Revenue
ROIC
10.9%
Return on Invested Capital
Liquidity & Leverage
Current Ratio
0.96x
Current Assets / Current Liab.
Cash Ratio
0.35x
Cash / Current Liab.
Debt-to-Equity
1.98
Total Debt / Equity
Asset Turnover
0.44
Revenue / Total Assets
Returns
ROE
34.5%
Return on Equity
ROA
5.3%
Return on Assets
EPS (TTM)
$11.25
Earnings Per Share
06 / Historical Trends
Historical Trends
Revenue
+3.7% CAGRNet Income
+86.2% CAGREPS
+83.8% CAGR05 / Dividends
Dividends & Yield
Dividend Yield
2.88%
Annual
Annual Dividend
$6.76
Per Share
Payout Ratio
60.1%
Div / EPS
Est. Div Growth
+0.4%
Approx. YoY
Dividend Safety Assessment
The payout ratio of 60% is moderate. The dividend appears sustainable but leaves limited room for increases without earnings growth.
Recent Dividend Payments
| Date | Amount |
|---|---|
| 2026-08-10 | $1.69 |
| 2026-05-08 | $1.69 |
| 2026-02-10 | $1.68 |
| 2025-11-10 | $1.68 |
| 2025-08-08 | $1.68 |
| 2025-05-09 | $1.68 |
| 2025-02-10 | $1.67 |
| 2024-11-12 | $1.67 |
| 2024-08-09 | $1.67 |
| 2024-05-09 | $1.67 |
Institutional Ownership
Moderate Institutional Support
Top 3 institutional holders control 20.6% of shares, providing a stable foundation of institutional capital.
Retail Influence
Lower institutional concentration means retail sentiment and broader market trends may drive price action more noticeably.
Top Institutional Holders
Blackrock Inc.8.15%
76.76M shares
Vanguard Capital Management LLC6.52%
61.39M shares
State Street Corporation5.95%
56.05M shares
Vanguard Portfolio Management LLC3.01%
28.35M shares
Geode Capital Management, LLC2.49%
23.45M shares
Top ETFs Holding
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund3.17%
29.84M shares
VANGUARD INDEX FUNDS-Vanguard 500 Index Fund2.59%
24.36M shares
iShares Trust-iShares Core S&P 500 ETF1.37%
12.93M shares
Fidelity Concord Street Trust-Fidelity 500 Index Fund1.29%
12.15M shares
SPDR S&P 500 ETF TRUST-State Street SPDR S&P 500 ETF Trust1.21%
11.39M shares
07 / Market Events
Market Events
Upcoming Earnings
OCT
21WED
DateOct 21, 2026
DayWednesday
Revenue Est.$16.8B
EPS Est.$2.89
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2021-11-04 | Forward | 1046:1000 |
| 1999-05-27 | Forward | 2:1 |
| 1997-05-28 | Forward | 2:1 |
| 1979-06-01 | Forward | 4:1 |
| 1973-05-29 | Forward | 5:4 |
08 / Market Intelligence
Market Intelligence
Analyst Consensus
Consensus (25 Ratings)
Buy
Strong Buy
3
Buy
10
Hold
10
Sell
1
Strong Sell
1
Recent Insider Trades
THOMAS ROBERT DAVID
Officer
Sale
25,000 shs
ROBINSON ANNE
Officer
Sale
7,295 shs
FEHRING NICOLAS A.
Officer
Sale
400 shs
HOWARD MICHELLE J.
Director
Purchase
50 shs
Price Targets
Upside to Mean+4.5%
$174$245$350
Low
$174.00
Mean
$245.35
Median
$245.00
High
$350.00
Earnings History
Beat Rate
3/4
Avg Surprise
+4.7%
| Period | Est. EPS | Act. EPS | Surprise |
|---|---|---|---|
| 2025-09 | $2.45 | $2.65 | +8.3% |
| 2025-12 | $4.29 | $4.52 | +5.3% |
| 2026-03 | $1.81 | $1.91 | +5.5% |
| 2026-06 | $2.93 | $2.93 | -0.1% |