IBM
Company Description
International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity. This segment also provides transaction processing software that supports clients' mission-critical and on-premise workloads in banking, airlines, and retail industries. The Consulting segment offers business transformation services, including strategy, business process design and operations, data and analytics, and system integration services; technology consulting services; and application and cloud platform services. The Infrastructure segment provides on-premises and cloud-based server and storage solutions for its clients' mission-critical and regulated workloads; and support services and solutions for hybrid cloud infrastructure, as well as remanufacturing and remarketing services for used equipment. The Financing segment offers lease, installment payment, loan financing, and short-term working capital financing services. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 67.53B | 62.75B | 61.86B | 60.53B | 57.35B | 55.18B | 57.71B | 79.59B | 79.14B | 79.92B | 81.74B | 92.79B |
| Net Income | 10.59B | 6.02B | 7.50B | 1.64B | 5.74B | 5.59B | 9.43B | 8.73B | 5.75B | 11.87B | 13.19B | 12.02B |
| EPS | 11.36 | 6.53 | 8.23 | 1.82 | 6.41 | 6.28 | 10.63 | 9.57 | 6.17 | 12.43 | 13.48 | 11.97 |
| Free Cash Flow | 11.57B | 11.76B | 12.12B | 8.46B | 10.03B | 14.97B | 11.86B | 11.28B | 12.95B | 12.93B | N/A | N/A |
| FCF / Share | 12.42 | 12.55 | 13.30 | 9.38 | 11.19 | 16.81 | 13.37 | 12.37 | 13.88 | 13.54 | N/A | N/A |
| Operating CF | 13.19B | 13.45B | 13.93B | 10.44B | 12.80B | 18.20B | 14.77B | 15.25B | 16.72B | 17.08B | N/A | N/A |
| Total Assets | 151.88B | 137.18B | 135.24B | 127.24B | 132.00B | 155.97B | 152.19B | 123.38B | 125.36B | 117.47B | N/A | N/A |
| Total Debt | 67.15B | 58.40B | 59.94B | 54.01B | 55.14B | 65.09B | 68.16B | 45.81B | 46.82B | 42.17B | N/A | N/A |
| Cash & Equiv | 13.64B | 13.95B | 13.07B | 7.89B | 6.65B | 13.21B | 8.17B | 11.38B | 11.97B | 7.83B | N/A | N/A |
| Book Value | 32.65B | 27.31B | 22.53B | 21.94B | 18.90B | 20.60B | 20.84B | 16.80B | 17.59B | 18.25B | N/A | N/A |
| Return on Equity | 0.32 | 0.22 | 0.33 | 0.07 | 0.30 | 0.27 | 0.45 | 0.52 | 0.33 | 0.65 | N/A | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.92B | 19.69B | 16.33B | 16.98B | 14.54B | 17.55B | 14.97B | 15.77B | 14.46B | 17.38B | 14.75B | 15.47B |
| Net Income | 1.22B | 5.60B | 1.74B | 2.19B | 1.05B | 2.91B | (330.00M) | 1.83B | 1.60B | 3.29B | 1.70B | 1.58B |
| EPS | 1.30 | 5.98 | 1.87 | 2.36 | 1.14 | 3.15 | -0.36 | 1.99 | 1.75 | 3.59 | 1.87 | 1.74 |
| Free Cash Flow | 4.78B | 3.13B | 3.69B | 1.49B | 3.98B | 3.89B | 2.46B | 1.62B | 3.79B | 4.01B | 2.66B | 2.14B |
| FCF / Share | 5.09 | 3.34 | 3.95 | 1.60 | 4.28 | 4.20 | 2.66 | 1.76 | 4.14 | 4.39 | 2.92 | 2.35 |
| Operating CF | 5.17B | 4.04B | 3.08B | 1.70B | 4.37B | 4.33B | 2.88B | 2.07B | 4.17B | 4.46B | 3.06B | 2.64B |
| Total Assets | 156.23B | 151.88B | 146.31B | 148.59B | 145.67B | 137.18B | 134.34B | 133.85B | 137.17B | 135.24B | 129.32B | 132.21B |
| Total Debt | 70.60B | 67.15B | 66.57B | 67.72B | 66.83B | 58.40B | 60.13B | 59.84B | 62.87B | 59.94B | 58.52B | 60.30B |
| Cash & Equiv | 10.82B | 13.64B | 11.57B | 11.94B | 11.04B | 13.95B | 13.20B | 12.21B | 14.60B | 13.07B | 7.26B | 9.39B |
| Book Value | 32.97B | 32.65B | 27.91B | 27.51B | 26.88B | 27.31B | 24.45B | 24.03B | 23.26B | 22.53B | 23.08B | 22.20B |
| Return on Equity | 0.04 | 0.17 | 0.06 | 0.08 | 0.04 | 0.11 | -0.01 | 0.08 | 0.07 | 0.15 | 0.07 | 0.07 |