SuperworthInternational Business Machines IBM
- Market cap
- $238.9B
- PE
- 21.6×
- 10y median 21.3×
- Forward PE
- 19.4×
- 10y median 14.2×
- Price to sales
- 3.4×
- EV/EBIT
- n/m
- a quarter missing
- Revenue, 12 months
- $69.9B
- +7% on a year ago
- Net margin
- 16.0%
- Free cash flow yield
- n/m
- Q3 FY26 missing
International Business Machines trades at 21.6× trailing earnings, near its ten-year median. Revenue was $69.9B over the last twelve months, up 7% on a year earlier with a 16% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $17.4B+4% | $14.5B+2% | $15.8B+2% | $15B+2% | $17.6B+1% | $14.5B+1% | $17B+8% | $16.3B+9% | $19.7B+12% | $15.9B+10% | $17.2B+1% | $17.1B+5% | |
| Cost of revenue | $7.1B+1% | $6.7B−0% | $6.8B−2% | $6.5B−3% | $7.1B+0% | $6.5B−3% | $7B+3% | $7B+6% | $7.8B+9% | $7B+7% | $7.3B+4% | n/a |
| Gross profit | $10.3B+7% | $7.7B+3% | $8.9B+5% | $8.4B+5% | $10.4B+2% | $8B+4% | $10B+12% | $9.4B+11% | $11.9B+14% | $8.9B+11% | $9.9B−1% | n/a |
| R&D | $1.7B+9% | $1.8B+9% | $1.8B+9% | $1.9B+11% | $2B+13% | $1.9B+9% | $2.1B+14% | $2.1B+11% | $2.2B+11% | $2.2B+11% | $2.3B+10% | $2.4B+14% |
| SG&A | $4.8B+1% | $5B+3% | $4.9B+1% | $4.9B+10% | $4.9B+2% | $4.9B−2% | $5B+2% | $4.7B−3% | $5.5B+12% | $5.1B+4% | $5B−1% | $4.6B−3% |
| $4B+13% | $1.2B+1% | $2.4B+12% | $1.9B−10% | $3.9B−2% | $1.4B+22% | $3.1B+27% | $2.7B+47% | $4.6B+17% | $1.9B+28% | $2.8B−9% | n/a | |
| Interest expense | $405M+29% | $432M+18% | $427M+1% | $429M+4% | $424M+5% | $455M+5% | $510M+19% | $492M+15% | $478M+13% | $473M+4% | $486M−5% | n/a |
| Pre-tax income | $3.8B+14% | $1.1B+2% | $2.2B+11% | −$802M | $3.3B−12% | $1.2B+8% | $2.6B+17% | $2.4B | $4.1B+25% | $1.4B+20% | $2.5B−5% | $2.5B+3% |
| $474M+7% | −$502M | $389M−7% | −$485M | $379M−20% | $103M | $404M+4% | $686M | −$1.4B | $172M+67% | $313M−23% | n/a | |
| Net income | $3.3B+21% | $1.6B+73% | $1.8B+16% | −$330M | $2.9B−11% | $1.1B−34% | $2.2B+20% | $1.7B | $5.6B+92% | $1.2B+15% | $2.2B−1% | $2.2B+26% |
| $3.55+20% | $1.72+70% | $1.96+14% | −$0.36 | $3.09−13% | $1.12−35% | $2.31+18% | $1.84 | $5.88+90% | $1.28+14% | $2.27−2% | $2.30+25% | |
| 927.3M+1% | 933.4M+2% | 934.4M+2% | 923.6M+0% | 942.4M+2% | 945.4M+1% | 948M+2% | 948.9M+3% | 952.4M+1% | 952.1M+1% | 953.3M+1% | 953.5M+1% |
Operating income: 126 periods, Q1 FY95 to Q2 FY26: not printed by the filing, worked out from its own lines.
Net income: 17 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
EPS, diluted: 7 periods, Q2 FY95 to Q4 FY08: quarter's net income to common over its shares, to the cent. Q4 FY99: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 17 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
Diluted shares: 10 periods, Q4 FY97 to Q4 FY07: not printed by the filing, worked out from its own lines. Q4 FY08: share-days: the 12-month average less the 9-month, weighted by days. 17 periods, Q4 FY09 to Q4 FY25: printed in the fourth-quarter results release.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $20.4B | $20.2B to $20.7B | $4.63 | $4.46 to $4.74 | 13 |
| Q1 FY27 | $16.6B | $16.4B to $16.9B | $2.16 | $2.05 to $2.29 | 9 |
| Q2 FY27 | $17.9B | $17.7B to $18.2B | $3.08 | $3.03 to $3.14 | 3 |
| Q3 FY27 | $17.8B | $17.6B to $18.1B | $3.20 | $3.15 to $3.27 | 3 |
| Q4 FY27 | $21.2B | $21B to $21.6B | $4.85 | $4.78 to $4.96 | 6 |
| Q1 FY28 | $17.7B | $17.4B to $18B | $2.40 | $2.37 to $2.46 | 8 |
| Q2 FY28 | $18.5B | $18.3B to $18.8B | $3.46 | $3.41 to $3.54 | 4 |
| Q3 FY28 | $18.8B | $18.6B to $19.1B | $3.57 | $3.52 to $3.65 | 5 |
Peers
Companies in Information Technology Services nearest International Business Machines' size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| IBMInternational Business Machines | $238.9B | 21.6× | 21.3× | 19.4× | 3.4× | +7% | 16.0% |
| ACNAccenture | $166.8B | 18.4× | 26.9× | 17.0× | 2.2× | +6% | 11.3% |
| CTSHCognizant Technology Solutions | $31.8B | 15.1× | 18.2× | 11.6× | 1.5× | +6% | 10.3% |
| FISVFiserv | $26.5B | 9.6× | 31.1× | 6.8× | 1.3× | −1% | 13.4% |
| Peer median | $31.8B | 15.1× | 26.9× | 11.6× | 1.5× | +6% | 11.3% |
More on International Business Machines
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #3of 48Technology stocks with the highest dividend yields
- #2of 10IT services stocks with the fastest earnings growth
- #5of 11IT services stocks with the highest profit margins
- #9of 13IT services stocks with the lowest price to sales ratio
- #8of 11IT services stocks with the fastest revenue growth
- #9of 12IT services stocks with the lowest PE ratio
- #10of 10IT services stocks cheapest against their own PE history
Its groups
About
- Industry
- Information Technology Services
- Sector
- Technology
Valuation data, not investment advice. Prices as of .