profit from every $100 of sales.
$0$100
IBM
$257.81-0.18% today
-16.9% in 1 year
1-year low $205.771-year high $329.23
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $23.00 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What IBM sold, what it kept, and what it did with the cash.
Sales went from $60.5 billion in 2022 to $67.5 billion in 2025, with $10.6 billion of profit last year.
SalesProfit
IBM handed back 63% of the cash it generated last year.
$6.3B
Free cash flow 2025$11.5B
Bought back its own shares$1.0B
Paid as dividends$6.3B
Cash vs. debt$13.6B vs. $64.6B
IBM vs. similar companies
IBM grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| IBM | 23.0× · Fair price | ||
 Accenture | 20.6× · Fair price | ||
 Tata Consultancy Services | 18.4× · Fair price | ||
 Infosys | 15.3× · Fair price | ||
 NEC | 36.8× · Expensive |
AI analysis
An AI analyst reads IBM's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 60,530 | 61,860 | 62,753 | 67,536 | |
| 32,687 | 34,300 | 35,551 | 39,297 | |
| 8,174 | 9,382 | 10,074 | 12,492 | |
| 7,174 | 14,693 | 12,176 | 17,284 | |
| 1,640 | 7,502 | 6,023 | 10,593 | |
| 1.80 | 8.14 | 6.43 | 11.17 | |
| 54.0% | 55.4% | 56.7% | 58.2% | |
| 13.5% | 15.2% | 16.1% | 18.5% | |
| 2.7% | 12.1% | 9.6% | 15.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 127,243 | 135,241 | 137,175 | 151,880 |
| Cash | 7,886 | 13,068 | 13,947 | 13,587 |
| Total debt | 54,013 | 59,935 | 58,396 | 64,607 |
| Total liabilities | 105,222 | 112,628 | 109,782 | 119,139 |
| 21,944 | 22,533 | 27,307 | 32,648 | |
| 912 | 922 | 937 | 949 | |
| 2.5% | 9.9% | 6.9% | 10.0% | |
| 7.5% | 33.3% | 22.1% | 32.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 10,435 | 13,931 | 13,445 | 13,193 | |
| 1,972 | 1,810 | 1,685 | 1,738 | |
| 8,463 | 12,121 | 11,760 | 11,455 | |
| Dividends paid | 5,948 | 6,040 | 6,147 | 6,255 |
| 407 | 402 | 651 | 1,018 | |
| 987 | 1,133 | 1,311 | 1,715 |
Valuation
- 23.0×
- 20.7×
- 0.27
- 7.3×
- 3.6×
- 21.3×
- 17.0×
- 4.7%
- 4.3%
- 2.5%
Profitability
- 58.2%
- 18.5%
- 15.7%
- 23.7%
- 10.2%
- 7.5%
- 35.5%
- 6.9%
- 9.7%
- 12.4%
Growth
- +3.7%
- +83.8%
- −1.6%
- +1.5%
- +1.3%
Financial health
- 3.0×
- 1.98
- 45.2%
- 6.3×
- 0.96
- 0.76
- 0.44
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 29%of 978
Top 22%of 982
Top 27%of 765
Bottom 38%of 982
Top 24%of 987
What analysts expect
- Average price target
- $309.64
- Range
- $225.00 – $360.00
- 8 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 22, 2026 | 1.91 | 1.81 | +5.5% |
| Jan 28, 2026 | 4.52 | 4.31 | +4.9% |
| Oct 22, 2025 | 2.65 | 2.45 | +8.2% |
| Jul 23, 2025 | 2.80 | 2.65 | +5.7% |
| Apr 23, 2025 | 1.60 | 1.42 | +12.7% |
| Jan 29, 2025 | 3.92 | 3.77 | +4.0% |
| Oct 23, 2024 | 2.30 | 2.22 | +3.6% |
| Jul 24, 2024 | 2.43 | 2.20 | +10.5% |
2.5%of the share price, paid each year
On $1,000 invested$25a year at today's yield, before tax
+1.5%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$4.78 in 2015 → $6.71 in 2025
How safe it looks
59.0% of its profit
Room to growStretchedMore than it earns: 54.6%
News
Global Clinical Knowledge Graphs for Genomics Market Report 2026 | Capitalize on 20.7% CAGR as Microsoft, IBM, Illumina and Genomenon Scale AI, Cloud and Precision MedicineYahoo Finance · Oct 30, 2026Configuration Management Systems - Global Strategic Business Report: Capitalize on 14.8% CAGR to US$9.8 Billion by 2032 as AWS, Microsoft, IBM, Oracle, and ServiceNow Disrupt IT OperationsYahoo Finance · Oct 29, 2026Connectivity Constraint Computing - Global Strategic Business Report: Capitalize on 21.1% CAGR and Capture US$50B by 2032 as Amazon, Cisco, Google, Microsoft, and IBM Accelerate Edge DominanceYahoo Finance · Oct 29, 2026What Mattered Most In IBM's Latest Quarter?Yahoo Finance · Oct 27, 2026IBM Continues to Plug Along, but Its Quantum Computing Bet Could Be the Real CatalystYahoo Finance · Oct 26, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass. Context about the kind of company it is, not a recommendation.
Warren Buffett
56No pass
Benjamin Graham
68Pass
Philip Fisher
60Pass
Peter Lynch
49No pass
Joel Greenblatt
43No pass
Charlie Munger
58No pass
Terry Smith
53No pass
Prices: daily closes to Oct 30, 2026. Fundamentals: company reports via invest-like data. invest-like is an educational tool and not investment advice.