International Business Machines CorporationIBM

NYSE•Technology•Information Technology Services

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. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment delivers strategy and technology services and intelligent operations, providing business transformation, technology implementation, managed services, application modernization, and AI-powered solutions. The Infrastructure segment provides on-premises and cloud-based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. Its Financing segment offers client and commercial financing, and facilitates IBM clients' acquisition of hardware, software, and services. It has strategic partnerships with various companies, including hyperscalers, service providers, global system integrators, and software and hardware vendors that include Adobe, Amazon Web Services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. 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.

Price & Volume

Key Metrics at a Glance (as of December 2025)

Market Cap: $287.67B
TTM Revenue: $67.53B
TTM EBITDA: $17.29B
P/E Ratio: 27.2x
Operating Margin: 21.2%
Free Cash Flow: $3.13B

Financial Analysis

International Business Machines (IBM) reported trailing twelve months (TTM) revenue of $67.53B as of December 2025, which represents a 7.6% increase year-over-year. The company's operating margin has contracted to 21.2% from 22.2% a year ago. In terms of profitability, IBM generated $10.59B in net income. Valuation-wise, the stock trades at a P/E ratio of 27.2x and a Price-to-Sales (P/S) ratio of 4.3x. The company generated $3.13B in free cash flow over the last twelve months, indicating its ability to reinvest in growth or return capital to shareholders. Data based on the most recent quarterly reports.