International Business Machines Corporation (IBM) — Financial ratios
Profitability, liquidity, leverage, and valuation ratios for International Business Machines Corporation, with annual and quarterly history.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| P/E Ratio | 26.07x | 34.21x | 19.87x | 77.55x | 20.86x | 19.17x |
| P/B Ratio | 8.46x | 7.54x | 6.61x | 5.80x | 6.34x | 5.20x |
| P/S Ratio | 4.09x | 3.28x | 2.41x | 2.10x | 2.09x | 1.94x |
| Profitability | ||||||
| Gross Margin | 59.5% | 56.7% | 55.4% | 54.0% | 54.9% | 55.9% |
| Operating Margin | 15.3% | 16.1% | 15.9% | 13.5% | 12.0% | 8.4% |
| Net Margin | 15.7% | 9.6% | 12.1% | 2.7% | 10.0% | 10.1% |
| EBITDA Margin | 25.6% | 19.4% | 23.8% | 11.9% | 21.6% | 19.1% |
| Liquidity | ||||||
| Current Ratio | 0.93x | 1.04x | 0.96x | 0.92x | 0.88x | 0.98x |
| Quick Ratio | 0.90x | 1.00x | 0.93x | 0.87x | 0.83x | 0.94x |
| Leverage | ||||||
| Debt/Equity | 2.06x | 2.14x | 2.66x | 2.46x | 2.92x | 3.16x |
YoY = year-over-year change. Source: FMP..