# International Business Machines Corporation (IBM)

> Technology · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/IBM/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 33.08B | $ 3.38B | $ 7.15B | $ 65.27B | $ 34.45B |
| 2025 | $ 69.15B | $ 10.85B | $ 12.24B | $ 67.15B | $ 32.65B |
| 2024 | $ 65.96B | $ 6.33B | $ 12.36B | $ 58.40B | $ 27.31B |
| 2023 | $ 66.89B | $ 8.11B | $ 13.11B | $ 59.94B | $ 22.53B |
| 2022 | $ 67.62B | $ 1.83B | $ 9.45B | $ 54.01B | $ 21.94B |
| 2021 | $ 68.17B | $ 6.83B | $ 11.92B | $ 55.14B | $ 18.90B |
| 2020 | $ 93.79B | $ 7.12B | $ 19.07B | $ 65.09B | $ 20.60B |
| 2019 | $ 99.58B | $ 12.17B | $ 15.31B | $ 68.16B | $ 20.84B |
| 2018 | $ 105.11B | $ 11.53B | $ 14.90B | $ 45.81B | $ 16.80B |
| 2017 | $ 106.61B | $ 7.75B | $ 17.45B | $ 46.82B | $ 17.59B |
| 2016 | $ 109.96B | $ 16.33B | $ 17.35B | $ 42.17B | $ 18.25B |
| 2015 | $ 114.77B | $ 18.52B | $ 18.05B | $ 39.89B | $ 14.26B |
| 2014 | $ 131.12B | $ 16.99B | $ 17.92B | $ 40.80B | $ 11.87B |
| 2013 | $ 141.33B | $ 23.44B | $ 18.98B | $ 39.72B | $ 22.79B |
| 2012 | $ 150.88B | $ 23.97B | $ 21.47B | $ 33.27B | $ 18.86B |
| 2011 | $ 157.08B | $ 23.29B | $ 22.30B | $ 31.32B | $ 20.14B |
| 2010 | $ 151.22B | $ 22.46B | $ 21.52B | $ 28.62B | $ 23.05B |
| 2009 | $ 144.99B | $ 20.33B | $ 25.28B | $ 26.10B | $ 22.64B |
| 2008 | $ 156.91B | $ 18.68B | $ 21.08B | $ 33.93B | $ 13.47B |
| 2007 | $ 150.53B | $ 15.77B | $ 16.05B | $ 35.27B | $ 28.47B |
| 2006 | $ 105.38B | $ 11.79B | $ 11.69B | $ 22.68B | $ 28.51B |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 1.89 |
| Liabilities / Eq | 3.41 |
| Current Ratio | 0.79 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 7.59 |
| Gross Debt / FCF | 4.63 |

## Other views

- [Metrics](https://sponda.capital/en/IBM.md)
- [Charts](https://sponda.capital/en/IBM/charts.md)
- [Compare](https://sponda.capital/en/IBM/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-29.