IBM - International Business Machines Corporation
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$308.86
DETAILS
HIGH:
$360.00
LOW:
$210.00
MEDIAN:
$325.00
CONSENSUS:
$308.86
UPSIDE:
1.04%
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 16,331.0 | 16,977.0 | 14,541.0 | 17,553.0 | 14,967.0 | 15,769.0 | 14,461.0 | 17,380.0 | 14,752.0 | 15,475.0 |
| Cost of Revenue | 6,740.0 | 7,001.0 | 6,510.0 | 7,114.0 | 6,548.0 | 6,820.0 | 6,719.0 | 7,114.0 | 6,729.0 | 6,974.0 |
| Gross Profit | 9,591.0 | 9,977.0 | 8,031.0 | 10,439.0 | 8,420.0 | 8,950.0 | 7,742.0 | 10,267.0 | 8,023.0 | 8,501.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 2,082.0 | 2,097.0 | 1,950.0 | 1,967.0 | 1,876.0 | 1,840.0 | 1,796.0 | 1,748.0 | 1,685.0 | 1,687.0 |
| SG&A Expenses | 4,748.0 | 4,671.0 | 4,261.0 | 4,586.0 | 4,311.0 | 4,647.0 | 4,365.0 | 4,498.0 | 4,181.0 | 4,531.0 |
| Other Expenses | 101.0 | 122.0 | 55.0 | (15.0) | 55.0 | 28.0 | 18.0 | 25.0 | 53.0 | 5.0 |
| Operating Expenses | 6,931.0 | 6,890.0 | 6,266.0 | 6,538.0 | 6,242.0 | 6,515.0 | 6,179.0 | 6,271.0 | 5,919.0 | 6,223.0 |
| Operating Income | ||||||||||
| Operating Income | 2,660.0 | 3,086.0 | 1,765.0 | 3,901.0 | 2,177.0 | 2,434.0 | 1,563.0 | 3,995.0 | 2,104.0 | 2,278.0 |
| Interest Expense | 492.0 | 510.0 | 455.0 | 424.0 | 429.0 | 427.0 | 432.0 | 405.0 | 412.0 | 423.0 |
| Interest Income | 0.0 | 172.0 | 191.0 | 150.0 | 170.0 | 217.0 | 210.0 | 143.0 | 156.0 | 201.0 |
| Profitability | ||||||||||
| EBITDA | 4,205.0 | 4,374.0 | 2,790.0 | 4,843.0 | 895.0 | 3,801.0 | 2,637.0 | 5,316.0 | 3,378.0 | 3,500.0 |
| EBIT | 2,922.0 | 3,107.0 | 1,613.0 | 3,730.0 | (373.0) | 2,646.0 | 1,506.0 | 4,164.0 | 2,285.0 | 2,423.0 |
| Income Before Tax | 2,430.0 | 2,597.0 | 1,158.0 | 3,306.0 | (802.0) | 2,219.0 | 1,074.0 | 3,759.0 | 1,873.0 | 2,000.0 |
| Income Tax Expense | 686.0 | 404.0 | 103.0 | 379.0 | (485.0) | 389.0 | (502.0) | 474.0 | 159.0 | 419.0 |
| Net Income | 1,744.0 | 2,194.0 | 1,055.0 | 2,914.0 | (330.0) | 1,834.0 | 1,605.0 | 3,288.0 | 1,704.0 | 1,583.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 1.87 | 2.36 | 1.14 | 3.15 | -0.36 | 1.99 | 1.75 | 3.59 | 1.87 | 1.74 |
| EPS (Diluted) | 1.84 | 2.31 | 1.12 | 3.09 | -0.36 | 1.96 | 1.72 | 3.55 | 1.84 | 1.72 |
| Shares Outstanding | 933.9 | 929.4 | 928.0 | 926.0 | 923.6 | 920.3 | 917.2 | 914.7 | 912.8 | 909.9 |
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 11,569.0 | 11,943.0 | 11,035.0 | 13,947.0 | 13,197.0 | 12,210.0 | 14,603.0 | 13,068.0 | 7,257.0 | 9,394.0 |
| Short-Term Investments | 3,286.0 | 3,504.0 | 6,430.0 | 644.0 | 505.0 | 1,481.0 | 4,512.0 | 373.0 | 3,721.0 | 6,904.0 |
| Net Receivables | 12,607.0 | 12,747.0 | 11,882.0 | 14,010.0 | 11,574.0 | 11,601.0 | 11,678.0 | 13,956.0 | 11,204.0 | 6,120.0 |
| Inventory | 1,397.0 | 1,251.0 | 1,431.0 | 1,289.0 | 1,367.0 | 1,234.0 | 1,212.0 | 1,161.0 | 1,399.0 | 1,501.0 |
| Other Current Assets | 3,881.0 | 4,808.0 | 4,558.0 | 4,592.0 | 3,900.0 | 6,773.0 | 4,658.0 | 4,350.0 | 4,124.0 | 8,625.0 |
| Total Current Assets | 32,740.0 | 34,253.0 | 35,336.0 | 34,482.0 | 30,543.0 | 33,299.0 | 36,663.0 | 32,908.0 | 27,705.0 | 34,458.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 9,074.0 | 9,257.0 | 9,065.0 | 8,929.0 | 8,969.0 | 8,730.0 | 8,798.0 | 8,721.0 | 8,481.0 | 8,096.0 |
| Goodwill | 67,396.0 | 67,506.0 | 66,065.0 | 60,706.0 | 61,092.0 | 59,416.0 | 59,534.0 | 60,178.0 | 59,596.0 | 56,385.0 |
| Intangible Assets | 11,729.0 | 12,254.0 | 12,391.0 | 10,661.0 | 11,091.0 | 10,251.0 | 10,749.0 | 11,036.0 | 11,278.0 | 10,496.0 |
| Long-Term Investments | 1,796.0 | 1,553.0 | 1,631.0 | 1,691.0 | 1,868.0 | 1,732.0 | 1,566.0 | 1,589.0 | 1,582.0 | 1,585.0 |
| Other Non-Current Assets | 15,072.0 | 15,287.0 | 13,584.0 | 13,729.0 | 13,835.0 | 14,041.0 | 13,394.0 | 14,153.0 | 14,512.0 | 14,853.0 |
| Total Non-Current Assets | 113,572.0 | 114,332.0 | 110,330.0 | 102,694.0 | 103,798.0 | 100,548.0 | 100,506.0 | 102,333.0 | 101,617.0 | 97,755.0 |
| Total Assets | 146,312.0 | 148,585.0 | 145,667.0 | 137,175.0 | 134,339.0 | 133,848.0 | 137,169.0 | 135,241.0 | 129,321.0 | 132,213.0 |
| Current Liabilities | ||||||||||
| Account Payables | 3,867.0 | 3,974.0 | 3,585.0 | 4,032.0 | 3,274.0 | 3,631.0 | 3,588.0 | 4,132.0 | 3,342.0 | 3,732.0 |
| Short-Term Debt | 7,942.0 | 8,945.0 | 6,913.0 | 5,089.0 | 3,599.0 | 3,602.0 | 5,471.0 | 6,426.0 | 6,413.0 | 6,785.0 |
| Deferred Revenue | 13,878.0 | 15,022.0 | 15,057.0 | 13,907.0 | 12,882.0 | 13,643.0 | 14,051.0 | 13,451.0 | 11,917.0 | 12,712.0 |
| Other Current Liabilities | 3,508.0 | 3,352.0 | 3,654.0 | 3,604.0 | 3,250.0 | 3,124.0 | 3,188.0 | 3,502.0 | 3,259.0 | 3,185.0 |
| Total Current Liabilities | 35,142.0 | 37,726.0 | 35,106.0 | 33,142.0 | 28,853.0 | 29,648.0 | 32,397.0 | 34,122.0 | 30,606.0 | 32,513.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 55,174.0 | 55,219.0 | 56,371.0 | 49,884.0 | 52,980.0 | 52,929.0 | 54,033.0 | 49,767.0 | 48,828.0 | 50,691.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 815.0 | 0.0 | 0.0 | 0.0 | 1,146.0 | 0.0 | 0.0 |
| Other Non-Current Liabilities | 21,497.0 | 21,404.0 | 20,641.0 | 19,664.0 | 21,553.0 | 21,133.0 | 21,335.0 | 21,138.0 | 21,170.0 | 21,488.0 |
| Total Non-Current Liabilities | 83,180.0 | 83,271.0 | 83,609.0 | 76,640.0 | 80,956.0 | 80,097.0 | 81,439.0 | 78,506.0 | 75,559.0 | 77,429.0 |
| Total Liabilities | 118,322.0 | 120,997.0 | 118,715.0 | 109,782.0 | 109,809.0 | 109,744.0 | 113,836.0 | 112,628.0 | 106,165.0 | 109,942.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 62,819.0 | 62,392.0 | 61,913.0 | 61,380.0 | 61,013.0 | 60,501.0 | 60,145.0 | 59,643.0 | 59,313.0 | 58,963.0 |
| Retained Earnings | 151,581.0 | 151,367.0 | 150,703.0 | 151,163.0 | 149,789.0 | 151,659.0 | 151,362.0 | 151,276.0 | 149,506.0 | 149,318.0 |
| Accumulated Other Comprehensive Income | (15,983.0) | (16,041.0) | (15,575.0) | (15,269.0) | (16,418.0) | (18,319.0) | (18,488.0) | (18,761.0) | (16,098.0) | (16,499.0) |
| Total Stockholders' Equity | 27,905.0 | 27,509.0 | 26,880.0 | 27,307.0 | 24,448.0 | 24,026.0 | 23,261.0 | 22,533.0 | 23,081.0 | 22,201.0 |
| Total Liabilities & Equity | 146,312.0 | 148,585.0 | 145,667.0 | 137,175.0 | 134,339.0 | 133,848.0 | 137,169.0 | 135,241.0 | 129,321.0 | 132,213.0 |
| Debt Metrics | ||||||||||
| Total Debt | 66,569.0 | 67,719.0 | 66,835.0 | 58,396.0 | 60,126.0 | 59,839.0 | 62,871.0 | 59,935.0 | 58,525.0 | 60,304.0 |
| Net Debt | 55,000.0 | 55,776.0 | 55,800.0 | 44,449.0 | 46,929.0 | 47,629.0 | 48,106.0 | 46,867.0 | 51,268.0 | 50,910.0 |
| Metric | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (3,249.0) | 2,194.0 | 1,055.0 | 2,914.0 | (330.0) | 1,834.0 | 1,605.0 | 3,288.0 | 1,703.0 | 1,584.0 |
| Depreciation & Amortization | (2,442.0) | 1,265.0 | 1,177.0 | 1,113.0 | 1,268.0 | 1,155.0 | 1,131.0 | 1,152.0 | 1,093.0 | 1,077.0 |
| Stock-Based Compensation | (842.0) | 441.0 | 401.0 | 345.0 | 330.0 | 316.0 | 320.0 | 290.0 | 287.0 | 288.0 |
| Change in Working Capital | (429.0) | (1,759.0) | 1,759.0 | 1,920.0 | (759.0) | (1,213.0) | 1,365.0 | 927.0 | 53.0 | (295.0) |
| Other Non-Cash Items | 10,044.0 | (440.0) | (22.0) | (1,962.0) | 2,372.0 | (26.0) | (253.0) | (1,194.0) | (80.0) | (16.0) |
| Operating Cash Flow | 3,082.0 | 1,701.0 | 4,370.0 | 4,330.0 | 2,881.0 | 2,066.0 | 4,168.0 | 4,463.0 | 3,056.0 | 2,638.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | 605.0 | (210.0) | (395.0) | (444.0) | (424.0) | (444.0) | (373.0) | (448.0) | (393.0) | (501.0) |
| Acquisitions | 7,845.0 | (746.0) | (7,099.0) | (548.0) | (2,511.0) | (153.0) | 621.0 | (137.0) | (4,599.0) | (328.0) |
| Purchases of Investments | 7,740.0 | (1,254.0) | (6,486.0) | (1,261.0) | (905.0) | (662.0) | (4,934.0) | (769.0) | (1,114.0) | (729.0) |
| Sales/Maturities of Investments | (4,962.0) | 4,035.0 | 927.0 | 853.0 | 1,774.0 | 3,453.0 | 464.0 | 4,005.0 | 4,042.0 | 1,550.0 |
| Other Investing Activities | (11,515.0) | (127.0) | (77.0) | (120.0) | 341.0 | (179.0) | (122.0) | 37.0 | (1.0) | (122.0) |
| Investing Cash Flow | (438.0) | 1,698.0 | (12,979.0) | (1,379.0) | (1,587.0) | 2,239.0 | (4,210.0) | 2,836.0 | (1,953.0) | 7.0 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (3,702.0) | (1,301.0) | 7,092.0 | (103.0) | (1,258.0) | (2,900.0) | 3,381.0 | (122.0) | (1,550.0) | (1,135.0) |
| Stock Repurchased | 0.0 | 0.0 | 0.0 | 0.0 | (189.0) | (151.0) | (199.0) | (64.0) | (98.0) | (144.0) |
| Dividends Paid | (1,569.0) | (1,563.0) | (1,549.0) | (1,546.0) | (1,543.0) | (1,536.0) | (1,522.0) | (1,518.0) | (1,515.0) | (1,510.0) |
| Other Financing Activities | 2,159.0 | 42.0 | (32.0) | (772.0) | 225.0 | 72.0 | 217.0 | 89.0 | 31.0 | 59.0 |
| Financing Cash Flow | (3,012.0) | (2,854.0) | 5,443.0 | (1,676.0) | (2,765.0) | (4,515.0) | 1,877.0 | (1,615.0) | (3,132.0) | (2,730.0) |
| Cash Position | ||||||||||
| Net Change in Cash | (427.0) | 865.0 | (2,999.0) | 946.0 | (1,264.0) | (287.0) | 1,676.0 | 5,814.0 | (2,150.0) | (110.0) |
| Cash at Beginning | 12,026.0 | 11,161.0 | 14,160.0 | 13,214.0 | 14,478.0 | 14,765.0 | 13,089.0 | 7,275.0 | 9,425.0 | 9,535.0 |
| Cash at End | 11,599.0 | 12,026.0 | 11,161.0 | 14,160.0 | 13,214.0 | 14,478.0 | 14,765.0 | 13,089.0 | 7,275.0 | 9,425.0 |
| Free Cash Flow | 3,687.0 | 1,491.0 | 3,975.0 | 3,886.0 | 2,457.0 | 1,622.0 | 3,795.0 | 4,015.0 | 2,663.0 | 2,137.0 |
| Key Metrics | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 16,331.0 | 16,977.0 | 14,541.0 | 17,553.0 | 14,967.0 | 15,769.0 | 14,461.0 | 17,380.0 | 14,752.0 | 15,475.0 |
| Gross Profit | 9,591.0 | 9,977.0 | 8,031.0 | 10,439.0 | 8,420.0 | 8,950.0 | 7,742.0 | 10,267.0 | 8,023.0 | 8,501.0 |
| Operating Income | 2,660.0 | 3,086.0 | 1,765.0 | 3,901.0 | 2,177.0 | 2,434.0 | 1,563.0 | 3,995.0 | 2,104.0 | 2,278.0 |
| Net Income | 1,744.0 | 2,194.0 | 1,055.0 | 2,914.0 | (330.0) | 1,834.0 | 1,605.0 | 3,288.0 | 1,704.0 | 1,583.0 |
| EPS (Diluted) | 1.84 | 2.31 | 1.12 | 3.09 | -0.36 | 1.96 | 1.72 | 3.55 | 1.84 | 1.72 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 11,569.0 | 11,943.0 | 11,035.0 | 13,947.0 | 13,197.0 | 12,210.0 | 14,603.0 | 13,068.0 | 7,257.0 | 9,394.0 |
| Total Assets | 146,312.0 | 148,585.0 | 145,667.0 | 137,175.0 | 134,339.0 | 133,848.0 | 137,169.0 | 135,241.0 | 129,321.0 | 132,213.0 |
| Total Debt | 66,569.0 | 67,719.0 | 66,835.0 | 58,396.0 | 60,126.0 | 59,839.0 | 62,871.0 | 59,935.0 | 58,525.0 | 60,304.0 |
| Stockholders' Equity | 27,905.0 | 27,509.0 | 26,880.0 | 27,307.0 | 24,448.0 | 24,026.0 | 23,261.0 | 22,533.0 | 23,081.0 | 22,201.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 3,082.0 | 1,701.0 | 4,370.0 | 4,330.0 | 2,881.0 | 2,066.0 | 4,168.0 | 4,463.0 | 3,056.0 | 2,638.0 |
| Capital Expenditure | 605.0 | (210.0) | (395.0) | (444.0) | (424.0) | (444.0) | (373.0) | (448.0) | (393.0) | (501.0) |
| Free Cash Flow | 3,687.0 | 1,491.0 | 3,975.0 | 3,886.0 | 2,457.0 | 1,622.0 | 3,795.0 | 4,015.0 | 2,663.0 | 2,137.0 |