International Business Machines Corporation
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from International Business Machines Corporation's yearly results (2022–2025), compared with Technology companies in United States. Tap ? on any ratio for what it means.
What stands out
- Tangible Net Worth Ratio: Goodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative. Less tangible than 93% of Technology companies in United States.
- Growth Efficiency Ratio: Sales grew 12% in 3 years; of every extra $100 of sales, $128 became extra profit. Higher than 90% of Technology companies in United States.
Where $100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
$168Over the last 3 years, every $100 of reported profit came with $168 of operating cash.
Higher than 53% of Technology companies in United States.
Self-Funding Ratio
7.8×Over the last 3 years its own operating cash covered its investment spending (capex) 7.8 times.
Higher than 74% of Technology companies in United States.
Cash Locked Ratio
$16For every $100 of sales, $16 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against $16 tied up three years earlier.
Less money tied up than 71% of Technology companies in United States.
Growth quality
Steadiness Ratio
3/3 · 2/3Sales grew in 3 of the last 3 years; profit grew in 2 of 3.
Steadier than 75% of Technology companies in United States.
Growth Efficiency Ratio
$128Sales grew 12% in 3 years; of every extra $100 of sales, $128 became extra profit.
Higher than 90% of Technology companies in United States.
Asset Productivity Ratio
+12% / +19%In 3 years sales changed by +12% while total assets changed by +19%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
2.1×Debt due within a year is covered 2.1 times by its yearly operating cash.
Lower than 55% of Technology companies in United States.
Cash Cushion Ratio
−21%Debt, after subtracting cash, equals 21% of its market value (net debt).
Lower than 80% of Technology companies in United States.
Tangible Assets Ratio
48%Of every $100 the company owns, $48 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 81% of Technology companies in United States.
Tangible Net Worth Ratio
NegativeGoodwill and other intangibles are larger than its whole net worth, so its tangible net worth is negative.
Less tangible than 93% of Technology companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
International Business Machines Corporation owes $0.77 for every $1 it owns. Net profit rose 76% in the year to Dec 2025, and grew 86% a year on average over 3 years.
Compared with Technology companies in United States · latest annual results Dec 2025.
P/E ratio
21.5Investors pay $21.5 for every $1 of International Business Machines Corporation's yearly profit, lower than 68% of Technology companies in United States.
P/B ratio
6.89The share price is 6.89 times International Business Machines Corporation's book value per share, higher than 77% of Technology companies in United States.
Market cap
$237.5 BThe total market value of all of International Business Machines Corporation's shares at today's price (share price × number of shares), larger than 97% of Technology companies in United States. PosiCap size class: Tito Cap.
Net worth (book value)
$34.5 BWhat International Business Machines Corporation would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$36.57Net worth divided by the number of shares. The share price of $252.11 is 6.9 times this, which is the P/B above.
Return on equity (ROE)
34.5%International Business Machines Corporation earned 34.5% on its shareholders' money over the last year, higher than 90% of Technology companies in United States.
Owes vs Owns
0.77×International Business Machines Corporation owes $0.77 for every $1 it owns (moderate), higher than 81% of Technology companies in United States.
Dividend yield
2.69%International Business Machines Corporation pays 2.69% of its share price as dividends a year, higher than 87% of dividend-paying Technology companies in United States.
Revenue growth
+8%Revenue rose 8% in the year to Dec 2025, and grew 4% a year on average over 3 years.
Profit growth
+76%Net profit rose 76% in the year to Dec 2025, and grew 86% a year on average over 3 years.
Profit margin
15.7%International Business Machines Corporation keeps $16 of every $100 of revenue as net profit.
Cash quality
1.2×Cash from International Business Machines Corporation's business was 1.2× its reported profit in the year to Dec 2025 — its profit turned into cash.
Interest cover
6.5×International Business Machines Corporation's operating profit covered its interest costs 6.5 times in the year to Dec 2025.
Cash vs debt
Net debtInternational Business Machines Corporation had $50.2 B more debt than cash (net debt) at Dec 2025.
Questions
What is International Business Machines Corporation's P/E ratio?
Investors pay $21.5 for every $1 of International Business Machines Corporation's yearly profit, lower than 68% of Technology companies in United States.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For International Business Machines Corporation: $237.5 B ÷ $34.5 B (30 Jun 2026) = 6.9.
What is International Business Machines Corporation's return on equity?
International Business Machines Corporation earned 34.5% on its shareholders' money over the last year, higher than 90% of Technology companies in United States.
How much does International Business Machines Corporation owe compared with what it owns?
International Business Machines Corporation owes $0.77 for every $1 it owns (moderate), higher than 81% of Technology companies in United States.
Does International Business Machines Corporation pay a dividend?
Yes. International Business Machines Corporation pays 2.69% of its share price as dividends a year, higher than 87% of dividend-paying Technology companies in United States.
Is International Business Machines Corporation's revenue growing?
Revenue rose 8% in the year to Dec 2025, and grew 4% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.