INTERNATIONAL BUSINESS MACHINES CORP

IBM · CIK 0000051143

19 fiscal years · 69 SEC filings · every number carries its receipt

Revenue (FY)

$67.53B7.6%

FY2025

Net income (FY)

$10.59B75.9%

FY2025

Free cash flow (FY)

$12.10B2.4%

FY2025

Diluted EPS (FY)

$11.1773.7%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

net margin 16.1% → 15.7%

MarginsNet marginFCF margin

FY2025: net 15.7% · free cash flow 17.9% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $13.19B operating cash − $1.09B capex = $12.10B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 92% (FY2015) → 32% (FY2025) · on assets 7.0%

Balance sheetLiabilitiesEquity

FY2025: $151.88B assets · $119.14B liabilities · $32.65B equity

The receipts

INTERNATIONAL BUSINESS MACHINES CORP

IBM · CIK 0000051143

19 fiscal years · 69 SEC filings · every number carries its receipt

Revenue (FY)

$67.53B7.6%

FY2025

Net income (FY)

$10.59B75.9%

FY2025

Free cash flow (FY)

$12.10B2.4%

FY2025

Diluted EPS (FY)

$11.1773.7%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

net margin 16.1% → 15.7%

MarginsNet marginFCF margin

FY2025: net 15.7% · free cash flow 17.9% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $13.19B operating cash − $1.09B capex = $12.10B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 92% (FY2015) → 32% (FY2025) · on assets 7.0%

Balance sheetLiabilitiesEquity

FY2025: $151.88B assets · $119.14B liabilities · $32.65B equity

The receipts