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Screener / SEC EDGAR /CIK 0000051143 /Numbers from the XBRL of the 10-Ks
Technology peers:
ORCLINTCCSCOACNHPQIBM
NYSE Technology · Computer Hardware

IBM IBM

IBM quote by TradingView
Headquarters
Armonk, NY
Next results
around Jan 27, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $67.5B through the costs to a net profit of $10.6B · income statement of the 10-K

16% net margin
Revenue to Gross profit: $39.3BRevenue to Cost of revenue: $28.2BGross profit to Net profit: $10.6BGross profit to Costs, tax, other: $28.7B Revenue: $67.5B REVENUE $67.5B +8% Y/Y Gross profit: $39.3B · 58% margin GROSS PROFIT $39.3B 58% margin · +11% Y/Y Cost of revenue: $28.2B · 42% of revenue COST OF REVENUE $28.2B 42% of revenue Net profit: $10.6B · 16% margin NET PROFIT $10.6B 16% margin · +76% Y/Y Costs, tax, other: $28.7B · 43% of revenue COSTS, TAX, OTHER $28.7B 43% of revenue
Gross profit $39.3B 58% margin · +11% Y/Y
Net profit $10.6B 16% margin · +76% Y/Y
The full income statement, year by year

IBM among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 7.6%, above 22% of 74 peers (their median 14.1%) REVENUE GROWTH 7.6% · above 22% Gross margin: 58.0%, above 51% of 67 peers (their median 56.4%) GROSS MARGIN 58.0% · above 51% Net margin: 16.0%, above 42% of 74 peers (their median 19.2%) NET MARGIN 16.0% · above 42% FCF margin: 21.0%, above 47% of 70 peers (their median 23.7%) FCF MARGIN 21.0% · above 47%
IBM Peer median Below the median

What changed

1 accounting fact worth reading about.

Risk factors
No new paragraphs, or fewer than two 10-Ks to compare
10-K Item 1A
Receivables growing faster than revenue
Receivables +19.2% vs revenue +7.6% (+11.6 pts)
10-K · XBRL
Accounting checks
9 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +19.2% vs revenue +7.6% (+11.6 pts)
  • Cash from operations $13.2B vs net income $10.6B (FY ending Dec 31, 2025)
8 more checks with nothing to note
  • Inventory -5.4% vs revenue +7.6% (-13.0 pts)
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

No new paragraphs in Risk Factors

No new paragraphs in Risk Factors, or fewer than two 10-Ks to compare.

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$60.5B$61.9B$62.8B$67.5B
Net income$1.6B$7.5B$6.0B$10.6B
Operating cash flow$10.4B$13.9B$13.4B$13.2B
Free cash flow$9.1B$12.7B$12.4B$12.1B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$67.5B ▲ 7.6% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

IBM, Armonk, NY · from the 10-K filed Feb 24, 2026

International Business Machines Corporation (IBM or the company) was incorporated in the State of New York on June 16, 1911, as the Computing-Tabulating-Recording Co. (C-T-R), a consolidation of the Computing Scale Co. of America, the Tabulating Machine Co. and The International Time Recording Co. of New York. Since that time, IBM has focused on the intersection of business insight and technological innovation, and its operations and aims have been international in nature. This was signaled over 100 years ago, in 1924, when C-T-R changed its name to International Business Machines Corporation.

Headquarters
Armonk, NY
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 21, 2026
Incorporated in
NY

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Sources

Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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