International Business Machines IBM
NYSE IBM
$232.13 -2.76 (-1.18%)
As of: Sep 8, 2026 · 3:59 PM EDT

International Business Machines (IBM) EV to EBITDA (2009 - 2026)

International Business Machines (IBM) posted EV to EBITDA of 97.01 for Q2 2026, down 23.08% on a QoQ basis from 126.12 in Q1 2026, and up 6.94% year-over-year from 90.71 in Q2 2025.

Analysis

International Business Machines (IBM) EV to EBITDA (2009 - 2026) Analysis & Trends

International Business Machines has reported EV to EBITDA for 18 years, with the latest figure at 97.01 in Q2 2026.

  • On a quarterly basis, EV to EBITDA rose 6.94% year-over-year to 97.01 in Q2 2026; TTM through Jun 2026 was 22.83, a 18.07% decrease from a year earlier, with the FY2025 full-year figure at 23.94, up 7.66% from the prior year.
  • EV to EBITDA was 97.01 for Q2 2026 at International Business Machines, down from 126.12 in the prior quarter.
  • The five-year high for EV to EBITDA was 178.84 in Q1 2025, with the low at 35.53 in Q4 2022.
  • Average EV to EBITDA over 5 years is 87.32, with a median of 79.58 recorded in 2022.
  • The sharpest annual moves came in 2024 and 2026: EV to EBITDA jumped 84.14% in 2024, then decreased 29.48% in 2026.
  • Over 5 years, EV to EBITDA stood at 35.53 in 2022, then increased by 0.15% to 35.58 in 2023, then soared by 45.26% to 51.69 in 2024, then rose by 17.54% to 60.75 in 2025, then surged by 59.68% to 97.01 in 2026.
  • The last three EV to EBITDA figures came in at 97.01 (Q2 2026), 126.12 (Q1 2026), and 60.75 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Microsoft 3,667.18 Bn 3,534.43 Bn 60.48 Bn
2 International Business Machines 219.09 Bn 207.74 Bn 9.91 Bn
3 Nebius 58.78 Bn 50.74 Bn 448.70 Mn
4 CoreWeave 55.00 Bn 49.46 Bn 1.70 Bn
5 Nutanix 17.90 Bn 15.89 Bn 610.79 Mn
6 DigitalOcean Holdings 13.16 Bn 12.39 Bn 154.66 Mn
7 Kingsoft Cloud Holdings 2.84 Bn 2.15 Bn 68.71 Mn
8 Tuya 1.14 Bn 160.97 Mn 43.05 Mn
9 SharonAI Holdings 1.07 Bn -787.99 Mn 1.17 Mn
10 Backblaze 791.99 Mn 740.61 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 97.01
Mar 31, 2026 126.12
Dec 31, 2025 60.75
Sep 30, 2025 98.21
Jun 30, 2025 90.71
Mar 31, 2025 178.84
Dec 31, 2024 51.69
Sep 30, 2024 114.80
Jun 30, 2024 65.92
Mar 31, 2024 160.88
Dec 31, 2023 35.58
Sep 30, 2023 62.34
Jun 30, 2023 55.21
Mar 31, 2023 101.41
Dec 31, 2022 35.53
Sep 30, 2022 68.46
Jun 30, 2022 68.00
Mar 31, 2022 100.32
Dec 31, 2021 37.92
Sep 30, 2021 92.83