International Business Machines (IBM) EV to FCF (2009 - 2026)
International Business Machines' EV to FCF was 18.63 in Q2 2026, down 12.0% from 21.18 a year earlier but up 11.3% from the prior quarter.
Powered by 
Analysis
International Business Machines (IBM) EV to FCF (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, International Business Machines' EV to FCF was 15.65 through Jun 30, 2026, down 10.3% year-over-year; for FY2025, it came in at 21.78, up 42.6% from FY2024.
- In earlier years, EV to FCF was 15.27 in FY2024 (+41.9%), 10.77 in FY2023 (-17.9%), 13.11 in FY2022 (+24.8%) and 10.50 in FY2021 (+75.2%).
- Quarterly EV to FCF has moved between 8.02 (Q3 2021) and 21.78 (Q4 2025) over five years.
- Compared with a year earlier, EV to FCF was higher in six of the last eight quarters, with growth averaging 35.8%.
- The best year-over-year quarter for EV to FCF over five years was Q2 2022 (growth of 89.3%); the worst was Q2 2023 (a decline of 33.6%).
- Per Business Quant data, IBM's EV to FCF in the three quarters before Q2 2026 was 16.74 (Q1 2026), 21.78 (Q4 2025) and 19.96 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,833.59 Bn | 3,756.75 Bn | 60.48 Bn |
| 2 | International Business Machines | 212.47 Bn | 163.37 Bn | 9.91 Bn |
| 3 | Cloudflare | 112.40 Bn | 95.93 Bn | 499.52 Mn |
| 4 | Equinix | 99.47 Bn | 88.02 Bn | 1.40 Bn |
| 5 | Nebius | 60.05 Bn | 33.48 Bn | 448.70 Mn |
| 6 | CoreWeave | 48.26 Bn | 35.35 Bn | 1.70 Bn |
| 7 | Verisign | 25.97 Bn | 23.18 Bn | 384.60 Mn |
| 8 | Nutanix | 18.41 Bn | 10.09 Bn | 651.35 Mn |
| 9 | Akamai Technologies | 16.36 Bn | 9.77 Bn | 613.75 Mn |
| 10 | DigitalOcean Holdings | 14.67 Bn | 12.67 Bn | 154.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.63 |
| Mar 31, 2026 | 16.74 |
| Dec 31, 2025 | 21.78 |
| Sep 30, 2025 | 19.96 |
| Jun 30, 2025 | 21.18 |
| Mar 31, 2025 | 16.97 |
| Dec 31, 2024 | 15.27 |
| Sep 30, 2024 | 15.22 |
| Jun 30, 2024 | 11.46 |
| Mar 31, 2024 | 11.90 |
| Dec 31, 2023 | 10.77 |
| Sep 30, 2023 | 9.70 |
| Jun 30, 2023 | 9.71 |
| Mar 31, 2023 | 10.58 |
| Dec 31, 2022 | 13.11 |
| Sep 30, 2022 | 12.82 |
| Jun 30, 2022 | 14.61 |
| Mar 31, 2022 | 11.45 |
| Dec 31, 2021 | 10.50 |
| Sep 30, 2021 | 8.02 |
API Access
International Business Machines EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=IBM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "IBM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=IBM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();