International Business Machines (IBM) EV to FCF (2009 - 2026)
International Business Machines (IBM) posted EV to FCF of 107.12 for Q2 2026, up 148.43% on a QoQ basis from 43.12 in Q1 2026, and down 38.28% year-over-year from 173.57 in Q2 2025.
Analysis
International Business Machines (IBM) EV to FCF (2009 - 2026) Analysis & Trends
International Business Machines has reported EV to FCF for 18 years, with the latest figure at 107.12 in Q2 2026.
- On a quarterly basis, EV to FCF fell 38.28% year-over-year to 107.12 in Q2 2026; TTM through Jun 2026 was 18.4, a 13.0% decrease from a year earlier, with the FY2025 full-year figure at 21.48, up 42.83% from the prior year.
- EV to FCF was 107.12 for Q2 2026 at International Business Machines, up from 43.12 in the prior quarter.
- The five-year high for EV to FCF was 173.57 in Q2 2025, with the low at 29.22 in Q1 2023.
- Average EV to FCF over 5 years is 65.13, with a median of 49.13 recorded in 2023.
- The sharpest annual moves came in 2023 and 2025: EV to FCF slumped 61.91% in 2023, then jumped 123.78% in 2025.
- Over 5 years, EV to FCF stood at 32.59 in 2022, then decreased by 2.23% to 31.87 in 2023, then soared by 45.29% to 46.3 in 2024, then surged by 53.5% to 71.07 in 2025, then soared by 50.74% to 107.12 in 2026.
- The last three EV to FCF figures came in at 107.12 (Q2 2026), 43.12 (Q1 2026), and 71.07 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,667.40 Bn | 3,534.65 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.04 Bn | 207.68 Bn | 9.91 Bn |
| 3 | Nebius | 58.85 Bn | 50.80 Bn | 448.70 Mn |
| 4 | CoreWeave | 55.02 Bn | 49.48 Bn | 1.70 Bn |
| 5 | Nutanix | 17.94 Bn | 15.92 Bn | 610.79 Mn |
| 6 | DigitalOcean Holdings | 13.27 Bn | 12.51 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 | 1.08 Bn | -786.20 Mn | 1.17 Mn |
| 10 | Backblaze | 787.43 Mn | 736.05 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 107.12 |
| Mar 31, 2026 | 43.12 |
| Dec 31, 2025 | 71.07 |
| Sep 30, 2025 | 87.89 |
| Jun 30, 2025 | 173.57 |
| Mar 31, 2025 | 51.80 |
| Dec 31, 2024 | 46.30 |
| Sep 30, 2024 | 72.24 |
| Jun 30, 2024 | 77.56 |
| Mar 31, 2024 | 39.80 |
| Dec 31, 2023 | 31.87 |
| Sep 30, 2023 | 42.24 |
| Jun 30, 2023 | 46.47 |
| Mar 31, 2023 | 29.22 |
| Dec 31, 2022 | 32.59 |
| Sep 30, 2022 | 61.72 |
| Jun 30, 2022 | 122.01 |
| Mar 31, 2022 | 35.81 |
| Dec 31, 2021 | 53.84 |
| Sep 30, 2021 | 51.43 |