International Business Machines IBM
NYSE IBM
$232.55 -2.34 (-1.00%)
As of: Sep 8, 2026 · 3:46 PM EDT

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

Historic Data

Download Data
DateValue
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