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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

International Business Machines (IBM) FCF Margin (2016 - 2026)

International Business Machines has reported FCF Margin over the past 17 years, most recently at 18.58% for Q4 2025.

  • Quarterly results put FCF Margin at 18.58% for Q4 2025, down 436.0% from a year ago — trailing twelve months through Dec 2025 was 17.92% (down 184.0% YoY), and the annual figure for FY2025 was 17.92%, down 184.0%.
  • FCF Margin for Q4 2025 was 18.58% at International Business Machines, up from 17.31% in the prior quarter.
  • Over the last five years, FCF Margin for IBM hit a ceiling of 33.52% in Q1 2021 and a floor of 6.32% in Q2 2022.
  • Median FCF Margin over the past 5 years was 17.96% (2025), compared with a mean of 18.53%.
  • Peak annual rise in FCF Margin hit 1163bps in 2021, while the deepest fall reached -25651bps in 2021.
  • International Business Machines' FCF Margin stood at 12.54% in 2021, then skyrocketed by 70bps to 21.31% in 2022, then increased by 12bps to 23.95% in 2023, then fell by -4bps to 22.94% in 2024, then decreased by -19bps to 18.58% in 2025.
  • The last three reported values for FCF Margin were 18.58% (Q4 2025), 17.31% (Q3 2025), and 8.78% (Q2 2025) per Business Quant data.