International Business Machines IBM Peer Comparison

NYSE IBM
$247.11 +2.43 (+0.99%)
At close: Nov 13, 2026 · 4:00 PM EST
Peer Comparison

105 Comparable Companies

Industry Group Cloud Computing

International Business Machines Corp (IBM) is the 6th largest of 105 Cloud Computing companies by market capitalisation, at 233.55 Bn, behind Oracle at 379.12 Bn. It trades on a P/E of 20.89, 15% below the peer median of 24.50. The table below compares all 105 on 7 financial metrics, including companies with a secondary business in the group.

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# Symbol Company Industry Mkt Cap Price Chg % 1Y P/E P/S Enterprise Value
1 MSFT Microsoft Cloud Platforms 3.89 Tn 523.88 +0.17% +4.09% 27.28 11.23 3.83 Tn
2 GOOGL 2nd Alphabet Cloud Platforms 3.62 Tn 295.77 -0.98% +6.17% 15.41 7.69 3.36 Tn
3 AMZN 2nd Amazon Com Cloud Platforms 2.93 Tn 266.66 -0.29% +12.24% 21.36 3.84 2.43 Tn
4 SPCX 2nd Space Exploration Technologies Data Centers 1.89 Tn 139.11 -0.59% — -484.19 58.95 1.65 Tn
5 ORCL 2nd Oracle Cloud Platforms 379.12 Bn 125.37 -1.40% -42.38% 19.85 5.28 251.67 Bn
6 IBM International Business Machines Cloud Platforms 233.55 Bn 247.11 +0.99% -18.94% 20.89 3.34 188.83 Bn
7 BABA 2nd Alibaba Group Holding Cloud Platforms 219.23 Bn 94.39 +0.05% -40.95% 20.81 1.46 41.30 Bn
8 SHOP 2nd Shopify Web Hosting and Domains 189.29 Bn 147.09 +0.21% +0.51% 89.03 13.36 174.44 Bn
9 STX 2nd Seagate Technology Holdings Data Centers 121.35 Bn 528.29 -3.09% +101.21% 27.40 8.79 116.20 Bn
10 NET Cloudflare Content Delivery Networks 109.18 Bn 305.72 -4.02% +43.17% -456.73 39.95 91.62 Bn
11 EQIX Equinix Data Centers 104.31 Bn 1,053.79 -1.77% +33.98% 63.17 10.37 92.20 Bn
12 SLB 2nd Slb Data Centers 76.30 Bn 51.69 +1.49% +42.36% 24.72 2.07 73.91 Bn
13 DLR 2nd Digital Realty Trust Data Centers 67.46 Bn 179.95 -1.96% +13.81% 76.38 9.51 60.51 Bn
14 HPE 2nd Hewlett Packard Enterprise Cloud Platforms 64.15 Bn 48.30 -3.75% +110.64% 23.36 1.53 42.09 Bn
15 NDAQ 2nd Nasdaq Data Centers 60.57 Bn 108.47 -0.17% +24.06% 29.09 6.62 58.01 Bn
16 CHT 2nd Chunghwa Telecom Data Centers 38.69 Bn 49.87 +1.61% +17.59% 28.89 4.90 31.18 Bn
17 P 2nd Everpure Cloud Platforms 35.99 Bn 107.99 -1.97% +28.62% 209.23 8.85 30.42 Bn
18 ERIC 2nd Ericsson Lm Telephone Content Delivery Networks 35.60 Bn 10.56 -0.47% +7.21% 17.24 1.45 13.21 Bn
19 NTAP 2nd NetApp Cloud Platforms 35.55 Bn 181.37 -2.53% +65.48% 25.07 4.81 18.36 Bn
20 IRM 2nd Iron Mountain Data Centers 33.89 Bn 113.79 -0.69% +24.54% 73.95 4.34 33.40 Bn
21 CRWV CoreWeave Cloud Platforms 29.43 Bn 53.13 -6.13% -32.18% -3.32 2.98 14.28 Bn
22 NBIS Nebius Cloud Platforms 29.32 Bn 115.88 -9.92% +30.75% 28.74 13.39 122.11 Mn
23 VRSN Verisign Web Hosting and Domains 28.11 Bn 313.02 +0.17% +24.46% 33.19 16.23 25.46 Bn
24 BIDU 2nd Baidu Cloud Platforms 26.59 Bn 78.14 +0.66% -35.23% -5.57 1.45 -46.85 Bn
25 CBRS 2nd Cerebras Systems Cloud Platforms 26.45 Bn 108.72 +11.22% — -39.87 35.00 7.83 Bn
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About these peers

Who are International Business Machines Corp's peers and competitors?

International Business Machines Corp (IBM) is compared with 105 US-listed companies in the Cloud Computing industry group, of which 41 have it as their primary business and 64 run a substantial Cloud Computing business alongside something else.

How are these peers chosen?

Peers are every company that BQ-MICS, our own multi-industry classification system, places in the same industry group as International Business Machines Corp. Unlike a single-label scheme, BQ-MICS assigns each company a primary industry and any secondary industries it genuinely operates in, and records the reasoning behind every assignment. Tap the info icon beside any ticker to read it.

What does "2nd" next to a ticker mean?

It marks a secondary match: the company operates a real business in this industry group, but it is not its largest. Tick "Primary business only" above the table to compare against pure plays alone.

How often is this peer comparison updated?

Prices, market caps and valuation figures refresh with each session's close. The classification itself is reviewed whenever a company's filings change what it does, such as a new segment, a disposal or an acquisition.

Can I compare these peers on other metrics?

Yes. Use Edit Columns above the table to add any of 1,000+ financial metrics and ratios to the comparison, and Download Data to export it.

International Business Machines Corp Peers API

Pull International Business Machines Corp's industry peers, with any metrics you choose plus the industry median and average, in one call with the Business Quant Peers API. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/peers?ticker=IBM&cols=Revenue%20(Quarter),Net%20Income%20(Quarter)&api_key=YOUR_API_KEY