Last Price$250.2(0.9%)
Market Cap$236.6B
LTM FCF to Net Income
393.0%
5Y avg
261.9%
Information Technology Services industry
median
93.0%
Stock quality & Intrinsic value
6/10
(0.2%) overvalued
International Business Machines Corporation FCF to Net Income
Annual
Quarterly
LTM
Industry median
Company stand-alone
Crunching data... Almost there!
| Dec'04 | Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF to Net Income | 122.5% | 129.6% | 103.8% | 101.6% | 112.9% | 124.4% | 83.4% | 95.7% | 92.2% | 83.0% | 109.2% | 100.0% | 107.7% | 233.1% | 132.1% | 131.5% | 271.1% | 181.4% | 523.2% | 161.6% |
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International Business Machines Corporation (IBM) FCF to Net Income comparison analysis
General
LTM FCF to Net Income
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
International Business Machines CorporationIBM
393.0%
2.2%
352.2%
12.1%
Median Peer Set
120.1%
1.8%
6.6%
11.4%
Fidelity National Information Services, Inc.FIS
262.0%
(32.4%)
(59.3%)
(67.8%)
Accenture plcACN
170.0%
1.2%
6.2%
11.2%
Fiserv, Inc.FI
162.4%
7.1%
7.2%
15.3%
Wipro LimitedWIT
139.9%
(3.8%)
(2.6%)
12.3%
Broadridge Financial Solutions, Inc.BR
124.7%
7.4%
10.6%
10.7%
CGI Inc.GIB
115.6%
1.7%
(100.0%)
11.5%
Infosys LimitedINFY
113.2%
1.9%
6.9%
17.1%
Gartner, Inc.IT
110.3%
6.1%
44.3%
20.0%
CDW CorporationCDW
107.1%
(10.0%)
(0.5%)
5.2%
Cognizant Technology Solutions CorporationCTSH
81.6%
2.0%
7.4%
11.3%
IBM key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Dec'04 | Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 96,293.0 0.0% | 91,134.0 (5.4%) | 91,424.0 0.3% | 98,786.0 8.1% | 103,630.0 4.9% | 95,758.0 (7.6%) | 99,870.0 4.3% | 106,916.0 7.1% | 104,507.0 (2.3%) | 99,751.0 (4.6%) | 92,793.0 (7.0%) | 81,742.0 (11.9%) | 79,920.0 (2.2%) | 79,139.0 (1.0%) | 79,590.0 0.6% | 77,147.0 (3.1%) | 73,620.0 (4.6%) | 57,351.0 (22.1%) | 60,530.0 5.5% | 61,860.0 2.2% |
| Cost of Goods Sold (COGS) | 60,261.0 | 54,602.0 | 53,129.0 | 57,057.0 | 57,969.0 | 51,973.0 | 53,857.0 | 56,778.0 | 54,209.0 | 51,246.0 | 46,386.0 | 41,057.0 | 41,625.0 | 42,913.0 | 42,655.0 | 40,659.0 | 38,045.0 | 25,865.0 | 27,843.0 | 27,560.0 |
% margin | 36,032.0 37.4% | 36,532.0 40.1% | 38,295.0 41.9% | 41,729.0 42.2% | 45,661.0 44.1% | 43,785.0 45.7% | 46,013.0 46.1% | 50,138.0 46.9% | 50,298.0 48.1% | 48,505.0 48.6% | 46,407.0 50.0% | 40,685.0 49.8% | 38,295.0 47.9% | 36,226.0 45.8% | 36,935.0 46.4% | 36,488.0 47.3% | 35,575.0 48.3% | 31,486.0 54.9% | 32,687.0 54.0% | 34,300.0 55.4% |
| Operating Expenses | 25,057.0 | 27,156.0 | 26,366.0 | 28,213.0 | 29,723.0 | 26,773.0 | 27,864.0 | 29,852.0 | 28,730.0 | 28,749.0 | 27,541.0 | 24,763.0 | 25,102.0 | 24,372.0 | 23,651.0 | 25,945.0 | 28,789.0 | 24,621.0 | 24,513.0 | 25,257.0 |
| Research & Development Expenses (R&D) | 5,673.0 | 5,842.0 | 6,107.0 | 6,153.0 | 6,337.0 | 5,820.0 | 6,026.0 | 6,258.0 | 6,302.0 | 6,226.0 | 5,437.0 | 5,247.0 | 5,751.0 | 5,787.0 | 5,379.0 | 5,989.0 | 6,333.0 | 6,488.0 | 6,567.0 | 6,775.0 |
| Selling, General & Administrative Expenses (SG&A) | 19,384.0 | 21,314.0 | 20,259.0 | 22,060.0 | 23,386.0 | 20,521.0 | 21,545.0 | 23,217.0 | 23,174.0 | 22,975.0 | 22,472.0 | 19,894.0 | 20,479.0 | 19,555.0 | 18,863.0 | 20,604.0 | 23,082.0 | 18,745.0 | 18,609.0 | 17,997.0 |
% margin | 10,975.0 11.4% | 9,376.0 10.3% | 11,929.0 13.0% | 13,516.0 13.7% | 15,938.0 15.4% | 17,012.0 17.8% | 18,149.0 18.2% | 20,286.0 19.0% | 21,568.0 20.6% | 19,756.0 19.8% | 18,866.0 20.3% | 15,921.0 19.5% | 13,192.0 16.5% | 11,855.0 15.0% | 13,285.0 16.7% | 11,510.0 14.9% | 5,925.0 8.0% | 5,992.0 10.4% | 2,372.0 3.9% | 9,043.0 14.6% |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 343.0 | 94.0 | 92.0 | 136.0 | 109.0 | 74.0 | 90.0 | 72.0 | 108.0 | 144.0 | 264.0 | 349.0 | 105.0 | 52.0 | 162.0 | 670.0 |
| Interest Expense | 139.0 | 220.0 | 278.0 | 611.0 | 673.0 | 402.0 | 368.0 | 411.0 | 459.0 | 402.0 | 484.0 | 468.0 | 630.0 | 615.0 | 723.0 | 1,344.0 | 1,288.0 | 1,155.0 | 1,216.0 | 1,607.0 |
| Pre-tax Income | 12,028.0 | 12,226.0 | 13,317.0 | 14,489.0 | 16,715.0 | 18,138.0 | 19,723.0 | 21,003.0 | 21,902.0 | 19,524.0 | 19,986.0 | 15,945.0 | 12,330.0 | 11,400.0 | 11,342.0 | 10,166.0 | 4,637.0 | 4,837.0 | 1,156.0 | 8,690.0 |
% effective tax rate | 3,580.0 29.8% | 4,232.0 34.6% | 3,901.0 29.3% | 4,071.0 28.1% | 4,381.0 26.2% | 4,713.0 26.0% | 4,890.0 24.8% | 5,148.0 24.5% | 5,298.0 24.2% | 3,041.0 15.6% | 4,234.0 21.2% | 2,581.0 16.2% | 449.0 3.6% | 5,642.0 49.5% | 2,619.0 23.1% | 731.0 7.2% | (864.0) (18.6%) | 124.0 2.6% | (626.0) (54.2%) | 1,176.0 13.5% |
% margin | 8,430.0 8.8% | 7,934.0 8.7% | 9,492.0 10.4% | 10,418.0 10.5% | 12,334.0 11.9% | 13,425.0 14.0% | 14,833.0 14.9% | 15,855.0 14.8% | 16,604.0 15.9% | 16,483.0 16.5% | 12,022.0 13.0% | 13,190.0 16.1% | 11,872.0 14.9% | 5,753.0 7.3% | 8,728.0 11.0% | 9,431.0 12.2% | 5,590.0 7.6% | 5,742.0 10.0% | 1,640.0 2.7% | 7,502.0 12.1% |
| EPS | 5.03 | 4.96 | 6.20 | 7.32 | 9.07 | 10.12 | 11.69 | 13.25 | 14.53 | 15.06 | 11.97 | 13.48 | 12.43 | 6.17 | 9.57 | 10.63 | 6.28 | 6.41 | 1.82 | 8.23 |
| Diluted EPS | 4.93 | 4.87 | 6.11 | 7.18 | 8.93 | 10.01 | 11.52 | 13.06 | 14.37 | 14.94 | 11.90 | 13.42 | 12.38 | 6.14 | 9.53 | 10.56 | 6.23 | 6.35 | 1.80 | 8.14 |
% margin | 15,723.0 16.3% | 17,634.0 19.3% | 18,578.0 20.3% | 20,301.0 20.6% | 22,838.0 22.0% | 23,635.0 24.7% | 25,034.0 25.1% | 26,334.0 24.6% | 27,158.0 26.0% | 25,700.0 25.8% | 24,621.0 26.5% | 20,372.0 24.9% | 18,551.0 23.2% | 16,223.0 20.5% | 17,698.0 22.2% | 13,598.0 17.6% | 11,357.0 15.4% | 12,000.0 20.9% | 6,853.0 11.3% | 14,560.0 23.5% |
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FAQ
1) What is International Business Machines Corporation's FCF to Net Income?
As of today, Microsoft Corp's last 12-month FCF to Net Income is 393.0%, based on the financial report for Dec 31, 2024 (Q4’2024). The average annual FCF to Net Income for International Business Machines Corporation have been 290.0% over the past three years, and 275.0% over the past five years.
2) Is International Business Machines Corporation's FCF to Net Income Good?
As of today, International Business Machines Corporation's FCF to Net Income is 393.0%, which is higher than industry median of 93.0%. It indicates that International Business Machines Corporation's FCF to Net Income is Good.