International Business Machines Corp
Research International Business Machines Corp (IBM) on Bullrun: valuation model: 19.8% undervalued, market cap USD 220.61B, P/E 20.8, dividend yield 2.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerIBM
- ExchangeNYSE
- CountryUnited States
- SectorTechnology
- IndustryInformation Technology Services
- CurrencyUSD
- Valuation signal19.8% undervalued
- Market capUSD 220.61B
- P/E20.8
- Dividend yield2.8%
- Financial periodQ2 2026
- RevenueUSD 17.16B
- Net incomeUSD 2.17B
- Free cash flowUSD 2.21B
- Gross margin57.7%
Valuation Snapshot
Bullrun's latest valuation model marks International Business Machines Corp as 19.8% undervalued; latest market cap is USD 220.61B; P/E is 20.8; dividend yield is 2.8%.
Peer valuation comparison
Latest P/E is 20.79x versus a Technology sector median of 28.57x (27.3% below).
Latest dividend yield is 2.82% versus a Technology sector median of 1.65% (70.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 67.54B | USD 10.59B | USD 12.10B | 58.2% | 11.17 | USD 13.59B | USD 61.26B | USD 32.65B |
| FY2024 | USD 62.75B | USD 6.02B | USD 12.40B | 56.7% | 6.43 | USD 13.95B | USD 54.97B | USD 27.31B |
| FY2023 | USD 61.86B | USD 7.50B | USD 12.69B | 55.4% | 8.14 | USD 13.07B | USD 56.55B | USD 22.53B |
| FY2022 | USD 60.53B | USD 1.64B | USD 9.09B | 54.0% | 1.8 | USD 7.89B | USD 50.95B | USD 21.94B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 220.61B | 20.8 | 2.9% | 6.74 |
| 2025 | 2025-12-31 | USD 277.53B | 26.6 | 2.3% | 6.71 |
| 2024 | 2024-12-31 | USD 203.63B | 34.2 | 3.0% | 6.67 |
| 2023 | 2023-12-29 | USD 149.34B | 21.7 | 4.1% | 6.63 |
| 2022 | 2022-12-30 | USD 127.38B | 102.8 | 4.7% | 6.59 |
| 2021 | 2021-12-31 | USD 120.04B | 21.1 | 4.7% | 6.34 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 6.74 USD, yield 2.8%.
| Year | Dividends/share |
|---|---|
| FY2025 | 6.71 USD |
| FY2024 | 6.67 USD |
| FY2023 | 6.63 USD |
| FY2022 | 6.59 USD |
About International Business Machines Corp
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
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Frequently asked questions
Is International Business Machines Corp overvalued or undervalued?
Bullrun's valuation model currently marks International Business Machines Corp as 19.8% undervalued.
What is International Business Machines Corp's market cap?
International Business Machines Corp's market capitalization is USD 220.61B.
What is International Business Machines Corp's P/E ratio?
International Business Machines Corp's price-to-earnings (P/E) ratio is 20.8.
Does International Business Machines Corp pay a dividend?
International Business Machines Corp has a dividend yield of 2.8%.
What does International Business Machines Corp do?
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.