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Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM’s products, including Red Hat, watsonx, and mainframes, handle some of the world’s most important data workloads in areas like finance and retail.
1911
293.4K+
LTM Revenue $64.6B
LTM EBITDA $16.7B
$321B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
IBM has a last 12-month revenue (LTM) of $64.6B and a last 12-month EBITDA of $16.7B.
In the most recent fiscal year, IBM achieved revenue of $62.8B and an EBITDA of $12.2B.
IBM expects next 12-month revenue of XXX and NTM EBITDA of XXX
See IBM valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $64.6B | XXX | $62.8B | XXX | XXX | XXX |
| Gross Profit | $37.6B | XXX | $35.6B | XXX | XXX | XXX |
| Gross Margin | 58% | XXX | 57% | XXX | XXX | XXX |
| EBITDA | $16.7B | XXX | $12.2B | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 19% | XXX | XXX | XXX |
| EBIT | $12.1B | XXX | $10.1B | XXX | XXX | XXX |
| EBIT Margin | 19% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $10.0B | XXX | $6.0B | XXX | XXX | XXX |
| Net Margin | 16% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $41.0B | XXX | XXX | XXX |
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As of July 8, 2025, IBM's stock price is $292.
IBM has current market cap of $272B, and EV of $321B.
See IBM trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $321B | $272B | XXX | XXX | XXX | XXX | $10.64 |
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Start Free TrialAs of July 8, 2025, IBM has market cap of $272B and EV of $321B.
IBM's trades at 5.1x EV/Revenue multiple, and 26.4x EV/EBITDA.
Equity research analysts estimate IBM's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
IBM has a P/E ratio of 27.1x.
See valuation multiples for IBM and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $272B | XXX | $272B | XXX | XXX | XXX |
| EV (current) | $321B | XXX | $321B | XXX | XXX | XXX |
| EV/Revenue | 5.0x | XXX | 5.1x | XXX | XXX | XXX |
| EV/EBITDA | 19.3x | XXX | 26.4x | XXX | XXX | XXX |
| EV/EBIT | 26.5x | XXX | 31.9x | XXX | XXX | XXX |
| EV/Gross Profit | 8.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 27.1x | XXX | 45.1x | XXX | XXX | XXX |
| EV/FCF | 24.4x | XXX | 27.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialIBM's last 12 month revenue growth is 5%
IBM's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
IBM's rule of 40 is 29% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IBM's rule of X is 38% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for IBM and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 26% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 9% | XXX | XXX | XXX |
| Rule of 40 | 29% | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 38% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 41% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
IBM acquired XXX companies to date.
Last acquisition by IBM was XXXXXXXX, XXXXX XXXXX XXXXXX . IBM acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was IBM founded? | IBM was founded in 1911. |
| Where is IBM headquartered? | IBM is headquartered in United States of America. |
| How many employees does IBM have? | As of today, IBM has 293.4K+ employees. |
| Who is the CEO of IBM? | IBM's CEO is Mr. Arvind Krishna. |
| Is IBM publicy listed? | Yes, IBM is a public company listed on NYS. |
| What is the stock symbol of IBM? | IBM trades under IBM ticker. |
| When did IBM go public? | IBM went public in 1949. |
| Who are competitors of IBM? | Similar companies to IBM include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of IBM? | IBM's current market cap is $272B |
| What is the current revenue of IBM? | IBM's last 12 months revenue is $64.6B. |
| What is the current revenue growth of IBM? | IBM revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of IBM? | Current revenue multiple of IBM is 5.0x. |
| Is IBM profitable? | Yes, IBM is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of IBM? | IBM's last 12 months EBITDA is $16.7B. |
| What is IBM's EBITDA margin? | IBM's last 12 months EBITDA margin is 26%. |
| What is the current EV/EBITDA multiple of IBM? | Current EBITDA multiple of IBM is 19.3x. |
| What is the current FCF of IBM? | IBM's last 12 months FCF is $13.2B. |
| What is IBM's FCF margin? | IBM's last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of IBM? | Current FCF multiple of IBM is 24.4x. |
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