International Business Machines Corporation

NYSE:IBM Stock Report

Mkt Cap: US$129.9b

International Business Machines Past Earnings Performance

Past criteria checks 4/6

International Business Machines's earnings have been declining at an average annual rate of -22.3%, while the IT industry saw earnings growing at 21.7% annually. Revenues have been declining at an average rate of 7.4% per year. International Business Machines's return on equity is 30.7%, and it has net margins of 11.6%.

Key information

-22.3%

Earnings growth rate

-22.3%

EPS growth rate

IT Industry Growth21.7%
Revenue growth rate-7.4%
Return on equity30.7%
Net Margin11.6%
Last Earnings Update30 Sep 2023

Recent past performance updates

Recent updates

IBM Q3 Earnings Preview: Strong Business, But Stock Valuation Is Now Unattractive

Oct 20

IBM: Downgrading To Hold, No Near-Term Catalyst This Year

Oct 05

Is International Business Machines (NYSE:IBM) A Risky Investment?

Oct 02
Is International Business Machines (NYSE:IBM) A Risky Investment?

IBM's Collaboration With Rapidus Will Likely Ignite Japan's Semiconductor Industry

Sep 30

The Comeback Kid! - AI-Focused IBM Is Suddenly Outperforming

Sep 21

Are Investors Undervaluing International Business Machines Corporation (NYSE:IBM) By 32%?

Sep 01
Are Investors Undervaluing International Business Machines Corporation (NYSE:IBM) By 32%?

IBM: One Stop Artificial Intelligence Shop For Global Business

Aug 16

Why International Business Machines Corporation (NYSE:IBM) Could Be Worth Watching

Jul 26
Why International Business Machines Corporation (NYSE:IBM) Could Be Worth Watching

IBM Q2 Earnings: Dividend Coverage Check-In

Jul 20

IBM: Still Looks Interesting Before Earnings

Jul 13

IBM: Emerging Buying Opportunities (Technical Analysis)

Jul 02

Does International Business Machines (NYSE:IBM) Have A Healthy Balance Sheet?

Jun 13
Does International Business Machines (NYSE:IBM) Have A Healthy Balance Sheet?

IBM: Buy For The 5% Dividend, Hold For The AI Upside

Jun 09

Calculating The Fair Value Of International Business Machines Corporation (NYSE:IBM)

May 30
Calculating The Fair Value Of International Business Machines Corporation (NYSE:IBM)

This section of the company report contains some beta features.

Revenue & Expenses Breakdown
Beta

How International Business Machines makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:IBM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2361,1687,09818,9886,631
30 Jun 2360,5252,17018,7576,557
31 Mar 2360,5852,05418,9956,543
31 Dec 2260,5301,78219,1966,567
30 Sep 2260,5351,37619,5816,588
30 Jun 2259,6785,62719,6566,583
31 Mar 2258,3634,97219,6816,551
31 Dec 2157,3514,71319,8036,488
30 Sep 2142,5821,94618,3656,403
30 Jun 2146,8922,60818,6646,312
31 Mar 2150,7933,15919,0046,253
31 Dec 2055,1793,93220,5616,262
30 Sep 2075,0307,90521,3786,318
30 Jun 2075,4977,87921,4296,303
31 Mar 2076,5369,01821,0906,128
31 Dec 1957,7147,14618,7245,910
30 Sep 1977,1317,71919,8645,698
30 Jun 1977,8588,73819,6175,450
31 Mar 1978,7018,64119,8015,407
31 Dec 1879,5918,72319,3665,379
30 Sep 1880,3735,71820,6315,399
30 Jun 1880,7715,75121,5575,438
31 Mar 1880,0565,68021,0095,511
31 Dec 1779,1395,75821,1375,590
30 Sep 1778,36611,31620,4425,643
30 Jun 1778,43911,44519,4975,749
31 Mar 1779,39011,61720,1295,777
31 Dec 1679,91911,88120,2255,726
30 Sep 1680,20811,83620,1885,682
30 Jun 1680,26111,94320,1005,572
31 Mar 1680,83512,96519,7885,407
31 Dec 1581,74113,36419,5895,247
30 Sep 1583,79514,41719,8445,205
30 Jun 1586,91314,91120,4745,272
31 Mar 1590,14715,63721,0545,333
31 Dec 1492,79315,75121,5495,437
30 Sep 1496,06616,45322,1315,569
30 Jun 1497,00717,13722,1165,571
31 Mar 1497,19616,37922,1835,501
31 Dec 1398,36816,88122,3955,743
30 Sep 13100,28616,49822,3325,871
30 Jun 13101,69516,18222,4356,049
31 Mar 13103,24216,57022,4656,345
31 Dec 12102,87416,99922,4945,816

Quality Earnings: IBM has high quality earnings.

Growing Profit Margin: IBM's current net profit margins (11.6%) are higher than last year (2.3%).

Past Earnings Growth Analysis

Earnings Trend: IBM's earnings have declined by 22.3% per year over the past 5 years.

Accelerating Growth: IBM's earnings growth over the past year (415.8%) exceeds its 5-year average (-22.3% per year).

Earnings vs Industry: IBM earnings growth over the past year (415.8%) exceeded the IT industry 14.6%.

Return on Equity

High ROE: Whilst IBM's Return on Equity (30.65%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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