International Business Machines Corporation

SNSE:IBM Stock Report

Market Cap: US$206.2b

International Business Machines Past Earnings Performance

Past criteria checks 0/6

International Business Machines's earnings have been declining at an average annual rate of -3.2%, while the IT industry saw earnings growing at 14.5% annually. Revenues have been declining at an average rate of 2.1% per year. International Business Machines's return on equity is 26%, and it has net margins of 10.2%.

Key information

-3.2%

Earnings growth rate

-4.1%

EPS growth rate

IT Industry Growth15.3%
Revenue growth rate-2.1%
Return on equity26.0%
Net Margin10.2%
Next Earnings Update29 Jan 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

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


Earnings and Revenue History

SNSE:IBM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2462,5806,37319,0797,260
30 Jun 2462,3658,40418,7997,069
31 Mar 2462,0698,15518,5816,916
31 Dec 2361,8607,51418,4826,775
30 Sep 2361,1717,09824,4936,631
30 Jun 2360,5262,17024,6516,557
31 Mar 2360,5852,05424,8896,543
31 Dec 2260,5301,78225,0906,567
30 Sep 2260,5341,37619,5816,588
30 Jun 2259,6785,62719,6566,583
31 Mar 2258,3634,97219,6816,551
31 Dec 2157,3514,71320,0276,488
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

Quality Earnings: IBM has a large one-off loss of $2.8B impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: IBM's current net profit margins (10.2%) are lower than last year (11.6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: IBM's earnings have declined by 3.2% per year over the past 5 years.

Accelerating Growth: IBM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IBM had negative earnings growth (-10.2%) over the past year, making it difficult to compare to the IT industry average (7%).


Return on Equity

High ROE: Whilst IBM's Return on Equity (25.98%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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