IBMIBM
Is the business good?
The checks split: nothing decisive, though returns that lean on debt.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 32% = margin × turnover × leverage.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is IBM?
IBM keeps 16% of every revenue dollar as profit after everything, against 5.3% for the median Information Technology Services name.
Net margin · Information Technology Services median 5.3% · 12 months to Q3 2026
- Share count, year on year
- +0.48%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 13%
R&D as % of revenue
- Gross margin
- 58%
Gross margin
Details›
- Gross margin12 months to Q3 2026
- 58%
- Net margin12 months to Q3 2026
- 16%
- Free cash flow margin
- 21%
- R&D as % of revenue
- 13%
- Revenue, trailing twelve months
- $69.9B
- Free cash flow, trailing twelve months
- $14.7B
- Net income, trailing twelve months
- $11.2B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Information Technology Services
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