INTERNATIONAL BUSINESS MACHINES CORPIBM

Market cap

$279.2B

P/E ratio

	2010/12	2011/12	2012/12	2013/12	2014/12	2015/12	2016/12	2017/12	2018/12	2019/12	2020/12	2021/12	2022/12	2023/12	2024/12
Revenue	99,870	106,916	104,507	99,751	92,793	81,741	79,919	79,139	79,591	77,147	73,620	57,350	60,530	61,860	62,753
Revenue growth (%)	-
Cost of revenue	53,857	56,778	54,209	51,246	46,386	41,057	41,625	42,913	42,655	40,659	38,046	25,865	27,842	27,560	27,201
Gross profit	46,014	50,138	50,298	48,505	46,407	40,684	38,294	36,227	36,936	36,488	35,575	31,486	32,687	34,300	35,551
Gross margin (%)
Research & development	6,026	6,258	6,302	6,226	5,437	5,247	5,751	5,787	5,379	5,989	6,333	6,488	6,567	6,775	7,479
Selling, general & administrative	21,837	23,594	23,553	23,502	23,180	20,430	21,069	20,107	19,366	20,604	23,082	18,745	18,609	19,003	19,688
Income before tax	19,723	21,003	21,902	19,524	19,986	15,945	12,330	11,400	11,342	10,166	4,637	4,837	1,156	8,690	5,797
Pretax margin (%)	19.7	19.6	21	19.6	21.5	19.5	15.4	14.4	14.3	13.2	6.3	8.4	1.9	14	9.2
Provision for income taxes	4,890	5,148	5,298	3,041	4,234	2,581	449	5,642	2,619	731	-864	124	-626	1,176	-218
Effective tax rate (%)
Net income	14,833	15,855	16,604	16,483	12,022	13,190	11,872	5,753	8,728	9,431	5,590	5,743	1,639	7,502	6,023
Net income margin (%)
Earnings per share	11.69	13.25	14.53	15.06	11.97	13.48	12.43	6.17	9.57	10.63	6.28	6.41	1.82	8.23	6.53
Diluted EPS	11.52	13.06	14.37	14.94	11.9	13.42	12.38	6.14	9.52	10.56	6.23	6.35	1.8	8.14	6.43
Dividend payout ratio (%)	-	-	-	-	-	-	-	-
Dividend per share	-	-	-	-	-	-	-	-	6.21	6.43	6.51	6.55	6.59	6.63	6.67