INTERNATIONAL BUSINESS MACHINES CORPIBM

Market cap

$279.2B

P/E ratio

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Services	-	-	-	-	-	-	-	-	51,350	47,493	45,004	29,225	30,206	30,378	29,813
Sales	-	-	-	-	-	-	-	-	26,641	28,252	27,484	27,346	29,673	30,745	32,231
Financing	-	-	-	-	-	-	-	-	1,599	1,402	1,133	780	651	737	709
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
Services	-	-	-	-	-	-	-	-	34,059	32,491	30,404	19,147	21,062	21,051	20,529
Sales	-	-	-	-	-	-	-	-	7,464	7,263	6,934	6,184	6,374	6,127	6,303
Financing	-	-	-	-	-	-	-	-	1,132	904	708	534	406	382	369
Cost	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
Selling, general and 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
Research and Development Expense	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
Intellectual property and custom development income	1,154	1,108	1,074	822	742	682	1,631	1,466	1,026	648	626	612	663	860	996
Other (income) and expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,871
Interest expense	368	411	459	402	484	468	630	615	723	1,344	1,288	1,155	1,216	1,607	1,712
Total expense and other (income)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,754
Income from continuing operations before income taxes	-	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
Income Tax Expense (Benefit)	4,890	5,148	5,298	3,041	4,234	2,581	449	5,642	2,619	731	-864	124	-626	1,176	-218
Income from continuing operations	-	-	-	-	-	-	-	5,758	8,723	9,435	5,501	4,712	1,783	7,514	6,015
Income/(loss) from discontinued operations, net of tax	-	-	-	-	-	-	-	-5	5	-4	89	1,030	-143	-12	8
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
Continuing operations (in dollars per share)	-	-	-	-	15.59	13.6	12.39	6.14	9.51	10.57	6.13	5.21	1.95	8.15	6.42
Discontinued operations (in dollars per share)	-	-	-	-	-3.69	-0.18	-0.01	-	0.01	-0.01	0.1	1.14	-0.16	-0.01	0.01
Total (in dollars per share)	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
Continuing operations (in dollars per share)	-	-	-	-	15.68	13.66	12.44	6.17	9.56	10.63	6.18	5.26	1.97	8.25	6.53
Discontinued operations (in dollars per share)	-	-	-	-	-3.71	-0.18	-0.01	-	0.01	-	0.1	1.15	-0.16	-0.01	0.01
Total (in dollars 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