# INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM) · Edgar & Edgarette company card

> International Business Machines (IBM) grew revenue 7.6% in FY2025 to $67.5 billion, equity 21.5% of assets, and dividend per share up 9 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 51143 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/IBM) · [JSON](https://www.pops4.com/boards/company/IBM.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $67.5B |
| Revenue growth, 1 year | 7.6% |
| Revenue growth per year | 4.2% |
| Operating margin | — |
| Net margin | 15.7% |
| Operating cash flow | $13.2B |
| Capital spending | $1.1B |
| Free cash flow | $12.1B |
| Cash | $13.6B |
| Long-term debt | $61.3B |
| Total assets | $151.9B |
| Total equity | $32.6B |
| Equity ÷ assets | 21.5% |
| Return on equity | 32.4% |
| Dividend per share | $6.71 |
| Dividend years rising | 9 |

## Readings, computed from those figures

- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $67.5B (FY2025), total debt $61.3B. Experience: revenue up 7.6% on the year, up 4.2% a year over 4 years. Soundness: equity 21.5% of assets, return on equity 32.4%, payout 59.0% of profit, dividend per share up 9 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $64.4B and $74.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $60.6B to $78.2B. A statistical range, not company guidance. Against peers (35 filers, $50M+ revenue, its industry group): growth 7.6% against 6.6%.

Range logged 2026-09-26, receipt 8f87a042c149f94b, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 3, latest 2026-10-01 ([filing](https://www.sec.gov/Archives/edgar/data/51143/000005114326000086/0000051143-26-000086-index.htm))

## Recent filings

- 10-Q · filed 2026-10-22 · [filing](https://www.sec.gov/Archives/edgar/data/51143/000005114326000095/0000051143-26-000095-index.htm)
- 8-K · filed 2026-10-21 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/51143/000005114326000093/0000051143-26-000093-index.htm)
- 8-K · filed 2026-10-01 · 5.02 Departure or Election of Directors; Appointment of Officers; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/51143/000005114326000086/0000051143-26-000086-index.htm)
- 8-K · filed 2026-08-14 · 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/51143/000110465926097089/0001104659-26-097089-index.htm)
- 10-Q · filed 2026-07-23 · [filing](https://www.sec.gov/Archives/edgar/data/51143/000005114326000078/0000051143-26-000078-index.htm)
- 8-K · filed 2026-07-22 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/51143/000005114326000077/0000051143-26-000077-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000051143.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=51143

## Cite

POPS4, Edgar & Edgarette: INTERNATIONAL BUSINESS MACHINES CORPORATION (IBM) company card, from the company's own SEC filings, accessed 2026-11-10, https://www.pops4.com/boards/company/IBM. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.