International Business Machines IBM Free cash flow margin
Free cash flow margin at other companies
Other financials
Where this comes from
Calculated from International Business Machines’s reported figures.
Based on trailing twelve months.
The official record: International Business Machines’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is International Business Machines's free cash flow margin?
- International Business Machines (IBM) reported free cash flow margin of 18.7% in Q1 2026.
- How has International Business Machines's free cash flow margin changed year-over-year?
- International Business Machines's free cash flow margin decreased by 6.5% year-over-year, from 20% to 18.7%.
- What is the long-term trend for International Business Machines's free cash flow margin?
- Over 4 years (2021 to 2025), International Business Machines's free cash flow margin has grown at a -9.9% compound annual growth rate (CAGR), from 115.4% to 76.1%.
- What does free cash flow margin mean?
- How much real, spendable cash each sales dollar generates after reinvestment.
- How do you interpret free cash flow margin?
- A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
- How does free cash flow margin compare across companies?
- Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.