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Free cash flow margin at other companies

Intel logo
IntelINTC
-20.6%-1.9pp
Microsoft logo
MicrosoftMSFT
22.9%-2.8pp
Fair Isaac logo
Fair IsaacFICO
39.9%+1.8pp
PTC logo
PTCPTC
31%-4.0pp
NetApp logo
NetAppNTAP
27%+6.6pp
Amazon logo
AmazonAMZN
1.4%-1.8pp

Other financials

Income statement

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Revenue$15.9B+9.5%
Gross profit$8.9B+11.4%
Net income$1.2B+15.3%
EPS (diluted)$1.28+14.3%

Balance sheet

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Cash & equivalents$10.9B-2.7%
Total debt$77.4B+4.9%
Total equity$33.0B+22.7%
Total assets$156.23B+7.2%

Cash flow

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Operating cash flow$5.2B+18.3%
CapEx$232.0M-4.9%
Free cash flow$4.9B+19.7%

Valuation

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Market cap$246.58B-1.3%
Enterprise value$313.07B+0.3%
P/E22.9×-22.7×
P/S3.6×-0.4×

Profitability

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Gross margin58.4%+1.3pp
Net margin15.6%+6.9pp

Returns & leverage

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Return on equity35.9%+14.1pp
Debt / equity2.3×-0.4×
Current ratio0.8×-0.2×

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.