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Net debt / EBITDA at other companies

Intel logo
IntelINTC
3.7×-225×
Microsoft logo
MicrosoftMSFT
0.5×0.0×
Fair Isaac logo
Fair IsaacFICO
+0.1×
PTC logo
PTCPTC
0.7×-1.1×
NetApp logo
NetAppNTAP
0.4×-0.1×
Amazon logo
AmazonAMZN
0.9×+0.2×

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 the most recent quarter.

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 net debt / EBITDA?
International Business Machines (IBM) reported net debt / EBITDA of 3.8× in Q1 2026.
How has International Business Machines's net debt / EBITDA changed year-over-year?
International Business Machines's net debt / EBITDA decreased by 25.7% year-over-year, from 5.1× to 3.8×.
What is the long-term trend for International Business Machines's net debt / EBITDA?
Over 3 years (2022 to 2025), International Business Machines's net debt / EBITDA has grown at a -6.4% compound annual growth rate (CAGR), from 21.2× to 17.4×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.