International Business Machines (IBM)
Profitability ratios
Return on sales
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|---|---|
| Gross profit margin | 59.50% | 56.65% | 55.45% | 54.00% | 54.90% |
| Operating profit margin | 15.29% | 16.05% | 12.15% | 13.50% | 11.91% |
| Pretax margin | 15.29% | 9.24% | 14.05% | 1.91% | 8.43% |
| Net profit margin | 15.69% | 9.60% | 12.13% | 2.71% | 10.01% |
Return on investment
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.80% | 7.34% | 5.56% | 6.42% | 5.18% |
| Return on assets (ROA) | 6.97% | 4.39% | 5.55% | 1.29% | 4.35% |
| Return on total capital | 37.56% | 27.50% | 33.35% | 10.81% | 37.15% |
| Return on equity (ROE) | 32.45% | 22.06% | 33.29% | 7.47% | 30.38% |