International Business Machines (IBM)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 7,502,000 | 6,924,000 | 2,024,000 | 1,833,000 | 1,639,000 | 1,262,000 | 5,588,000 | 5,521,000 | 5,743,000 | 4,766,000 | 5,334,000 | 5,370,000 | 5,590,000 | 7,904,000 | 7,878,000 | 9,015,000 | 9,431,000 | 7,712,000 | 8,734,000 | 8,640,000 |
| Revenue (ttm) | US$ in thousands | 61,860,000 | 61,169,000 | 60,524,000 | 60,584,000 | 60,529,000 | 60,533,000 | 59,677,000 | 58,360,000 | 57,350,000 | 42,582,000 | 46,891,000 | 50,796,000 | 55,180,000 | 55,598,000 | 56,066,000 | 57,104,000 | 57,715,000 | 77,132,000 | 77,860,000 | 78,702,000 |
| Net profit margin | 12.13% | 11.32% | 3.34% | 3.03% | 2.71% | 2.08% | 9.36% | 9.46% | 10.01% | 11.19% | 11.38% | 10.57% | 10.13% | 14.22% | 14.05% | 15.79% | 16.34% | 10.00% | 11.22% | 10.98% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $7,502,000K ÷ $61,860,000K
= 12.13%
The net profit margin of International Business Machines Corp. has shown variability over the past eight quarters. In Q4 2023, the net profit margin was 12.13%, indicating that the company generated $0.1213 in profit for every dollar of revenue. This represented an improvement compared to the previous quarter, where the margin was 11.32%.
However, the net profit margin was notably lower in Q2 and Q1 of 2023, at 3.35% and 3.03% respectively, reflecting challenges in profitability during those periods. In contrast, the company had higher net profit margins in Q2 and Q3 of 2022, at 11.04% and 10.26% respectively.
Overall, it is important to assess the trend of net profit margins over an extended period to understand the company's profitability performance effectively.
Peer comparison
Dec 31, 2023
See also:
International Business Machines Net Profit Margin (Quarterly Data)