International Business Machines (IBM)
Financial leverage ratio
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 151,880,000 | 146,312,000 | 148,585,000 | 145,667,000 | 137,175,000 | 134,339,000 | 133,848,000 | 137,169,000 | 135,241,000 | 129,321,000 | 132,213,000 | 133,637,000 | 127,243,000 | 125,850,000 | 127,503,000 | 133,275,000 | 132,001,000 | 144,214,000 | 146,814,000 | 148,629,000 |
| Total stockholders’ equity | US$ in thousands | 32,648,000 | 27,905,000 | 27,509,000 | 26,880,000 | 27,307,000 | 24,448,000 | 24,026,000 | 23,261,000 | 22,533,000 | 23,081,000 | 22,201,000 | 21,604,000 | 21,944,000 | 20,076,000 | 19,409,000 | 19,050,000 | 18,901,000 | 22,228,000 | 21,942,000 | 21,389,000 |
| Financial leverage ratio | 4.65 | 5.24 | 5.40 | 5.42 | 5.02 | 5.49 | 5.57 | 5.90 | 6.00 | 5.60 | 5.96 | 6.19 | 5.80 | 6.27 | 6.57 | 7.00 | 6.98 | 6.49 | 6.69 | 6.95 |
December 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $151,880,000K ÷ $32,648,000K
= 4.65
Peer comparison
Dec 31, 2025
Company name
Symbol
Financial leverage ratio
International Business Machines
IBM
4.65
Accenture plc
ACN
2.10
Concentrix Corporation
CNXC
3.92
Penguin Solutions, Inc.
PENG
2.71
See also:
International Business Machines Financial Leverage (Quarterly Data)