Company / FCF Margin
IBM FCF Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
17.9%
FY2025
5-year range
15.0% / 20.5%
FY2021-FY2025
Trend
-9.3%
vs FY2024
Sector context
#116 of 280
Information Technology
What the data says
At 17.9%, IBM's fcf margin ranks #116 of 280 in the Information Technology sector. FCF Margin has fluctuated over the past 10 years, ranging from 14.9% in FY2018 to 28.2% in FY2020.
Based on SEC 10-K filings.
17.9% in FY2025 with a 5-year CAGR of -10.3%.
Declined from 20.5% to 17.9% over the past 2 years.
Information Technology sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- +2.9pp
- 5-Year Change
- -10.3pp
- 10-Year Change
- -
Sector benchmark
#116 of 280 in Information TechnologyTop 41% of 280This company 17.9% Sector average -113.7%
▼
+115.8% above sector average
Key checks
Key Insights
- In FY2025, fcf margin decreased 9.3% year-over-year.
- Currently 131.6pp above the Information Technology sector average.
- Peak fcf margin was recorded in FY2020.
- Lowest fcf margin in the period was in FY2018.
Company context
Key Data Points
- Strong return on equity: 28.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 17.9% | -9.3% |
| FY2024 | 19.8% | -3.7% |
| FY2023 | 20.5% | +36.6% |
| FY2022 | 15.0% | -19.8% |
| FY2021 | 18.7% | -33.7% |
| FY2020 | 28.2% | +30.5% |
| FY2019 | 21.6% | +45.3% |
| FY2018 | 14.9% | -12.7% |
| FY2017 | 17.1% | +0.8% |
| FY2016 | 16.9% | +1.1% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026