Company / Working Capital
IBM Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$1.7B
FY2025
5-year range
-$4.1B / $1.3B
FY2021-FY2025
Trend
-227.9%
vs FY2024
Sector context
#307 of 311
Information Technology
What the data says
Working Capital changed -228% YoY in FY2025, a notable deviation from the 9-year average annual change of -72%.
Based on SEC 10-K filings.
-$1.7B in FY2025.
Declined from -$1.2B to -$1.7B over the past 2 years.
Information Technology sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 1% in Information TechnologyTop 99% of 311This company -$1.7B Sector average $1.7B
▼
-199.9% below sector average
Key checks
Key Insights
- In FY2025, working capital decreased 227.9% year-over-year.
- Ranks #307 out of 311 companies in the Information Technology sector.
- Peak working capital was recorded in FY2017.
- Lowest working capital in the period was in FY2021.
Company context
Key Data Points
- Strong return on equity: 28.3%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$1.7B | -227.9% |
| FY2024 | $1.3B | +210.4% |
| FY2023 | -$1.2B | +49.1% |
| FY2022 | -$2.4B | +41.5% |
| FY2021 | -$4.1B | -479.5% |
| FY2020 | -$704.0M | -197.9% |
| FY2019 | $719.0M | -93.4% |
| FY2018 | $10.9B | -11.7% |
| FY2017 | $12.4B | +62.5% |
| FY2016 | $7.6B | -7.6% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026