International Business Machines Cash Flow Conversion Efficiency
International Business Machines cash flow conversion efficiency. Based on the latest financial reports, International Business Machines (IBM) has a cash flow conversion efficiency ratio of 0.075x as of June 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($2.60 Billion) by net assets ($34.54 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of International Business Machines (1989–2025)
Cash flow conversion efficiency of International Business Machines from 1989 to 2025. This chart illustrates how International Business Machines's cash flow conversion efficiency has evolved over time, based on yearly financial data. View current stock price of International Business Machines for real-time trading data and today's change.
International Business Machines Cash Flow Conversion Ratio Explained
International Business Machines cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
International Business Machines Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of International Business Machines ranked by their cash flow conversion efficiency. Also see market value of International Business Machines for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Nestlé S.A
F:NESM
|
0.137x |
|
Thermo Fisher Scientific Inc
NYSE:TMO
|
0.044x |
|
LVMH Moët Hennessy - Louis Vuitton Société Européenne
PA:MC
|
0.118x |
|
GE Vernova LLC
NYSE:GEV
|
0.344x |
|
BHP Group
MX:BHPN
|
0.061x |
|
Siemens Aktiengesellschaft
XETRA:SIE
|
0.058x |
|
Novartis AG
SW:NOVN
|
0.092x |
|
American Express Company
NYSE:AXP
|
0.112x |
Annual Cash Flow Conversion Efficiency for International Business Machines (1989–2025)
The table below shows the annual cash flow conversion efficiency of International Business Machines from 1989 to 2025. Review International Business Machines free cash flow generation to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $32.74 Billion | $13.19 Billion | 0.403x | -17.91% |
| 2024-12-31 | $27.39 Billion | $13.45 Billion | 0.491x | -17.37% |
| 2023-12-31 | $22.61 Billion | $13.43 Billion | 0.594x | +25.35% |
| 2022-12-31 | $22.02 Billion | $10.44 Billion | 0.474x | -29.65% |
| 2021-12-31 | $19.00 Billion | $12.80 Billion | 0.674x | -23.28% |
| 2020-12-31 | $20.73 Billion | $18.20 Billion | 0.878x | +24.75% |
| 2019-12-31 | $20.98 Billion | $14.77 Billion | 0.704x | -21.85% |
| 2018-12-31 | $16.93 Billion | $15.25 Billion | 0.901x | -4.56% |
| 2017-12-31 | $17.72 Billion | $16.72 Billion | 0.944x | +1.58% |
| 2016-12-31 | $18.39 Billion | $17.08 Billion | 0.929x | -22.35% |
| 2015-12-31 | $14.42 Billion | $17.25 Billion | 1.196x | -14.80% |
| 2014-12-31 | $12.01 Billion | $16.87 Billion | 1.404x | +84.12% |
| 2013-12-31 | $22.93 Billion | $17.48 Billion | 0.763x | -26.09% |
| 2012-12-31 | $18.98 Billion | $19.59 Billion | 1.032x | +5.19% |
| 2011-12-31 | $20.23 Billion | $19.85 Billion | 0.981x | +16.25% |
| 2010-12-31 | $23.17 Billion | $19.55 Billion | 0.844x | -7.59% |
| 2009-12-31 | $22.75 Billion | $20.77 Billion | 0.913x | -34.66% |
| 2008-12-31 | $13.46 Billion | $18.81 Billion | 1.397x | +147.22% |
| 2007-12-31 | $28.47 Billion | $16.09 Billion | 0.565x | +7.26% |
| 2006-12-31 | $28.51 Billion | $15.02 Billion | 0.527x | +16.93% |
| 2005-12-31 | $33.10 Billion | $14.91 Billion | 0.451x | -12.99% |
| 2004-12-31 | $29.75 Billion | $15.41 Billion | 0.518x | +0.17% |
| 2003-12-31 | $27.86 Billion | $14.41 Billion | 0.517x | -14.57% |
| 2002-12-31 | $22.78 Billion | $13.79 Billion | 0.605x | +1.93% |
| 2001-12-31 | $23.61 Billion | $14.02 Billion | 0.594x | +32.04% |
| 2000-12-31 | $20.62 Billion | $9.27 Billion | 0.450x | -8.78% |
| 1999-12-31 | $20.51 Billion | $10.11 Billion | 0.493x | +3.31% |
| 1998-12-31 | $19.43 Billion | $9.27 Billion | 0.477x | +6.66% |
| 1997-12-31 | $19.82 Billion | $8.87 Billion | 0.447x | -5.83% |
| 1996-12-31 | $21.63 Billion | $10.28 Billion | 0.475x | -0.52% |
| 1995-12-31 | $22.42 Billion | $10.71 Billion | 0.478x | -5.19% |
| 1994-12-31 | $23.41 Billion | $11.79 Billion | 0.504x | +19.39% |
| 1993-12-31 | $19.74 Billion | $8.33 Billion | 0.422x | +85.75% |
| 1992-12-31 | $27.62 Billion | $6.27 Billion | 0.227x | +24.98% |
| 1991-12-31 | $37.01 Billion | $6.72 Billion | 0.182x | +4.17% |
| 1990-12-31 | $42.83 Billion | $7.47 Billion | 0.174x | -8.87% |
| 1989-12-31 | $38.51 Billion | $7.37 Billion | 0.191x | -- |
About International Business Machines
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations … Read more