International Business Machines (IBM) - Cash Flow Conversion Efficiency
Based on the latest financial reports, International Business Machines (IBM) has a cash flow conversion efficiency ratio of 0.123x as of December 2025. 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 ($4.04 Billion) by net assets ($32.74 Billion). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
International Business Machines - Cash Flow Conversion Efficiency Trend (1989–2025)
This chart illustrates how International Business Machines's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read International Business Machines (IBM) financial obligations for a breakdown of total debt and financial obligations.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
American Express Company
NYSE:AXP
|
0.092x |
|
Toyota Motor Corporation
F:TOMA
|
0.028x |
|
Citigroup Inc
NYSE:C
|
0.005x |
|
Nestlé S.A
F:NESM
|
0.137x |
|
T-Mobile US Inc
NASDAQ:TMUS
|
0.112x |
|
PepsiCo Inc
NASDAQ:PEP
|
0.322x |
|
Linde plc Ordinary Shares
NASDAQ:LIN
|
0.076x |
|
Reliance Industries Limited
NSE:RELIANCE
|
0.094x |
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. For the full company profile with market capitalisation and key ratios, see market cap of International Business Machines.
| 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