International Business Machines (IBM) — Cash Flow Quality Index
International Business Machines (IBM) has a Cash Flow Quality Index of 1.20x as of June 2026. Operating cash flow of $2.60 Billion exceeds net income of $2.17 Billion, indicating high earnings quality where cash backs reported profits. Explore International Business Machines (IBM) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
International Business Machines Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for International Business Machines across 34 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see IBM cash generation efficiency.
Annual Cash Flow Quality Index for International Business Machines (1989–2025)
Year-by-year earnings quality comparison for International Business Machines.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.25x | $13.19 Billion | $10.57 Billion | ▼ -44.1% |
| 2024 | 2.23x | $13.45 Billion | $6.02 Billion | ▲ +15.1% |
| 2023 | 1.94x | $13.43 Billion | $6.92 Billion | ▼ -69.5% |
| 2022 | 6.37x | $10.44 Billion | $1.64 Billion | ▲ +185.7% |
| 2021 | 2.23x | $12.80 Billion | $5.74 Billion | ▼ -31.6% |
| 2020 | 3.26x | $18.20 Billion | $5.59 Billion | ▲ +107.9% |
| 2019 | 1.57x | $14.77 Billion | $9.43 Billion | ▼ -10.3% |
| 2018 | 1.75x | $15.25 Billion | $8.73 Billion | ▼ -39.9% |
| 2017 | 2.91x | $16.72 Billion | $5.75 Billion | ▲ +102.0% |
| 2016 | 1.44x | $17.08 Billion | $11.87 Billion | ▲ +10.0% |
| 2015 | 1.31x | $17.25 Billion | $13.19 Billion | ▼ -6.8% |
| 2014 | 1.40x | $16.87 Billion | $12.02 Billion | ▲ +32.3% |
| 2013 | 1.06x | $17.48 Billion | $16.48 Billion | ▼ -10.1% |
| 2012 | 1.18x | $19.59 Billion | $16.60 Billion | ▼ -5.8% |
| 2011 | 1.25x | $19.85 Billion | $15.86 Billion | ▼ -5.0% |
| 2010 | 1.32x | $19.55 Billion | $14.83 Billion | ▼ -14.8% |
| 2009 | 1.55x | $20.77 Billion | $13.43 Billion | ▲ +1.5% |
| 2008 | 1.53x | $18.81 Billion | $12.33 Billion | ▼ -1.2% |
| 2007 | 1.54x | $16.09 Billion | $10.42 Billion | ▼ -2.4% |
| 2006 | 1.58x | $15.02 Billion | $9.49 Billion | ▼ -15.8% |
| 2005 | 1.88x | $14.91 Billion | $7.93 Billion | ▲ +2.9% |
| 2004 | 1.83x | $15.41 Billion | $8.43 Billion | ▼ -3.8% |
| 2003 | 1.90x | $14.41 Billion | $7.58 Billion | ▼ -26.5% |
| 2002 | 2.58x | $13.79 Billion | $5.33 Billion | ▲ +50.2% |
| 2001 | 1.72x | $14.02 Billion | $8.15 Billion | ▲ +50.2% |
| 2000 | 1.15x | $9.27 Billion | $8.09 Billion | ▼ -12.6% |
| 1999 | 1.31x | $10.11 Billion | $7.71 Billion | ▼ -10.5% |
| 1998 | 1.47x | $9.27 Billion | $6.33 Billion | ▲ +0.7% |
| 1997 | 1.45x | $8.87 Billion | $6.09 Billion | ▼ -23.1% |
| 1996 | 1.89x | $10.28 Billion | $5.43 Billion | ▼ -26.2% |
| 1995 | 2.56x | $10.71 Billion | $4.18 Billion | ▼ -34.3% |
| 1994 | 3.90x | $11.79 Billion | $3.02 Billion | ▲ +214.5% |
| 1990 | 1.24x | $7.47 Billion | $6.02 Billion | ▼ -36.7% |
| 1989 | 1.96x | $7.37 Billion | $3.76 Billion | — |