International Business Machines Cash Flow Quality Index
International Business Machines 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. See International Business Machines free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of International Business Machines (1989–2025)
Cash flow quality index of International Business Machines from 1989 to 2025. Historical Cash Flow Quality Index for International Business Machines across 34 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore debt repayment capacity of International Business Machines to assess how comfortably operating cash covers total debt obligations.
International Business Machines Cash Flow Quality Index by Year (1989–2025)
International Business Machines cash flow quality index by year from 1989 to 2025. Year-by-year earnings quality comparison for International Business Machines. For the full cash flow conversion analysis, see how efficiently does International Business Machines generate cash.
| 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 | — |