International Business Machines (IBM) — Cash Flow Reinvestment Rate
International Business Machines (IBM) has a Cash Flow Reinvestment Rate of 0.15x as of March 2026, reinvesting $750.00 Million (capex $391.00 Million plus investments $359.00 Million) from operating cash flow of $5.17 Billion. Explore IBM capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
International Business Machines Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for International Business Machines across 37 annual periods. Also explore IBM total assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for International Business Machines (1989–2025)
Year-by-year capital reinvestment analysis for International Business Machines. For live market cap and broader valuation context, see how much is International Business Machines worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.15x | $2.01 Billion | $13.19 Billion | $1.62 Billion | ▼ -69.1% |
| 2024 | 0.49x | $6.62 Billion | $13.45 Billion | $1.69 Billion | ▼ -49.7% |
| 2023 | 0.98x | $13.14 Billion | $13.43 Billion | $1.92 Billion | ▲ +68.4% |
| 2022 | 0.58x | $6.06 Billion | $10.44 Billion | $1.86 Billion | ▲ +166.0% |
| 2021 | 0.22x | $2.79 Billion | $12.80 Billion | $2.38 Billion | ▲ +24.4% |
| 2020 | 0.18x | $3.19 Billion | $18.20 Billion | $3.04 Billion | ▼ -73.8% |
| 2019 | 0.67x | $9.89 Billion | $14.77 Billion | $2.91 Billion | ▲ +103.4% |
| 2018 | 0.33x | $5.02 Billion | $15.25 Billion | $3.96 Billion | ▼ -19.7% |
| 2017 | 0.41x | $6.86 Billion | $16.72 Billion | $3.77 Billion | ▲ +33.0% |
| 2016 | 0.31x | $5.27 Billion | $17.08 Billion | $4.15 Billion | ▲ +11.3% |
| 2015 | 0.28x | $4.78 Billion | $17.25 Billion | $4.15 Billion | ▼ -8.5% |
| 2014 | 0.30x | $5.11 Billion | $16.87 Billion | $4.18 Billion | ▲ +7.2% |
| 2013 | 0.28x | $4.94 Billion | $17.48 Billion | $4.14 Billion | ▼ -12.1% |
| 2012 | 0.32x | $6.29 Billion | $19.59 Billion | $4.72 Billion | ▲ +4.1% |
| 2011 | 0.31x | $6.13 Billion | $19.85 Billion | $4.67 Billion | ▼ -1.0% |
| 2010 | 0.31x | $6.10 Billion | $19.55 Billion | $4.75 Billion | ▲ +3.4% |
| 2009 | 0.30x | $6.27 Billion | $20.77 Billion | $4.08 Billion | ▲ +16.1% |
| 2008 | 0.26x | $4.89 Billion | $18.81 Billion | $4.89 Billion | ▼ -24.1% |
| 2007 | 0.34x | $5.50 Billion | $16.09 Billion | $5.50 Billion | ▼ -0.5% |
| 2006 | 0.34x | $5.17 Billion | $15.02 Billion | $5.17 Billion | ▲ +10.7% |
| 2005 | 0.31x | $4.63 Billion | $14.91 Billion | $4.63 Billion | ▼ -5.3% |
| 2004 | 0.33x | $5.06 Billion | $15.41 Billion | $5.06 Billion | ▲ +7.6% |
| 2003 | 0.30x | $4.39 Billion | $14.41 Billion | $4.39 Billion | ▼ -21.4% |
| 2002 | 0.39x | $5.35 Billion | $13.79 Billion | $5.35 Billion | ▲ +0.7% |
| 2001 | 0.39x | $5.40 Billion | $14.02 Billion | $5.40 Billion | ▼ -42.2% |
| 2000 | 0.67x | $6.18 Billion | $9.27 Billion | $6.18 Billion | ▲ +4.9% |
| 1999 | 0.64x | $6.42 Billion | $10.11 Billion | $6.42 Billion | ▼ -13.0% |
| 1998 | 0.73x | $6.77 Billion | $9.27 Billion | $6.77 Billion | ▼ -8.9% |
| 1997 | 0.80x | $7.11 Billion | $8.87 Billion | $7.11 Billion | ▲ +33.3% |
| 1996 | 0.60x | $6.18 Billion | $10.28 Billion | $6.18 Billion | ▲ +15.7% |
| 1995 | 0.52x | $5.57 Billion | $10.71 Billion | $5.57 Billion | ▲ +38.1% |
| 1994 | 0.38x | $4.44 Billion | $11.79 Billion | $4.44 Billion | ▼ -0.6% |
| 1993 | 0.38x | $3.15 Billion | $8.33 Billion | $3.15 Billion | ▼ -63.5% |
| 1992 | 1.04x | $6.50 Billion | $6.27 Billion | $6.50 Billion | ▲ +7.3% |
| 1991 | 0.97x | $6.50 Billion | $6.72 Billion | $6.50 Billion | ▲ +10.9% |
| 1990 | 0.87x | $6.51 Billion | $7.47 Billion | $6.51 Billion | ▲ +0.1% |
| 1989 | 0.87x | $6.41 Billion | $7.37 Billion | $6.41 Billion | — |