International Business Machines Cash Flow Reinvestment Rate
International Business Machines cash flow reinvestment rate. International Business Machines (IBM) has a Cash Flow Reinvestment Rate of 0.13x as of June 2026, reinvesting $336.00 Million (capex $229.00 Million plus investments $-107.00 Million) from operating cash flow of $2.60 Billion. Explore IBM operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Cash Flow Reinvestment Rate of International Business Machines (1989–2025)
Cash flow reinvestment rate of International Business Machines from 1989 to 2025. Historical reinvestment intensity for International Business Machines across 37 annual periods. Explore International Business Machines capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
International Business Machines Cash Flow Reinvestment Rate by Year (1989–2025)
International Business Machines cash flow reinvestment rate by year from 1989 to 2025. Year-by-year capital reinvestment analysis for International Business Machines. For the full cash flow conversion analysis, see cash flow conversion of International Business Machines.
| 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 | — |