International Business Machines (IBM) — Financial Flexibility Index
International Business Machines (IBM) has a Financial Flexibility Index of 0.05x as of March 2026. Free cash flow of $5.56 Billion (operating CF $5.17 Billion minus capex $391.00 Million) represents 0% of total liabilities ($123.17 Billion). Also explore net asset growth rate of International Business Machines to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
International Business Machines Financial Flexibility Index (1989–2025)
Historical Financial Flexibility Index trend for International Business Machines across 37 annual periods. Check International Business Machines PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for International Business Machines (1989–2025)
Year-by-year free cash flow to debt coverage for International Business Machines. For the full company profile including market capitalisation, see International Business Machines stock valuation.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.12x | $14.81 Billion | $13.19 Billion | $119.14 Billion | ▼ -9.8% |
| 2024 | 0.14x | $15.13 Billion | $13.45 Billion | $109.78 Billion | ▲ +1.1% |
| 2023 | 0.14x | $15.35 Billion | $13.43 Billion | $112.63 Billion | ▲ +16.6% |
| 2022 | 0.12x | $12.29 Billion | $10.44 Billion | $105.22 Billion | ▼ -13.0% |
| 2021 | 0.13x | $15.18 Billion | $12.80 Billion | $113.00 Billion | ▼ -14.5% |
| 2020 | 0.16x | $21.24 Billion | $18.20 Billion | $135.25 Billion | ▲ +16.6% |
| 2019 | 0.13x | $17.68 Billion | $14.77 Billion | $131.20 Billion | ▼ -25.3% |
| 2018 | 0.18x | $19.21 Billion | $15.25 Billion | $106.45 Billion | ▼ -5.2% |
| 2017 | 0.19x | $20.50 Billion | $16.72 Billion | $107.63 Billion | ▼ -11.1% |
| 2016 | 0.21x | $21.23 Billion | $17.08 Billion | $99.08 Billion | ▼ -3.8% |
| 2015 | 0.22x | $21.41 Billion | $17.25 Billion | $96.07 Billion | ▲ +11.7% |
| 2014 | 0.20x | $21.05 Billion | $16.87 Billion | $105.52 Billion | ▼ -4.7% |
| 2013 | 0.21x | $21.62 Billion | $17.48 Billion | $103.29 Billion | ▼ -13.7% |
| 2012 | 0.24x | $24.30 Billion | $19.59 Billion | $100.23 Billion | ▼ -4.8% |
| 2011 | 0.25x | $24.51 Billion | $19.85 Billion | $96.20 Billion | ▼ -5.3% |
| 2010 | 0.27x | $24.30 Billion | $19.55 Billion | $90.28 Billion | ▼ -6.5% |
| 2009 | 0.29x | $24.85 Billion | $20.77 Billion | $86.27 Billion | ▲ +16.8% |
| 2008 | 0.25x | $23.70 Billion | $18.81 Billion | $96.06 Billion | ▲ +5.1% |
| 2007 | 0.23x | $21.59 Billion | $16.09 Billion | $91.96 Billion | ▼ -13.1% |
| 2006 | 0.27x | $20.18 Billion | $15.02 Billion | $74.73 Billion | ▲ +0.4% |
| 2005 | 0.27x | $19.55 Billion | $14.91 Billion | $72.65 Billion | ▲ +4.5% |
| 2004 | 0.26x | $20.46 Billion | $15.41 Billion | $79.44 Billion | ▲ +4.9% |
| 2003 | 0.25x | $18.80 Billion | $14.41 Billion | $76.59 Billion | ▼ -5.5% |
| 2002 | 0.26x | $19.14 Billion | $13.79 Billion | $73.70 Billion | ▼ -13.5% |
| 2001 | 0.30x | $19.42 Billion | $14.02 Billion | $64.70 Billion | ▲ +31.5% |
| 2000 | 0.23x | $15.46 Billion | $9.27 Billion | $67.72 Billion | ▼ -7.5% |
| 1999 | 0.25x | $16.53 Billion | $10.11 Billion | $66.98 Billion | ▲ +2.6% |
| 1998 | 0.24x | $16.04 Billion | $9.27 Billion | $66.67 Billion | ▼ -7.1% |
| 1997 | 0.26x | $15.97 Billion | $8.87 Billion | $61.68 Billion | ▼ -6.4% |
| 1996 | 0.28x | $16.45 Billion | $10.28 Billion | $59.50 Billion | ▼ -1.7% |
| 1995 | 0.28x | $16.27 Billion | $10.71 Billion | $57.87 Billion | ▼ -0.1% |
| 1994 | 0.28x | $16.23 Billion | $11.79 Billion | $57.68 Billion | ▲ +50.4% |
| 1993 | 0.19x | $11.48 Billion | $8.33 Billion | $61.38 Billion | ▼ -13.5% |
| 1992 | 0.22x | $12.78 Billion | $6.27 Billion | $59.08 Billion | ▼ -9.3% |
| 1991 | 0.24x | $13.22 Billion | $6.72 Billion | $55.47 Billion | ▼ -23.7% |
| 1990 | 0.31x | $13.98 Billion | $7.47 Billion | $44.74 Billion | ▼ -11.1% |
| 1989 | 0.35x | $13.79 Billion | $7.37 Billion | $39.23 Billion | — |