International Business Machines (IBM) — Financial Flexibility Index
International Business Machines (IBM) has a Financial Flexibility Index of 0.02x as of June 2026. Free cash flow of $2.83 Billion (operating CF $2.60 Billion minus capex $229.00 Million) represents 0% of total liabilities ($117.56 Billion). Check IBM total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see IBM operating cash flow.
Annual Financial Flexibility Index for International Business Machines (1989–2025)
Year-by-year free cash flow to debt coverage for International Business Machines. Explore IBM debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
| 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 | — |