International Business Machines
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allow clients to realize their digital and AI transformations … Read more
International Business Machines (IBM) - Net Assets
Latest net assets as of December 2025: $32.74 Billion USD
Based on the latest financial reports, International Business Machines (IBM) has net assets worth $32.74 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($151.88 Billion) and total liabilities ($119.14 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $32.74 Billion |
| % of Total Assets | 21.56% |
| Annual Growth Rate | 0.06% |
| 5-Year Change | 72.35% |
| 10-Year Change | 78.01% |
| Growth Volatility | 20.42 |
International Business Machines - Net Assets Trend (1985–2025)
This chart illustrates how International Business Machines's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for International Business Machines (1985–2025)
The table below shows the annual net assets of International Business Machines from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $32.74 Billion | +19.52% |
| 2024-12-31 | $27.39 Billion | +21.14% |
| 2023-12-31 | $22.61 Billion | +2.69% |
| 2022-12-31 | $22.02 Billion | +15.92% |
| 2021-12-31 | $19.00 Billion | -8.34% |
| 2020-12-31 | $20.73 Billion | -1.24% |
| 2019-12-31 | $20.98 Billion | +23.95% |
| 2018-12-31 | $16.93 Billion | -4.48% |
| 2017-12-31 | $17.72 Billion | -3.63% |
| 2016-12-31 | $18.39 Billion | +27.51% |
| 2015-12-31 | $14.42 Billion | +20.06% |
| 2014-12-31 | $12.01 Billion | -47.60% |
| 2013-12-31 | $22.93 Billion | +20.78% |
| 2012-12-31 | $18.98 Billion | -6.18% |
| 2011-12-31 | $20.23 Billion | -12.67% |
| 2010-12-31 | $23.17 Billion | +1.83% |
| 2009-12-31 | $22.75 Billion | +68.99% |
| 2008-12-31 | $13.46 Billion | -52.70% |
| 2007-12-31 | $28.47 Billion | -0.13% |
| 2006-12-31 | $28.51 Billion | -13.87% |
| 2005-12-31 | $33.10 Billion | +11.27% |
| 2004-12-31 | $29.75 Billion | +6.76% |
| 2003-12-31 | $27.86 Billion | +22.31% |
| 2002-12-31 | $22.78 Billion | -3.52% |
| 2001-12-31 | $23.61 Billion | +14.50% |
| 2000-12-31 | $20.62 Billion | +0.55% |
| 1999-12-31 | $20.51 Billion | +5.55% |
| 1998-12-31 | $19.43 Billion | -1.93% |
| 1997-12-31 | $19.82 Billion | -8.38% |
| 1996-12-31 | $21.63 Billion | -3.55% |
| 1995-12-31 | $22.42 Billion | -4.23% |
| 1994-12-31 | $23.41 Billion | +18.62% |
| 1993-12-31 | $19.74 Billion | -28.55% |
| 1992-12-31 | $27.62 Billion | -25.35% |
| 1991-12-31 | $37.01 Billion | -13.60% |
| 1990-12-31 | $42.83 Billion | +11.23% |
| 1989-12-31 | $38.51 Billion | -2.53% |
| 1988-12-31 | $39.51 Billion | +3.26% |
| 1987-12-31 | $38.26 Billion | +11.31% |
| 1986-12-31 | $34.37 Billion | +7.45% |
| 1985-12-31 | $31.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to International Business Machines's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 471.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $155.65 Billion | 476.75% |
| Common Stock | $63.32 Billion | 193.94% |
| Other Comprehensive Income | $-15.71 Billion | -48.13% |
| Total Equity | $32.65 Billion | 100.00% |
International Business Machines Competitors by Market Cap
The table below lists competitors of International Business Machines ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wells Fargo & Company
NYSE:WFC
|
$233.66 Billion |
|
Goldman Sachs Group Inc
NYSE:GS
|
$236.20 Billion |
|
SAP SE
PINK:SAPGF
|
$238.59 Billion |
|
The Goldman Sachs Group, Inc.
LSE:0R3G
|
$241.92 Billion |
|
McDonald’s Corporation
NYSE:MCD
|
$231.14 Billion |
|
Royal Bank of Canada
NYSE:RY
|
$229.26 Billion |
|
Intel Corporation
NASDAQ:INTC
|
$228.18 Billion |
|
Samsung Electronics Co Ltd
PINK:SSNLF
|
$226.94 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in International Business Machines's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,307,000,000 to 32,648,000,000, a change of 5,341,000,000 (19.6%).
- Net income of 10,593,000,000 contributed positively to equity growth.
- Dividend payments of 6,255,000,000 reduced retained earnings.
- Share repurchases of 1,018,000,000 reduced equity.
- New share issuances of 710,000,000 increased equity.
- Other comprehensive income decreased equity by 444,000,000.
- Other factors increased equity by 1,755,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.59 Billion | +32.45% |
| Dividends Paid | $6.25 Billion | -19.16% |
| Share Repurchases | $1.02 Billion | -3.12% |
| Share Issuances | $710.00 Million | +2.17% |
| Other Comprehensive Income | $-444.00 Million | -1.36% |
| Other Changes | $1.75 Billion | +5.38% |
| Total Change | $- | 19.56% |
Book Value vs Market Value Analysis
This analysis compares International Business Machines's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 19.13x to 7.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $13.03 | $249.25 | x |
| 1986-12-31 | $14.07 | $249.25 | x |
| 1987-12-31 | $15.86 | $249.25 | x |
| 1988-12-31 | $16.69 | $249.25 | x |
| 1989-12-31 | $16.60 | $249.25 | x |
| 1990-12-31 | $18.71 | $249.25 | x |
| 1991-12-31 | $16.40 | $249.25 | x |
| 1992-12-31 | $12.07 | $249.25 | x |
| 1993-12-31 | $8.62 | $249.25 | x |
| 1994-12-31 | $10.01 | $249.25 | x |
| 1995-12-31 | $9.85 | $249.25 | x |
| 1996-12-31 | $10.14 | $249.25 | x |
| 1997-12-31 | $9.80 | $249.25 | x |
| 1998-12-31 | $10.12 | $249.25 | x |
| 1999-12-31 | $10.96 | $249.25 | x |
| 2000-12-31 | $11.38 | $249.25 | x |
| 2001-12-31 | $13.32 | $249.25 | x |
| 2002-12-31 | $13.16 | $249.25 | x |
| 2003-12-31 | $15.87 | $249.25 | x |
| 2004-12-31 | $17.41 | $249.25 | x |
| 2005-12-31 | $20.34 | $249.25 | x |
| 2006-12-31 | $18.35 | $249.25 | x |
| 2007-12-31 | $19.63 | $249.25 | x |
| 2008-12-31 | $9.74 | $249.25 | x |
| 2009-12-31 | $16.88 | $249.25 | x |
| 2010-12-31 | $17.90 | $249.25 | x |
| 2011-12-31 | $16.59 | $249.25 | x |
| 2012-12-31 | $16.32 | $249.25 | x |
| 2013-12-31 | $20.66 | $249.25 | x |
| 2014-12-31 | $11.75 | $249.25 | x |
| 2015-12-31 | $14.51 | $249.25 | x |
| 2016-12-31 | $19.03 | $249.25 | x |
| 2017-12-31 | $18.77 | $249.25 | x |
| 2018-12-31 | $18.33 | $249.25 | x |
| 2019-12-31 | $23.34 | $249.25 | x |
| 2020-12-31 | $22.97 | $249.25 | x |
| 2021-12-31 | $20.89 | $249.25 | x |
| 2022-12-31 | $24.05 | $249.25 | x |
| 2023-12-31 | $24.44 | $249.25 | x |
| 2024-12-31 | $29.14 | $249.25 | x |
| 2025-12-31 | $34.41 | $249.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently International Business Machines utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 32.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.69%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 4.65x
- Recent ROE (32.45%) is below the historical average (34.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 20.49% | 13.10% | 0.95x | 1.65x | $3.36 Billion |
| 1986 | 13.93% | 9.34% | 0.89x | 1.68x | $1.35 Billion |
| 1987 | 13.74% | 9.70% | 0.85x | 1.66x | $1.43 Billion |
| 1988 | 13.90% | 9.20% | 0.82x | 1.85x | $1.54 Billion |
| 1989 | 9.76% | 5.99% | 0.81x | 2.02x | $-92.90 Million |
| 1990 | 14.05% | 8.72% | 0.79x | 2.04x | $1.74 Billion |
| 1991 | -1.52% | -0.87% | 0.70x | 2.50x | $-4.26 Billion |
| 1992 | -24.85% | -10.64% | 0.74x | 3.14x | $-9.63 Billion |
| 1993 | -40.47% | -12.74% | 0.77x | 4.11x | $-9.96 Billion |
| 1994 | 12.90% | 4.82% | 0.77x | 3.46x | $679.70 Million |
| 1995 | 18.63% | 5.81% | 0.90x | 3.58x | $1.94 Billion |
| 1996 | 25.10% | 7.39% | 0.90x | 3.75x | $3.27 Billion |
| 1997 | 30.75% | 7.76% | 0.96x | 4.11x | $4.11 Billion |
| 1998 | 32.56% | 7.75% | 0.95x | 4.43x | $4.38 Billion |
| 1999 | 37.60% | 8.81% | 1.00x | 4.27x | $5.66 Billion |
| 2000 | 39.24% | 9.16% | 1.00x | 4.28x | $6.03 Billion |
| 2001 | 32.71% | 9.30% | 0.94x | 3.74x | $5.36 Billion |
| 2002 | 15.71% | 4.41% | 0.84x | 4.24x | $1.30 Billion |
| 2003 | 23.54% | 7.36% | 0.85x | 3.75x | $3.77 Billion |
| 2004 | 25.14% | 7.77% | 0.88x | 3.67x | $4.50 Billion |
| 2005 | 23.97% | 8.71% | 0.86x | 3.19x | $4.62 Billion |
| 2006 | 33.30% | 10.38% | 0.89x | 3.62x | $6.64 Billion |
| 2007 | 36.59% | 10.55% | 0.82x | 4.23x | $7.57 Billion |
| 2008 | 91.60% | 11.90% | 0.95x | 8.13x | $10.99 Billion |
| 2009 | 59.31% | 14.02% | 0.88x | 4.82x | $11.16 Billion |
| 2010 | 64.36% | 14.85% | 0.88x | 4.92x | $12.53 Billion |
| 2011 | 78.73% | 14.83% | 0.92x | 5.78x | $13.84 Billion |
| 2012 | 88.04% | 16.14% | 0.86x | 6.32x | $14.72 Billion |
| 2013 | 72.32% | 16.76% | 0.78x | 5.54x | $14.20 Billion |
| 2014 | 101.30% | 12.96% | 0.79x | 9.90x | $10.84 Billion |
| 2015 | 92.48% | 16.14% | 0.74x | 7.75x | $11.76 Billion |
| 2016 | 65.07% | 14.85% | 0.68x | 6.44x | $10.05 Billion |
| 2017 | 32.70% | 7.27% | 0.63x | 7.12x | $3.99 Billion |
| 2018 | 51.96% | 10.97% | 0.65x | 7.35x | $7.05 Billion |
| 2019 | 45.25% | 16.34% | 0.38x | 7.30x | $7.35 Billion |
| 2020 | 27.14% | 7.59% | 0.47x | 7.57x | $3.53 Billion |
| 2021 | 30.38% | 10.01% | 0.43x | 6.98x | $3.85 Billion |
| 2022 | 7.47% | 2.71% | 0.48x | 5.80x | $-554.40 Million |
| 2023 | 33.29% | 12.13% | 0.46x | 6.00x | $5.25 Billion |
| 2024 | 22.06% | 9.60% | 0.46x | 5.02x | $3.29 Billion |
| 2025 | 32.45% | 15.69% | 0.44x | 4.65x | $7.33 Billion |
Industry Comparison
This section compares International Business Machines's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $3,830,255,773
- Average return on equity (ROE) among peers: 14.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| International Business Machines (IBM) | $32.74 Billion | 20.49% | 3.64x | $232.33 Billion |
| Accenture plc (ACN) | $26.46 Billion | 25.97% | 0.94x | $121.95 Billion |
| adesso SE (ADSGF) | $92.48 Million | 18.84% | 2.47x | $184.00 Million |
| Atlantic Energy Solutions Inc (AESO) | $1.19 Million | 45.06% | 4.65x | $67.96 |
| Atos SE (AEXAF) | $5.23 Billion | 11.49% | 1.58x | $64.82K |
| AGILQ (AGILQ) | $94.65 Million | -21.20% | 1.34x | $5.00K |
| Alithya Group Inc (ALYAF) | $33.37 Million | -8.60% | 1.59x | $59.40 Million |
| Amadeus IT Group S.A (AMADF) | $5.06 Billion | 24.75% | 1.33x | $28.16 Billion |
| Amadeus IT Holding SA PK (AMADY) | $1.27 Billion | 57.67% | 2.98x | $24.80 Billion |
| Applied Digital Corporation (APLD) | $4.39 Million | -5.99% | 0.46x | $6.54 Billion |
| Amper S.A. (APMRF) | $63.30 Million | 0.22% | 5.45x | $216.95 Million |