International Business Machines Corporation IBM NYSE

International Business Machines Corporation (IBM) generated $13.19B in operating cash flow for fiscal year 2025. After capital expenditures of $1.62B, free cash flow was $11.58B.

Free cash flow margin was 17.1% of revenue. Cash conversion ratio was 1.25x, indicating earnings are backed by cash.

The company returned $6.26B in dividends to shareholders during the period.

Criteria supported by this page:

• HEALTH (17/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (94/100, Pass) — $11.58B (17.1% FCF margin) supports a durable competitive advantage
• INCOME (70/100) — Cash conversion ratio was 1.25x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 68/100 with 5/7 criteria passed.