International Business Machines Corporation IBM NYSE

International Business Machines Corporation (IBM) generated $4.04B in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $908M, free cash flow was $3.13B.

Free cash flow margin was 15.9% of revenue. Cash conversion ratio was 0.72x, suggesting some earnings are non-cash.

The company returned $1.57B in dividends to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (17/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (94/100, Pass) — $3.13B (15.9% margin) supports a durable competitive advantage
• INCOME (70/100) — Cash conversion ratio was 0.72x suggests some earnings are non-cash items

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