International Business Machines Corporation IBM NYSE

International Business Machines Corporation (IBM) has shown moderate revenue growth over the past 3 years, expanding from $60.5B to $67.5B (average +3.8%/yr). Net income reached $10.6B, reflecting exceptional earnings expansion at +137.9%/yr on average. The net profit margin is 15.7%, which is high. The company has maintained profitability in all 4 of the past 4 years, demonstrating a consistent earnings track record. The gross margin is 59.5% (high), with a +5.5pp trend over the period. With a $225B market cap and MOAT composite score of 94/100, the company has a strong competitive position.

Criteria proven by this page:

• GROWTH (73/100, Partial) — growth is present but not consistently above 5% across both metrics
• PAST (100/100, Pass) — proving consistent earnings. Looking at the full 41-year history, the company was profitable in 38 of 41 years — an excellent long-term track record
• INCOME (70/100, Pass) — proves strong profitability and pricing power
• MOAT (94/100, Pass) — strong gross margins and market scale prove a durable competitive advantage

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