IBM (IBM) FCF conversion US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? CAGR 5 years ?
FCF conversion, % 80.8% 118.0% 82.5% 96.6% 70.0%   80.2%  
Changes by years, y/y, % -61pp +37pp -35pp +14pp -27pp     -13.2%

IBM. FCF conversion, %

IBM. FCF conversion, changes, pp

IBM (IBM) FCF conversion US GAAP (quarter values)

FY2025Q3 FY2025Q4 FY2026Q1 FY2026Q2 FY2026Q2   LTM ?
FCF conversion, % 67.2% 61.8% 152.5% 153.8% 79.9%   80.2%
Changes by years, y/y, % -207pp -18pp +10pp +120pp +46pp    
Changes by quarters, q/q, % +33pp -5pp +91pp +1pp -74pp    

IBM. FCF conversion, %

IBM. FCF conversion, changes, pp

IBM. FCF conversion, changes, pp