IBM FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
IBM's fcf yield is lower than 83% of the last 10 years.
FCF Yield History
IBM FCF Yield by year
Yearly range of IBM’s fcf yield from 2016 to 2026. Over the full period it ranged from 4.1% to 14.7%, averaging 8.6%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 4.1% | 5.4% | 7.0% | 6.1% |
| 2025 | 4.2% | 4.9% | 5.7% | 4.4% |
| 2024 | 5.4% | 6.8% | 8.2% | 5.7% |
| 2023 | 6.3% | 7.7% | 9.1% | 7.6% |
| 2022 | 5.1% | 6.8% | 9.1% | 5.5% |
| 2021 | 8.3% | 12.5% | 14.7% | 8.3% |
| 2020 | 8.9% | 11.4% | 14.7% | 13.8% |
| 2019 | 9.2% | 10.3% | 11.6% | 10.4% |
| 2018 | 8.6% | 10.2% | 13.5% | 11.5% |
| 2017 | 7.1% | 8.1% | 9.1% | 7.9% |
| 2016 | 9.3% | 9.8% | 10.4% | 9.4% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is IBM FCF Yield High or Low Right Now?
International Business Machines Corporation's FCF Yield is currently 6.1%, which is historically low relative to its 10-year historical range. The 10-year median FCF Yield for IBM is approximately 8.4%. See all IBM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.