Return on Equity (ROE)
since 2005
Calculation
International Business Machines Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income attributable to IBM1 | ÷ | Total IBM stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 33.29% | = | 100 | × | 7,502) | ÷ | 22,533) |
| Dec 31, 2022 | 7.47% | = | 100 | × | 1,639) | ÷ | 21,944) |
| Dec 31, 2021 | 30.38% | = | 100 | × | 5,743) | ÷ | 18,901) |
| Dec 31, 2020 | 27.14% | = | 100 | × | 5,590) | ÷ | 20,597) |
| Dec 31, 2019 | 45.25% | = | 100 | × | 9,431) | ÷ | 20,841) |
| Dec 31, 2018 | 51.96% | = | 100 | × | 8,728) | ÷ | 16,796) |
| Dec 31, 2017 | 32.70% | = | 100 | × | 5,753) | ÷ | 17,594) |
| Dec 31, 2016 | 65.07% | = | 100 | × | 11,872) | ÷ | 18,246) |
| Dec 31, 2015 | 92.48% | = | 100 | × | 13,190) | ÷ | 14,262) |
| Dec 31, 2014 | 101.30% | = | 100 | × | 12,022) | ÷ | 11,868) |
| Dec 31, 2013 | 72.32% | = | 100 | × | 16,483) | ÷ | 22,792) |
| Dec 31, 2012 | 88.04% | = | 100 | × | 16,604) | ÷ | 18,860) |
| Dec 31, 2011 | 78.73% | = | 100 | × | 15,855) | ÷ | 20,138) |
| Dec 31, 2010 | 64.36% | = | 100 | × | 14,833) | ÷ | 23,046) |
| Dec 31, 2009 | 59.31% | = | 100 | × | 13,425) | ÷ | 22,637) |
| Dec 31, 2008 | 91.60% | = | 100 | × | 12,334) | ÷ | 13,465) |
| Dec 31, 2007 | 36.59% | = | 100 | × | 10,418) | ÷ | 28,470) |
| Dec 31, 2006 | 33.30% | = | 100 | × | 9,492) | ÷ | 28,506) |
| Dec 31, 2005 | 23.97% | = | 100 | × | 7,934) | ÷ | 33,098) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
International Business Machines Corp., ROE, long-term trends, comparison to competitors
| International Business Machines Corp. | Accenture PLC | Adobe Inc. | Autodesk Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 33.29% | 26.75% | 32.86% | 71.88% | 30.58% | -12.52% | 13.81% | 35.09% | 792.45% | 25.15% | 0.36% | 22.69% | 20.01% |
| Dec 31, 2022 | 7.47% | 31.11% | 33.85% | 58.53% | 30.93% | -22.89% | 12.57% | 43.68% | — | -127.14% | 2.48% | 6.46% | 17.85% |
| Dec 31, 2021 | 30.38% | 30.25% | 32.59% | 125.14% | 25.39% | -10.64% | 20.89% | 43.15% | 262.43% | -78.63% | 9.81% | 6.22% | 14.31% |
| Dec 31, 2020 | 27.14% | 30.05% | 39.66% | — | 23.69% | -19.10% | 35.76% | 37.43% | 83.94% | -24.23% | 0.37% | 4.18% | 13.54% |
| Dec 31, 2019 | 45.25% | 33.17% | 28.03% | — | 47.03% | — | 41.53% | 38.35% | 50.87% | -5.16% | 7.11% | 29.45% | 13.04% |
| Dec 31, 2018 | 51.96% | 39.17% | 27.67% | — | 26.84% | — | 51.44% | 20.03% | 8.37% | -15.30% | 1.36% | -2.40% | 12.43% |
| Dec 31, 2017 | 32.70% | 38.50% | 20.02% | -79.35% | 20.63% | — | 71.71% | 29.29% | 17.33% | -28.52% | 2.40% | -25.53% | 4.17% |
| Dec 31, 2016 | 65.07% | 54.42% | 15.74% | -20.41% | 27.38% | — | 84.32% | 23.33% | 18.82% | -28.60% | -0.95% | -116.76% | 8.35% |
| Dec 31, 2015 | 92.48% | 49.78% | 8.99% | 3.69% | 18.34% | — | 15.65% | 15.23% | 20.42% | -33.81% | -6.61% | -35.01% | 7.21% |
| Dec 31, 2014 | 101.30% | 51.32% | 3.96% | 10.12% | 11.92% | — | 29.47% | 24.59% | 23.37% | -48.33% | -7.64% | -41.85% | 8.48% |
| Dec 31, 2013 | 72.32% | 66.16% | 4.31% | 12.11% | 14.21% | — | 24.30% | 27.69% | 24.47% | -10.74% | -11.67% | -18.70% | 8.89% |
| Dec 31, 2012 | 88.04% | 61.59% | 12.49% | 15.15% | 48.07% | — | 28.86% | 25.58% | 22.85% | 0.32% | -0.73% | -15.34% | 7.29% |
| Dec 31, 2011 | 78.73% | 58.72% | 14.40% | 13.17% | 17.57% | — | 24.24% | 40.55% | 21.49% | — | 5.05% | — | 10.53% |
| Dec 31, 2010 | 64.36% | 62.79% | 14.92% | 3.94% | 45.74% | — | 20.35% | 40.63% | 19.92% | — | 7.73% | — | 11.29% |
| Dec 31, 2009 | 59.31% | 55.08% | 7.90% | 14.01% | -138.29% | — | 17.49% | 36.83% | 22.29% | — | 6.46% | — | 9.09% |
| Dec 31, 2008 | 91.60% | 66.59% | 19.77% | 28.95% | -1,818.25% | — | 23.00% | 48.73% | 23.98% | — | 4.06% | — | 12.43% |
| Dec 31, 2007 | 36.59% | 60.25% | 15.57% | 25.98% | 14.24% | — | 21.62% | 45.23% | 25.26% | — | 0.17% | — | 9.08% |
| Dec 31, 2006 | 33.30% | 51.38% | 9.82% | 41.56% | 8.39% | — | 23.99% | 31.42% | 22.52% | — | 14.50% | — | 2.13% |
| Dec 31, 2005 | 23.97% | 55.42% | 32.34% | 34.18% | 2.67% | — | 22.51% | 25.47% | 26.63% | — | 5.06% | — | -1.27% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Software & Services)
International Business Machines Corp., ROE, long-term trends, comparison to sector (software & services)
| International Business Machines Corp. | Software & Services | |
|---|---|---|
| Dec 31, 2023 | 33.29% | 29.34% |
| Dec 31, 2022 | 7.47% | 31.91% |
| Dec 31, 2021 | 30.38% | 37.56% |
| Dec 31, 2020 | 27.14% | 31.66% |
| Dec 31, 2019 | 45.25% | 36.26% |
| Dec 31, 2018 | 51.96% | 20.27% |
| Dec 31, 2017 | 32.70% | 23.79% |
| Dec 31, 2016 | 65.07% | 26.14% |
| Dec 31, 2015 | 92.48% | 23.09% |
| Dec 31, 2014 | 101.30% | 28.15% |
| Dec 31, 2013 | 72.32% | 31.65% |
| Dec 31, 2012 | 88.04% | 32.44% |
| Dec 31, 2011 | 78.73% | 38.51% |
| Dec 31, 2010 | 64.36% | 37.46% |
| Dec 31, 2009 | 59.31% | 35.70% |
| Dec 31, 2008 | 91.60% | 43.81% |
| Dec 31, 2007 | 36.59% | 35.37% |
| Dec 31, 2006 | 33.30% | 28.98% |
| Dec 31, 2005 | 23.97% | 24.97% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
International Business Machines Corp., ROE, long-term trends, comparison to industry (information technology)
| International Business Machines Corp. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 33.29% | 31.78% |
| Dec 31, 2022 | 7.47% | 38.36% |
| Dec 31, 2021 | 30.38% | 42.36% |
| Dec 31, 2020 | 27.14% | 35.12% |
| Dec 31, 2019 | 45.25% | 36.53% |
| Dec 31, 2018 | 51.96% | 30.16% |
| Dec 31, 2017 | 32.70% | 23.15% |
| Dec 31, 2016 | 65.07% | 23.03% |
| Dec 31, 2015 | 92.48% | 26.00% |
| Dec 31, 2014 | 101.30% | 25.45% |
| Dec 31, 2013 | 72.32% | 24.74% |
| Dec 31, 2012 | 88.04% | 25.97% |
| Dec 31, 2011 | 78.73% | 28.86% |
| Dec 31, 2010 | 64.36% | 27.69% |
| Dec 31, 2009 | 59.31% | 20.29% |
| Dec 31, 2008 | 91.60% | 25.67% |
| Dec 31, 2007 | 36.59% | 23.97% |
| Dec 31, 2006 | 33.30% | 22.76% |
| Dec 31, 2005 | 23.97% | 22.15% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).