International Business Machines (IBM) Margins & Profitability 2019-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 57.7%
EBITDA Margin: 13.9%
Op. Margin: 13.9%
Net Margin: 12.6%

Op. margin of 13.9% is down 1.2% YoY — costs are rising relative to revenue. Net margin at 12.6% and gross margin of 57.7% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit