Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
—
Company details
Market cap
$272B
P/E ratio
26×
Div yield
2.3%
EPS (TTM)
$11.14
Profit margin
16%
Rev. growth
+8%
Revenue
$67.5B
Free cash flow
$14.7B
In plain English
IBM has reshaped itself into a hybrid-cloud and AI company built on three engines: Software (Red Hat, automation, data & AI, and the fat-margin mainframe transaction software), Consulting, and the Infrastructure that sells the IBM Z mainframes the world's banks still run on. FY2025 revenue was $67.5B, ~44% of it now recurring software, funding a dividend paid every year since 1916.
In simple terms
What International Business Machines really sells
IBM has reshaped itself into a hybrid-cloud and AI company built on three engines: Software (Red Hat, automation, data & AI, and the fat-margin mainframe transaction software), Consulting, and the Infrastructure that sells the IBM Z mainframes the world's banks still run on. FY2025 revenue was $67.5B, ~44% of it now recurring software, funding a dividend paid every year since 1916.
Tip · Click any company in the map to learn — in one sentence — what it actually does and why it matters.