IBM vs SMCI
International Business Machines Corp. and Super Micro Computer, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | IBM | SMCI |
|---|---|---|
| Revenue | $67.5B | $39.1B |
| Net income | $10.6B | $2.2B |
| Gross margin | 58.2% | 10.8% |
| Net margin | 15.7% | 5.7% |
| Return on equity | 35.3% | 21.5% |
| Diluted EPS | $11.17 | $3.26 |
| Dividend / share | $6.71 | — |
| Payout ratio | 59.0% | — |
| Free cash flow | $12.1B | $-7.0B |
| Equity | $32.6B | $14.5B |
| Net debt / equity | 1.46× | — |
| Current ratio | 0.96× | 3.87× |
| Revenue CAGR 5y | 4.1% | 61.5% |
| Profit CAGR 5y | 13.6% | 81.9% |
IBM bills 1.7× the revenue of SMCI, and keeps more of each dollar of revenue as profit (15.7% against 5.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
10 years side by side
| Fiscal year | IBM | SMCI |
|---|---|---|
| FY2025 | $67.5B | $39.1B |
| FY2024 | $62.8B | $22.0B |
| FY2023 | $61.9B | $15.0B |
| FY2022 | $60.5B | $7.1B |
| FY2021 | $57.4B | $5.2B |
| FY2020 | $55.2B | $3.6B |
| FY2019 | $57.7B | $3.3B |
| FY2018 | $79.6B | $3.5B |
| FY2017 | $79.1B | $3.4B |
| FY2016 | $79.9B | $2.5B |
Net income by year
Bottom line
| Fiscal year | IBM | SMCI |
|---|---|---|
| FY2025 | $10.6B | $2.2B |
| FY2024 | $6.0B | $1.0B |
| FY2023 | $7.5B | $1.2B |
| FY2022 | $1.6B | $640.0M |
| FY2021 | $5.7B | $285.2M |
| FY2020 | $5.6B | $111.9M |
| FY2019 | $9.4B | $84.3M |
| FY2018 | $8.7B | $71.9M |
| FY2017 | $5.8B | $46.2M |
| FY2016 | $11.9B | $66.9M |
More in this industry
Other pairs
The companies