CRWV vs. IBM: CoreWeave vs. IBM Stock Comparison

November 11, 2026

How do CoreWeave (CRWV) and IBM (IBM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CoreWeave (CRWV) and IBM (IBM) both belong to the IT Services industry, though CRWV is classified under Internet Services & Infrastructure while IBM falls under IT Consulting & Other Services.

IBM (IBM) carries decades of public-market history since January 2, 1962, while CoreWeave (CRWV) listed on March 28, 2025 — long-window comparisons have far more historical data on the IBM side.

Company profile comparison for CoreWeave (CRWV) and IBM (IBM)
Profile Item	CRWV	IBM
Name	CoreWeave Inc. Class A Common Stock	International Business Machines Corporation
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	IT Services	IT Services
GICS Sub-Industry	Internet Services & Infrastructure	IT Consulting & Other Services
Market Capitalization	25.59 billion USD	231.55 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	March 28, 2025	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CRWV

IBM

GSPC

CoreWeave (CRWV) vs. IBM (IBM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CoreWeave (CRWV) and IBM (IBM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CoreWeave (CRWV) and IBM (IBM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CoreWeave (CRWV) and IBM (IBM)
Metric	CRWV	IBM
Total Return (1Y)	-52.69%	-16.98%
Total Return (3Y, Annualized)	--	22.40%
Total Return (5Y, Annualized)	--	19.64%

Risk Profile

Drawdown History

CRWV

IBM

GSPC

CoreWeave (CRWV) vs. IBM (IBM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CoreWeave (CRWV) and IBM (IBM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

CoreWeave (CRWV) carries a highly aggressive beta of 7.43, indicating much higher sensitivity to broad-market moves, whereas IBM (IBM) is closer to market-like at 0.79 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for CoreWeave (CRWV) and IBM (IBM)
Metric	CRWV	IBM
Volatility (1Y, Annualized)	98.61%	48.48%
Beta (5Y)	7.43	0.79
Max Drawdown (5Y)	-76.22%	-37.50%
Avg. Volume (3M)	40.98M	5.30M

Risk-Adjusted Performance

Risk-Return Positioning

CRWV and IBM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CoreWeave (CRWV) and IBM (IBM)
Metric	CRWV	IBM
Sharpe Ratio (1Y)	-0.58	-0.44
Sortino Ratio (1Y)	-0.86	-0.56

Profitability

ROE (TTM)

CoreWeave (CRWV) reports a negative ROE of -43.60%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile IBM (IBM) reports 34.77%, ranking against industry peers normally.

CRWV

Software & Services industry group

-43.60%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
Q1: -9.59%
CRWV: -43.60%
Min: -50.52%

IBM

Software & Services industry group

34.77%

Max: 53.85%
IBM: 34.77%
Q3: 17.90%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

CoreWeave (CRWV) reports a negative net margin of -25.40%, usually indicating a net loss over the period. Meanwhile IBM (IBM) reports 15.99%, ranking against industry peers normally.

CRWV

Software & Services industry group

-25.40%

Max: 41.17%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
CRWV: -25.40%
Min: -33.17%

IBM

Software & Services industry group

15.99%

Max: 41.17%
IBM: 15.99%
Q3: 15.28%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

CoreWeave (CRWV) reports a negative operating margin of -1.90%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile IBM (IBM) reports 16.97%, ranking against industry peers normally.

CRWV

Software & Services industry group

-1.90%

Max: 46.89%
Q3: 17.64%
Median: 8.73%
CRWV: -1.90%
Q1: -2.13%
Min: -30.45%

IBM

Software & Services industry group

16.97%

Max: 46.89%
Q3: 17.64%
IBM: 16.97%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for CoreWeave (CRWV) and IBM (IBM)
Metric	CRWV	IBM
ROE (TTM)	-43.60%	34.77%
ROA (TTM)	-0.24%	5.33%
Net Margin (TTM)	-25.40%	15.99%
Operating Margin (TTM)	-1.90%	16.97%
Gross Margin (TTM)	67.42%	57.97%

Growth

Revenue Growth

CoreWeave (CRWV) at 167.94% clears its industry range for revenue growth, far stronger top-line momentum than IBM (IBM) at 7.62%, which is closer to a typical peer reading.

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: IBM (IBM) reports EPS growth of 73.72%, ranked against its industry; CoreWeave (CRWV) has no EPS growth figure this period.

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CoreWeave (CRWV) and IBM (IBM)
Metric	CRWV	IBM
Revenue Growth (YoY)	167.94%	7.62%
Revenue Growth (3Y CAGR)	586.92%	3.72%
EPS Growth (YoY)	--	73.72%
EPS Growth (3Y CAGR)	--	83.76%

Financial Strength

Current Ratio (MRQ)

Both CoreWeave (CRWV) at 0.46 and IBM (IBM) at 0.86 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

CRWV

Software & Services industry group

0.46

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
CRWV: 0.46
Min: 0.03

IBM

Software & Services industry group

0.86

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
IBM: 0.86
Min: 0.03

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but CRWV is more stretched: IBM (IBM) at 1.85 sits in the higher-leverage quartile and CoreWeave (CRWV) at 10.27 is above its industry benchmark range.

CRWV

Software & Services industry group

10.27

CRWV: 10.27
Max: 2.52
Q3: 1.13
Median: 0.40
Q1: 0.07
Min: 0.00

IBM

Software & Services industry group

1.85

Max: 2.52
IBM: 1.85
Q3: 1.13
Median: 0.40
Q1: 0.07
Min: 0.00

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CoreWeave (CRWV) and IBM (IBM)
Metric	CRWV	IBM
Current Ratio (MRQ)	0.46	0.86
Debt / Equity (MRQ)	10.27	1.85
Net Debt / EBITDA	12.16	3.37

Dividends

Dividend Yield (TTM)

CoreWeave (CRWV) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile IBM (IBM) reports a yield of 2.73%, ranking against industry peers normally.

CRWV

Software & Services industry group

0.00%

CRWV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IBM

Software & Services industry group

2.73%

IBM: 2.73%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

CoreWeave (CRWV) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile IBM (IBM) reports a payout of 57.51%, ranking against industry peers normally.

CRWV

Software & Services industry group

0.00%

CRWV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IBM

Software & Services industry group

57.51%

IBM: 57.51%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for CoreWeave (CRWV) and IBM (IBM)
Metric	CRWV	IBM
Dividend Yield (TTM)	0.00%	2.73%
Dividend Payout Ratio (TTM)	0.00%	57.51%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: IBM (IBM) trades at 20.90 times trailing earnings, ranked against its peers, while CoreWeave (CRWV) has no P/E ratio this period.

CRWV

Software & Services industry group

Max: 112.94
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69
CRWV: --

IBM

Software & Services industry group

20.90

Max: 112.94
Q3: 60.32
Median: 32.91
IBM: 20.90
Q1: 18.77
Min: 6.69

CoreWeave (CRWV) vs. IBM (IBM): CRWV does not report P/E ratio, so it has no value marker; IBM is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

On P/S ratio, both CoreWeave (CRWV) at 3.37 and IBM (IBM) at 3.31 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CRWV

Software & Services industry group

3.37

Max: 17.91
Q3: 8.78
Median: 4.25
CRWV: 3.37
Q1: 2.23
Min: 0.02

IBM

Software & Services industry group

3.31

Max: 17.91
Q3: 8.78
Median: 4.25
IBM: 3.31
Q1: 2.23
Min: 0.02

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both CoreWeave (CRWV) at 5.09 and IBM (IBM) at 6.52 are valued close to their industries’ norm against book — neither stands out from peers.

CRWV

Software & Services industry group

5.09

Max: 16.63
Q3: 8.50
CRWV: 5.09
Median: 4.30
Q1: 1.92
Min: -3.90

IBM

Software & Services industry group

6.52

Max: 16.63
Q3: 8.50
IBM: 6.52
Median: 4.30
Q1: 1.92
Min: -3.90

CoreWeave (CRWV) vs. IBM (IBM): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for CoreWeave (CRWV) and IBM (IBM)
Metric	CRWV	IBM
P/E Ratio (TTM)	--	20.90
P/S Ratio (TTM)	3.37	3.31
P/B Ratio (MRQ)	5.09	6.52
Free Cash Flow Yield (TTM)	-35.51%	5.34%