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IBM vs. NBIS: IBM vs. Nebius Stock Comparison

How do IBM (IBM) and Nebius (NBIS) 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

IBM (IBM) and Nebius (NBIS) both fall under the Software & Services industry group, but IBM is classified in IT Services while NBIS is classified in Software.

IBM (IBM) carries decades of public-market history since January 2, 1962, while Nebius (NBIS) listed on October 21, 2024 — long-window comparisons have far more historical data on the IBM side.

Company profile comparison for IBM (IBM) and Nebius (NBIS)
Profile ItemIBMNBIS
NameInternational Business Machines CorporationNebius Group N.V. Class A Ordinary Shares
Country/RegionUnited StatesNetherlands
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustryIT ServicesSoftware
GICS Sub-IndustryIT Consulting & Other ServicesSystems Software
Market Capitalization231.55 billion USD35.20 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJanuary 2, 1962October 21, 2024
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

IBM
NBIS
GSPC
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IBM (IBM) vs. Nebius (NBIS), 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 IBM (IBM) and Nebius (NBIS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for IBM (IBM) and Nebius (NBIS)
MetricIBMNBIS
Total Return (1Y)-16.98%25.86%
Total Return (3Y, Annualized)22.40%--
Total Return (5Y, Annualized)19.64%--

Risk Profile

Drawdown History

IBM
NBIS
GSPC
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IBM (IBM) vs. Nebius (NBIS), 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 IBM (IBM) and Nebius (NBIS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Nebius (NBIS) carries a highly aggressive beta of 4.66, 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 IBM (IBM) and Nebius (NBIS)
MetricIBMNBIS
Volatility (1Y, Annualized)48.48%111.62%
Beta (5Y)0.794.66
Max Drawdown (5Y)-37.50%-58.27%
Avg. Volume (3M)5.30M20.58M

Risk-Adjusted Performance

Risk-Return Positioning

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IBM and NBIS 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 IBM (IBM) and Nebius (NBIS)
MetricIBMNBIS
Sharpe Ratio (1Y)-0.440.19
Sortino Ratio (1Y)-0.560.31

Profitability

ROE (TTM)

IBM (IBM) at 34.77% sits in the top ROE quartile, while Nebius (NBIS) at 0.60% is closer to the peer norm — stronger capital efficiency for IBM.

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%

NBIS

Software & Services industry group

0.60%

Max
53.85%
Q3
17.90%
Median
6.59%
NBIS
0.60%
Q1
-9.59%
Min
-50.52%
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IBM (IBM) vs. Nebius (NBIS): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

IBM (IBM) at 15.99% retains a top-quartile share of revenue as profit, ahead of Nebius (NBIS) at 3.13%, which keeps about the industry-typical share.

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%

NBIS

Software & Services industry group

3.13%

Max
41.17%
Q3
15.28%
Median
4.63%
NBIS
3.13%
Q1
-5.42%
Min
-33.17%
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IBM (IBM) vs. Nebius (NBIS): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Nebius (NBIS) reports a negative operating margin of -0.22%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile IBM (IBM) reports 16.97%, ranking against industry peers normally.

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%

NBIS

Software & Services industry group

-0.22%

Max
46.89%
Q3
17.64%
Median
8.73%
NBIS
-0.22%
Q1
-2.13%
Min
-30.45%
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IBM (IBM) vs. Nebius (NBIS): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for IBM (IBM) and Nebius (NBIS)
MetricIBMNBIS
ROE (TTM)34.77%0.60%
ROA (TTM)5.33%-1.92%
Net Margin (TTM)15.99%3.13%
Operating Margin (TTM)16.97%-0.22%
Gross Margin (TTM)57.97%74.26%

Growth

Revenue Growth

Nebius (NBIS) at 479.02% 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.

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IBM (IBM) vs. Nebius (NBIS): 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; Nebius (NBIS) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for IBM (IBM) and Nebius (NBIS)
MetricIBMNBIS
Revenue Growth (YoY)7.62%479.02%
Revenue Growth (3Y CAGR)3.72%239.83%
EPS Growth (YoY)73.72%--
EPS Growth (3Y CAGR)83.76%-28.68%

Financial Strength

Current Ratio (MRQ)

Nebius (NBIS) at 4.03 carries current ratio above its industry’s typical mid-range, while IBM (IBM) at 0.86 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

NBIS

Software & Services industry group

4.03

Max
5.11
NBIS
4.03
Q3
2.77
Median
1.67
Q1
1.01
Min
0.03
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IBM (IBM) vs. Nebius (NBIS): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Nebius (NBIS) at 0.99 carries an industry-typical debt-to-equity mix, while IBM (IBM) at 1.85 uses more debt funding than most peers.

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

NBIS

Software & Services industry group

0.99

Max
2.52
Q3
1.13
NBIS
0.99
Median
0.40
Q1
0.07
Min
0.00
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IBM (IBM) vs. Nebius (NBIS): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for IBM (IBM) and Nebius (NBIS)
MetricIBMNBIS
Current Ratio (MRQ)0.864.03
Debt / Equity (MRQ)1.850.99
Net Debt / EBITDA3.378.35

Dividends

Dividend Yield (TTM)

Nebius (NBIS) 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.

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%

NBIS

Software & Services industry group

0.00%

NBIS
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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IBM (IBM) vs. Nebius (NBIS): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Nebius (NBIS) 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.

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%

NBIS

Software & Services industry group

0.00%

NBIS
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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IBM (IBM) vs. Nebius (NBIS): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for IBM (IBM) and Nebius (NBIS)
MetricIBMNBIS
Dividend Yield (TTM)2.73%0.00%
Dividend Payout Ratio (TTM)57.51%0.00%

Valuation

P/E Ratio (TTM)

IBM (IBM) at 20.90 is near its industry’s usual P/E ratio, while Nebius (NBIS) at 101.16 sits in the richer quartile — NBIS needs stronger growth or earnings quality to justify the premium.

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

NBIS

Software & Services industry group

101.16

Max
112.94
NBIS
101.16
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
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IBM (IBM) vs. Nebius (NBIS): A comparison of their P/E ratio against the Software & Services industry group benchmark.

P/S Ratio (TTM)

IBM (IBM) at 3.31 prices around its industry’s typical P/S ratio, while Nebius (NBIS) at 25.98 clears its benchmark range — NBIS looks notably rich on sales.

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

NBIS

Software & Services industry group

25.98

NBIS
25.98
Max
17.91
Q3
8.78
Median
4.25
Q1
2.23
Min
0.02
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IBM (IBM) vs. Nebius (NBIS): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both IBM (IBM) at 6.52 and Nebius (NBIS) at 3.43 are valued close to their industries’ norm against book — neither stands out from peers.

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

NBIS

Software & Services industry group

3.43

Max
16.63
Q3
8.50
Median
4.30
NBIS
3.43
Q1
1.92
Min
-3.90
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IBM (IBM) vs. Nebius (NBIS): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for IBM (IBM) and Nebius (NBIS)
MetricIBMNBIS
P/E Ratio (TTM)20.90101.16
P/S Ratio (TTM)3.3125.98
P/B Ratio (MRQ)6.523.43
Free Cash Flow Yield (TTM)5.34%-27.31%