International Business Machines Corp
$326.13B- Market cap
- $279.07B
- Debt
- +$61.26B
- Cash
- −$14.20B
Capital structure 82% equity / 18% debt · EV / Revenue 4.83x · EV / EBITDA 15.66x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: IBM stock price vs HUBS: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at HUBS's multiple
Needs HUBS P/E.
Implied fair value · at IBM's multiple
Live quote
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: IBM FY 2025 (ended Dec 31, 2025) · HUBS FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 82% equity / 18% debt · EV / Revenue 4.83x · EV / EBITDA 15.66x
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
INTERNATIONAL BUSINESS MACHINES CORP · implied price per share
Bear
$110.58
Base
$130.10
Bull
$149.61
HubSpot, Inc. · implied price per share
Bear
$13.65
Base
$16.06
Bull
$18.47
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
1.88x
0.27x
Net debt / EBITDA
Leverage against operating earnings
2.26x
-1.60x
Cash and equivalents
Liquid reserves on the balance sheet
$14.20B
$882.24M
Total debt
Interest-bearing obligations outstanding
$61.26B
$551.06M
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
Live quote
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe IBM can sustain its 7.6% revenue growth and 30.8% EBITDA margin while managing 2.3x net debt/EBITDA, then IBM looks attractive versus HUBS because HUBS-implied P/E valuation is far above IBM’s current price.
On a P/E basis, IBM looks deeply discounted versus HUBS: 26.5x versus 276.0x, which produces an implied price of $3,082.92 that is far above IBM’s current $223.65. However, the valuation gap is not purely a sign of mispricing because HUBS trades at a growth premium while IBM’s fundamentals are more mature.
Supporting Metrics