COMP <GO>
IBM vs SMCI // ALTMAN Z-SCORE & DEBT/EQUITY
International Business Machines Corporation (NYSE) VS. Super Micro Computer Inc. (NASDAQ) • 15-METRIC TALLY: IBM 9
— SMCI 5
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: IBM
LAST: $258.28 (+2.00%) • MKT CAP: $244.11B
balance-sheet
3.38
LAST: $34.43 (-3.85%) • MKT CAP: $22.62B
balance-sheet
2.24
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (IBM VS. SMCI)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | IBM | SMCI | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 58.20% | 11.10% | +47.10 | IBM | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 13.80% | 8.40% | +5.40 | IBM | /roic <GO> |
| EV/EBITDA & P/E Valuation | 20.6x | 20.1x | +0.50 | SMCI | /valuation <GO> |
| Free Cash Flow Yield | 4.96% | 6.77% | -1.81 | SMCI | /fcf-yield <GO> |
| Operating Margin | 19.10% | 5.70% | +13.40 | IBM | /operating-margins <GO> |
| Net Profit Margin | 15.70% | 4.80% | +10.90 | IBM | /net-margins <GO> |
| Revenue Growth (YoY) | 7.60% | 46.60% | -39.00 | SMCI | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.56% | 0.00% | +2.56 | IBM | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 3.38 | 2.24 | +1.14 | IBM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 6/9 | +1.00 | IBM | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 71.2 | 44.9 | +26.30 | IBM | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.30 | 1.42 | -0.12 | SMCI | /macro-sensitivity <GO> |
| Forward P/E Multiple | 21.4x | 18.1x | +3.30 | SMCI | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $244.11B | $22.62B | $221.49B | IBM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | IBM REV | SMCI REV | IBM GROSS % | SMCI GROSS % | IBM FCF | SMCI FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $67.53B | $21.97B | 58.2% | 11.1% | $12.10B | $1.53B |
| FY 2024 | $62.75B | $14.99B | 56.7% | 13.8% | $12.40B | -$2.61B |
| FY 2023 | $61.86B | $7.12B | — | — | $11.15B | $343.0M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
IBM // BETA 1.30
SMCI // BETA 1.42