BR vs IBM: Broadridge Financial Solutions and International Business Machines compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- International Business Machines is the larger company, worth $221.1B, about 11.4 times Broadridge Financial Solutions.
- Broadridge Financial Solutions grew revenue faster over the last year (+7.5% vs +1.1%).
- On earnings, Broadridge Financial Solutions is the cheaper stock (17.9x vs 20.8x).
- International Business Machines's price assumes faster free cash flow growth: about 4% a year, against 2% for Broadridge Financial Solutions (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BR | IBM |
|---|---|---|
| Market cap | $19.4B | $221.1B |
| Share price | $165.45 | $227.13 |
| Revenue (last fiscal year) | $7.5B | $67.5B |
| Free cash flow (last fiscal year) | $1.2B | $12.1B |
| Revenue growth, last year | +7.5% | +1.1% |
| Revenue growth per year, last 5 fiscal years | +7.0% | +4.2% |
| Operating margin | 17.4% | — |
| Net margin | 15.0% | 15.5% |
| Return on equity | 39.6% | 31.1% |
| P/E (trailing) | 17.9x | 20.8x |
| Price / free cash flow | 18.3x | 19.1x |
| EV / EBITDA | 11.0x | 15.9x |
| FCF growth the price implies | 1.8% | 3.8% |
| Dividend yield | 2.3% | 2.9% |
| Debt / equity | 2.15x | 3.41x |
| Fundamental grade | C | C |
| Superinvestors holding it | 6 | 10 |
| Insider purchases, last 12 months | 10 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Broadridge Financial Solutions
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $5.7B | $370M | 13.3% |
| 2023 | $6.1B | $748M | 15.4% |
| 2024 | $6.5B | $943M | 15.6% |
| 2025 | $6.9B | $1.1B | 17.3% |
| 2026 | $7.5B | $1.2B | 17.4% |
International Business Machines
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $57.4B | $10.7B | — |
| 2022 | $60.5B | $9.1B | — |
| 2023 | $61.9B | $12.7B | — |
| 2024 | $62.8B | $12.4B | — |
| 2025 | $67.5B | $12.1B | — |
Where the revenue comes from
Broadridge Financial Solutions · by segments, 2026
International Business Machines · by segments, 2025
Questions
Which is bigger, Broadridge Financial Solutions or International Business Machines?
International Business Machines (IBM), at $221.1B against $19.4B.
Is BR or IBM cheaper?
By trailing P/E, Broadridge Financial Solutions (17.9x) is cheaper than International Business Machines (20.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, BR or IBM?
Broadridge Financial Solutions: revenue grew +7.5% over the last year, against +1.1%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.