IBM vs WIT: International Business Machines and Wipro Limited ADR 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 11.7 times Wipro Limited ADR.
- International Business Machines grew revenue faster over the last year (+1.1% vs -0.8%).
- On earnings, Wipro Limited ADR is the cheaper stock (13.9x vs 20.8x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | IBM | WIT |
|---|---|---|
| Market cap | $221.1B | $18.9B |
| Share price | $227.13 | $1.70 |
| Revenue (last fiscal year) | $67.5B | $890.9B |
| Free cash flow (last fiscal year) | $12.1B | $154.7B |
| Revenue growth, last year | +1.1% | -0.8% |
| Revenue growth per year, last 5 fiscal years | +4.2% | +9.5% |
| Operating margin | — | 17.0% |
| Net margin | 15.5% | 14.7% |
| Return on equity | 31.1% | 15.9% |
| P/E (trailing) | 20.8x | 13.9x |
| Price / free cash flow | 19.1x | 0.14x |
| EV / EBITDA | 15.9x | 8.10x |
| FCF growth the price implies | 3.8% | — |
| Dividend yield | 2.9% | 10.6% |
| Debt / equity | 3.41x | 0.55x |
| Fundamental grade | C | B |
| Superinvestors holding it | 10 | 1 |
| Insider purchases, last 12 months | 10 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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 | — |
Wipro Limited ADR
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $619.4B | $128.0B | 19.9% |
| 2022 | $790.9B | $90.6B | 17.7% |
| 2023 | $904.9B | $115.8B | 15.4% |
| 2024 | $897.6B | $165.7B | 15.2% |
| 2025 | $890.9B | $154.7B | 17.0% |
Where the revenue comes from
International Business Machines · by segments, 2025
Software$30.0B44%
Consulting$21.1B31%
Infrastructure$15.7B23%
Financing$737M1%
Wipro Limited ADR · by products, 2025
Information Technology Services$888.2B100%
Information Technology Products$2.7B0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open IBM in InvestinglyQuestions
Which is bigger, International Business Machines or Wipro Limited ADR?
International Business Machines (IBM), at $221.1B against $18.9B.
Is IBM or WIT cheaper?
By trailing P/E, Wipro Limited ADR (13.9x) is cheaper than International Business Machines (20.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, IBM or WIT?
International Business Machines: revenue grew +1.1% over the last year, against -0.8%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.