Which has the lower trailing P/E, IBM or KLAC?

IBM has the lower trailing P/E: IBM trades at 21.53 and KLAC at 49.29. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, IBM or KLAC?

Over the past five years, KLAC grew revenue faster — IBM at a 1.13% CAGR versus KLAC at 14.44%.

Does IBM or KLAC pay a bigger dividend?

IBM yields 2.88% and KLAC yields 0.47% based on trailing dividends and the latest price.

Is IBM or KLAC more profitable?

KLAC runs the higher net margin — IBM at 15.52% versus KLAC at 35.57%.

How have IBM and KLAC total returns compared?

Over the past 10 years, IBM delivered 9.09% and KLAC delivered 40.45% annualized total return. Past performance doesn't predict future results.

International Business Machines Corporation (IBM) vs KLA Corporation (KLAC)

A side-by-side comparison of International Business Machines Corporation and KLA Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.

IBM

International Business Machines Corporation

$229.21B

$243.29TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT

KLAC

KLA Corporation

$235.97B

$180.64TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — IBM vs KLAC

growth of $100 · dividends reinvested · last 10y

IBM +141.7% (+9.2%/yr)KLAC +2853.2% (+40.3%/yr)KLAC compounded faster over this window

Log scale — wide-divergence pair

IBM KLAC

IBM vs KLAC: by the numbers

•KLAC is the larger company ($235.97B vs $229.21B market cap).
•IBM trades at the lower trailing earnings multiple (21.53 vs 49.29 P/E), one valuation lens rather than an overall verdict.
•KLAC converts more revenue to profit (35.57% vs 15.52% net margin).
•KLAC grew revenue faster over the past five years (14.44% vs 1.13% CAGR).
•IBM pays the higher dividend yield (2.88% vs 0.47%).

Metrics side by side

Valuation

Metric	IBM	KLAC
P/E ratio	21.53	49.29
Forward P/E	19.76	32.91
P/S ratio	3.32	17.38
P/B ratio	6.65	37.16
EV / EBITDA	16.38	39.72
FCF yield	5.95%	1.60%

Profitability

Metric	IBM	KLAC
Gross margin	58.43%	61.30%
Operating margin	17.86%	41.69%
Net margin	15.52%	35.57%
ROE	31.13%	76.08%
ROIC	10.12%	35.75%

Dividends

Metric	IBM	KLAC
Dividend yield	2.88%	0.47%
Payout ratio	59.65%	22.92%

Growth (annualized)

Metric	IBM	KLAC
Revenue CAGR (5Y)	1.13%	14.44%
EPS CAGR (5Y)	12.59%	22.23%
FCF CAGR (5Y)	-1.28%	14.04%
Total return CAGR (5Y)	16.72%	39.61%

Frequently asked

Which has the lower trailing P/E, IBM or KLAC?: IBM has the lower trailing P/E: IBM trades at 21.53 and KLAC at 49.29. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, IBM or KLAC?: Over the past five years, KLAC grew revenue faster — IBM at a 1.13% CAGR versus KLAC at 14.44%.
Does IBM or KLAC pay a bigger dividend?: IBM yields 2.88% and KLAC yields 0.47% based on trailing dividends and the latest price.
Is IBM or KLAC more profitable?: KLAC runs the higher net margin — IBM at 15.52% versus KLAC at 35.57%.
How have IBM and KLAC total returns compared?: Over the past 10 years, IBM delivered 9.09% and KLAC delivered 40.45% annualized total return. Past performance doesn't predict future results.

Go deeper

Full IBM analysis Full KLAC analysis Interactive comparison tool

Dig into the metrics

International Business Machines P/E ratio KLA P/E ratio International Business Machines dividend yield KLA dividend yield International Business Machines ROE KLA ROE International Business Machines operating margin KLA operating margin International Business Machines revenue growth KLA revenue growth International Business Machines free cash flow KLA free cash flow

International Business Machines & KLA appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest ROE Stocks Highest ROIC Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.