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

QCOM has the lower trailing P/E: IBM trades at 20.79 and QCOM at 19.26. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, IBM or QCOM?

Over the past five years, QCOM grew revenue faster — IBM at a 1.13% CAGR versus QCOM at 6.23%.

Does IBM or QCOM pay a bigger dividend?

IBM yields 2.87% and QCOM yields 2.15% based on trailing dividends and the latest price.

Is IBM or QCOM more profitable?

QCOM runs the higher net margin — IBM at 15.52% versus QCOM at 21.01%.

How have IBM and QCOM total returns compared?

Over the past 10 years, IBM delivered 8.86% and QCOM delivered 13.30% annualized total return. Past performance doesn't predict future results.

International Business Machines Corporation (IBM) vs QUALCOMM Incorporated (QCOM)

A side-by-side comparison of International Business Machines Corporation and QUALCOMM Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 8, 2026. Differences are shown without an overall score or investment verdict.

IBM

International Business Machines Corporation

$218.95B

$232.40TechnologyDelayed quote: Sep 8, 2026, 3:15 PM EDT

QCOM

QUALCOMM Incorporated

$182.06B

$173.39TechnologyDelayed quote: Sep 8, 2026, 3:15 PM EDT

Total return — IBM vs QCOM

growth of $100 · dividends reinvested · last 10y

IBM +135.7% (+9.0%/yr)QCOM +250.2% (+13.4%/yr)QCOM compounded faster over this window

IBM QCOM

IBM vs QCOM: by the numbers

•IBM is the larger company ($218.95B vs $182.06B market cap).
•QCOM trades at the lower trailing earnings multiple (19.26 vs 20.79 P/E), one valuation lens rather than an overall verdict.
•QCOM converts more revenue to profit (21.01% vs 15.52% net margin).
•QCOM grew revenue faster over the past five years (6.23% vs 1.13% CAGR).
•IBM pays the higher dividend yield (2.87% vs 2.15%).

Metrics side by side

Valuation

Metric	IBM	QCOM
P/E ratio	20.79	19.26
Forward P/E	19.08	16.01
P/S ratio	3.24	4.09
P/B ratio	6.50	6.52
EV / EBITDA	16.07	16.21
FCF yield	6.09%	5.77%

Profitability

Metric	IBM	QCOM
Gross margin	58.43%	54.23%
Operating margin	17.86%	23.19%
Net margin	15.52%	21.01%
ROE	31.13%	33.48%
ROIC	10.12%	17.42%

Dividends

Metric	IBM	QCOM
Dividend yield	2.87%	2.15%
Payout ratio	59.65%	41.32%

Growth (annualized)

Metric	IBM	QCOM
Revenue CAGR (5Y)	1.13%	6.23%
EPS CAGR (5Y)	12.59%	2.02%
FCF CAGR (5Y)	-1.28%	2.09%
Total return CAGR (5Y)	16.36%	5.40%

Frequently asked

Which has the lower trailing P/E, IBM or QCOM?: QCOM has the lower trailing P/E: IBM trades at 20.79 and QCOM at 19.26. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, IBM or QCOM?: Over the past five years, QCOM grew revenue faster — IBM at a 1.13% CAGR versus QCOM at 6.23%.
Does IBM or QCOM pay a bigger dividend?: IBM yields 2.87% and QCOM yields 2.15% based on trailing dividends and the latest price.
Is IBM or QCOM more profitable?: QCOM runs the higher net margin — IBM at 15.52% versus QCOM at 21.01%.
How have IBM and QCOM total returns compared?: Over the past 10 years, IBM delivered 8.86% and QCOM delivered 13.30% annualized total return. Past performance doesn't predict future results.

Go deeper

Full IBM analysis Full QCOM analysis Interactive comparison tool

Dig into the metrics

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

International Business Machines & QUALCOMM appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest ROE Stocks Highest FCF Yield 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 8, 2026.