Accenture vs IBM
Accenture and IBM are similar in size: $74.18bn and $67.53bn of revenue in their latest fiscal years. IBM grew faster (7.6% against 6.5%). IBM kept more of each dollar of sales as profit: a net margin of 15.7% against 11.3%. Accenture carries less debt relative to equity (32.0% against 207.3%).
| Latest fiscal year | AccentureACN, 2026 | IBMIBM, 2025 |
|---|---|---|
| Revenue | $74.18bn | $67.53bn |
| Revenue growth | 6.5% | 7.6% |
| Net income | $8.37bn | $10.59bn |
| Operating margin | 15.4% | — |
| Net margin | 11.3% | 15.7% |
| Return on equity | 26.7% | 35.3% |
| Free cash flow | $11.62bn | $12.10bn |
| Cash | $12.83bn | $13.59bn |
| Total debt | $10.11bn | $67.68bn |
| Debt to equity | 32.0% | 207.3% |
| Dividend per share | — | $6.71 |
| Dividend yield | 2.5% | 2.6% |
| Share buybacks | $7.52bn | — |
| Employees | 814,000 | — |
| Market value | $153.89bn | $237.31bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 65 (Moderate) | 56 (Moderate) |
| Insider trades, 12 months | 3 buys, 94 sales | 3 buys, 1 sales |