IBM vs. KD

Last updated Apr 1, 2026

Compare and contrast key facts about International Business Machines Corporation (IBM) and Kyndryl Holdings, Inc. (KD).

Performance

IBM vs. KD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in International Business Machines Corporation (IBM) and Kyndryl Holdings, Inc. (KD). The values are adjusted to include any dividend payments, if applicable.

IBM vs. KD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IBM International Business Machines Corporation	-17.70%	38.23%	39.27%	21.85%	10.64%	10.79%
KD Kyndryl Holdings, Inc.	-50.60%	-23.24%	66.51%	86.87%	-38.56%	-55.58%

Fundamentals

Market Cap IBM : $230.85B KD : $3.05B
EPS IBM : $11.16 KD : $1.73
PE Ratio IBM : 21.72 KD : 7.59
PS Ratio IBM : 3.41 KD : 0.21
Total Revenue (TTM) IBM : $67.54B KD : $15.12B
Gross Profit (TTM) IBM : $39.53B KD : $2.39B
EBITDA (TTM) IBM : $16.95B KD : $1.31B

Returns By Period

In the year-to-date period, IBM achieves a -17.70% return, which is significantly higher than KD's -50.60% return.

IBM

• 1D: 2.17%
• 1M: 0.91%
• YTD: -17.70%
• 6M: -13.13%
• 1Y: -0.10%
• 3Y*: 27.02%
• 5Y*: 18.36%
• 10Y*: 9.73%

KD

• 1D: 4.54%
• 1M: 6.41%
• YTD: -50.60%
• 6M: -56.31%
• 1Y: -58.22%
• 3Y*: -3.85%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

IBM vs. KD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBM

IBM Risk / Return Rank: 41
IBM Sharpe Ratio Rank: 42
IBM Sortino Ratio Rank: 36
IBM Omega Ratio Rank: 36
IBM Calmar Ratio Rank: 44
IBM Martin Ratio Rank: 45

KD

KD Risk / Return Rank: 11
KD Sharpe Ratio Rank: 9
KD Sortino Ratio Rank: 15
KD Omega Ratio Rank: 8
KD Calmar Ratio Rank: 15
KD Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBM vs. KD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) and Kyndryl Holdings, Inc. (KD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IBM	KD	Difference
Sharpe ratio Return per unit of total volatility	-0.00	-0.79	+0.79
Sortino ratio Return per unit of downside risk	0.22	-0.77	+0.99
Omega ratio Gain probability vs. loss probability	1.03	0.83	+0.20
Calmar ratio Return relative to maximum drawdown	0.06	-0.77	+0.83
Martin ratio Return relative to average drawdown	0.17	-1.55	+1.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IBM vs. KD - Sharpe Ratio Comparison

The current IBM Sharpe Ratio is -0.00, which is higher than the KD Sharpe Ratio of -0.79. The chart below compares the historical Sharpe Ratios of IBM and KD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IBM	KD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	-0.79	+0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	-0.39	+0.67

Correlation

The correlation between IBM and KD is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IBM vs. KD - Dividend Comparison

IBM's dividend yield for the trailing twelve months is around 2.77%, while KD has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBM International Business Machines Corporation	2.77%	2.27%	3.03%	4.05%	4.68%	4.74%	5.17%	4.80%	5.46%	3.85%	3.31%	3.63%
KD Kyndryl Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

IBM vs. KD - Drawdown Comparison

The maximum IBM drawdown since its inception was -69.40%, smaller than the maximum KD drawdown of -79.80%. Use the drawdown chart below to compare losses from any high point for IBM and KD.

Drawdown Indicators

	IBM	KD	Difference
Max Drawdown Largest peak-to-trough decline	-69.40%	-79.80%	+10.40%
Max Drawdown (1Y) Largest decline over 1 year	-28.69%	-75.60%	+46.91%
Max Drawdown (5Y) Largest decline over 5 years	-28.69%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.59%	—	—
Current Drawdown Current decline from peak	-22.61%	-69.80%	+47.19%
Average Drawdown Average peak-to-trough decline	-20.11%	-49.48%	+29.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.44%	37.60%	-27.16%

Volatility

IBM vs. KD - Volatility Comparison

The current volatility for International Business Machines Corporation (IBM) is 8.93%, while Kyndryl Holdings, Inc. (KD) has a volatility of 11.97%. This indicates that IBM experiences smaller price fluctuations and is considered to be less risky than KD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IBM	KD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	11.97%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	27.13%	86.29%	-59.16%
Volatility (1Y) Calculated over the trailing 1-year period	33.70%	73.43%	-39.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.97%	58.82%	-33.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.49%	58.82%	-33.33%

Financials

IBM vs. KD - Profitability Comparison

The chart below illustrates the profitability comparison between International Business Machines Corporation and Kyndryl Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

IBM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, International Business Machines Corporation reported a gross profit of 11.93B and revenue of 19.69B. Therefore, the gross margin over that period was 60.6%.

KD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kyndryl Holdings, Inc. reported a gross profit of 0.00 and revenue of 3.86B. Therefore, the gross margin over that period was 0.0%.

IBM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, International Business Machines Corporation reported an operating income of 3.06B and revenue of 19.69B, resulting in an operating margin of 15.5%.

KD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kyndryl Holdings, Inc. reported an operating income of 0.00 and revenue of 3.86B, resulting in an operating margin of 0.0%.

IBM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, International Business Machines Corporation reported a net income of 5.60B and revenue of 19.69B, resulting in a net margin of 28.5%.

KD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kyndryl Holdings, Inc. reported a net income of 57.00M and revenue of 3.86B, resulting in a net margin of 1.5%.