---
title: "IBM: Competitors & Industry Structure"
description: "IBM compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how the peer group is chosen."
canonical: https://www.getswoopr.com/stocks/companies/ibm/competitors/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# IBM: Competitors & Industry Structure

## Direct Answer

SEC EDGAR classifies IBM under SIC code 3570 (Computer & office Equipment). Among Swoopr's S&P 500 Equal Weight companies, 2 others share that classification; by latest reported revenue, IBM ranks 1 of 3. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes.

## How Does IBM Compare With Its Peers?

| Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin |
| --- | --- | --- | --- | --- |
| **IBM (IBM)** | $67.5 billion FY2025 | 7.6% | n/a | 15.7% |
| [HP Inc. (HPQ)](https://www.getswoopr.com/stocks/companies/hp-inc/) | $55.3 billion FY2025 | 3.2% | 5.7% | 4.6% |
| [Hewlett Packard Enterprise (HPE)](https://www.getswoopr.com/stocks/companies/hewlett-packard-enterprise/) | $34.3 billion FY2025 | 13.8% | -1.3% | 0.2% |

Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care.

## Where These Numbers Come From

Every figure on this page is a value IBM reported in its own SEC filings, read from the SEC's XBRL data (accession 0000051143-26-000010 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.

Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.

## Frequently Asked Questions

### Who are IBM's competitors?

Companies sharing IBM's SEC classification (SIC code 3570 (Computer & office Equipment)) include HP Inc. (HPQ), Hewlett Packard Enterprise (HPE). Its 10-K names the competitors it considers most relevant.

### How does IBM compare with its peers on margins?

A margin comparison needs reported operating income for IBM and its peers; where either is missing, Swoopr leaves the comparison out.

### How are these peers chosen?

By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict.

## References

- [SEC EDGAR: INTERNATIONAL BUSINESS MACHINES CORP Form 10-K filed February 24, 2026](https://www.sec.gov/Archives/edgar/data/51143/000005114326000010/ibm-20251231.htm)
- [SEC EDGAR: INTERNATIONAL BUSINESS MACHINES CORP annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=51143&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)

## Related Pages

- [IBM company dossier](https://www.getswoopr.com/stocks/companies/ibm/)
- [IBM financial metrics](https://www.getswoopr.com/stocks/companies/ibm/metrics/)
- [IBM financial risk indicators](https://www.getswoopr.com/stocks/companies/ibm/risks/)
- [IBM peer comparison](https://www.getswoopr.com/stocks/companies/ibm/competitors/)
- [IBM business model and revenue mix](https://www.getswoopr.com/stocks/companies/ibm/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).