On Jan. 17, IBM (NYSE:IBM) released Q4 2005 earnings for the period ending Dec. 31, 2005.

  • Strong increases in margins across the board.
  • Solid working capital management and cash balances.
  • Sales softer than analysts had expected.

Figures in millions, except per-share data

Income Statement Highlights

Avg. Est.

Q4 2005

Q4 2004

% Change






Net Profit










Get back to basics with a look at the income statement.

Margin Checkup

Q4 2005

Q4 2004

% Change

Gross Margin




Op. Margin




Net Margin




Margins are the earnings engine. See how they work.

Balance Sheet Highlights


Q4 2005

Q4 2004

% Change

Cash + ST Invest.





No Data

No Data

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Accounts Rec.





Q4 2005

Q4 2004

% Change

Long-Term Debt




Accounts Pay.




Cash Flow Highlights

No data provided.

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Related Companies:

  • Accenture (NYSE:ACN)
  • Hewlett-Packard (NYSE:HPQ)
  • Microsoft (NASDAQ:MSFT)
  • Red Hat (NASDAQ:RHAT)
  • Sun Microsystems (NASDAQ:SUNW)

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

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At the time of publication, Nathan Parmelee had a position in Microsoft. Fool rules are here .