International Bancshares Corporation (IBOC) Key Metrics
IBOC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.19B
- Enterprise value
- $4.47B
- P/E (TTM)
- 10.2 10-yr median 10.6
- Forward P/E
- 9.8
- PEG ratio
- 0.98
- Price / sales
- 5.0 10-yr median 4.1
- Price / book
- 1.3 10-yr median 1.4
- EV / EBITDA
- —
- Dividend yield
- 2.17% $1.46 a year
- Beta
- 0.70
IBOC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIBOC valuation Price multiples at each fiscal year-end price.
IBOC returns How much profit the business earns on the capital it uses.
IBOC per-share figures Results divided by the shares outstanding at year-end.
IBOC financial health Debt, liquidity and how easily interest is covered.
IBOC efficiency & capital use Working capital cycle and where the cash goes.
IBOC valuation history
IBOC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IBOC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IBOC cash returned to shareholders
IBOC price vs earnings per share
IBOC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.14B | $3.93B | $3.38B | $2.87B | $2.69B | $2.39B | $2.83B | $2.29B | $2.65B | $2.71B |
| Enterprise value | $4.30B | −$751.1M | −$1.44B | −$3.07B | −$4.16B | −$1.69B | $191.0M | −$339.9M | −$306.9M | −$792.2M |
| P/E ratio | 10.0 | 9.6 | 8.2 | 9.6 | 10.6 | 14.3 | 13.8 | 10.6 | 16.8 | 20.2 |
| Price / sales | 3.9 | 3.8 | 3.5 | 4.0 | 4.3 | 4.1 | 4.4 | 3.6 | 4.7 | 4.9 |
| Price / book | 1.3 | 1.4 | 1.4 | 1.4 | 0.2 | 1.1 | 1.3 | 1.2 | 1.4 | 1.6 |
| Price / free cash flow | 8.7 | 8.6 | 7.6 | 7.8 | 9.6 | 8.0 | 10.0 | 11.0 | 14.5 | 16.5 |
| Price / operating cash flow | 8.4 | 8.3 | 7.1 | 7.4 | 9.2 | 7.8 | 9.1 | 10.0 | 13.5 | 13.3 |
| EV / sales | 4.1 | -0.7 | -1.5 | -4.3 | -6.7 | -2.9 | 0.3 | -0.5 | -0.5 | -1.4 |
| EV / EBITDA | 7.9 | — | — | — | — | — | 0.7 | — | — | — |
| EV / free cash flow | 9.1 | — | — | — | — | — | 0.7 | — | — | — |
| Earnings yield | 10.0% | 10.4% | 12.2% | 10.4% | 9.4% | 7.0% | 7.2% | 9.4% | 5.9% | 5.0% |
| Free cash flow yield | 11.4% | 11.7% | 13.2% | 12.8% | 10.5% | 12.5% | 10.0% | 9.1% | 6.9% | 6.1% |
| Dividend yield | 2.1% | 2.1% | 2.3% | 2.6% | 2.7% | 2.9% | 2.4% | 2.2% | 1.6% | 1.5% |
| Shareholder yield (dividends + buybacks) | 2.2% | 2.1% | 2.5% | 4.4% | 2.7% | 5.0% | 3.1% | 3.0% | 1.7% | 1.8% |
| Share price at fiscal year-end | $66.44 | $63.16 | $54.32 | $45.76 | $42.39 | $37.44 | $43.07 | $34.40 | $39.70 | $40.80 |
| Per share | ||||||||||
| Revenue per share | $16.92 | $16.74 | $15.59 | $11.35 | $9.77 | $9.05 | $9.85 | $9.47 | $8.47 | $8.29 |
| Earnings per share | $6.62 | $6.57 | $6.62 | $4.78 | $4.00 | $2.62 | $3.12 | $3.24 | $2.36 | $2.02 |
| Operating cash flow per share | $7.89 | $7.61 | $7.62 | $6.18 | $4.59 | $4.78 | $4.74 | $3.45 | $2.95 | $3.06 |
| Free cash flow per share | $7.60 | $7.38 | $7.18 | $5.87 | $4.43 | $4.67 | $4.29 | $3.13 | $2.73 | $2.48 |
| Cash per share | $8.62 | $85.73 | $87.97 | $103.57 | $116.93 | $79.53 | $55.35 | $55.95 | $66.15 | $67.05 |
| Book value per share | $52.23 | $44.89 | $39.34 | $32.55 | $243.76 | $34.11 | $32.25 | $29.11 | $27.54 | $26.01 |
| Tangible book value per share | $47.69 | $40.36 | $34.80 | $28.06 | $239.31 | $29.68 | $27.94 | $24.87 | $19.08 | $21.75 |
| Dividends per share | $1.40 | $1.32 | $1.26 | $1.20 | $1.15 | $1.10 | $1.05 | $0.74 | $0.65 | $0.60 |
| Capex per share | $0.29 | $0.23 | $0.44 | $0.31 | $0.16 | $0.11 | $0.45 | $0.32 | $0.21 | $0.59 |
| Debt per share | $11.32 | $10.51 | $10.45 | $9.01 | $9.05 | $15.65 | $15.19 | $16.45 | $21.86 | $14.31 |
| Shares outstanding | 62.3M | 62.3M | 62.2M | 62.8M | 63.5M | 63.9M | 65.7M | 66.6M | 66.8M | 66.3M |
| Change in shares outstanding | −0.1% | +0.1% | −0.9% | −1.1% | −0.6% | −2.8% | −1.4% | −0.2% | +0.7% | −0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.6% | 15.6% | 18.3% | 3.4% | 2.9% | 7.8% | 10.1% | 11.4% | 8.8% | 7.9% |
| Return on invested capital (ROIC) | 53.9% | — | — | — | 7.6% | — | — | — | — | — |
| Return on assets (ROA) | 2.5% | 2.7% | 2.7% | 1.9% | 1.7% | 1.3% | 1.7% | 1.8% | 1.3% | 1.1% |
| Return on tangible assets | 2.5% | 2.6% | 2.8% | 2.0% | 1.6% | 1.2% | 1.7% | 1.9% | 1.4% | 1.2% |
| Free cash flow margin | 44.9% | 44.1% | 46.1% | 51.7% | 45.3% | 51.7% | 43.6% | 33.0% | 32.3% | 29.9% |
| Income quality (OCF / net income) | 1.19 | 1.16 | 1.15 | 1.29 | 1.15 | 1.82 | 1.52 | 1.06 | 1.25 | 1.52 |
| Financial health | ||||||||||
| Total debt | $704.7M | $654.7M | $650.0M | $565.8M | $574.3M | $999.1M | $997.7M | $1.10B | $1.46B | $948.8M |
| Cash & short-term investments | $536.5M | $5.34B | $5.47B | $6.51B | $7.42B | $5.08B | $3.64B | $3.73B | $4.42B | $4.45B |
| Net debt | $168.3M | −$4.69B | −$4.82B | −$5.94B | −$6.85B | −$4.08B | −$2.64B | −$2.63B | −$2.96B | −$3.50B |
| Debt / equity | 0.22 | 0.23 | 0.27 | 0.28 | 0.04 | 0.46 | 0.47 | 0.57 | 0.79 | 0.55 |
| Debt / assets | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.07 | 0.08 | 0.09 | 0.12 | 0.08 |
| Net debt / EBITDA | 0.31 | −8.82 | −8.84 | −14.69 | −19.72 | −16.99 | −9.15 | −8.82 | −11.98 | −15.77 |
| Current ratio | 1.04 | 0.43 | 0.45 | 0.80 | 1.19 | 0.46 | 0.41 | 0.42 | 1.47 | 0.69 |
| Quick ratio | 1.04 | 0.43 | 0.90 | 1.06 | 1.71 | 0.65 | 0.45 | 0.41 | 1.46 | 0.68 |
| Interest coverage | 2.4 | 2.4 | 3.8 | 10.0 | 12.0 | 5.4 | 4.4 | 5.2 | 5.7 | 4.6 |
| Working capital | $23.4M | −$7.23B | −$6.82B | −$1.65B | $1.18B | −$6.03B | −$5.39B | −$5.16B | $2.12B | −$2.87B |
| Invested capital | $3.42B | −$1.89B | −$2.38B | −$3.89B | $8.63B | −$1.90B | −$520.0M | −$692.5M | −$1.12B | −$1.77B |
| Tangible asset value | $2.97B | $2.51B | $2.17B | $1.76B | $15.19B | $1.90B | $1.84B | $1.66B | $1.27B | $1.44B |
| Net current asset value | −$12.82B | −$7.53B | −$7.08B | −$6.91B | $6.88B | −$6.74B | −$6.32B | −$6.17B | −$3.68B | −$3.78B |
| Graham number | $88.22 | $81.45 | $76.53 | $59.17 | $148.11 | $44.84 | $47.60 | $46.07 | $38.22 | $34.38 |
| Graham net-net per share | −$206.20 | −$121.15 | −$158.55 | −$127.38 | $82.46 | −$122.04 | −$99.22 | −$92.22 | −$88.16 | −$84.26 |
| Capital allocation | ||||||||||
| Dividends paid | $87.1M | $82.1M | $78.2M | $75.4M | $72.8M | $69.9M | $68.7M | $49.6M | $43.6M | $39.6M |
| Share buybacks (net) | $4.6M | $963,000 | $4.6M | $52.0M | $716,000 | $48.9M | $17.8M | $19.0M | $187,000 | $8.0M |
| Dividend payout ratio | 21.1% | 20.1% | 19.0% | 25.1% | 28.7% | 41.8% | 33.5% | 23.0% | 27.7% | 29.5% |
| Dividends + buybacks / free cash flow | 19.4% | 18.1% | 18.5% | 34.6% | 26.1% | 39.8% | 30.7% | 32.9% | 24.0% | 28.9% |
| Capex / revenue | 1.7% | 1.4% | 2.8% | 2.7% | 1.7% | 1.2% | 4.6% | 3.4% | 2.5% | 7.1% |
| Capex / operating cash flow | 3.7% | 3.0% | 5.8% | 5.0% | 3.6% | 2.2% | 9.5% | 9.3% | 7.3% | 19.1% |
| Capex / depreciation | 0.78 | 0.63 | 1.25 | 0.88 | 0.42 | 0.24 | 1.05 | 0.83 | 0.57 | 1.56 |
| Stock-based compensation / revenue | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% |
| SG&A / revenue | 17.9% | 15.3% | 15.0% | 19.5% | 21.3% | 23.6% | 24.0% | 23.8% | 25.4% | 25.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 25.0 | 24.1 | 20.9 | 19.6 | 20.1 | 23.5 | 20.7 | 20.6 | 21.5 | 21.2 |
| Days of inventory on hand | — | — | -8,213.9 | -16,625.3 | -28,202.2 | -5,328.9 | -725.3 | 293.8 | 265.7 | 284.1 |
| Days payables outstanding | — | — | — | 77,135.0 | 122,448.7 | 42,219.8 | 41,277.8 | 53,531.2 | 62,425.9 | 49,679.4 |
| Cash conversion cycle (days) | — | — | — | -93,740.7 | -150,630.8 | -47,525.2 | -41,982.3 | -53,216.8 | -62,138.7 | -49,374.2 |
| Receivables turnover | 14.57 | 15.17 | 17.47 | 18.67 | 18.12 | 15.51 | 17.63 | 17.71 | 16.98 | 17.24 |
| Payables turnover | — | — | — | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory turnover | — | — | — | — | — | — | — | 1.24 | 1.37 | 1.28 |
| Asset turnover | 0.07 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
| Average receivables | $72.3M | $68.7M | $55.5M | $38.2M | $34.2M | $37.3M | $36.7M | $35.6M | $33.3M | $31.9M |
| Average payables | — | — | — | $12.64B | $11.67B | $9.77B | $8.76B | $8.62B | $8.58B | $8.57B |
| Average inventory | — | — | −$3.85B | −$2.72B | −$2.69B | −$1.23B | −$153.9M | $47.3M | $36.5M | $49.0M |
| Intangibles / total assets | 1.7% | 1.8% | 1.9% | 1.8% | 1.8% | 2.0% | 2.3% | 2.4% | 4.6% | 2.4% |
Computed from IBOC's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IBOC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), International Bancshares traded at 10.0 times earnings, against a 10-year median of 10.6. Based on the latest twelve months, the trailing P/E is 10.2 and the forward P/E is 9.8. International Bancshares earned a return on equity of 13.6% and a return on invested capital of 53.9% in fiscal 2025. It ended the year with $704.7 million of debt and $536.5 million in cash and short-term investments, net debt of $168.3 million. It returned $91.7 million to shareholders: $87.1 million in dividends and $4.6 million in share buybacks, 19% of free cash flow. The share count fell 6.1% from 66.3M to 62.3M over 9 years.
See the IBOC income statement, the IBOC chart for price history, or the IBOC stock overview for the latest quote and news.
IBOC key metrics FAQ
What is International Bancshares's P/E ratio?
International Bancshares's trailing P/E ratio is 10.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.8. At the end of fiscal 2025 it was 10.0, compared with a 10-year median of 10.6.
What is International Bancshares's EV/EBITDA?
International Bancshares's enterprise value was 7.9 times EBITDA at the end of fiscal 2025 (enterprise value $4.3 billion, EBITDA $543.7 million).
What is International Bancshares's return on equity?
International Bancshares's return on equity (ROE) was 13.6% in fiscal 2025: net income of $412.3 million on average shareholders' equity of $3.0 billion.
What is International Bancshares's ROIC?
International Bancshares's return on invested capital was 53.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does International Bancshares have?
International Bancshares had total debt of $704.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.22 and $168.3 million of net debt (0.31 times EBITDA).
What is International Bancshares's dividend yield?
International Bancshares's forward dividend yield is 2.17%. International Bancshares paid $87.1 million in dividends in fiscal 2025 ($1.40 per share), a payout ratio of 21.1%.
Does International Bancshares buy back its shares?
Yes. International Bancshares spent $4.6 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.1% over the year, to 62.3M..
What is International Bancshares's free cash flow yield?
International Bancshares generated $472.9 million of free cash flow in fiscal 2025, a free cash flow yield of 11.4% on its market value at year-end ($4.1 billion).
What is International Bancshares's current ratio?
International Bancshares's current ratio was 1.04 at the end of fiscal 2025: current assets were 1.04 times current liabilities.