Invesco DB Precious Metals Financials
This page shows Invesco DB Precious Metals (DBP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Invesco DB Precious Metals has an operating margin of 82.4%, meaning the company retains $82 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 85.8% the prior year.
Invesco DB Precious Metals's revenue declined 2.7% year-over-year, from $8.1M to $7.9M. This contraction results in a growth score of 29/100.
Invesco DB Precious Metals carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Invesco DB Precious Metals earns a strong 43.7% return on equity (ROE), meaning it generates $44 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 23.4% the prior year.
Invesco DB Precious Metals passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Invesco DB Precious Metals generates $0.10 in operating cash flow ($10.9M OCF vs $112.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Invesco DB Precious Metals earns $468.7 in operating income for every $1 of interest expense ($6.5M vs $14K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Invesco DB Precious Metals generated $7.9M in revenue in fiscal year 2025. This represents a decrease of 2.7% from the prior year.
Invesco DB Precious Metals's EBITDA was $5.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.9% from the prior year.
Invesco DB Precious Metals reported $112.6M in net income in fiscal year 2025. This represents an increase of 210.4% from the prior year.
Cash & Balance Sheet
Invesco DB Precious Metals held $0 in cash against $0 in long-term debt as of fiscal year 2025.
Invesco DB Precious Metals had 3M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Invesco DB Precious Metals's operating margin was 82.4% in fiscal year 2025, reflecting core business profitability. This is down 3.4 percentage points from the prior year.
Invesco DB Precious Metals's net profit margin was 1428.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 980.3 percentage points from the prior year.
Invesco DB Precious Metals's ROE was 43.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 20.3 percentage points from the prior year.
Capital Allocation
Invesco DB Precious Metals spent $49.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 12.4% from the prior year.
DBP Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2M+10.3% | $2.0M+5.4% | $1.9M+9.9% | $1.7M-16.8% | $2.1M-4.8% | $2.2M+11.0% | $2.0M+7.4% | $1.8M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $1.8M+7.4% | $1.7M+5.5% | $1.6M+10.3% | $1.4M-18.8% | $1.8M-6.1% | $1.9M+10.7% | $1.7M+7.1% | $1.6M |
| Interest Expense | $3K+18.9% | $3K+3.2% | $3K-52.2% | $5K-50.3% | $11K-39.5% | $18K+33.0% | $14K+81.2% | $7K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $42.0M+22.1% | $34.4M+291.9% | $8.8M-67.9% | $27.3M+1699.1% | -$1.7M-109.5% | $18.0M+66.2% | $10.9M+19.6% | $9.1M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DBP Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $257.7M+16.3% | $221.6M+18.3% | $187.3M-7.8% | $203.3M+30.4% | $155.9M-13.4% | $180.0M+16.0% | $155.1M+5.6% | $146.9M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $150K+22.7% | $122K-58.1% | $292K+160.3% | $112K-89.4% | $1.1M+7.7% | $984K+977.5% | $91K+2.7% | $89K |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $257.5M+16.3% | $221.5M+18.4% | $187.0M-7.9% | $203.2M+31.2% | $154.8M-13.5% | $179.0M+15.5% | $155.0M+5.6% | $146.8M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DBP Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.0M | $0-100.0% | $24.9M+224.3% | -$20.0M-193.2% | $21.5M+461.3% | -$6.0M-321.8% | $2.7M-72.4% | $9.7M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$6.0M | $0+100.0% | -$24.9M-224.3% | $20.0M+193.2% | -$21.5M-461.3% | $6.0M+321.8% | -$2.7M+72.4% | -$9.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $9.8M | $0-100.0% | $32.5M+384.2% | $6.7M-76.6% | $28.7M+369.8% | $6.1M-46.4% | $11.4M+17.1% | $9.7M |
DBP Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 81.0%-2.2pp | 83.1%+0.1pp | 83.0%+0.3pp | 82.8%-2.0pp | 84.8%-1.2pp | 86.0%-0.2pp | 86.2%-0.3pp | 86.5% |
| Net Margin | 1892.6%+182.9pp | 1709.7%+1249.9pp | 459.8%-1113.3pp | 1573.2%+1655.0pp | -81.8%-904.3pp | 822.4%+273.0pp | 549.4%+55.7pp | 493.8% |
| Return on Equity | 16.3%+0.8pp | 15.6%+10.8pp | 4.7%-8.8pp | 13.5%+14.6pp | -1.1%-11.2pp | 10.1%+3.1pp | 7.0%+0.8pp | 6.2% |
| Return on Assets | 16.3%+0.8pp | 15.5%+10.9pp | 4.7%-8.8pp | 13.5%+14.6pp | -1.1%-11.1pp | 10.0%+3.0pp | 7.0%+0.8pp | 6.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.010.0 | 0.010.0 | 0.000.0 | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Invesco DB Precious Metals's annual revenue?
Invesco DB Precious Metals (DBP) reported $7.9M in total revenue for fiscal year 2025. This represents a -2.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Invesco DB Precious Metals's revenue growing?
Invesco DB Precious Metals (DBP) revenue declined by 2.7% year-over-year, from $8.1M to $7.9M in fiscal year 2025.
Is Invesco DB Precious Metals profitable?
Yes, Invesco DB Precious Metals (DBP) reported a net income of $112.6M in fiscal year 2025, with a net profit margin of 1428.2%.
What is Invesco DB Precious Metals's EBITDA?
Invesco DB Precious Metals (DBP) had EBITDA of $5.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Invesco DB Precious Metals's operating margin?
Invesco DB Precious Metals (DBP) had an operating margin of 82.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Invesco DB Precious Metals's net profit margin?
Invesco DB Precious Metals (DBP) had a net profit margin of 1428.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Invesco DB Precious Metals's return on equity (ROE)?
Invesco DB Precious Metals (DBP) has a return on equity of 43.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Invesco DB Precious Metals's operating cash flow?
Invesco DB Precious Metals (DBP) generated $10.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Invesco DB Precious Metals's total assets?
Invesco DB Precious Metals (DBP) had $257.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Invesco DB Precious Metals's debt-to-equity ratio?
Invesco DB Precious Metals (DBP) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Invesco DB Precious Metals's return on assets (ROA)?
Invesco DB Precious Metals (DBP) had a return on assets of 43.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Invesco DB Precious Metals's Piotroski F-Score?
Invesco DB Precious Metals (DBP) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Invesco DB Precious Metals's earnings high quality?
Invesco DB Precious Metals (DBP) has an earnings quality ratio of 0.10x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Invesco DB Precious Metals cover its interest payments?
Invesco DB Precious Metals (DBP) has an interest coverage ratio of 468.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Invesco DB Precious Metals?
Invesco DB Precious Metals (DBP) scores 82 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.