Shareholder returns
- Dividends have been paid for 4 consecutive years, consuming 43.9% of earnings.
- The dividend has grown 36.0% per year over the past 5 years.
DBC Financials Invesco Db Commodity Index Tracking Fund
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $92M | — | — | 7.6% | 7.5% | — | — | $0 |
| 2024 | — | $22M | — | — | 1.7% | 1.7% | — | — | $9M |
| 2023 | — | -$152M | — | — | -9.0% | -8.9% | — | — | $0 |
| 2022 | — | $552M | — | — | 20.9% | 20.2% | — | — | $0 |
| 2021 | — | $659M | — | — | 25.0% | 24.7% | — | — | $0 |
| 2020 | — | -$128M | — | — | -9.6% | -9.6% | — | — | $8M |
| 2019 | — | $206M | — | — | 14.4% | 14.3% | — | — | — |
| 2018 | — | -$290M | — | — | -15.0% | -14.4% | — | — | — |
| 2017 | — | $71M | — | — | 3.1% | 3.1% | — | — | — |
| 2016 | — | $366M | — | — | 14.3% | 14.3% | — | — | — |
| 2015 | — | -$874M | — | — | -44.0% | -43.5% | — | — | — |
| 2014 | — | -$1.6B | — | — | -39.7% | -32.4% | — | — | — |
| 2013 | — | -$537M | — | — | -9.4% | -7.9% | — | — | — |
| 2012 | — | $142M | — | — | 2.2% | 2.1% | — | — | — |
| 2011 | — | -$233M | — | — | -4.3% | -4.2% | — | — | — |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | -$148M | — | — | -9.4% | -9.3% | — | — | $0 |
| Mar '26 | — | $368M | — | — | 21.8% | 21.4% | — | — | $0 |
| Dec '25 | — | $36M | — | — | 2.9% | 2.9% | — | — | $0 |
| Sep '25 | — | $38M | — | — | 3.0% | 3.0% | — | — | $0 |
| Jun '25 | — | -$51M | — | — | -4.2% | -4.2% | — | — | $0 |
| Mar '25 | — | $69M | — | — | 5.1% | 5.1% | — | — | $0 |
| Dec '24 | — | $12M | — | — | 0.9% | 0.9% | — | — | $9M |
| Sep '24 | — | -$78M | — | — | -5.5% | -5.5% | — | — | $0 |
| Jun '24 | — | $19M | — | — | 1.1% | 1.1% | — | — | $0 |
| Mar '24 | — | $69M | — | — | 4.0% | 4.0% | — | — | $0 |
| Dec '23 | — | -$150M | — | — | -8.9% | -8.8% | — | — | $0 |
| Sep '23 | — | $188M | — | — | 8.7% | 8.5% | — | — | $0 |
| Jun '23 | — | -$95M | — | — | -4.9% | -4.8% | — | — | $0 |
| Mar '23 | — | -$96M | — | — | -4.4% | -4.3% | — | — | $0 |
| Dec '22 | — | $103M | — | — | 3.9% | 3.8% | — | — | $0 |
| Sep '22 | — | -$388M | — | — | -12.8% | -12.2% | — | — | — |
| Jun '22 | — | $73M | — | — | 1.7% | 1.6% | — | — | — |
| Mar '22 | — | $764M | — | — | 18.6% | 18.2% | — | — | $96M |
| Dec '21 | — | $43M | — | — | 1.6% | 1.6% | — | — | $0 |
| Sep '21 | — | $115M | — | — | 4.6% | 4.6% | — | — | — |
Valuation over time
How the market has priced DBC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has risen from 2.5× (Mar '23) to 20.5× (Sep '26).
- The dividend yield has risen from 1.1% (Mar '23) to 2.1% (Sep '26).
P/E
Dividend yield %
Frequently asked questions
Is DBC growing its revenue and profit?
See the revenue and net-income charts above for Invesco Db Commodity Index Tracking Fund's multi-year trend.
How much debt does DBC have?
As of FY2025, Invesco Db Commodity Index Tracking Fund reported — of total debt against $0 of cash.
What is DBC's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is DBC's P/E ratio?
As of Sep '26, Invesco Db Commodity Index Tracking Fund traded at a price-to-earnings ratio of about 20.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.