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INVESCO DB BASE METALS FUND

DBB Clue Score50
United States Fiscal year ends December CIK 0001383084
$25.04 -0.44% Close, 13 Oct 2026
Price $25.04 +10.85% Close, 13 Oct 2026

Closing prices at the end of each trading day, from 14 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Operating incomeNet income
Fiscal year 2016Operating income−1.0Net income35.7Fiscal year 2017Operating income−0.1Net income71.2 +99.2%Fiscal year 2018Operating income2.7Net income−62.6 −188.0%Fiscal year 2019Operating income2.1Net income−0.7Fiscal year 2020Operating income−0.3Net income20.6Fiscal year 2021Operating income−2.7Net income80.6 +291.8%Fiscal year 2022Operating income2.7Net income−66.0 −181.9%Fiscal year 2023Operating income9.6Net income−6.0Fiscal year 2024Operating income5.9Net income7.5Fiscal year 2025Operating income4.0Net income30.6 +309.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating income −1.0 −0.1 2.7 2.1 −0.3 −2.7 2.7 9.6 5.9 4.0
Net income 35.7 71.2 −62.6 −0.7 20.6 80.6 −66.0 −6.0 7.5 30.6
Growth +99.2% −188.0% +291.8% −181.9% +309.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow−139.3Buybacks−113.7Fiscal year 2017Operating cash flow41.2Buybacks−142.9Fiscal year 2018Operating cash flow88.3Buybacks−226.0Dividends paid−2.6Fiscal year 2019Operating cash flow45.5Buybacks−106.3Dividends paid−2.1Fiscal year 2020Operating cash flow−36.3Buybacks−38.4Fiscal year 2021Operating cash flow−232.8Buybacks−94.0Fiscal year 2022Operating cash flow196.9Buybacks−445.7Dividends paid−2.2Fiscal year 2023Operating cash flow96.3Buybacks−196.1Dividends paid−8.8Fiscal year 2024Operating cash flow16.7Buybacks−154.0Dividends paid−5.8Fiscal year 2025Operating cash flow−55.7Buybacks−59.2Dividends paid−4.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −139.3 41.2 88.3 45.5 −36.3 −232.8 196.9 96.3 16.7 −55.7
Buybacks −113.7 −142.9 −226.0 −106.3 −38.4 −94.0 −445.7 −196.1 −154.0 −59.2
Dividends paid n/a n/a −2.6 −2.1 n/a n/a −2.2 −8.8 −5.8 −4.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securities
Fiscal year 2016Cash and securities0.0Shareholders’ equity284.1Fiscal year 2017Cash and securities0.0Shareholders’ equity314.1Fiscal year 2018Cash and securities0.0Shareholders’ equity160.6Fiscal year 2019Cash and securities0.0Shareholders’ equity117.0Fiscal year 2020Cash and securities0.0Shareholders’ equity173.8Fiscal year 2021Cash and securities0.0Shareholders’ equity487.2Fiscal year 2022Cash and securities2.0Shareholders’ equity224.3Fiscal year 2023Cash and securities0.0Shareholders’ equity121.6Fiscal year 2024Cash and securities0.0Shareholders’ equity112.7Fiscal year 2025Cash and securities3.5Shareholders’ equity202.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and securities 0.0 0.0 0.0 0.0 0.0 0.0 2.0 0.0 0.0 3.5
Shareholders’ equity 284.1 314.1 160.6 117.0 173.8 487.2 224.3 121.6 112.7 202.5

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Returns
12.6% 22.7% −39.0% −0.6% 11.8% 16.5% −29.4% −5.0% 6.6% 15.1%
12.6% 22.6% −29.9% −0.6% 11.8% 16.5% −20.1% −4.7% 6.3% 15.1%
Balance and payout
0.1% 0.3% 23.3% 1.4% 0.1% 0.1% 31.6% 4.3% 5.0% 0.1%
n/a n/a n/a n/a n/a n/a n/a n/a 77.8% 16.2%