Invesco DB Commodity Index Tracking Fund (DBC)
The Invesco DB Commodity Index Tracking Fund (DBC) aims to replicate the performance, both positive and negative, of the DBIQ Optimum Yield Diversified Commodity Index Excess Return (DBIQ Opt Yield Diversified Comm Index ER or Index). Beyond merely tracking the index, the Fund also incorporates interest income derived primarily from its holdings of U.S. Treasury securities and money market instruments, offset by the Fund's operating expenses. This Fund is designed to provide investors with an accessible and efficient vehicle for gaining exposure to commodity futures. The underlying Index is a systematic, rules-based benchmark comprising futures contracts on fourteen of the world's most actively traded and economically significant physical commodities. Both the Fund and its corresponding Index undergo annual rebalancing and reconstitution each November. It is crucial to note that this Fund may not be appropriate for all investors. Its speculative nature, involving trading within highly volatile commodity markets, presents substantial risk. The inherent volatility of futures contracts means frequent and significant price fluctuations, which could lead to considerable financial losses. For a comprehensive understanding of these and other potential risks, prospective investors should thoroughly review the "Risk and Other Information" section and the Fund's official Prospectus. Information regarding qualified notices for IRS Section 1446(f) Rule concerning Publicly Traded Partnerships (PTPs), as well as FAQs for Form 1065 Schedule K-3 for Invesco DB Funds, is available through our dedicated ETF tax center.
Sector: Commodity Contracts Brokers & Dealers
Industry: Asset Management
Invesco DB Commodity Index Tracking Fund
NYSE:DBCFinancial Services · Asset Management
PrePre-market-0.15%$31.49
Close$31.540.00%AH$31.54-0.15%Now$31.49
Close$31.54+0.22%AH$31.54-0.15%since
Mkt Cap$1.89B
Float59.85M
O/S59.85M
Inst Own43.4%
Div Yield2.36%
Dilution
Financials Summary
Revenue$51.79M
Net Income$92.46M
Total Assets$1.23B
Free Cash Flow$141.9M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$1.22B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in DBC's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.23B
Liabilities$3.31M
Accounts Receivable$2.43M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $51.79M | $82.59M | $108.13M | $49.93M | $795K | $6.16M | $36.33M | $48.3M | $16.64M | $6.45M | $716K | $1.84M | $3.24M | $4.07M |
| YoY Growth | -37.3% | -23.6% | 116.6% | 6183.0% | -87.1% | -83.1% | -24.8% | 190.3% | 158.0% | 801.0% | -61.1% | -43.2% | -20.3% | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $51.79M | $82.59M | $108.13M | $49.93M | $795K | $6.16M | $36.33M | $48.3M | $16.64M | $6.45M | $716K | $1.84M | $3.24M | $4.07M |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $10.36M | $13.05M | $17.42M | $30.22M | $19.82M | $8.27M | $13.74M | $22.46M | $18.02M | $19.88M | $25.99M | $47.04M | $56.43M | $54.27M |
| Other | $0 | $0 | $0 | -$425 | $430 | $129 | $156.21M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $10.36M | $13.05M | $17.42M | $30.22M | $19.83M | $8.27M | $169.94M | $337.9M | $54.62M | $359.67M | $874.32M | $1.61B | $539.99M | $138.06M |
| Operating Income (EBIT) | $41.43M | $69.54M | $90.71M | $19.71M | -$19.03M | -$2.12M | $22.59M | -$290.01M | $71.59M | $366.15M | -$25.27M | -$1.6B | -$536.6M | -$50.2M |
| Operating Margin | 80.0% | 84.2% | 83.9% | 39.5% | -2394.9% | -34.4% | 62.2% | -600.5% | 430.3% | 5678.5% | -3531.6% | -87124.2% | -16546.4% | -1233.3% |
| Interest Expense | $79K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $12.95M | $0 | $0 | $349K | $37K | $44K | $313K | $782K | $68K | $141K | $277K | $0 | $0 | $0 |
| Other Income (Expense) | $51.03M | -$47.15M | -$242.42M | $532.08M | $677.59M | -$126.29M | $183.37M | -$316.22M | -$401K | $379.4M | -$848.61M | -$56K | -$144K | $192.33M |
| Income Before Tax (EBT) | $92.46M | $22.38M | -$151.71M | $551.79M | $658.56M | -$128.41M | $205.96M | -$290.39M | $71.19M | $365.97M | -$873.88M | -$1.6B | -$536.74M | $142.13M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$376K | -$401K | -$177K | -$316K | -$56K | -$144K | $0 |
| Net Income | $92.46M | $22.38M | -$151.71M | $551.79M | $658.56M | -$128.41M | $205.96M | -$290.39M | $71.19M | $365.97M | -$873.88M | -$1.6B | -$536.74M | $142.13M |
| Net Income Margin | 178.5% | 27.1% | -140.3% | 1105.2% | 82873.9% | -2085.9% | 567.0% | -601.3% | 427.9% | 5675.7% | -122107.9% | -87127.3% | -16550.8% | 3492.1% |
| Supplementary Data | ||||||||||||||
| EPS | 1.28 | 0.42 | -1.51 | 4.07 | 6.06 | -1.28 | 1.75 | -2.00 | 0.80 | 2.48 | -5.05 | -7.21 | -2.11 | 0.89 |
| Diluted EPS | 1.28 | 0.42 | -1.51 | 4.07 | 6.06 | -1.28 | 1.75 | -2.00 | 0.80 | 2.48 | -5.05 | -7.21 | -2.11 | 0.89 |
| Weighted Average OS | 72.03M | 72.03M | 100.47M | 135.57M | 108.67M | 100.32M | 117.69M | 145.19M | 88.98M | 147.57M | 173.05M | 222.47M | 254.38M | 159.70M |
| EBITDA | $0 | $23.18M | -$472 | $552.34M | $658.67M | $421 | $205.64M | $334 | $71.59M | $366.15M | $429 | $142 | -$299 | $50.2M |
| EBITDA Margin | - | 28.1% | -0.0% | 1106.3% | 82887.9% | 0.0% | 566.1% | 0.0% | 430.3% | 5678.5% | 0.1% | 0.0% | -0.0% | 1233.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $0 | $9.31M | -$692.74M | -$1.28B | -$1.81B | -$710.16M | -$517.5M | -$144.94M | -$68M | -$131.03M | $0 | $0 | $0 | $0 |
| Short-Term Investments | $736.93M | $661.27M | $692.74M | $1.28B | $1.81B | $710.16M | $517.5M | $144.94M | $68M | $131.03M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $736.93M | $661.27M | $692.74M | $1.28B | $1.81B | $710.16M | $517.5M | $144.94M | $68M | $131.03M | $0 | $0 | $0 | $0 |
| Accounts Receivable | $2.43M | $2.72M | $3.72M | $4.61M | $37K | $11K | $347K | $268K | $59.98M | $42K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $271.68M | -$654.69M | $789.31M | $1.3B | $660.84M | $451.04M | $671.94M | $1.61B | $1.89B | $2.43B | $2.01B | $4.95B | $6.8B | $6.61B |
| Total Current Assets | $1.01B | $9.31M | $1.49B | $2.59B | $2.47B | $1.16B | $1.19B | $1.76B | $2.01B | $2.56B | $2.01B | $4.95B | $6.8B | $6.61B |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $215.47M | $215.37M | $215.38M | $141.25M | $192.86M | $180.95M | $250.38M | $250.15M | $249.74M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $1.07B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $215.47M | $1.28B | $215.38M | $141.25M | $192.86M | $180.95M | $250.38M | $250.15M | $249.74M | $0 | $0 | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.23B | $1.29B | $1.7B | $2.73B | $2.67B | $1.34B | $1.44B | $2.01B | $2.26B | $2.56B | $2.01B | $4.95B | $6.8B | $6.61B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $898.92M | $1.09B | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18.96M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $252K | $6.72M | $15.9M | $85.19M | $33.69M | $0 | $10.56M | $56.86M | $0 | $0 | $22.46M | $9.89M | $10.36M | $7.26M |
| Total Current Liabilities | $1.07M | $7.62M | $17.12M | $87.1M | $35.55M | $828K | $11.51M | $77.22M | $1.59M | $1.78M | $24M | $911.86M | $1.1B | $7.26M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $2.24M | $0 | $599K | $7.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $2.24M | $0 | $599K | $7.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.31M | $7.62M | $17.72M | $94.49M | $35.55M | $828K | $11.51M | $77.22M | $1.59M | $1.78M | $24M | $911.86M | $1.1B | $7.26M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.22B | $1.28B | $1.68B | $2.64B | $2.63B | $1.34B | $1.43B | $1.93B | $2.26B | $2.56B | $1.99B | $4.04B | $5.7B | $6.61B |
| Retained Earnings | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | -$118 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $1.22B | $1.28B | $1.68B | $2.64B | $2.63B | $1.34B | $1.43B | $1.93B | $2.26B | $2.56B | $1.99B | $4.04B | $5.7B | $6.61B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.23B | $1.29B | $1.7B | $2.73B | $2.67B | $1.34B | $1.44B | $2.01B | $2.26B | $2.56B | $2.01B | $4.95B | $6.8B | $6.61B |
| Supplementary Data | ||||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18.96M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $0 | -$9.31M | $692.74M | $1.28B | $1.81B | $710.16M | $517.5M | $163.9M | $68M | $131.03M | $0 | $0 | $0 | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $92.46M | $22.38M | -$151.71M | $551.79M | $658.56M | -$128.41M | $205.96M | -$290.39M | $71.19M | $365.97M | -$873.88M | -$1.6B | -$536.74M | $142.13M |
| Depreciation & Amortization | $0 | $0 | $151.99M | $0 | $0 | $128.88M | $0 | $290.01M | $0 | $0 | $873.56M | $1.6B | $536.6M | $50.2M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $291K | $993K | $890K | -$4.57M | -$26K | $336K | -$79K | -$174K | -$51K | -$42K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$250.32M | -$20.12M | -$8.93M | -$2.23M | $39.23M | -$24.24M | -$19.65M | $43.34M | -$11.24M | -$8.27M | -$322.44M | -$1.7M | $7.38M | $0 |
| Total Working Capital Change | -$250.03M | -$19.13M | -$8.04M | -$6.8M | $39.21M | -$23.91M | -$19.73M | $43.17M | -$11.29M | -$8.31M | -$322.44M | -$1.7M | $7.38M | $0 |
| Other Non-Cash Items | $299.47M | $428.28M | $816.87M | -$8.5M | -$1.33B | -$10.1M | $542.61M | -$88.18M | $367.21M | -$649.01M | $844.58M | $680.31M | -$125.56M | -$1.13B |
| Net Cash from Operating | $141.9M | $431.54M | $809.1M | $536.49M | -$637.2M | -$33.53M | $728.84M | -$45.39M | $427.1M | -$291.35M | $521.83M | $678.55M | -$118.33M | -$935.33M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$712.82M | -$3.28B | -$6.28B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $712.82M | $3.28B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | -$6.28B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$363.51M | -$562.24M | -$1.1B | -$2.86B | -$1.17B | -$442.31M | -$807.33M | -$1.24B | -$1.07B | -$648.63M | -$1.49B | -$1.18B | -$1.58B | -$750.77M |
| Dividends Paid | -$40.64M | -$993K | -$84.2M | -$16.16M | $0 | $0 | -$22.74M | -$24.58M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $252.94M | $141M | $370.33M | $2.34B | $1.8B | $483.39M | $101.24M | $1.31B | $641.16M | $852.9M | $316.1M | $1.12B | $1.21B | $1.01B |
| Net Cash from Financing | -$151.21M | -$422.23M | -$809.1M | -$536.49M | $629.66M | $41.08M | -$728.84M | $39.45M | -$426.18M | $204.27M | -$1.18B | -$56.04M | -$374.32M | $1.01B |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$9.31M | $9.31M | -$6.28B | $0 | -$7.54M | $7.54M | $0 | -$5.94M | $924K | -$87.08M | -$653.49M | $622.51M | -$492.65M | $73.43M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $141.9M | $431.54M | $809.1M | $536.49M | -$637.2M | -$33.53M | $728.84M | -$45.39M | $427.1M | -$291.35M | $521.83M | $678.55M | -$118.33M | -$935.33M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $141.9M | $431.54M | $809.1M | $536.49M | -$637.2M | -$33.53M | $728.84M | -$45.39M | $427.1M | -$291.35M | $521.83M | $678.55M | -$118.33M | -$935.33M |
| Cash at Beginning | $9.31M | $0 | $0 | $0 | $7.54M | $0 | $0 | $5.94M | $5.02M | $92.09M | $745.59M | $123.07M | $615.72M | $542.29M |
| Cash at End | $0 | $9.31M | -$6.28B | $0 | $0 | $7.54M | $0 | $0 | $5.94M | $5.02M | $92.09M | $745.59M | $123.07M | $615.72M |