GABELLI EQUITY TRUST INC (GAB)
The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States.
Industry: Asset Management
The Gabelli Equity Trust Inc.
NYSE:GABFinancial Services · Asset Management
-2.11%$5.11
AH Close$5.11+0.00%vs close
AH Close$5.11+0.00%vs close
Mkt Cap$1.59B
Float307.65M
O/S311.2M
Inst Own15.7%
SI0.1%
Div Yield11.74%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$191.22M
Net Income$303.18M
Total Assets$2.09B
Free Cash Flow-$4.28M
Debt & Equity
Debt 4%
Equity 85%
Preferred 11%
Total Debt$102.59M
Total Equity$1.98B
Preferred Stock$244.86M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GAB's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.09B
Liabilities$105.42M
Accounts Receivable$3.87M
Accounts Payable$501K
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 | $191.22M | $32.81M | $34.08M | $123.63M | $363M | $30.04M | $337.35M | -$127.72M | $324.96M | $183.09M | $30.54M | $29.69M | $27.55M | $30.89M |
| YoY Growth | 482.9% | -3.7% | -72.4% | -65.9% | 1108.5% | -91.1% | -364.1% | -139.3% | 77.5% | 499.5% | 2.9% | 7.8% | -10.8% | - |
| Cost of Revenue | $21.07M | $0 | $0 | $0 | $23.39M | $0 | $18.89M | $19.28M | $18.72M | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $170.14M | $32.81M | $34.08M | $31.74M | $339.61M | $30.04M | $318.46M | -$147M | $306.23M | $183.09M | $30.54M | $29.69M | $27.55M | $30.89M |
| Gross Margin | 89.0% | 100.0% | 100.0% | 25.7% | 93.6% | 100.0% | 94.4% | 115.1% | 94.2% | 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 | $1.96M | $21.72M | $2.12M | $1.91M | $1.93M | $19.4M | $597K | $1.65M | $1.6M | $1.48M | $17.67M | $18.34M | $17.19M | $15.16M |
| Other | -$139.41M | $0 | $19.75M | $19.49M | $100K | $0 | $109K | -$1.49M | $107K | $131K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$137.45M | $21.72M | $21.86M | $21.4M | $2.03M | $19.4M | $706K | $155K | $1.7M | $1.61M | $115.26M | $52.36M | $411.22M | $164.55M |
| Operating Income (EBIT) | $307.59M | $11.09M | $12.22M | -$194.27M | $360.97M | $10.64M | $336.64M | -$127.87M | $323.25M | $181.48M | $12.88M | $11.35M | $10.36M | $15.73M |
| Operating Margin | 160.9% | 33.8% | 35.9% | -157.1% | 99.4% | 35.4% | 99.8% | 100.1% | 99.5% | 99.1% | 42.2% | 38.2% | 37.6% | 50.9% |
| Interest Expense | $4.6M | $4.49M | $2.92M | $2.91M | $120K | $5K | $16 | $78 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $35.77M | $0 | $2.41M | $788K | $51K | $0 | $572K | $1.75M | $1K | $3K | $110 | $0 | $0 | $0 |
| Other Income (Expense) | -$4.41M | $190.18M | $219.23M | -$4.83M | -$21K | $160.3M | $0 | -$78 | $0 | $166.05M | -$97.59M | $70.71M | $428.41M | $179.71M |
| Income Before Tax (EBT) | $303.18M | $201.26M | $231.45M | -$199.09M | $360.97M | $170.94M | $336.64M | -$127.87M | $323.25M | $181.48M | -$84.72M | $82.06M | $438.77M | $195.43M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | $0 | $15.43M | -$97.59M | $70.71M | $428.41M | $179.71M |
| Net Income | $303.18M | $201.26M | $231.45M | -$199.09M | $360.97M | $170.94M | $336.64M | -$127.87M | $323.25M | $181.48M | -$97.02M | $69.72M | $426M | $181.01M |
| Net Income Margin | 158.6% | 613.5% | 679.1% | -161.0% | 99.4% | 569.1% | 99.8% | 100.1% | 99.5% | 99.1% | -317.7% | 234.8% | 1546.1% | 586.1% |
| Supplementary Data | ||||||||||||||
| EPS | 0.93 | 0.61 | 0.78 | -0.73 | 1.17 | 0.58 | 1.21 | -0.43 | 1.55 | 0.89 | -0.44 | 0.32 | 2.24 | 0.96 |
| Diluted EPS | 0.93 | 0.61 | 0.70 | -0.73 | 1.17 | 0.58 | 1.21 | -0.43 | 1.55 | 0.89 | -0.44 | 0.32 | 2.24 | 0.96 |
| Weighted Average OS | 314.34M | 307.24M | 269.48M | 296.41M | 291.80M | 261.77M | 261.38M | 295.28M | 208.88M | 204.21M | 219.24M | 219.24M | 190.60M | 187.72M |
| EBITDA | $307.79M | $11.09M | $234.34M | -$194.27M | $360.99M | $10.64M | $336.66M | -$127.82M | $323.22M | $181.48M | $0 | $0 | $0 | $0 |
| EBITDA Margin | 161.0% | 33.8% | 687.6% | -157.1% | 99.4% | 35.4% | 99.8% | 100.1% | 99.5% | 99.1% | - | - | - | - |
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 | $553K | $0 | $2.94M | $9K | $563K | $126K | $0 | $5K | $331K | $71K | $0 | $0 | $4K | $7K |
| Short-Term Investments | $63.42M | $30.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $63.97M | $30.38M | $2.94M | $9K | $563K | $126K | $0 | $5K | $331K | $71K | $0 | $0 | $4K | $7K |
| Accounts Receivable | $3.87M | $5.02M | $69.72M | $9.58M | $4.57M | $7.95M | $25.63M | $107.78M | $6.1M | $2.53M | $26.43M | $49.38M | $23.81M | $6.52M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $107.78M | $0 | -$1.33M | $0 | $0 | $0 | $0 |
| Other Current Assets | -$36K | -$5.05M | $41K | -$24K | -$6K | -$37K | -$3K | $12K | $1.97M | $1.33M | $15K | $394K | $15K | $32K |
| Total Current Assets | $67.85M | $30.38M | $72.75M | $9.59M | $5.14M | $8.07M | $25.63M | $107.78M | $6.43M | $2.71M | $26.45M | $49.78M | $23.83M | $6.56M |
| 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 | $2.02B | $1.96B | $1.91B | $1.93B | $2.38B | $1.97B | $1.96B | $1.74B | $2.04B | $1.69B | $1.58B | $1.75B | $1.64B | $1.38B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $455K | $1.96B | $66.24M | $1.94B | $2.39B | $0 | $0 | -$1.74B | -$2.04B | -$1.69B | $102K | $56.71M | $61.12M | -$1.38B |
| Total Long-Term Assets | $2.02B | $1.96B | $1.97B | $1.93B | $2.38B | $1.97B | $1.96B | $1.74B | $2.04B | $1.69B | $1.58B | $1.81B | $1.7B | $1.38B |
| Other Assets | $0 | -$24.92M | -$41K | $372K | $935K | $1.62M | $905K | $114K | $1.88M | $1.31M | $0 | $0 | $0 | $124K |
| Total Assets | $2.09B | $1.96B | $2.05B | $1.94B | $2.39B | $1.98B | $1.99B | $1.85B | $2.05B | $1.7B | $1.61B | $1.86B | $1.73B | $1.39B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $501K | $1.17M | $38.65M | $4.46M | $822K | $2.5M | $16.57M | $105.68M | $3.44M | $1.01M | $21.65M | $36.57M | $11.21M | $0 |
| Short-Term Debt | $0 | $424K | $0 | $0 | $319 | $0 | $0 | $0 | $176 | $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 | $3.44M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $115K | $44.91M | -$1.79M | -$3.77M | -$2.87M | -$3.56M | -$108.04M | -$7.8M | -$4.92M | $2.65M | $3.96M | $4.39M | $4.16M |
| Total Current Liabilities | $2.35M | $3.54M | $44.58M | $4.46M | $1.19M | $5.55M | $16.57M | $105.68M | $3.44M | $1.01M | $24.31M | $40.54M | $15.6M | $4.16M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $102.59M | $98M | $83.33M | $68.55M | $67.85M | $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 | $2.83M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $105.42M | $98M | $83.33M | $68.55M | $67.85M | $5.8M | $20.43M | $108.28M | $176 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $101.83M | $331K | $66.22M | $70.8M | -$5.8M | -$20.43M | -$105.68M | $4.57M | $5.25M | $0 | $0 | $0 | $0 |
| Total Liabilities | $105.42M | $101.83M | $128.24M | $75.15M | $73.17M | $2.5M | $16.57M | $108.28M | $8.01M | $5.25M | $24.31M | $40.54M | $15.6M | $4.16M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $244.86M | $249.74M | $350.37M | $356.5M | $443.64M | $443.64M | $453.82M | $412.91M | $412.91M | $413.33M | $333.67M | $333.87M | $334.23M | $334.51M |
| Common Stock | $765.55M | $777.3M | $808.13M | $860.37M | $925.67M | $806.59M | $851.78M | $847.11M | $848.51M | $667.71M | $671.49M | $703.28M | $556.94M | $551.04M |
| Retained Earnings | $973.4M | $832.72M | $759.57M | $645.82M | $944.98M | $727.61M | $660.41M | $483.5M | -$877K | -$691K | $577.67M | $783.21M | $821.49M | $499.41M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $727.61M | $660.41M | $483.5M | $783.81M | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $244.86M | $249.74M | $350.37M | $356.5M | $443.64M | $443.64M | $453.82M | $412.91M | $1.2B | $1.03B | $333.67M | $333.87M | $334.23M | $334.51M |
| Total Equity | $1.98B | $1.86B | $1.92B | $1.86B | $2.31B | $1.98B | $1.97B | $1.74B | $2.05B | $1.69B | $1.58B | $1.82B | $1.71B | $1.38B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.09B | $1.96B | $2.05B | $1.94B | $2.39B | $1.98B | $1.98B | $1.85B | $2.05B | $1.7B | $1.61B | $1.86B | $1.73B | $1.39B |
| Supplementary Data | ||||||||||||||
| Total Debt | $102.59M | $98.42M | $83.33M | $68.55M | $319 | $0 | $0 | $0 | $176 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | $102.04M | $98.42M | $80.38M | $68.54M | -$563K | -$126K | $0 | -$5K | -$331K | -$71K | $0 | $0 | -$4K | -$7K |
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 | $303.18M | $187.89M | $231.45M | -$215.56M | $342.82M | $170.94M | $336.64M | -$127.87M | $323.25M | $181.48M | -$84.72M | $82.06M | $438.77M | $195.43M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $1.14M | $64.7M | -$60.14M | -$5.05M | $3.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $45K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$572K | $0 | $38.01M | $2.19M | -$1.13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $18K | -$41.56M | $401K | -$1.21M | $738K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $591K | $23.15M | -$21.73M | -$4.03M | $3.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | -$308.06M | $17.22M | -$66.73M | $453.51M | -$407.64M | -$170.94M | -$336.64M | $127.87M | -$323.25M | -$181.48M | $84.72M | -$82.06M | -$438.77M | -$195.43M |
| Net Cash from Operating | -$4.28M | $228.26M | $142.98M | $233.92M | -$61.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | -$213.74M | -$153.61M | -$171.37M | -$188.19M | -$246.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $412.63M | $330M | $341.63M | $320.76M | $329.63M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$176.39M | -$170.26M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $198.89M | $0 | $170.26M | $132.57M | $83.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | $33.95M | -$4.98M | -$9.51M | $86.54M | -$66.78M | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $34.04M | $27.71M | $0 | $697K | $144.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$8.37M | -$76K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$162.83M | -$182.45M | -$149.48M | -$149.45M | -$149.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | -$4.79M | $0 | $86.44M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$162.74M | -$231.2M | -$140.05M | -$235.29M | $61.48M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Forex Effect | -$31.31M | $0 | $8.79M | -$132.57M | -$83.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $553K | -$2.94M | $2.93M | -$1.38M | -$315K | $126K | -$5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$4.28M | $228.26M | $142.98M | $233.92M | -$61.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Capital Expenditure | $0 | -$3 | -$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$4.28M | $228.26M | $142.98M | $233.92M | -$61.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at Beginning | -$67 | $2.94M | $9K | $1.38M | $1.7M | $19 | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $553K | -$67 | $2.94M | $9K | $1.38M | $126K | $19 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |