Invesco Ltd. (IVZ) Key Metrics
IVZ valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $12.45B
- Enterprise value
- $23.74B
- P/E (TTM)
- — 10-yr median 10.5
- Forward P/E
- 9.5
- PEG ratio
- 0.90
- Price / sales
- 1.8 10-yr median 1.4
- Price / book
- 1.4 10-yr median 0.6
- EV / EBITDA
- 14.1 10-yr median 11.2
- Dividend yield
- 3.05% $0.86 a year
- Beta
- 1.63
IVZ key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIVZ valuation Price multiples at each fiscal year-end price.
Price / sales+41.8%
1.9
2025 · hover or tap a bar for each year
20162025
Price / book+77.4%
1.0
2025 · hover or tap a bar for each year
20162025
Price / free cash flow+15.9%
8.3
2025 · hover or tap a bar for each year
20162025
Free cash flow yield−1.9 pts
12.1%
2025 · hover or tap a bar for each year
20162025
IVZ returns How much profit the business earns on the capital it uses.
Return on equity−7.4 pts
−2.1%
2025 · hover or tap a bar for each year
20162025
Return on invested capital−5.6 pts
−2.7%
2025 · hover or tap a bar for each year
20162025
Return on assets−3.8 pts
−1.0%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+4.1 pts
22.6%
2025 · hover or tap a bar for each year
20162025
Asset turnover+8.7%
0.24
2025 · hover or tap a bar for each year
20162025
IVZ per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+6.0%
$14.05
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$0.62
2025 · hover or tap a bar for each year
20162025
Free cash flow per share+29.7%
$3.18
2025 · hover or tap a bar for each year
20162025
Book value per share−15.3%
$26.95
2025 · hover or tap a bar for each year
20162025
Dividends per share−3.5%
$1.28
2025 · hover or tap a bar for each year
20162025
Shares outstanding−0.9%
453.8M
2025 · hover or tap a bar for each year
20162025
IVZ financial health Debt, liquidity and how easily interest is covered.
Debt / equity+54.3%
0.80
2025 · hover or tap a bar for each year
20162025
Net debt+$1.8B
$7.80B
2025 · hover or tap a bar for each year
20162025
Current ratio+282.0%
12.00
2025 · hover or tap a bar for each year
20162025
Interest coverage
-8.4
2025 · hover or tap a bar for each year
20162025
Debt / assets+29.3%
0.36
2025 · hover or tap a bar for each year
20162025
IVZ efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+229 days
283 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding0 days
3 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+229 days
281 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue+0.2 pts
1.3%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF+108.4 pts
169.7%
2025 · hover or tap a bar for each year
20162025
IVZ valuation history
Fiscal year-endToday10-year median
IVZ returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IVZ debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IVZ cash returned to shareholders
DividendsBuybacksFree cash flow
IVZ price vs earnings per share
Share price at year-endEPS (right axis)
IVZ key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $11.92B | $8.00B | $8.14B | $8.27B | $10.71B | $8.06B | $7.92B | $6.91B | $14.98B | $12.22B |
| Enterprise value | $19.73B | $14.05B | $15.25B | $14.98B | $18.07B | $15.47B | $14.90B | $12.73B | $19.34B | $16.66B |
| P/E ratio | — | 10.3 | — | 9.0 | 6.6 | 10.6 | 11.5 | 7.8 | 13.3 | 14.3 |
| Price / sales | 1.9 | 1.3 | 1.4 | 1.4 | 1.6 | 1.3 | 1.3 | 1.3 | 2.9 | 2.6 |
| Price / book | 1.0 | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 0.8 | 1.7 | 1.6 |
| Price / free cash flow | 8.3 | 7.1 | 7.2 | 16.4 | 11.1 | 7.2 | 8.0 | 9.5 | 14.3 | 24.1 |
| Price / operating cash flow | 7.8 | 6.7 | 6.3 | 11.9 | 9.9 | 6.6 | 7.1 | 8.3 | 12.9 | 18.7 |
| EV / sales | 3.1 | 2.3 | 2.7 | 2.5 | 2.6 | 2.5 | 2.4 | 2.4 | 3.7 | 3.5 |
| EV / EBITDA | — | 11.3 | — | 9.8 | 6.5 | 11.0 | 11.6 | 9.2 | 11.8 | 11.9 |
| EV / free cash flow | 13.7 | 12.5 | 13.4 | 29.8 | 18.6 | 13.9 | 15.0 | 17.5 | 18.5 | 32.9 |
| Earnings yield | −2.4% | 9.7% | −4.1% | 11.1% | 15.2% | 9.4% | 8.7% | 12.8% | 7.5% | 7.0% |
| Free cash flow yield | 12.1% | 14.0% | 14.0% | 6.1% | 9.0% | 13.8% | 12.5% | 10.5% | 7.0% | 4.1% |
| Dividend yield | 4.9% | 7.6% | 7.3% | 6.9% | 5.1% | 7.4% | 8.2% | 7.1% | 3.1% | 3.8% |
| Shareholder yield (dividends + buybacks) | 20.5% | 8.6% | 9.6% | 9.9% | 5.7% | 8.0% | 14.2% | 7.9% | 3.6% | 8.1% |
| Share price at fiscal year-end | $26.27 | $17.48 | $17.84 | $17.99 | $23.02 | $17.43 | $17.98 | $16.74 | $36.54 | $30.34 |
| Per share | ||||||||||
| Revenue per share | $14.05 | $13.26 | $12.53 | $13.16 | $14.81 | $13.29 | $13.89 | $12.88 | $12.59 | $11.75 |
| Earnings per share | −$0.62 | $1.69 | −$0.73 | $2.00 | $3.50 | $1.65 | $1.56 | $2.14 | $2.75 | $2.12 |
| Operating cash flow per share | $3.36 | $2.60 | $2.85 | $1.52 | $2.32 | $2.66 | $2.53 | $2.01 | $2.82 | $1.62 |
| Free cash flow per share | $3.18 | $2.45 | $2.49 | $1.10 | $2.08 | $2.41 | $2.25 | $1.76 | $2.55 | $1.26 |
| Cash per share | $4.36 | $3.27 | $4.23 | $3.12 | $4.61 | $3.70 | $3.86 | $4.38 | $6.14 | $5.14 |
| Book value per share | $26.95 | $31.81 | $32.00 | $36.65 | $35.84 | $31.05 | $31.47 | $21.66 | $21.85 | $18.89 |
| Tangible book value per share | −$0.38 | $1.08 | $0.13 | $2.49 | −$14.31 | −$4.02 | −$4.55 | −$0.96 | $1.97 | $0.21 |
| Dividends per share | $1.28 | $1.33 | $1.30 | $1.24 | $1.17 | $1.28 | $1.48 | $1.19 | $1.15 | $1.14 |
| Capex per share | $0.19 | $0.15 | $0.36 | $0.42 | $0.23 | $0.25 | $0.28 | $0.25 | $0.27 | $0.37 |
| Debt per share | $21.56 | $16.49 | $19.83 | $17.74 | $20.41 | $19.71 | $19.70 | $18.51 | $16.77 | $16.15 |
| Shares outstanding | 453.8M | 457.7M | 456.2M | 459.5M | 465.4M | 462.5M | 440.5M | 412.5M | 409.9M | 402.9M |
| Change in shares outstanding | −0.9% | +0.3% | −0.7% | −1.3% | +0.6% | +5.0% | +6.8% | +0.6% | +1.7% | −3.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −2.1% | 5.3% | −2.1% | 5.5% | 10.5% | 5.4% | 6.0% | 9.9% | 13.6% | 10.5% |
| Return on invested capital (ROIC) | −2.7% | 2.9% | −1.5% | 4.1% | 6.2% | 3.3% | 3.4% | 6.7% | 8.2% | 6.3% |
| Return on assets (ROA) | −1.0% | 2.8% | −1.1% | 2.9% | 4.7% | 2.0% | 2.0% | 2.8% | 3.9% | 3.4% |
| Return on tangible assets | −1.9% | 6.0% | −2.3% | 6.5% | 17.4% | 3.8% | 2.9% | 4.1% | 4.8% | 4.7% |
| Free cash flow margin | 22.6% | 18.5% | 19.9% | 8.3% | 14.1% | 18.1% | 16.2% | 13.7% | 20.3% | 10.7% |
| Income quality (OCF / net income) | — | 1.54 | — | 0.76 | 0.66 | 1.62 | 1.62 | 0.94 | 1.03 | 0.77 |
| Financial health | ||||||||||
| Total debt | $9.78B | $7.55B | $9.04B | $8.15B | $9.50B | $9.12B | $8.68B | $7.63B | $6.88B | $6.51B |
| Cash & short-term investments | $1.98B | $1.50B | $1.93B | $1.43B | $2.15B | $1.71B | $1.70B | $1.81B | $2.52B | $2.07B |
| Net debt | $7.80B | $6.05B | $7.11B | $6.72B | $7.35B | $7.41B | $6.98B | $5.83B | $4.36B | $4.44B |
| Debt / equity | 0.80 | 0.52 | 0.62 | 0.48 | 0.57 | 0.63 | 0.63 | 0.85 | 0.77 | 0.85 |
| Debt / assets | 0.36 | 0.28 | 0.31 | 0.27 | 0.29 | 0.25 | 0.22 | 0.25 | 0.22 | 0.25 |
| Net debt / EBITDA | — | 4.87 | — | 4.40 | 2.63 | 5.28 | 5.43 | 4.19 | 2.66 | 3.17 |
| Current ratio | 12.00 | 3.14 | 1.27 | 2.14 | 1.13 | 0.33 | 0.24 | 1.08 | 1.13 | 1.15 |
| Quick ratio | 12.00 | 3.14 | 0.42 | 2.14 | −0.41 | 0.33 | 0.24 | 1.07 | 1.12 | 1.14 |
| Interest coverage | -8.4 | 14.3 | -6.2 | 15.5 | 18.9 | 7.1 | 6.0 | 10.8 | 13.5 | 12.3 |
| Working capital | $9.87B | $1.78B | $608.8M | $765.4M | $254.5M | −$5.90B | −$9.39B | $1.03B | $1.93B | $1.55B |
| Invested capital | $20.04B | $20.61B | $21.71B | $23.56B | $24.03B | $21.77B | $20.84B | $14.77B | $13.31B | $12.05B |
| Tangible asset value | $600.5M | $1.60B | $1.38B | $1.14B | −$6.66B | −$1.20B | −$1.17B | −$397.0M | $806.2M | $83.2M |
| Net current asset value | −$3.32B | −$8.73B | −$10.13B | −$11.48B | −$13.77B | −$18.60B | −$21.68B | −$7.82B | −$6.08B | −$6.39B |
| Graham number | — | $34.81 | — | $40.65 | $53.14 | $33.92 | $33.26 | $32.30 | $36.77 | $30.02 |
| Graham net-net per share | −$12.16 | −$19.68 | −$21.03 | −$23.34 | −$26.35 | −$41.09 | −$50.52 | −$47.26 | −$46.29 | −$37.23 |
| Capital allocation | ||||||||||
| Dividends paid | $581.9M | $608.3M | $594.7M | $571.6M | $544.5M | $594.2M | $652.7M | $490.6M | $471.6M | $460.4M |
| Share buybacks (net) | $1.86B | $79.3M | $187.5M | $244.7M | $60.9M | $47.1M | $469.8M | $51.8M | $63.8M | $535.0M |
| Dividend payout ratio | — | 78.5% | — | 62.1% | 33.4% | 78.0% | 94.8% | 55.6% | 41.8% | 53.9% |
| Dividends + buybacks / free cash flow | 169.7% | 61.3% | 68.8% | 162.2% | 62.5% | 57.5% | 113.1% | 74.7% | 51.2% | 196.6% |
| Capex / revenue | 1.3% | 1.1% | 2.9% | 3.2% | 1.6% | 1.9% | 2.0% | 1.9% | 2.2% | 3.1% |
| Capex / operating cash flow | 5.5% | 5.8% | 12.6% | 27.7% | 10.1% | 9.3% | 11.1% | 12.4% | 9.6% | 22.6% |
| Capex / depreciation | 0.54 | 0.38 | 0.90 | 0.99 | 0.53 | 0.57 | 0.70 | 0.72 | 0.96 | 1.46 |
| Stock-based compensation / revenue | 1.3% | 1.7% | 2.0% | 1.8% | 2.0% | 3.1% | 3.4% | 3.2% | 3.4% | 3.4% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 10.4% | 11.1% | 9.7% | 9.7% | 7.6% | 9.2% | 8.8% | 8.6% | 8.3% | 8.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 283.3 | 54.6 | 54.5 | 33.1 | 29.6 | 60.7 | 57.4 | 84.3 | 101.5 | 99.9 |
| Days of inventory on hand | — | — | 95.0 | 154.4 | 137.3 | 0.0 | — | 14.8 | 14.7 | 15.6 |
| Days payables outstanding | 2.6 | 2.8 | 4.5 | 18.8 | 29.7 | 37.1 | 35.4 | 35.6 | 36.3 | 74.8 |
| Cash conversion cycle (days) | 280.7 | 51.8 | 145.0 | 168.7 | 137.2 | 23.6 | 22.0 | 63.5 | 80.0 | 40.8 |
| Receivables turnover | 1.29 | 6.69 | 6.70 | 11.02 | 12.32 | 6.01 | 6.36 | 4.33 | 3.59 | 3.65 |
| Payables turnover | 142.11 | 130.11 | 81.47 | 19.41 | 12.28 | 9.84 | 10.31 | 10.27 | 10.05 | 4.88 |
| Inventory turnover | — | — | 3.84 | 2.36 | 2.66 | 3,755,500,000.00 | — | 24.67 | 24.75 | 23.32 |
| Asset turnover | 0.24 | 0.22 | 0.19 | 0.19 | 0.20 | 0.16 | 0.17 | 0.17 | 0.18 | 0.19 |
| Average receivables | $4.95B | $907.3M | $853.5M | $549.1M | $559.4M | $1.02B | $962.2M | $1.23B | $1.44B | $1.30B |
| Average payables | $25.5M | $31.1M | $45.5M | $186.1M | $330.7M | $381.8M | $349.4M | $302.2M | $297.2M | $568.7M |
| Average inventory | — | — | $965.8M | $1.53B | $1.53B | $1 | — | $125.8M | $120.7M | $119.0M |
| Intangibles / total assets | 45.8% | 52.1% | 50.3% | 52.8% | 71.4% | 44.4% | 40.3% | 30.1% | 25.7% | 29.3% |
Computed from IVZ's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
IVZ valuation and financial ratios
Invesco earned a return on equity of −2.1% and a return on invested capital of −2.7% in fiscal 2025. It ended the year with $9.8 billion of debt and $2.0 billion in cash and short-term investments, net debt of $7.8 billion. It returned $2.4 billion to shareholders: $581.9 million in dividends and $1.9 billion in share buybacks, 170% of free cash flow. The share count rose 12.6% from 402.9M to 453.8M over 9 years.
See the IVZ income statement, the IVZ chart for price history, or the IVZ stock overview for the latest quote and news.
IVZ key metrics FAQ
What is Invesco's return on equity?
Invesco's return on equity (ROE) was −2.1% in fiscal 2025: net income of -$281.7 million on average shareholders' equity of $13.4 billion.
What is Invesco's ROIC?
Invesco's return on invested capital was −2.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Invesco have?
Invesco had total debt of $9.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.80.
What is Invesco's dividend yield?
Invesco's forward dividend yield is 3.05%. Invesco paid $581.9 million in dividends in fiscal 2025 ($1.28 per share), a payout ratio of —.
Does Invesco buy back its shares?
Yes. Invesco spent $1.9 billion on net share repurchases in fiscal 2025 Shares outstanding changed −0.9% over the year, to 453.8M..
What is Invesco's free cash flow yield?
Invesco generated $1.4 billion of free cash flow in fiscal 2025, a free cash flow yield of 12.1% on its market value at year-end ($11.9 billion).
What is Invesco's current ratio?
Invesco's current ratio was 12.00 at the end of fiscal 2025: current assets were 12.00 times current liabilities.