Invesco Ltd. (IVZ)

FairStock Score: 60/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I view Invesco as a cyclical asset manager with a narrow edge from scale and distribution, not a wide moat. The filed record is uneven. In fiscal 2025, the period ended 2025-12-31, revenue was $6.4B and net income was -$174.8M, or diluted EPS -$1.60. In fiscal 2024, the period ended 2024-12-31, revenue was $6.1B and net income was $538.0M, or diluted EPS $1.18. In fiscal 2023, the period ended 2023-12-31, revenue was $5.7B and net income was -$333.7M, or diluted EPS -$0.73. Recent quarters are better: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $1.8B, net income $338.9M, and diluted EPS $0.76; in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $1.7B, net income $219.1M, and diluted EPS $0.51. Cash generation is the strongest argument: trailing free cash flow was $1.9B, a 15.0% FCF yield on the $12.8B market cap. The balance sheet looks conservative with debt-to-equity of 0.12. At the $28.92 close on 2026-10-13, FairStock shows P/B 1.28, EV/EBITDA 11.60, and a negative P/E of -42.53 because of trailing losses. ROE is -0.57%, ROCE is 2.92%, Piotroski is 7/9, but Altman Z is 1.39. The Lynch category is TURNAROUND — loss in the latest year after earlier profits. I see a fair price for a high-beta, improving but unproven turnaround.

In plain English: Invesco is an investment manager that runs funds and portfolios for individuals and institutions. The business has been uneven—it lost money in fiscal 2025 but returned to profit in recent quarters—and it generates strong cash flow while carrying little debt. At $28.92, the price looks roughly fair versus its current numbers rather than clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer