iShares S&P GSCI Commodity-Indexed Trust
GSGdata completeness 38%15 fiscal years on fileData notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'
i. The business — what you’d actually own
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $426,0341 | $22.3M2 | $52.6M3 | $51.3M3 | $42.5M3 |
| Net income | $366M4 | $390.8M5 | −$66.5M6 | $70M6 | $57M6 |
| Operating cash flow | −$206.4M7 | $565.1M8 | $183.8M9 | $69.6M9 | −$58.2M9 |
| Capital expenditure | — | — | — | — | — |
| Free cash flow (derived) | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $41.6M10 | $5.18M10 | — | — | — |
| Diluted shares | — | — | — | — | — |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
iii. Is this a good business?
Moat signal · return on equity
— avg · 5y
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Management signal · capital allocation
— shares · 5y
Not enough history to read capital allocation.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
no diluted share count
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined
Different models answer different questions — which to trust when →
Sources — the receipts
- 10-K · period ending 2021-12-31 · accession 0001437749-24-004673 (Revenues)
- 10-K · period ending 2022-12-31 · accession 0001437749-25-004260 (Revenues)
- 10-K · period ending 2023-12-31 · accession 0001437749-26-006060 (Revenues)
- 10-K · period ending 2021-12-31 · accession 0001437749-24-004673 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001437749-25-004260 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001437749-26-006060 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001437749-24-004673 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001437749-25-004260 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001437749-26-006060 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0001437749-23-004334 (CashAndCashEquivalentsAtCarryingValue)