Invesco DB Commodity Index Tracking Fund (DBC) EV to FCF (2012 - 2026)
Invesco DB Commodity Index Tracking Fund's EV to FCF came in at 44.49 for Q1 2026, compared with 3.41 a year earlier and up 421.4% from the prior quarter.
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Analysis
Invesco DB Commodity Index Tracking Fund (DBC) EV to FCF (2012 - 2026) Analysis & Trends
For FY2025, Invesco DB Commodity Index Tracking Fund's EV to FCF was 8.53, up 184.1% from FY2024.
- Going back by year, EV to FCF was 3.00 in FY2024 (+47.7%), 2.03 in FY2023 (-56.8%) and 4.70 in FY2022.
- The Q1 2026 figure represents the highest quarterly EV to FCF since Q2 2014.
- Year-over-year, EV to FCF increased in five of the last seven quarters, with growth averaging 100.2%.
- The fastest year-over-year change in EV to FCF over five years came in Q2 2024 (growth of 362.7%), and the weakest in Q4 2023 (a decline of 56.8%).
- Business Quant data shows DBC's EV to FCF at 8.53 (Q4 2025), 6.17 (Q3 2025) and 2.58 (Q2 2025) in the three quarters before Q1 2026.
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 44.49 |
| Dec 31, 2025 | 8.53 |
| Sep 30, 2025 | 6.17 |
| Jun 30, 2025 | 2.58 |
| Mar 31, 2025 | 3.41 |
| Dec 31, 2024 | 3.00 |
| Sep 30, 2024 | 2.36 |
| Jun 30, 2024 | 5.11 |
| Mar 31, 2024 | 3.71 |
| Dec 31, 2023 | 2.03 |
| Sep 30, 2023 | 2.30 |
| Jun 30, 2023 | 1.10 |
| Mar 31, 2023 | 1.42 |
| Dec 31, 2022 | 4.70 |
| Sep 30, 2020 | 5.17 |
| Jun 30, 2020 | 1.70 |
| Mar 31, 2020 | 1.19 |
| Dec 31, 2019 | 1.90 |
| Sep 30, 2019 | 1.71 |
| Jun 30, 2019 | 1.41 |
API Access
Invesco DB Commodity Index Tracking Fund EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=DBC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "DBC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=DBC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();