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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

TTENK/calls
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Home›Stocks›GSG

GSG

iShares S&P GSCI Commodity-Indexed Trust

Next earnings ≈ Aug 8, 2026 · est. from filing cadence

Sell
$28.37
▼ -0.25%
$28.37▲ +28.37%
over 1Y
L $22.04H $34.77
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-0.2%
1W-1.8%
1M-13.1%
3M-15.2%
YTD+23.0%
1Y+28.4%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
C-
Valuation
Fair value
Filings
Watch
Sell
Conviction
Horizon
Medium (3–12mo)

Strong net margin (133.9%); but revenue fell -17.0% YoY.

Revenue (FY2025) $42.5M · FY2025

iShares S&P GSCI Commodity-Indexed Trust shows $42.5M in FY2025 revenue (-17.0% YoY), a 133.9% net margin, and 7.2% ROE.

Supporting the case: strong net margin (133.9%).

Is GSG a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread~60d expiry
  • Long put 28 @ ~0.71 est
  • Short put 26 @ ~0.16 est
debit $55max +$145max −$55BE 27.45

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$426K$22.3M$52.6M$51.3M$42.5M
Gross profit—————
Operating income-$10.4M$7.52M$43.7M$43.1M$34.3M
Net income$366M$391M-$66.5M$70.0M$57.0M
Diluted EPS—————
Net margin85910.7%1752.0%-126.6%136.6%133.9%

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield4.7%
FCF yield—

Quality & risk

ROIC (est.)3.4%
Free cash flow—
Total debt—
Net cash$5.18M
Piotroski F-Score4/6

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY-7.7%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 10-Q Quarterly report2026-05-07
  2. 8-K Officer / director change2026-03-31
  3. 10-K Annual report2026-02-27
  4. 10-Q Quarterly report2025-11-06
  5. 10-Q Quarterly report2025-08-05
  6. 10-Q Quarterly report2025-05-07
  7. 10-K Annual report2025-02-19
  8. 10-Q Quarterly report2024-11-07
  9. 10-Q Quarterly report2024-08-08

Recent filings

all on EDGAR ↗
424B3Filing2026-05-22open ↗IRANNOTICEFiling2026-05-07open ↗10-QPeriod ending 2026-03-312026-05-07open ↗424IFiling2026-03-31open ↗8-KPeriod ending 2026-03-272026-03-31open ↗10-KPeriod ending 2025-12-312026-02-27open ↗IRANNOTICEFiling2026-02-27open ↗FWPFiling2025-11-13open ↗10-QPeriod ending 2025-09-302025-11-06open ↗10-QPeriod ending 2025-06-302025-08-05open ↗424B3Filing2025-05-23open ↗10-QPeriod ending 2025-03-312025-05-07open ↗

Quality score

C-
ValueGrowthProfitHealthMom.
ValueF
GrowthF
ProfitabilityA-
Financial healthA-
MomentumC-
  • ✗Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✓Net margin above 10%
  • ✗Return on equity above 15%
22.0652-week34.77
Revenue
$42.5M
-17.0% YoY
Net margin
133.9%
ROE
7.2%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$42.5M-17.0%
Net income$57.0M-18.6%
Operating income$34.3M-20.6%
Cash & equivalents$5.18M-87.6%
Total assets$799M-32.1%
Total liabilities$11.8M+103.5%
Stockholders' equity$787M-32.8%
Op.: 80.5%L/E: 0.01x

Frequently asked

Is iShares S&P GSCI Commodity-Indexed Trust (GSG) a buy?
GSG currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Strong net margin (133.9%); but revenue fell -17.0% YoY.
What is iShares S&P GSCI Commodity-Indexed Trust's quality score?
GSG scores 52.19257138304335/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001332174, latest 10-Q filed 2026-05-07) · EODHD · as of 7/5/2026, 1:47:56 AM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 9:47 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Held by tracked funds

Form 13F · SEC · quarterly
Duquesne Family OfficeStanley Druckenmiller643K sh$20.7K

As of each fund’s latest quarterly 13F — a delayed snapshot, not a live position. All tracked funds →

Recent news

market news →
Oil Is Having A Moment — And You're Likely Missing OutBearish
finance.yahoo.com· 2026-05-21
Stanley Druckenmiller Dumps Amazon And Alphabet While Loading Up On Commodities, Argentina And BiotechBullish
finance.yahoo.com· 2026-05-19
Best ETFs for Inflation in 2026: TIPS, Commodities, and BeyondBullish
finance.yahoo.com· 2026-05-15
Best-Performing ETF Areas of MarchBearish
finance.yahoo.com· 2026-04-08
Inflation Risks Likely to Persist: ETFs Worth Watching NowBullish
finance.yahoo.com· 2026-04-07
Oil surge puts energy ETFs at top of 2026 gains
seekingalpha.com· 2026-04-06

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score52 vs 67
Revenue growth-17.0% vs 7.5%
Net margin133.9% vs 10.0%
Return on equity7.2% vs 12.0%
P/E— vs 26.2