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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adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date.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›SLV

SLV

iShares Silver Trust

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

Avoid
$55.02
▲ +4.44%
$55.02▲ +68.67%
over 1Y
L $32.62H $105.60
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.4%
1W+5.1%
1M-19.1%
3M-16.4%
YTD-16.3%
1Y+68.7%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
C+
Valuation
Fair value
Filings
Watch
Avoid
Conviction
Horizon
Medium (3–12mo)

High return on equity (485.1%); but revenue fell -536.4% YoY.

Revenue (FY2013) -$1.91B · FY2013

iShares Silver Trust shows -$1.91B in FY2013 revenue (-536.4% YoY), a -1112.7% net margin, and 485.1% ROE.

Supporting the case: high return on equity (485.1%); conservative balance sheet (liabilities/equity 0.00x).

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

The options angle

model · matches our verdict
Bear put spread (caution)~60d expiry
  • Long put 55 @ ~4.39 est
  • Short put 50 @ ~2.21 est
debit $218max +$282max −$218BE 52.82

AVOID means we wouldn't engage at all — if expressing the short side anyway, only with capped risk.

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—————
Gross profit—————
Operating income-$71.2M-$56.4M-$53.6M-$63.3M-$95.5M
Net income-$2.11B-$18.0M-$129M$2.17B$21.3B
Diluted EPS—————
Net margin—————

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 yield66.0%
FCF yield—

Quality & risk

ROIC (est.)-1.7%
Free cash flow—
Total debt—
Net cash$0.00
Piotroski F-Score2/6

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+19.8%

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 ↗
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 ↗10-QPeriod ending 2025-03-312025-05-07open ↗424IFiling2025-03-31open ↗10-KPeriod ending 2024-12-312025-02-19open ↗

Quality score

C+
ValueGrowthProfitHealthMom.
Value—
GrowthC
ProfitabilityC
Financial healthA-
MomentumD
  • ✗Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✗Net margin above 10%
  • ✓Return on equity above 15%
33.0052-week105.60
Revenue
-$1.91B
-536.4% YoY
Net margin
-1112.7%
ROE
485.1%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue-$1.91B-536.4%
Net income$21.3B+883.9%
Operating income-$95.5M-51.0%
Cash & equivalents$0.00
Total assets$5.26B-15.7%
Total liabilities$2.34M-14.0%
Stockholders' equity$4.39B-16.5%
Op.: 5.0%L/E: 0.00x

Frequently asked

Is iShares Silver Trust (SLV) a buy?
SLV currently carries a Avoid rating with 3/5 conviction, derived from its latest SEC filings. High return on equity (485.1%); but revenue fell -536.4% YoY.
What is iShares Silver Trust's quality score?
SLV scores 60.50124719968372/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001330568, latest 10-Q filed 2026-05-07) · EODHD · as of 6/17/2026, 10:52:38 PM.

›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 Jun 17, 2026, 6:52 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.

Congressional trades

all activity →

Disclosed under the STOCK Act

2017-01-29Randy NeugebauerSell$1.00K–$15.0KPTR ↗
2016-11-14Randy NeugebauerBuy$1.00K–$15.0KPTR ↗
2016-08-28Randy NeugebauerBuy$1.00K–$15.0KPTR ↗
2016-03-24Randy NeugebauerBuy$1.00K–$15.0KPTR ↗

Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score61 vs 67
Revenue growth-536.4% vs 7.5%
Net margin-1112.7% vs 10.0%
Return on equity485.1% vs 12.0%
P/E— vs 26.2