# Invesco LTD (IVZ) — Stock CV

Invesco LTD is a $13.0B financial services company. Revenue grew 12.2% over the last year, and it currently loses money.

> Invesco provides investment management services to retail (72% of managed assets) and institutional (28%) clients.

## Identity

- **Ticker**: IVZ
- **Sector**: Financial Services
- **Industry**: Investment Advice
- **Headquarters**: ATLANTA, GA
- **Employees**: 7 500
- **Website**: https://www.invesco.com
- **Market cap**: $13.0B
- **Last price**: $29.51
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $6.90B
- **Net income**: -$309M
- **Free cash flow**: $1.92B
- **Net debt**: $788M
- **P/E**: 9.3
- **Revenue growth (YoY)**: 12.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 57 |
| Growth | 0 |
| Profitability | 0 |
| Health | 54 |
| Quality | 65 |
| Moat | 18 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +12.2% YoY
- [ ] Profitable — -$309M TTM
- [ ] Profit growing — -235.0% YoY
- [x] Generates cash — $1.92B TTM
- [x] Debt under control — ~0.4y of cash flow to repay
- [x] Established company — $13.0B market cap
- [x] Not printing shares — -2.3% shares over ~5y
- [x] Proven track record — 8/10 profitable years
- [ ] Financially stable — Altman Z 1.1 — distress
- [x] Pays a dividend — yield 4.19%
- [x] Valuation not extreme — P/E 9.3

## Experience (career milestones)

- **FY2024** — Became debt-free: cash now exceeds total debt
- **FY2021** — Best year on record: $1.39B net income
- **FY2017** — Positive free cash flow every year since: 9-year streak
- **FY2016** — First recorded profitable year: $854M net income
- **FY2016** — Revenue already above $1B: $4.73B in first reported year

## Strengths

- High gross margin (66.0%)
- Revenue growing 12.2% year over year
- Strong cash conversion — FCF is 27.8% of revenue
- Could repay net debt from ~0.4 years of free cash flow
- Interest covered 21.2× by operating earnings

## Watch-outs

- Not profitable — 4.5% net margin
- Altman Z-Score 1.08 — elevated financial-distress risk
- Loss-making in 2 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $6.89B | $1.39B | $969M |
| FY2022 | $6.05B | $684M | $510M |
| FY2023 | $5.72B | -$334M | $1.14B |
| FY2024 | $6.07B | $538M | $1.12B |
| FY2025 | $6.38B | -$726M | $1.44B |

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Source: https://stockcv.com/IVZ — derived from company filings; may be delayed or incomplete. Information, not investment advice.