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A-Mark Precious Metals (AMRK) Financials

A-Mark Precious Metals logo
$23.41 +0.44 (+1.92%)
Closing price 08/29/2025 04:00 PM Eastern
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$23.40 -0.01 (-0.04%)
As of 08/29/2025 04:20 PM Eastern
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Annual Income Statements for A-Mark Precious Metals

Annual Income Statements for A-Mark Precious Metals

This table shows A-Mark Precious Metals' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 6/30/2022 6/30/2023 6/30/2024
Net Income / (Loss) Attributable to Common Shareholders		 133 156 69
Consolidated Net Income / (Loss)		 133 157 69
Net Income / (Loss) Continuing Operations		 133 157 69
Total Pre-Tax Income 		166 203 83
Total Revenue		 8,166 9,290 9,687
Net Interest Income / (Expense)		 -0.19 -9.30 -12
Total Interest Income		 22 22 27
Investment Securities Interest Income		 22 22 27
Total Interest Expense		 22 32 40
Long-Term Debt Interest Expense		 22 32 40
Total Non-Interest Income		 8,166 9,299 9,699
Other Non-Interest Income		 8,159 9,287 9,699
Total Non-Interest Expense		 8,002 9,089 9,627
Other Operating Expenses		 7,974 9,077 9,616
Depreciation Expense		 27 13 11
Other Special Charges		 0.10 -0.37 -0.30
Nonoperating Income / (Expense), net		 1.95 2.66 23
Income Tax Expense		 33 46 14
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.54 0.41 0.49
Basic Earnings per Share		 $5.81 $6.68 $2.97
Weighted Average Basic Shares Outstanding		 22.81M 23.40M 23.09M
Diluted Earnings per Share		 $5.45 $6.34 $2.84
Weighted Average Diluted Shares Outstanding		 24.33M 24.65M 24.12M
Weighted Average Basic & Diluted Shares Outstanding		 23.38M 23.34M 22.95M

Quarterly Income Statements for A-Mark Precious Metals

This table shows A-Mark Precious Metals' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 3/31/2022 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 37 37 45 33 36 42 19 14 5.01 8.98 6.56
Consolidated Net Income / (Loss)		 38 37 45 34 36 42 19 14 5.15 8.42 5.97
Net Income / (Loss) Continuing Operations		 38 37 45 34 36 42 19 14 5.15 8.42 5.97
Total Pre-Tax Income 		46 47 58 43 46 56 24 18 6.44 10 8.02
Total Revenue		 2,111 2,092 1,902 1,952 2,314 3,122 2,484 2,076 2,607 2,713 2,736
Net Interest Income / (Expense)		 -0.09 -0.02 -1.03 -2.25 -3.15 -2.86 -3.72 -3.86 -3.23 -2.90 -3.57
Total Interest Income		 5.34 5.68 5.10 4.98 6.09 6.06 6.10 6.31 6.68 7.09 6.79
Investment Securities Interest Income		 5.34 5.68 5.10 4.98 6.09 6.06 6.10 6.31 6.68 7.09 6.79
Total Interest Expense		 5.43 5.70 6.13 7.24 9.24 8.93 9.82 10 9.91 9.99 10
Long-Term Debt Interest Expense		 5.43 5.70 6.13 7.24 9.24 8.93 9.82 10 9.91 9.99 10
Total Non-Interest Income		 2,111 2,092 1,903 1,954 2,317 3,125 2,487 2,080 2,610 2,716 2,740
Net Realized & Unrealized Capital Gains on Investments		 1.61 2.59 2.68 4.67 -0.07 5.30 2.71 0.78 -0.21 0.58 -2.41
Other Non-Interest Income		 2,109 2,090 1,900 1,950 2,317 3,119 2,485 2,079 2,611 2,715 2,742
Total Non-Interest Expense		 2,065 2,046 1,845 1,910 2,269 3,066 2,460 2,058 2,602 2,703 2,729
Other Operating Expenses		 2,058 2,043 1,842 1,907 2,265 3,064 2,457 2,055 2,599 2,698 2,723
Depreciation Expense		 7.55 3.22 3.18 3.26 3.34 2.74 2.79 2.81 2.95 4.71 4.64
Other Special Charges		 -0.36 0.46 -0.21 -0.00 -0.04 -0.12 0.09 -0.11 -0.07 -0.18 0.84
Nonoperating Income / (Expense), net		 - - 0.53 0.83 0.64 0.66 0.27 0.57 0.76 0.20 0.46
Income Tax Expense		 8.38 9.54 13 9.55 9.78 14 4.95 4.47 1.29 1.76 2.04
Other Gains / (Losses), net		 0.00 - - - - - 0.00 0.00 - 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.16 0.13 0.11 0.12 0.08 0.10 0.16 0.20 0.14 -0.57 -0.58
Basic Earnings per Share		 $1.64 $1.64 $1.93 $1.43 $1.53 $1.79 $0.81 $0.60 $0.22 $0.39 $0.28
Weighted Average Basic Shares Outstanding		 22.86M 22.81M 23.40M 23.49M 23.42M 23.40M 23.36M 23.08M 22.85M 23.03M 23.16M
Diluted Earnings per Share		 $1.53 $1.64 $1.83 $1.35 $1.46 $1.79 $0.77 $0.57 $0.21 $0.37 $0.27
Weighted Average Diluted Shares Outstanding		 24.43M 24.33M 24.69M 24.73M 24.66M 24.65M 24.53M 24.06M 23.82M 23.98M 23.97M
Weighted Average Basic & Diluted Shares Outstanding		 11.51M 23.38M 23.45M 23.53M 23.26M 23.34M 22.85M - 22.89M 23.18M 23.02M

Annual Cash Flow Statements for A-Mark Precious Metals

This table details how cash moves in and out of A-Mark Precious Metals' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 6/30/2022 6/30/2023 6/30/2024
Net Change in Cash & Equivalents		 -64 1.54 9.32
Net Cash From Operating Activities		 -89 -30 61
Net Cash From Continuing Operating Activities		 -89 -30 61
Net Income / (Loss) Continuing Operations		 133 157 69
Consolidated Net Income / (Loss)		 133 157 69
Depreciation Expense		 27 13 11
Amortization Expense		 2.65 2.11 2.45
Non-Cash Adjustments to Reconcile Net Income		 -2.87 -9.58 -18
Changes in Operating Assets and Liabilities, net		 -249 -192 -3.63
Net Cash From Investing Activities		 -61 6.84 -64
Net Cash From Continuing Investing Activities		 -61 6.84 -64
Purchase of Property, Leasehold Improvements and Equipment		 -2.88 -4.78 -7.26
Purchase of Investment Securities		 -57 11 -55
Sale and/or Maturity of Investments		 -0.40 0.31 -1.35
Net Cash From Financing Activities		 86 25 12
Net Cash From Continuing Financing Activities		 86 25 12
Issuance of Debt		 0.00 3.50 3.45
Repayment of Debt		 25 17 -88
Repurchase of Common Equity		 0.00 -9.76 -22
Payment of Dividends		 -23 -37 -42
Other Financing Activities, Net		 84 52 161
Cash Interest Paid		 21 29 34
Cash Income Taxes Paid		 43 44 18

Quarterly Cash Flow Statements for A-Mark Precious Metals

This table details how cash moves in and out of A-Mark Precious Metals' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 3/31/2022 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 9.20 9.23 27 7.86 5.60 -39 8.93 -20 13 -1.71 -9.16
Net Cash From Operating Activities		 -114 -13 280 -328 92 -74 -44 -57 83 -128 110
Net Cash From Continuing Operating Activities		 -114 -13 280 -328 92 -74 -44 -57 83 -128 110
Net Income / (Loss) Continuing Operations		 38 37 45 34 36 42 19 14 31 8.42 5.97
Consolidated Net Income / (Loss)		 38 37 45 34 36 42 19 14 31 8.42 5.97
Depreciation Expense		 7.55 3.22 3.18 3.26 3.34 2.74 2.79 2.81 2.85 4.71 4.64
Amortization Expense		 0.53 0.56 0.55 0.59 0.49 0.49 0.52 0.69 0.62 0.67 1.02
Non-Cash Adjustments to Reconcile Net Income		 -67 -0.22 -1.63 18 -22 -4.21 -1.43 -0.48 -17 1.00 1.26
Changes in Operating Assets and Liabilities, net		 -93 -54 232 -384 74 -115 -65 -74 65 -142 97
Net Cash From Investing Activities		 -16 -20 37 -22 0.01 -8.25 -0.43 -10 -5.09 15 -4.98
Net Cash From Continuing Investing Activities		 -16 -20 37 -22 0.01 -8.25 -0.43 -10 -5.09 15 -4.98
Purchase of Property, Leasehold Improvements and Equipment		 -0.48 -0.77 -0.93 -1.74 -0.57 -1.56 -1.89 -1.94 -2.74 -0.61 -3.70
Purchase of Investment Securities		 -32 -19 38 -20 0.58 -7.01 1.46 -7.45 -1.49 16 -4.05
Sale and/or Maturity of Investments		 - - - - - - 0.00 -0.85 - 0.09 2.77
Net Cash From Financing Activities		 139 43 -290 358 -86 43 54 48 -64 110 -114
Net Cash From Continuing Financing Activities		 139 43 -290 358 -86 43 54 48 -64 110 -114
Issuance of Debt		 25 - 3.89 - - -0.39 584 462 - 542 429
Repayment of Debt		 70 -41 -152 182 -17 4.17 -552 -526 -45 -454 -544
Repurchase of Common Equity		 - - 0.00 - - - -4.90 -12 - 0.00 -5.12
Payment of Dividends		 - -0.01 -23 -4.69 -4.71 -4.67 -28 -4.65 -4.58 -4.63 -4.64
Other Financing Activities, Net		 44 84 -118 181 -54 44 54 129 -14 27 10
Cash Interest Paid		 4.57 5.33 5.77 8.25 6.81 7.96 8.49 8.05 9.01 11 8.85
Cash Income Taxes Paid		 11 9.56 2.97 22 8.79 11 3.12 9.10 1.65 2.93 4.41

Annual Balance Sheets for A-Mark Precious Metals

This table presents A-Mark Precious Metals' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 6/30/2022 6/30/2023 6/30/2024
Total Assets		 1,443 1,546 1,828
Cash and Due from Banks		 38 39 49
Trading Account Securities		 80 26 22
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Premises and Equipment, Net		 9.85 13 20
Goodwill		 101 101 200
Intangible Assets		 68 63 102
Other Assets		 1,146 1,305 1,435
Total Liabilities & Shareholders' Equity		 1,443 1,546 1,828
Total Liabilities		 952 945 1,166
Short-Term Debt		 281 378 59
Accrued Interest Payable		 22 20 17
Other Short-Term Payables		 534 525 808
Long-Term Debt		 94 0.00 249
Other Long-Term Liabilities		 21 21 33
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 490 600 662
Total Preferred & Common Equity		 489 599 608
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 489 599 608
Common Stock		 167 169 169
Retained Earnings		 322 441 467
Treasury Stock		 0.00 -9.76 -28
Accumulated Other Comprehensive Income / (Loss)		 0.00 -1.03 0.06
Noncontrolling Interest		 1.86 1.27 54

Quarterly Balance Sheets for A-Mark Precious Metals

This table presents A-Mark Precious Metals' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 3/31/2022 9/30/2022 12/31/2022 3/31/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024
Total Assets		 1,347 1,240 1,582 1,593 1,624 1,669 2,029 1,869
Cash and Due from Banks		 29 65 72 78 28 35 47 38
Trading Account Securities		 87 49 57 24 20 13 27 19
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 9.54 10 12 11 15 16 20 24
Goodwill		 101 101 101 101 101 121 200 200
Intangible Assets		 71 65 67 64 58 75 98 94
Other Assets		 1,049 950 1,273 1,314 1,402 1,409 1,637 1,494
Total Liabilities & Shareholders' Equity		 1,347 1,240 1,582 1,593 1,624 1,669 2,029 1,869
Total Liabilities		 903 735 1,043 1,031 1,038 1,082 1,364 1,204
Short-Term Debt		 349 158 382 361 38 36 57 53
Accrued Interest Payable		 21 18 14 20 12 17 17 16
Other Short-Term Payables		 417 440 624 629 669 712 915 876
Long-Term Debt		 94 98 1.75 1.75 298 294 341 229
Other Long-Term Liabilities		 21 21 21 20 21 24 34 30
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 443 506 540 562 585 587 665 666
Total Preferred & Common Equity		 442 505 538 561 584 583 611 613
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 442 505 538 561 584 583 611 613
Common Stock		 157 166 167 168 171 172 173 173
Retained Earnings		 285 339 372 403 440 440 467 473
Treasury Stock		 - - - -9.76 -27 -28 -28 -33
Accumulated Other Comprehensive Income / (Loss)		 - 0.05 -1.05 -1.23 -0.96 -0.90 0.17 0.05
Noncontrolling Interest		 1.73 0.97 1.09 1.17 1.62 3.83 54 53

Annual Metrics And Ratios for A-Mark Precious Metals

This table displays calculated financial ratios and metrics derived from A-Mark Precious Metals' official financial filings.

Metric 2022 2023 2024
Period end date 6/30/2022 6/30/2023 6/30/2024
Growth Metrics		 - - -
Revenue Growth		 7.28% 13.76% 4.27%
EBITDA Growth		 19.40% 10.66% -65.68%
EBIT Growth		 9.74% 21.92% -70.08%
NOPAT Growth		 5.14% 17.64% -67.66%
Net Income Growth		 -17.30% 17.80% -55.97%
EPS Growth		 -38.76% 16.33% -55.21%
Operating Cash Flow Growth		 -69.34% 65.99% 300.95%
Free Cash Flow Firm Growth		 109.44% 274.65% 41.86%
Invested Capital Growth		 16.17% 13.09% -0.89%
Revenue Q/Q Growth		 -0.88% 12.46% 0.00%
EBITDA Q/Q Growth		 -3.66% 4.43% 0.00%
EBIT Q/Q Growth		 -1.43% 5.07% 0.00%
NOPAT Q/Q Growth		 -10.34% 1.58% 0.00%
Net Income Q/Q Growth		 -9.27% 2.93% 0.00%
EPS Q/Q Growth		 -14.84% -2.16% 0.00%
Operating Cash Flow Q/Q Growth		 -429.12% -201.81% 163.81%
Free Cash Flow Firm Q/Q Growth		 125.99% -63.82% 0.00%
Invested Capital Q/Q Growth		 -2.39% 5.88% 0.00%
Profitability Metrics		 - - -
EBITDA Margin		 2.38% 2.32% 0.76%
EBIT Margin		 2.01% 2.16% 0.62%
Profit (Net Income) Margin		 1.63% 1.69% 0.71%
Tax Burden Percent		 79.97% 77.16% 83.40%
Interest Burden Percent		 101.19% 101.33% 137.98%
Effective Tax Rate		 20.03% 22.84% 16.60%
Return on Invested Capital (ROIC)		 16.33% 16.78% 5.13%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.75% 17.32% 10.67%
Return on Net Nonoperating Assets (RNNOA)		 14.82% 11.96% 5.80%
Return on Equity (ROE)		 31.15% 28.74% 10.94%
Cash Return on Invested Capital (CROIC)		 1.37% 4.49% 6.03%
Operating Return on Assets (OROA)		 12.49% 13.42% 3.56%
Return on Assets (ROA)		 10.10% 10.49% 4.09%
Return on Common Equity (ROCE)		 31.04% 28.66% 10.46%
Return on Equity Simple (ROE_SIMPLE)		 27.24% 26.17% 11.36%
Net Operating Profit after Tax (NOPAT)		 132 155 50
NOPAT Margin		 1.61% 1.67% 0.52%
Net Nonoperating Expense Percent (NNEP)		 -0.41% -0.55% -5.54%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 97.99% 97.84% 99.38%
Earnings before Interest and Taxes (EBIT)		 164 201 60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 194 215 74
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.36 1.37 1.21
Price to Tangible Book Value (P/TBV)		 2.08 1.89 2.41
Price to Revenue (P/Rev)		 0.08 0.09 0.08
Price to Earnings (P/E)		 5.02 5.26 10.75
Dividend Yield		 0.00% 4.53% 5.59%
Earnings Yield		 19.91% 19.02% 9.30%
Enterprise Value to Invested Capital (EV/IC)		 1.16 1.19 1.08
Enterprise Value to Revenue (EV/Rev)		 0.12 0.13 0.11
Enterprise Value to EBITDA (EV/EBITDA)		 5.17 5.40 14.23
Enterprise Value to EBIT (EV/EBIT)		 6.11 5.80 17.52
Enterprise Value to NOPAT (EV/NOPAT)		 7.64 7.51 21.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 17.25
Enterprise Value to Free Cash Flow (EV/FCFF)		 90.88 28.06 17.88
Leverage & Solvency		 - - -
Debt to Equity		 0.76 0.63 0.47
Long-Term Debt to Equity		 0.19 0.00 0.38
Financial Leverage		 0.88 0.69 0.54
Leverage Ratio		 3.08 2.74 2.67
Compound Leverage Factor		 3.12 2.78 3.69
Debt to Total Capital		 43.33% 38.66% 31.77%
Short-Term Debt to Total Capital		 32.46% 38.66% 6.10%
Long-Term Debt to Total Capital		 10.87% 0.00% 25.67%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.22% 0.13% 5.59%
Common Equity to Total Capital		 56.46% 61.21% 62.64%
Debt to EBITDA		 1.93 1.76 4.17
Net Debt to EBITDA		 1.73 1.58 3.52
Long-Term Debt to EBITDA		 0.48 0.00 3.37
Debt to NOPAT		 2.85 2.45 6.16
Net Debt to NOPAT		 2.56 2.19 5.19
Long-Term Debt to NOPAT		 0.72 0.00 4.98
Noncontrolling Interest Sharing Ratio		 0.37% 0.29% 4.40%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 11 41 59
Operating Cash Flow to CapEx		 -3,097.12% -633.97% 839.77%
Free Cash Flow to Firm to Interest Expense		 0.50 1.31 1.49
Operating Cash Flow to Interest Expense		 -4.05 -0.96 1.54
Operating Cash Flow Less CapEx to Interest Expense		 -4.19 -1.11 1.36
Efficiency Ratios		 - - -
Asset Turnover		 6.20 6.22 5.74
Fixed Asset Turnover		 885.01 831.01 591.08
Capital & Investment Metrics		 - - -
Invested Capital		 865 979 970
Invested Capital Turnover		 10.14 10.07 9.94
Increase / (Decrease) in Invested Capital		 120 113 -8.73
Enterprise Value (EV)		 1,005 1,162 1,051
Market Capitalization		 666 822 737
Book Value per Share		 $42.44 $25.76 $26.54
Tangible Book Value per Share		 $27.77 $18.72 $13.37
Total Capital		 865 979 970
Total Debt		 375 378 308
Total Long-Term Debt		 94 0.00 249
Net Debt		 337 339 260
Capital Expenditures (CapEx)		 2.88 4.78 7.26
Net Nonoperating Expense (NNE)		 -1.56 -2.05 -19
Net Nonoperating Obligations (NNO)		 375 378 308
Total Depreciation and Amortization (D&A)		 30 15 14
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $5.81 $6.68 $2.97
Adjusted Weighted Average Basic Shares Outstanding		 22.81M 23.40M 23.09M
Adjusted Diluted Earnings per Share		 $5.45 $6.34 $2.84
Adjusted Weighted Average Diluted Shares Outstanding		 24.33M 24.65M 24.12M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 23.38M 23.34M 22.95M
Normalized Net Operating Profit after Tax (NOPAT)		 132 154 50
Normalized NOPAT Margin		 1.61% 1.66% 0.51%
Pre Tax Income Margin		 2.04% 2.19% 0.85%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 7.48 6.36 1.52
NOPAT to Interest Expense		 5.98 4.91 1.27
EBIT Less CapEx to Interest Expense		 7.35 6.21 1.33
NOPAT Less CapEx to Interest Expense		 5.85 4.76 1.08
Payout Ratios		 - - -
Dividend Payout Ratio		 17.02% 23.90% 60.62%
Augmented Payout Ratio		 17.02% 30.13% 92.93%

Quarterly Metrics And Ratios for A-Mark Precious Metals

This table displays calculated financial ratios and metrics derived from A-Mark Precious Metals' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 3/31/2022 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.64% -3.35% -5.63% 0.24% 9.63% 49.20% 30.58% 6.33% 12.68% 9.23% 31.83%
EBITDA Growth		 -13.35% -12.95% 48.50% -6.76% -9.33% 18.36% -55.94% -53.72% -82.38% -43.11% -38.17%
EBIT Growth		 -23.64% -4.93% 77.50% 5.10% -1.72% 21.09% -58.84% -57.79% -87.42% -57.85% -57.70%
NOPAT Growth		 -29.57% -2.74% 73.76% 4.27% -5.47% 10.60% -58.13% -58.94% -87.20% -56.03% -58.39%
Net Income Growth		 -51.20% -26.63% 73.16% 5.19% -4.12% 11.92% -58.04% -58.45% -85.68% -55.66% -57.21%
EPS Growth		 -51.20% -46.41% 69.44% 3.85% -4.58% 9.15% -57.92% -57.78% -85.62% -51.95% -52.63%
Operating Cash Flow Growth		 -318.31% -113.10% 500.99% -403.09% 180.33% -446.43% -115.83% 82.51% 0.00% -188.12% 291.74%
Free Cash Flow Firm Growth		 -35.69% 59.26% 117.95% 10.66% 98.47% 13.42% -690.45% 701.76% 627.28% 5.77% -200.55%
Invested Capital Growth		 27.13% 16.17% 2.83% 25.68% 4.26% 13.09% 20.97% 0.00% -0.83% 15.31% 0.00%
Revenue Q/Q Growth		 8.38% -0.87% -9.10% 2.64% 18.53% 34.91% -20.44% -16.42% 0.00% 0.00% 0.87%
EBITDA Q/Q Growth		 9.07% -7.99% 23.21% -24.60% 6.07% 20.11% -54.13% -20.81% 0.00% 0.00% -13.93%
EBIT Q/Q Growth		 14.06% -0.05% 25.23% -26.39% 6.66% 23.15% -57.43% -24.52% 0.00% 0.00% -24.25%
NOPAT Q/Q Growth		 18.82% -0.20% 19.63% -26.50% 7.73% 16.76% -54.72% -27.90% 0.00% 0.00% -31.77%
Net Income Q/Q Growth		 17.56% -0.20% 20.73% -25.73% 7.15% 16.50% -54.73% -26.46% 0.00% 0.00% -29.03%
EPS Q/Q Growth		 17.56% 7.19% 11.59% -26.23% 8.15% 22.60% -56.98% -25.97% 0.00% 0.00% -27.03%
Operating Cash Flow Q/Q Growth		 -205.51% 88.21% 2,176.81% -217.35% 127.97% -180.17% 39.84% -29.69% 0.00% -253.93% 186.31%
Free Cash Flow Firm Q/Q Growth		 12.96% 45.28% 128.77% -752.06% 98.51% -3,002.29% -96.19% 764.56% 0.00% 0.00% -609.12%
Invested Capital Q/Q Growth		 20.68% -2.39% -11.98% 21.20% 0.12% 5.88% -5.85% -100.00% 0.00% 0.00% -10.82%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 2.56% 2.37% 3.22% 2.36% 2.12% 1.88% 1.09% 1.03% 0.33% 0.57% 0.48%
EBIT Margin		 2.18% 2.19% 3.02% 2.17% 1.95% 1.78% 0.95% 0.86% 0.22% 0.37% 0.28%
Profit (Net Income) Margin		 1.78% 1.79% 2.38% 1.72% 1.56% 1.34% 0.76% 0.67% 0.20% 0.31% 0.22%
Tax Burden Percent		 81.76% 79.70% 77.98% 77.87% 78.64% 74.57% 79.31% 75.76% 80.03% 82.75% 74.53%
Interest Burden Percent		 100.00% 102.42% 100.92% 101.97% 101.42% 101.19% 101.15% 103.19% 113.44% 102.01% 106.10%
Effective Tax Rate		 18.24% 20.30% 22.02% 22.13% 21.36% 25.43% 20.69% 24.24% 19.97% 17.25% 25.47%
Return on Invested Capital (ROIC)		 18.50% 18.16% 25.26% 16.40% 13.99% 13.37% 8.86% 0.00% 0.00% 3.04% 4.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 18.50% 18.16% 25.39% 16.59% 14.12% 13.51% 8.94% 0.00% 0.00% 3.09% 4.84%
Return on Net Nonoperating Assets (RNNOA)		 20.21% 16.07% 18.09% 12.53% 11.31% 9.33% 4.85% 0.00% 0.00% 1.81% 2.05%
Return on Equity (ROE)		 38.71% 34.23% 43.35% 28.94% 25.30% 22.70% 13.71% 0.00% 0.00% 4.85% 6.64%
Cash Return on Invested Capital (CROIC)		 -5.37% 1.37% 17.25% -4.43% 12.64% 4.49% -3.69% 0.00% 0.00% -10.27% -193.45%
Operating Return on Assets (OROA)		 13.90% 13.60% 19.56% 12.85% 10.96% 11.07% 6.57% 0.00% 0.00% 2.00% 1.56%
Return on Assets (ROA)		 11.36% 11.10% 15.40% 10.20% 8.74% 8.35% 5.27% 0.00% 0.00% 1.68% 1.24%
Return on Common Equity (ROCE)		 38.36% 34.10% 43.23% 28.86% 25.23% 22.64% 13.68% 0.00% 0.00% 4.64% 6.11%
Return on Equity Simple (ROE_SIMPLE)		 33.20% 0.00% 30.14% 28.57% 27.15% 0.00% 22.36% 0.00% 0.00% 9.57% 8.24%
Net Operating Profit after Tax (NOPAT)		 38 37 45 33 35 41 19 14 4.54 8.25 5.63
NOPAT Margin		 1.78% 1.79% 2.36% 1.69% 1.53% 1.33% 0.76% 0.65% 0.17% 0.30% 0.21%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -0.13% -0.18% -0.13% -0.13% -0.07% 0.00% -0.18% -0.05% -0.24%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 97.82% 97.81% 96.98% 97.83% 98.05% 98.22% 99.05% 99.14% 99.78% 99.63% 99.72%
Earnings before Interest and Taxes (EBIT)		 46 46 57 42 45 56 24 18 5.68 9.97 7.56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 54 50 61 46 49 59 27 21 8.63 15 13
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.79 1.36 1.22 1.40 1.36 1.37 1.14 0.00 1.19 1.65 1.03
Price to Tangible Book Value (P/TBV)		 2.93 2.08 1.82 2.03 1.93 1.89 1.57 0.00 1.79 3.22 1.98
Price to Revenue (P/Rev)		 0.10 0.08 0.08 0.09 0.09 0.09 0.07 0.07 0.00 0.10 0.06
Price to Earnings (P/E)		 5.41 5.02 4.06 4.90 5.04 5.26 5.11 6.18 0.00 17.19 12.25
Dividend Yield		 5.05% 0.00% 7.60% 3.74% 4.30% 4.53% 6.32% 6.13% 5.93% 4.10% 2.94%
Earnings Yield		 18.49% 19.91% 24.63% 20.40% 19.84% 19.02% 19.56% 16.19% 0.00% 5.82% 8.17%
Enterprise Value to Invested Capital (EV/IC)		 1.36 1.16 1.06 1.15 1.14 1.19 1.06 0.00 1.08 1.33 0.98
Enterprise Value to Revenue (EV/Rev)		 0.15 0.12 0.10 0.13 0.13 0.13 0.10 0.00 0.00 0.14 0.09
Enterprise Value to EBITDA (EV/EBITDA)		 5.98 5.17 3.77 5.04 5.10 5.40 5.38 0.00 0.00 22.72 17.16
Enterprise Value to EBIT (EV/EBIT)		 7.24 6.11 4.26 5.55 5.51 5.80 5.84 0.00 0.00 30.52 25.77
Enterprise Value to NOPAT (EV/NOPAT)		 8.23 7.64 5.37 7.00 6.90 7.51 7.57 0.00 0.00 36.03 29.92
Enterprise Value to Operating Cash Flow (EV/OCF)		 44.56 0.00 3.11 0.00 35.28 0.00 0.00 0.00 0.00 0.00 6.39
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 90.88 6.23 0.00 9.18 28.06 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.00 0.76 0.51 0.71 0.64 0.63 0.57 0.00 0.56 0.60 0.42
Long-Term Debt to Equity		 0.21 0.19 0.19 0.00 0.00 0.00 0.51 0.00 0.50 0.51 0.34
Financial Leverage		 1.09 0.88 0.71 0.76 0.80 0.69 0.54 0.00 0.60 0.59 0.42
Leverage Ratio		 3.41 3.08 2.83 2.88 2.92 2.74 2.62 0.00 2.84 2.92 2.81
Compound Leverage Factor		 3.41 3.16 2.86 2.94 2.96 2.77 2.66 0.00 3.22 2.98 2.98
Debt to Total Capital		 49.98% 43.33% 33.59% 41.56% 39.19% 38.66% 36.48% 0.00% 35.97% 37.44% 29.74%
Short-Term Debt to Total Capital		 39.39% 32.46% 20.70% 41.37% 39.00% 38.66% 4.14% 0.00% 3.90% 5.35% 5.57%
Long-Term Debt to Total Capital		 10.59% 10.87% 12.89% 0.19% 0.19% 0.00% 32.34% 0.00% 32.07% 32.09% 24.17%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.19% 0.22% 0.13% 0.12% 0.13% 0.13% 0.18% 0.00% 0.42% 5.05% 5.60%
Common Equity to Total Capital		 49.83% 56.46% 66.28% 58.32% 60.68% 61.21% 63.35% 0.00% 63.61% 57.51% 64.66%
Debt to EBITDA		 2.20 1.93 1.19 1.82 1.76 1.76 1.86 0.00 0.00 6.40 5.21
Net Debt to EBITDA		 2.05 1.73 0.89 1.47 1.38 1.58 1.70 0.00 0.00 5.64 4.51
Long-Term Debt to EBITDA		 0.47 0.48 0.46 0.01 0.01 0.00 1.65 0.00 0.00 5.48 4.24
Debt to NOPAT		 3.02 2.85 1.70 2.53 2.38 2.45 2.61 0.00 0.00 10.14 9.09
Net Debt to NOPAT		 2.83 2.56 1.27 2.05 1.87 2.19 2.39 0.00 0.00 8.95 7.87
Long-Term Debt to NOPAT		 0.64 0.72 0.65 0.01 0.01 0.00 2.32 0.00 0.00 8.69 7.38
Noncontrolling Interest Sharing Ratio		 0.90% 0.37% 0.27% 0.28% 0.29% 0.29% 0.24% 0.00% 0.00% 4.42% 7.97%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -152 -83 24 -156 -2.32 -72 -141 937 12 -133 -942
Operating Cash Flow to CapEx		 -23,848.23% -1,741.79% 30,164.19% -18,912.97% 16,241.95% -4,728.28% -2,346.87% -2,962.07% 0.00% -21,009.72% 2,974.09%
Free Cash Flow to Firm to Interest Expense		 -27.94 -14.57 3.89 -21.51 -0.25 -8.05 -14.35 92.13 1.23 -13.30 -90.90
Operating Cash Flow to Interest Expense		 -21.04 -2.36 45.62 -45.35 9.93 -8.24 -4.51 -5.65 0.00 -12.77 10.62
Operating Cash Flow Less CapEx to Interest Expense		 -21.13 -2.50 45.46 -45.59 9.87 -8.42 -4.70 -5.84 0.00 -12.83 10.26
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 6.39 6.20 6.47 5.93 5.62 6.22 6.89 0.00 0.00 5.43 5.66
Fixed Asset Turnover		 925.35 885.01 830.58 766.00 786.15 831.01 775.33 0.00 0.00 566.70 440.87
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 887 865 762 923 924 979 922 0.00 917 1,063 948
Invested Capital Turnover		 10.40 10.14 10.72 9.72 9.12 10.07 11.73 0.00 0.00 10.00 22.32
Increase / (Decrease) in Invested Capital		 189 120 21 189 38 113 160 -923 -7.67 141 948
Enterprise Value (EV)		 1,207 1,005 808 1,064 1,051 1,162 974 0.00 993 1,413 928
Market Capitalization		 791 666 616 752 765 822 665 682 694 1,009 631
Book Value per Share		 $38.72 $42.44 $21.59 $22.96 $23.84 $25.76 $25.01 $0.00 $25.52 $26.62 $26.43
Tangible Book Value per Share		 $23.67 $27.77 $14.49 $15.80 $16.82 $18.72 $18.19 $0.00 $16.95 $13.65 $13.75
Total Capital		 887 865 762 923 924 979 922 0.00 917 1,063 948
Total Debt		 443 375 256 384 362 378 336 0.00 330 398 282
Total Long-Term Debt		 94 94 98 1.75 1.75 0.00 298 0.00 294 341 229
Net Debt		 415 337 191 311 284 339 308 0.00 295 351 244
Capital Expenditures (CapEx)		 0.48 0.77 0.93 1.74 0.57 1.56 1.89 1.94 0.00 0.61 3.70
Net Nonoperating Expense (NNE)		 0.00 0.00 -0.41 -0.65 -0.50 -0.49 -0.22 -0.43 -0.61 -0.17 -0.34
Net Nonoperating Obligations (NNO)		 443 375 256 384 362 378 336 0.00 330 398 282
Total Depreciation and Amortization (D&A)		 8.08 3.79 3.74 3.85 3.83 3.23 3.31 3.50 2.95 5.37 5.65
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.64 $1.64 $1.93 $1.43 $1.53 $1.79 $0.00 $0.00 $0.22 $0.39 $0.28
Adjusted Weighted Average Basic Shares Outstanding		 22.86M 22.81M 23.40M 23.49M 23.42M 23.40M 0.00 0.00 22.85M 23.03M 23.16M
Adjusted Diluted Earnings per Share		 $1.53 $1.64 $1.83 $1.35 $1.46 $1.79 $0.00 $0.00 $0.21 $0.37 $0.27
Adjusted Weighted Average Diluted Shares Outstanding		 24.43M 24.33M 24.69M 24.73M 24.66M 24.65M 0.00 0.00 23.82M 23.98M 23.97M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $1.64 $0.00 $0.00 $0.00 $1.79 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 23.03M 23.38M 23.45M 23.53M 23.26M 23.34M 0.00 0.00 22.89M 23.18M 23.02M
Normalized Net Operating Profit after Tax (NOPAT)		 37 38 45 33 35 41 19 13 4.48 8.11 6.26
Normalized NOPAT Margin		 1.77% 1.81% 2.35% 1.69% 1.53% 1.32% 0.76% 0.65% 0.17% 0.30% 0.23%
Pre Tax Income Margin		 2.18% 2.25% 3.05% 2.21% 1.98% 1.80% 0.96% 0.89% 0.25% 0.38% 0.29%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.46 8.06 9.38 5.85 4.89 6.23 2.41 1.76 0.57 1.00 0.73
NOPAT to Interest Expense		 6.92 6.58 7.31 4.55 3.84 4.64 1.91 1.33 0.46 0.83 0.54
EBIT Less CapEx to Interest Expense		 8.37 7.92 9.23 5.61 4.82 6.05 2.22 1.57 0.00 0.94 0.37
NOPAT Less CapEx to Interest Expense		 6.83 6.44 7.16 4.31 3.78 4.47 1.72 1.14 0.00 0.77 0.19
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 15.43% 17.02% 15.38% 18.26% 21.54% 23.90% 32.26% 37.94% 0.00% 31.55% 36.52%
Augmented Payout Ratio		 15.43% 17.02% 15.38% 18.26% 27.95% 30.13% 43.50% 37.94% 0.00% 61.31% 57.30%

Key Financial Trends

A-Mark Precious Metals (NASDAQ: AMRK) has shown varied financial performance over the recent quarters and years, based on the latest quarterly financial statements and historical data.

Key positive trends and highlights:

  • Despite a challenging Q2 2025, the company reported positive net income attributable to common shareholders of $6.56 million, showing profitability after expenses.
  • Strong non-interest income continues to be a major revenue contributor, with over $2.7 billion recorded in Q2 2025, highlighting robust operational activities beyond just interest-related earnings.
  • Cash flow from continuing operating activities improved drastically to $110.1 million in Q2 2025 compared to negative values in 2024, indicating better operational cash generation.
  • Total common equity remained stable at around $612.7 million in Q2 2025, indicating steady shareholder value and capitalization.
  • Reducing treasury stock levels from $33.4 million in Q2 2025 compared to prior quarters suggests less share buyback activity and potential for equity preservation.

Neutral observations:

  • Interest expense related to long-term debt remains significant at $10.36 million in Q2 2025, contributing to net interest expense of around $3.57 million, which slightly pressures earnings.
  • The company maintains a sizeable long-term debt balance of nearly $229 million as of Q2 2025, which raises leverage considerations but also supports growth and operations.
  • Investments in property and equipment and purchases of investment securities in recent quarters indicate ongoing capital expenditures and asset management.

Risks and negative trends to consider:

  • Net realized and unrealized capital losses on investments totaled -$2.41 million in Q2 2025, indicating some investment volatility impacting profitability.
  • Consistent losses at the net interest income level, with negative $3.57 million in Q2 2025, show that borrowing costs are outweighing interest income from securities.
  • Significant fluctuations in operating cash flows in preceding quarters, including a negative $127.5 million in Q1 2025 and a negative $328 million in Q2 2024, point to volatility in cash generation.
  • High volume of debt repayments recently (e.g., $543.7 million repayment in Q2 2025 financing activities) along with debt issuance suggests ongoing refinancing which could impact financial stability.

Overall analysis:

A-Mark Precious Metals continues to deliver solid non-interest income growth that underpins its revenue base, though it faces challenges from interest costs, investment market volatility, and cash flow volatility. The company’s leverage levels remain substantial, maintaining a focus on managing debt while investing in property assets and securities. Q2 2025 shows improvement in cash flow operations and positive net income, but investors should monitor interest expenses, capital gains/losses impacts, and liquidity fluctuations closely.

Retail investors should appreciate the firm’s resilience in earnings and non-interest income growth, while being mindful of the inherent risks from debt servicing and cash flow variability in precious metals trading and investment sectors.

08/31/25 06:06 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About A-Mark Precious Metals' Financials

When does A-Mark Precious Metals' fiscal year end?

According to the most recent income statement we have on file, A-Mark Precious Metals' financial year ends in June. Their financial year 2024 ended on June 30, 2024.

How has A-Mark Precious Metals' net income changed over the last 2 years?

A-Mark Precious Metals' net income appears to be on a downward trend, with a most recent value of $69.03 million in 2024, falling from $133.08 million in 2022. The previous period was $156.77 million in 2023. View A-Mark Precious Metals' forecast to see where analysts expect A-Mark Precious Metals to go next.

How has A-Mark Precious Metals' revenue changed over the last 2 years?

Over the last 2 years, A-Mark Precious Metals' total revenue changed from $8.17 billion in 2022 to $9.69 billion in 2024, a change of 18.6%.

How much debt does A-Mark Precious Metals have?

A-Mark Precious Metals' total liabilities were at $1.17 billion at the end of 2024, a 23.4% increase from 2023, and a 22.5% increase since 2022.

How much cash does A-Mark Precious Metals have?

In the past 2 years, A-Mark Precious Metals' cash and equivalents has ranged from $37.78 million in 2022 to $48.64 million in 2024, and is currently $48.64 million as of their latest financial filing in 2024.

How has A-Mark Precious Metals' book value per share changed over the last 2 years?

Over the last 2 years, A-Mark Precious Metals' book value per share changed from 42.44 in 2022 to 26.54 in 2024, a change of -37.5%.


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This page (NASDAQ:AMRK) was last updated on 8/31/2025 by MarketBeat.com Staff
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