8-K Announcements
6Material company update
Mar 16, 2026·SEC
Material company update
Feb 19, 2026·SEC
Material company update
Feb 9, 2026·SEC
A-Mark Precious Metals, Inc.(AMRK)Earnings, Financials & Key Ratios
AMRK•NASDAQ
$46.72
65.8× P/E·Price updated Jun 20, 2026
SectorFinancial ServicesIndustryCapital MarketsSub-IndustryAlternative Asset Managers and Specialty Finance
AboutA-Mark Precious Metals, Inc., together with its subsidiaries, operates as a precious metals trading company. It operates in three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins. This segment also offers various ancillary services, including financing, storage, consignment, logistics, and various customized financial programs; and designs and produces minted silver products. The Direct-to-Consumer segment provides access to an array of gold, silver, copper, platinum, and palladium products through its websites and marketplaces. It operates five company-owned websites targeting specific niches within the precious metals retail market. This segment also operates as a direct retailer of precious metals to the investor community and markets its precious metal products on television, radio, and the internet, as well as through customer service outreach. The Secured Lending segment originates and acquires commercial loans secured by bullion and numismatic coins; and serves coin and precious metal dealers, investors, and collectors. The company serves customers, including financial institutions, bullion retailers, industrial manufacturers and fabricators, sovereign mints, refiners, coin and metal dealers, investors, collectors, and e-commerce and other retail customers. It has operations in the United States, rest of North America, Europe, the Asia Pacific, Africa, and Australia. A-Mark Precious Metals, Inc. was founded in 1965 and is headquartered in El Segundo, California.Show more
- EBITDA$72M-14.1%
- Net Income$17M-74.7%
- EPS (Diluted)0.71-75.0%
- Gross Margin1.92%+7.6%
- EBITDA Margin0.65%-24.1%
- Operating Margin0.44%-40.2%
- Net Margin0.16%-77.7%
- ROE2.54%-76.6%
AMRK Price & Volume
A-Mark Precious Metals, Inc. (AMRK) stock price & volume — 10-year historical chart
Loading chart...
Cyclical Revenue Volatility Masks Structural Margin Pressures
Investment Thesis • Updated 2026Q2
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:High cyclical margin sensitivity
Key Thesis Takeaways
- A-Mark Precious Metals faces significant earnings quality challenges as its business model remains tethered to volatile physical metal premiums and inventory-driven working capital cycles.
- While the company has scaled revenue to $6.5 billion in 2026Q2, the reliance on debt-financed inventory accumulation and the compression of operating margins to 0.5% suggest a precarious path to sustainable profitability.
- Investors should monitor the company's ability to manage its $307.3 million debt load and the sustainability of dividend payments amidst erratic free cash flow generation.
Verdict Logic
while the forward P/E of 19.47 suggests potential value, the extreme volatility in OCF/NI ratios and the 11.84 debt-to-EBITDA ratio warrant a cautious, wait-and-see approach.
AMRK Growth Metrics
A-Mark Precious Metals, Inc. (AMRK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.1%
5 Years14.99%
3 Years10.4%
TTM-
Profit CAGR
10 Years9.4%
5 Years-10.71%
3 Years-49.25%
TTM-75.77%
EPS CAGR
10 Years3.57%
5 Years-19.88%
3 Years-49.31%
TTM-80.28%
Return on Capital
10 Years16.06%
5 Years23.88%
3 Years15.35%
Last Year4.77%
AMRK Recent Earnings
A-Mark Precious Metals, Inc. (AMRK) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (18%)●Beat Revenue 7/12 qtrs (64%)
Q1 2026Latest
Feb 6, 2026Metric
Actual
Est
EPS
$0.46
—
Rev
$6.5B
—
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.46-34.8%
$0.70
Rev
$6.5B+122.7%
$2.9B
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.20-76.7%
$0.86
Rev
$3.7B+29.9%
$2.8B
Q4 2025
Sep 9, 2025Metric
Actual
Est
EPS
$0.76+33.3%
$0.57
Rev
$2.5B-13.6%
$2.9B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 6, 2026 | $0.46 | $6.5B |
| Q1 2026 | Feb 5, 2026 | $0.46vs $0.70-34.8% | $6.5Bvs $2.9B+122.7% |
| Q4 2025 | Nov 6, 2025 | $0.20vs $0.86-76.7% | $3.7Bvs $2.8B+29.9% |
| Q4 2025 | Sep 9, 2025 | $0.76vs $0.57+33.3% | $2.5Bvs $2.9B-13.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for A-Mark Precious Metals, Inc. (AMRK)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $46.72 | $1.16B | 65.80 | 13.19% | 0.16% | 2.54% | 1.65% | |
| $196.61 | $13.65B | 29.39 | 44.57% | 48.53% | 11.85% | — | |
| $111.89 | $50.81B | 34.01 | 83.33% | 65.55% | 21.33% | — | |
| $209.60 | $40.41B | 35.77 | 63.69% | 65.12% | 18.68% | — | |
| $163.51 | $43.08B | 36.74 | 9.4% | 13.78% | 5.68% | — | |
| $10.06 | $2.23B | -201.20 | 46.58% | -2.3% | -1.09% | — |
Compare AMRK vs Peers
A-Mark Precious Metals, Inc. (AMRK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AMRK SEC Filings & Documents
A-Mark Precious Metals, Inc. (AMRK) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when AMRK posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
AMRK Frequently Asked Questions
A-Mark Precious Metals, Inc. (AMRK) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is A-Mark Precious Metals, Inc.'s revenue?
A-Mark Precious Metals, Inc. (AMRK) reported $15.68B in revenue for fiscal year 2025.
How fast is A-Mark Precious Metals, Inc. growing?
A-Mark Precious Metals, Inc. (AMRK) grew revenue by 13.2% over the past year. This is steady growth.
Is AMRK profitable?
Yes, A-Mark Precious Metals, Inc. (AMRK) is profitable, generating $12.5M in net income for fiscal year 2025 (0.2% net margin).
Dividend & Returns
Does AMRK pay dividends?
Yes, A-Mark Precious Metals, Inc. (AMRK) pays a dividend with a yield of 1.65%. This makes it attractive for income-focused investors.
What is AMRK's return on equity?
A-Mark Precious Metals, Inc. (AMRK) has a return on equity (ROE) of 2.5%. This is below average, suggesting room for improvement.
What is A-Mark Precious Metals, Inc.'s free cash flow?
A-Mark Precious Metals, Inc. (AMRK) generated $316.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.