INVESCO TRUST FOR INVESTMENT GRADE MUNICIPALS

Income Statement Invesco Trust for Investment Grade Municipals

Stocks

VGM

US46131M1062

Investment Management & Fund Operators

Market Closed - NYSE 16:00:02 2026-09-25 EDT			5-day change	1st Jan Change
9.120 ^USD	+0.55%		-5.69%	-12.05%

08-31	Invesco Trust for Investment Grade Municipals announces Monthly dividend, payable on September 30, 2026	CI
08-02	Invesco Trust for Investment Grade Municipals announces Monthly dividend, payable on August 31, 2026	CI

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Published financial data: INVESCO TRUST FOR INVESTMENT GRADE MUNICIPALS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)	2026 (USD)
Interest And Invest. Income (Rev)	44.16M	44.38M	43.42M	42.3M	43.26M
Total Revenues	44.16M	44.38M	43.42M	42.3M	43.26M
Gross Profit	44.16M	44.38M	43.42M	42.3M	43.26M
Selling General & Admin Expenses, Total	7.19M	6.07M	5.59M	5.7M	5.19M
Other Operating Expenses	-	-	-	-	-
Other Operating Expenses, Total	7.19M	6.07M	5.59M	5.7M	5.19M
Operating Income	36.97M	38.31M	37.82M	36.6M	38.07M
Interest Expense, Total	-4.6M	-11.09M	-15.26M	-13.32M	-12.31M
Net Interest Expenses	-4.6M	-11.09M	-15.26M	-13.32M	-12.31M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	32.37M	27.22M	22.57M	23.28M	25.76M
Gain (Loss) On Sale Of Investments	-34.9M	-120M	24.63M	-3M	-8.73M
EBT, Incl. Unusual Items	-2.54M	-92.86M	47.19M	20.29M	17.03M
Earnings From Continuing Operations	-2.54M	-92.86M	47.19M	20.29M	17.03M
Net Income to Company	-2.54M	-92.86M	47.19M	20.29M	17.03M
Net Income - (IS)	-2.54M	-92.86M	47.19M	20.29M	17.03M
Net Income to Common Incl Extra Items	-2.54M	-92.86M	47.19M	20.29M	17.03M
Net Income to Common Excl. Extra Items	-2.54M	-92.86M	47.19M	20.29M	17.03M
Per Share Items
Net EPS - Basic	-0.05	-1.71	0.87	0.37	0.31
Basic EPS - Continuing Operations	-0.05	-1.71	0.87	0.37	0.31
Basic Weighted Average Shares Outstanding	54.23M	54.23M	54.23M	54.23M	54.23M
Net EPS - Diluted	-0.05	-1.71	0.87	0.37	0.31
Diluted EPS - Continuing Operations	-0.05	-1.71	0.87	0.37	0.31
Diluted Weighted Average Shares Outstanding	54.23M	54.23M	54.23M	54.23M	54.23M
Normalized Basic EPS	0.37	0.31	0.26	0.27	0.3
Normalized Diluted EPS	0.37	0.31	0.26	0.27	0.3
Dividend Per Share	0.65	0.55	0.43	0.7	0.78
Payout Ratio	-1.37K	-29.55	47.81	112.9	149.52
Supplemental Items
EBITA	36.97M	38.31M	37.82M	36.6M	38.07M
EBIT	36.97M	38.31M	37.82M	36.6M	38.07M
Total Revenues (As Reported)	-	44.38M	43.42M	42.3M	43.26M
Normalized Net Income	20.23M	17.01M	14.1M	14.55M	16.1M
Supplemental Operating Expense Items
General and Administrative Expenses	7.19M	6.07M	5.59M	5.7M	5.19M

Fiscal Period: February	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)	2026 (USD)
Assets
Cash And Equivalents	4.27M	32.48M	1.53M	4.45M	-
Total Cash And Short Term Investments	4.27M	32.48M	1.53M	4.45M	-
Accounts Receivable, Total	15.19M	17.35M	11.41M	9.61M	9.62M
Total Receivables	15.19M	17.35M	11.41M	9.61M	9.62M
Total Current Assets	19.46M	49.83M	12.95M	14.06M	9.62M
Long-term Investments	869M	783M	861M	798M	703M
Other Long-Term Assets, Total	310M	158M	73.37M	77.23M	195M
Total Assets	1.2B	990M	947M	889M	907M
Liabilities
Accounts Payable, Total	11.81M	14.99M	8.91M	3.62M	7.1M
Accrued Expenses, Total	417K	1.03M	1.14M	807K	704K
Short-term Borrowings	-	-	-	-	6.41M
Other Current Liabilities	103K	49.3K	56.6K	131K	100K
Total Current Liabilities	12.33M	16.07M	10.1M	4.56M	14.32M
Long-Term Debt	471M	381M	320M	285M	318M
Other Non Current Liabilities	34.82K	28.76K	26.25K	32.89K	42.43K
Total Liabilities	483M	397M	330M	290M	333M
Common Stock, Total	704M	701M	701M	686M	669M
Retained Earnings	12.12M	-108M	-83.5M	-86.19M	-94.6M
Total Common Equity	716M	593M	617M	600M	575M
Total Equity	716M	593M	617M	600M	575M
Total Liabilities And Equity	1.2B	990M	947M	889M	907M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	54.23M	54.23M	54.23M	54.23M	54.23M
ECS Total Common Shares Outstanding	54.23M	54.23M	54.23M	54.23M	54.23M
Book Value / Share	13.2	10.94	11.38	11.06	10.59
Tangible Book Value	716M	593M	617M	600M	575M
Tangible Book Value Per Share	13.2	10.94	11.38	11.06	10.59
Total Debt	471M	381M	320M	285M	325M
Net Debt	467M	348M	318M	281M	325M
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: February	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)	2026 (USD)
Net Income	-2.54M	-92.86M	47.19M	20.29M	17.03M
(Gain) Loss on Sale of Investments - (CF)	42.83M	123M	-23.88M	2.27M	7.68M
Other Operating Activities, Total	17.12M	115M	30.09M	53.03M	-26.76M
Change In Accounts Receivable	1.25M	2.02M	-16.31K	207K	130K
Change in Other Net Operating Assets	-128K	609K	102K	-354K	-72.14K
Cash from Operations	58.53M	148M	53.49M	75.44M	-1.99M
Short Term Debt Issued, Total	-	-	-	-	6.41M
Long-Term Debt Issued, Total	23.12M	38.65M	7.78M	16.71M	112M
Total Debt Issued	23.12M	38.65M	7.78M	16.71M	119M
Short Term Debt Repaid, Total	-209K	-	-	-	-
Long-Term Debt Repaid, Total	-42.28M	-129M	-68.93M	-51.46M	-79.1M
Total Debt Repaid	-42.49M	-129M	-68.93M	-51.46M	-79.1M
Repurchase of Common Stock	-	-2.25M	-730K	-14.86M	-16.61M
Common Dividends Paid	-34.88M	-27.44M	-22.56M	-22.9M	-25.46M
Common & Preferred Stock Dividends Paid	-34.88M	-27.44M	-22.56M	-22.9M	-25.46M
Cash from Financing	-54.26M	-120M	-84.44M	-72.52M	-2.45M
Net Change in Cash	4.27M	28.21M	-30.95M	2.91M	-4.45M
Supplemental Items
Cash Interest Paid	4.6M	10.46M	15.17M	13.6M	12.51M
Cash Income Tax Paid (Refund)	65.22K	-	-26.64K	-	-
Levered Free Cash Flow	28.66M	18.6M	14.07M	10.81M	19.44M
Unlevered Free Cash Flow	31.53M	25.53M	23.61M	19.13M	27.13M
Change In Net Working Capital	-8.43M	-1.59M	32.34K	3.74M	-3.34M
Net Debt Issued / Repaid	-19.37M	-89.9M	-61.15M	-34.76M	39.62M

Fiscal Period: February	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)	2026 (USD)
Profitability
Return on Assets	1.89	2.19	2.44	2.49	2.65
Return on Total Capital	1.9	2.22	2.47	2.51	2.67
Return On Equity %	-0.35	-14.19	7.8	3.33	2.9
Return on Common Equity	-0.35	-14.19	7.8	3.33	2.9
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	16.28	13.68	12.88	13.48	12
EBITA Margin %	83.72	86.32	87.12	86.52	88
EBIT Margin %	83.72	86.32	87.12	86.52	88
Income From Continuing Operations Margin %	-5.75	-209.24	108.7	47.96	39.37
Net Income Margin %	-5.75	-209.24	108.7	47.96	39.37
Net Avail. For Common Margin %	-5.75	-209.24	108.7	47.96	39.37
Normalized Net Income Margin	45.81	38.33	32.49	34.4	37.22
Levered Free Cash Flow Margin	64.89	41.91	32.41	25.55	44.93
Unlevered Free Cash Flow Margin	71.41	57.53	54.37	45.22	62.71
Asset Turnover
Asset Turnover	0.04	0.04	0.04	0.05	0.05
Short Term Liquidity
Current Ratio	1.58	3.1	1.28	3.09	0.67
Quick Ratio	1.58	3.1	1.28	3.09	0.67
Operating Cash Flow to Current Liabilities	4.75	9.19	5.3	16.56	-0.14
Long Term Solvency
Total Debt/Equity	65.78	64.21	51.82	47.53	56.5
Total Debt / Total Capital	39.68	39.1	34.13	32.22	36.1
LT Debt/Equity	65.78	64.21	51.82	47.53	55.38
Long-Term Debt / Total Capital	39.68	39.1	34.13	32.22	35.39
Total Liabilities / Total Assets	40.3	40.09	34.84	32.57	36.66
EBIT / Interest Expense	8.03	3.45	2.48	2.75	3.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.48	0.5	-2.17	-2.57	2.27
Gross Profit, 1 Yr. Growth %	-9.48	0.5	-2.17	-2.57	2.27
EBITA, 1 Yr. Growth %	-11.19	3.63	-1.27	-3.24	4.01
EBIT, 1 Yr. Growth %	-11.19	3.63	-1.27	-3.24	4.01
Earnings From Cont. Operations, 1 Yr. Growth %	-137.07	3.56K	-150.82	-57.01	-16.06
Net Income, 1 Yr. Growth %	-137.07	3.56K	-150.82	-57.01	-16.06
Normalized Net Income, 1 Yr. Growth %	-7.52	-15.91	-17.08	3.17	10.63
Diluted EPS Before Extra, 1 Yr. Growth %	-137.06	3.56K	-150.82	-57.01	-16.06
Accounts Receivable, 1 Yr. Growth %	14.91	14.23	-34.23	-15.78	0.14
Total Assets, 1 Yr. Growth %	-3.73	-17.4	-4.37	-6.11	2.02
Tangible Book Value, 1 Yr. Growth %	-4.97	-17.11	4.03	-2.84	-4.17
Common Equity, 1 Yr. Growth %	-4.97	-17.11	4.03	-2.84	-4.17
Cash From Operations, 1 Yr. Growth %	1.27	152.53	-63.81	41.02	-102.64
Levered Free Cash Flow, 1 Yr. Growth %	46.45	-35.1	-24.34	-23.2	79.85
Unlevered Free Cash Flow, 1 Yr. Growth %	33.9	-19.03	-7.54	-18.97	41.82
Dividend Per Share, 1 Yr. Growth %	3.66	-14.89	-21.78	62.43	11.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.34	-4.62	-0.84	-2.37	-0.18
Gross Profit, 2 Yr. CAGR %	-6.34	-4.62	-0.84	-2.37	-0.18
EBITA, 2 Yr. CAGR %	-7.25	-4.06	1.15	-2.26	0.32
EBIT, 2 Yr. CAGR %	-7.25	-4.06	1.15	-2.26	0.32
Earnings From Cont. Operations, 2 Yr. CAGR %	-83.36	268.34	331.29	-53.26	-39.93
Net Income, 2 Yr. CAGR %	-83.36	268.34	331.29	-53.26	-39.93
Normalized Net Income, 2 Yr. CAGR %	1.52	-11.81	-16.5	-7.51	6.83
Diluted EPS Before Extra, 2 Yr. CAGR %	-83.36	268.32	331.29	-53.26	-39.93
Accounts Receivable, 2 Yr. CAGR %	-3.14	14.57	-13.33	-25.58	-8.17
Total Assets, 2 Yr. CAGR %	-4.03	-10.83	-11.12	-5.24	-2.13
Tangible Book Value, 2 Yr. CAGR %	-4.21	-11.25	-7.14	0.53	-3.51
Common Equity, 2 Yr. CAGR %	-4.21	-11.25	-7.14	0.53	-3.51
Cash From Operations, 2 Yr. CAGR %	186.55	59.92	-4.4	-28.56	-80.71
Levered Free Cash Flow, 2 Yr. CAGR %	5.06	-2.51	-29.92	-23.77	17.52
Unlevered Free Cash Flow, 2 Yr. CAGR %	-2.53	4.12	-13.47	-13.44	7.2
Dividend Per Share, 2 Yr. CAGR %	2.28	-6.07	-18.41	12.72	34.33
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-5.57	-4.11	-3.81	-1.42	-0.85
Gross Profit, 3 Yr. CAGR %	-5.57	-4.11	-3.81	-1.42	-0.85
EBITA, 3 Yr. CAGR %	-6.33	-3.76	-3.14	-0.34	-0.21
EBIT, 3 Yr. CAGR %	-6.33	-3.76	-3.14	-0.34	-0.21
Earnings From Cont. Operations, 3 Yr. CAGR %	-49.09	0.44	90.33	99.97	-43.19
Net Income, 3 Yr. CAGR %	-49.09	0.44	90.33	99.97	-43.19
Normalized Net Income, 3 Yr. CAGR %	-1.5	-4.66	-13.61	-10.4	-1.82
Diluted EPS Before Extra, 3 Yr. CAGR %	-49.1	0.44	90.32	99.97	-43.19
Accounts Receivable, 3 Yr. CAGR %	-3.43	2.34	-4.78	-14.15	-17.84
Total Assets, 3 Yr. CAGR %	-0.35	-8.71	-8.72	-9.48	-2.88
Tangible Book Value, 3 Yr. CAGR %	-0.29	-8.72	-6.42	-5.73	-1.06
Common Equity, 3 Yr. CAGR %	-0.29	-8.72	-6.42	-5.73	-1.06
Cash From Operations, 3 Yr. CAGR %	-3.86	174.73	-2.54	8.83	-76.2
Levered Free Cash Flow, 3 Yr. CAGR %	12	-10.52	-10.41	-27.75	1.48
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.88	-8.37	0.08	-15.35	2.04
Dividend Per Share, 3 Yr. CAGR %	-0.83	-3.8	-11.63	2.64	12.17
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-5.63	-5.09	-3.71	-3.42	-2.38
Gross Profit, 5 Yr. CAGR %	-5.63	-5.09	-3.71	-3.42	-2.38
EBITA, 5 Yr. CAGR %	-6.21	-5.09	-3.4	-3.16	-1.77
EBIT, 5 Yr. CAGR %	-6.21	-5.09	-3.4	-3.16	-1.77
Earnings From Cont. Operations, 5 Yr. CAGR %	-7.48	28.01	19.66	-26.03	20
Net Income, 5 Yr. CAGR %	-7.48	28.01	19.66	-26.03	20
Normalized Net Income, 5 Yr. CAGR %	-5.66	-7.86	-7.8	-5.81	-5.95
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.48	28.01	19.66	-26.04	19.99
Accounts Receivable, 5 Yr. CAGR %	-7.04	1.15	-7.52	-9.91	-6.15
Total Assets, 5 Yr. CAGR %	-1.52	-4.68	-4.81	-7.34	-6.14
Tangible Book Value, 5 Yr. CAGR %	-1.01	-4.29	-3.09	-5.13	-5.27
Common Equity, 5 Yr. CAGR %	-1.01	-4.29	-3.09	-5.13	-5.27
Cash From Operations, 5 Yr. CAGR %	10.63	18.34	-4.07	60.29	-49.01
Levered Free Cash Flow, 5 Yr. CAGR %	6.04	-10.28	-7.15	-16.08	-0.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.82	-7.38	-2.89	-10.44	2.87
Dividend Per Share, 5 Yr. CAGR %	-4.45	-6.37	-8.28	2.5	4.48