United States 12 Month Oil Fund (USL) FCF Margin (2012 - 2026)
United States 12 Month Oil Fund posted quarterly FCF Margin of 43.61% for Q1 2026, down 226.0% year-on-year from 34.61% in Q1 2025, and up 202.56% on a QoQ basis from 42.52% in Q4 2025.
United States 12 Month Oil Fund (USL) has 15 years of FCF Margin data on file, last reported at 43.61% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 226.0% year-over-year to 43.61%; the trailing twelve-month figure through Mar 2026 stood at 16.82% (down 701.0% YoY), and the FY2025 full-year result was 59.86%, down 12276.0% from the prior year.
- FCF Margin for Q1 2026 stood at 43.61%, up from 42.52% in the prior quarter.
- Across five years, FCF Margin topped out at 243.8% in Q2 2024 and bottomed at 153.12% in Q2 2023.
- The 5-year median for FCF Margin is 5.47% (2024), against an average of 7.65%.
- The widest annual swing landed in 2024, when FCF Margin jumped 39691 bps; it then plunged 29380 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 25.55% in 2022, then tumbled by 101 bps to 0.3% in 2023, then plunged by 3782 bps to 11.64% in 2024, then plunged by 265 bps to 42.52% in 2025, then jumped by 203 bps to 43.61% in 2026.
- The last three FCF Margin figures came in at 43.61% (Q1 2026), 42.52% (Q4 2025), and 88.15% (Q3 2025), per Business Quant data.
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 43.61% |
| Dec 31, 2025 | -42.52% |
| Sep 30, 2025 | -88.15% |
| Jun 30, 2025 | -50.01% |
| Mar 31, 2025 | 45.86% |
| Dec 31, 2024 | -11.64% |
| Sep 30, 2024 | 5.47% |
| Jun 30, 2024 | 243.80% |
| Mar 31, 2024 | 12.54% |
| Dec 31, 2023 | -0.30% |
| Sep 30, 2023 | 20.33% |
| Jun 30, 2023 | -153.12% |
| Mar 31, 2023 | -44.21% |
| Dec 31, 2022 | 25.55% |
| Sep 30, 2022 | 17.91% |
| Jun 30, 2022 | 3.43% |
| Mar 31, 2022 | 101.45% |
| Dec 31, 2021 | 142.91% |
| Sep 30, 2021 | 143.01% |
| Jun 30, 2021 | 95.10% |
| Mar 31, 2021 | 104.52% |
| Dec 31, 2020 | 144.03% |
| Sep 30, 2020 | 108.80% |
| Jun 30, 2020 | 49.79% |
| Mar 31, 2020 | -3.24% |
| Dec 31, 2019 | -20.95% |
| Sep 30, 2019 | -47.13% |
| Jun 30, 2019 | -16.86% |
| Mar 31, 2019 | -9.65% |
| Dec 31, 2018 | 2.56% |
| Sep 30, 2018 | -74.97% |
| Jun 30, 2018 | 114.62% |
| Mar 31, 2018 | 89.77% |
| Dec 31, 2017 | 71.52% |
| Sep 30, 2017 | -3.15% |
| Jun 30, 2017 | 4.49% |
| Mar 31, 2017 | -83.73% |
| Dec 31, 2016 | -84.56% |
| Sep 30, 2016 | 132.91% |
| Jun 30, 2016 | 76.71% |
| Mar 31, 2016 | -135.14% |
| Dec 31, 2015 | -111.66% |
| Sep 30, 2015 | -105.38% |
| Jun 30, 2015 | 82.11% |
| Mar 31, 2015 | -164.15% |
| Dec 31, 2014 | -99.05% |
| Sep 30, 2014 | -22.42% |
| Jun 30, 2014 | 94.86% |
| Mar 31, 2014 | -83.79% |
| Dec 31, 2013 | -287.26% |
| Sep 30, 2013 | 139.72% |
| Jun 30, 2013 | 80.48% |
| Mar 31, 2013 | 155.07% |
| Mar 31, 2012 | 206.68% |