United States 12 Month Oil Fund (USL) FCF Margin (2012 - 2026)

United States 12 Month Oil Fund (USL) reported FCF Margin of 43.61% for Q1 2026, down 226.0% on a YoY basis from 34.61% in Q1 2025, and up 202.56% quarter-over-quarter from 42.52% in Q4 2025.

United States 12 Month Oil Fund (USL) FCF Margin (2012 - 2026) Analysis & Trends

United States 12 Month Oil Fund has reported FCF Margin for 15 years, with the latest figure 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.
  • The five-year high for FCF Margin was 243.8% in Q2 2024, with the low at 153.12% in Q2 2023.
  • Historically, FCF Margin has averaged 7.65% across 5 years, with a median of 5.47% in 2024.
  • Annual changes were most pronounced in 2024 — FCF Margin jumped 39691 bps — and 2025, when it slumped 29380 bps.
  • United States 12 Month Oil Fund's FCF Margin stood at 25.55% in 2022, then plunged by 101 bps to 0.3% in 2023, then sank by 3782 bps to 11.64% in 2024, then sank by 265 bps to 42.52% in 2025, then soared 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.

Peer Comparison

Historic Data

Download Data
DateValue
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%