United States 12 Month Oil Fund (USL) FCF Margin (2012 - 2026)
United States 12 Month Oil Fund's (USL) quarterly FCF Margin came in at 43.61% in Q1 2026, down 226.0% YoY 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) FCF Margin (2012 - 2026) Analysis & Trends
United States 12 Month Oil Fund (USL) has 15 years of FCF Margin data on file, last reported at 43.61% in Q1 2026.
- Quarterly FCF Margin fell 226.0% year-over-year to 43.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.82% (down 701.0% YoY) and the FY2025 annual result came in at 59.86%, down 12276.0% from the prior year.
- FCF Margin climbed to 43.61% in Q1 2026, from 42.52% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 243.8% in Q2 2024 to a low of 153.12% in Q2 2023.
- A 5-year average of 7.65% and a median of 5.47% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin jumped 39691 bps — and 2025, when it slumped 29380 bps.
- Tracing USL's FCF Margin over 5 years: 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.
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Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 329.66% |
| 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% |