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| 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% |