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

United States 12 Month Oil Fund's FCF Margin history runs 15 years deep, the most recent figure standing at 43.61% for 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 was 43.61% for Q1 2026 at United States 12 Month Oil Fund, 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.
• 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 sank 29380 bps.
• United States 12 Month Oil Fund's FCF Margin stood at 25.55% in 2022, then slumped by 101 bps to 0.3% in 2023, then tumbled by 3782 bps to 11.64% in 2024, then tumbled by 265 bps to 42.52% in 2025, then surged by 203 bps to 43.61% in 2026.
• Business Quant data shows USL's FCF Margin at 43.61% in Q1 2026, 42.52% in Q4 2025, and 88.15% in Q3 2025.