United States Oil Fund (USO) FCF Margin (2013 - 2026)
United States Oil Fund's (USO) quarterly FCF Margin came in at 76.56% in Q2 2026, up 3363.0% year-over-year from 2.21% in Q2 2025, and up 19.53% quarter-over-quarter from 64.05% in Q1 2026.
Analysis
United States Oil Fund (USO) FCF Margin (2013 - 2026) Analysis & Trends
United States Oil Fund (USO) has reported FCF Margin for 14 consecutive years, with 76.56% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 3363.0% year-over-year to 76.56% in Q2 2026; TTM through Jun 2026 was 58.26%, a 4717.0% increase from a year earlier, with the FY2025 full-year figure at 38.91%, down 11469.0% from the prior year.
- FCF Margin was 76.56% for Q2 2026 at United States Oil Fund, up from 64.05% in the prior quarter.
- Over five years, FCF Margin peaked at 140.74% in Q2 2022 and troughed at 106.98% in Q3 2025.
- A 5-year average of 10.83% and a median of 48.74% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin plunged 29518 bps in 2022 and soared 20356 bps in 2024, its largest moves.
- Over 5 years, FCF Margin stood at 73.69% in 2022, then fell by 7 bps to 79.05% in 2023, then soared by 169 bps to 54.54% in 2024, then tumbled by 272 bps to 93.82% in 2025, then surged by 182 bps to 76.56% in 2026.
- The last three FCF Margin figures came in at 76.56% (Q2 2026), 64.05% (Q1 2026), and 93.82% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 15.78% |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 51.46% |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 24.64% |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 38.55% |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 37.30% |
| 10 | United States Oil Fund | 2.15 Bn | 800.11 Mn | - | 76.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 76.56% |
| Mar 31, 2026 | 64.05% |
| Dec 31, 2025 | -93.82% |
| Sep 30, 2025 | -106.98% |
| Jun 30, 2025 | 42.94% |
| Mar 31, 2025 | 59.21% |
| Dec 31, 2024 | 54.54% |
| Sep 30, 2024 | -53.62% |
| Jun 30, 2024 | 103.32% |
| Mar 31, 2024 | 69.75% |
| Dec 31, 2023 | -79.05% |
| Sep 30, 2023 | 79.09% |
| Jun 30, 2023 | -100.24% |
| Mar 31, 2023 | -46.93% |
| Dec 31, 2022 | -73.69% |
| Sep 30, 2022 | -38.70% |
| Jun 30, 2022 | 140.74% |
| Mar 31, 2022 | 97.71% |
| Dec 31, 2021 | 221.49% |
| Sep 30, 2021 | 151.41% |