United States Oil Fund, LP (USO) FCF Margin (2013 - 2026)
United States Oil Fund (USO) reported FCF Margin of 76.56% for Q2 2026, up 33.63 percentage points from 42.94% a year earlier and up 12.51 percentage points from the prior quarter.
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Analysis
United States Oil Fund, LP (USO) FCF Margin (2013 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, United States Oil Fund's FCF Margin came in at 58.26%, up 47.17 percentage points year-over-year; for FY2025, it was -38.91%, down 114.69 percentage points from FY2024.
- FCF Margin has a five-year change of +81.17 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 75.78% in FY2024 (+112.42 pp), -36.64% in FY2023 (-145.53 pp), 108.89% in FY2022 (-5.98 pp) and 114.86% in FY2021 (+234.94 pp).
- The Q2 2026 figure ranks as the highest quarterly FCF Margin since Q2 2024.
- Year over year, FCF Margin gained in three of the last eight quarters, with an average year-over-year change of -29.16 percentage points.
- The high point for year-over-year FCF Margin in five years was Q2 2024 (a gain of 203.56 percentage points); the low point was Q3 2021 (a drop of 1085.86 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 64.05% (Q1 2026), -93.82% (Q4 2025) and -106.98% (Q3 2025).
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Historic Data
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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% |
API Access
United States Oil Fund, LP FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=USO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "USO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=USO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();