United States Oil Fund (USO) Free Cash Flow (2012 - 2026)
United States Oil Fund's (USO) quarterly Free Cash Flow came in at $277.2 million in Q2 2026, up 811.35% year-over-year from $30.4 million in Q2 2025, and down 56.13% quarter-over-quarter from $631.8 million in Q1 2026.
Analysis
United States Oil Fund (USO) Free Cash Flow (2012 - 2026) Analysis & Trends
United States Oil Fund (USO) has reported Free Cash Flow for 15 consecutive years, with $277.2 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 811.35% year-over-year to $277.2 million in Q2 2026; TTM through Jun 2026 was $831.6 million, a 2074.09% increase from a year earlier, with the FY2025 full-year figure at -$21.9 million, down 112.44% from the prior year.
- Free Cash Flow was $277.2 million for Q2 2026 at United States Oil Fund, down from $631.8 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $804.6 million in Q1 2022 and troughed at -$232.1 million in Q4 2023.
- A 5-year average of $106.8 million and a median of $24.3 million in 2024 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow tumbled 192.8% in 2025 and surged 2416.32% in 2026, its largest moves.
- Over 5 years, Free Cash Flow stood at -$118.6 million in 2022, then plunged by 95.75% to -$232.1 million in 2023, then soared by 123.24% to $53.9 million in 2024, then plunged by 192.8% to -$50.0 million in 2025, then soared by 653.83% to $277.2 million in 2026.
- The last three Free Cash Flow figures came in at $277.2 million (Q2 2026), $631.8 million (Q1 2026), and -$50.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 1.12 Bn |
| 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 | 2.01 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 581.20 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 703.70 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 239.00 Mn |
| 10 | United States Oil Fund | 2.15 Bn | 800.11 Mn | - | 277.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 277.16 Mn |
| Mar 31, 2026 | 631.81 Mn |
| Dec 31, 2025 | -50.04 Mn |
| Sep 30, 2025 | -27.35 Mn |
| Jun 30, 2025 | 30.41 Mn |
| Mar 31, 2025 | 25.11 Mn |
| Dec 31, 2024 | 53.93 Mn |
| Sep 30, 2024 | -71.20 Mn |
| Jun 30, 2024 | 23.40 Mn |
| Mar 31, 2024 | 169.61 Mn |
| Dec 31, 2023 | -232.10 Mn |
| Sep 30, 2023 | 282.92 Mn |
| Jun 30, 2023 | -32.24 Mn |
| Mar 31, 2023 | -31.37 Mn |
| Dec 31, 2022 | -118.57 Mn |
| Sep 30, 2022 | -168.47 Mn |
| Jun 30, 2022 | 354.33 Mn |
| Mar 31, 2022 | 804.58 Mn |
| Dec 31, 2021 | 214.87 Mn |
| Sep 30, 2021 | 212.43 Mn |