United States Oil Fund, LP (USO) intrinsic value & 10-year financials
United States Oil Fund, LP (USO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 0.7% a year to $320.8K.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $161.76
- Revenue (FY2025)
- $320.8K
- Revenue growth (10-yr CAGR)
- -0.7%
- Free cash flow (FY2025)
- —
USO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $320.8K | -$64.7M | — | — | — | — |
| FY2024 | $386.0K | $221.1M | — | — | — | — |
| FY2023 | $374.0K | -$46.0M | — | — | — | — |
| FY2022 | $231.0K | $785.2M | — | — | — | — |
| FY2021 | $169.0K | $1.6B | — | — | — | — |
| FY2020 | $289.5K | -$1.9B | — | — | — | — |
| FY2019 | $312.0K | $473.5M | — | — | — | — |
| FY2018 | $358.0K | -$291.3M | — | — | — | — |
| FY2017 | $360.0K | $79.0M | — | — | — | — |
| FY2016 | $343.0K | $666.6M | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
United States Oil Fund, LP is facing top-line stagnation, with revenue contracting over the decade.
United States Oil Fund, LP 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
United States Oil Fund, LP capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, United States Oil Fund, LP is modeled at -0.7% normalized earnings growth with a 5.1% bond-yield adjustment.