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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

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Home›Stocks›USO

USO

United States Oil Fund, LP

Next earnings ≈ Jul 17, 2026 · est. from filing cadence

Sell
$103.98
▼ -2.90%
$103.98▲ +41.89%
over 1Y
L $66.17H $152.96
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-2.9%
1W-4.9%
1M-24.3%
3M-24.6%
YTD+50.8%
1Y+41.9%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
C-
Valuation
Fair value
Filings
Clean
Sell
Conviction
Horizon
Medium (3–12mo)

Strong net margin (115.0%); but revenue fell -124.2% YoY.

Revenue (FY2025) -$56.2M · FY2025

United States Oil Fund, LP shows -$56.2M in FY2025 revenue (-124.2% YoY), a 115.0% net margin.

Supporting the case: strong net margin (115.0%).

Is USO a buy? The one-page verdict, explained →

The options angle

model · matches our verdict
Bear put spread~60d expiry
  • Long put 104 @ ~6.86 est
  • Short put 94 @ ~2.81 est
debit $405max +$595max −$405BE 99.95

SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.

Open in the calculator →

Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$1.63B$801M-$34.9M$232M-$56.2M
Gross profit—————
Operating income—————
Net income$1.60B$785M-$46.0M$221M-$64.7M
Diluted EPS—————
Net margin98.5%98.1%131.9%95.3%115.0%

10-year statements — income, cash flow, balance sheet & CSV export →

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-4.2%
FCF yield—

Quality & risk

ROIC (est.)—
Free cash flow—
Total debt—
Net cash$652M
Piotroski F-Score1/6

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+10.4%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Routine disclosure cadence — no material red flags in recent filings.
  1. 8-K Reg FD disclosure2026-06-29
  2. 8-K Reg FD disclosure2026-05-28
  3. 10-Q Quarterly report2026-05-08
  4. 8-K Reg FD disclosure2026-04-29
  5. 8-K Reg FD disclosure2026-03-27
  6. 8-K Reg FD disclosure2026-03-27
  7. 8-K Reg FD disclosure2026-03-20
  8. 10-K Annual report2026-02-27
  9. 10-Q Quarterly report2025-11-07

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-06-292026-06-29open ↗8-KPeriod ending 2026-05-282026-05-28open ↗POS EXFiling2026-05-14open ↗10-QPeriod ending 2026-03-312026-05-08open ↗8-KPeriod ending 2026-04-292026-04-29open ↗424B3Filing2026-04-24open ↗424IFiling2026-03-30open ↗8-KPeriod ending 2026-03-272026-03-27open ↗8-KPeriod ending 2026-03-272026-03-27open ↗8-KPeriod ending 2026-03-202026-03-20open ↗10-KPeriod ending 2025-12-312026-02-27open ↗8-KPeriod ending 2026-02-272026-02-27open ↗

Quality score

C-
ValueGrowthProfitHealthMom.
Value—
GrowthF
ProfitabilityA+
Financial healthF
MomentumD
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✓Net margin above 10%
66.1752-week152.96
Revenue
-$56.2M
-124.2% YoY
Net margin
115.0%
ROE
—
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue-$56.2M-124.2%
Net income-$64.7M-129.2%
Cash & equivalents$652M-10.4%
Total assets$890M-19.1%
Total liabilities$3.54M-67.4%

Frequently asked

Is United States Oil Fund, LP (USO) a buy?
USO currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Strong net margin (115.0%); but revenue fell -124.2% YoY.
What is United States Oil Fund, LP's quality score?
USO scores 50.612578193586444/100 (grade C-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001327068, latest 10-Q filed 2026-05-08) · EODHD · as of 6/17/2026, 7:29:02 PM.

›About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice

Rule-based analysis, generated automatically from SEC filing data.

Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 17, 2026, 3:29 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2006-04-25
SAC CAPITAL ASSOCIATES LLC
10% owner
Sell50.0K @ $70.82$3.54M
2006-04-25
SAC CAPITAL ADVISORS LLC
10% owner
Sell50.0K @ $70.82$3.54M

Congressional trades

all activity →

Disclosed under the STOCK Act

2022-12-01Daniel CrenshawBuy$1.00K–$15.0KPTR ↗

Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.

Vs tracked universe

compare →

1195 tracked peers · median

TENK Score51 vs 67
Revenue growth-124.2% vs 7.5%
Net margin115.0% vs 10.0%
Return on equity— vs 12.0%
P/E— vs 26.2