Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
U.S. Bancorp's quarterly P/E stands at 10.6x, down 10.6% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 9.8% YoY to 10.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 12.18 | 10.59 | 9.99 | 10.19 | 10.25 | 11.84 | 11.10 | 10.23 | 14.33 | 22.08 | 9.08 | 9.83 | 8.67 |
| — | -10.6% | -10.0% | -0.4% | -28.5% | -46.4% | +22.2% | +4.1% | +65.3% | +15.4% | +4.5% | -15.4% | -35.4% | |
| P/S Ratio | 2.04 | 1.89 | 1.71 | 1.68 | 1.59 | 1.75 | 1.65 | 1.43 | 1.66 | 1.62 | 1.22 | 1.24 | 1.46 |
| — | +8.1% | +3.3% | +16.8% | -4.5% | +7.7% | +36.0% | +16.1% | +14.2% | -20.5% | -41.5% | -54.0% | -57.1% | |
| P/B Ratio | 1.33 | 1.26 | 1.18 | 1.14 | 1.09 | 1.26 | 1.20 | 1.09 | 1.24 | 1.21 | 0.96 | 0.95 | 1.03 |
| — | +0.1% | -2.0% | +4.6% | -12.5% | +4.5% | +25.9% | +15.0% | +20.4% | -5.4% | -23.5% | -32.1% | -32.4% | |
| P/FCF | — | — | 5.55 | 8.68 | — | 3.91 | 18.36 | 5.39 | 6.55 | 40.52 | 3.31 | 3.82 | 16.40 |
| — | — | -69.8% | +61.1% | — | -90.3% | +455.4% | +41.2% | -60.1% | +1605.6% | -22.7% | -49.8% | +604.0% | |
| EV / EBITDA | 11.50 | 10.72 | 7.88 | 9.14 | 9.78 | 9.76 | 8.29 | 7.14 | 8.18 | 14.60 | 5.86 | 7.18 | 8.99 |
| — | +9.8% | -5.0% | +28.0% | +19.5% | -33.1% | +41.5% | -0.6% | -9.0% | -10.2% | -24.8% | -28.8% | -15.3% | |
| EV / EBIT | 12.44 | 11.26 | 8.55 | 10.01 | 10.75 | 10.87 | 9.21 | 7.95 | 9.34 | 18.25 | 6.63 | 8.23 | 10.06 |
| — | +3.6% | -7.2% | +25.8% | +15.1% | -40.5% | +39.0% | -3.3% | -7.2% | -3.1% | -19.4% | -23.4% | -11.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
U.S. Bancorp's operating margin was 23.1% in Q4 2025, up 0.1 pp QoQ and up 3.3 pp YoY. Gross margin expanded 11.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.8% | 66.8% | 61.1% | 61.5% | 61.7% | 60.2% | 58.2% | 58.1% | 58.6% | 59.9% | 61.7% | 61.6% | 70.9% |
| — | +11.1% | +5.1% | +5.9% | +5.4% | +0.5% | -5.6% | -5.8% | -17.3% | -6.7% | -25.2% | -30.7% | -24.5% | |
| Operating Margin | 22.2% | 23.1% | 23.0% | 21.8% | 20.9% | 19.8% | 19.2% | 19.0% | 16.0% | 9.6% | 18.6% | 17.1% | 22.8% |
| — | +16.7% | +19.7% | +14.4% | +30.4% | +105.2% | +3.4% | +11.5% | -29.9% | -29.9% | -41.8% | -44.1% | -32.2% | |
| Net Margin | 17.7% | 18.7% | 18.2% | 17.2% | 16.5% | 15.6% | 15.9% | 14.8% | 12.6% | 8.2% | 14.5% | 13.3% | 17.9% |
| — | +19.8% | +14.4% | +16.2% | +31.0% | +91.2% | +9.8% | +11.8% | -29.7% | -29.3% | -42.5% | -44.7% | -33.1% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.2% | 3.2% | 3.2% | 3.0% | 2.9% | 2.8% | 2.9% | 2.8% | 2.4% | 1.5% | 2.8% | 2.5% | 3.2% |
| — | +12.8% | +7.9% | +4.4% | +21.1% | +81.4% | +3.7% | +11.5% | -27.3% | -16.9% | -23.8% | -16.3% | +11.5% | |
| ROA | 1.1% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% | 0.3% |
| — | +21.3% | +15.4% | +13.3% | +28.9% | +91.6% | +11.1% | +17.7% | -21.7% | -12.3% | -25.7% | -23.2% | -6.8% | |
| ROIC | 5.2% | 1.3% | 1.3% | 1.2% | 1.2% | 1.2% | 1.2% | 1.2% | 1.0% | 0.6% | 1.2% | 0.9% | 1.2% |
| — | +13.9% | +14.1% | +0.9% | +18.6% | +87.9% | +0.2% | +32.1% | -14.3% | -14.3% | -28.8% | -33.7% | -17.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
U.S. Bancorp's Debt/EBITDA ratio is 29.3x, up from 28.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 865.0% YoY to 2.73x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.19 | 1.19 | 1.22 | 1.28 | 1.27 | 1.25 | 1.32 | 1.22 | 1.25 | 1.20 | 1.21 | 1.45 | 1.85 |
| — | -4.7% | -7.7% | +4.9% | +2.1% | +4.0% | +9.2% | -16.1% | -32.7% | -13.7% | +1.6% | +31.0% | +77.2% | |
| Debt / EBITDA | 7.57 | 29.31 | 28.38 | 31.49 | 32.44 | 31.34 | 34.11 | 30.25 | 36.56 | 53.41 | 29.39 | 38.69 | 40.94 |
| — | -6.5% | -16.8% | +4.1% | -11.3% | -41.3% | +16.1% | -21.8% | -10.7% | -4.1% | +24.4% | +47.5% | +58.3% | |
| Current Ratio | 2.73 | 2.73 | 0.30 | 0.29 | 0.27 | 0.28 | 0.30 | 0.29 | 0.29 | 0.26 | 0.26 | 0.27 | 0.25 |
| — | +865.0% | +0.4% | +2.4% | -5.5% | +7.5% | +16.2% | +6.5% | +14.7% | +7.9% | +7.0% | -11.0% | -32.1% | |
| Quick Ratio | 2.73 | 2.73 | 0.30 | 0.29 | 0.27 | 0.28 | 0.30 | 0.29 | 0.29 | 0.26 | 0.26 | 0.27 | 0.25 |
| — | +865.0% | +0.4% | +2.4% | -5.5% | +7.5% | +16.2% | +6.5% | +14.7% | +7.9% | +7.0% | -11.0% | -32.1% | |
| Interest Coverage | 0.66 | 0.70 | 0.68 | 0.65 | 0.63 | 0.57 | 0.52 | 0.52 | 0.44 | 0.27 | 0.56 | 0.56 | 0.93 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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U.S. Bancorp's current P/E is 12.2x. The average P/E over the last 4 quarters is 10.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
U.S. Bancorp's current operating margin is 22.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking U.S. Bancorp's business trajectory between earnings reports.