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 → | 12.61 | 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 | 2.11 | 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 | 1.38 | 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 | 11.35 | 7.32 | 5.55 | 8.68 | — | 3.91 | 18.36 | 5.39 | 6.55 | 40.52 | 3.31 | 3.82 | 16.40 |
| — | +87.0% | -69.8% | +61.1% | — | -90.3% | +455.4% | +41.2% | -60.1% | +1605.6% | -22.7% | -49.8% | +604.0% | |
| EV / EBITDA | 11.81 | 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 | 12.77 | 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 weakened 9.8% YoY to 0.26x, tightening 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 | 0.26 | 0.26 | 0.30 | 0.29 | 0.27 | 0.28 | 0.30 | 0.29 | 0.29 | 0.26 | 0.26 | 0.27 | 0.25 |
| — | -9.8% | +0.4% | +2.4% | -5.5% | +7.5% | +16.2% | +6.5% | +14.7% | +7.9% | +7.0% | -11.0% | -32.1% | |
| Quick Ratio | 0.26 | 0.26 | 0.30 | 0.29 | 0.27 | 0.28 | 0.30 | 0.29 | 0.29 | 0.26 | 0.26 | 0.27 | 0.25 |
| — | -9.8% | +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
Deep dive into USB consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying USB stock.
U.S. Bancorp's current P/E is 12.6x. 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.