Aureus
AExcellent

U.S. Bancorp(USB)

A

Financial data as of Dec 31, 2025Improving · Financials

FCF Margin27.9%Free Cash Flow / Revenue
Cash Conversion105.3%Operating CF / Net Income
Free Cash Flow$8.0B
Revenue$28.5B
Net Cash-$21.5BNet debt position
Debt / FCF8.6xElevated debt burden
Current Ratio0.00Tight short-term liquidity
YoY FCF Growth+152.0%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (27.9%, 8.6x; 0.4x sector-adjusted)
→
-0.5Current ratio below 1.0 (0.00) (reduced — strong FCF covers short-term obligations)
→
+1Strong YoY FCF growth (152.0% YoY)
→
+1Very low debt-to-FCF ratio (8.6x; 0.4x sector-adjusted)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (27.9%)
  • Excellent cash conversion (105%)
  • Strong YoY FCF growth (+152.0%)

Concerns

  • Heavy debt position ($21.5B net debt, 8.6x FCF)
  • High debt-to-FCF ratio (8.6x)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin27.9%
Net Margin26.5%
Operating CF Margin27.9%
CapEx Ratio0.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$21.5BNet debt position
Debt / FCF8.6xElevated debt burden
Current Ratio0.00Tight liquidity
Debt / Equity1.17Moderate leverage

Quarterly FCF Trend

+152.0% YoYImproving (+152.0%)

Free cash flow per quarter

Sector Comparison — Financials

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameU.S. Bancorp
SectorFinancials
Free Cash Flow$8.0B
Revenue$28.5B
Net Income$7.6B
Operating Cash Flow$8.0B
Capital Expenditure$0
FCF Margin27.9%
Cash Conversion Rate105.3%
Net Margin26.5%
Total Debt$68.4B
Total Cash$46.9B
Net Cash-$21.5B
Current Ratio0.00
Debt / Equity1.17
Debt / FCF8.6x
YoY FCF Growth+152.0%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance