US BANCORP (USB) Fundamental Analysis & Valuation

NYSE:USB • US9029733048

52.37 USD
-1.54 (-2.86%)
At close: Mar 6, 2026
52.2 USD
-0.17 (-0.32%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This USB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, USB scores 3 out of 10 in our fundamental rating. USB was compared to 379 industry peers in the Banks industry. While USB is still in line with the averages on profitability rating, there are concerns on its financial health. USB is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. USB Profitability Analysis

1.1 Basic Checks

  • USB had positive earnings in the past year.
  • USB had a positive operating cash flow in the past year.
  • Each year in the past 5 years USB has been profitable.
  • In the past 5 years USB always reported a positive cash flow from operatings.
USB Yearly Net Income VS EBIT VS OCF VS FCFUSB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

1.2 Ratios

  • With a Return On Assets value of 0.98%, USB perfoms like the industry average, outperforming 55.94% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 10.75%, USB is in the better half of the industry, outperforming 70.98% of the companies in the same industry.
Industry RankSector Rank
ROA 0.98%
ROE 10.75%
ROIC N/A
ROA(3y)0.89%
ROA(5y)0.96%
ROE(3y)10.09%
ROE(5y)10.99%
ROIC(3y)N/A
ROIC(5y)N/A
USB Yearly ROA, ROE, ROICUSB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • USB has a Profit Margin (24.16%) which is comparable to the rest of the industry.
  • USB's Profit Margin has improved in the last couple of years.
  • USB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 24.16%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.48%
PM growth 5Y4.85%
GM growth 3YN/A
GM growth 5YN/A
USB Yearly Profit, Operating, Gross MarginsUSB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. USB Health Analysis

2.1 Basic Checks

  • USB does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for USB has been reduced compared to 1 year ago.
  • Compared to 5 years ago, USB has more shares outstanding
  • Compared to 1 year ago, USB has a worse debt to assets ratio.
USB Yearly Shares OutstandingUSB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
USB Yearly Total Debt VS Total AssetsUSB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B

2.2 Solvency

  • USB has a debt to FCF ratio of 7.88. This is a slightly negative value and a sign of low solvency as USB would need 7.88 years to pay back of all of its debts.
  • USB has a Debt to FCF ratio of 7.88. This is in the lower half of the industry: USB underperforms 76.25% of its industry peers.
  • A Debt/Equity ratio of 1.23 is on the high side and indicates that USB has dependencies on debt financing.
  • The Debt to Equity ratio of USB (1.23) is worse than 86.02% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF 7.88
Altman-Z N/A
ROIC/WACCN/A
WACC13.39%
USB Yearly LT Debt VS Equity VS FCFUSB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
USB Yearly Current Assets VS Current LiabilitesUSB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. USB Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 16.08% over the past year.
  • The Earnings Per Share has been growing by 8.52% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 4.41% in the past year.
  • USB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.21% yearly.
EPS 1Y (TTM)16.08%
EPS 3Y1.18%
EPS 5Y8.52%
EPS Q2Q%17.76%
Revenue 1Y (TTM)4.41%
Revenue growth 3Y5.68%
Revenue growth 5Y4.21%
Sales Q2Q%5.13%

3.2 Future

  • USB is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.00% yearly.
  • The Revenue is expected to grow by 4.78% on average over the next years.
EPS Next Y9.78%
EPS Next 2Y10.19%
EPS Next 3Y9.64%
EPS Next 5Y6%
Revenue Next Year5.61%
Revenue Next 2Y5.29%
Revenue Next 3Y4.78%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
USB Yearly Revenue VS EstimatesUSB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 10B 20B 30B
USB Yearly EPS VS EstimatesUSB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6

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5

4. USB Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.34, the valuation of USB can be described as very reasonable.
  • The rest of the industry has a similar Price/Earnings ratio as USB.
  • USB is valuated cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 10.33, the valuation of USB can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of USB is on the same level as its industry peers.
  • USB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.57.
Industry RankSector Rank
PE 11.34
Fwd PE 10.33
USB Price Earnings VS Forward Price EarningsUSB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of USB indicates a somewhat cheap valuation: USB is cheaper than 77.84% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 8.23
EV/EBITDA N/A
USB Per share dataUSB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.16
PEG (5Y)1.33
EPS Next 2Y10.19%
EPS Next 3Y9.64%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. USB Dividend Analysis

5.1 Amount

  • USB has a Yearly Dividend Yield of 3.63%. Purely for dividend investing, there may be better candidates out there.
  • USB's Dividend Yield is a higher than the industry average which is at 2.73.
  • Compared to an average S&P500 Dividend Yield of 1.82, USB pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.63%

5.2 History

  • The dividend of USB has a limited annual growth rate of 3.70%.
  • USB has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of USB decreased recently.
Dividend Growth(5Y)3.7%
Div Incr Years1
Div Non Decr Years1
USB Yearly Dividends per shareUSB Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

  • 51.09% of the earnings are spent on dividend by USB. This is a bit on the high side, but may be sustainable.
  • USB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP51.09%
EPS Next 2Y10.19%
EPS Next 3Y9.64%
USB Yearly Income VS Free CF VS DividendUSB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B
USB Dividend Payout.USB Dividend Payout, showing the Payout Ratio.USB Dividend Payout.PayoutRetained Earnings

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USB Fundamentals: All Metrics, Ratios and Statistics

US BANCORP

NYSE:USB (3/6/2026, 8:04:00 PM)

After market: 52.2 -0.17 (-0.32%)

52.37

-1.54 (-2.86%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-20
Earnings (Next)04-16
Inst Owners83%
Inst Owner Change2.88%
Ins Owners0.08%
Ins Owner Change4.43%
Market Cap81.37B
Revenue(TTM)28.54B
Net Income(TTM)6.81B
Analysts75.33
Price Target64.62 (23.39%)
Short Float %1.78%
Short Ratio2.55
Dividend
Industry RankSector Rank
Dividend Yield 3.63%
Yearly Dividend2.25
Dividend Growth(5Y)3.7%
DP51.09%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.11%
Min EPS beat(2)2.83%
Max EPS beat(2)7.4%
EPS beat(4)4
Avg EPS beat(4)3.71%
Min EPS beat(4)0.45%
Max EPS beat(4)7.4%
EPS beat(8)7
Avg EPS beat(8)2.85%
EPS beat(12)10
Avg EPS beat(12)2.34%
EPS beat(16)13
Avg EPS beat(16)1.84%
Revenue beat(2)1
Avg Revenue beat(2)-0.53%
Min Revenue beat(2)-2.01%
Max Revenue beat(2)0.95%
Revenue beat(4)1
Avg Revenue beat(4)-0.78%
Min Revenue beat(4)-2.01%
Max Revenue beat(4)0.95%
Revenue beat(8)1
Avg Revenue beat(8)-0.98%
Revenue beat(12)1
Avg Revenue beat(12)-1.39%
Revenue beat(16)2
Avg Revenue beat(16)-1.23%
PT rev (1m)3.47%
PT rev (3m)13.9%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.31%
EPS NY rev (1m)1.83%
EPS NY rev (3m)2.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.29%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)1.27%
Valuation
Industry RankSector Rank
PE 11.34
Fwd PE 10.33
P/S 2.89
P/FCF 8.23
P/OCF 8.23
P/B 1.29
P/tB 1.79
EV/EBITDA N/A
EPS(TTM)4.62
EY8.82%
EPS(NY)5.07
Fwd EY9.68%
FCF(TTM)6.37
FCFY12.16%
OCF(TTM)6.37
OCFY12.16%
SpS18.12
BVpS40.73
TBVpS29.3
PEG (NY)1.16
PEG (5Y)1.33
Graham Number65.07
Profitability
Industry RankSector Rank
ROA 0.98%
ROE 10.75%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 24.16%
GM N/A
FCFM 35.13%
ROA(3y)0.89%
ROA(5y)0.96%
ROE(3y)10.09%
ROE(5y)10.99%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.48%
PM growth 5Y4.85%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 1.23
Debt/FCF 7.88
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 145.37%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC13.39%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16.08%
EPS 3Y1.18%
EPS 5Y8.52%
EPS Q2Q%17.76%
EPS Next Y9.78%
EPS Next 2Y10.19%
EPS Next 3Y9.64%
EPS Next 5Y6%
Revenue 1Y (TTM)4.41%
Revenue growth 3Y5.68%
Revenue growth 5Y4.21%
Sales Q2Q%5.13%
Revenue Next Year5.61%
Revenue Next 2Y5.29%
Revenue Next 3Y4.78%
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y43%
OCF growth 3YN/A
OCF growth 5YN/A

US BANCORP / USB FAQ

Can you provide the ChartMill fundamental rating for US BANCORP?

ChartMill assigns a fundamental rating of 3 / 10 to USB.


What is the valuation status of US BANCORP (USB) stock?

ChartMill assigns a valuation rating of 5 / 10 to US BANCORP (USB). This can be considered as Fairly Valued.


What is the profitability of USB stock?

US BANCORP (USB) has a profitability rating of 3 / 10.


How financially healthy is US BANCORP?

The financial health rating of US BANCORP (USB) is 0 / 10.


Can you provide the dividend sustainability for USB stock?

The dividend rating of US BANCORP (USB) is 6 / 10 and the dividend payout ratio is 51.09%.