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US BANCORP (USB) Stock Fundamental Analysis

NYSE:USB - New York Stock Exchange, Inc. - US9029733048 - Common Stock - Currency: USD

44.56  -0.3 (-0.67%)

After market: 44.52 -0.04 (-0.09%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to USB. USB was compared to 393 industry peers in the Banks industry. USB may be in some trouble as it scores bad on both profitability and health. USB has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

USB had positive earnings in the past year.
In the past year USB had a positive cash flow from operations.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

1.2 Ratios

USB has a Return On Assets (0.93%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 10.49%, USB is in the better half of the industry, outperforming 72.77% of the companies in the same industry.
Industry RankSector Rank
ROA 0.93%
ROE 10.49%
ROIC N/A
ROA(3y)0.82%
ROA(5y)0.92%
ROE(3y)10.02%
ROE(5y)10.52%
ROIC(3y)N/A
ROIC(5y)N/A
USB Yearly ROA, ROE, ROICUSB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

With a Profit Margin value of 22.86%, USB perfoms like the industry average, outperforming 46.06% of the companies in the same industry.
USB's Profit Margin has declined 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) 22.86%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-13.56%
PM growth 5Y-5.56%
GM growth 3YN/A
GM growth 5YN/A
USB Yearly Profit, Operating, Gross MarginsUSB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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0

2. Health

2.1 Basic Checks

USB does not have a ROIC to compare to the WACC, probably because it is not profitable.
USB has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, USB has more shares outstanding
USB has a worse debt/assets ratio than last year.
USB Yearly Shares OutstandingUSB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
USB Yearly Total Debt VS Total AssetsUSB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B

2.2 Solvency

USB has a debt to FCF ratio of 9.25. This is a negative value and a sign of low solvency as USB would need 9.25 years to pay back of all of its debts.
USB has a Debt to FCF ratio of 9.25. This is in the lower half of the industry: USB underperforms 77.10% of its industry peers.
USB has a Debt/Equity ratio of 1.28. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of USB (1.28) is worse than 86.77% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.28
Debt/FCF 9.25
Altman-Z N/A
ROIC/WACCN/A
WACC14.15%
USB Yearly LT Debt VS Equity VS FCFUSB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 8.16% over the past year.
USB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.63% yearly.
The Revenue has been growing slightly by 1.69% in the past year.
The Revenue has been growing slightly by 3.62% on average over the past years.
EPS 1Y (TTM)8.16%
EPS 3Y-7.93%
EPS 5Y-1.63%
EPS Q2Q%13.27%
Revenue 1Y (TTM)1.69%
Revenue growth 3Y6.36%
Revenue growth 5Y3.62%
Sales Q2Q%2%

3.2 Future

The Earnings Per Share is expected to grow by 5.38% on average over the next years.
Based on estimates for the next years, USB will show a small growth in Revenue. The Revenue will grow by 3.94% on average per year.
EPS Next Y9.73%
EPS Next 2Y10.11%
EPS Next 3Y10.29%
EPS Next 5Y5.38%
Revenue Next Year3.02%
Revenue Next 2Y3.67%
Revenue Next 3Y3.94%
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 accelerating.
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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10B 20B 30B
USB Yearly EPS VS EstimatesUSB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2 4 6

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 10.51 indicates a reasonable valuation of USB.
Compared to the rest of the industry, the Price/Earnings ratio of USB indicates a somewhat cheap valuation: USB is cheaper than 67.18% of the companies listed in the same industry.
USB is valuated cheaply when we compare the Price/Earnings ratio to 26.41, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 9.24, the valuation of USB can be described as very reasonable.
Based on the Price/Forward Earnings ratio, USB is valued a bit cheaper than 60.81% of the companies in the same industry.
USB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 33.87.
Industry RankSector Rank
PE 10.51
Fwd PE 9.24
USB Price Earnings VS Forward Price EarningsUSB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, USB is valued a bit cheaper than 77.61% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.34
EV/EBITDA N/A
USB Per share dataUSB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

USB's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.08
PEG (5Y)N/A
EPS Next 2Y10.11%
EPS Next 3Y10.29%

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5. Dividend

5.1 Amount

USB has a Yearly Dividend Yield of 4.54%, which is a nice return.
USB's Dividend Yield is a higher than the industry average which is at 3.54.
USB's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
Industry RankSector Rank
Dividend Yield 4.54%

5.2 History

The dividend of USB has a limited annual growth rate of 4.83%.
USB has been paying a dividend for at least 10 years, so it has a reliable track record.
USB has decreased its dividend recently.
Dividend Growth(5Y)4.83%
Div Incr Years1
Div Non Decr Years1
USB Yearly Dividends per shareUSB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

54.91% of the earnings are spent on dividend by USB. This is a bit on the high side, but may be sustainable.
The dividend of USB is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP54.91%
EPS Next 2Y10.11%
EPS Next 3Y10.29%
USB Yearly Income VS Free CF VS DividendUSB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B
USB Dividend Payout.USB Dividend Payout, showing the Payout Ratio.USB Dividend Payout.PayoutRetained Earnings

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US BANCORP

NYSE:USB (8/11/2025, 8:07:42 PM)

After market: 44.52 -0.04 (-0.09%)

44.56

-0.3 (-0.67%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-17 2025-07-17/bmo
Earnings (Next)10-16 2025-10-16/bmo
Inst Owners81.24%
Inst Owner Change0.12%
Ins Owners0.07%
Ins Owner Change6.66%
Market Cap69.42B
Analysts76.43
Price Target54.53 (22.37%)
Short Float %1.3%
Short Ratio1.91
Dividend
Industry RankSector Rank
Dividend Yield 4.54%
Yearly Dividend2.21
Dividend Growth(5Y)4.83%
DP54.91%
Div Incr Years1
Div Non Decr Years1
Ex-Date06-30 2025-06-30 (0.5)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.31%
Min EPS beat(2)0.45%
Max EPS beat(2)4.16%
EPS beat(4)4
Avg EPS beat(4)2.77%
Min EPS beat(4)0.45%
Max EPS beat(4)4.16%
EPS beat(8)6
Avg EPS beat(8)1.65%
EPS beat(12)10
Avg EPS beat(12)1.57%
EPS beat(16)13
Avg EPS beat(16)2.58%
Revenue beat(2)0
Avg Revenue beat(2)-1.03%
Min Revenue beat(2)-1.3%
Max Revenue beat(2)-0.76%
Revenue beat(4)0
Avg Revenue beat(4)-1.08%
Min Revenue beat(4)-1.88%
Max Revenue beat(4)-0.36%
Revenue beat(8)0
Avg Revenue beat(8)-1.17%
Revenue beat(12)1
Avg Revenue beat(12)-1.27%
Revenue beat(16)3
Avg Revenue beat(16)-1.03%
PT rev (1m)5.47%
PT rev (3m)7.62%
EPS NQ rev (1m)-0.02%
EPS NQ rev (3m)-0.24%
EPS NY rev (1m)0%
EPS NY rev (3m)0.02%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-0.08%
Revenue NY rev (1m)-0.48%
Revenue NY rev (3m)-0.65%
Valuation
Industry RankSector Rank
PE 10.51
Fwd PE 9.24
P/S 2.52
P/FCF 8.34
P/OCF 8.34
P/B 1.16
P/tB 1.65
EV/EBITDA N/A
EPS(TTM)4.24
EY9.52%
EPS(NY)4.83
Fwd EY10.83%
FCF(TTM)5.34
FCFY11.99%
OCF(TTM)5.34
OCFY11.99%
SpS17.7
BVpS38.57
TBVpS27.06
PEG (NY)1.08
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.93%
ROE 10.49%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 22.86%
GM N/A
FCFM 30.19%
ROA(3y)0.82%
ROA(5y)0.92%
ROE(3y)10.02%
ROE(5y)10.52%
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
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-13.56%
PM growth 5Y-5.56%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 1.28
Debt/FCF 9.25
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 132.11%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score8
WACC14.15%
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)247.31%
Profit Quality(5y)190.42%
High Growth Momentum
Growth
EPS 1Y (TTM)8.16%
EPS 3Y-7.93%
EPS 5Y-1.63%
EPS Q2Q%13.27%
EPS Next Y9.73%
EPS Next 2Y10.11%
EPS Next 3Y10.29%
EPS Next 5Y5.38%
Revenue 1Y (TTM)1.69%
Revenue growth 3Y6.36%
Revenue growth 5Y3.62%
Sales Q2Q%2%
Revenue Next Year3.02%
Revenue Next 2Y3.67%
Revenue Next 3Y3.94%
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 1Y-38.25%
FCF growth 3Y4.53%
FCF growth 5Y18.19%
OCF growth 1Y-38.25%
OCF growth 3Y4.53%
OCF growth 5Y18.19%