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United States Oil Fund, LP vs ProShares Trust II: USO and AGQ compared
United States Oil Fund, LP is the larger company: $986M of revenue in its latest quarter (Q1 2026) against $41.2M for ProShares Trust II (Q3 2026). United States Oil Fund, LP is growing faster (23× against +18% a year earlier).
Where the money goes: USO and AGQ
United States Oil Fund, LP (USO) · Q1 2026
United States Oil Fund, LP, Q1 2026: revenue $986M (23× year over year), operating margin 99.7%, net earnings $984M, operating cash flow $632M. The chart follows the revenue to costs, profit and cash.
ProShares Trust II (AGQ) · Q3 2026
ProShares Trust II, Q3 2026: revenue $41.2M (+18% year over year), net loss $419M, operating cash flow −$804M. The chart follows the revenue to costs, profit and cash.
| United States Oil Fund, LP (USO) | ProShares Trust II (AGQ) | |
|---|---|---|
| Latest quarter | Q1 2026 | Q3 2026 |
| Revenue | $986M | $41.2M |
| Revenue growth, Y/Y | 23× | +18% |
| Operating margin | 99.7% | n/m |
| Net earnings | $984M | −$419M |
| Net margin | 99.7% | — |
| Operating cash flow | $632M | −$804M |
| Market value | $2.2B | — |
| P/E | 3.7× | — |
Questions
Which is bigger, United States Oil Fund, LP or ProShares Trust II?
United States Oil Fund, LP is the larger company: $986M of revenue in its latest quarter (Q1 2026) against $41.2M for ProShares Trust II (Q3 2026).
Is United States Oil Fund, LP or ProShares Trust II growing faster?
United States Oil Fund, LP is growing faster (23× against +18% a year earlier).
More: United States Oil Fund, LP earnings · how United States Oil Fund, LP makes money · ProShares Trust II earnings · how ProShares Trust II makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed May 8, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.