U.S. Bancorp (USB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

U.S. Bancorp

NYSE•Financial Services•Banks - Regional

$59.88-0.38(-0.01%)Market open

Market Cap

$93.05B

P/E

11.4x

P/S

3.1x

P/B

1.4x

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. The company operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. It offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products and credit card services, lease financing and import/export trade, agricultural finance, asset-backed lending, and other products. The company also provides cash management, capital markets, and trust and investment management services; and ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. In addition, it offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations; and investment and insurance products to its customers principally within its domestic markets, as well as fund administration services to mutual and other funds. Further, the company provides corporate and purchasing card, and corporate trust services; and credit card services, merchant and ATM processing, mortgage banking, insurance, brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota.

How this company scores

ExcellentMetricSide Score: 87/100

Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (19/25).

Profitability23/25

Growth21/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowStrong marginsRising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.4x5y range 7.8x – 14.7x

Currently near its 20-quarter median.

P/S · 3.1x5y range 1.9x – 3.9x

Currently near its 20-quarter median.

P/B · 1.4x5y range 0.9x – 1.7x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $93.05B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $29.58B
Q. Revenue: $7.69B
TTM EBITDA: $10.20B
TTM Op. Income: $10.20B
Q. Op. Income: $2.72B
TTM Net Income: $8.17B
Q. Net Income: $2.18B
EPS: $1.35
Shares Out.: $1.55B

$29.58B in TTM revenue grew 6.7% YoY, reaching $7.69B last quarter. TTM EBITDA of $10.20B and TTM operating income of $10.20B show growth is flowing through to the bottom line. TTM net income of $8.17B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 35.4%
Op. Margin: 35.4%
Net Margin: 28.3%

Op. margin of 35.4% is up 2.5% YoY — cost efficiency is improving. Net margin at 28.3% Over the past year, operating margin is up 8% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.4x
P/S Ratio: 3.1x
P/B Ratio: 1.4x

At 11.4x P/E, the stock trades below typical market levels. P/S of 3.1x and P/B of 1.4x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 11% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $725.92B
Cash: $66.49B
Long-Term Debt: $58.67B
Book Value: $67.43B
D/E Ratio: 0.9
Debt/EBITDA: 21.6

With $725.92B in assets and $58.67B in long-term debt, D/E is 0.9and book value is $67.43B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 16% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $4.82B
TTM Free Cash Flow: $12.38B
FCF Margin: 41.9%
FCF / Net Income: 1.5

TTM FCF of $12.38B on $4.82B in operating cash flow. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.