What is USB-PQ's earnings per share (EPS)?

USB-PQ (USB-PQ) reported diluted earnings per share of $4.62 for fiscal year 2025. This represents a 21.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

USB-PQ Financials

USB-PQ

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows USB-PQ (USB-PQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI USB-PQ FY2025 2026-04-22

Small improvements in asset returns are being magnified by leverage, while cash generation remains less dependable than reported profit.

Between FY2024 and FY2025, equity growth of $6.6B was almost as large as the increase in liabilities of $7.4B. That unusual funding mix for a balance sheet this size helps explain why debt-to-equity eased to 9.6x even as assets kept expanding, meaning recent growth leaned more on retained capital than on added leverage.

Leverage remains the main earnings amplifier: FY2025 ROA was only 1.1%, yet ROE reached 11.6%. When liabilities fund most assets, even small changes in asset profitability can move shareholder returns sharply, so the balance sheet matters more here than classic product-margin analysis.

Revenue has hovered near $28B since FY2023, yet net income still climbed to $7.6B in FY2025. At the same time, operating cash flow slipped versus FY2024, which suggests the earnings rebound came more from improved efficiency and accounting profitability than from cash release that was equally strong.

Financial Health Signals

Financial health score pending refresh

We are recalculating USB-PQ's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

6/6

USB-PQ passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.05x

For every $1 of reported earnings, USB-PQ generates $1.05 in operating cash flow ($8.0B OCF vs $7.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$28.7B

YoY+4.4%

5Y CAGR+14.1%

10Y CAGR+3.5%

USB-PQ generated $28.7B in revenue in fiscal year 2025. This represents an increase of 4.4% from the prior year.

EBITDA

N/A

Net Income

$7.6B

YoY+20.2%

5Y CAGR+8.8%

10Y CAGR+2.6%

USB-PQ reported $7.6B in net income in fiscal year 2025. This represents an increase of 20.2% from the prior year.

EPS (Diluted)

$4.62

YoY+21.9%

5Y CAGR+8.6%

10Y CAGR+3.9%

USB-PQ earned $4.62 per diluted share (EPS) in fiscal year 2025. This represents an increase of 21.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$46.9B

YoY-17.0%

5Y CAGR-5.6%

USB-PQ held $46.9B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.04

YoY+3.0%

5Y CAGR+4.0%

10Y CAGR+7.3%

USB-PQ paid $2.04 per share in dividends in fiscal year 2025. This represents an increase of 3.0% from the prior year.

Shares Outstanding

1.55B

YoY-0.4%

5Y CAGR+0.7%

10Y CAGR-1.1%

USB-PQ had 1.55B shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

26.4%

YoY+3.5pp

5Y CAGR-7.0pp

10Y CAGR-2.5pp

USB-PQ's net profit margin was 26.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.5 percentage points from the prior year.

Return on Equity

11.6%

YoY+0.9pp

5Y CAGR+2.3pp

10Y CAGR-1.1pp

USB-PQ's ROE was 11.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$489.0M

YoY+182.7%

5Y CAGR-21.8%

10Y CAGR-13.9%

USB-PQ spent $489.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 182.7% from the prior year.

Capital Expenditures

N/A

USB-PQ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$28.7B+4.4%	$27.5B-2.4%	$28.1B+15.8%	$24.3B+80.2%	$13.5B-9.1%	$14.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.8B-2.0%	$17.2B-8.9%	$18.9B+26.6%	$14.9B+8.6%	$13.7B+2.7%	$13.4B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$14.3B-6.9%	$15.4B+21.9%	$12.6B+292.0%	$3.2B+224.0%	$993.0M-50.7%	$2.0B
Income Tax	$1.9B+21.6%	$1.6B+12.3%	$1.4B-3.8%	$1.5B-32.9%	$2.2B+104.6%	$1.1B
Net Income	$7.6B+20.2%	$6.3B+16.0%	$5.4B-6.8%	$5.8B-26.8%	$8.0B+60.6%	$5.0B
EPS (Diluted)	$4.62+21.9%	$3.79+15.9%	$3.27-11.4%	$3.69-27.6%	$5.10+66.7%	$3.06

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$7.3B-1.0%	$7.4B+0.5%	$7.3B+4.6%	$7.0B+0.7%	$7.0B-0.7%	$7.0B+2.1%	$6.9B0.0%	$6.9B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.3B+0.9%	$4.2B+0.7%	$4.2B+0.4%	$4.2B-1.2%	$4.2B-1.8%	$4.3B+2.5%	$4.2B-0.2%	$4.2B
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.6B-1.8%	$3.6B-1.8%	$3.7B+4.3%	$3.6B+3.8%	$3.4B-7.1%	$3.7B-6.7%	$4.0B-0.3%	$4.0B
Income Tax	$469.0M-2.7%	$482.0M-8.0%	$524.0M+11.0%	$472.0M+6.5%	$443.0M+1.1%	$438.0M+25.1%	$350.0M-21.3%	$445.0M
Net Income	$1.9B-4.9%	$2.0B+2.2%	$2.0B+10.2%	$1.8B+6.2%	$1.7B+2.8%	$1.7B-3.0%	$1.7B+6.9%	$1.6B
EPS (Diluted)	$1.18	N/A	$1.22+9.9%	$1.11+7.8%	$1.03	N/A	$1.03+6.2%	$0.97

USB-PQ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$692.3B+2.1%	$678.3B+2.2%	$663.5B-1.7%	$674.8B+17.7%	$573.3B+3.5%	$553.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$46.9B-17.0%	$56.5B-7.7%	$61.2B+14.3%	$53.5B+85.2%	$28.9B-53.8%	$62.6B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$12.6B+0.8%	$12.5B+0.4%	$12.5B+0.9%	$12.4B+20.6%	$10.3B+3.5%	$9.9B
Total Liabilities	$626.7B+1.2%	$619.3B+1.9%	$607.7B-2.5%	$623.6B+20.4%	$517.9B+3.5%	$500.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$39.8B+24.0%	$32.1B-22.2%	$41.3B
Total Equity	$65.2B+11.3%	$58.6B+5.9%	$55.3B+8.9%	$50.8B-7.6%	$54.9B+3.4%	$53.1B
Retained Earnings	$80.9B+5.3%	$76.9B+3.8%	$74.0B+3.0%	$71.9B+3.9%	$69.2B+7.8%	$64.2B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$701.0B+1.2%	$692.3B-0.4%	$695.4B+1.3%	$686.4B+1.5%	$676.5B-0.3%	$678.3B-1.2%	$686.5B+0.9%	$680.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$48.4B+3.3%	$46.9B-29.6%	$66.6B+15.3%	$57.8B+15.6%	$50.0B-11.5%	$56.5B-23.2%	$73.6B+11.7%	$65.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$12.6B-0.1%	$12.6B0.0%	$12.6B0.0%	$12.6B+0.7%	$12.6B+0.2%	$12.5B-0.3%	$12.6B+0.8%	$12.5B
Total Liabilities	$634.8B+1.3%	$626.7B-0.8%	$631.6B+1.1%	$624.5B+1.4%	$615.9B-0.5%	$619.3B-1.3%	$627.1B+0.6%	$623.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$65.8B+0.9%	$65.2B+2.9%	$63.3B+3.1%	$61.4B+2.2%	$60.1B+2.6%	$58.6B-0.5%	$58.9B+4.3%	$56.4B
Retained Earnings	$81.9B+1.3%	$80.9B+1.5%	$79.7B+1.4%	$78.7B+1.2%	$77.7B+1.1%	$76.9B+1.1%	$76.1B+1.1%	$75.2B

USB-PQ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$8.0B-29.8%	$11.3B+35.2%	$8.4B-60.3%	$21.1B+114.0%	$9.9B+165.6%	$3.7B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$20.5B+16.3%	-$24.5B-229.6%	$18.9B+152.3%	$7.5B+113.0%	-$57.5B-272.3%	-$15.4B
Financing Cash Flow	$2.3B-74.5%	$8.8B+144.1%	-$20.0B-402.2%	-$4.0B-128.6%	$13.9B-73.1%	$51.9B
Dividends Paid	$3.2B+2.5%	$3.1B+4.1%	$3.0B+7.0%	$2.8B+7.6%	$2.6B+1.1%	$2.6B
Share Buybacks	$489.0M+182.7%	$173.0M+179.0%	$62.0M-10.1%	$69.0M-95.6%	$1.6B-7.0%	$1.7B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$1.3B-52.8%	$2.8B-16.3%	$3.4B+64.9%	$2.1B+766.9%	-$308.0M-106.4%	$4.8B+398.3%	$972.0M-66.2%	$2.9B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$5.4B+68.2%	-$16.9B-7426.1%	$230.0M+116.8%	-$1.4B+46.2%	-$2.5B+80.2%	-$12.9B-893.8%	$1.6B+119.5%	-$8.3B
Financing Cash Flow	$5.7B+188.1%	-$6.4B-223.5%	$5.2B-29.3%	$7.4B+289.2%	-$3.9B+55.2%	-$8.7B-269.4%	$5.1B+190.1%	-$5.7B
Dividends Paid	$816.0M+0.4%	$813.0M+3.7%	$784.0M0.0%	$784.0M-0.4%	$787.0M+0.3%	$785.0M+2.2%	$768.0M-0.1%	$769.0M
Share Buybacks	$276.0M+126.2%	$122.0M+20.8%	$101.0M-4.7%	$106.0M-33.8%	$160.0M+31.1%	$122.0M+12100.0%	$1.0M0.0%	$1.0M

USB-PQ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	26.4%+3.5pp	22.9%+3.7pp	19.3%-4.7pp	24.0%-35.1pp	59.0%+25.6pp	33.4%
Return on Equity	11.6%+0.9pp	10.8%+0.9pp	9.8%-1.7pp	11.5%-3.0pp	14.5%+5.2pp	9.3%
Return on Assets	1.1%+0.2pp	0.9%+0.1pp	0.8%-0.0pp	0.9%-0.5pp	1.4%+0.5pp	0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.61-1.0	10.57-0.4	10.99+10.2	0.78+0.2	0.58-0.2	0.78
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	26.7%-1.1pp	27.8%+0.5pp	27.3%+1.4pp	25.9%+1.3pp	24.6%+0.8pp	23.7%-1.2pp	25.0%+1.6pp	23.3%
Return on Equity	3.0%-0.2pp	3.1%-0.0pp	3.2%+0.2pp	2.9%+0.1pp	2.8%0.0pp	2.8%-0.1pp	2.9%+0.1pp	2.8%
Return on Assets	0.3%-0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.3%0.0pp	0.3%0.0pp	0.3%0.0pp	0.3%+0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.65+0.0	9.61-0.4	9.97-0.2	10.16-0.1	10.25-0.3	10.57-0.1	10.66-0.4	11.05
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is USB-PQ's annual revenue?

USB-PQ (USB-PQ) reported $28.7B in total revenue for fiscal year 2025. This represents a 4.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is USB-PQ's revenue growing?

USB-PQ (USB-PQ) revenue grew by 4.4% year-over-year, from $27.5B to $28.7B in fiscal year 2025.

Is USB-PQ profitable?

Yes, USB-PQ (USB-PQ) reported a net income of $7.6B in fiscal year 2025, with a net profit margin of 26.4%.

What is USB-PQ's net profit margin?

USB-PQ (USB-PQ) had a net profit margin of 26.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does USB-PQ pay dividends?

Yes, USB-PQ (USB-PQ) paid $2.04 per share in dividends during fiscal year 2025.

What is USB-PQ's return on equity (ROE)?

USB-PQ (USB-PQ) has a return on equity of 11.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is USB-PQ's operating cash flow?

USB-PQ (USB-PQ) generated $8.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are USB-PQ's total assets?

USB-PQ (USB-PQ) had $692.3B in total assets as of fiscal year 2025, including both current and long-term assets.

Does USB-PQ buy back shares?

Yes, USB-PQ (USB-PQ) spent $489.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does USB-PQ have outstanding?

USB-PQ (USB-PQ) had 1.55B shares outstanding as of fiscal year 2025.

What is USB-PQ's debt-to-equity ratio?

USB-PQ (USB-PQ) had a debt-to-equity ratio of 9.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is USB-PQ's return on assets (ROA)?

USB-PQ (USB-PQ) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is USB-PQ's Piotroski F-Score?

USB-PQ (USB-PQ) has a Piotroski F-Score of 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are USB-PQ's earnings high quality?

USB-PQ (USB-PQ) has an earnings quality ratio of 1.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.