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ProShares Trust II (UCO) Stock Fundamental Analysis & AI Rating 2026

UCO NYSE Commodity Contracts Brokers & Dealers DE CIK: 0001415311
Recently Updated • Analysis: Apr 18, 2026 • SEC Data: 2025-12-31
SELL
78% Conf
Pending
Analysis scheduled

📊 UCO Key Takeaways

Revenue: N/A
Net Margin: N/A
Free Cash Flow: $-246.3M
Current Ratio: N/A
Debt/Equity: 0.00x
EPS: $0.00
AI Rating: SELL with 78% confidence
ProShares Trust II (UCO) receives a SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings., and return on equity (ROE) of 29.9% Below is our complete UCO stock analysis for 2026.

Is ProShares Trust II (UCO) a Good Investment?

Claude

ProShares Trust II (UCO) exhibits severe fundamental deterioration with negative operating cash flow of -$246.3M, indicating significant redemption pressure or value erosion despite reported positive net income. As a leveraged commodity futures vehicle, the fund is structurally unsuitable for core portfolios and carries embedded volatility risk with inherent decay mechanisms in the fund structure.

Why Buy ProShares Trust II Stock? UCO Key Strengths

Claude
  • + Zero financial leverage with Debt/Equity ratio of 0.00x minimizes solvency risk
  • + Strong equity cushion of $5.7B provides substantial asset backing
  • + Significant liquid cash position of $2.0B supports operational stability

UCO Stock Risks: ProShares Trust II Investment Risks

Claude
  • ! Negative operating cash flow of -$246.3M signals fund redemptions or deteriorating fund value
  • ! Leveraged crude oil futures exposure creates compounding losses and structural decay in sideways/declining crude markets
  • ! Fund-based structure with commodity focus makes sustainability dependent on volatile commodity price dynamics; high expense drag typical of leveraged ETFs erodes long-term returns

Key Metrics to Watch

Claude
  • * Operating cash flow trend - critical indicator of fund viability
  • * Net asset value and year-over-year redemption patterns
  • * Crude oil futures performance correlation to fund returns

ProShares Trust II (UCO) Financial Metrics & Key Ratios

Revenue
N/A
Net Income
$1.7B
EPS (Diluted)
$0.00
Free Cash Flow
$-246.3M
Total Assets
$6.1B
Cash Position
$2.0B

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

UCO Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin N/A
ROE 29.9%
ROA 28.2%
FCF Margin N/A

UCO vs Market Sector: How ProShares Trust II Compares

How ProShares Trust II compares to Market sector averages

Net Margin
UCO 0.0%
vs
Sector Avg 12.0%
UCO Sector
ROE
UCO 29.9%
vs
Sector Avg 15.0%
UCO Sector
Current Ratio
UCO 0.0x
vs
Sector Avg 1.8x
UCO Sector
Debt/Equity
UCO 0.0x
vs
Sector Avg 0.7x
UCO Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is ProShares Trust II Stock Overvalued? UCO Valuation Analysis 2026

Based on fundamental analysis, ProShares Trust II appears fundamentally strong relative to the Market sector in 2026.

Return on Equity
29.9%
Sector avg: 15%
Net Profit Margin
N/A
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

ProShares Trust II Balance Sheet: UCO Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.00x
Debt/Assets
5.6%
Interest Coverage
N/A
Long-term Debt
N/A

UCO Revenue & Earnings Growth: 5-Year Financial Trend

UCO 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: ProShares Trust II's revenue has remained relatively flat over the 5-year period, with a 0% decline.

UCO Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
N/A
Free cash flow / Revenue

ProShares Trust II Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$246.3M
Cash generated from operations
Stock Buybacks
$13.0B
Shares repurchased (TTM)
Dividends
None
No dividend program

UCO SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for ProShares Trust II (CIK: 0001415311)

📋 Recent SEC Filings

Date Form Document Action
Feb 26, 2026 10-K d785470d10k.htm View →
Feb 12, 2026 8-K d39409d8k.htm View →
Nov 7, 2025 10-Q d67672d10q.htm View →
Nov 4, 2025 8-K d904599d8k.htm View →
Aug 8, 2025 10-Q d847696d10q.htm View →

Frequently Asked Questions about UCO

What is the AI rating for UCO?

ProShares Trust II (UCO) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are UCO's key strengths?

Claude: Zero financial leverage with Debt/Equity ratio of 0.00x minimizes solvency risk. Strong equity cushion of $5.7B provides substantial asset backing.

What are the risks of investing in UCO?

Claude: Negative operating cash flow of -$246.3M signals fund redemptions or deteriorating fund value. Leveraged crude oil futures exposure creates compounding losses and structural decay in sideways/declining crude markets.

What is UCO's revenue and growth?

ProShares Trust II reported revenue of N/A.

Does UCO pay dividends?

ProShares Trust II does not currently pay dividends.

Where can I find UCO SEC filings?

Official SEC filings for ProShares Trust II (CIK: 0001415311) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is UCO's EPS?

ProShares Trust II has a diluted EPS of $0.00.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is UCO a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, ProShares Trust II has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is UCO stock overvalued or undervalued?

Valuation metrics for UCO: ROE of 29.9% (sector avg: 15%), net margin of N/A (sector avg: 12%). Higher ROE suggests strong returns relative to peers.

Should I buy UCO stock in 2026?

Our dual AI analysis gives ProShares Trust II a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is UCO's free cash flow?

ProShares Trust II's operating cash flow is $-246.3M, with capital expenditures of N/A.

How does UCO compare to other Market stocks?

Vs Default sector averages: Net margin N/A (avg: 12%), ROE 29.9% (avg: 15%), current ratio N/A (avg: 1.8).

Why is UCO's return on equity (ROE) so high?

ProShares Trust II has a return on equity of 29.9%, significantly above the Market sector average of 15%. A high ROE indicates the company is efficient at generating profits from shareholder equity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 18, 2026 | Data as of: 2025-12-31 | Powered by Claude AI