United States Gasoline Fund Lp's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of United States Gasoline Fund Lp (UGA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: United States Gasoline Fund Lp vs Its Competitors
- TTM: Trailing 12-month revenue of 57M vs 1M combined for tracked competitors (97.5% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-114.0% annualized vs trailing 12 months), vs accelerating (+428.7%) for its tracked peer group.
- Peer differentiation: Revenue per employee of $28.31M compares with $0.36M for the peer group (78.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
United States Gasoline Fund Lp vs. its Competitors, Q2 2026
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across United States Gasoline Fund Lp and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| United States Gasoline Fund Lp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across United States Gasoline Fund Lp's competitor groups requires a Commercial License.
United States Gasoline Fund Lp's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| United States Gasoline Fund Lp | Yes | - | - | No |
| Competitors combined (3) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
UGA Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | United States Brent Oil Fund Lp | 282.9% | Outperformed |
| 2 | Invesco Db Oil Fund | 282.9% | Outperformed |
| 3 | United States 12 month Natural Gas Fund Lp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for United States Gasoline Fund Lp's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of United States Gasoline Fund Lp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| United States Gasoline Fund Lp | 164.28 | 56.63 |
| United States Brent Oil Fund Lp | 942.41 | 2.13 |
| United States 12 month Natural Gas Fund Lp | 14.45 | -4.26 |
| Invesco Db Oil Fund | - | 3.59 |
| SUBTOTAL | 1,121.14 | 58.08 |
Sources: United States Gasoline Fund Lp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on United States Gasoline Fund Lp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
United States Gasoline Fund Lp's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| United States Gasoline Fund Lp | 164 | 28,313,435 | 66,437,254 |
| United States Brent Oil Fund Lp | 942 | 1,065,699 | 27,691,582 |
| United States 12 month Natural Gas Fund Lp | 14 | -2,132,291 | 7,086,069 |
| Invesco Db Oil Fund | - | - | - |
| PEERS TOTAL | 957 | 363,053 | 43,918,875 |
United States Gasoline Fund Lp's Valuation vs Competitive Position
Valuation multiples vs the Exchange Traded Funds Etf industry average (22 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Exchange Traded Funds Etf industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 2.8x | 38.5x | -35.8x |
| EV / EBITDA | - | 3.8x | - |
| P/B | - | 1.0x | - |
| Return on Equity | - | industry aggregate | - |
| Return on Invested Capital | - | 1.92 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
United States Gasoline Fund Lp's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -87.93 % | -500.00 % | - | 215.57 % | 14.17 % | -42.18 % | -65.46 % | -146.43 % |
| Operating Margin | 7.14 % | 149.73 % | 97.54 % | 98.32 % | 98.10 % | 96.67 % | 84.64 % | -274.62 % |
| Return on Invested Capital | 0.03 % | -12.77 % | 12.65 % | 18.38 % | 17.05 % | - | - | 3.93 % |
| P/E | - | - | 3.6x | - | 2.6x | 2.3x | 10.8x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
United States Gasoline Fund Lp's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 0.22 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See United States Gasoline Fund Lp's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See United States Gasoline Fund Lp's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
United States Gasoline Fund Lp's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-114.0% annualized vs trailing 12 months).
Opportunities
- A meaningful share of tracked competitors (100.00 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
United States Gasoline Fund Lp's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| United States Gasoline Fund Lp | 728.47 | 730.08 | - |
| United States Brent Oil Fund Lp | 2,790.55 | 853.23 | - |
| United States 12 month Natural Gas Fund Lp | 200.26 | 225.24 | - |
| Invesco Db Oil Fund | - | 2.48 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
United States Gasoline Fund Lp's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| United States Gasoline Fund Lp | Q2 2026 | - | - |
| United States Brent Oil Fund Lp | Q2 2026 | - | - |
| United States 12 month Natural Gas Fund Lp | Q2 2026 | - | - |
| Invesco Db Oil Fund | Q2 2026 | +2,388.8 % | - |
| PEERS TOTAL | - | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
United States Gasoline Fund Lp's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| United States Gasoline Fund Lp | Q2 2026 | - | - |
| United States Brent Oil Fund Lp | Q2 2026 | - | - |
| United States 12 month Natural Gas Fund Lp | Q2 2026 | - | - |
| Invesco Db Oil Fund | Q2 2026 | - | - |
United States Gasoline Fund Lp's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| United States Gasoline Fund Lp | 129.75% | 64.98% | 130.01% |
| United States Brent Oil Fund Lp | 13.04% | 6.52% | 13.05% |
| United States 12 month Natural Gas Fund Lp | 90.91% | 45.69% | 91.41% |
| Invesco Db Oil Fund | 41.25% | 21.16% | 42.45% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
United States Gasoline Fund Lp's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| United States Gasoline Fund Lp | 3.47 | 2.90 |
| United States Brent Oil Fund Lp | 5.27 | 442.15 |
| United States 12 month Natural Gas Fund Lp | - | - |
| Invesco Db Oil Fund | - | - |
| PEERS AVERAGE | 3.63 | 19.30 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.