U-Haul Reports Decline in Annual Earnings Amid Rising Costs

AMERCO ( (UHAL) ) has released its Q4 earnings. Here is a breakdown of the information AMERCO presented to its investors.

U-Haul Holding Company, a leader in the self-moving and storage industry, also operates in insurance and real estate sectors through its subsidiaries. Known for its extensive network and innovative self-service options, U-Haul continues to be a top choice for do-it-yourself movers across North America.

In its latest earnings report, U-Haul Holding Company announced a significant decline in net earnings for the fiscal year ending March 31, 2025, with profits falling to $367.1 million from $628.7 million the previous year. The company also reported a net loss of $82.3 million for the fourth quarter, a sharp increase from the $0.9 million loss in the same period last year.

Key financial metrics reveal that while U-Haul’s Moving and Storage EBITDA saw a modest increase, the company faced substantial challenges due to reduced gains from the sale of rental equipment and increased depreciation expenses. Self-storage revenues grew by 8% year-over-year, and the company expanded its storage capacity by adding 20 new locations. However, the overall earnings from operations decreased significantly due to higher fleet depreciation and lower gains on equipment sales.

Despite these challenges, U-Haul’s self-moving equipment rental revenues increased by 4.1% in the fourth quarter, marking the fourth consecutive quarter of growth. The company also saw a rise in other revenues related to its U-Box program, indicating a strategic focus on expanding its moving and storage solutions.

Looking ahead, U-Haul’s management remains cautiously optimistic, noting improvements in the truck acquisition and sale markets. The company continues to invest in expanding its storage facilities and enhancing its service offerings, aiming to strengthen its position in the competitive moving and storage industry.