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U-Haul Holding Company (UHAL)
:UHAL
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U-Haul
(NYSE:UHAL)
Rating:59Neutral
Price Target:
$61.00
▲(5.30% Upside)
U-Haul (UHAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.50B
Dividend YieldN/A
Average Volume (3M)138.11K
Price to Earnings (P/E)40.8
Beta (1Y)0.80
Revenue Growth3.39%
EPS Growth-47.78%
CountryUS
Employees17,836
SectorIndustrials
Sector Strength78
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.68
Shares Outstanding19,607,788
10 Day Avg. Volume124,915
30 Day Avg. Volume138,112
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.74
Enterprise Value/Revenue3.09
Enterprise Value/Gross Profit4.62
Enterprise Value/Ebitda10.40
Forecast
1Y Price Target
$61.00Price Target Upside5.30% Upside
Rating ConsensusHold
Number of Analyst Covering1
U-Haul Business Overview & Revenue Model
Company DescriptionU-Haul is a renowned American moving equipment and storage rental company, operating primarily in the transportation and logistics sector. Founded in 1945, U-Haul provides a range of services including truck and trailer rentals, self-storage units, moving supplies, and various related services to both residential and commercial customers. The company operates a vast network of locations across the United States and Canada, making it a go-to solution for individuals and businesses looking to facilitate their moving and storage needs.
How the Company Makes MoneyU-Haul generates revenue through several key streams. The primary source of income comes from the rental of trucks and trailers, where customers pay for the duration of their rental, based on mileage and time. Additionally, U-Haul earns significant revenue from self-storage rentals, charging monthly fees for storage unit access. The company also sells moving supplies such as boxes, packing materials, and locks, which contribute to its earnings. Furthermore, U-Haul benefits from ancillary services, including towing equipment rentals and moving labor assistance. The company has established partnerships with various local businesses and franchisees, expanding its reach and service offerings, which also supports its revenue generation. Seasonal demand fluctuations, particularly during peak moving seasons, further influence its earnings, as many customers seek moving solutions during summer months and around major holidays.
U-Haul Earnings Call Summary
Earnings Call Date:Aug 06, 2025
(Q1-2026)
| % Change Since: 2.13%|
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mixed performance, with some areas showing growth, such as equipment rental and self-storage revenues, while others, like earnings and depreciation costs, present challenges. Despite the growth in specific segments, the overall decline in earnings and increased expenses suggest a cautious outlook.Q1-2026 Updates
Positive Updates
Increase in Equipment Rental Revenue
Equipment rental revenue rose by $44 million, a 4% increase, with revenue per transaction going up for both in-town and one-way markets.
Growth in Self-Storage Revenue
Self-storage revenues grew by $19 million, marking a 9% increase, with average revenue per foot improving by just over 1% across the portfolio.
U-Box Revenue Growth
U-Box revenue increased by 16%, with continued success in increasing moving transactions and the number of containers kept in storage.
Strong Cash Position
Cash and availability from the corporate revolver at the Moving and Storage segment totaled $1.19 billion.
Negative Updates
Decline in Earnings
First quarter earnings fell to $142 million from $195 million in the same quarter last year, with EPS dropping from $1 to $0.73 per nonvoting share.
Loss on Disposal of Retired Rental Equipment
The company faced a $22 million loss on the disposal of retired rental equipment, compared to an $8 million gain last year, due to higher initial costs and lower resale values.
Increased Depreciation Costs
The increase in depreciation from the expanded box truck fleet contributed to a $0.21 decline in earnings per share.
Higher Operating Expenses
Operating expenses in the Moving and Storage segment increased by $44 million, with personnel costs up $20 million and liability costs up $17 million.
Company Guidance
During the U-Hall Holding Company First Quarter Fiscal 2026 Investor Call, several key metrics were discussed by the management team. The company reported first-quarter earnings of $142 million, down from $195 million the previous year, equating to an EPS of $0.73 per nonvoting share compared to $1 last year. Adjusted EBITDA for the Moving and Storage segment increased by 6%, driven by strong revenue growth across all product lines. Equipment rental revenue rose by $44 million, a 4% increase, while self-storage saw a 9% revenue increase, contributing an additional $19 million. Capital expenditures for new rental equipment totaled $585 million, a $46 million year-over-year rise. The company also invested $294 million in real estate acquisitions and self-storage development, down from the previous year. Overall, U-Hall continues to see positive trends in revenue growth, particularly in the U-Box segment, which experienced a 16% revenue increase, although challenges remain with depreciation and the resale market for retired rental equipment.U-Haul Financial Statement Overview
Summary
U-Haul presents a solid financial foundation with strengths in operational efficiency and cash flow management. The income statement shows stable revenue growth, although profitability has been pressured. The balance sheet is stable but indicates rising leverage, and cash flow metrics have significantly improved, reflecting strong cash conversion and reduced capital expenditure needs.Income Statement
U-Haul has demonstrated a solid revenue base with a gross profit margin of approximately 85.8% in 2025, reflecting efficient cost management. However, the net profit margin has decreased to 6.3% in 2025 from 11.2% in 2024, indicating pressures on bottom-line profitability. Revenue growth is modest, with a 3.6% increase from 2024 to 2025. EBIT and EBITDA margins are strong at 12.3% and 30.1%, respectively, showcasing the company's operational efficiency, though EBIT has declined compared to previous years.75
Positive
Balance Sheet
The balance sheet reflects a moderate debt-to-equity ratio of 0.97, suggesting manageable leverage, but there is a slight increase in total debt. The equity ratio is approximately 36.6%, indicating a balanced asset base. Return on equity has declined to 4.9%, down from 8.8% in 2024, highlighting a reduction in shareholder returns. Overall, the company's balance sheet is stable but shows signs of increasing financial leverage and decreased profitability.70
Positive
Cash Flow
U-Haul's cash flow statement is strong with a positive operating cash flow of $1.45 billion in 2025, maintaining consistency with previous years. The free cash flow has improved significantly to $1.45 billion, up from negative figures in previous years, indicating better cash management and reduced capital expenditures. The operating cash flow to net income ratio is robust at 3.96, suggesting efficient cash conversion from net income.80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.91B | 5.83B | 5.63B | 5.86B | 5.74B | 4.54B |
| Gross Profit | 3.96B | 5.00B | 4.83B | 5.02B | 4.87B | 3.82B |
| EBITDA | 1.76B | 1.75B | 1.94B | 2.19B | 2.34B | 1.62B |
| Net Income | 305.18M | 367.09M | 628.71M | 924.47M | 1.12B | 610.86M |
Balance Sheet | ||||||
| Total Assets | 20.85B | 20.48B | 19.06B | 18.10B | 17.30B | 14.65B |
| Cash, Cash Equivalents and Short-Term Investments | 877.19M | 1.70B | 2.06B | 2.75B | 2.70B | 1.19B |
| Total Debt | 7.29B | 7.24B | 6.33B | 6.17B | 6.10B | 4.76B |
| Total Liabilities | 13.19B | 12.98B | 11.89B | 11.60B | 11.41B | 9.80B |
| Stockholders Equity | 7.66B | 7.50B | 7.17B | 6.50B | 5.89B | 4.85B |
Cash Flow | ||||||
| Free Cash Flow | -499.96M | 1.45B | -1.54B | -994.29M | -190.30M | 93.92M |
| Operating Cash Flow | 1.60B | 1.45B | 1.45B | 1.73B | 1.95B | 1.54B |
| Investing Cash Flow | -2.85B | -2.89B | -2.05B | -2.42B | -1.87B | -1.13B |
| Financing Cash Flow | 973.99M | 895.11M | 66.53M | 59.80M | 1.43B | 287.35M |
U-Haul Technical Analysis
Negative
57.93
Price Trends
60.89
Negative
61.88
Negative
66.22
Negative
Market Momentum
-1.01
Negative
42.50
Neutral
59.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UHAL, the sentiment is Negative. The current price of 57.93 is below the 20-day moving average (MA) of 59.31, below the 50-day MA of 60.89, and below the 200-day MA of 66.22, indicating a bearish trend. The MACD of -1.01 indicates Negative momentum. The RSI at 42.50 is Neutral, neither overbought nor oversold. The STOCH value of 59.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UHAL.
U-Haul Risk Analysis
U-Haul disclosed 18 risk factors in its most recent earnings report. U-Haul reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
U-Haul Peers Comparison
Overall Rating
UnderperformOutperform
Sector (71)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $2.94B | 11.64 | 23.85% | 1.58% | 8.78% | 117.40% | |
80 Outperform | $58.48B | 23.51 | 29.30% | 0.77% | 6.77% | 2.01% | |
78 Outperform | $7.34B | 15.37 | 16.38% | 1.87% | 3.68% | 6.61% | |
71 Outperform | ¥267.71B | 14.94 | 8.32% | 2.77% | 6.08% | 11.04% | |
67 Neutral | $4.15B | 144.62 | 1.41% | 2.19% | 11.41% | -92.67% | |
59 Neutral | $10.50B | 40.76 | 3.71% | ― | 3.39% | -47.78% |
* Industrials Sector Average
Performance Comparison
UHAL
U-Haul
57.93
-11.62
-16.71%
HRI
Herc Holdings
124.85
-9.22
-6.88%
MGRC
Mcgrath Rentcorp
121.38
17.26
16.58%
R
Ryder System
178.89
44.85
33.46%
URI
United Rentals
914.04
204.00
28.73%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.