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U-Haul (UHAL)
NYSE:UHAL
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U-Haul
(NYSE:UHAL)
Rating:65Neutral
Price Target:
$67.00
▲(8.33%Upside)
U-Haul (UHAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.94B
Dividend YieldN/A
Average Volume (3M)159.93K
Price to Earnings (P/E)36.5
Beta (1Y)0.77
Revenue Growth2.10%
EPS Growth-44.42%
CountryUS
Employees17,836
SectorIndustrials
Sector Strength93
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)-0.46
Shares Outstanding19,607,788
10 Day Avg. Volume130,161
30 Day Avg. Volume159,929
Financial Highlights & Ratios
PEG Ratio-1.95
Price to Book (P/B)1.63
Price to Sales (P/S)0.00
P/FCF Ratio-6.83
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue0.76
Enterprise Value/Gross Profit3.23
Enterprise Value/Ebitda1.99
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
U-Haul Business Overview & Revenue Model
Company DescriptionU-Haul International, Inc. is a well-established North American company that specializes in moving and storage solutions. Founded in 1945, U-Haul operates within the transportation and logistics sector, providing customers with rental trucks, trailers, self-storage units, and portable storage containers. Additionally, the company offers moving supplies and boxes, towing equipment, and installation services. U-Haul's vast network of locations across the United States and Canada makes it a leader in the DIY moving industry.
How the Company Makes MoneyU-Haul generates revenue primarily through the rental of moving equipment such as trucks and trailers. A significant portion of its income comes from leasing self-storage units at its many facilities across North America. Additionally, the company earns money from the sale of moving supplies, including boxes and packing materials. U-Haul also offers hitch and towing equipment rentals and installation services, which contribute to its revenue. Besides these core services, the company gains financial benefits from various partnerships and franchise agreements with independent dealers who operate under the U-Haul brand. These dealers expand U-Haul's reach and increase its market presence, bolstering its overall earnings.
U-Haul Earnings Call Summary
Earnings Call Date:May 28, 2025
(Q4-2025)
| % Change Since: -0.75%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Negative
The earnings call presented a mixed picture with notable growth in the self-storage and equipment rental segments, and positive trends in the U-Box business. However, these positives were overshadowed by significant financial losses in the fourth quarter, decreased earnings for the full year, and increased operating expenses. The challenges in fleet depreciation, reduced gains on equipment sales, and declining interest income further contribute to a negative financial outlook.Q4-2025 Updates
Positive Updates
Self-Storage Revenue Growth
Self-storage revenues increased by $18 million or 8% for the quarter, and by just under $67 million or 8% for the year. Average revenue per occupied foot improved by approximately 1.6%.
Increase in Equipment Rental Revenue
Equipment rental revenue saw a $29 million increase, or just over 4% for the fourth quarter. For the fiscal year, the revenue increased by over $100 million, about a 2.8% rise.
EBITDA Growth in Moving and Storage Segment
The Moving and Storage segment's EBITDA increased by $5.6 million for the quarter to $217.3 million, and full-year fiscal 2025 EBITDA increased by just under $52 million to $1,619.7 million.
U-Box Growth
U-Box revenue results increased by just under $14 million, with both moving transactions and related storage transactions growing significantly.
Negative Updates
Significant Fourth Quarter Loss
A fourth quarter loss of $82.3 million was reported, compared to a loss of $863,000 for the same quarter last year.
Decrease in Full Year Earnings
Full year fiscal 2025 earnings were $367.1 million, down from $628.7 million in fiscal 2024.
Fleet Depreciation Impact
There was a $0.16 decline in earnings per share for the fourth quarter due to fleet depreciation from increased fleet acquisitions and cost per truck.
Reduced Gains on Sales of Retired Equipment
There was a $0.12 decline in earnings per share due to reduced gains from sales of retired pickups and cargo vans.
Decline in Interest Income
A $0.10 decline in earnings per share was attributed to declining interest income as short-term cash balances were reduced due to reinvestment.
Increased Operating Expenses
Operating expenses at Moving and Storage were up by $53.6 million, with notable increases in personnel costs and liability costs associated with the fleet.
Company Guidance
During the U-Haul Holding Company's fourth quarter fiscal year-end 2025 investor call, the company reported a fourth quarter loss of $82.3 million, a significant increase from a loss of $863,000 in the same quarter of the previous year. Full-year fiscal 2025 earnings were down to $367.1 million from $628.7 million in fiscal 2024. The earnings per share for the fourth quarter was a $0.41 loss per non-voting share, compared to less than $0.01 a share loss in the fourth quarter of fiscal 2024. However, EBITDA in the Moving and Storage segment rose by $5.6 million for the quarter, reaching $217.3 million, with a full-year increase of nearly $52 million to $1,619.7 million. Equipment rental revenue grew by $29 million or just over 4%, while self-storage revenues increased by $18 million or 8% for the quarter. Despite these increases, operating expenses in the Moving and Storage segment rose by $53.6 million, with significant increases in personnel costs and liability costs associated with the fleet. The company's capital expenditures for new rental equipment reached $1,863 million, a $244 million increase compared to fiscal 2024, while proceeds from retired rental equipment sales declined by $76 million. Looking forward, U-Haul projects a net fleet CapEx of $1,295 million for fiscal year 2026.U-Haul Financial Statement Overview
Summary
U-Haul demonstrates solid operational efficiency and strong cash flow management. While the company shows stable revenue growth and robust cash flow conversion, profitability is under pressure, and financial leverage is increasing.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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.83B | 5.63B | 5.86B | 5.74B | 4.54B |
| Gross Profit | 5.00B | 4.83B | 5.02B | 4.87B | 3.82B |
| EBITDA | 1.75B | 1.94B | 2.19B | 2.34B | 1.62B |
| Net Income | 367.09M | 628.71M | 924.47M | 1.12B | 610.86M |
Balance Sheet | |||||
| Total Assets | 20.48B | 19.06B | 18.10B | 17.30B | 14.65B |
| Cash, Cash Equivalents and Short-Term Investments | 1.70B | 2.06B | 2.75B | 2.70B | 1.19B |
| Total Debt | 7.24B | 6.33B | 6.17B | 6.10B | 4.76B |
| Total Liabilities | 12.98B | 11.89B | 11.60B | 11.41B | 9.80B |
| Stockholders Equity | 7.50B | 7.17B | 6.50B | 5.89B | 4.85B |
Cash Flow | |||||
| Free Cash Flow | 1.45B | -1.54B | -994.29M | -190.30M | 93.92M |
| Operating Cash Flow | 1.45B | 1.45B | 1.73B | 1.95B | 1.54B |
| Investing Cash Flow | -2.89B | -2.05B | -2.42B | -1.87B | -1.13B |
| Financing Cash Flow | 895.11M | 66.53M | 59.80M | 1.43B | 287.35M |
U-Haul Technical Analysis
Negative
61.85
Price Trends
62.43
Negative
62.90
Negative
67.27
Negative
Market Momentum
0.15
Negative
47.13
Neutral
44.47
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 61.85 is below the 20-day moving average (MA) of 62.07, below the 50-day MA of 62.43, and below the 200-day MA of 67.27, indicating a bearish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 47.13 is Neutral, neither overbought nor oversold. The STOCH value of 44.47 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 (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $3.11B | 12.29 | 23.85% | 1.50% | 8.78% | 117.40% | |
80 Outperform | $57.87B | 23.26 | 29.30% | 0.78% | 6.77% | 2.01% | |
74 Outperform | $7.45B | 15.60 | 16.38% | 1.77% | 3.68% | 6.61% | |
66 Neutral | $4.98B | 173.73 | 1.41% | 2.21% | 11.41% | -92.67% | |
65 Neutral | $10.94B | 36.55 | 4.52% | ― | 2.10% | -44.42% | |
58 Neutral | HK$14.89B | 4.69 | -2.78% | 5.83% | 3.80% | -54.55% |
* Industrials Sector Average
Performance Comparison
UHAL
U-Haul
61.85
-4.94
-7.40%
HRI
Herc Holdings
123.61
-29.61
-19.33%
MGRC
Mcgrath Rentcorp
127.77
19.80
18.34%
R
Ryder System
179.41
42.15
30.71%
URI
United Rentals
882.24
131.97
17.59%
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.