U-Haul Holding Co. (UHAL)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$6.1B

Revenue growth

3.0%

Net income, last twelve months

$63.7M

Gross margin

96.0%

Operating margin

7.0%

Net margin

1.0%

Free cash flow

-$1.2B

Return on equity

0.8%

Market value

$1.1B

Dividend yield

1.8%

Cash

$1.1B

Debt

$10.4B

Debt to equity

1.36

Shares outstanding

19.6M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the first quarter of fiscal 2027 results, filed 5 August 2026.

• Net earnings declined from a year earlier. Earnings available to common shareholders were $122.9 million, against $142.3 million a year earlier. Non-Voting diluted EPS was $0.63, against $0.73.
• Moving and Storage operating earnings lower. Moving and Storage earnings from operations, before insurance equity consolidation, were $234.8 million, down $8.1 million from the first quarter of fiscal 2026.
• Quarterly adjusted EBITDA lower. Moving and Storage adjusted EBITDA for the quarter was $536.7 million, down $8.5 million from the same quarter last year.
• Trailing twelve-month EBITDA lower. Trailing twelve-month adjusted EBITDA to June 30, 2026 was $1,637.3 million, down $13.0 million from the period to June 30, 2025.
• Fleet depreciation rose $13.5 million. Fleet depreciation rose $13.5 million and real estate depreciation rose $5.1 million, both compared with the first quarter of fiscal 2026.
• Equipment disposals moved to a gain. Net losses on disposal of retired rental equipment fell $24.0 million, to a net gain of $1.9 million for the quarter.
• Fleet maintenance costs rose $4.1 million. Fleet maintenance and repair costs rose $4.1 million compared with the first quarter of fiscal 2026.
• Total depreciation expense higher. Total depreciation expense was $300.6 million, compared with $282.1 million a year earlier.
• Self-storage revenue grew 6.8%. Self-storage revenues increased $15.9 million, or 6.8%, versus the first quarter of fiscal 2026.
• Same-store occupancy fell, rates rose. Same-store occupancy decreased 4.5% to 88.3%, revenue per foot rose 7.6%, and the same-store pool gained 71 locations.
• Storage rent pace and rates. Management said the pace of storage rent is increasing and that rates are holding.
• Eighteen storage locations added. The company added 18 storage locations and 1.1 million net rentable square feet during the quarter.
• Self-moving rental revenue rose 2.8%. Self-moving equipment rental revenues increased $29.3 million, or 2.8%, versus the first quarter of fiscal 2026.
• Transactions rose in both markets. Transactions and revenue increased in both the In-Town and One-Way markets compared with the first quarter of fiscal 2026.

Revenue by segment

As the company reports it in the segment note of its annual report.

By business, FY2026

By region, FY2026

Company events

The newest 8-K filings of 179 held.

Every filing

The newest filings with the SEC of 526 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

251 funds held it at 30 Jun 2026: 116 added and 49 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Ryder System Inc. (R): revenue $13.1B, market value $10.5B
• Avis Budget Group, Inc. (CAR): revenue $11.7B, market value $3.6B

What the company does

U-Haul Holding Company is a Nevada corporation that operates mainly through its subsidiary U-Haul, which rents trucks, trailers, self-storage units and portable moving and storage units to do-it-yourself movers in the United States and Canada. The company says it is North America's largest do-it-yourself moving and storage operator. It rents through over 2,400 Company-operated retail moving stores and over 23,000 independent U-Haul dealers. As of 31 March 2026 its rental fleet was approximately 204,800 trucks, 136,600 trailers and 42,000 towing devices, and it operated 2,113 self-storage locations. It also owns insurance subsidiaries that cover U-Haul customers and sell life and health products to older customers.

How the business is organised

The company reports three segments. Moving and Storage covers truck and trailer rental, moving supplies, towing accessories, propane, fixed and portable storage units, and management of self-storage properties owned by others. It operates under the U-Haul trade name and produced about 94.1% of consolidated net revenue.

It handles loss adjusting and claims for U-Haul and underwrites parts of the Safemove, Safetow, Safemove Plus, Safehaul and Safestor protection packages.

Life Insurance, about 3.6% of net revenue, is run through Oxford Life Insurance Company. It writes and reinsures life insurance, Medicare supplement and annuity policies, mainly for the senior market.

What it rents and sells

U-Haul designs its moving equipment for household movers: families, college students, vacationers and people hauling materials for home projects. Truck chassis come from domestic truck manufacturers. U-Haul builds the van boxes and trailers at its own manufacturing and assembly facilities. Its trucks include a part of the van box over the cab that the company calls Mom's Attic, meant for fragile items.

- Towing equipment: auto transport, Toy Hauler and tow dolly. - Dollies for furniture and appliances. - U-Box portable moving and storage units, which can be delivered to a customer's chosen location. - U-Haul brand boxes, tape and packing supplies. - Hitches and towing systems, which the company estimates make it North America's largest seller and installer. - Propane refilling at nearly 1,200 locations.

Self-storage units range from 6 square feet to over 1,000 square feet. The company's facilities hold nearly 1,136,000 rentable units with 99.0 million square feet of rentable space, in 50 states and 10 Canadian provinces. Many centers offer climate-controlled units.

How customers reach it

Customers can rent through stores, independent dealers, uhaul.com, the U-Haul app and a 24-hour telephone reservations line. Dealers receive equipment from the company, act as rental agents and are paid a commission based on gross revenues from their rentals. Dealers and stores report inventory in real time through a proprietary reservations system. Over half of U-Move rental revenue comes from Company-operated stores.

Truck Share 24/7 lets customers rent equipment from a mobile device without visiting the counter. The company holds or has applied for U.S. and Canadian patents on the system. Two online marketplaces on uhaul.com connect customers to independent Moving Help providers for packing, loading and cleaning, and to independent storage businesses in the U-Haul Storage Affiliates program.

How it competes

The company focuses on the do-it-yourself residential user rather than commercial users. It lists the main competitive factors in truck rental as location convenience, equipment availability, breadth of products and services, and total cost. Its major national competitors in in-town and one-way rentals are Avis Budget Group and Penske Truck Leasing. In-town competitors also include Enterprise Truck Rental, Turo, Lugg and GoShare.

In self-storage it names Public Storage, CubeSmart and Extra Space Storage as its largest competitors. It lists location, cleanliness, security and price as the main factors. In insurance it competes on price, product design and service to agents and policyholders.

Rules and seasonality

The U.S. Department of Transportation and other federal, state, provincial and Canadian agencies regulate its motor carrier operations, safety and waste handling. Environmental, employment, marketing and data privacy laws also apply. Moving and Storage is seasonal. Revenues have historically been stronger in the first and second fiscal quarters because moving activity rises in spring and summer, and the fourth quarter is generally the weakest.

Its people

As of 31 March 2026 it employed approximately 32,600 people in the United States and approximately 2,100 in Canada. About 99% worked in Moving and Storage and about 51% worked full time. It operates 11 manufacturing and assembly facilities, 154 fixed-site repair facilities and a distribution center in addition to its retail locations. It uses part-time system members it calls moonlighters, who hold full-time jobs elsewhere, to staff peak hours. Benefits include health coverage, an Employee Stock Ownership Plan, a 401(k) plan and tuition reimbursement. Employees and independent dealers get free access to U-Haul University online courses.

*From U-Haul's annual report on Form 10-K for the year ended 31 March 2026. [The filing](https://www.sec.gov/Archives/edgar/data/4457/000119312526241850/uhal-20260331.htm)*

From the company's 10-K.