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UHAL

U-Haul Holding Company

UHAL

U-Haul Holding Company • NYSE
$52.65 ▲ 0.73% (+0.38)
Market Cap $10.00 B
52w High $75.19
52w Low $48.48
Dividend Yield 0%
P/E 52.65
Volume 92.08K
Outstanding Shares 189.98M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $1.72B ▲ $4.962M ▲ $96.727M ▼ 5.624% ▼ $0.49 ▼ $532.224M ▼
Q1-2026 $1.63B ▲ $4.917M ▼ $133.507M ▲ 8.188% ▲ $0.68 ▲ $552.578M ▲
Q4-2025 $1.234B ▼ $1.097B ▲ $-91.114M ▼ -7.387% ▼ $-0.465 ▼ $220.745M ▼
Q3-2025 $1.389B ▼ $1.041B ▼ $58.342M ▼ 4.202% ▼ $0.298 ▼ $417.904M ▼
Q2-2025 $1.658B $1.131B $177.975M 10.734% $0.908 $568.013M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $1.083B ▼ $21.428B ▲ $13.661B ▲ $7.768B ▲
Q1-2026 $1.67B ▼ $20.848B ▲ $13.188B ▲ $7.661B ▲
Q4-2025 $1.7B ▼ $20.479B ▲ $12.981B ▲ $7.498B ▼
Q3-2025 $1.725B ▼ $20.33B ▲ $12.699B ▲ $7.631B ▲
Q2-2025 $2.065B $20.127B $12.607B $7.519B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $96.727M ▼ $551.62M ▼ $-733.285M ▲ $389.709M ▲ $205.632M ▲ $-446.311M ▼
Q1-2026 $133.507M ▲ $598.376M ▲ $-764.041M ▼ $47.444M ▼ $-111.64M ▼ $-318.195M ▲
Q4-2025 $-91.114M ▼ $198.533M ▼ $-452.475M ▲ $223.269M ▲ $-28.57M ▲ $-390.452M ▲
Q3-2025 $58.342M ▼ $271.618M ▼ $-840.579M ▼ $161.258M ▼ $-418.241M ▼ $-664.876M ▼
Q2-2025 $177.975M $530.375M $-794.549M $542.023M $282.478M $-433.464M

Revenue by Products

Product Q2-2025Q3-2025Q1-2026Q2-2026
Life Insurance
Life Insurance
 $60.00M ▲$60.00M ▲$50.00M ▼$50.00M ▲
Moving and Storage Consolidations
Moving and Storage Consolidations
 $1.57Bn ▲$1.30Bn ▼$1.55Bn ▲$1.63Bn ▲
Property and Casualty Insurance
Property and Casualty Insurance
 $30.00M ▲$40.00M ▲$30.00M ▼$40.00M ▲

Five-Year Company Overview

Income Statement

Income Statement U-Haul’s revenue has grown meaningfully over the last several years and has held fairly steady more recently, suggesting the core moving and storage business is mature but still resilient. Profitability, however, has clearly come off its peak: operating profit and overall earnings are down from earlier highs, pointing to rising costs, softer pricing, or a mix of both. Margins look to be compressing, which is typical when a company moves from a boom period into a more normal environment. The business still earns money, but the trend in recent years is toward lower earnings per share, not higher, which is important context for expectations.

Balance Sheet

Balance Sheet The balance sheet shows a company that has been investing heavily in its asset base, with total assets steadily climbing as U-Haul expands its fleet and storage footprint. Shareholders’ equity has also grown over time, which generally reflects accumulated profits being reinvested into the business. Debt is significant but appears manageable, and it has crept higher over the period, which fits with funding a large, capital-intensive network. Cash levels have stepped down from prior peaks, so the company looks less cash-rich than a few years ago, but still not strained. Overall, the balance sheet tells a story of deliberate expansion funded by a mix of internal cash and borrowing.

Cash Flow

Cash Flow Cash flow from day-to-day operations has been consistently solid, which is a key strength for a rental and storage business with recurring demand. Free cash flow, however, was negative for several years because U-Haul spent heavily on new trucks, trailers, and storage facilities, essentially plowing most of its cash back into growth projects. More recently, free cash flow has moved back into positive territory, suggesting the peak of the most aggressive investment wave may be passing or becoming more balanced with cash generation. The pattern fits a company in expansion mode: strong underlying cash engine, but much of that cash being redirected into long-term capacity rather than left on the balance sheet.

Competitive Edge

Competitive Edge U-Haul’s competitive position is anchored by a vast, hard-to-replicate network of locations across North America, supported by a well-known brand that many consumers think of first for do-it-yourself moving. Its use of independent dealers lets it extend its reach without owning every site, reinforcing its presence in local communities. The company also benefits from being a one-stop shop, offering trucks, trailers, containers, storage units, supplies, and labor connections, which keeps customers inside its ecosystem. These advantages create a strong moat, though they do not eliminate risks from regional competitors, pressure on rental rates, or alternative moving models. Still, the breadth of U-Haul’s network and its brand recognition give it a durable edge.

Innovation and R&D

Innovation and R&D U-Haul’s innovation is less about traditional lab research and more about using technology and product design to make moving easier and operations more efficient. Its app, self-service truck rentals, and real-time inventory systems streamline the rental process and allow customers to transact anytime, which can lift utilization and reduce staffing pressure. The company has also pushed into digital marketplaces that connect customers with moving help and related services, turning U-Haul into a broader moving platform rather than just a truck provider. On the physical side, the U-Box container business, ongoing self-storage expansion, and efforts to improve fuel efficiency and sustainability show a willingness to evolve the offering. Future upside from innovation will likely depend on how well U-Haul scales these storage and container solutions and continues to refine its digital tools.

Summary

Overall, U-Haul looks like a mature, entrenched leader that is still investing heavily to grow and modernize its business. Revenue has held up well, but profits have softened from prior peaks, reflecting a tougher margin environment or normalization after exceptionally strong years. The balance sheet and cash flows suggest a deliberate growth strategy funded by both internal cash and debt, with large capital spending focused on fleet and storage capacity. Its competitive moat—built on network scale, brand strength, and integrated services—remains a key asset, while digital tools and containerized storage create new growth avenues. Going forward, the main things to watch are whether earnings stabilize, whether new storage and U-Box capacity fill up at attractive economics, and how effectively U-Haul continues to leverage its technology to keep its network fully utilized.

NEWS

November 5, 2025 · 4:43 PM UTC

U-Haul Holding Company Reports Second Quarter Fiscal 2026 Financial Results

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November 4, 2025 · 7:02 AM UTC

U-Haul Closes Repair Shop in Little Rock after 50 Years

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November 3, 2025 · 7:02 AM UTC

U-Haul Repair Shop Brings Jobs to North Little Rock

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October 30, 2025 · 4:55 PM UTC

U-Haul Offers Disaster Relief for Flood Victims at 3 Stores in Brevard County

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October 22, 2025 · 4:32 PM UTC

U-Haul Holding Company Schedules Second Quarter Fiscal 2026 Financial Results Release and Investor Webcast

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