NYSE : UHAL
U-Haul Holding Company — Financial statements
Industrials · Rental & Leasing Services · United States
Last price 56.8 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 11.04B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
U-Haul Holding Company (UHAL) reported revenue of 6.09B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 5.20B | 5.15B | 4.99B | 4.83B | 5.02B | 4.96B |
| Other Revenue | 892.26M | 886.98M | 840.93M | 797.10M | 847.92M | 777.18M |
| Revenue | 6.09B | 6.04B | 5.83B | 5.63B | 5.86B | 5.74B |
| Cost of Revenue | 4.07B | 4.01B | 3.85B | 3.70B | 3.66B | 3.33B |
| Gross Profit | 1.74B | 1.75B | 1.71B | 1.66B | 1.95B | 2.12B |
| Selling, General & Admin | 18.49M | 18.48M | 16.79M | 15.26M | 12.32M | 1.12M |
| Operating Expenses | 1.30B | 1.31B | 974.97M | 679.19M | 499.11M | 483.87M |
| Operating Income | 437.70M | 439.85M | 730.42M | 984.25M | 1.45B | 1.64B |
| Interest Expense | -380.34M | -364.76M | -295.72M | -256.18M | -223.96M | -167.42M |
| Interest & Investment Income | 45.98M | 47.26M | 59.06M | 120.02M | ||
| EBT Excluding Unusual Items | 103.35M | 122.35M | 493.76M | 848.09M | 1.23B | 1.47B |
| Gain (Loss) on Sale of Assets | -13.30M | -8.61M | -15.76M | -7.91M | -5.60M | 4.12M |
| Other Unusual Items | -1.11M | -1.11M | -495.00K | -1.01M | -956.00K | |
| Pretax Income | 88.94M | 112.63M | 477.51M | 840.18M | 1.22B | 1.48B |
| Income Tax Expense | 25.21M | 29.51M | 110.42M | 211.47M | 294.93M | 352.21M |
| Net Income | 63.73M | 83.13M | 367.09M | 628.71M | 924.47M | 1.12B |
| Net Income to Common | 63.73M | 83.13M | 367.09M | 628.71M | 924.47M | 1.12B |
| Shares Outstanding (Basic) | 196.03M | 196.08M | 196.08M | 196.08M | 196.08M | 196.08M |
| Shares Outstanding (Diluted) | 196.03M | 196.08M | 196.08M | 196.08M | 196.08M | 196.08M |
| EPS (Basic) | 0.33 | 0.42 | 1.87 | 3.21 | 4.71 | 5.73 |
| EPS (Diluted) | 0.33 | 0.42 | 1.87 | 3.21 | 4.71 | 5.73 |
| Free Cash Flow | -1.23B | -1.36B | -2.00B | -1.54B | -994.29M | -190.30M |
| Free Cash Flow Per Share | -6.29 | -6.93 | -10.19 | -7.86 | -5.07 | -0.97 |
| Gross Margin | 28.54% | 28.91% | 29.26% | 29.57% | 33.23% | 37.02% |
| Operating Margin | 7.19% | 7.29% | 12.53% | 17.50% | 24.72% | 28.59% |
| Profit Margin | 1.05% | 1.38% | 6.30% | 11.18% | 15.76% | 19.59% |
| Free Cash Flow Margin | -20.26% | -22.52% | -34.28% | -27.38% | -16.95% | -3.32% |
| EBITDA | 760.12M | 743.71M | 1.01B | 1.80B | 2.18B | 2.34B |
| EBITDA Margin | 12.48% | 12.32% | 17.32% | 32.03% | 37.24% | 40.73% |
| D&A For EBITDA | 322.42M | 303.86M | 279.27M | 817.89M | 733.88M | 696.96M |
| EBIT | 437.70M | 439.85M | 730.42M | 984.25M | 1.45B | 1.64B |
| EBIT Margin | 7.19% | 7.29% | 12.53% | 17.50% | 24.72% | 28.59% |
| Effective Tax Rate | 28.35% | 26.20% | 23.12% | 25.17% | 24.19% | 23.85% |
| Revenue as Reported | 6.09B | 6.04B | 5.83B | 5.63B | 5.86B | 5.74B |
| Advertising Expenses | 17.10M | 15.30M | 13.80M | 11.10M | 13.70M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.10B | 1.12B | 988.83M | 1.53B | 2.06B | 2.70B |
| Short-Term Investments | 15.92M | 30.92M | ||||
| Cash & Short-Term Investments | 1.10B | 1.12B | 988.83M | 1.53B | 2.08B | 2.74B |
| Accounts Receivable | 190.91M | 155.89M | 225.96M | 204.15M | 183.17M | 222.98M |
| Other Receivables | 44.14M | 57.03M | 49.76M | 69.69M | 54.63M | 54.22M |
| Receivables | 235.05M | 212.93M | 275.72M | 273.84M | 237.81M | 277.19M |
| Inventory | 180.32M | 178.16M | 163.13M | 150.94M | 151.47M | 158.89M |
| Prepaid Expenses | 137.69M | 191.67M | 282.41M | 246.08M | 241.71M | 236.91M |
| Other Current Assets | 146.50M | 127.20M | 126.73M | 111.74M | 51.05M | 60.41M |
| Total Current Assets | 1.80B | 1.83B | 1.84B | 2.32B | 2.76B | 3.47B |
| Property, Plant & Equipment | 6.65B | 6.66B | 6.78B | 6.20B | 5.78B | 5.07B |
| Long-Term Investments | 2.99B | 3.14B | 3.22B | 3.14B | 3.33B | 3.34B |
| Long-Term Deferred Charges | 110.55M | 112.85M | 121.73M | 121.22M | 128.46M | 103.83M |
| Other Long-Term Assets | 10.12B | 9.76B | 8.52B | 7.27B | 6.11B | 5.32B |
| Total Assets | 21.66B | 21.50B | 20.48B | 19.06B | 18.10B | 17.30B |
| Accounts Payable | 289.62M | 238.84M | 263.28M | 240.05M | 235.90M | 657.50M |
| Accrued Expenses | 619.52M | 611.45M | 557.62M | 543.03M | 525.13M | 19.70M |
| Current Portion of Long-Term Debt | 857.84M | 904.04M | 587.00K | |||
| Current Portion of Leases | 14.72M | 9.49M | 44.34M | |||
| Total Current Liabilities | 1.78B | 1.76B | 865.24M | 783.08M | 761.04M | 677.78M |
| Long-Term Debt | 7.25B | 7.18B | 7.15B | 6.15B | 5.88B | 5.68B |
| Long-Term Leases | 24.86M | 31.47M | 46.97M | 172.67M | 281.58M | 421.59M |
| Long-Term Unearned Revenue | 69.27M | 56.61M | 52.90M | 51.17M | 52.28M | 49.16M |
| Long-Term Deferred Tax Liabilities | 1.59B | 1.56B | 1.49B | 1.45B | 1.33B | 1.29B |
| Other Long-Term Liabilities | 3.29B | 3.30B | 3.38B | 3.28B | 3.29B | 3.24B |
| Total Liabilities | 14.00B | 13.89B | 12.98B | 11.89B | 11.60B | 11.35B |
| Common Stock | 10.67M | 10.67M | 10.67M | 10.67M | 10.67M | 10.50M |
| Additional Paid-In Capital | 462.55M | 462.55M | 462.55M | 462.55M | 453.64M | 453.82M |
| Retained Earnings | 8.09B | 7.98B | 7.93B | 7.60B | 7.00B | 6.12B |
| Treasury Stock | -574.16M | -525.65M | -525.65M | -525.65M | -525.65M | -525.65M |
| Comprehensive Income & Other | -181.09M | -163.64M | -229.31M | -223.22M | -285.62M | 46.38M |
| Total Common Equity | 7.81B | 7.76B | 7.65B | 7.32B | 6.66B | 6.10B |
| Shareholders' Equity | 7.66B | 7.61B | 7.50B | 7.17B | 6.50B | 5.95B |
| Total Liabilities & Equity | 21.66B | 21.50B | 20.48B | 19.06B | 18.10B | 17.30B |
| Total Debt | 8.15B | 8.12B | 7.24B | 6.33B | 6.17B | 6.10B |
| Net Cash (Debt) | -7.05B | -7.00B | -6.25B | -4.79B | -4.09B | -3.36B |
| Net Cash Per Share | -35.95 | -35.72 | -31.89 | -24.44 | -20.86 | -17.15 |
| Filing Date Shares Outstanding | 194.39M | 196.08M | 196.08M | 196.08M | 196.08M | 196.08M |
| Total Common Shares Outstanding | 195.25M | 196.08M | 196.08M | 196.08M | 196.08M | 196.08M |
| Working Capital | 15.19M | 66.28M | 971.58M | 1.53B | 2.00B | 2.79B |
| Book Value Per Share | 40.01 | 39.59 | 39.02 | 37.35 | 33.95 | 31.13 |
| Tangible Book Value | 7.81B | 7.76B | 7.65B | 7.32B | 6.66B | 6.10B |
| Tangible Book Value Per Share | 40.01 | 39.59 | 39.02 | 37.35 | 33.95 | 31.13 |
| Land | 1.87B | 1.87B | 1.81B | 1.67B | 1.54B | 1.28B |
| Buildings | 10.73B | 10.54B | 9.63B | 8.24B | 7.09B | 5.97B |
| Machinery | 1.09B | 1.07B | 1.05B | 1.00B | 928.24M | 846.13M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 63.73M | 83.13M | 367.09M | 628.71M | 924.47M | 1.12B |
| Depreciation & Amortization | 331.07M | 312.71M | 289.83M | 841.82M | 756.31M | 696.96M |
| Other Amortization | 886.96M | 886.55M | 698.36M | 6.71M | 7.09M | 5.66M |
| Loss (Gain) From Sale of Assets | 93.45M | 112.50M | 2.01M | -146.04M | -241.49M | -218.32M |
| Loss (Gain) From Sale of Investments | 21.13M | 20.32M | 16.57M | 16.69M | 28.37M | 7.88M |
| Loss (Gain) on Equity Investments | -9.45M | -7.02M | -5.79M | -5.74M | 9.09M | -7.84M |
| Provision & Write-off of Bad Debts | -1.58M | -1.63M | -1.10M | 2.45M | -4.86M | 4.23M |
| Other Operating Activities | 178.42M | 148.58M | 126.83M | 169.81M | 187.58M | 187.44M |
| Change in Accounts Receivable | 41.34M | 72.59M | -14.17M | -29.01M | 44.71M | -9.19M |
| Change in Inventory | -7.03M | -15.02M | -12.26M | 518.00K | 7.26M | -53.30M |
| Change in Accounts Payable | 18.59M | 19.20M | 14.40M | -10.70M | 34.26M | 10.51M |
| Change in Unearned Revenue | 4.24M | 3.64M | 1.86M | -2.08M | 5.14M | 5.40M |
| Change in Other Net Operating Assets | 205.62M | 159.05M | -29.20M | -20.37M | -28.32M | 192.44M |
| Operating Cash Flow | 1.83B | 1.79B | 1.45B | 1.45B | 1.73B | 1.95B |
| Capital Expenditures | -3.06B | -3.15B | -3.45B | -2.99B | -2.72B | -2.14B |
| Sale of Property, Plant & Equipment | 692.37M | 710.29M | 662.36M | 739.18M | 701.33M | 623.24M |
| Investment in Securities | 298.96M | 180.70M | -104.78M | 204.36M | -408.11M | -344.55M |
| Other Investing Activities | -968.00K | 449.00K | 3.98M | 2.98M | 9.30M | -9.33M |
| Investing Cash Flow | -2.07B | -2.26B | -2.89B | -2.05B | -2.42B | -1.87B |
| Long-Term Debt Issued | 2.02B | 1.86B | 1.19B | 1.02B | 1.97B | |
| Long-Term Debt Repaid | -1.13B | -925.70M | -1.03B | -926.18M | -603.77M | |
| Net Debt Issued (Repaid) | 864.82M | 893.35M | 929.70M | 161.03M | 91.72M | 1.37B |
| Repurchase of Common Stock | -48.02M | |||||
| Common Dividends Paid | -35.28M | -35.29M | -35.29M | -31.77M | -14.12M | |
| Other Financing Activities | -312.67M | -263.42M | 705.00K | -62.73M | 1.80M | 96.86M |
| Financing Cash Flow | 468.86M | 594.63M | 895.11M | 66.53M | 59.80M | 1.43B |
| Foreign Exchange Rate Adjustments | -5.44M | 4.99M | -4.34M | 1.10M | -11.63M | -2.09M |
| Net Cash Flow | 220.15M | 131.32M | -545.72M | -525.98M | -643.61M | 1.51B |
| Free Cash Flow | -1.23B | -1.36B | -2.00B | -1.54B | -994.29M | -190.30M |
| Free Cash Flow Margin | -20.26% | -22.52% | -34.28% | -27.38% | -16.95% | -3.32% |
| Free Cash Flow Per Share | -6.29 | -6.93 | -10.19 | -7.86 | -5.07 | -0.97 |
| Levered Free Cash Flow | -1.60B | -1.71B | -2.19B | -1.74B | -1.04B | -304.98M |
| Unlevered Free Cash Flow | -1.37B | -1.49B | -2.01B | -1.59B | -904.06M | -206.00M |
| Cash Interest Paid | 373.95M | 361.19M | 301.69M | 268.76M | 225.80M | 166.10M |
| Cash Income Tax Paid | -116.76M | 95.39M | 68.62M | 145.68M | -4.55M | |
| Change in Working Capital | 262.76M | 239.46M | -39.37M | -61.64M | 63.05M | 145.87M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.18B | 8.82B | 11.73B | 13.09B | 10.32B | 11.70B |
| Enterprise Value | 18.23B | 15.69B | 17.50B | 17.63B | 13.91B | 14.70B |
| Last Close Price | 57.50 | 47.78 | 65.36 | 67.54 | 59.65 | 59.58 |
| PE Ratio | 176.87 | 106.10 | 31.94 | 20.82 | 11.16 | 10.41 |
| Forward PE | 41.70 | 63.71 | 20.65 | 15.79 | 8.91 | 18.14 |
| PS Ratio | 1.84 | 1.46 | 2.01 | 2.33 | 1.76 | 2.04 |
| PB Ratio | 1.44 | 1.16 | 1.56 | 1.82 | 1.59 | 1.97 |
| P/TBV Ratio | 1.43 | 1.14 | 1.53 | 1.79 | 1.55 | 1.92 |
| P/OCF Ratio | 6.12 | 4.92 | 8.06 | 9.01 | 5.97 | 6.01 |
| PEG Ratio | 1.80 | 2.08 | 5.06 | 0.32 | 4.03 | |
| EV/Sales Ratio | 2.99 | 2.60 | 3.00 | 3.13 | 2.37 | 2.56 |
| EV/EBITDA Ratio | 23.98 | 21.10 | 17.33 | 9.79 | 6.37 | 6.29 |
| EV/EBIT Ratio | 41.64 | 35.68 | 23.96 | 17.92 | 9.59 | 8.96 |
| Debt / Equity Ratio | 1.06 | 1.07 | 0.97 | 0.88 | 0.95 | 1.02 |
| Debt / EBITDA Ratio | 10.44 | 10.62 | 7.01 | 3.45 | 2.78 | 2.57 |
| Net Debt / Equity Ratio | 0.92 | 0.92 | 0.83 | 0.67 | 0.63 | 0.56 |
| Net Debt / EBITDA Ratio | 9.27 | 9.42 | 6.19 | 2.66 | 1.87 | 1.44 |
| Net Debt / FCF Ratio | -5.71 | -5.15 | -3.13 | -3.11 | -4.11 | -17.67 |
| Asset Turnover | 0.29 | 0.29 | 0.29 | 0.30 | 0.33 | 0.36 |
| Inventory Turnover | 23.01 | 23.51 | 24.50 | 24.49 | 23.57 | 25.20 |
| Quick Ratio | 0.75 | 0.76 | 1.46 | 2.31 | 3.04 | 4.44 |
| Current Ratio | 1.01 | 1.04 | 2.12 | 2.96 | 3.62 | 5.12 |
| Return on Equity (ROE) | 0.83% | 1.10% | 5.00% | 9.19% | 14.84% | 20.81% |
| Return on Assets (ROA) | 1.29% | 1.31% | 2.31% | 3.31% | 5.12% | 6.42% |
| Return on Invested Capital (ROIC) | 2.14% | 2.29% | 4.37% | 6.53% | 11.04% | 14.09% |
| Return on Capital Employed (ROCE) | 2.20% | 2.20% | 3.70% | 5.40% | 8.40% | 9.90% |
| Earnings Yield | 0.57% | 0.94% | 3.13% | 4.80% | 8.96% | 9.61% |
| FCF Yield | -11.04% | -15.42% | -17.04% | -11.77% | -9.63% | -1.63% |
| Payout Ratio | 42.46% | 9.62% | 5.05% | 1.53% |