| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | 0.04 |
—
—
—
|
| 2021 | 0.00 |
—
—
—
|
| 2020 | 0.00 |
—
—
|
| 2018 | 0.00 |
—
—
—
—
|
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Cash | 1,534.54 | 988.83 | 1,120.15 | 1,097.34 |
| Receivables | 215.91 | 230.72 | 159.77 | 190.91 |
| Inventory | 150.94 | 163.13 | 178.16 | 180.33 |
| Other | — | — | — | — |
| 2,147.47 | 1,665.08 | 1,649.74 | 1,606.26 |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Payables | 783.08 | 820.90 | 850.29 | 909.15 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 783.08 | 820.90 | 850.29 | 909.15 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 1,682.03 | — | — | — |
—
|
| ’26 | 1,630.47 | 1,719.92 | 1,415.61 | 1,271.82 |
6,037.82
|
| ’25 | 1,548.49 | 1,658.11 | 1,388.56 | 1,233.51 |
5,828.67
|
| ’24 | 1,540.31 | 1,649.86 | 1,339.51 | 1,095.99 |
5,625.67
|
| ’23 | 1,597.84 | 1,702.86 | 1,375.34 | 1,188.65 |
5,864.69
|
| ’22 | 1,472.86 | 1,664.25 | 1,404.34 | 1,198.30 |
5,739.75
|
| ’21 | 987.24 | 1,324.91 | 1,169.98 | 1,059.86 |
4,541.99
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 630.28 | — | — | — |
—
|
| ’26 | 598.38 | 551.62 | 240.60 | 403.99 |
1,794.58
|
| ’25 | 453.90 | 530.38 | 271.62 | 198.53 |
1,454.43
|
| ’24 | 465.70 | 471.73 | 302.61 | 212.71 |
1,452.76
|
| ’23 | 651.37 | 536.79 | 327.52 | 213.93 |
1,729.61
|
| ’22 | 794.21 | 724.91 | 270.03 | 157.08 |
1,946.24
|
| ’21 | 330.09 | 672.26 | 374.21 | 158.84 |
1,535.40
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | (43.82) | — | — | — |
—
|
| ’26 | (152.01) | (226.43) | (262.08) | (8.92) |
(649.45)
|
| ’25 | (362.59) | (215.31) | (499.56) | (258.23) |
(1,335.69)
|
| ’24 | (114.42) | (204.25) | (244.06) | (238.23) |
(800.96)
|
| ’23 | 164.41 | 12.90 | (204.46) | (265.81) |
(292.96)
|
| ’22 | 467.88 | 318.37 | (166.49) | (186.83) |
432.93
|
| ’21 | 156.57 | 497.63 | 194.95 | (218.11) |
631.04
|
| Jun | Sep | Dec | Mar | Year | |
|---|---|---|---|---|---|
| ’26 | 0.58 | — | — | — |
—
|
| ’26 | 0.68 | 0.49 | (0.23) | (0.70) |
0.24
|
| ’25 | 1.00 | 0.91 | 0.30 | (0.46) |
1.69
|
| ’24 | 1.27 | 1.36 | 0.46 | (0.05) |
3.04
|
| ’23 | 1.70 | 1.80 | 0.98 | 0.16 |
5.54
|
| ’22 | 1.76 | 2.09 | 1.44 | 0.44 |
5.73
|
| ’21 | 0.45 | 1.36 | 0.93 | 0.38 |
3.12
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.79 | 48.07 | 59.70 | 48.48 | 41.95 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 73.16 | 73.03 | 79.04 | 75.19 | 76.45 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 34,100 | 35,100 | 34,300 | 35,100 | 32,600 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.17 | 0.17 | 0.16 | 0.17 | 0.19 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,739.75 | 5,864.69 | 5,625.67 | 5,828.67 | 6,037.82 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.13% | 34.05% | 30.33% | 29.66% | 29.27% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,476.57 | 1,219.40 | 840.18 | 477.51 | 112.63 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.73% | 20.79% | 14.93% | 8.19% | 1.87% | ‡‡‡ | ‡‡‡ | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,124.36 | 924.47 | 628.71 | 367.09 | 83.13 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 722.36 | 761.03 | 865.38 | 1,002.59 | 1,217.10 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 29.27 | 29.91 | 28.69 | 29.73 | 30.79 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.73 | 5.54 | 3.04 | 1.69 | 0.24 | ‡‡‡‡ | ‡‡‡‡ | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.93 | 8.82 | 7.41 | 7.42 | 9.15 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7.72) | (10.32) | (11.49) | (14.23) | (12.46) | ‡‡‡ | ‡‡‡ | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.21 | (1.49) | (4.08) | (6.81) | (3.31) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.36 | 33.17 | 36.58 | 38.24 | 38.82 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 196.08 | 196.08 | 196.08 | 196.08 | 196.08 | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.42 | 12.86 | 22.39 | 38.45 | 199.08 | ‡‡‡‡ | ‡‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.04 | 1.99 | 2.37 | 2.20 | 1.55 | ‡‡‡ | ‡‡‡ | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.92 | 1.76 | 1.82 | 1.68 | 1.21 | ‡‡‡ | ‡‡‡ | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.70 | 2.78 | 3.33 | 3.38 | 2.82 | ‡‡‡‡ | ‡‡‡‡ | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.86 | (55.74) | (23.41) | (14.74) | (26.18) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,946.24 | 1,729.61 | 1,452.76 | 1,454.43 | 1,794.58 | ‡‡‡ | ‡‡‡ | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,513.30) | (2,022.57) | (2,253.72) | (2,790.12) | (2,444.04) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 432.93 | (292.96) | (800.96) | (1,335.69) | (649.45) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,651.50 | 1,882.17 | 1,364.39 | 844.18 | 799.45 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6,524.50 | 6,695.04 | 6,271.36 | 7,193.86 | 8,083.37 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,820.36 | 4,634.52 | 4,736.82 | 6,205.03 | 6,963.23 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,952.49 | 6,504.19 | 7,172.45 | 7,498.14 | 7,611.65 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 6.85% | 5.03% | 3.21% | 1.68% | 0.23% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.53% | 8.11% | 5.13% | 3.27% | 1.86% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.71% | 13.96% | 8.54% | 4.43% | 0.62% | — | — | — |
ROE
|
U-Haul Holding Company (UHAL) has delivered steady revenue growth, rising from $3.28 billion in 2016 to $5.86 billion in 2023 at a 6% CAGR, fueled by demographic trends, migration, and pandemic-driven demand for its trucks and self-storage. However, post-COVID normalization has brought headwinds: a 4% revenue dip in 2024, eroding gross margins from 37.6% to 30.3%, and EBT margins contracting sharply from 25.7% in 2022 to a projected 8.2% in 2025. Skyrocketing CapEx to $2.79 billion in 2025 has turned free cash flow negative and dragged ROE down to a concerning 4.4%, highlighting the risks of its asset-heavy model amid inflation and fleet replacement costs.
Despite these pressures, UHAL’s balance sheet remains resilient, with shareholders’ equity surging 219% to $7.50 billion by 2025, though debt has climbed 171% to fund the 170,000+ vehicle fleet. The stock trades at a steep discount—60-100% below analyst targets—offering potential value, bolstered by recent insider purchases by key 10% owners, including the president, signaling family confidence in a rebound. Yet leverage is rising, with net debt-to-equity nearing 83%, and ROIC has fallen to 5.1%, underscoring downside risks from high interest rates and execution challenges.
Analysts project modest revenue recovery to $6.33 billion by 2028 and a dramatic EPS snapback to $4.26, but near-term pitfalls like 0% EBT margins and persistent CapEx loom large, especially in a recessionary environment with fuel volatility and competition. For risk-averse investors, UHAL’s defensive moat and current pricing present asymmetric upside if margins stabilize, but patience is essential amid these balance sheet strains. Read the full analysis for deeper insights into this steady performer trading at a discount.
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