U-Haul Holding Company (UHAL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.65	$0.58	-10.8%	—	$1.7B	—
Q4 26	-$0.68	-$0.7	-2.9%	—	$1.3B	—
Q3 26	-$0.2	-$0.23	-15.0%	—	$1.4B	—
Q2 26	$0.67	$0.49	-26.9%	—	$1.7B	—
Q1 26	$0.7	$0.68	-2.9%	—	$1.6B	—
Q4 25	-$0.26	-$0.46	-76.9%	—	$1.2B	—
Q3 25	$0.43	$0.3	-30.2%	—	$1.4B	—
Q2 25	$1.32	$0.91	-31.1%	—	$1.7B	—
Q1 25	$1.2	$0.95	-20.8%	—	$1.5B	—
Q4 24	$0.11	-$0.05	-145.5%	—	$1.1B	—
Q3 24	$0.82	$0.46	-43.9%	—	$1.3B	—
Q2 24	$1.76	$1.54	-12.5%	—	$1.6B	—
Q1 24	$1.46	$1.39	-4.8%	—	$1.5B	—
Q4 23	$0.5	$1.92	+284.0%	—	$1.2B	—
Q3 23	$1.45	$0.98	-32.4%	—	$1.4B	—
Q2 23	$20.6	$17.9	-12.9%	—	$1.7B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$0.24	—	—	$6B	—
FY25	—	$1.69	—	—	$5.8B	—
FY24	—	$3.04	—	—	$5.6B	—
FY23	—	$5.54	—	—	$5.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$3.4B	$3.6B	$3.8B	$4B	$4.5B	$5.7B	$5.9B	$5.6B	$5.8B	$6B
YoY change	+4.47%	+5.24%	+4.65%	+5.58%	+14.2%	+26.4%	+2.18%	-4.08%	+3.61%	+3.59%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	3.4B	3.6B	3.8B	4B	4.5B	5.7B	5.9B	5.6B	5.8B	6B
Cost of revenue	602.4M	622.5M	550.8M	627.2M	723.2M	874.7M	843.4M	792.7M	824.3M	855.3M
Gross profit	2.8B	3B	3.2B	3.4B	3.8B	4.9B	5B	4.8B	5B	5.2B
Gross margin	82.4%	82.7%	85.4%	84.2%	84.1%	84.8%	85.6%	85.9%	85.9%	85.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	37.3M	34M	33.2M	26.9M	28.5M	29.9M	30.8M	32.7M	20.5M	19.3M
Operating expenses	1.6B	1.8B	2B	2.1B	2.2B	2.7B	3.1B	3.2B	3.3B	3.4B
Operating income	765.8M	594.3M	649.5M	570.6M	992.7M	1.7B	1.5B	1B	750.2M	460.9M
Operating margin	22.4%	16.5%	17.2%	14.3%	21.9%	29.2%	25.2%	18%	12.9%	7.63%
Non-operating income, net	-24M	170M	-29.5M	-31.5M	-32.6M	-31.8M	-35.7M	-33.6M	-36.1M	-30.8M
Pretax income	628.4M	637.6M	477.5M	378.1M	796.7M	1.5B	1.2B	840.2M	477.5M	112.6M
Income tax	229.9M	-153M	106.7M	-63.9M	185.8M	352.2M	294.9M	211.5M	110.4M	—
Net income	398.4M	790.6M	370.9M	442M	610.9M	1.1B	924.5M	628.7M	367.1M	83.1M
Net margin	11.6%	22%	9.84%	11.1%	13.4%	19.6%	15.8%	11.2%	6.3%	1.38%
EBITDA	1.2B	1.1B	1.2B	1.2B	1.6B	2.4B	2.2B	1.9B	1.8B	1.8B
EPS	2.03	4.04	1.89	2.25	5.37	7.08	5.54	3.04	1.69	0.24
Diluted EPS	2.03	4.04	1.89	2.25	5.37	7.08	5.54	3.04	1.69	0.24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	1.6B	1.3B	1.1B	1.5B	1.7B	1.4B	1.2B	1.6B	1.7B	1.4B	1.3B	1.7B
Cost of revenue	221.1M	182M	166.6M	222.6M	225.7M	196.5M	179.5M	234.1M	237.6M	196.2M	187.3M	234.2M
Gross profit	1.4B	1.2B	929.4M	1.3B	1.4B	1.2B	1.1B	1.4B	1.5B	1.2B	1.1B	1.4B
Gross margin	86.6%	86.4%	84.8%	85.6%	86.4%	85.8%	85.4%	85.6%	86.2%	86.1%	85.3%	86.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	8.4M	9.1M	7.5M	6M	4.7M	5.1M	5.1M	4.9M	5.1M	4.3M	5M	3.5M
Operating expenses	843.7M	779.6M	765M	795.7M	895.8M	787.4M	817.4M	831.6M	914.6M	852.9M	835.5M	890.5M
Operating income	384.1M	168.1M	104.6M	305.9M	291.8M	155.1M	-2.9M	282.6M	265.6M	67.6M	-154.9M	256.7M
Operating margin	23.3%	12.6%	9.55%	19.8%	17.6%	11.2%	-0.23%	17.3%	15.4%	4.77%	-12.2%	15.3%
Non-operating income, net	37.9M	29.1M	-146.8M	-477K	9.8M	-4.7M	-40.3M	-25.6M	-48.3M	-34.4M	77.6M	-6.5M
Pretax income	358M	129.8M	13.7M	256.4M	246.2M	89.4M	-114.5M	185.4M	137M	-51.6M	-158.1M	161.7M
Income tax	84.5M	30.5M	14.5M	61M	59.4M	22.3M	-32.2M	43M	31.4M	-14.6M	-30.3M	38.8M
Net income	273.5M	99.2M	-863K	195.4M	186.8M	67.2M	-82.3M	142.3M	105.5M	-37M	-127.8M	122.9M
Net margin	16.6%	7.41%	-0.08%	12.6%	11.3%	4.84%	-6.67%	8.73%	6.14%	-2.61%	-10%	7.31%
EBITDA	592.5M	377.2M	438M	548.3M	555.3M	422.2M	260.7M	576.3M	578.6M	377.9M	262.5M	566.7M
EPS	1.36	0.46	—	0.95	0.91	0.3	-0.46	0.68	0.49	-0.23	-0.7	0.58
Diluted EPS	1.36	0.46	—	0.95	0.91	0.3	-0.46	0.68	0.49	-0.23	-0.7	0.58

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	7.5B	6.8B	7.3B	5.7B	12B	11.7B	11.7B	13.2B	12.8B	9.4B	11.9B
Enterprise value	10B	9.6B	11.3B	11B	16.6B	16.2B	15.8B	17.5B	18.4B	15.7B	18.7B
Shares outstanding	195.9M	195.9M	195.9M	196M	196.1M	196.1M	196.1M	196.1M	196.1M	196.1M	196.1M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	18.7	8.55	19.6	12.9	19.7	10.4	12.7	21.1	34.9	112.7	433.5
P/S	2.18	1.88	1.93	1.43	2.64	2.04	1.99	2.35	2.2	1.55	1.95
P/B	2.85	1.98	1.97	1.35	2.48	1.97	1.8	1.85	1.71	1.23	1.52
EV/EBITDA	8.06	8.35	9.21	8.95	10.1	6.83	7.16	9	10.3	8.78	24.7
EV/Sales	2.93	2.65	3	2.77	3.66	2.82	2.69	3.11	3.15	2.6	3.08
Earnings yield	5.34%	11.7%	5.1%	7.76%	5.09%	9.61%	7.9%	4.75%	2.86%	0.89%	0.23%
FCF yield	-4.82%	-6.3%	-12.3%	-21.7%	0.78%	-1.63%	-8.5%	-11.6%	-15.6%	-14.5%	-13.5%
PEG	—	—	—	—	—	—	—	—	—	—	-29.5

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	82.4%	82.7%	85.4%	84.2%	84.1%	84.8%	85.6%	85.9%	85.9%	85.8%	86.1%
Operating margin	22.4%	16.5%	17.2%	14.3%	21.9%	29.2%	25.2%	18%	12.9%	7.63%	15.1%
Net margin	11.6%	22%	9.84%	11.1%	13.4%	19.6%	15.8%	11.2%	6.3%	1.38%	1.05%
ROE	15.2%	23.2%	10%	10.5%	12.6%	18.9%	14.2%	8.77%	4.9%	1.09%	0.83%
ROA	4.24%	7.36%	3.12%	3.29%	4.17%	6.5%	5.11%	3.3%	1.79%	0.39%	1.29%
ROIC	9.39%	9.58%	6.55%	5.99%	8.03%	12.3%	10.6%	6.61%	4.42%	—	2.21%
Return on tangible assets	4.24%	7.36%	3.12%	3.29%	4.17%	6.5%	5.11%	3.3%	1.79%	0.39%	0.29%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	0.75	0.73	0.79	0.9	1.24	2.14	1.63	1.65	1.45	1.33	1.01
Quick ratio	0.7	0.68	0.72	0.84	1.17	2.05	1.54	1.56	1.35	1.24	1.07
Debt / equity	1.25	1.05	1.27	1.38	1.2	1.21	0.95	0.88	0.97	1.07	1.06
Debt / assets	0.35	0.33	0.39	0.43	0.4	0.42	0.34	0.33	0.35	0.38	0.38
Net debt / EBITDA	2.05	2.44	3.27	4.32	2.81	1.88	1.85	2.19	3.1	3.54	3.61
Interest coverage	6.71	6.19	4.44	3.41	6.06	10.1	6.6	4.29	2.62	1.31	1.24
Effective tax rate	36.6%	0%	22.3%	0%	23.3%	23.9%	24.2%	25.2%	23.1%	—	28.3%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	17.5	18.4	19.2	20.3	23.2	29.3	29.9	28.7	29.7	30.8	31.1
EPS (basic)	2.03	4.04	1.89	2.25	5.37	7.08	5.54	3.04	1.69	0.24	0.24
EPS (diluted)	2.03	4.04	1.89	2.25	5.37	7.08	5.54	3.04	1.69	0.24	0.14
Book value per share	13.4	17.4	18.8	21.5	24.7	30.4	33.2	36.6	38.2	38.8	40
FCF per share	-1.84	-2.18	-4.57	-6.29	0.48	-0.97	-5.07	-7.85	-10.2	-6.93	-6.3
Cash per share	3.64	3.93	3.47	2.56	6.13	13.9	10.6	10.5	8.67	9.13	5.64
Capex per share	4.76	3.39	6.45	8.27	4.61	7.72	10.3	11.5	14.2	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	27.2%	18.4%	33.5%	40.8%	19.9%	26.4%	34.5%	40.1%	47.9%	—	—
Capex / operating cash flow	87.7%	65.5%	102.6%	107.4%	60.8%	77.7%	103.2%	138.3%	191.4%	—	—
Payout ratio	14.7%	3.72%	10.6%	6.65%	8.02%	2.62%	3.65%	5.05%	9.61%	42.5%	0%
Dividend yield	0.79%	0.43%	0.54%	0.52%	0.41%	0.25%	0.29%	0.24%	0.28%	0.38%	0.33%

Yield

0.33%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.005

ex-dividend Sep 2, 2022

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 2, 2022	$0.005
Apr 14, 2022	$0.005
Oct 15, 2021	$0.005
Sep 3, 2021	$0.005
Jun 23, 2021	$0.005
Dec 18, 2020	$0.02
Sep 3, 2020	$0.005
Dec 18, 2019	$0.005

Split history

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$1.6B	$1.3B	$1.1B	$1.5B	$1.7B	$1.4B	$1.2B	$1.6B	$1.7B	$1.4B	$1.3B	$1.7B
YoY change	-3.11%	-2.6%	-7.8%	+0.53%	+0.5%	+3.66%	+12.5%	+5.29%	+3.73%	+1.95%	+3.11%	+3.16%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	713M	769.7M	679.2M	501.3M	1.2B	2.7B	2.1B	2.1B	1.7B	1.8B
Receivables	175M	189.8M	219.8M	177.4M	218.6M	231.6M	187M	210.4M	231M	159.1M
Inventory	82.4M	89.9M	103.5M	101.1M	105.6M	158.9M	151.5M	150.9M	163.1M	178.2M
Total current assets	1.2B	1.3B	1.3B	1.4B	2.1B	3.5B	2.8B	2.8B	2.5B	2.5B
Property, plant & equipment	3.4B	3.7B	3.9B	4.2B	4B	4.2B	4.7B	5.2B	5.6B	5.8B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	9.4B	10.7B	11.9B	13.4B	14.7B	17.3B	18.1B	19.1B	20.5B	21.5B
Accounts payable	450.5M	511.1M	556.9M	554.4M	645.6M	677.8M	761M	240.1M	263.3M	238.8M
Short-term debt	85M	55M	530M	1.1B	1.1B	1.1B	—	—	—	—
Total current liabilities	1.7B	1.8B	1.6B	1.6B	1.7B	1.6B	1.7B	1.7B	1.7B	1.8B
Long-term debt	3.2B	3.5B	4.2B	4.7B	4.8B	6.1B	6.2B	6.3B	7.2B	8.1B
Total liabilities	6.8B	7.3B	8.2B	9.2B	9.8B	11.3B	11.6B	11.9B	13B	13.9B
Shareholders' equity	2.6B	3.4B	3.7B	4.2B	4.9B	6B	6.5B	7.2B	7.5B	7.6B
Total debt	3.3B	3.6B	4.7B	5.8B	5.8B	7.2B	6.2B	6.3B	7.2B	8.1B
Net debt	2.6B	2.8B	4B	5.3B	4.6B	4.5B	4.1B	4.8B	6.3B	7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	—	—	—	—	—	—	—	—	1.9B	1.8B	1.8B	1.7B
Receivables	—	—	—	—	—	—	—	—	175.6M	172.6M	159.1M	194.6M
Inventory	—	—	—	—	—	—	—	—	176.1M	175M	178.2M	180.3M
Total current assets	—	—	—	—	—	—	—	—	2.6B	2.5B	2.5B	2.2B
Property, plant & equipment	—	—	—	—	—	—	—	—	6B	5.9B	5.8B	6B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	—	—	—	21.4B	21.6B	21.5B	21.7B
Accounts payable	—	—	—	—	—	—	—	—	274.2M	181.8M	238.8M	289.6M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	1.8B	1.8B	1.8B	1.9B
Long-term debt	—	—	—	—	—	—	—	—	7.7B	8.1B	8.1B	8.1B
Total liabilities	—	—	—	—	—	—	—	—	13.7B	13.9B	13.9B	14B
Shareholders' equity	—	—	—	—	—	—	—	—	7.8B	7.7B	7.6B	7.7B
Total debt	—	—	—	—	—	—	—	—	7.7B	8.1B	8.1B	8.1B
Net debt	—	—	—	—	—	—	—	—	6.7B	7B	7B	7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	398.4M	790.6M	370.9M	442M	610.9M	1.1B	924.5M	628.7M	367.1M	83.1M
Depreciation & amortization	481.5M	555.1M	581M	664.1M	664M	697M	733.9M	817.9M	982.5M	1.2B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-45.4M	-199.8M	104.7M	-1.1M	54.7M	-65.7M	83.8M	-18M	-24.1M	75.7M
Operating cash flow	1.1B	1B	1.2B	1.5B	1.5B	1.9B	2B	1.6B	1.5B	1.8B
Capital expenditure	-932M	-663.9M	-1.3B	-1.6B	-904M	-1.5B	-2B	-2.3B	-2.8B	—
Investing cash flow	-1.2B	-899.1M	-1.6B	-1.8B	-1.1B	-1.9B	-2.4B	-2B	-2.9B	181.2M
Dividends paid	-58.8M	-29.4M	-39.2M	-29.4M	-49M	-29.4M	-33.7M	-31.8M	-35.3M	-35.3M
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	234.9M	28.2M	1.1B	1.3B	546.8M	1.4B	59.8M	66.5M	895.1M	594.6M
Net change in cash	138M	142.2M	773.3M	1B	905.1M	1.5B	-402.3M	-350.8M	-537.8M	2.6B
Free cash flow	-360.1M	-426.1M	-894.4M	-1.2B	93.9M	-190.3M	-994.3M	-1.5B	-2B	-1.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	273.5M	99.2M	-863K	195.4M	186.8M	67.2M	-82.3M	142.3M	105.5M	-37M	-127.8M	122.9M
Depreciation & amortization	208.9M	201.9M	213.7M	224.3M	247.5M	252.3M	255.7M	284.3M	304.4M	301.2M	302.1M	302.7M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-22.2M	-8.1M	-1.8M	-14.9M	90.4M	-49.7M	-49.9M	106.8M	6.4M	-95.7M	58.2M	68.4M
Operating cash flow	550.3M	316.2M	240.7M	451.4M	581.3M	280.6M	144.7M	598.4M	551.6M	240.6M	404M	630.3M
Capital expenditure	-676M	-546.7M	-450.9M	-816.5M	-745.7M	-771.2M	-456.8M	—	—	—	—	—
Investing cash flow	-797.7M	-623.6M	-336.5M	-803.3M	-794.5M	-840.6M	-452.5M	-13.7M	44.8M	-12.6M	162.6M	103.2M
Dividends paid	-7.1M	-8.8M	-8.8M	-8.8M	-8.8M	-8.8M	-8.8M	-8.8M	-8.8M	-8.8M	-8.8M	-8.8M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	-48M
Financing cash flow	97M	-22.5M	-144.7M	-31.4M	542M	161.3M	223.3M	47.4M	389.7M	220.3M	-62.8M	-78.3M
Net change in cash	-150.4M	-329.9M	-240.5M	-383.4M	328.8M	-398.7M	-84.5M	632.2M	986.1M	448.3M	503.8M	655.1M
Free cash flow	-419.1M	-433.9M	-379.2M	-509.3M	-433.5M	-664.9M	-390.5M	-318.2M	-446.3M	-447.6M	-147.7M	-192.1M

U-Haul Holding Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement