10-Q · February 4, 2026
U-Haul reported Q3 total revenues of $1,415,608,000 (1,415,608 in the filing's thousands) up from $1,388,558,000 a year ago, but operating income collapsed to $33,672,000 from $150,732,000 and the company delivered a…
Earnings analysis · 10-K
UHAL earnings analysis
Filed May 27, 2026 · Our reading of the company's report
The latest report
U-Haul Holding Company reported a challenging fiscal year ending March 31, 2026, with total revenues of $6,037,819,000, reflecting a year-over-year increase of 3.6%. However, earnings available to common stockholders…
Read full summary
U-Haul Holding Company reported a challenging fiscal year ending March 31, 2026, with total revenues of $6,037,819,000, reflecting a year-over-year increase of 3.6%. However, earnings available to common stockholders decreased to $83,128,000, primarily due to rising operational costs and increasing interest expenses. The Moving and Storage segment remains the largest revenue contributor, indicating strategic investments in self-storage and rental services; however, profitability is under pressure from enhanced competition and economic challenges.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.24
- Operating margin
- 7.17%
- Segment
- Moving and Storage
- Segment
- Property and Casualty Insurance
- Segment
- Life Insurance
What stood out
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Stable Revenue Growth
Total revenue increased to $6,037,819,000, up from $5,828,665,000 in the previous year.
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Self-Moving Equipment & Storage Growth
Self-moving equipment rental revenues grew by approximately $86.4 million year-over-year, reaching $3,811,921,000.
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Improved Free Cash Flow
Net cash provided by operating activities increased to $1,794,584,000 from $1,454,429,000 the prior year.
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Focus on Sustainability
The company continues to expand its online services and green initiatives, asserting its leadership in the DIY moving market.
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Stock Buyback Program Initiated
On May 22, 2026, U-Haul authorized a $350 million stock repurchase program to enhance shareholder value.
-
Organic Growth in Self-Storage
The self-storage segment grew its revenues by $74.5 million during the fiscal year.
What to watch
-
Net Loss Available to Shareholders
U-Haul experienced a net loss available to common stockholders of $36,797,000 compared to income of $367,090,000 in the prior year.
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High Operating Expenses
Total costs and expenses surged to $5,605,198,000, a significant increase influenced by repair and personnel costs.
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Interest Expense Surge
Interest expense doubled to $364,757,000 as debt levels rose, putting pressure on profitability.
Management's outlook
Annual outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · February 5, 2025
U-Haul reported Q3 total revenues of $1,388,558 (in thousands), up from $1,339,514 a year earlier, but operating income and EPS declined. Earnings from operations fell to $150,732 (in thousands) from $197,588 and…
10-Q · August 7, 2024
U-Haul reported total revenues of $1,548,490,000 for the quarter, up modestly from $1,540,308,000 a year earlier, while operating income fell to $306,242,000 from $399,658,000 and GAAP basic/diluted EPS for Common Stock…
10-Q · August 9, 2023
U-Haul reported Q1 total revenues of $1,540,308 (in thousands), down from $1,597,840 (in thousands) a year ago, while diluted common EPS fell to $1.27 from $2.18. Operating income declined to $399,658 (in thousands) and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.