U-Haul Holding Company Financials
This page shows U-Haul Holding Company (UHAL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
U-Haul Holding Company has an operating margin of 12.3%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is down from 17.4% the prior year.
U-Haul Holding Company's revenue grew a modest 3.6% year-over-year to $5.8B. This slow but positive growth earns a score of 39/100.
U-Haul Holding Company carries a low D/E ratio of 0.96, meaning only $0.96 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
While U-Haul Holding Company generated $1.5B in operating cash flow, capex of $3.5B consumed most of it, leaving -$2.0B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
U-Haul Holding Company generates a 4.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100. This is down from 8.8% the prior year.
U-Haul Holding Company passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, U-Haul Holding Company generates $3.96 in operating cash flow ($1.5B OCF vs $367.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
U-Haul Holding Company earns $2.4 in operating income for every $1 of interest expense ($716.2M vs $295.7M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
U-Haul Holding Company generated $5.8B in revenue in fiscal year 2025. This represents an increase of 3.6% from the prior year.
U-Haul Holding Company's EBITDA was $1.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.2% from the prior year.
U-Haul Holding Company generated -$2.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 29.7% from the prior year.
U-Haul Holding Company reported $367.1M in net income in fiscal year 2025. This represents a decrease of 41.6% from the prior year.
U-Haul Holding Company held $988.8M in cash against $7.2B in long-term debt as of fiscal year 2025.
U-Haul Holding Company's operating margin was 12.3% in fiscal year 2025, reflecting core business profitability. This is down 5.1 percentage points from the prior year.
U-Haul Holding Company's net profit margin was 6.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.9 percentage points from the prior year.
U-Haul Holding Company's ROE was 4.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.9 percentage points from the prior year.
U-Haul Holding Company invested $3.5B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 15.4% from the prior year.
UHAL Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B-17.7% | $1.7B+5.5% | $1.6B+17.4% | $1.4B-16.3% | $1.7B+7.1% | $1.5B+15.6% | $1.3B | N/A |
| Cost of Revenue | $50.9M-24.8% | $67.6M-6.3% | $72.2M+36.8% | $52.8M-15.2% | $62.3M-5.7% | $66.0M+28.1% | $51.5M | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $33.7M-84.5% | $217.6M-15.5% | $257.4M+70.8% | $150.7M-50.1% | $302.0M-1.4% | $306.2M+55.0% | $197.6M | N/A |
| Interest Expense | $95.5M+5.8% | $90.3M+9.7% | $82.3M+7.5% | $76.6M+7.1% | $71.5M+6.4% | $67.2M-0.3% | $67.5M | N/A |
| Income Tax | $14.6M-53.5% | $31.4M-27.0% | $43.0M+93.5% | $22.3M-62.6% | $59.4M-2.6% | $61.0M+99.6% | $30.5M | N/A |
| Net Income | $37.0M-65.0% | $105.5M-25.8% | $142.3M+111.9% | $67.2M-64.0% | $186.8M-4.4% | $195.4M+96.9% | $99.2M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
UHAL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.6B+0.9% | $21.4B+2.8% | $20.8B+2.5% | $20.3B+1.0% | $20.1B+4.3% | $19.3B+1.6% | $19.0B+5.0% | $18.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $1.0B-4.7% | $1.1B+23.4% | $877.2M-13.8% | $1.0B-29.1% | $1.4B+24.5% | $1.2B-36.1% | $1.8B-12.4% | $2.1B |
| Inventory | $175.0M-0.6% | $176.1M+1.6% | $173.3M+11.7% | $155.1M-1.6% | $157.6M0.0% | $157.6M+1.6% | $155.2M+2.4% | $151.5M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $13.9B+1.6% | $13.7B+3.6% | $13.2B+3.8% | $12.7B+0.7% | $12.6B+5.5% | $12.0B+0.3% | $11.9B+2.7% | $11.6B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $8.1B+4.2% | $7.7B | N/A | $6.9B+2.0% | $6.8B+7.8% | $6.3B-2.6% | $6.5B+5.3% | $6.1B |
| Total Equity | $7.7B-0.3% | $7.8B+1.4% | $7.7B+0.4% | $7.6B+1.5% | $7.5B+2.3% | $7.4B+3.7% | $7.1B+9.0% | $6.5B |
| Retained Earnings | $8.1B-0.6% | $8.2B+1.2% | $8.1B+0.5% | $8.0B+0.7% | $8.0B+2.3% | $7.8B+2.3% | $7.6B+8.7% | $7.0B |
UHAL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $240.6M-56.4% | $551.6M-7.8% | $598.4M+120.3% | $271.6M-48.8% | $530.4M+16.8% | $453.9M+50.0% | $302.6M+41.5% | $213.9M |
| Capital Expenditures | $688.2M-31.0% | $997.9M+8.9% | $916.6M-2.1% | $936.5M-2.8% | $963.8M+0.1% | $963.2M+30.8% | $736.6M+13.8% | $647.5M |
| Free Cash Flow | -$447.6M-0.3% | -$446.3M-40.3% | -$318.2M+52.1% | -$664.9M-53.4% | -$433.5M+14.9% | -$509.3M-17.4% | -$433.9M-0.1% | -$433.5M |
| Investing Cash Flow | -$515.3M+29.7% | -$733.3M+4.0% | -$764.0M+9.1% | -$840.6M-5.8% | -$794.5M+1.1% | -$803.3M-28.8% | -$623.6M-13.5% | -$549.6M |
| Financing Cash Flow | $220.3M-43.5% | $389.7M+721.4% | $47.4M-70.6% | $161.3M-70.2% | $542.0M+1824.1% | -$31.4M-39.9% | -$22.5M+80.5% | -$115.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $14.1M | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
UHAL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 2.4%-10.3pp | 12.7%-3.1pp | 15.8%+4.9pp | 10.9%-7.4pp | 18.2%-1.6pp | 19.8%+5.0pp | 14.8% | N/A |
| Net Margin | 2.6%-3.5pp | 6.1%-2.6pp | 8.7%+3.9pp | 4.8%-6.4pp | 11.3%-1.4pp | 12.6%+5.2pp | 7.4% | N/A |
| Return on Equity | 0.5%-0.9pp | 1.4%-0.5pp | 1.9%+1.0pp | 0.9%-1.6pp | 2.5%-0.2pp | 2.7%+1.3pp | 1.4% | N/A |
| Return on Assets | 0.2%-0.3pp | 0.5%-0.2pp | 0.7%+0.3pp | 0.3%-0.6pp | 0.9%-0.1pp | 1.0%+0.5pp | 0.5% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.04+0.0 | 1.00-0.7 | 1.72+0.8 | 0.910.0 | 0.90-0.7 | 1.63+0.7 | 0.91-0.0 | 0.94 |
| FCF Margin | -31.6%-5.7pp | -25.9%-6.4pp | -19.5%+28.4pp | -47.9%-21.7pp | -26.1%+6.8pp | -32.9%-0.5pp | -32.4% | N/A |
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Frequently Asked Questions
What is U-Haul Holding Company's annual revenue?
U-Haul Holding Company (UHAL) reported $5.8B in total revenue for fiscal year 2025. This represents a 3.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is U-Haul Holding Company's revenue growing?
U-Haul Holding Company (UHAL) revenue grew by 3.6% year-over-year, from $5.6B to $5.8B in fiscal year 2025.
Is U-Haul Holding Company profitable?
Yes, U-Haul Holding Company (UHAL) reported a net income of $367.1M in fiscal year 2025, with a net profit margin of 6.3%.
What is U-Haul Holding Company's EBITDA?
U-Haul Holding Company (UHAL) had EBITDA of $1.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does U-Haul Holding Company have?
As of fiscal year 2025, U-Haul Holding Company (UHAL) had $988.8M in cash and equivalents against $7.2B in long-term debt.
What is U-Haul Holding Company's operating margin?
U-Haul Holding Company (UHAL) had an operating margin of 12.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is U-Haul Holding Company's net profit margin?
U-Haul Holding Company (UHAL) had a net profit margin of 6.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is U-Haul Holding Company's return on equity (ROE)?
U-Haul Holding Company (UHAL) has a return on equity of 4.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is U-Haul Holding Company's free cash flow?
U-Haul Holding Company (UHAL) generated -$2.0B in free cash flow during fiscal year 2025. This represents a -29.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is U-Haul Holding Company's operating cash flow?
U-Haul Holding Company (UHAL) generated $1.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are U-Haul Holding Company's total assets?
U-Haul Holding Company (UHAL) had $20.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are U-Haul Holding Company's capital expenditures?
U-Haul Holding Company (UHAL) invested $3.5B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is U-Haul Holding Company's debt-to-equity ratio?
U-Haul Holding Company (UHAL) had a debt-to-equity ratio of 0.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is U-Haul Holding Company's return on assets (ROA)?
U-Haul Holding Company (UHAL) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is U-Haul Holding Company's Piotroski F-Score?
U-Haul Holding Company (UHAL) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are U-Haul Holding Company's earnings high quality?
U-Haul Holding Company (UHAL) has an earnings quality ratio of 3.96x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can U-Haul Holding Company cover its interest payments?
U-Haul Holding Company (UHAL) has an interest coverage ratio of 2.4x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is U-Haul Holding Company?
U-Haul Holding Company (UHAL) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.