What is U-Haul Holding Company's earnings per share (EPS)?

U-Haul Holding Company (UHAL) reported diluted earnings per share of $0.24 for fiscal year 2026. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

U-Haul Holding Company Financials

UHAL

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows U-Haul Holding Company (UHAL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Rhea AI UHAL FY2025 2026-05-27

A capital-intensive model is keeping accounting profit and operating cash flow positive while aggressive reinvestment makes the business a persistent cash user.

Operating cash flow of $1.45B far exceeded net income of $367M, which means reported earnings are being heavily reduced by non-cash charges from a large asset base. But capital spending reached $3.45B, up from $2.72B, so the cash the assets generate is being recycled straight back into the business rather than showing up as free cash.

With revenue roughly unchanged, operating margin compressed by 12.2% over two years. That pattern says the earnings decline is coming from weaker utilization or heavier operating-cost absorption, not from a simple top-line contraction, which matters because flat sales are no longer covering the asset base as efficiently.

The balance sheet is still carrying the reinvestment program: long-term debt rose to $7.23B as cash fell below $1.0B. Even with equity at about $7.5B, the company has less room to self-fund because expansion has been financed faster than cash has been rebuilt, making balance-sheet capacity part of the operating model rather than just a safety buffer.

Financial Health Signals

Financial Profile 31/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of U-Haul Holding Company's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

U-Haul Holding Company has an operating margin of 7.2%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 46/100, indicating healthy but not exceptional operating efficiency. This is down from 12.3% the prior year.

Growth

U-Haul Holding Company's revenue grew a modest 3.6% year-over-year to $6.0B. This slow but positive growth earns a score of 39/100.

Leverage

U-Haul Holding Company carries a low D/E ratio of 1.07, meaning only $1.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

While U-Haul Holding Company generated $1.8B in operating cash flow, capex of $3.2B consumed most of it, leaving -$1.4B in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

U-Haul Holding Company generates a 1.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 19/100. This is down from 4.9% the prior year.

Piotroski F-Score Weak

3/9

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.

Earnings Quality Cash-Backed

21.59x

For every $1 of reported earnings, U-Haul Holding Company generates $21.59 in operating cash flow ($1.8B OCF vs $83.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.2x

U-Haul Holding Company earns $1.2 in operating income for every $1 of interest expense ($432.6M vs $364.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.0B

YoY+3.6%

5Y CAGR+5.9%

10Y CAGR+6.3%

U-Haul Holding Company generated $6.0B in revenue in fiscal year 2026. This represents an increase of 3.6% from the prior year.

EBITDA

$1.6B

YoY-5.4%

5Y CAGR-1.8%

10Y CAGR+2.6%

U-Haul Holding Company's EBITDA was $1.6B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 5.4% from the prior year.

Net Income

$83.1M

YoY-77.4%

5Y CAGR-32.9%

10Y CAGR-16.2%

U-Haul Holding Company reported $83.1M in net income in fiscal year 2026. This represents a decrease of 77.4% from the prior year.

EPS (Diluted)

$0.24

U-Haul Holding Company earned $0.24 per diluted share (EPS) in fiscal year 2026.

Cash & Balance Sheet

Free Cash Flow

-$1.4B

YoY+31.9%

U-Haul Holding Company generated -$1.4B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 31.9% from the prior year.

Cash & Debt

$1.1B

YoY+13.3%

5Y CAGR-1.3%

10Y CAGR+6.4%

U-Haul Holding Company held $1.1B in cash against $8.1B in long-term debt as of fiscal year 2026.

Dividends Per Share

$0.05

5Y CAGR-54.3%

U-Haul Holding Company paid $0.05 per share in dividends in fiscal year 2026.

Shares Outstanding

20M

U-Haul Holding Company had 20M shares outstanding in fiscal year 2026.

Margins & Returns

Gross Margin

N/A

Operating Margin

7.2%

YoY-5.1pp

5Y CAGR-14.0pp

10Y CAGR-19.3pp

U-Haul Holding Company's operating margin was 7.2% in fiscal year 2026, reflecting core business profitability. This is down 5.1 percentage points from the prior year.

Net Margin

1.4%

YoY-4.9pp

5Y CAGR-12.1pp

10Y CAGR-13.5pp

U-Haul Holding Company's net profit margin was 1.4% in fiscal year 2026, showing the share of revenue converted to profit. This is down 4.9 percentage points from the prior year.

Return on Equity

1.1%

YoY-3.8pp

5Y CAGR-11.3pp

10Y CAGR-20.6pp

U-Haul Holding Company's ROE was 1.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 3.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$3.2B

YoY-8.6%

5Y CAGR+17.0%

10Y CAGR+7.7%

U-Haul Holding Company invested $3.2B in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 8.6% from the prior year.

UHAL Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$6.0B+3.6%	$5.8B+3.6%	$5.6B-4.1%	$5.9B+2.2%	$5.7B+26.4%	$4.5B
Cost of Revenue	$246.9M+5.4%	$234.1M-3.1%	$241.6M-8.2%	$263.0M+1.3%	$259.6M+21.3%	$214.1M
Gross Profit	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
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	$432.6M-39.6%	$716.2M-26.8%	$977.8M-32.4%	$1.4B-12.2%	$1.6B+71.3%	$961.1M
Interest Expense	$364.8M+23.3%	$295.7M+15.4%	$256.2M+14.4%	$224.0M+33.8%	$167.4M+2.4%	$163.5M
Income Tax	$29.5M-73.3%	$110.4M-47.8%	$211.5M-28.3%	$294.9M-16.3%	$352.2M+89.6%	$185.8M
Net Income	$83.1M-77.4%	$367.1M-41.6%	$628.7M-32.0%	$924.5M-17.8%	$1.1B+84.1%	$610.9M
EPS (Diluted)	$0.24	N/A	$3.04	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$1.3B-10.2%	$1.4B-17.7%	$1.7B+5.5%	$1.6B+32.2%	$1.2B-11.2%	$1.4B-16.3%	$1.7B+7.1%	$1.5B
Cost of Revenue	$56.2M+10.4%	$50.9M-24.8%	$67.6M-6.3%	$72.2M+35.9%	$53.1M+0.7%	$52.8M-15.2%	$62.3M-5.7%	$66.0M
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	-$76.1M-325.9%	$33.7M-84.5%	$217.6M-15.5%	$257.4M+701.8%	-$42.8M-128.4%	$150.7M-50.1%	$302.0M-1.4%	$306.2M
Interest Expense	$96.6M+1.1%	$95.5M+5.8%	$90.3M+9.7%	$82.3M+2.4%	$80.4M+5.0%	$76.6M+7.1%	$71.5M+6.4%	$67.2M
Income Tax	-$59.6M-507.6%	$14.6M-53.5%	$31.4M-27.0%	$43.0M+233.6%	-$32.2M-244.8%	$22.3M-62.6%	$59.4M-2.6%	$61.0M
Net Income	-$201.7M-645.7%	$37.0M-65.0%	$105.5M-25.8%	$142.3M+273.0%	-$82.3M-222.5%	$67.2M-64.0%	$186.8M-4.4%	$195.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UHAL Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$21.5B+5.0%	$20.5B+7.5%	$19.1B+5.3%	$18.1B+4.5%	$17.3B+18.3%	$14.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.1B+13.3%	$988.8M-35.6%	$1.5B-25.5%	$2.1B-23.8%	$2.7B+126.5%	$1.2B
Inventory	$178.2M+9.2%	$163.1M+8.1%	$150.9M-0.4%	$151.5M-4.7%	$158.9M+50.5%	$105.6M
Accounts Receivable	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
Total Liabilities	$13.9B+7.0%	$13.0B+9.2%	$11.9B+2.5%	$11.6B+2.2%	$11.3B+16.6%	$9.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$8.1B+12.4%	$7.2B+14.7%	$6.3B+2.6%	$6.1B+1.4%	$6.1B+29.0%	$4.7B
Total Equity	$7.6B+1.5%	$7.5B+4.5%	$7.2B+10.3%	$6.5B+9.3%	$6.0B+21.0%	$4.9B
Retained Earnings	$8.0B+0.6%	$7.9B+4.4%	$7.6B+8.5%	$7.0B+14.4%	$6.1B+21.8%	$5.0B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$21.5B-0.5%	$21.6B+0.9%	$21.4B+2.8%	$20.8B+1.8%	$20.5B+0.7%	$20.3B+1.0%	$20.1B+4.3%	$19.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.1B+8.5%	$1.0B-4.7%	$1.1B+23.4%	$877.2M-11.3%	$988.8M-2.8%	$1.0B-29.1%	$1.4B+24.5%	$1.2B
Inventory	$178.2M+1.8%	$175.0M-0.6%	$176.1M+1.6%	$173.3M+6.2%	$163.1M+5.2%	$155.1M-1.6%	$157.6M0.0%	$157.6M
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+0.1%	$13.9B+1.6%	$13.7B+3.6%	$13.2B+1.6%	$13.0B+2.2%	$12.7B+0.7%	$12.6B+5.5%	$12.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$8.1B+0.8%	$8.1B+4.2%	$7.7B	N/A	$7.2B+4.3%	$6.9B+2.0%	$6.8B	N/A
Total Equity	$7.6B-1.7%	$7.7B-0.3%	$7.8B+1.4%	$7.7B+2.2%	$7.5B-1.7%	$7.6B+1.5%	$7.5B+2.3%	$7.4B
Retained Earnings	$8.0B-1.7%	$8.1B-0.6%	$8.2B+1.2%	$8.1B+1.7%	$7.9B-1.1%	$8.0B+0.7%	$8.0B+2.3%	$7.8B

UHAL Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.8B+23.4%	$1.5B+0.1%	$1.5B-16.0%	$1.7B-11.1%	$1.9B+26.8%	$1.5B
Capital Expenditures	$3.2B-8.6%	$3.5B+15.4%	$3.0B+9.9%	$2.7B+27.5%	$2.1B+48.2%	$1.4B
Free Cash Flow	-$1.4B+31.9%	-$2.0B-29.7%	-$1.5B-54.9%	-$994.3M-422.5%	-$190.3M-302.6%	$93.9M
Investing Cash Flow	-$2.3B+21.7%	-$2.9B-41.3%	-$2.0B+15.5%	-$2.4B-229.7%	$1.9B+265.3%	-$1.1B
Financing Cash Flow	$594.6M-33.6%	$895.1M+1245.4%	$66.5M+11.3%	$59.8M-95.8%	$1.4B+398.7%	$287.4M
Dividends Paid	$100.0M	N/A	$0-100.0%	$19.6M-33.3%	$29.4M-40.0%	$49.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$404.0M+67.9%	$240.6M-56.4%	$551.6M-7.8%	$598.4M+201.4%	$198.5M-26.9%	$271.6M-48.8%	$530.4M+16.8%	$453.9M
Capital Expenditures	$551.7M-19.8%	$688.2M-31.0%	$997.9M+8.9%	$916.6M+55.6%	$589.0M-37.1%	$936.5M-2.8%	$963.8M+0.1%	$963.2M
Free Cash Flow	-$147.7M+67.0%	-$447.6M-0.3%	-$446.3M-40.3%	-$318.2M+18.5%	-$390.5M+41.3%	-$664.9M-53.4%	-$433.5M+14.9%	-$509.3M
Investing Cash Flow	-$250.3M+51.4%	-$515.3M+29.7%	-$733.3M+4.0%	-$764.0M-68.9%	-$452.5M+46.2%	-$840.6M-5.8%	-$794.5M+1.1%	-$803.3M
Financing Cash Flow	-$62.8M-128.5%	$220.3M-43.5%	$389.7M+721.4%	$47.4M-78.8%	$223.3M+38.5%	$161.3M-70.2%	$542.0M+1824.1%	-$31.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

UHAL Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	7.2%-5.1pp	12.3%-5.1pp	17.4%-7.3pp	24.6%-4.0pp	28.7%+7.5pp	21.2%
Net Margin	1.4%-4.9pp	6.3%-4.9pp	11.2%-4.6pp	15.8%-3.8pp	19.6%+6.1pp	13.5%
Return on Equity	1.1%-3.8pp	4.9%-3.9pp	8.8%-5.4pp	14.2%-4.7pp	18.9%+6.5pp	12.4%
Return on Assets	0.4%-1.4pp	1.8%-1.5pp	3.3%-1.8pp	5.1%-1.4pp	6.5%+2.3pp	4.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.07+0.1	0.96+0.1	0.88-0.1	0.94-0.1	1.02+0.1	0.96
FCF Margin	-22.5%+11.8pp	-34.3%-6.9pp	-27.4%-10.4pp	-17.0%-13.6pp	-3.3%-5.4pp	2.1%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-6.0%-8.4pp	2.4%-10.3pp	12.7%-3.1pp	15.8%+19.3pp	-3.5%-14.3pp	10.9%-7.4pp	18.2%-1.6pp	19.8%
Net Margin	-15.9%-18.5pp	2.6%-3.5pp	6.1%-2.6pp	8.7%+15.4pp	-6.7%-11.5pp	4.8%-6.4pp	11.3%-1.4pp	12.6%
Return on Equity	-2.7%-3.1pp	0.5%-0.9pp	1.4%-0.5pp	1.9%+3.0pp	-1.1%-2.0pp	0.9%-1.6pp	2.5%-0.2pp	2.7%
Return on Assets	-0.9%-1.1pp	0.2%-0.3pp	0.5%-0.2pp	0.7%+1.1pp	-0.4%-0.7pp	0.3%-0.6pp	0.9%-0.1pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.07+0.0	1.04+0.0	1.00-0.7	1.72+0.8	0.96+0.1	0.910.0	0.90-0.7	1.63
FCF Margin	-11.6%+20.0pp	-31.6%-5.7pp	-25.9%-6.4pp	-19.5%+12.1pp	-31.6%+16.2pp	-47.9%-21.7pp	-26.1%+6.8pp	-32.9%

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Frequently Asked Questions

What is U-Haul Holding Company's annual revenue?

U-Haul Holding Company (UHAL) reported $6.0B in total revenue for fiscal year 2026. 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 $5.8B to $6.0B in fiscal year 2026.

Is U-Haul Holding Company profitable?

Yes, U-Haul Holding Company (UHAL) reported a net income of $83.1M in fiscal year 2026, with a net profit margin of 1.4%.

What is U-Haul Holding Company's EBITDA?

U-Haul Holding Company (UHAL) had EBITDA of $1.6B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does U-Haul Holding Company have?

As of fiscal year 2026, U-Haul Holding Company (UHAL) had $1.1B in cash and equivalents against $8.1B in long-term debt.

What is U-Haul Holding Company's operating margin?

U-Haul Holding Company (UHAL) had an operating margin of 7.2% in fiscal year 2026, 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 1.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does U-Haul Holding Company pay dividends?

Yes, U-Haul Holding Company (UHAL) paid $0.05 per share in dividends during fiscal year 2026.

What is U-Haul Holding Company's return on equity (ROE)?

U-Haul Holding Company (UHAL) has a return on equity of 1.1% for fiscal year 2026, 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 -$1.4B in free cash flow during fiscal year 2026. This represents a 31.9% 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 $1.8B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are U-Haul Holding Company's total assets?

U-Haul Holding Company (UHAL) had $21.5B in total assets as of fiscal year 2026, including both current and long-term assets.

What are U-Haul Holding Company's capital expenditures?

U-Haul Holding Company (UHAL) invested $3.2B in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How many shares does U-Haul Holding Company have outstanding?

U-Haul Holding Company (UHAL) had 20M shares outstanding as of fiscal year 2026.

What is U-Haul Holding Company's debt-to-equity ratio?

U-Haul Holding Company (UHAL) had a debt-to-equity ratio of 1.07 as of fiscal year 2026, 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 0.4% for fiscal year 2026, 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 to 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 21.59x, 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 1.2x, meaning it can struggle to 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 31 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.